Oil and Gas Stocks;  Traverse Energy Ltd. (TSX VENTURE:TVL) Grants Stock Options

CALGARY, ALBERTA--(http://www.investorideas.com/ energy stocks blog )- Sept. 23, 2010) - Traverse Energy Ltd. ("Traverse") (TSX VENTURE:TVL) announces that it granted stock options to its directors and officers to purchase 675,000 common shares with an exercise price of $0.60 per share and an expiry date 5 years from the date of grant. The options granted vest immediately upon grant. The total number of options outstanding as of the date hereof is 2,625,000.


Traverse is a junior oil and natural gas exploration and production company with a substantial land base in Alberta. The common shares of Traverse are listed on the TSX Venture Exchange under the trading symbol "TVL".

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For more information, please contact
Traverse Energy Ltd.
Mr. Laurie Smith
President & CEO
403-264-9223
or
Traverse Energy Ltd.
Suite 800, 839 - 5th Avenue SW
Calgary, Alberta T2P 3C8

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Oil and Gas Stocks ; Penn West Energy Trust (TSX:PWT.UN) (NYSE:PWE) and Mitsubishi Corporation Announce Closing of Previously Announced Strategic Joint Venture

Oil and Gas Stocks ; Penn West Energy Trust and Mitsubishi Corporation Announce Closing of Previously Announced Strategic Joint Venture

CALGARY, ALBERTA--(http://www.investorideas.com/ energy stocks blog )  - Sept. 23, 2010) - Penn West Energy Trust ("Penn West") (TSX:PWT.UN) (NYSE:PWE) has closed the previously announced joint venture (the "Joint Venture") with a wholly owned subsidiary of Mitsubishi Corporation ("MC"). The Joint Venture has been formed to develop shale gas assets in the Cordova Embayment area and certain conventional gas assets in the Wildboy area of northeastern British Columbia (the "Assets"). As part of the agreement, MC acquired a 50 percent interest in the Joint Venture consisting of current production of approximately 30 million cubic feet per day (gross) of conventional natural gas, 550,000 acres (gross) of land including approximately 120,000 acres (gross) targeting shale gas in the Cordova Embayment, as well as a 50 percent interest in the Wildboy gas processing facility, the sales gas pipeline connecting the area to the TransCanada system in Alberta, and all associated infrastructure. In return, Penn West received approximately $250 million in initial consideration and MC has committed to spend $600 million of the first $800 million of initial development capital associated with the JV.


About Penn West
Penn West is one of the largest conventional oil and natural gas producers in North America and the largest producer of light and medium oil in western Canada. Based in Calgary, Alberta, Penn West operates throughout the Western Canadian Sedimentary Basin on a land base encompassing approximately 7 million acres.
Penn West Units and debentures are listed on the Toronto Stock Exchange under the symbols PWT.UN, PWT.DB.E and PWT.DB.F and Penn West Units are listed on the New York Stock Exchange under the symbol PWE.


About Mitsubishi Corporation
Mitsubishi Corporation (MC) is Japan's largest general trading company (sogo shosha) with over 200 bases of operations in approximately 80 countries worldwide. Together with its over 500 group companies, MC employs a multinational workforce of approximately 60,000 people. MC has long been engaged in business with customers around the world in virtually every industry, including energy, metals, machinery, chemicals, food and general merchandise.
MC seeks to contribute to the enrichment of society through business firmly rooted in principles of fairness and integrity.

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Oil and Gas Stock News; Suroco Energy (TSX.V:SRN) Announces Increase of Proposed Private Placement to Up to $13.2 Million Worth of Common Shares

CALGARY, ALBERTA--(http://www.investorideas.com/ energy stocks blog )  - Sept. 23, 2010) -

(NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA)

Suroco Energy Inc. (TSX VENTURE:SRN) (the "Corporation") announces its intention to increase the size of its recently announced proposed private placement (the "Private Placement") to up to $13.2 million worth of common shares, subject to the approval of the TSX Venture Exchange. The Corporation announced in its September 9, 2010 press release that it proposed to undertake a private placement of common shares, on a non-brokered basis, at $0.45 per share. Pursuant to the Private Placement, up to 29,333,333 common shares of the Corporation may be issued. The Private Placement is expected to close on or before September 27, 2010 or such other date or dates that the Corporation determines.
It is anticipated that the net proceeds of the Private Placement will be used by the Corporation to fund its exploration and appraisal activities in Colombia and for general corporate purposes.


