Marketwire - Oil and Gas

Quest Reschedules First Quarter 2008 Earnings Conference Call

Fri, 09 May 2008 19:00:00 EDT

OKLAHOMA CITY, OK--(Marketwire - May 9, 2008) - Quest Resource Corporation (NASDAQ: QRCP) and Quest Energy Partners, L.P. (NASDAQ: QELP) today announced that they will host a conference call on Tuesday, May 20, 2008 to discuss first quarter 2008 earnings. The conference call was delayed so investors will have access to Quest Energy Partners' Form 10-Q prior to the call. The earnings press releases will be released prior to the call and be available at http://www.qrcp.net or http://www.qelp.net. Jerry D. Cash, Chairman and Chief Executive Officer, David C. Lawler, Chief Operating Officer, and David E. Grose, Chief Financial Officer will review results, discuss the outlook for the remainder of 2008, and be available for a question and answer session.

Precision Drilling Trust to Present at the Tristone Capital Energie'08 Global Energy Forum

Fri, 09 May 2008 18:22:00 EDT

CALGARY, ALBERTA--(Marketwire - May 9, 2008) - Precision Drilling Trust ("Precision") announced today that Kevin A. Neveu, Chief Executive Officer of Precision Drilling Corporation, will be presenting at the Tristone Capital energie'08 Global Energy Forum in Paris, France, on Tuesday, May 13, 2008 at 12:00 pm Paris time (4:00 am MDT). The presentation will include information concerning Precision's performance, strategy and outlook. A live webcast of the audio and a copy of the presentation will be accessible from Precision's website at www.precisiondrilling.com by selecting "Investor Centre", then "Webcasts". Shortly after the live webcast, an archived version of the webcast will be available for approximately 30 days.

Sempra Energy's Donald Felsinger to Speak at Goldman Sachs Conference May 13

Fri, 09 May 2008 17:34:00 EDT

SAN DIEGO, CA--(Marketwire - May 9, 2008) - Donald E. Felsinger, chairman and chief executive officer of Sempra Energy (NYSE: SRE), will participate in the Goldman Sachs Eighth Annual Power and Utility Conference May 13 - 14 in New York.

Felsinger will be part of a panel during the first day of the conference on May 13: "Gas Generation: Is the Value Chain Prepared?" at 3 p.m. EDT where he will discuss North America's need for infrastructure to support expected growth in natural gas-fueled generation.

ERHC Energy Inc. Reports Second Quarter 2008 Financial Results

Fri, 09 May 2008 17:29:00 EDT

HOUSTON, TX--(Marketwire - May 9, 2008) - ERHC Energy Inc. (OTCBB: ERHE), a publicly traded American company with valuable oil and gas assets in the highly prospective Gulf of Guinea off the coast of central West Africa, today reported financial results for the second quarter ended March 31, 2008.

As of March 31, 2008, ERHC reported cash assets totaling approximately $33 million, compared to approximately $36 million one year ago.

Triton Announces Appointment of Stephen Irish as Vice President, Land

Fri, 09 May 2008 17:13:00 EDT

CALGARY, ALBERTA--(Marketwire - May 9, 2008) - Triton Energy Corp. ("Triton" or the "Corporation") (TSX VENTURE:TEZ) is pleased to announce the appointment of Mr. Stephen D. Irish to the position of Vice President, Land effective June 1, 2008. Mr. Irish has over 28 years of professional negotiation and general land and contract expertise. He obtained a B.A. Degree in Geography (Geomorphology) from the University of Calgary in 1978 and is an active member of the Canadian Association of Professional Landmen. Mr. Irish began his career in 1978 as a District Landman with Dome Petroleum and went on to hold positions of increasing responsibility with Rupertsland Resources, Westburne Petroleum and Anderson Exploration. From 1989 to 2002 he was Land Manager, Deep Basin Exploration and Production at Canadian Hunter Exploration and from 2002 to 2004 he was Land Manager at Lightning Energy. Mr. Irish co-founded Greenbank Energy in 2004 where he was Vice President, Land until the company was so

Southern Pacific Resource Corp.: News Release

Fri, 09 May 2008 17:12:00 EDT

CALGARY, ALBERTA--(Marketwire - May 9, 2008) - Southern Pacific Resource Corp. ("Southern Pacific" or the "Corporation") (TSX VENTURE:STP) has, pursuant to the provisions of its stock option plan, granted a total of 1,270,000 options to its employees, management, directors and key consultants. The options have an exercise price of $1.05 per share, vest over the next 12 months, and expire on May 8, 2013. Safe Harbour This news release contains certain "forward-looking information" within the meaning of such statements under applicable securities law including: anticipated discovery of commercial volumes of bitumen, the timeline for the achievement of anticipated exploration, anticipated results from the current drilling program and, subject to regulatory approval and commercial factors, the commencement or approval of any SAGD project. Forward-looking information is frequently characterized by words such as "plan", expect", "project", "intend", "believe", "anticipate", estimate",

International PetroReal Oil Corporation Announces Non-Brokered Private Placement Financing for Canadian Investors

Fri, 09 May 2008 17:01:00 EDT

CALGARY, ALBERTA--(Marketwire - May 9, 2008) - International PetroReal Oil Corporation (TSX VENTURE:IPO) ("International PetroReal" or "the Company") is pleased to announce that, subject to regulatory approvals, the Company intends to issue, on a non-brokered private placement basis (the "Private Placement"), up to 3,750,000 common shares of the Company at $0.40 per share. The proceeds of the Private Placement financing will be directed toward repayment of a short term Loan Payable and working capital.

Zulu Energy Corp. Raises $8.0 Million in Private Placement

Fri, 09 May 2008 16:38:00 EDT

Proceeds to Fund Coalbed Methane Development Operations in Botswana, Africa

Nolen Steps Down as Cleco Corp. CFO, Davis Named Interim

Fri, 09 May 2008 16:30:00 EDT

PINEVILLE, LA--(Marketwire - May 9, 2008) - Cleco Corp. (NYSE: CNL) announced today that Kathleen Nolen, senior vice president and chief financial officer (CFO), is leaving the company effective May 31. Russell Davis, vice president and chief accounting officer, will serve as interim CFO.

Nolen will join the staff of The Rapides Foundation, a $230 million endowed charitable foundation devoted to improving the health status of central Louisiana.

Petro-Canada aide les femmes � se b�tir un meilleur avenir

Fri, 09 May 2008 15:38:00 EDT

La Soci�t� verse 1,5 million $ pour r�duire la p�nurie de main-d'oeuvre en Alberta

Petro-Canada Helps Women "Trade Up" to a Brighter Future

Fri, 09 May 2008 15:37:00 EDT

Company Contributes $1.5 Million To Help Bridge Alberta Labour Gap

AltaGas Utility Group Inc. Delivers Record First Quarter 2008 Results

Fri, 09 May 2008 15:11:00 EDT

CALGARY, ALBERTA--(Marketwire - May 9, 2008) - The Board of Directors of AltaGas Utility Group Inc. (Utility Group) (TSX:AUI) today announced net income of $4.4 million ($0.54 per share) for the first quarter of 2008, up from $3.8 million ($0.46 per share) for the first quarter of 2007. On April 16, 2008, Utility Group announced a 12.5 percent increase in its dividend to $0.045 per share, up from $0.04 per share. The dividend will be payable on July 15, 2008 to shareholders of record at the close of business on June 30, 2008.

Milagro Energy Inc. Announces Filing of Its Q1 Interim Report

Fri, 09 May 2008 14:45:00 EDT

CALGARY, ALBERTA--(Marketwire - May 9, 2008) - Milagro Energy Inc. (TSX:MIG) has filed its Q1 Interim Report including financial statements and MD&A for the three months ended March 31, 2008 on the System for Electronic Document Analysis and Retrieval ("SEDAR"). The Q1 report can be found for viewing on the SEDAR website at www.sedar.com. Milagro is an exploration and production company engaged in the acquisition, exploration, development and production of oil and natural gas reserves in western Canada.

Westcoast Energy Declares Dividends

Fri, 09 May 2008 13:07:00 EDT

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 9, 2008) - On May 9, 2008, Westcoast Energy Inc. ("Westcoast") declared the following quarterly dividends: 1. 5.50% CUMULATIVE FIRST PREFERRED SHARES, SERIES 7: A dividend of 34.375 cents per share payable on July 15, 2008 to shareholders of record at the close of business on July 1, 2008. 2. 5.60% CUMULATIVE FIRST PREFERRED SHARES, SERIES 8: A dividend of 35.00 cents per share payable on July 15, 2008 to shareholders of record at the close of business on July 1, 2008.

Gas Prices a Pain in the Wallet? Plymouth Rock Can Help!

Fri, 09 May 2008 12:37:00 EDT

Massachusetts Auto Insurer's Website Helps You Find Low Gas Prices

Aeroquest International Limited (TSX-V:AQL) Issues a Clarification of a Recent Press Release

Fri, 09 May 2008 11:18:00 EDT

MISSISSAUGA, ONTARIO--(Marketwire - May 9, 2008) - Attention business/financial editors and reporters: Further to the news release dated May 7, 2008, Aeroquest International Limited (TSX VENTURE:AQL) clarifies that the contract entered into with GX Technology Corporation (a subsidiary of ION Geophysical Corporation) to provide a fixed wing magnetic survey in excess of 100,000 line kilometers in length in the Banks Island and Beaufort Sea area of the Canadian Arctic is significant as it is the first substantive contract signed by Aeroquest as a result of Aeroquest's initiative in establishing a petroleum services group to service this industry. Aeroquest anticipates that the contract with GX Technology Corporation will represent less than 3% of total revenues for fiscal 2008.

