BPZ Energy (NYSE:BPZ) announced Q4’11 and year-end 2011 financial and operational results for the period ended December 31, 2011. For the full year 2011, BPZ reported a net loss of $33.8 million, or a loss of $0.29 per share, compared to a net loss of $59.8 million, or $0.52 per share, for the same period last year.Net revenue for 2011
Magnum Hunter Resources (NYSE: MHR) announced operational and financial results for Q4’11 and fiscal year end 2011. MHR reported a Q4’11 net loss of $60.9 million or a loss of $0.46 per share, compared to a net loss of $1.9 million, or a loss of $0.03 per share during Q4’10. Revenues for the quarter totaled $49.1 million, an increase of
David Demshur, Chief Executive Officer, and Richard Bergmark, Chief Financial Officer of Core Laboratories N.V. (NYSE: CLB) presented today at EnerCom’s The Oil & Services Conference™ 10. Core Laboratories is a leading provider of proprietary and patented reservoir description, production enhancement and reservoir management services for the global petroleum industry. During the company’s breakout session, management was asked the following
Far East Energy (OTCBB: FEEC) is a coalbed methane exploration company based in Houston, Texas, focused on exploration and development in China. Marking 17 of 18 appraisal wells recording high gas content and potential, FEEC drilled an additional three successful appraisal wells located significant distances (ranging from 13.7 miles to 21 .7 miles) from the 1H Pilot Area in the
BRS Resources (TSX.V: BRS) announced its third party National Instrument 51-101 compliant report estimates as of October 31, 2011, BRS’ total recoverable reserves (1P, 2P, and 3P) across the 61,628 acre Corte dei Signori (CDS) permit area in the Po Basin of Northern Italy at 17.81 Bcf with future net revenue of $115.47 million net to the Company, discounted at
BRS Resources (TSX.V: BRS) announced that it has completed the conversion of two convertible notes in the aggregate principal amount of $6,000,000 into an aggregate of 20,000,000 common shares of BRS at a conversion price of $0.30 per share. Subscribers of the convertible notes and recipients of the common shares are two hedge funds managed by Carlson Capital L.P. Carlson
Manolo Zúñiga, President and Chief Executive Officer of BPZ Energy (NYSE: BPZ) presented today at EnerCom’s The Oil and Gas Conference® 16. BPZ Energy is an independent oil and gas exploration and production company with exclusive license contracts covering approximately 2.2 million acres in four blocks in northwest Peru. The Corvina oil field in offshore Block Z-1 is the Company’s
What’s New: Bigger and Better in the Bakken, Poised to Drill the Niobrara In two previous reports, we described Samson’s efforts to advance the development of its leasehold prospective for the Niobrara oil play in the northern Denver-Julesburg (DJ) Basin and the Bakken oil shale play in the Williston Basin, including “Getting Up to Speed” on December 29, 2010 and
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 cash flows from the resource. NSAI’s report reviewed and updated FEEC’s coalbed methane Original Gas-in-Place (OGIP) for coal seams 3,
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 and other commitments and expenses. Interest on the facility accrues at the London interbank rate (LIBOR) plus a margin of
BRS Resources LTD. (TSX.V: BRS) is a publicly traded oil and gas company headquartered in Dallas, TX, focused on aggregating a major position in Italy, where oil and gas reserves have been overlooked and under‐exploited. Through a 7% membership interest (17% after payout) in privately owned AleAnna Resources LLC, BRS Resources is uniquely positioned to grow reserves, production, cash flow
Equal Energy is an exploration and production oil and gas company based in Calgary, Alberta, Canada with its United States operations office in Oklahoma City, Oklahoma. Equal has a geographically diverse portfolio of oil and gas assets with producing properties located principally in Oklahoma, Alberta, British Columbia and Saskatchewan. Equal’s shares are listed on the Toronto Stock Exchange (TSX: EQU)