The Private Placement is subject to the approval of the TSX Venture Exchange, which may impose conditions in connection with its approval of the Private Placement.
All securities issued in connection with the Private Placement will be subject to a four-month hold period.
The Corporation is a Calgary-based junior oil and gas company, which explores for, develops, produces and sells crude oil, natural gas liquids and natural gas in Colombia and Western Canada. The Corporation's common shares trade on the TSX Venture Exchange under the symbol SRN.


Forward-Looking Statements
This press release contains forward-looking statements relating to the Private Placement and the use of funds from the Private Placement. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will not occur, which may cause actual performance and results in future periods to differ materially from any estimates or projections of future performance or results expressed or implied by such forward-looking statements. These assumptions, risks and uncertainties include, among other things: the risk that the Private Placement will not be completed, the failure to obtain the necessary regulatory approvals for the Private Placement and the state of the economy in general and capital markets in particular.
The forward-looking statements contained in this press release are made as of the date of this press release. Except as required by law, the Corporation disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Additionally, the Corporation undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed above.
This press release does not constitute and the subject matter hereof is not, an offer for sale or a solicitation of an offer to buy, in the United States or to any "U.S Person" (as such term is defined in Regulation S under the U.S. Securities Act of 1933, as amended (the "1933 Act")) of any equity or other securities of the Corporation. The securities of the Corporation to be issued in connection with the proposed Private Placement have not been registered under the 1933 Act and may not be offered or sold in the United States (or to a U.S. Person) absent registration under the 1933 Act or an applicable exemption from the registration requirements of the 1933 Act.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For more information, please contact
Suroco Energy Inc.
Alastair Hill
President and Chief Executive Officer
(403) 232-6784
(403) 232-6747 (FAX)
or
Suroco Energy Inc.
Travis Doupe
Vice-President, Finance and Chief Financial Officer
(403) 232-6784
(403) 232-6747 (FAX)
http://www.suroco.com/

 

 

______________________________________________

 

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Investorideas.com - Oil and Gas Services Stocks Trading September 13th; (OTCPK: HWEG), (NYSE: SPN), (NYSE: PDS), (NYSE: SRE), (SLB)

Investorideas.com - Oil and Gas Services Stocks Trading September 13th; (OTCPK: HWEG), (NYSE: SPN), (NYSE: PDS), (NYSE: SRE), (SLB)


Category: Investment, Energy
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Visit this company: www.hemiwedge.com
September 13, 2010 (Investorideas.com energy newswire) - Investorideas.com, an investor research portal covering oil and gas stocks reports on oil and gas services stocks for September 13th.


Crude Oil Oct 10 is trading at $ 77.02 +0.57.
Energy Services Stocks Trading September 13, 2010
Dril-Quip, Inc. (NYSE: DRQ) trading at 58.93 USD, up 0.16 (0.27%)
Hemiwedge Industries (OTCPK: HWEG) trading at $0.12, following recent news - Hemiwedge Industries (OTCPK: HWEG) Announces $230 Thousand Order From Black Gold Rental Tools, Inc. - August 25, 2010
Precision Drilling Corporation (NYSE: PDS) trading at $6.44 USD, up 0.03 (0.47%)
Sempra Energy (NYSE: SRE ) trading at $53.0901 USD, down 0.1999 (0.38%)
Schlumberger Limited (SLB) trading at $ 59.88 USD, up 0.57 (0.96%)
Superior Energy Services, Inc. (NYSE: SPN) trading at $ 24.70 USD, up 0.97 (4.09%)



Sector Gains – at time of release
SEMICONDUCTOR 3.2%
BANK 3%NETWORK 2.9%
STEEL/IRON 2.6%
SHIPPING 2.1%
MACHINERY 2%
HOMEBUILDER 1.4%
INSURANCE 1.4%
INTERNET 1.2%
RETAIL 1.2% 13
Sep, 12:55pm ET (delayed)