Reef Resources Ltd. Announces Financing

Fri, 09 May 2008 10:25:00 EDT

CALGARY, ALBERTA--(Marketwire - May 9, 2008) - NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES. Reef Resources Ltd. ("Reef" or the "Company") (TSX VENTURE:REE) announces that it intends to complete a non-brokered private placement of up to 6,000,000 units of the Company ("Units") at an issue price of $0.10 per Unit for gross proceeds of up to $600,000 (the "Offering"). Each Unit will be comprised of one common share of the Company ("Common Share") and one half of one common share purchase warrant ("Warrant"). Each whole Warrant will entitle the holder thereof to purchase one Common Share at a price of $0.20 per share until the date that is twelve months from date of closing of the Offering. A finder's fee of cash equal to up to 10% of the gross proceeds of the Offering and a number of Warrants equal to up to 10% of the number of Units sold pursuant to the Offering may be paid to certain arm's length parties in connection with the Offering. Clo

Petroflow Energy Ltd. Announces April 2008 Operations Update

Fri, 09 May 2008 10:06:00 EDT

CALGARY, ALBERTA--(Marketwire - May 9, 2008) - PETROFLOW ENERGY LTD. (TSX VENTURE:PEF): Petroflow is pleased to provide this update regarding our April 2008 operational results including the current status of our Oklahoma drilling activities. Overall Operations During the month we averaged approximately 2,438 BOEs (14,628 mcfe) per day of production of which approximately 85% was gas. Our exit rate in April was 2,765 BOEs (16,590 mcfe). Overall, the daily average production for April increased by 3% over March 2008.

Force Energy Corp. Appoints Technical Advisor: Channon C. "Craig" Bourgeois

Fri, 09 May 2008 09:40:00 EDT

DENVER, COLORADO--(Marketwire - May 9, 2008) - Force Energy Corp. (OTCBB:FORC) (hereafter "Force", "the Company") is pleased to welcome Channon C. "Craig" Bourgeois of Bourgeois Energy Inc. as Technical Advisor to the Company's Board of Directors. Mr. Bourgeois brings 25 years of executive experience in all phases of Oil & Gas Exploration and Development to the Force team. Mr. Bourgeois holds a B.S. in Petroleum Geology from the University of Louisiana at Lafayette. With successes and discoveries as Geophysical Engineer, Geologist (production & exploration), District/Regional Geologist, District Manager, Manager Exploration & Production and Manager Business Support for major oil companies including Sunoco Inc. and Oryx Energy Company, Mr. Bourgeois brings a unique blend of technical competence and business acumen to the Company.

Westar Energy Announces First Quarter 2008 Results

Fri, 09 May 2008 08:43:00 EDT

Tax benefit Increases First Quarter Earnings

Ember Resources Inc. Reports 2008 First Quarter Results

Fri, 09 May 2008 08:30:00 EDT

CALGARY, ALBERTA--(Marketwire - May 9, 2008) - NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW. Ember Resources Inc. ("Ember") (TSX:EBR) announced today that it has filed its unaudited financial statements and related management's discussion and analysis ("MD&A") for the quarter ended March 31, 2008 on www.sedar.com. /T/ Financial Highlights ----------------------------------------------------------------------------

Second Wave Petroleum Acquires Milagro Energy and Completes Financings

Fri, 09 May 2008 08:30:00 EDT

CALGARY, ALBERTA--(Marketwire - May 9, 2008) - Second Wave Petroleum Ltd. ("Second Wave" or the "Company") (TSX VENTURE:SCS.A) (TSX VENTURE:SCS.B) is pleased to announce that it has acquired 68.81% of the issued and outstanding common shares (the "Milagro Shares") of Milagro Energy Inc. ("Milagro") through its wholly-owned subsidiary Second Wave Holdings Ltd. An aggregate of 115,351,518 Milagro Shares, which represents approximately 68.81% of the issued and outstanding Milagro Shares on a fully-diluted basis, were tendered by the Offer deadline and taken-up and paid for through the issuance of 3,437,483 Class A Shares of Second Wave and 3,437,483 share purchase warrants to acquire Class A Shares of Second Wave (the "Offer Warrants"). The Offer Warrants have a term of one year and may be exercised at a price of $0.40 for each Class A Share. As previously announced, Second Wave advises that the Offer has been extended until 4:30 p.m. (Calgary time) on May 23, 2008.

Unbridled Energy Corporation Closes Private Placement

Fri, 09 May 2008 08:30:00 EDT

CALGARY, ALBERTA and PITTSBURGH, PENNSYLVANIA--(Marketwire - May 9, 2008) - Unbridled Energy Corporation (TSX VENTURE:UNE)(OTCBB:UNEFF)(FRANKFURT:O4U) (the "Company") is pleased to announce that it has closed its private placement financing described in its news release of May 1, 2008. The closing consisted of the private placement of a total of 19,964,350 units (the "Units") at a price of $0.30 per Unit and 5,435,300 flow-through shares (the "Flow-Through Shares") at a price of $0.33 per Flow-Through Share for gross proceeds of CDN$7,782,954 (the "Offering"). Each Unit comprises one common share and one-half of one common share purchase warrant (a "Warrant"). Each whole Warrant will be exercisable for a period of 18 months from the closing date to acquire one additional common share at a price of $0.45 per share. The net proceeds from the sale of flow-through common shares will be used to incur exploration and development expenses which qualify as CEE under the Income Tax Act (Canada)

TUSK Energy Corporation: Financial and Operating Results for the Three Months Ended March 31, 2008

Fri, 09 May 2008 08:00:00 EDT

CALGARY, ALBERTA--(Marketwire - May 9, 2008) - TUSK Energy Corporation ("TUSK" or the "Corporation") (TSX:TSK) is pleased to announce its financial and operating results for the three months ended March 31, 2008. /T/ HIGHLIGHTS ---------------------------------------------------------------------------- Three Months Ended March 31, 2008 2007 % Change ---------------------------------------------------------------------------- ($000s, except per share amounts) F

Blaze Energy to Participate in Mirror Image Project

Fri, 09 May 2008 08:00:00 EDT

Blaze Energy to Move Forward With Environmental Energy Services, Inc.

Enterra Energy Trust Announces Positive Impact of Revised Midstream Marketing Contract

Fri, 09 May 2008 08:00:00 EDT

CALGARY, ALBERTA--(Marketwire - May 9, 2008) - Enterra Energy Trust ("Enterra" or the "Trust") has signed a new definitive midstream marketing contract with a third party midstream company that purchases production from some of the Trust's Oklahoma properties. The new contract covers approximately 18% of Enterra's gas production in Oklahoma, and has a retroactive effective date of January 1, 2008. Improved terms include an 18% improvement in effective gas pricing, which would add $9.6 million to the value of the Trust's proved plus probable reserves that were reported at our 2007 year end.

Joint Venture Nearing Completion of Natural Gas Storage Project in Louisiana, an Industrial Info News Alert

Fri, 09 May 2008 05:30:00 EDT

SUGAR LAND, TX--(Marketwire - May 9, 2008) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Liberty Gas Storage LLC is nearing completion of a natural-gas-storage cavern in Louisiana's Calcasieu and Beauregard parishes. Liberty Gas is a partnership between Sempra Pipelines & Storage (75%), a Sempra Energy (NYSE:SRE) (San Diego, California) company, and ProLiance Energy (25%) (Indianapolis, Indiana).

For details, view the entire article by subscribing to Industrial Info's Premium Industry News at http://www.industrialinfo.com/showNews.jsp?newsitemID=132453, or browse other breaking industrial news stories at www.industrialinfo.com.

RE-RELEASE: Canadian Natural Resources Limited Announces Dividend

Fri, 09 May 2008 05:05:00 EDT

CALGARY, ALBERTA--(Marketwire - May 9, 2008) - Canadian Natural Resources Limited (TSX:CNQ) (NYSE:CNQ) announces its Board of Directors has declared a quarterly cash dividend on its common shares of C$0.10 (ten cents) per common share. The dividend will be payable July 1, 2008 to shareholders of record at the close of business on June 13, 2008. Canadian Natural is a senior oil and natural gas production company, with continuing operations in its core areas located in Western Canada, the U.K. portion of the North Sea and Offshore West Africa.

RE-RELEASE: Canadian Natural Resources Limited Announces 2008 First Quarter Results

Fri, 09 May 2008 05:00:00 EDT

CALGARY, ALBERTA--(Marketwire - May 9, 2008) - Canadian Natural Resources Limited (TSX:CNQ) (NYSE:CNQ): Commenting on first quarter 2008 results, Canadian Natural's Chairman, Allan Markin stated, "It has been a good start to the year for Canadian Natural. We completed our winter drilling program in advance of spring break-up, meeting our targets. Our teams were presented with several weeks of cold weather, leading to many weather related issues. The teams rose to the challenge and delivered impressive results. At the Horizon Project, severe weather conditions factored into lower productivity. As the weather became warmer, efficiencies improved and first oil remains targeted for the third quarter of this year."

Two Power Plants Forced Offline After Wednesday's Blackout in Trinidad and Tobago, an Industrial Info News Alert

Fri, 09 May 2008 05:00:00 EDT

CORDOBA, ARGENTINA--(Marketwire - May 9, 2008) - Researched by Industrial Info Resources (Sugar Land, Texas) -- On Wednesday, a fault at one of Trinidad and Tobago's transmission lines caused a blackout, which affected the northwestern part of the country. The areas that were affected are Chaguaramas, Carenage, Diego Martin, PetitValley, Diamond Vale and Westmoorings.

For details, view the entire article by subscribing to Industrial Info's Premium Industry News at http://www.industrialinfo.com/showNews.jsp?newsitemID=132605, or browse other breaking industrial news stories at www.industrialinfo.com.

InterOil Announces Finalization of Conversion of Debt to Equity

Fri, 09 May 2008 00:28:00 EDT

TORONTO, ONTARIO--(Marketwire - May 9, 2008) - InterOil Corporation (TSX:IOL)(AMEX:IOC)(POMSoX:IOC), a Canadian company with operations in Papua New Guinea, today announced the closing of the conversion with Pacific LNG, an affiliate of Clarion Finanz A.G. (collectively, "Clarion"), which was announced on May 6, 2008. As previously announced, InterOil issued common shares to Clarion at a conversion price of $22.65, issuing approximately 2.7 million common shares in exchange for the cancellation of Clarion's U.S.$60 million share of the existing $130 million credit facility. At closing, the principal amount outstanding under this credit facility was reduced to U.S.$70 million.

Fuselier Meets and Proposes Settlement Terms With All Creditors of West Hawk

Thu, 08 May 2008 23:10:00 EDT

DENVER, COLORADO--(Marketwire - May 8, 2008) - West Hawk Development Corp. ("West Hawk") (TSX VENTURE:WHD)(FRANKFURT:H5N) (the "Company") is pleased to announce that Fuselier Holdings, LLC ("Fuselier") announced today that it has now met with all creditors of West Hawk, including at a global meeting with 29 creditors present who had filed lawsuits or made liens against West Hawk. Fuselier reports formal agreements have now been made to all creditors and that responses are expected on or before May 14th, 2008. The aggregate amount of debt addressed in these proposals to creditors total US$8.5 million; the majority of that debt has been assigned to Fuselier. The proposed agreements include terms of release by lien holders of current encumbrances against West Hawk assets.

