Commodities / Crude Oil Nov 27, 2014 - 12:43 PM GMT

By: Andrew_McKillop

Nothing Ikonic about the Gold / Oil Ratio
Assuming for discussion that a 15-to-1 ratio between the price of I Troy ounce of gold and 1 barrel of oil is a long-term average or “ikonic ratio”, ( http://www.zealllc.com/2005/gorex2.htm) this would apply for $2 oil and $30 gold as much as $120 oil and $1800 gold. But the asset bubbles built around oil and gold would be rather different, each time. Also, coming down and off highs for the gold price, or for the oil price, there would be major bloodshed among the related overpriced and now-irrational asset values, but in the case of oil assets this will include national budgets, national FX values and even global economic growth. Deflating an oil asset bubble has a lot more ramifying impacts than coming down from a high for gold.

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Cardiff Energy Corp. announces initial production of the Bearcat #4 well

CARDIFF ENERGY CORP. (the "Company")  November 25, 2014 / (TSX-V: "CRS") is pleased to announce initial production from the Bearcat #4 well in Ballinger, Texas. Martin Energy, the operator of the Bearcat #4 well has reported an initial production of 180 BOPD (Barrels of Oil per day) and 250,000 Cubic Feet of Gas (250 MCF).

There are two additional formations in the well to be tested at a future date, the Middle Caps and Dog Bend Lime. Most of the Gas was tested from the Gardner formation. Logs indicate Oil is also present in the Gardner Lime formation.

Read more: Cardiff Energy Corp ( CRS )

Lightstream Confirms November Dividend

CALGARY, ALBERTA--(Marketwired - Nov 17, 2014) - Lightstream Resources Ltd. ("Lightstream") (LTS.TO) is pleased to announce that our cash dividend for the month of November will be paid on December 15, 2014 to all Lightstream shareholders of record on November 30, 2014. The November dividend will be $0.04 per Lightstream share. The ex-dividend date is November 26, 2014.

Read more: Lightstream Resources Ltd ( LTS )

ZaZa Energy Reports 2014 Third Quarter and Nine Month Financial and Operational Results

HOUSTON, TX--(Marketwired - November 12, 2014) - ZaZa Energy Corporation (the "Company" or "ZaZa") (ZAZA) today announced results for its third quarter and for the nine months ended September 30, 2014. 

Financial Highlights for Third Quarter 2014

  • Total production of 54.8 MBOE, a year-over-year increase of 145%.
  • Revenues of $2.7 million, a year-over-year increase of 144%.
  • Total operating expenses declined by ~60%; G&A declined by ~30%.
  • Net income of $10.1 million vs. a net loss of $20.6 million.
  • Total debt declined by $7.7 million or ~8% over the past nine-months (3Q14 vs. CY13).
Read more: ZaZa Energy Corporation ( ZAZA )

Emerald Oil Reports Third Quarter 2014 Financial and Operational Results; Establishes 2015 Production and CAPEX Guidance

DENVER, CO- - Nov 3, 2014 - Emerald Oil, Inc. (NYSE MKT: EOX) ("Emerald" or the "Company") today announced financial and operational results for the quarter ended September 30, 2014 and established production and CAPEX guidance for 2015.

Highlights

  • Production of 351,755 BOE during the third quarter of 2014, an average of approximately 3,855 BOEPD, an increase of 3% compared to the second quarter of 2014 and 104% compared to the third quarter of 2013;
  • EBITDA of $26.2 million; Adjusted EBITDA of $15.3 million for the third quarter of 2014;
Read more: Emerald Oil Inc ( EOX )