Sector Snapshot Showcase
Dril-Quip, Inc. (NYSE: DRQ) -Dril-Quip is a leading manufacturer of highly engineered offshore drilling and production equipment which is well suited for use in deepwater, harsh environment and severe service applications.
Hemiwedge Industries (OTCPK: HWEG) operates as an energy field services company and through its subsidiary, Hemiwedge Valve Corporation, develops and commercializes proprietary valve product lines. Hemiwedge Valve Corporation ("HVC"), a wholly-owned subsidiary of Hemiwedge Industries, operates as a global supplier of engineered valve products. In its 60,000 square foot ISO 9001 and API Q1 approved facility in Conroe, Texas, the Company manufactures and markets worldwide a patented proprietary valve technology known as the Hemiwedge® Cartridge valve product line. www.hemiwedge.comVisit the company profile at Investorideas.com
Request News & Updates from Hemiwedge Industries (OTCPK: HWEG) at the Investorideas.com sign up page



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Investorideas.com - Investing in the Paris Basin Shale Oil Play

Investorideas.com - Investing in the Paris Basin Shale Oil Play


Keith Schaefer, Editor, Oil & Gas Investments Bulletin
September 22, 2010
Category: Investment, Oil, Gas, Energy
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Visit this company: www.oilandgas-investments.com


10x Bigger than the Bakken
(Investorideas.com energy newswire) The Paris Basin shale oil play in France has the potential to be ten times the size of the Bakken play in North America, and some high profile exploration is beginning soon.

Estimates range from just a few to many tens of billions of barrels of oil in the Paris Basin. Much like the North American shale plays, these formations have been drilled through many times – there are over 1000 wells drilled into the Basin – so exploration risk is low. It's completion risk – how to best unlock the oil from the rock – that is the main risk.
So there is a lot of data, which makes exploration much less risky. It also means that local residents are used to having oil wells drilled in the region – unlike New York State ;).
The Oil and Gas Investments Bulletin focuses on the junior and intermediate oil and gas sector with a completely independent voice. I have found a Bakken oil producer with years of low risk growth in front of it, and if natural gas prices move up, it potentially has one of the largest and lowest cost plays in North America – and most investors have NEVER heard of it! CLICK HERE TO ACCESS YOUR FREE SPECIAL SUMMER STOCK REPORT FROM OIL AND GAS INVESTMENTS!
Activity by explorers in this part of France has been growing, and is now hitting a fever pitch. A huge land race is underway, with applications for more than 1.6 million acres pending approval for several companies, including Toreador Resources (TRGL-NASD) in the US, Vermillion Energy (VET.UN-TSX) and Realm Energy (RLM-TSXv) in Canada.
Exploration – real drilling – in the Paris Basin will ramp up this fall. Toreador Resources Corporation is the purest play. In May they announced an exploration deal with Hess Corporation (HES-NYSE) that could be worth as much as $265 million for 50% of Toreador's 600,000 acres in the play. They spud their first well into the play in Q4 2010. It will be one of the most watched wells in the world.
Canada's Vermilion Energy has also acquired acreage in the play and begun exploration activities. Vermilion is already recognized as France's largest oil producer.
Craig Steinke, Executive Chairman for Realm Energy, says "The Paris Basin is arguably the most exciting shale play in Europe right now. We expect to acquire a good-sized position in this play."
As I wrote about earlier, many of the European shale gas plays are being bought up by the majors, there are intermediate and junior producers in the game, which should keep news flow on the play steady for retail investors.
When this happened in North America, there was huge wealth creation as the juniors and intermediates were small enough that their stocks could benefit from a productive land position.
Like the big North American shale oil plays that enriched investors, the Paris Basin has big reserve potential, good existing well data, and a local population that's familiar with drilling.
Hopefully, history will repeat itself.
*Keith Schaefer owns Toreador
About Oil & Gas Investments Bulletin
Keith Schaefer, Editor and Publisher of Oil & Gas Investments Bulletin, writes on oil and natural gas markets - and stocks - in a simple, easy to read manner. He uses research reports and trade magazines, interviews industry experts and executives to identify trends in the oil and gas industry - and writes about them in a public blog. He then finds investments that make money based on that information. Company information is shared only with Oil & Gas Investments subscribers in the Bulletin - they see what he's buying, when he buys it, and why.
The Oil & Gas Investments Bulletin subscription service finds, researches and profiles growing oil and gas companies. The Oil and Gas Investments Bulletin is a completely independent service, written to build subscriber loyalty. Companies do not pay in any way to be profiled. For more information about the Bulletin or to subscribe, please visit: www.oilandgas-investments.com.
Legal Disclaimer: Under no circumstances should any Oil and Gas Investments Bulletin material be construed as an offering of securities or investment advice. Readers should consult with his/her professional investment advisor regarding investments in securities referred to herein. It is our opinion that junior public oil and gas companies should be evaluated as speculative investments. The companies on which we focus are typically smaller, early stage, oil and gas producers. Such companies by nature carry a high level of risk. Keith Schaefer is not a registered investment dealer or advisor. No statement or expression of opinion, or any other matter herein, directly or indirectly, is an offer to buy or sell the securities mentioned, or the giving of investment advice. Oil and Gas Investments is a commercial enterprise whose revenue is solely derived from subscription fees. It has been designed to serve as a research portal for subscribers, who must rely on themselves or their investment advisors in determining the suitability of any investment decisions they wish to make. Keith Schaefer does not receive fees directly or indirectly in connection with any comments or opinions expressed in his reports. He bases his investment decisions based on his research, and will state in each instance the shares held by him in each company. The copyright in all material on this site is held or used by permission by us. The contents of this site are provided for informational purposes only and may not, in any form or by any means, be copied or reproduced, summarized, distributed, modified, transmitted, revised or commercially exploited without our prior written permission.
© 2009, Oil & Gas Investments Bulletin
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Investorideas.com - Senior Energy Executive Karl W. Miller Renews Calls on President Obama to Focus on America, and Start Solving Energy and Housing Problems