Storm Exploration Inc. is Pleased to Announce Its Financial and Operating Results for the Three Months Ended March 31, 2008

Thu, 08 May 2008 21:41:00 EDT

CALGARY, ALBERTA--(Marketwire - May 8, 2008) - Storm Exploration Inc. (TSX:SEO) is pleased to announce Its Financial and Operating Results for the Three Months Ended March 31, 2008 /T/ Unaudited Consolidated Highlights - Thousands of $CDN except volumetric and per share Three Months to Three Months to amounts March 31, 2008 March 31, 2007 -------------------------- ----------------- ------------------ Financial G

SDG&E Honors Five Business Customers as Energy-Efficiency Leaders

Thu, 08 May 2008 20:24:00 EDT

SAN DIEGO, CA--(Marketwire - May 8, 2008) - San Diego Gas & Electric today honored five commercial customers for energy-efficiency leadership in their facility design and operations.

The U.S. Marine Corps' Camp Pendleton, Solana Beach School District, SC Engineers Inc., Hunter Industries and AC Energy Systems were named "Energy Champions" in recognition of their efforts to reduce both their energy use and impact on the environment.

"California leads the nation in energy efficiency," said Debra L. Reed, president and chief executive officer of SDG&E. "Using energy wisely to both reduce costs and the impact on the environment is frequently cited by our customers among their top priorities, and we're committed to helping them accomplish this."

Paramount Energy Trust Releases First Quarter 2008 Financial and Operating Results and Confirms May Distribution

Thu, 08 May 2008 20:00:00 EDT

CALGARY, ALBERTA--(Marketwire - May 8, 2008) - Paramount Energy Trust ("PET" or the "Trust") (TSX:PMT.UN) is pleased to release its financial and operating results for the first quarter of 2008. Strong production levels led to solid financial and operating results despite lower realized natural gas prices as compared to the first quarter of 2007. PET is also pleased to confirm that its distribution to be paid on June 16, 2008 in respect of income received by PET for the month of May 2008, for Unitholders of record on May 30, 2008, will be $0.10 per Trust Unit. The ex-distribution date is May 28, 2008. The May distribution brings cumulative distributions paid since the inception of the Trust to $12.424 per Trust Unit.

EnQuest Energy Services Corp. Announces Gateway Division

Thu, 08 May 2008 19:28:00 EDT

CALGARY, ALBERTA--(Marketwire - May 8, 2008) - EnQuest Energy Services Corp. ("EnQuest" or the "Company", "ENQ") (TSX VENTURE:ENQ) is pleased to announce the launch of materials distribution, railway transload and related trucking services from strategically located facilities through its wholly owned subsidiary, Gateway Distribution Services Ltd. ("Gateway"). Mr. David Murray, CEO of EnQuest, stated, "We are excited about our new Gateway division. It fits exceptionally well with our overall strategy for the development of North American energy services business and augments our existing OCTG operations in the United States. Our Company's growth will occur through organic development and the acquisition of mature companies within EnQuest's market focus."

Bill Barrett Corporation Announces Upcoming Investor Events

Thu, 08 May 2008 19:14:00 EDT

DENVER, CO--(Marketwire - May 8, 2008) - Bill Barrett Corporation (NYSE: BBG) management plans to participate in three upcoming events, and the Company invites you to listen via Webcast. The Webcast and presentation slides for each event may be accessed on the Company's Website homepage, at www.billbarrettcorp.com, under "Current Events" and will be available live and for replay.

Bill Barrett Corporation's Annual Meeting of Stockholders: The Company's annual meeting will be held on Tuesday, May 13, 2008 at 9:30 a.m. MDT/11:30 a.m. EDT. The meeting will be followed by a Company presentation.

Nevada Geothermal's Blue Mountain Well 58-15 Update

Thu, 08 May 2008 18:50:00 EDT

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 8, 2008) - Nevada Geothermal Power Inc. (NGP) (TSX VENTURE:NGP)(OTCBB:NGLPF) announced today the completion of Well 58-15 to a depth of 5706 feet (1740 metres) at a step-out location 0.8 miles (1.2 kilometres) from production Well 26A-14. Upon completion, the well has been confirmed as a producer with geothermal fluid production between 4675 and 5603 feet (1425 and 1708 metres). Preliminary flow tests indicate that Well 58-15 will be a high-temperature producer. The well flows unassisted at flow rates higher than previous wells and at temperatures greater than 400 degrees F (200 degrees C).

Pengrowth Energy Trust to Present at Tristone Capital Global Energy Forum in Paris

Thu, 08 May 2008 18:48:00 EDT

CALGARY, ALBERTA--(Marketwire - May 8, 2008) - Pengrowth Corporation, administrator of Pengrowth Energy Trust (TSX:PGF.UN) (NYSE:PGH), is pleased to announce that James S. Kinnear, Chairman, President and Chief Executive Officer will present at the Tristone Capital Global Energy Forum in Paris, France. Pengrowth's presentation will take place on May 15, 2008 at 11:35 AM CEDT (5:35 AM EDT) and will be available online via a live webcast. To listen to and view this online event, please visit the Webcast and Multimedia Centre on Pengrowth's website at www.pengrowth.com or the following link:

Endev Energy Inc. Announces 2008 First Quarter Results

Thu, 08 May 2008 18:26:00 EDT

CALGARY, ALBERTA--(Marketwire - May 8, 2008) - NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES. (All amounts are in Canadian dollars unless stated otherwise) Endev Energy Inc. (TSX:ENE) is pleased to announce financial and operating results for the three months ending March 31, 2008. In the first quarter, Endev made substantial progress in its strategy to add higher risk wells and lands to its opportunity inventory. Highlights of the first quarter of 2008 include:

Nexen Presents at Tristone Capital energie '08 Global Energy Forum

Thu, 08 May 2008 18:21:00 EDT

CALGARY, ALBERTA--(Marketwire - May 8, 2008) - Nexen Inc. announces that Marvin Romanow, Executive Vice President & CFO, will present at the following investor conference: /T/ Tristone Capital energie '08 Global Energy Forum - Paris, France Date: Tuesday, May 13, 2008 Time: 11:10 a.m. Local Time (5:10 a.m. Eastern Standard Time) /T/ We invite you to visit our website at www.nexeninc.com to view a live webcast of Marvin's presentation. The webcast will be archived under the Investor's section of our website.

Freehold Royalty Trust Reports Outcome of 2008 Annual Meeting of Unitholders

Thu, 08 May 2008 18:15:00 EDT

CALGARY, ALBERTA--(Marketwire - May 8, 2008) - Freehold Royalty Trust (TSX:FRU.UN) reports that Unitholders approved all of the motions described in the Information Circular - Management Proxy Statement dated March 24, 2008, at the Annual Meeting held on May 7, 2008. /T/ REPORT OF VOTING RESULTS National Instrument 51-102 - Continuous Disclosure Obligations (Section 11.3) /T/ The Scrutineers reported that there were 16 registered Unitholders and proxyholders voting in person, holding 41,175 Trust Units and that there were 88 Unitholders represented by management proxies holding 30,657,024 Trust Units. The total number of Trust Units represented in person and by proxy at the meeting was 30,698,199. This number represents 62.25% of the total number of Trust Units outstanding.

Odyssey Retains Euro Invest News, Inc. of Geneva, Switzerland as Investor Relations Consultant

Thu, 08 May 2008 17:26:00 EDT

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 8, 2008) - Odyssey Petroleum Corp. (TSX VENTURE:ODE)(FRANKFURT:YQN) is pleased to announce that it has retained Euro Invest News, Inc. ("EIN") of Geneva, Switzerland, to assist the Company in raising funds in Europe for expansion and development of Odyssey's oil and gas assets in Mississippi. EIN has extensive experience in raising capital in the major European financial centres for companies in Europe, U.S. and Canada through its extensive network of retail and institutional investors. EIN's mission is to help companies shape a sound investor relations program by disseminating accurate information and communicating pertinent corporate messages that positively influence the perceptions, attitudes, and actions of the investment community toward its clients. EIN's project management team uses their core expertise to identify, analyze and execute client investor relations strategies for emerging growth companies seeking to broaden their ex

Technicoil Corporation Announces Financial and Operating Results for the First Quarter Ended March 31, 2008

Thu, 08 May 2008 17:17:00 EDT

CALGARY, ALBERTA--(Marketwire - May 8, 2008) - NOT FOR DISTRIBUTION INTO THE UNITED STATES OR TO UNITED STATES WIRE SERVICES Technicoil Corporation (TSX:TEC) - /T/ SUMMARY OF FIRST QUARTER FINANCIAL RESULTS Three months ended March 31 ($ thousands except per share data)(unaudited) 2008 2007 ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- N

Sharpe Resources Corporation Grants Stock Options

Thu, 08 May 2008 17:15:00 EDT

HEATHSVILLE, VIRGINIA--(Marketwire - May 8, 2008) - Sharpe Resources Corporation (the 'Company') (NEX:SHO.H)(OTCBB:SHGPF) announces that it has granted options to purchase a total of 1,700,000 common shares to directors and officers of the Company. The options are exercisable at $0.10 and expire on May 8, 2013. The grant of options is subject to regulatory approval. Sharpe Resources Corporation cautions that the statements made in this press release and other forward looking statements made on behalf of the Company may be affected by such other factors including, but not limited to market volatility, competition, and other risks detailed herein and from time to time in the Securities and Exchange Commission filings of the Company.

Bordeaux Energy Inc. Files NI 51-101 Annual Oil and Gas Reports

Thu, 08 May 2008 17:14:00 EDT

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 8, 2008) - NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES - Bordeaux Energy Inc. (TSX VENTURE:BDO) (the "Company") announces that it has filed with the applicable Canadian securities administrators the annual disclosure and reports relating to the Company's oil and gas activities for the year ended December 31, 2007, as required by National Instrument 51-101, Standards of Disclosure for Oil and Gas Activities. Copies of the filed documents may be obtained on SEDAR under the Company's profile at www.sedar.com or by contacting the Company.

