GeoGlobal Announces Commencement of Drilling in Rajasthan
CALGARY, ALBERTA–(Marketwire – April 26, 2010) – GeoGlobal Resources Inc. (GeoGlobal or the Company) (NYSE Amex:GGR) announces today that the drilling of the first well on the Rajasthan blocks, the Rachan-1, commenced on April 21, 2010. Oil India Limited, as operator of the Exploration Block RJ-ONN-2004/3 (RJ Block 21), is drilling the Rachan-1 vertically to [...]
Petro Vista Announces Successful Development Well in Brazil
VANCOUVER, BRITISH COLUMBIA – April 12th, 2010 – (TSX-V:PTV). Petro Vista Energy Corp. (“Petro Vista” or the “Company”), is pleased to announce that the 7-TTG-1DP-SES development well on the Tartaruga Block in Brazil has been successfully drilled to a total depth of 3,445 metres. A total potential net pay interval of 101 feet (31m) minimum [...]
TAG OIL Update: March 30, 2010
A little over a month ago I wrote:
“I do caution however that any prolonged weakness the rest of this week or a failure to break through $3.75 could suggest a further sell-off down to the $2.45 level.”
Tag Oil subsequently sold up to $3.45 but was unable to challenge the $3.75 level and [...]
Petro Vista Announces New Oil Discovery in Colombia
Bogota, Colombia – March 25, 2010 – (TSX-V:PTV) Petro Vista Energy Corp. (“Petro Vista” or the “Company”), a Canadian independent oil and gas exploration company, is pleased to announce that the Morichito-5 well in Colombia has tested oil in two zones and is being completed as a future producer.
The well was drilled to a total [...]
FormCap’s Technical Team Initiates Exploration Program
Multiple Well and Seismic Program Planned to Explore Weber City Prospect
February 26th, 2010 – FORMCAP CORP’s (PINKSHEETS: FRMC.PK) technical team is initiating a comprehensive and systematic strategy to explore for oil and gas at the Company’s Weber City Prospect. A six member multi-disciplined technical team, which was assembled by Norman Mackenzie, FormCap’s Calgary based operational [...]
TAG OIL Update: February 16, 2010
On February 3, 2010 I wrote:
“As strong as the TAG OIL move has been, I am always looking for such dramatic moves expecting retracement of some of the gains. As a strictly technical opinion I fully expect that tomorrow may see TAG OIL trade higher before retracing this weeks gains and possibly trading down [...]
