New York, NY- June 5, 2012 (Investorideas.com Newswire) - Investorideas.com, a leader in sector stock research for independent investors issues a trading snapshot for natural gas stocks, Chesapeake Energy Corporation (NYSE: CHK), Clean Energy Fuels Corp. (NASDAQ: CLNE), Cheniere Energy, Inc. (NYSE Amex: LNG) and Westport Innovations Inc. (NasdaqGS: WPRT).

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Chesapeake Energy Corporation (NYSE: CHK) is currently trading at $16.75, up 0.23(1.39%) as of 12:55PM EDT with a high of $17.34 on volume of over 25 Million shares.

Published: 05 June 2012
Written by Investor Ideas
Read more: Natural Gas Stocks Snapshot: (NYSE:CHK), (NASDAQ:CLNE), (NYSE:LNG), (NASDAQ:WPRT) See Gains

Strategic Oil & Gas Ltd. Announces First Quarter 2012 Results; Corporate Production Exceeds 2800 BOEPD (88% Oil)

Strategic Oil & Gas Ltd. ("Strategic" or the "Company") (TSX VENTURE:SOG) is pleased to announce it has filed its unaudited financial statements and related Management's Discussion and Analysis ("MD&A) for the quarter ended March 31, 2012. Selected financial and operational information is outlined below and should be read in conjunction with Strategic's unaudited financial statements and the related MD&A which are available for review at www.sogoil.com and at www.sedar.com.

Published: 30 May 2012
Written by Editor
TSX Venture   Energy   Financial Results   Up on News   Interesting News  
Read more: Strategic Oil & Gas Ltd ( SOG )

CGX Provides Update on Near Term Funding Requirements - Announces $30 Million Investment by Pacific Rubiales

CGX Energy Inc. (TSX-V - OYL) ("CGX" or the "Company") announced on May 7, 2012 cost increases on its Eagle-1 well and the need to raise approximately $20 million in the near term.  The initial cost estimate for the Eagle-1 well was $55 million increasing to $71 million on May 7. But now as final costs accumulate, the ultimate cost is estimated to be approximately 10% higher than estimated on May 7. To meet its near term funding requirements, the Company is pleased to announce that it has entered into a definitive subscription agreement (the "Subscription Agreement") with Pacific Rubiales Energy Corp. ("Pacific Rubiales") dated May 27, 2012 pursuant to which Pacific Rubiales has subscribed for 85,714,285 units of CGX (the "Units") by way of private placement at a price per Unit of $0.35 for an aggregate purchase price of $30 million. 

Published: 28 May 2012
Written by Editor
TSX Venture   Energy   Up on News   Financing   Interesting News  
Read more: CGX Energy Inc ( OYL )

Africa Oil Corp.: Ngamia-1 Well Update

Africa Oil Corp. ("Africa Oil" or the "Company") (TSX VENTURE:AOI)(OMX:AOI) is pleased to report an update on the Ngamia-1 well currently being drilled on Block 10BB in Kenya. The Operator of the well, Tullow Oil plc, announced this morning that they are now drilling in the primary target and initial results appear to indicate the well has intersected further oil bearing sands.

The Ngamia-1 well has encountered oil and gas shows over a gross interval of 140 metres from a depth of 1,800 metres to 1,940 metres. The reservoirs are similar to those previously encountered at a shallower depth. The well will continue to be drilled to a total depth of 2,700 metres and then logged and sampled. This is expected to take a further three weeks to complete.

Published: 25 May 2012
Written by Editor
TSX Venture   Energy   Project Updates   Up on News   Interesting News  
Read more: Africa Oil Corp ( AOI )

Sale of Thailand Concessions L44/43, L33/43 and SW1

Pan Orient Energy Corp. ("Pan Orient" or the "Corporation") (POE.V - News) is pleased to announce that it has entered into an agreement for the sale of its operated 60% interest in Thailand Concessions L44/43, L33/43 and SW1 for a cash price of USD $170 million plus approximately USD $8 million for working capital and other adjustments. It is expected that net proceeds after costs and income tax will be approximately USD $162 million.

Pan Orient's other interests in Thailand, consisting of its operated 100% interest in Concession L53/48, are being retained.

Published: 23 May 2012
Written by Editor
TSX Venture   Energy   Project Updates   Up on News   Interesting News  
Read more: Pan Orient Energy Corp ( POE )
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