NuVista Energy Ltd.: Announces Q1 2008 Results

Thu, 08 May 2008 17:10:00 EDT

CALGARY, ALBERTA--(Marketwire - May 8, 2008) - NuVista Energy Ltd. (TSX:NVA) is pleased to announce its financial and operating results for the three months ended March 31, 2008 as follows: /T/ ---------------------------------------------------------------------------- Corporate Highlights ---------------------------------------------------------------------------- Three Months ended March 31, 2008 2007 % Change -

AltaGas Appoints New Member to Board of Directors

Thu, 08 May 2008 17:10:00 EDT

CALGARY, ALBERTA--(Marketwire - May 8, 2008) - AltaGas Income Trust (AltaGas or the Trust) (TSX:ALA.UN) today announced the appointment of Hugh A. Fergusson, B.A., LLB, ICD.D, to the Board of Directors of AltaGas General Partner Inc., effective May 7, 2008. Mr. Fergusson is currently a board member for Provident Energy Trust, Canexus Income Trust and the Alberta Electric System Operator. He was also a board member with Taylor NGL Limited Partnership from 2005 to 2008. "I am happy to welcome Mr. Fergusson to the Board of Directors of AltaGas," said David Cornhill, Chairman and CEO of AltaGas. "Mr. Fergusson brings a wealth of energy industry experience and I am confident he will make a positive contribution to our Board as we position AltaGas for continued growth."

Palo Duro Energy Inc. Files NI 51-101 Annual Oil & Gas Reports

Thu, 08 May 2008 17:08:00 EDT

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 8, 2008) - NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH US NEWSWIRE SERVICES Palo Duro Energy Inc. ("Palo Duro" or the "Company") (TSX VENTURE:PDE) announces that it has filed with the applicable Canadian securities administrators the annual disclosure and reports relating to the Company's oil and gas activities for the year ended December 31, 2007, as required by National Instrument 51-101, Standards of Disclosure for Oil and Gas Activities. Copies of the filed documents may be obtained on SEDAR under the Company's profile at www.sedar.com or by contacting the Company.

Canadian Natural Resources Limited Announces Dividend

Thu, 08 May 2008 17:05:00 EDT

CALGARY, ALBERTA--(Marketwire - May 8, 2008) - Canadian Natural Resources Limited (TSX:CNQ) (NYSE:CNQ) announces its Board of Directors has declared a quarterly cash dividend on its common shares of C$0.10 (ten cents) per common share. The dividend will be payable July 1, 2008 to shareholders of record at the close of business on June 13, 2008. Canadian Natural is a senior oil and natural gas production company, with continuing operations in its core areas located in Western Canada, the U.K. portion of the North Sea and Offshore West Africa.

Canadian Natural Resources Limited Announces 2008 First Quarter Results

Thu, 08 May 2008 17:00:00 EDT

CALGARY, ALBERTA--(Marketwire - May 8, 2008) - Canadian Natural Resources Limited (TSX:CNQ) (NYSE:CNQ): Commenting on first quarter 2008 results, Canadian Natural's Chairman, Allan Markin stated, "It has been a good start to the year for Canadian Natural. We completed our winter drilling program in advance of spring break-up, meeting our targets. Our teams were presented with several weeks of cold weather, leading to many weather related issues. The teams rose to the challenge and delivered impressive results. At the Horizon Project, severe weather conditions factored into lower productivity. As the weather became warmer, efficiencies improved and first oil remains targeted for the third quarter of this year."

Provident Announces 2008 First Quarter Results and May Distribution

Thu, 08 May 2008 16:26:00 EDT

CALGARY, ALBERTA--(Marketwire - May 8, 2008) - Provident Energy Trust (TSX:PVE.UN) (NYSE:PVX) - All values are in Canadian dollars and conversions of natural gas volumes to barrels of oil equivalent (boe) are at 6:1 unless otherwise indicated. "Provident had an outstanding first quarter," said Provident President and Chief Executive Officer, Tom Buchanan. "Strong commodity prices and our high quality diversified energy assets combined to deliver funds flow from operations of over $180 million resulting in a payout ratio of 59 percent for the first quarter."

Ballard Power Systems and ACME Group Sign Multi-Year Fuel Cell Supply Agreement for Wireless Telecom Backup Power Solution in India

Thu, 08 May 2008 16:05:00 EDT

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 8, 2008) - Ballard Power Systems (TSX:BLD)(NASDAQ:BLDP), a world leader in clean energy fuel cell products, today announced that it has signed a multi-year supply agreement with an affiliate of the ACME Group (ACME), a leading provider of telecommunications infrastructure solutions in India, to provide fuel cells for backup power in the wireless telecom market. The supply agreement imposes mutual exclusivity on both companies for the India wireless telecom backup power market through 2010, subject to certain conditions. Although the agreement does not specify minimum volumes, in order to maintain its right to exclusivity, ACME must order at least 22.7 megawatts (MW) of fuel cell products through 2010, specifically 0.1 MW, 3.3 MW and 19.3 MW in 2008, 2009 and 2010, respectively. Ballard will supply the company's existing Mark1020(TM) ACS fuel cell product as well as a new liquid-cooled reformate-capable fuel cell product currently in dev

Fairborne Energy Mails Offer for Grand Banks Shares

Thu, 08 May 2008 15:31:00 EDT

CALGARY, ALBERTA--(Marketwire - May 8, 2008) - Fairborne Energy Ltd. ("Fairborne") (TSX:FEL) and Grand Banks Energy Corporation ("Grand Banks") (TSX VENTURE:GBE) jointly announce that Fairborne has mailed its formal offer documents to holders of outstanding securities of Grand Banks in connection with an offer to acquire all of the outstanding common shares of Grand Banks (the "Grand Banks Shares") for $2.90 cash per share (including any Grand Banks Shares issued on exercise of outstanding options prior to the expiry time of the offer (the "Offer"). The Offer will remain open for acceptance until 4:30 p.m. (Calgary time) on June 12, 2008, unless withdrawn or extended. The Offer is conditional upon, among other things, at the expiry time of the Offer, and at the time Fairborne first takes up Grand Banks Shares under the Offer, there being validly deposited under the Offer and not withdrawn at least 66 2/3% of the outstanding Grand Banks Shares (calculated on a diluted basis) other than

Trican Announces Retirement of Victor Stobbe From Board of Directors

Thu, 08 May 2008 15:19:00 EDT

CALGARY, ALBERTA--(Marketwire - May 8, 2008) - At its Annual General Meeting yesterday, Trican Well Service Ltd. (TSX:TCW) announced the retirement of Victor J. Stobbe from its Board of Directors. "Victor has been an integral part of our Board since this Company first went public in 1996," said Murray L. Cobbe, Trican's President and Chief Executive Officer. "His contribution as a Director and as Chair of our Audit Committee has been invaluable and he will certainly be missed. We wish Victor all the best in his retirement."

EESV Names Houston Drilling Management as Drilling Manager

Thu, 08 May 2008 14:33:00 EDT

Houston Drilling Management Retained as Drilling Manager and Working Interest Partner

Spectra Energy Canada Exchangeco Inc. Declares Quarterly Dividend

Thu, 08 May 2008 14:13:00 EDT

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 8, 2008) - Spectra Energy Canada Exchangeco Inc. ("Exchangeco"), a subsidiary of Spectra Energy Corp, today declared a quarterly cash dividend of CDN $0.22 on its Duke Energy Exchangeable shares (TSX:SPT.A) payable on June 16, 2008 to shareholders of record on the close of business May 19, 2008. All dividends paid or deemed for Canadian federal, provincial or territorial income tax purposes by Exchangeco including the dividend above are designated eligible dividends pursuant to Subsection 89(14) of the Income Tax Act (Canada) or similar provincial or territorial legislation. This designation will apply to all such dividends paid or deemed paid in the future unless otherwise notified by Exchangeco. An eligible dividend received by a Canadian resident individual shareholder is entitled to the enhanced dividend tax credit.

Nitro Petroleum, Inc. Announces Crown Lease Update

Thu, 08 May 2008 14:04:00 EDT

OKLAHOMA CITY, OKLAHOMA--(Marketwire - May 8, 2008) - Nitro Petroleum, Inc. (OTCBB:NTRO) - Nitro Petroleum, Inc. reports today on the progress of the companies Crown Lease in Oklahoma. The company completed all the rework operations on the Crown # 1 as of May 2, 2008. This well should be online and producing in the next few days. The Crown # 3 well will be fully complete and online shortly as well. All wells including the Disposal well had electrical transformers installed as of May 7, 2008. Nitro is the Operator and will be announcing the Initial Production numbers of these wells in the near future.

Sabretooth Energy Ltd. Announces New Strategic Direction

Thu, 08 May 2008 13:13:00 EDT

Sabretooth Energy Provides Operational and Financial Update; Intent to Focus on Montney Exploration and Development

Total Energy Services Trust Announces Q1 2008 Results and Increased 2008 Capital Expenditure Budget

Thu, 08 May 2008 13:07:00 EDT

CALGARY, ALBERTA--(Marketwire - May 8, 2008) - Total Energy Services Trust (TSX:TOT.UN) ("Total Energy" or the "Trust") announces its consolidated financial results for the three months ending March 31, 2008. /T/ Financial Highlights ($000's except per unit data) Three Months Ended March 31 (Unaudited) 2008 2007 % Change ------------------------------------- R

WesternZagros Commences Drilling in Kurdistan

Thu, 08 May 2008 12:43:00 EDT

CALGARY, ALBERTA--(Marketwire - May 8, 2008) - NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES WesternZagros Resources Ltd. (TSX VENTURE:WZR) ("WesternZagros") is pleased to announce today that it has commenced drilling at Sarqala-1. The well is planned to target four potential reservoirs zones, reaching a total depth of approximately 4,800 metres. Sarqala-1 is expected to take between 120 and 130 days to drill. "We are very excited about spudding our first well in Kurdistan," said Simon Hatfield, President of WesternZagros. "This is a momentous achievement for the Company and it is a result of the spirit of cooperation between the Kurdistan Regional Government and WesternZagros. Sarqala-1 is the first well of a multi-well drilling exploration program planned over the next three years."

Dorchester Minerals, L.P. Announces First Quarter Results

Thu, 08 May 2008 12:13:00 EDT

DALLAS, TX--(Marketwire - May 8, 2008) - Dorchester Minerals, L.P. (NASDAQ: DMLP) (the "Partnership") announced today the Partnership's net earnings for the first quarter ended March 31, 2008 of $15,410,000, or $0.53 per common unit.

