Archive for July, 2011
NSAI Report Boosts Far East Energy's CBM Reserves in China; Getting the Gas Schwerve On!
Far East Energy Corporation (OTC BB: FEEC) announced July 25, 2011 the results of an independent engineering report prepared by Netherland, Sewell & Associates, Inc (NSAI) updating the company’s coalbed methane (CBM) net contingent resource potential and associated net contingent …
Deeper Well Test in Gabon Yield Positive Results for Harvest
On July 21, 2011 Harvest Natural Resources (ticker: HNR) provided an update on the progress of its exploration program offshore Gabon.
With efforts to test deeper zones at its Ruche discovery announced in June 2011 offshore Gabon, Harvest announced that …
BPZ Resources, Inc. Secures $75 Million Senior Secured Credit Facility
BPZ Resources, Inc. (NYSE: BPZ) announced that the company entered into a $75 million senior secured credit facility with a lending syndicate led by Credit Suisse AG Cayman Islands Branch.
Borrowings under the new facility are available for Block Z-1 …
ERHC Energy Makes Leap Onshore Africa; Announcement Closely Follows Official Extension of Phase 1 Exploration in the Joint Development Zone
ERHC Energy Inc. (OTCBB: ERHE) announced the company was awarded three oil blocks for exploration and development from the Republic of Chad. A production sharing contact (PSC) is expected as early as next week.
The specific blocks in the award …