Africa Oil Announces $193.75 Million Private Placement

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Africa Oil Corp. (TSX VENTURE:AOI)(OMX:AOI) ("Africa Oil" or the "Company") reports that it will sell, on a non-brokered, private placement basis, an aggregate of up to 25 million common shares at a price of Cdn $7.75 per share for gross proceeds of up to Cdn $193.75 million.

A 4% finder's fee may be payable on all or a portion of the private placement.

Net proceeds of the private placement will be used towards the Company's ongoing work program in East Africa as well as for general working capital purposes.

Published: 28 November 2012
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Antrim Announces Commencement of Drilling Operations for the Cyclone Prospect in UK Central North Sea

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Antrim Energy Inc. (TSX:AEN) (AIM:AEY) ("Antrim" or the "Company")

Antrim today announced that it has been informed by operator Premier Oil UK Limited ("Premier") that drilling operations have commenced for the Cyclone prospect in UK Central North Sea Licence P1784 Block 21/7b (Antrim working interest 30%).

Published: 22 November 2012
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Pinecrest Energy Inc. to Combine with Spartan Oil Corp. to create a Sustainable Light Oil Dividend and Growth Company

Pinecrest Energy Inc. (TSX-V: PRY) ("Pinecrest") and Spartan Oil Corp. ("Spartan") (TSX: STO) are pleased to announce that they have entered into an arrangement agreement (the "Arrangement Agreement") providing for the combination of Pinecrest and Spartan (collectively, the "Combined Company") to form a premier light oil weighted entity that will provide shareholders with a sustainable model of income and production growth.  The Combined Company will have an enterprise value approaching $1 billion and an attractive suite of high netback light oil projects.

Published: 21 November 2012
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Bengal Energy Confirms Caracal-1 as a New Oil Discovery on the Tookoonooka Block, Cooper Basin, Australia

Bengal Energy (TSX: BNG) ("Bengal", or "the Company") reports that the first exploration well in the Tookoonooka drilling campaign, Caracal-1, is a new oil discovery.  This new discovery has established light oil on a new and unexplored trend with the Caracal-1 well being the first well to be drilled on the very large 654,335 acre Authority to Prospect ("ATP") 732 (the "Tookoonooka Block") in the last 15 years. Seismic mapping defines a large structure, with the Caracal-1 closure alone estimated to cover an area of 5.5 square miles (approximately 3,500 acres).

Published: 21 November 2012
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Torquay Oil Corp. Enters Into Arrangement Agreement for Sale of the Company for Cash Consideration of $21 Million

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TORQUAY OIL CORP. (TSX VENTURE:TOC.A)(TSX VENTURE:TOC.B) ("Torquay" or the "Company") is pleased to announce that it has entered into an arrangement agreement (the "Arrangement Agreement") with a private oil and gas company ("the Purchaser"). Under the terms of the Arrangement Agreement, the Purchaser will acquire all of the issued and outstanding Class A Shares and Class B Shares of Torquay for cash consideration of $0.16 per Class A Share and $1.60 per Class B Share, respectively, pursuant to a plan of arrangement under the Business Corporations Act (Alberta) (the "Arrangement").

Published: 20 November 2012
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