A comparison of results for the periods ending March 31, 2008 and March 31, 2007 are set forth below:


                                                    Three Months Ended
                                                        March 31,
                                                --------------------------
                                                    2008          2007
                                                ------------  ------------
Operating Revenues                              $ 21,272,000  $ 14,714,000
Depletion and Amortization                        (3,790,000)   (3,821,000)
All Other Expenses, Net                           (2,072,000)   (1,770,0

Inter Pipeline Fund Announces May 2008 Cash Distribution

Thu, 08 May 2008 11:26:00 EDT

CALGARY, ALBERTA--(Marketwire - May 8, 2008) - Inter Pipeline Fund (Inter Pipeline) (TSX:IPL.UN) announced today the declaration of a cash distribution of $0.07 per unit for May 2008. This distribution will be paid on or about June 16th to unitholders of record on May 30, 2008. The monthly cash distribution rate of $0.07 per unit is subject to periodic review by the Board of Directors of Inter Pipeline's General Partner. Over the past several years, Inter Pipeline has been successful in maintaining stable and increasing levels of distributions to unitholders.

Inter Pipeline Fund Announces Strong First Quarter 2008 Results

Thu, 08 May 2008 11:26:00 EDT

CALGARY, ALBERTA--(Marketwire - May 8, 2008) - Inter Pipeline Fund (Inter Pipeline) (TSX:IPL.UN) announced today its financial and operating results for the three month period ended March 31, 2008. Highlights - Funds from operations (1) increased 38.3% to $75.8 million, compared to the same quarter a year ago - Attractive first quarter payout ratio before sustaining capital (1) of 61.3%, compared to 77.4% in the first quarter of 2007 - Generated net income of $60.1 million, representing an increase of 145% compared to first quarter results of last year

Argenta Confirms Commercial Flow of Oil and Adds Gas Discovery in Loma El Divisadero

Thu, 08 May 2008 10:29:00 EDT

TORONTO, ONTARIO--(Marketwire - May 8, 2008) - NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. Argenta Oil & Gas Inc. ("Argenta") (TSX VENTURE:AZA) is pleased to announce the successful test of the Chorreado reservoir in well LEDO x-2. Test results and log analysis in this well indicate the presence of an oil reservoir with net pay of approximately 52 feet and a gas cap with net pay of approximately 49 feet for Chorreado Member. The results substantiate the Company's most likely estimates from interpretation of the size of the prospect from 3D seismic. This is the latest Chorreado formation discovery in the Neuquen Basin in Argentina and could hold significant reserves. Details of the technical features of the discovery are posted on the Company's website at www.argentaoilandgas.com. The Company is currently in the process of putting the LEDO x-2 well into commercial production.

New Colombia Deal Expands Latin American Market for Ethos Environmental

Thu, 08 May 2008 10:09:00 EDT

Major New User Will Bring Benefits of Ethos FR to Colombian Environment

Woodchips for Energy; Green Energy Resources Targets 15% Market Share of Growing Northeast US Biomass Markets and Looks to Develop a Green BioEnergy Port in New York City Area

Thu, 08 May 2008 09:57:00 EDT

NEW YORK, NY--(Marketwire - May 8, 2008) - Green Energy Resources (PINKSHEETS: GRGR) has targeted the Northeast US for supply contracts. The current market is approximately 1.5 million tons valued under $40 million dollars and is expected to quadruple within the next 3 years to over $500 million dollars with the addition of several new well publicized biomass, ethanol and wood pellet plants. Green Energy Resources has set a goal of 15% market share over the next 5 years.

ERHC Energy Releases Q&A With Vice President Corporate Development

Thu, 08 May 2008 09:45:00 EDT

HOUSTON, TX--(Marketwire - May 8, 2008) - ERHC Energy Inc. (OTCBB: ERHE), an American company with valuable oil and gas assets in the highly prospective Gulf of Guinea, today released the following interview with David Bovell, vice president corporate development with ERHC. The discussion covered issues related to Mr. Bovell's responsibilities, including expanding the Company's assets through acquisitions and exploring various stock exchange listing alternatives.

Montello Announces Completion Plans For The Morgan Highpoint Project

Thu, 08 May 2008 09:00:00 EDT

CALGARY, ALBERTA--(Marketwire - May 8, 2008) - Montello Resources Ltd. (TSX VENTURE:MEO) ("Montello"), as Operator of the Morgan Highpoint Project, is pleased to announce that after resolving a number of common operational start-up issues, have conducted an extended production test on the Morgan Highpoint #3 Well. In less than 10 full days of production Montello has recovered in excess of 800 barrels of light sweet high gravity oil from its 6.25 inch well bore. After analyzing the logs, including the Weatherford Fracture Imaging Log that was run on the Morgan Highpoint #5 Well, as well as the geological data recently obtained from its 5 wells and the extended production test, Montello has now confirmed the presence of an extensive fracture network which explains why the daily production rate in the Morgan Highpoint #3 Well has sharply declined to approximately 15 barrels of oil per day which mirrors the decline rates recorded on other wells drilled to a similar depth in the southern po

Sabretooth Energy Ltd. Announces New Strategic Direction

Thu, 08 May 2008 09:00:00 EDT

Sabretooth Energy Provides Operational and Financial Update; Intent to Focus on Montney Exploration and Development

Altai Resources Inc. Closed $1.9 Million Financing

Thu, 08 May 2008 08:45:00 EDT

TORONTO, ONTARIO--(Marketwire - May 8, 2008) - Altai Resources Inc. (TSX VENTURE:ATI)(IN U.S.A.:SEC. RULE 12g3-2(b) FILE # 82-2950) ("Altai" or "Company") is pleased to announce that it has closed a non-brokered private placement subject to the final approval of the TSX Venture Stock Exchange. The private placement of 2,000,000 common share units at a price of $0.95 per unit has been closed for gross proceeds of $1.9 million. 200,000 units were subscribed by a director of Altai and 200,000 units by a company that is controlled by that Altai director. Each unit consists of one common share and one-half common share purchase warrant. Each whole warrant entitles the holder to acquire one common share at a price of $1.25 per share within a period of 12 months.

Bridge Resources Corp. Provides Drilling Update on Durango Well

Thu, 08 May 2008 08:36:00 EDT

CALGARY, ALBERTA--(Marketwire - May 8, 2008) - Bridge Resources Corp. (TSX VENTURE:BUK) ("Bridge") is pleased to announce that the Bridge North Sea Ltd Durango 48/21a-4z well has confirmed highly porous gas bearing reservoir. The top of the Leman Sand reservoir was penetrated on prognosis four feet high to the original 1967 48/21-1 discovery well located 350m east that tested 20.8 mmcfgd and 628 bopd. The sand in the current well has excellent reservoir properties from logging- while-drilling results coupled with high C1 through C5 gas shows.

Crew Energy Issues 2008 First Quarter Financial and Operating Results

Thu, 08 May 2008 08:30:00 EDT

CALGARY, ALBERTA--(Marketwire - May 8, 2008) - Crew Energy Inc. (TSX:CR) of Calgary, Alberta is pleased to present its operating and financial results for the three month period ended March 31, 2008. Highlights - First quarter production averaged a record 10,614 boe per day, an increase of 55% over the first quarter of 2007; - Production per share increased 20% over the first quarter of 2007; - Funds from operations for the first quarter set a record of $29.0 million, a 71% increase over the first quarter of 2007 while funds from operations per share was up 32% to $0.54 per share;

QuestAir Prices Public Offering

Thu, 08 May 2008 08:18:00 EDT

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 8, 2008) - THIS NEWS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR TO ANY UNITED STATES NEWS SERVICES. QuestAir Technologies Inc. ("QuestAir" or the "Company") (TSX:QAR)(AIM:QAR) today announces that it has entered into an underwriting agreement with Clarus Securities Inc. and Canaccord Capital Corporation (the "Underwriters") and will file its final prospectus to offer 60,000,000 subscription receipts at a price of CDN $0.15 per subscription receipt. The total gross proceeds from the offering will be CDN $9 million. Each subscription receipt will be exchangeable into one unit consisting of one common share in the capital of the Company and one common share purchase warrant. Each warrant entitles the holder to purchase one common share for a period of 24 months from the date of closing of the offering at a price of CDN $0.215. The exchange of subscription receipts for units will occur automatically upon receipt of shareho

Monogram Energy, Inc. Interview With Jordan Kimmel

Thu, 08 May 2008 08:00:00 EDT

RICHMOND, TX--(Marketwire - May 8, 2008) - Monogram Energy, Inc. (PINKSHEETS: MGRN), an independent energy company engaged in the acquisition, development, and exploitation of oil and gas properties, is proud to announce that CEO Billy King will be interviewed by Jordan Kimmel on his highly successful radio show, "Profitable Investing." The live interview will take place on Thursday May 08, 2008 at 11:45 AM EST and will be aired at http://www.modavox.com/VoiceAmericaBusiness/.

El Paso Pipeline Partners Reports First Quarter Results

Thu, 08 May 2008 07:45:00 EDT

HOUSTON, TX--(Marketwire - May 8, 2008) - El Paso Pipeline Partners, L.P. (NYSE: EPB) is reporting today first quarter 2008 financial and operational results for the partnership.

Highlights:

--  Net Income of $27.6 million -- up from $10.1 million in 2007
--  Earnings of $0.32 per common unit
--  Cash available for distribution of $24.9 million
--  Declared quarterly cash distribution of $0.28750 per unit
--  Kanda lateral expansion placed in-service

El Paso Corporation Reports 83 Percent Increase in First Quarter Adjusted EPS

Thu, 08 May 2008 07:30:00 EDT

HOUSTON, TX--(Marketwire - May 8, 2008) - El Paso Corporation (NYSE: EP) is reporting today first quarter 2008 financial and operational results for the company.

Highlights:

--  $0.29 earnings per diluted share from continuing operations versus a
    loss of $0.08 in 2007
--  Pipeline earnings before interest expense and taxes (EBIT) and
    throughput up 5 percent and 7 percent, respectively, from first quarter
    2007
--  Exploration & Production (E&P) EBIT up 35 percent versus first quarter
    2007
--  Production, including unconsolidated affiliate volumes, totaled 886
    million cubic feet equivalent per day (MMcfe/d) -- an 8 percent increase
    over first quarter 2007
--  Expanded hedge position for 2008 and 2009. Oil hedges for 2009 ensure
    approximately $105 million of incremental revenues versus 2008.