Investorideas.com - Senior Energy Executive Karl W. Miller Renews Calls on President Obama to Focus on America, and Start Solving Energy and Housing Problems




Senior Energy Executive Karl W. Miller Renews Calls on President Obama to Focus on America, and Start Solving Energy and Housing Problems
Energy Commentary from Karl Miller - Read Bio and More infoSubscribe: Investorideas.com Energy Newswire: http://www.investorideas.com/RSS/feeds/Energy.xml
NEW YORK - September 20, 2010 (Investorideas.com energy newswire) - Leading Independent and Senior Energy Executive Karl W. Miller, through his advisors VBCC, today renewed calls for President Obama to start listening to senior industry executives and experts, resolve the U.S. real estate crisis and put a credible national energy plan in place. According to Mr. Miller:
The U.S. economy runs on three key factors: i) a stable housing market; ii) affordable and dependable energy supply; and iii) stable employment environment. Without these three critical factors functioning properly, there will be no meaningful economic recovery in the U.S. economy.
The defunct real estate loans in the residential and commercial marketplace must be properly vetted, written down to net realizable value, and moved off the banks, hedge funds and insurance company books. The U.S. regulators must force this to happen without preference for any specific group. There will be bankruptcies, bank failures and forced liquidations; these are the cold hard facts of a capitalist society, which the U.S. economy is founded upon.
Politicians must acknowledge where the U.S. economy and energy industry are today. We have serious and deep rooted problems with no credible national energy plan in place and must start addressing these problems immediately.
The U.S. needs a credible and sensible energy policy and emissions plan. We have "abundant natural gas and other energy resources" to support our energy needs for many years into the future. It is time for Washington to take stock in America and start executing on a credible business plan.
Failure to execute is cause for termination in any business, including Washington politicians, and all things are possible in the November 2010 elections.
About Mr. Karl W. Miller:
Mr. Miller is a globally recognized energy executive and institutional investor with a balance of both financial and energy sector expertise. Mr. Miller began his career on Wall Street during the 1980s and has an extensive background in banking, commodities trading, risk management and asset energy asset acquisition and development.
Mr. Miller has a long history in the global energy business and has held a variety of executive management positions within the United States, Europe and Asia. Mr. Miller is widely viewed as an expert on distressed energy asset acquisitions and has acquired significant energy assets in the U.S. and internationally at significant discounts over his career.
Mr. Miller is an energy industry expert with focus on trading, risk management, power plant development and overall management of energy companies in the oil, natural gas and renewable sectors. Mr. Miller has built, restructured and managed energy businesses for major public energy companies on several continents, including PG&E Corporation, Electricite de France, El Paso Energy, Enron Corporation and JPMorgan Chase.
Mr. Miller holds an MBA in Finance from the Kenan-Flagler Business School at The University of North Carolina, Chapel Hill. Mr. Miller also holds a B.A. in Accounting from Catholic University located in Washington, DC.
Karl Miller Disclaimer:
Energy Commentary and Analysis from Karl Miller is the opinion of Karl Miller. Content found in the articles does not represent a recommendation of investment advice by Mr. Miller. Investors should seek the advice of a qualified investment professional prior to making any investment decisions.
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