GeoGlobal Announces KG Offshore Field Development Plan Approval

GeoGlobal Resources Inc. (GeoGlobal or the Company) (AMEX:GGR) announced today that all signatures for the approval of the Field Development Plan for the Deen Dayal West Gas Field in the KG-OSN-2001/3 (KG Offshore) exploration block have been obtained.

As previously reported on June 18, 2009, GSPC submitted the Deen Dayal West Field Development Plan in accordance with the provisions of the Production Sharing Contract to the Management Committee including the Government of India for approval.

The Field Development Plan was approved with the following details:
- Includes fifteen wells; four existing wells (KG#8, KG#15, KG#17 and KG#28) and eleven new development wells which include three slant wells and eight multilateral wells to be drilled.

Cobra Venture Provides Operational Update

Cobra Venture Corporation ("Cobra") (TSX VENTURE: CBV) is pleased to provide an operational update to its shareholders and prospective investors.

At Viewfield, Saskatchewan, two horizontal wells have now been drilled and completed on Cobra's lands by a well-known intermediate exploration corporation with interest in the Bakken exploration play, in Saskatchewan. Cobra has retained a 20% overriding royalty interest in these wells. Cobra recently received an initial royalty payment for the month of August and is pleased with initial flow rates and royalties received. An additional 2 two leg horizontal wells are currently being drilled and completed under the terms of the same agreement. Cobra intends to announce final results from this exploration program once production data from the 4 wells is stabilized.

U.S. Energy Corp. Announces Initial Production Rate of Approximately 1,776 BOE/D From the BCD Farms 16-21 #1H Bakken Well

U.S. Energy Corp. (Nasdaq: USEG) ("USE" or the "Company"), a natural resources exploration and development company with interests in oil and gas, molybdenum, geothermal, and real estate assets, today announced the initial production rate from its BCD Farms 16-21 #1H Bakken well and provided an operations update regarding the Williston Basin drilling program.

Williston Basin - Bakken Drilling Program
The BCD Farms 16-21 #1H well, which is operated by Brigham Exploration Company (NASDAQ: "BEXP") ("Brigham" or "BEXP"), flowed at an initial 24-hour production test rate of approximately 1,553 barrels of oil and 1.34 MMCF of natural gas per day or 1,776 BOE/D.

Hiland Partners, LP and Hiland Holdings GP, LP Announce Increase in Offered Merger Consideration by Harold Hamm

Hiland Partners, LP (Nasdaq: HLND) and Hiland Holdings GP, LP (Nasdaq: HPGP) announced today that Harold Hamm has proposed to increase the merger consideration to be received by the common unitholders of each of Hiland Partners and Hiland Holdings in the proposed mergers of Hiland Partners and Hiland Holdings with affiliates of Mr. Hamm.

Mr. Hamm, on behalf of certain of his affiliates, today delivered to the Hiland Partners conflicts committee a proposal to amend the merger agreement with Hiland Partners to increase the merger consideration from $7.75 to $10.00 per common unit in cash.