Refining Industry Drives $13 Billion in Third-Quarter Great Lakes Spending, an Industrial Info News Alert

Thu, 08 May 2008 06:30:00 EDT

SUGAR LAND, TX--(Marketwire - May 8, 2008) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Construction activity will continue to blossom in the Great Lakes region in the second half of summer. During the second quarter, the beginning of the prime construction period, $20 billion worth of project activity -- capital or maintenance -- is expected to begin construction in the region. In the third quarter, spending will decrease slightly with just more than $13 billion. This is almost exactly the same amount of construction activity that occurred in the same period last year. With the downward turn the economy has taken, it is remarkable that spending will remain consistent, especially in a region tied so heavily to the blue-collar workforce.

Universal Energy Group Ltd. Announces Date for Fiscal 2008 Second Quarter Financial Results and Investor Conference Call

Thu, 08 May 2008 06:00:00 EDT

TORONTO, ONTARIO--(Marketwire - May 8, 2008) - Universal Energy Group Ltd. ("Universal Energy Group") (TSX:UEG) today announced that it will issue its second quarter financial results for fiscal 2008 on Wednesday, May 14, 2008, before the market opens. The company will host a conference call to discuss its financial results at 11:00 a.m. ET. Gary J. Drummond, Executive Chairman, Mark L. Silver, President, Electricity and Gas Marketing, Tim J. LaFrance, President, Terra Grain Fuels and Stephen Plummer, Chief Financial Officer will discuss the company's financial results and performance.

Ecuador's Esmeraldas Refinery Restarting Continuous Catalytic Reformer, an Industrial Info News Alert

Thu, 08 May 2008 05:30:00 EDT

CORDOBA, ARGENTINA--(Marketwire - May 8, 2008) - Researched by Industrial Information Resources (Sugar Land, Texas) -- The continuous catalytic reformer (CCR) at Petroecuador's (Quito, Ecuador) 110,000-barrel-per-day (BBL/d) Esmeraldas refinery is being restarted after a compressor problem forced it to shut down on April 18, 2008.

For details, view the entire article by subscribing to Industrial Info's Premium Industry News at http://www.industrialinfo.com/showNews.jsp?newsitemID=132551, or browse other breaking industrial news stories at www.industrialinfo.com.

Kuwait Facing Multibillion-Dollar Cost Escalations in Upgrade Projects and New Refineries, an Industrial Info News Alert

Thu, 08 May 2008 05:00:00 EDT

JOHANNESBURG, SOUTH AFRICA--(Marketwire - May 8, 2008) - Researched by Industrial Info Resources (Sugar Land, Texas) -- The steep escalation of project costs in the Middle East, and throughout the world, is reflected in upgrade projects and new refineries in Kuwait. Not long ago, projects with total investments of $3 billion to $6 billion were considered to be top of the range. Now a scan of projects being launched in the region, and/or having their budgets reviewed upwards, will identify a significant number over $10 billion.

Duvernay Achieves Record Production Levels, Expands 2008 Capital Program

Thu, 08 May 2008 02:01:00 EDT

CALGARY, ALBERTA--(Marketwire - May 8, 2008) - Duvernay Oil Corp. (TSX:DDV) - HIGHLIGHTS - Record quarterly production of 24,102 boepd a 15% increase over first quarter 2007. - Current daily production level of 27,500 boepd. - Record quarterly cash flow of $73.2 million, an increase of 15% over first quarter 2007. - An expanded post break-up EP program that is expected to deliver an incremental 100 mmcfpd by April 2009. - The Company's first four horizontal Montney gas wells tested at rates in excess of 5.0 mmcfpd, an additional 35 horizontals are planned in next 9 months.

Delphi Energy Reports Continued Growth in Q1 2008

Thu, 08 May 2008 02:01:00 EDT

CALGARY, ALBERTA--(Marketwire - May 8, 2008) - Delphi Energy Corp. ("Delphi" or the "Company") is pleased to announce its financial and operational results for the quarter ended March 31, 2008. First Quarter 2008 Highlights - Achieved record production of 6,056 barrels of oil equivalent per day (boe/d), an increase of 40 percent over the same period in 2007. This exceeds Delphi's guidance of 6,000 boe/d. - Generated first quarter funds from operations (cash flow) of $17.1 million ($0.25 per share), a 60 percent increase over $10.7 million ($0.17 per share) in the comparative quarter of 2007.

Operations Update, Taribani Field Unit

Thu, 08 May 2008 02:00:00 EDT

HOUSTON, TX--(Marketwire - May 8, 2008) - Frontera Resources Corporation (London Stock Exchange, AIM Market - Symbol: FRR; OTCQX Market, U.S.A. - Symbol: FRTE), an independent oil and gas exploration and production company, today announced an update of its operations at the Taribani Field Unit within Block 12, Georgia.

After the successful completion of fracing operations at the Dino #2 development well during the last week of April, as previously reported, the flowing well was brought under control, production tubing was set and the well was completed on May 3. During subsequent initial production testing, early results have indicated that the well is flowing at sustainable rates with no associated flow of sediment.

Daylight Resources Trust Reports First Quarter 2008 Financial and Operating Results- Trust Increases Capital Program and Boosts Production Guidance Based on Strong Drilling and Financial Results

Wed, 07 May 2008 23:38:00 EDT

CALGARY, ALBERTA--(Marketwire - May 7, 2008) - Daylight Resources Trust (TSX:DAY.UN) - MESSAGE TO UNITHOLDERS Daylight Resources Trust ("Daylight" or the "Trust") is pleased to report financial and operating results for the three months ended March 31, 2008 ("Q1 2008"). The Trust continues to build on positive financial and operating momentum established during the last half of 2007. DAYLIGHT RESOURCES TRUST - HIGHLIGHTS Q1 2008 Drilling Program Exceeds Expectations, Drives Current Production to over 22,000 Boe per day

Bronco Provides Operations Update and Independent Resource Estimates

Wed, 07 May 2008 22:01:00 EDT

CALGARY, ALBERTA--(Marketwire - May 7, 2008) - Bronco Energy Ltd. ("Bronco" or the "Company") (TSX:BCF) provides an operational update and announces that it has received additional independent engineering resource estimates for the Upper and Middle Wabiskaw Formations, on lands under lease by Bronco at Wabasca, Alberta. Bronco's 11-01-080-23W4M oil battery processing facility ("battery") is treating oil to sales quality specification, which is presently being trucked to markets on a daily basis. Since start up there have been some limitations with the battery's two inlet tanks, and minor corrective modifications will be completed within the next two weeks that will increase emulsion throughput. Current production is restricted to approximately 600 barrels of oil per day ("bopd") from 6 producing wells. Restricted peak field production has reached approximately 1,300 bopd from 20 wells at various stages of start up and optimization. Individual production rates from several wells, inc

Harvest Energy Announces First Quarter 2008 Results and Continues C$0.30 Monthly Distribution

Wed, 07 May 2008 21:33:00 EDT

CALGARY, ALBERTA--(Marketwire - May 7, 2008) - Harvest Energy (TSX:HTE.UN) (NYSE:HTE) ("Harvest") today announces the release of its first quarter 2008 financial and operating results. The unaudited financial statements, notes and MD&A pertaining to the period ended March 31, 2008 are filed on SEDAR at www.sedar.com and are available on Harvest's website at www.harvestenergy.ca. All figures reported herein are Canadian dollars unless otherwise stated. Corporate Highlights: - Cash from Operating Activities before changes in non-cash working capital and asset retirement obligations was $185.4 million ($1.24 per Trust Unit) for the period, and $128.1 million ($0.85 per Trust Unit) after these items;

Canadian Superior's "Bounty" Well Offshore Trinidad Poised to Reach Total Depth in Approximately 30 Days

Wed, 07 May 2008 20:15:00 EDT

CALGARY, ALBERTA--(Marketwire - May 7, 2008) - Canadian Superior Energy Inc. ("Canadian Superior" or the "Company") (TSX:SNG) (AMEX:SNG) announced today that Canadian Superior, along with its partners, BG International Limited ("BG"), a wholly owned subsidiary of the BG Group plc (LSE:BG.L) and Challenger Energy Corp. ("Challenger") (TSX VENTURE:CHQ)(AMEX:CHQ) has now reached a total depth of 14,415 feet subsea in the "Bounty" well on the 78th day since spud, and is expected to reach its final total depth ("TD") of approximately 18,000 feet subsea in about 30 days. The "Bounty" well was spudded on February 20, 2008 and is being drilled on the "Intrepid" Block 5(c) on a separate prospect from the "Victory" well natural gas discovery announced on January 14, 2008, located approximately 2.2 miles away.

Galloway Energy Inc. (GWGI) Announces Majority Interest in Gold Exploration Property Acquisition

Wed, 07 May 2008 18:45:00 EDT

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 7, 2008) - Galloway Energy Inc. (PINK SHEETS:GWGI), "The Company", is pleased to announce that it has entered into a formal Letter of Intent (LOI) to acquire a majority working interest in a gold and silver exploration property. This initial exploration property is in keeping with the company's objective of defining and acquiring interests in underdeveloped and overlooked properties that are now deemed economical due to significant global increases in both demand and prices of commodities.

Paramount Resources Ltd. Financial and Operating Results for the Three Months Ended March 31, 2008

Wed, 07 May 2008 18:22:00 EDT

CALGARY, ALBERTA--(Marketwire - May 7, 2008) - Paramount Resources Ltd. (TSX:POU) ("Paramount" or the "Company") announces its financial and operating results for the three months ended March 31, 2008. /T/ FINANCIAL AND OPERATING HIGHLIGHTS (1) ($ millions, except as noted) March 31, December 31, Change% Three Months Ended 2008 2007 ---------------------------------------------------------------------------- F

Marksmen Announces Stock Option Issuance

Wed, 07 May 2008 17:45:00 EDT

CALGARY, AB--(Marketwire - May 7, 2008) - Peter Malenica, President and Chief Executive Officer of Marksmen Resources Ltd. (TSX VENTURE:MA) ("Marksmen") announces that, subject to regulatory approval, it has granted 750,000 options as follows: A total of 250,000 options to purchase common shares of Marksmen ("Options") were granted to a director of Marksmen at an exercise price of $0.10 and with an expiry date of May 7, 2013. A total of 500,000 options were granted to an officer of Marksmen at an exercise price of $0.10 and with an expiry date of May 7, 2013.

