Ithaca Energy Inc.: Completion of Carna Transaction

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Ithaca Energy Inc. (TSX:IAE.TO - News)(AIM:IAE.L - News) announces completion of the transaction announced March 26 2012 concerning the Company's interest in the Carna discovery, located in the Southern Gas Basin of the UK North Sea.

Completion of the transaction results in Ithaca increasing its position in the Carna discovery to 32% (from 16%); the Company will become Operator with immediate effect.

Joint Venture partners (and their respective interests) in the Carna discovery are: Ithaca Energy (UK) Limited, operator (32%), Centrica (40%), Dyas UK Limited (24%), EWE Energie AG (4%).

Solar Stocks Portfolio and General Market Update – Red Flags Flying: J Peter Lynch

New York, New York- May 22, 2012- Solar stocks report at Investorideas.com

Investorideas.com, a leader in renewable energy stock research for independent investors releases solar stocks commentary from solar expert, J Peter Lynch.  

Solar Stocks Commentary with J Peter Lynch at Investorideas.com http://www.investorideas.com/PL/

Current Portfolio Status

Since early March (3-6-2012) our solar portfolio has been out of the market and 100% in cash.

New York, NY, May 18, 2012 - www.InvestorIdeas.com, a leader in sector research for independent investors issues a trading alert for energy stock, Chesapeake Energy Corporation (NYSE: CHK), trading at $14.24 , up 0.69(5.11%) 1:26PM EDT on over  23 Million shares. The stock has had a day’s high of  $14.51.

 On Tuesday the Company announced it has increased the size of a previously announced unsecured term loan from Goldman Sachs Bank USA and affiliates of Jefferies Group, Inc. from $3.0 billion to $4.0 billion based on strong investor demand.

Africa Oil Provides Update on Puntland Drilling

Africa Oil Corp. (TSX VENTURE:AOI)(OMX:AOI) ("Africa Oil" or the "Company") is pleased to provide an update on the drilling program in Puntland, Somalia.

The Shabeel well has reached a total depth of 3,470 meters and has encountered metamorphic basement at a depth of 3,430 meters and is currently being suspended for future testing. In addition to the previously announced 12 to 20 meter zone of significant hydrocarbon pay in the Upper Cretaceous Jesomma Formation, the well has encountered additional potential net pay sands in the Jurassic Adigrat Formation at a depth of 3,246 to 3,430 meters, several of which exhibited oil and gas shows. Petrophysical analysis of the well log data indicates up to 3 meters of potential hydrocarbon pay in several thin sand units. They are not considered to warrant testing at this time, but do further confirm the existence of a working petroleum system.