Africa Oil Announces $20 Million Private Placement

Africa Oil Corp. (TSX VENTURE: AOI) ("Africa Oil" or "the Company") reports that it has agreed to sell on a non-brokered, private placement basis, an aggregate of up to 20 million common shares of the Company at a price of Cdn $1.00 per share for gross proceeds of up to Cdn $20 million.

A 5% finder's fee may be payable on a portion or all of the private placement.

Net proceeds of the private placement will be used towards the Company's ongoing work program in East Africa as well as for general working capital purposes. Shares issued pursuant to the private placement will be subject to a four month hold period.

HENDERSON, Nev. - July 8, 2010 (Investorideas.com energy newswire) - Indigo-Energy, Inc. (OTCBB:

) is announcing today an update on recent developments and progress made on the wells that have been drilled in the Illinois Basin. As was previously announced, the Company, along with its operating partners in the Basin, drilled and completed three natural gas wells in a “hub and spoke” design which included one vertical and two horizontal natural gas wells. Also, the Company drilled and completed one horizontal oil well in the same field. In a phone interview earlier this week, Indigo President and CEO Steve Durdin offered the following progress report on the work being done to get all of the wells into full time production.

Ivanhoe Energy successfully reaches total depth at second Ecuador well and provides update on first well

Santiago Pastor appointed Vice President, Operations for Ivanhoe Energy Ecuador

David Dyck, President and Chief Operating Officer of Ivanhoe Energy Inc. (TSX: IE, NASDAQ: IVAN), and David Martin, President and Chief Executive Officer of Ivanhoe Energy Latin America, announced today that the company's second well, IP-5b, located in the Pungarayacu field on Block 20 in Ecuador has successfully reached total depth and logging activities have commenced.

The company's operations in Ecuador are being led by Santiago Pastor, an important new addition to the Ivanhoe Energy Ecuador team. Mr. Pastor, newly appointed Vice President, Operations, joined the company from a senior position at Petrobras Ecuador.

Canoro Resources Ltd. Closes $13.9 Million Financing and Appoints New Directors Resident in India

Canoro Resources Ltd. ("Canoro" or the "Company") (TSX VENTURE:CNS) is pleased to announce the closing of its previously announced prospectus rights offering (the "Offering"). Under the fully subscribed Offering, the Company raised total gross proceeds of approximately CDN$13.9 million and issued 138,771,162 common shares of the Company ("Common Shares") to shareholders who exercised their Rights. Under the Offering, each eligible shareholder of the Company received one right ("Right") for each Common Share held and each Right was exercisable for one Common Share at a price of $0.10 per Common Share.