Serinus Energy Inc.: Brunei-Lukut Updip Well Drilling Update

Serinus Energy Inc. ("Serinus", "SEN" or the "Company") (SEN.TO)(SEN.TO), an international upstream oil and gas exploration and production company, advises that the exploratory well on its Lukut Updip 1 prospect on Brunei Block L is drilling ahead after having set 9^5/8" intermediate casing. The Lukut Updip-1 ("LKU-1") well is operated by AED Southeast Asia Limited ("AED SEA") an indirect wholly-owned subsidiary of SEN.

The LKU-1 well, the first exploration well to be drilled during the Brunei Block L Phase 2 drilling campaign, is being drilled as a directional well with a planned measured depth of 2,959 metres (2,431 metres true vertical depth ("TVD")). The well commenced drilling in mid-June and drilled to a measured depth of 1,590 metres (1,372 metres TVD) prior to the running of 9^5/8" intermediate casing.

Athabasca Oil Corporation Reports Second Quarter 2013 Results

Athabasca Oil Corporation (TSX:ATH.TO) ("Athabasca" or "the Company") is pleased to report its second quarter 2013 results.

Highlights

• Capital expenditures during the second quarter totalled $143 million, $92 million in the Thermal Oil Division and $48 million in the Light Oil Division and the remainder for corporate assets;
• Production in the second quarter averaged 7,258 barrels of oil equivalent per day ("boe/d"), with an average production of 8,552 boe/d for June;
• Average netback during the second quarter was $36.55 per barrel of oil equivalent;

  Published: 31 July 2013

  Written by Editor

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Serinus Energy Inc.: Ukraine-NM-3 Well Tests Oil and Gas-Potentially Opening Up a New Play in the North Makeevskoye Exploration Licence

Serinus Energy Inc. (SEN.TO)(SEN.TO) (formerly Kulczyk Oil Ventures Inc. - "Serinus" or the "Company"), an international upstream oil and gas exploration and production company, is pleased to announce that an open hole test of the North Makeevskoye-3 ("NM-3") exploration well recovered oil and gas from Visean aged rock formations underlying the North Makeevskoye Exploration Licence.

The NM-3 well, the third well drilled on the North Makeevskoye Exploration Licence, is located 3 kilometres southeast of the North Makeevskoye-1 well. It is a deviated well which reached a total depth ("TD") of 2,426 metres (measured depth) after penetrating the metamorphic basement.

Energy XXI Provides Fiscal Year-End Reserves Estimates and Operations Update

• Proved reserves estimated at 179 MMBOE, up 50%, with a present value of $6.1 billion; proved plus probable reserves estimated at 232 MMBOE with a present value of $8.4 billion
• Reserve replacement rate approximated 390% organically, or 469% including acquisitions
• Horizontal drilling program records 82% success rate on first 11 wells
• Subsalt exploration program logs first discovery with 76 feet of net oil pay
• Fiscal 2014 capital program, at $660 million, expected to be within cash flow

Energy XXI (EXXI) (EXXI.L) today provided estimates of its fiscal 2013 year-end reserves and fiscal 2014 capital program, as well as an operations update, including production and recent exploration and development results.