CONROE, Texas - August 25, 2010 (Investorideas.com energy newswire) - Hemiwedge Industries, Inc. (Pink Sheets:HWEG.pk), a global supplier of specialty engineered valves, today announced it has received an order for $230 thousand for its Hemiwedge® Cartridge valves from Black Gold Rental Tools, Inc. of Texas.

Black Gold Rental Tools is a leading provider of rental services for the onshore drilling market in the United States and has been a repeat customer of Hemiwedge since 2008.

The purchase order was issued to Hemiwedge Valve Corp (HVC), the operating subsidiary of Hemiwedge Industries that sells the patented valve product line. The purchase order is for six inch bore sizes valves for use in mud-diverter applications, which is a difficult service for valves where legacy valve products can fail pre-maturely. Deliveries are scheduled to occur during the third quarter of 2010.

Canacol Energy Ltd. Tests 3,302 bopd From Second of 3 Zones to Be Tested for a Combined Total of 6,642 bopd at Rancho Hermoso 6 Well in Colombia

Canacol Energy Ltd. ("Canacol" or the "Corporation") (TSX VENTURE:CNE)(BVC:CNEC) is pleased to provide an update of its development drilling program at its operated Rancho Hermoso Field located in the Llanos Basin of Colombia, which is operated under a contract with Ecopetrol, the state oil company of Colombia. The Corporation has completed flow testing of the Guadalupe reservoir in the recently drilled Rancho Hermoso 6 ("RH 6") well, the first of five development wells planned for 2010. The RH 6 well encountered 115 feet ("ft") of net oil pay within 5 different reservoir intervals, which include, from top to bottom, the C7, Mirador, Los Cuervos - Barco, Guadalupe, and Ubaque. On August 16, 2010, the Corporation announced that it had tested a gross rate of 3,340 barrels of oil per day ("bopd") from the Ubaque reservoir, the first of 3 reservoirs to be tested in the well.

Sure Energy Inc. announces new Redwater Viking oil test results

Sure Energy Inc. (SHR, TSX) ("Sure Energy") ("the Company") is pleased to report the production test results of its recent Redwater North horizontal well. The Viking formation was tested for three days and flowed an average of 315 barrels of clean, 35 API oil and 400 mcf of solution gas over the final 24 hours.

The Company anticipates the well to be on production in late September, once pressure testing and facility construction is completed.

The well is 100% owned by the Company and will qualify for the Alberta Government's Horizontal Oil New Well Royalty Rate of 5% for 24 months, to a maximum of 60,000 barrels.

Sterling Resources announces closing of $44.5 million bought deal financing including over-allotment option

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Sterling Resources Ltd. (TSX-V:SLG) ("Sterling" or the "Company") is pleased to announce the closing of its previously announced offering (the "Offering") of 21,055,000 common shares (the "Shares") at a price of $1.90 per Share. The Underwriters also exercised in full their over-allotment option to acquire an additional 2,368,500 Shares at a price of $1.90 per Share. The total offering of 23,423,500 Shares resulted in Sterling receiving aggregate gross proceeds of $44,504,650.