Aeroquest International Limited (TSX VENTURE:AQL) Announces the Signing of a Significant Petroleum Services Contract

Wed, 07 May 2008 16:15:00 EDT

MISSISSUAGA, ONTARIO--(Marketwire - May 7, 2008) - Attention business/financial editors and reporters: Aeroquest International Limited (TSX VENTURE:AQL) announced today that it has entered into a significant contract as a part of its recently established Petroleum Services initiative. Aeroquest Limited, a subsidiary of Aeroquest International, has entered into a contract with GX Technology Corporation (a subsidiary of ION Geophysical Corporation) to provide a fixed wing magnetic survey in excess of 100,000 line kilometers in length in the Banks Island and Beaufort Sea area of the Canadian Arctic. The airborne data collected by Aeroquest will assist ION's seismic programs aimed at delineating portions of the Beaufort-Mackenzie Basin, Banks Basin, Sverdrup Basin and the Arctic Costal Margin in pursuit of hydrocarbon exploration.

Toro Ventures, Inc. Successfully Completes the Rework Program on the Crown Oil and Gas Lease #1; Toro Has Moved From an Exploration-Based Company to a Producing Oil and Gas Company

Wed, 07 May 2008 16:00:00 EDT

SEATTLE, WA--(Marketwire - May 7, 2008) - Toro Ventures, Inc. (OTCBB: TORO) is pleased to announce that the rework program on the Crown Lease #1 is complete. We were able to complete all the rework operations on the Crown #1 as of May 2, 2008. This well should be online and producing within days. The Crown #3 will be fully complete and online this week as well.

Frederick Graham, President and CEO of Toro, stated that, "This is another major leap forward for Toro. The rework program has been completed on our first lease. This week we plan on putting both wells online and updating shareholders with our initial production numbers. The timeframe with which Toro has been able to go from an exploration-based company to now a producing company demonstrates the Company's ability to meet project milestones."

Teekay Offshore Partners L.P. Announces First Quarter 2008 Earnings Conference Call

Wed, 07 May 2008 15:21:00 EDT

HAMILTON, BERMUDA--(Marketwire - May 7, 2008) - Teekay Offshore Partners L.P. (NYSE:TOO) plans to release its financial results for the quarter after market close on Wednesday, May 14, 2008. The Partnership plans to host a conference call on Friday, May 16, 2008 at 12:00 p.m. (ET) to discuss the results for the first quarter of 2008. All unitholders and interested parties are invited to listen to the live conference call by choosing any of the following options: - By dialing (866) 322-1159 or (416) 640-3404 if outside North America;

Teekay LNG Partners L.P. Announces First Quarter 2008 Earnings Conference Call

Wed, 07 May 2008 15:19:00 EDT

HAMILTON, BERMUDA--(Marketwire - May 7, 2008) - Teekay LNG Partners L.P. (NYSE:TGP) plans to release its financial results for the quarter after market close on Wednesday, May 14, 2008. The Partnership plans to host a conference call on Friday, May 16, 2008 at 11:00 a.m. (ET) to discuss the results for the first quarter of 2008. All unitholders and interested parties are invited to listen to the live conference call by choosing any of the following options: - By dialing (866) 322-2356 or (416) 640-3405 if outside North America;

Teekay Tankers Ltd. Announces First Quarter 2008 Earnings Conference Call

Wed, 07 May 2008 15:17:00 EDT

HAMILTON, BERMUDA--(Marketwire - May 7, 2008) - Teekay Tankers Ltd. (NYSE:TNK) plans to release its financial results for the quarter after market close on Wednesday, May 14, 2008. The Company plans to host a conference call on Thursday, May 15, 2008 at 1:00 p.m. (ET) to discuss the results for the first quarter of 2008. All shareholders and interested parties are invited to listen to the live conference call by choosing any of the following options: - By dialing (866) 322-1159 or (416) 640-3404 if outside North America;

Teekay Announces First Quarter 2008 Earnings Conference Call

Wed, 07 May 2008 15:15:00 EDT

HAMILTON, BERMUDA--(Marketwire - May 7, 2008) - Teekay Corporation (NYSE:TK) plans to release its financial results for the quarter after market close on Wednesday, May 14, 2008. The Company plans to host a conference call on Thursday, May 15, 2008 at 11:00 a.m. (ET) to discuss the results for the first quarter of 2008. All shareholders and interested parties are invited to listen to the live conference call by choosing any of the following options: - By dialing (866) 322-2356 or (416) 640-3405 if outside North America;

Media Advisory: New Women's Training Centre Helps Bridge Alberta's Labour Gap

Wed, 07 May 2008 14:55:00 EDT

EDMONTON, ALBERTA--(Marketwire - May 7, 2008) - On May 9, 2008, Edmonton's Women Building Futures (WBF), in conjunction with Petro-Canada and special guests, will hold the grand opening of their new multi-million dollar training centre and housing facility in Edmonton, Alberta. Petro-Canada's Neil Camarta, Senior Vice-President of Oil Sands, will be on hand to make a significant announcement. The new centre, including 42 units of affordable and transitional housing, will open the doors for women looking to move from low-income jobs into careers in the industrial trades.

Freehold Royalty Trust Announces 2008 First Quarter Results

Wed, 07 May 2008 14:41:00 EDT

CALGARY, ALBERTA--(Marketwire - May 7, 2008) - Freehold Royalty Trust (Freehold or the Trust) (TSX:FRU.UN) today announced first quarter results for the period ended March 31, 2008. First Quarter Highlights - Revenues were $48.6 million, up 31% from the first quarter of 2007. - Net income increased 142% to $23.6 million ($0.48 per Trust Unit) including a $3.3 million future income tax recovery. - Funds generated from operations increased 38% to $39.2 million ($0.79 per Trust Unit). -

Strategic Oil & Gas Ltd.: Operational Update

Wed, 07 May 2008 14:00:00 EDT

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 7, 2008) - Strategic Oil & Gas Ltd. ("Strategic" or the "Company") (TSX VENTURE:SOG) wishes to provide an operation update. During 2007, a solid base of production was established to provide an underpinning for the Company to build upon. Relationships were established with two industry partners that will provide the Company with the ability to participate in active drilling programs in oil and natural gas prone areas in 2008 - 2009. Highlights of the growth of the Company in 2007

AltaGas Income Trust Reports Record Earnings of $37.6 Million in First Quarter 2008

Wed, 07 May 2008 13:50:00 EDT

CALGARY, ALBERTA--(Marketwire - May 7, 2008) - AltaGas Income Trust (AltaGas or the Trust) (TSX:ALA.UN) today announced record net income of $37.6 million ($0.58 per unit) for the three months ended March 31, 2008, compared to $24.6 million ($0.43 per unit) for the same period of 2007 - an increase of 53 percent quarter-over-quarter. "Our record first quarter results are solid proof that our growth strategy is working," said David Cornhill, Chairman and CEO of AltaGas. " With the contribution of the Taylor assets, our earnings have exceeded market expectations. We continue to actively create opportunities to further enhance the value of these assets, while acquiring and growing other infrastructure assets in our gas and power businesses."

Harvest Energy Announces Amendments to Long Term Incentive Plans

Wed, 07 May 2008 13:40:00 EDT

CALGARY, ALBERTA--(Marketwire - May 7, 2008) - Harvest Energy (TSX:HTE.UN) (NYSE:HTE) ("Harvest") today announces that its Board of Directors has approved amendments to its Trust Unit Rights Incentive Plan and the Unit Award Incentive Plan (collectively, the "Plans") to be put before the Unitholders at the upcoming annual meeting on May 20th. The amendments will result in the following changes to the Plans: 1) The fair value of all grants made under the Plans to each non-employee director be limited to $100,000 annually;

Enbridge entreprend l'exercice 2008 en force

Wed, 07 May 2008 12:42:00 EDT

POINTS SAILLANTS - Hausse de 24 M$ ou 11 % du b�n�fice du premier trimestre, qui passe � 251 M$ - Augmentation de 10 M$ ou 4 % du b�n�fice d'exploitation ajust� du premier trimestre, qui passe � 239 M$ - Approbation du projet Alberta Clipper, du pipeline Southern Lights et du prolongement de la canalisation no 4 par l'ONE - Ach�vement de la premi�re phase du projet d'expansion de l'acc�s au sud aux Etats-Unis - Obtention de financement du gouvernement provincial pour un projet de stockage de dioxyde de carbone dirig� par Enbridge - Approbation du projet de terminal m�thanier de Rabaska par le gouvernement f�d�ral du Canada

Peak Energy Services Trust Announces Its First Quarter 2008 Financial Results Conference Call

Wed, 07 May 2008 12:27:00 EDT

CALGARY, ALBERTA--(Marketwire - May 7, 2008) - Peak Energy Services Trust ("Peak" or the "Trust") (TSX:PES.UN) will release its First Quarter 2008 Financial Results after market close on Tuesday, May 13, 2008. Curt Whitteron, President and Chief Executive Officer, Matt Huber, Executive Vice President, and Monty Balderston, Chief Financial Officer, will host a conference call to discuss the financial results on Wednesday, May 14, 2008 at 9:30 a.m. MT (11:30 a.m. ET). The conference call is open to analysts, investors and all interested parties.

El Paso Corporation Pipelines Become 'Founding Reporters' of The Climate Registry

Wed, 07 May 2008 11:57:00 EDT

Industry Leader Takes Action on Climate Change

Norex Reports Improved 2008 First Quarter Preliminary Results

Wed, 07 May 2008 11:24:00 EDT

CALGARY, ALBERTA--(Marketwire - May 7, 2008) - NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. Norex Exploration Services Inc. ("Norex" or the "Company") (TSX:NRX) today announced preliminary financial results for the first quarter of 2008. The Company's estimated consolidated EBITDA(1) for the three months ended March 31, 2008 is expected to be $8.7 million ($0.23 per share) compared to $8.5 million ($0.22 per share) for the first quarter of 2007. Sequentially, this also represented an estimated 64% increase in EBITDA compared to the fourth quarter of 2007. Revenue from seismic data acquisition services is estimated to have increased to $31.1 million in the first quarter of 2008 compared to $27.7 million in the first quarter of 2007. As a result of less sub-contract revenue, due to more vibroseis work completed by the Company and more sub-contracted services being directly incurred by our customers, total revenue decreased to $43.6 m

Trilogy Energy Trust Financial and Operating Results for the Three Months Ended March 31, 2008

Wed, 07 May 2008 09:20:00 EDT

CALGARY, ALBERTA--(Marketwire - May 7, 2008) - Trilogy Energy Trust (TSX:TET.UN) ("Trilogy" or "the Trust") is pleased to announce its financial and operating results for the three months ended March 31, 2008. HIGHLIGHTS - Sales volumes for the first quarter of 2008 averaged 20,467 Boe/d. - Funds flow from operations increased to $53.5 million during the first quarter of 2008 as compared to $38.7 million for the previous quarter, due mainly to higher average realized sales prices and lower operating costs and loss on financial instruments, offset by higher royalties.

