Pyramid Oil Company Initiates Drilling of Santa Fe #20 Development Well in Carneros Creek Field

Pyramid Oil Company (AMEX: PDO - News), today announced it has commenced drilling operations on the Santa Fe #20, a development well within Pyramid's Carneros Creek field in Kern County, California.

The well will target the Point of Rocks formation at a depth of approximately 3,400 feet. Drilling is expected to take approximately 10 days and will be followed by perforating and stimulation operations. Pyramid has roughly three-dozen wells producing in the Carneros Creek field, where the Company has operated for more than 25 years.

Crescent Point Announces Strategic Bakken Waterflood Consolidation Acquisition, a $525 Million Bought Deal Financing and Upwardly Revised 2012 Guidance

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Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX:CPG.TO - News) is pleased to announce that it has entered into an agreement (the "Bakken Acquisition") with PetroBakken Energy Ltd. ("PetroBakken"), a publicly traded oil and gas producer, to acquire certain assets in the proposed waterflood area of the Viewfield Bakken light oil resource play in southeast Saskatchewan (the "Bakken Waterflood Assets") for cash consideration of $427 million. The assets are primarily in the Company's proposed waterflood units and include more than 2,900 boe/d of production and more than 25 net sections of land in the Viewfield Bakken resource play. The Bakken Acquisition is expected to help accelerate Crescent Point's waterflood program in the Viewfield Bakken resource play.

LINDON, UT and EDMONTON, AB - (Investorideas.com Energy Newswire) - Oil and Gas News - Profire Energy, Inc. (OTC.BB: PFIE) reported net income before income taxes for the quarter ending December 31, 2011 of $1,245,322 on total revenues of $5,068,983. By comparison, during the Company's prior-year third fiscal quarter, it realized net income before income taxes of $846,878 on total revenues of $2,696,417. Earnings per share for the third fiscal quarter 2012 were $.02. Year-over-year revenue and net income growth were 88% and 44%, respectively.

 Total revenue for the nine-month period ended December 31, 2011 was $12,275,228 compared to $5,605,063 for the comparable prior year period, a 119% increase.

Rock Energy Announces Sale of remaining Montney Natural Gas Assets at Elmworth

Rock Energy Inc. (TSX:RE.TO - News) ("Rock") is pleased to announce that it has entered into a second purchase and sale agreement for the sale of its remaining Montney natural gas assets in Elmworth to a Canadian oil and gas producer. Gross proceeds, including proceeds from the asset sale previously announced on February 9, 2012, total $46 million. Closing of this final transaction is anticipated to occur before the end of February 2012 and is subject to customary asset sale conditions. FirstEnergy Capital Corp. acted as exclusive financial advisor to Rock for this transaction.