Deloro Resources (CVE:DLL) announced today that they have begun production test at their Wilkie project ni Canada. Deloro is testing “electrically enhanced oil recovery” on heavy oil properties. The release states that testing has begun on one of the six wells on the property. Click here to see the full release.
Xcite Energy announced the results of the new Competent Person’s Report (CPR), dated and effective on February 20, 2009, following the successful drilling and testing of the 9/3b-5 well by Xcite Energy on the Bentley field in February 2008. For more information, click here
ConocoPhillips plans new wells and development at the huge Kuparuk field and at the Alpine field and associated satellites on the western North Slope. For full story, click here
With the price of crude mired at half the peak of $147 it reached in July, this may seem like an odd time to invest in oil wells. For full story, click here
By Duncan Sutherland – Exclusive to Heavy Oil Investing News Market News: Now this is not the end. It is not even the beginning of the end. But it is, perhaps, the end of the beginning. Apologies to Winston Churchill, but this quote is perhaps the best measure of the rocky state of the global financial [...]
By Duncan Sutherland – Exclusive to Heavy Oil Investing News Market news Ouch! For our Canadian investors in commodities, times have certainly been better. The TSX has been dragged downward by mining and energy concerns this week, and investors are understandably worried. Some see it as a natural part of a cycle, others as a [...]
By Duncan Sutherland – Exclusive to Heavy Oil Investing News Market News As most of you know by now, the barrel price for oil has dropped pr ecipitously in the wake of Gustav’s fairly uneventful passage through the Gulf of Mexico. The drop in prices has weighed down the energy-heavy TSX indexes, energy companies and [...]
Ivory Energy Inc. reported that the discovery gas well at Obed, Alberta is currently being pipelined and is expected to be on production by the end of August. For full news, click here
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