Africa Oil Announces Significant Increase in Independent Resource Estimates in Kenya and Ethiopia

Africa Oil Corp. ("Africa Oil", "AOC", or "the Company") (TSX VENTURE:AOI)(OMX:AOI) is pleased to announce that an updated independent assessment of the Company's contingent and prospective resources on its Kenyan and Ethiopian exploration properties has been completed by Gaffney, Cline & Associates ("Gaffney Cline", or "GCA"). The independent assessment was carried out in accordance with the standards established by the Canadian Securities Administrators in National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities. The effective date of the report is June 30, 2012.

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Simba Energy Completes Passive Seismic Survey on Block 2A, Onshore Kenya

 
Simba Energy Inc. ("Simba" or the "Company") (TSX VENTURE:SMB)(FRANKFURT:GDA)(OTCQX:SMBZF), the pan-African oil & gas explorer, is pleased to announce the successful completion of the first phase of field work on Block 2A, onshore Kenya where the Company currently holds a 100 % interest in the Production Sharing Contract (PSC) for this concession.

The passive seismic data collected from 218 listening stations covered the Company's existing three leads. Data results obtained were reported by GeoDynamics Worldwide as being of high (clean) quality and expected to correlate well with existing 2D seismic during processing. The final report and interpretations are expected soon. Additionally the Company carried out the collection of 675 geochemical samples on Block 2A. These will be analyzed with results being incorporated into the Block 2A geological interpretation.

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DeeThree Exploration Ltd. Announces Material Alberta Bakken Reserves and Resource Evaluation

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DEETHREE EXPLORATION LTD. ("DeeThree" or the "Company") (DTX.TO) (DTHRF) is pleased to announce the results of a reserves and resource evaluation on and limited to certain of DeeThree's Bakken assets in the Lethbridge area of Alberta as of July 31, 2012, prepared by the Company's independent reserve engineering firm, Sproule Associates Limited. The reports confirm an extensive oil resource play with significant reserve upside. Highlights of the reports include:

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FMC Technologies to Acquire Pure Energy Services

FMC Technologies, Inc. ("FMC") (FTI) and Pure Energy Services Ltd. ("Pure") (PSV.TO) today announced execution of a definitive acquisition agreement under which FMC will acquire Pure for C$11.00 per share in cash, or approximately C$282 million (US$285 million).

Based in Calgary, Pure is a leading provider of frac flowback services and an established wireline services provider operating in multiple field locations in both Canada and the United States.   Pure employs approximately 1,300 employees. For the twelve months ended June 30, 2012, Pure generated C$282 million of revenue and C$59 million of EBITDAS, with the majority related to frac flowback services.     

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Eaglewood Announces Closing of Sale of PPL 260 and Update on PPL 259 Farmin

Eaglewood Energy Inc.  ("Eaglewood") (TSX VENTURE:EWD.V - News) is pleased to announce that the final instalment payment of USD $2.45 million has been received from Esso PNG Exploration Limited ("Esso"), a subsidiary of ExxonMobil, completing the sale of Eaglewood's equity interest in PPL 260. 

Additionally, Mega Fortune International Ltd. ("Mega"), a 10% equity participant in Eaglewood's PPL 259 and PRL 28 licenses has failed to complete its obligations under a previously announced farmout agreement for an additional 25% of Eaglewood's equity interest in PPL 259. As a result of the non-completion of the transaction, Eaglewood will continue to own a 65% equity interest in PPL 259 and retain operatorship.

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