Compton Reports First Quarter 2012 Results

Compton Petroleum Corporation (TSX - CMT) reports its financial and operating results for the first quarter ended March 31, 2012 . The full text of Management's Discussion and Analysis ("MD&A") and the Corporation's audited consolidated financial statements can be found on the Corporation's website at www.comptonpetroleum.com and at www.sedar.com.

Q1 2012 in Review

Summary of Results:

• Cash flow was $3.8 million or $0.14 per diluted share
• Operating loss was $18.7 million or $0.71 per diluted share
• Net loss was $44.3 million or $1.68 per diluted share
• Capital expenditures were $7.5 million , before acquisitions and divestitures

  Published: 11 May 2012

  Written by Editor

  TSX   Energy   Financial Results   Up on News   Interesting News  

  Read more: Compton Petroleum Corporation ( CMT )

New York NY- May 9 ,  2012 – Investorideas.com, a leader in sector research including water stocks and energy stocks issues a news and trading alert for OriginOil, Inc. (OTCBB: OOIL), trading up at $1.74  0.32(22.54%) 2:25PM EDT, following news of entering the frac water and produced  water treatment market.

 OriginOil, Inc. (OTCBB: OOIL), developer of a breakthrough technology to convert algae into renewable crude oil, announced today that it has signed a memorandum of understanding with California-based PACE to collaborate with oil field operators in Texas and elsewhere to improve petroleum recovery and water cleaning for re-use at well sites, using a process it originally developed for algae harvesting.

FREEHOLD, N.J. - May 8, 2012 (Investorideas.com Newswire) - Raptor Resources Holdings Inc. (OTCQB: RRHI), announces today the signing of a Memorandum of Understanding (MOU) with one of the world’s oilfield service giants. The MOU lays the groundwork for a long-term purchase agreement between both companies. Once in full production, the company estimates it will ship 220,000 tons/year against the 2M tons listed in the MOU. The MOU provides exclusive rights to the customer for all API (American Petroleum Institute) barite applications.

  The Gulf of Mexico, home to the largest concentration of active rigs world-wide consumed up to 5M tons of bulk barite during CY2010 with the major contributors being China (3.6M tons) and India (1M tons).

Ngamia-1 Well Discovers Additional Oil in Kenya

Africa Oil Corp. (AOI.V - News)(AOI.ST - News) ("Africa Oil" or the "Company") is pleased to provide the following update in respect of the previously announced oil discovery at the Ngamia-1 well on Block 10BB, Kenya. Africa Oil holds a 50% working interest in this block, which is operated by Tullow Oil plc ("Tullow") which holds the remaining 50% interest.

The Ngamia-1 exploration well in Kenya has now been deepened to a total depth of 1515 meters and has encountered in excess of 100 meters of net oil pay in multiple reservoir zones over a gross interval of 650 meters. Following the initial announcement on the 26th March 2012 that Ngamia-1 had encountered in excess of 20 meters of net oil pay, the well has now been deepened from 1041 meters to 1515 meters.