Kelt announces $94.35 million equity financing

Kelt Exploration Ltd. ("Kelt" or the "Company") is pleased to announce a brokered and non-brokered equity financing for gross aggregate proceeds of $94.35 million.

Brokered Private Placement

Kelt is pleased to announce that it has entered into an agreement with a syndicate of underwriters led by Peters & Co. Limited, and including FirstEnergy Capital Corp., RBC Capital Markets, Scotia Capital Inc., CIBC World Markets Inc., Cormark Securities Inc., Dundee Securities Ltd., Macquarie Capital Markets Canada Ltd., National Bank Financial Inc., GMP Securities Inc., and Stifel Nicolaus Canada Inc. (collectively the "Underwriters"), under which the Underwriters have agreed to purchase for resale to the public, on a bought deal private placement basis, 11.0 million common shares of Kelt at a price of $5.55 per common share, resulting in gross proceeds of $61,050,000.

Canadian Overseas Petroleum Acknowledges Speech by NOCAL CEO Regarding Block LB-13

Canadian Overseas Petroleum Limited ("COPL" or "the Company") (XOP.V), issues this news release as a result of unusual trading in its Common Shares on the morning of Thursday, March 7, 2013 , and in consultation with the Investment Industry Regulatory Organization of Canada .

COPL notes the statements made by the Chief Executive Officer of the National Oil Company of Liberia made March 7, 2013 in Liberia in relation to the proposed acquisition of a significant interest in offshore Liberia Block LB-13 by a wholly-owned subsidiary of the Company. An article about the Chief Executive Officer's speech can be found at www.micatliberia.com. The parties are in the process of executing the relevant documents and the Company is encouraged by this development. The Company hopes to be in a position to provide further news shortly.

PDC Energy Announces 2012 Fourth Quarter and Year-End Results; Successful Results From Second Horizontal Utica Shale Well

PDC Energy, Inc. ("PDC" or the "Company") (PDCE) today reported its 2012 fourth quarter and year-end financial and operating results.

In mid-February 2013, the Company flow tested its second horizontal Utica Shale well in Guernsey County, Ohio. The Detweiler 42-3H well tested through tubing at a peak rate of 2,197 barrels of oil equivalent ("Boe") per day on a 20/64" choke with an average rate of 2,039 Boe per day for 24 consecutive hours. The Detweiler 42-3H well flow test was conducted following a 60-day resting period. Based upon composition analysis, the gas being produced is 1,263 BTU rich gas.

Bankers Petroleum Announces 2012 Reserves Report