Madalena Announces New Oil & Gas Discovery, Continued Drilling Success in Argentina and Vaca Muerta Shale Drilling Update

CALGARY, Nov. 4, 2014 - Madalena Energy Inc. ("Madalena" or the "Company") (TSXV: MVN and OTC: MDLNF) is pleased to provide the following operational update.  KEY HIGHLIGHTS:

CANADA

  • Successfully drilled and completed a new horizontal oil and gas exploration discovery (100% WI) in the Nordegg formation on Madalena's Western Canadian assets.  This new discovery well flowed continuously up 7 inch casing and ended its initial clean-up period flowing at a rate of 718 Boe/d (51% Oil).
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Jericho Oil Achieves Record Production in September 2014

VANCOUVER, Oct. 22, 2014 - Jericho Oil Corporation ("Jericho" or the "Company") (TSX-V: JCO, Frankfurt: JLM) today announced that gross daily production from its Eastern Kansas oil producing acreage averaged approximately 118 barrels of oil per day in September 2014 with cumulative monthly production exceeding 3500 barrels.

This represents an increase in production of approximately 130% since Jericho recommenced trading on the TSX Venture on March 25, 2014.

Allen Wilson, CEO of Jericho Oil, stated, "Having drilled less than 10% of our acreage, we look forward to continuing our development efforts in the region and building on this early success in the near term. Our recently announced Phase II Development Program is expected to further strengthen our production profile and cash flow."

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Savanna Energy Services Corp. Signs Contract to Build Four New Drilling Rigs

CALGARY, ALBERTA-- Savanna Energy Services Corp. (SVY.TO) ("Savanna") is pleased to announce it has signed a contract to expand its drilling operations in Australia. Savanna will deploy four Top Drive Single ("TDS") drilling rigs to operate in Queensland for an existing customer to support their east coast LNG project. The new design TDS 2000 and TDS 3000 rigs are under multi-year take-or-pay contracts with the first rig expected to begin operations in Q1 2016. The capital cost of the four new TDS drilling rigs will be allocated to Savanna's 2015 and 2016 capital programs, and will aggregate $63.4 million.

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ZaZa Energy Announces Production Results from Three East Texas Vertical Wells

HOUSTON--- ZaZa Energy Corporation (“ZaZa” or the “Company”) (ZAZA) today announced the one-year production results (October 1, 2013 to September 30, 2014) from three of its East Texas vertical wells in Madison and Walker counties, Texas:

  • Toby #1 (“Toby”). During 336 producing days, average three-stream production for the Toby well was approximately 539 boe/d, consisting of about 230 b/d of liquids and 1,853 mcf/d of natural gas (cumulative one-year production of ~181,069 boe).
  • Grisham #1 (“Grisham”). During 358 producing days, average three-stream production for the Grisham well was approximately 533 boe/d, consisting of about 456 b/d of liquids and 460 mcf/d of natural gas (cumulative one-year production of ~190,720 boe).
  • Laura Unit #1 (“Laura”). During 356 producing days, average three-stream production for the Laura well was approximately 382 boe/d, consisting of about 293 b/d of liquids and 532 mcf/d of natural gas (cumulative one-year production of ~135,911 boe).
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Petro-Victory Energy Corp. encounters hydrocarbons at the Lapacho well (Pirity Block of Paraguay)

/THIS RELEASE IS INTENDED FOR DISTRIBUTION OUTSIDE THE UNITED STATES ONLY AND IS NOT AUTHORIZED FOR DISTRIBUTION WITHIN THE UNITED STATES/

CALGARY, Oct. 20,  2014  Petro-Victory Energy Corp. ("Petro-Victory" or the "Company") (TSX-V:VRY.V - News)

Petro-Victory Energy Corp. ("Petro-Victory" or the "Company") (TSXV:VRY.V - News) is pleased to announce that the Lapacho well, located on the Pirity Block in Paraguay, has encountered hydrocarbons within the Icla Formation at a depth of 3,926 meters. Based on open hole logs run across the interval, these sandstones display average porosity of 6% and are heavily fractured.  A series of side wall cores recovered from the interval displayed good light oil or condensate shows.

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