Alange Energy Files Independent Reserve and Resource Assessment for Eleven Colombian Oil and Gas Properties on SEDAR; Topoyaco prospective resources increased by 19.3 million barrels

Alange Energy Corp. (TSXV: ALE) announced today the filing on SEDAR (www.sedar.com) of the independent reserve and resource assessment report dated as of April 30, 2010 (the "Petrotech Report") prepared by Petrotech Engineering Ltd. ("Petrotech"), of Burnaby, Canada, relating to the current resource base of Alange Energy, in eleven oil and gas exploration and production properties in four basins in Colombia.

The Petrotech Report reserve and resource estimates set out in this press release were prepared in accordance with the requirements of Canadian National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities. Capitalized terms related to resource classifications used in this press release are based on the definitions and guidelines in the Canadian Oil and Gas Evaluation Handbook ("COGEH").

Hess Corporation to Acquire American Oil & Gas Inc.

Hess Corporation (NYSE: HES) and American Oil & Gas Inc. (NYSE-AMEX: AEZ) jointly announced today that Hess has agreed to acquire American Oil & Gas pursuant to a merger agreement approved by the Boards of Directors of both companies in an all-stock transaction. The acquisition will increase Hess’ strategic acreage position in the Bakken oil play in North Dakota by approximately 85,000 net acres.

Under terms of the agreement, Hess has agreed to issue 0.1373 shares of its common stock in exchange for each outstanding share of American Oil & Gas’ common stock. This represents a 9.4 percent premium to American Oil & Gas stockholders based on the closing stock prices of Hess’ and American Oil & Gas’ shares on July 27, 2010. It is expected that Hess would issue approximately 8.6 million shares for all outstanding American Oil & Gas shares and options on a net settlement basis.

Point Roberts, South Salem, New York- July 19, 2010 - Investorideas.com and its green investor portal, www.renewableenergystocks.com report on new solar stocks commentary from solar contributor, J. Peter Lynch,“ Solar stocks show signs of life.”

Solar Stocks Commentary with J Peter Lynch

http://www.renewableenergystocks.com/PL/

Exclusively for InvestorIdeas.com and Renewableenergystocks.com

Full News/Article: http://www.investorideas.com/PL/news/7191.asp

Since the market peaked in late April the market has been struggling to keep its head above water.  There is a lot of fear out there and when markets are acting like they currently are – i.e. multiple series of lower tops and lower bottoms – it is NOT a good sign.

Covenant Resources Abandons Early Stage Mining Property to Focus on Oil and Gas

Covenant Resources Ltd. (CVA - CNSX),(the "Company") wishes to announce that in order to focus on oil and gas opportunities, the Company has decided to allow the option on its early stage Piebiter mining property to lapse.

Based on the difficult market conditions for junior exploration companies in the mining sector, and based on the limited success to date on the exploration of the Piebiter property, the Company felt that it was in the best interests of shareholders to suspend any further expenditures on the mining property.

Covenant's board of directors determined that there were other superior opportunities available in the energy sector. The Company is currently in discussions with a private oil and gas company and expects a letter of intent to be drafted within the next couple of weeks.