On Sunday July 1, 2012, Mexicans went to the polls to cast their vote for president. Election authorities predict that Enrique Pena Nieto as the winner. The 45-year old former governor of the state of Tabasco, who is married to a Mexican soap opera star, was estimated to have captured approximately 38% of the vote, 7% more than his nearest
U.S. Energy Corp. (NASDAQ: USEG) is a natural resource exploration and development company with a primary focus on the exploration and development of its oil and gas assets in the Williston Basin in North Dakota and Montana, Eagle Ford Shale play in South Texas, as well as its most recent entrance into the Woodbine play in Texas. OAG 360 notes
Penn Virginia (ticker: PVA) is an exploration and production oil and gas company based in Radnor, PA with district operating offices in Houston, Pittsburgh, and Tulsa. The company has a geographically diverse portfolio of oil, NGL and natural gas assets with producing and/or prospective properties located principally in East Texas, Oklahoma, south central Texas, southern Mississippi, and Appalachia. PVA is
How is value measured? Analysts talk and write about a stock because the company creates value. Does “value” mean “cheap?” Buy low, sell high. That formula is not working with Facebook (ticker: FB) at the moment. That’s more like buy high, short sell, but we recognize that it is early for FB and its “friends.” Yahoo (ticker: YHOO) went public
A strategic inflection point was taken today by BPZ Energy (NYSE: BPZ). Joint Venture with Pacific Rubiales at Block Z-1 On April 27, 2012, BPZ formally announced a much anticipated joint venture with Pacific Rubiales Energy Corp. (TSX: PRE) to explore and develop offshore Block Z-1. Pacific Rubiales will pay BPZ $150 million in cash and has committed $185 million
Equal Energy Ltd. (TSX, NYSE: EQU) signed an agreement with Atlas Resource Partners, L.P. (NYSE: ARP) to sell 50% of its interest in approximately 14,500 net undeveloped acres prospective for Mississippian light oil for total cash consideration of approximately US$18 million, or approximately $2,482 per acre. OAG360 has seen per-acre amounts paid ranging between $1,331 to $4,425 for Mississippian-aged prospective
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