Drilling Update for Twenty Million Barrel Potential Oil Field

Wed, 07 May 2008 09:15:00 EDT

CARSON CITY, NV--(Marketwire - May 7, 2008) - Friendly Exploration. (PINKSHEETS: FEGR) -- The Company reports today that the Company has advanced the required funds to meets its AFE obligations for the initial drilling of the exploratory well of the Forest City Basin.

It is anticipated that the initial spudding of the first Forest City Basin Exploratory well will take place within the next seven days.

The Company is informed by the project's consulting geologists, that the potential oil structure targeted by this exploratory well has the possibility of yielding a potential twenty million barrel oil field.

Brinx: New Oil and Gas Well Exceeds Expectations

Wed, 07 May 2008 09:00:00 EDT

ALBUQUERQUE, NM--(Marketwire - May 7, 2008) - Brinx Resources Ltd. (OTCBB: BNXR) (the "Company" or "Brinx") is pleased to report the completion of the KC 80 #1-11 well at the Three Sands Project in Noble County, Oklahoma. The initial results from the upper Mississippian, the lowest of three potential pays zones, yielded production rates of almost 200 barrels of oil on the first 24-hour test.

The well has since been choked with approximately 100 psi of back pressure applied to reduce the production rate to approximately 100 barrels of oil per day and 100 mcf of natural gas. The KC 80 #1-11 was drilled to a depth of 4720 feet and had been surveyed with radiation and electrical logs.

Longford Energy Inc.-Filing of Annual Reserve Information

Wed, 07 May 2008 08:52:00 EDT

CALGARY, ALBERTA--(Marketwire - May 7, 2008) - Longford Energy Inc. ("Longford" or "the Company") (TSX VENTURE:LFD) reports that it has filed the reports relating to reserves data and other petroleum and natural gas information required pursuant to National Instrument 51-101 for the year ended December 31, 2007. A copy of the Longford Forms 51-101F1, 51-101F2 and 51-101F3 are available under the profile of the Company on SEDAR at www.sedar.com. About Longford Energy Inc. Longford Energy Inc. is a junior Canadian oil and gas exploration company actively pursuing crude oil and natural gas opportunities.

Franklin Reaches Agreement in Principle on Sale of Two Oil & Gas Subsidiaries

Wed, 07 May 2008 08:30:00 EDT

LAS VEGAS, NV--(Marketwire - May 7, 2008) - Franklin Mining, Inc. (PINKSHEETS: FMNJ) Chairman and CEO, William A. Petty, confirms that he has reached, on behalf of the Franklin Mining, Inc. Board of Directors, an agreement in principle by which the company will sell their 51% ownership in Franklin Oil & Gas, Bolivia S.A. and their 51% ownership in Franklin Oil & Gas, Argentina S.A. to a U.S.-based oil exploration and production company.

Century Petroleum - Alligator Bayou Update

Wed, 07 May 2008 08:30:00 EDT

HOUSTON, TX--(Marketwire - May 7, 2008) - Century Petroleum Corp. (OTCBB: CYPE) ("Century Petroleum" or "the Company") today announced that drilling operations on Alligator Bayou #1 in Matagorda County (Texas) have begun. The well has a planned total depth (TD) of 25,000 feet and targets gas in the emerging Lower Tertiary condensate play.

"Century is pleased to announce that operations on the initial test well of the Alligator Bayou Prospect are progressing as scheduled. We expect to reach TD in approximately six months. This prospect has the potential of becoming a major discovery in the emerging Lower Tertiary condensate play and is consistent with our strategy of pursuing high impact Gulf Coast projects," said James Hersch, CEO of Century Petroleum.

Petrolia Inc., Junex Inc., Gastem Inc.: The Haldimand Project Resumes

Wed, 07 May 2008 08:20:00 EDT

QUEBEC CITY, QUEBEC--(Marketwire - May 7, 2008) - Petrolia (TSX VENTURE:PEA), Junex (TSX VENTURE:JNX) and Gastem (TSX VENTURE:GMR) are pleased to announce the signature of a Joint Operating Agreement for the development of the Haldimand petroleum project. Subject to majority approval of the technical committee, the co-venturers will, over the next 12 months, carry out a $5,000,000 work program in order to better define the oil potential previously identified in the Petrolia-Haldimand #1 well. U

P�trolia inc., Junex inc., Gastem inc. : Le projet Haldimand red�marre

Wed, 07 May 2008 08:20:00 EDT

QUEBEC, QUEBEC--(Marketwire - 7 mai 2008) - P�trolia (TSX CROISSANCE:PEA), Junex (TSX CROISSANCE:JNX) et Gastem (TSX CROISSANCE:GMR) ont le plaisir d'annoncer la signature d'une entente conjointe d'op�ration pour le d�veloppement du projet p�trolier de Haldimand. Sujet � l'approbation majoritaire du comit� technique, les partenaires effectueront d'ici les douze prochains mois des travaux de l'ordre de 5 000 000 $ qui serviront � pr�ciser le potentiel p�trolier identifi� lors du forage du puits P�trolia-Haldimand #1.

Fairborne Energy Ltd. Announces Underwritten Private Placement Financing

Wed, 07 May 2008 08:12:00 EDT

CALGARY, ALBERTA--(Marketwire - May 7, 2008) - NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S. Fairborne Energy Ltd. ("Fairborne" or the "Company") (TSX:FEL) is pleased to announce that it has entered into an agreement with a syndicate of underwriters led by Cormark Securities Inc. and RBC Capital Markets and including Canaccord Capital Corporation, National Bank Financial Inc., FirstEnergy Capital Corp., CIBC World Markets Inc. and Dundee Securities Corp. (collectively, the "Underwriters"), pursuant to which the Underwriters and the Company have agreed to the issuance of 2,000,000 common shares issued on a flow through basis ("Flow-Through Common Shares") by way of an underwritten private placement at an issue price of $12.35 per Flow-Through Common Share for aggregate gross proceeds of $24.7 million (the "Offer").

Avatar Systems, Inc. Ranked 17th Among the 50 Fastest Growing Public Companies and 175 in Largest 200

Wed, 07 May 2008 08:00:00 EDT

FRISCO, TX--(Marketwire - May 7, 2008) - Avatar Systems, Inc. (PINKSHEETS: AVSY) is ranked 17th in the Dallas Business Journal among the 50 fastest growing public companies in the Dallas/Ft. Worth (DFW) Metroplex. Avatar was also ranked 175 among the 200 largest public companies in the DFW area.

Chuck Shreve, Avatar Systems' President and CEO, remarked, "To be among the 50 fastest growing public companies in the DFW area, is quite an achievement particularly considering who we are competing against. Just recently, we were also named to the TechTitans Fast 50, as one of the 50 fastest growing technology companies in the DFW area."

Victory Energy Posts Third Month Revenues From Gas Production

Wed, 07 May 2008 08:00:00 EDT

CARSON CITY, NV--(Marketwire - May 7, 2008) - Victory Energy Corporation (OTCBB: VYEY) announced today receipt of its third revenue payment from natural gas sales related to wells producing in Victory's Canyon Sandstone Gas play, located in the Texas Permian Basin.

The revenue, of approximately $70,019 pre-distribution, represents the sale of natural gas production from Victory's interest in seven gas wells, all of which are producing from the Canyon Sandstone zone.

E.ON Benelux Halts Construction of 1,070-Megawatt Plant in Netherlands, an Industrial Info News Alert

Wed, 07 May 2008 07:00:00 EDT

CORDOBA, ARGENTINA--(Marketwire - May 7, 2008) - Researched by Industrial Info Resources (Sugar Land, Texas) -- E.ON Benelux, a part of E.ON AG (PINKSHEETS:EONGY), was forced to temporarily halt the construction of a coal-and-biomass-fired power plant on the Maasvlakte harbor in Rotterdam, Netherlands. E.ON had begun groundwork, assuming that only a license was required for the operation stage. Construction work will be halted to prevent interference with neighboring company Lyondell.

Enbridge Reports Solid Start to 2008

Wed, 07 May 2008 07:00:00 EDT

Highlights - First quarter earnings increased $24 million, or 11%, to $251 million - First quarter adjusted operating earnings increased $10 million, or 4%, to $239 million - Alberta Clipper, Southern Lights Pipeline and Line 4 Extension were approved by the NEB - First phase of the U.S. Southern Access Expansion Project has been completed - Enbridge-led carbon sequestration project secured provincial government funding - Rabaska LNG Project was approved by the Canadian federal government

Quicksilver Gas Services Reports First-Quarter 2008 Results

Wed, 07 May 2008 06:30:00 EDT

FORT WORTH, TX--(Marketwire - May 7, 2008) - Quicksilver Gas Services LP (NYSE Arca: KGS) today reported net income for the first quarter of 2008 of $2.9 million ($.12 per limited partner unit - diluted), more than a three-fold increase as compared to net income of $0.8 million in the prior-year period.

Earnings before interest, income taxes, depreciation and accretion ("EBITDA"), a non-GAAP measure, was $8.4 million for the first quarter of 2008, as compared with $2.2 million in the first quarter of 2007.

Quicksilver Resources' First-Quarter Net Income Surges 85% in 2008

Wed, 07 May 2008 06:30:00 EDT

Fort Worth Basin Production Increases 183%

Heavy Electrical Giants in India Set to Grow in the Global Arena, an Industrial Info News Alert

Wed, 07 May 2008 06:00:00 EDT

BANGALORE, INDIA--(Marketwire - May 7, 2008) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Bharat Heavy Electricals Limited (BHEL) (New Delhi) has bagged a $137.5 million export contract to supply two 135-megawatt, environment-friendly circulating fluidized bed combustion (CFBC) boilers and auxiliaries to Koniambo Nickel SAS (New Caledonia).

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