"EOG boss 'astounded' at gas dash"

Upstream

EOG Resources chief executive Mark Papa said today it is "astounding" that the company's competitors plan to increase natural gas production this year despite slumping prices...

First UK shale gas fracking now under way: Cuadrilla

Via Platts:

Cuadrilla Resources Monday afternoon started fracking its Preese Hall shale gas well in Lancashire, a spokesman for the company told Platts Tuesday.

This is the first time fracking has been carried out for shale gas in the UK.

The spokesman said that fracking would take place for a few hours at a time in bursts over the next two or three weeks, with the second operation expected later this week.

The company would then look to study how much gas flowed out of the test well near Blackpool over the following weeks.

Zargon frakkaan Lodgepolea Manitobassa

Maaliskuun presentaatiosta:

PBN + Nordegg?

PBN HZ LATORNLL 15-2-63-1
PRODUCTION - NPW (C)

Well ID: 00/15-02-063-01W6/0
Fluid: CRUDE OIL
Licensee: PETROBAKKEN ENERGY LTD.
License Date: 15-Mar-2011
Projected Depth: 4,330.0 m
Field: LATORNELL
Terminating Zone: FERNIE GRP

PGNiG plans boost to shale acreage

Upstream

Poland's gas monopoly PGNiG will apply for five licenses to explore potential unconventional shale oil resources in Poland, deputy head Marek Karabula said today.

The licenses will add to shale gas licenses PGNiG already owns, Karabula said.

"We are preparing five motions to the Environment Ministry to expand our licenses to include exploration for shale oil," Reuters quoted Karabula as telling reporters.

PGNiG, along along with major oil and gas companies including US supermajors Chevron and ExxonMobil , is involved in shale gas in Poland.

The monopoly, which produces some 4 billion cubic metres of conventional gas annually, has 15 licenses for its unconventional gas and expects some more precise estimates of its resources in the second half of 2011.

Stettler/Big Valley

FORT CALGARY PROVOST 11-15-38-10 0432375 FREEHOLD 761.7M
100/11-15-038-10W4/00 S 606.9M E 601.7M WAINWRIGHT 1075.0M
NPW (C) PROVOST STETTLER FM
VERTICAL NEW PRODUCTION CRUDE OIL
FORT CALGARY RESOURCES LTD. 11-15-038-10W4

Kts. aiempi.

Rekappi, jossa potentiaalia?

Marketvision Announces Completion of $500,000 Private Placement and Changes to Board of Directors

TORONTO, ONTARIO, Jan. 10, 2011 (Marketwire) --

Marketvision Direct, Inc. (TSX VENTURE:MKT) (the "Company" or "Marketvision") is pleased to announce that further to its press release of December 21, 2010, it has completed a non-brokered private placement of 6,250,000 units ("Units") at a price of $0.08 per Unit for gross proceeds of Cdn.$500,000 (the "Offering"). Each Unit consists of one common share and one-half of one common share purchase warrant (a "Warrant"). Each whole Warrant entitles the holder to acquire one common share of Marketvision for a period of 24 months, at an exercise price of $0.12 per share. The Offering was fully subscribed by Mr. Dennis A. Sharp, P. Eng. and Glenburn Farms Limited, a company controlled by Mr. D. Campbell Deacon.

The common shares and warrants carry a four-month hold period under Canadian securities laws from the date of issuance.

Proceeds from the Offering will be used to review potential acquisition opportunities of heavy oil properties in Albania, through the Company's wholly owned Albanian subsidiary APIC Petroleum Corp., and for general corporate purposes.

The Company also wishes to announce that Mr. Dennis Sharp has been appointed as Chief Executive Officer (CEO) and Chairman of the Board of Directors of the Company and Mr. Deacon has been appointed as a director of the Company. Mr. Thomas Vukovich, the former CEO, will remain with the Company and will continue to serve as a director. In order to accommodate the changes to the Board of Directors, Mr. Peter Kent and Mr. Sean Morris have stepped down as directors of the Company.

"On behalf of the Board of Directors, I wish to thank Peter Kent and Sean Morris for their dedication and service to the Company and wish them well in their future endeavors", commented Thomas Vukovich, Director. He continued: "I am delighted to welcome Dennis Sharp and Campbell Deacon to the Company. Their expertise and experience in the capital markets and in developing oil and gas projects will be instrumental in furthering the development and growth of the Company. Looking forward, we will continue to strengthen our management team and add new skills as the Company works to acquire oil concessions in Albania."

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. All dollars in this release are in Canadian funds.

Dennis Sharp

Tuoreimman Albertan PNG-huutiksen tuloksia

Kauppa sulkeutui päättyi eilen ja tulokset on julkaistu. Alla poimintoja.

Etelä-Alberta:

A0060 (4-26-010) 100% SCOTT LAND & LEASE LTD. 862,146.56 3,367.76
A0061 (4-26-010) 100% SCOTT LAND & LEASE LTD. 862,146.56 3,367.76
A0062 (4-11-011) 70% HANNA OIL & GAS COMPANY - CANADA UL C 1,205.76 4.71
30% FIREFLY RESOURCES LTD.
A0063 (4-22-011) 100% CANADIAN COASTAL RESOURCES LTD. 151,676.16 789.98
A0064 (4-22-011) 100% CANADIAN COASTAL RESOURCES LTD. 117,465.60 458.85
A0065 (4-22-011) 100% CANADIAN COASTAL RESOURCES LTD. 117,465.60 458.85
A0066 (4-25-011) 100% ARGOSY ENERGY INC. 928,453.12 3,626.77
A0067 (4-14-012) 100% CANADIAN NATURAL RESOURCES LIMITED 29,173.76 113.96
A0068 (4-25-012) 100% LANDSOLUTIONS GP INC. 506,334.72 1,977.87
A0069 (4-25-012) 100% LANDSOLUTIONS GP INC. 353,758.72 1,381.87
A0070 (4-25-012) 100% CAVALIER LAND LTD. 273,374.72 1,067.87
A0071 (4-25-012) 100% STANDARD LAND COMPANY INC. 335,810.56 1,311.76

GSY maksoi korkeimman hinnan Bakken-Exshaw-resurssin sisälle mahtuvista maapaketeista, joka oli noin $1,400 per eekkeri T11-R25:ssa sijaitsevasta paketista. Scott Land & Lease maksoi myös aika kovan hinnan T10-R26:ssa ainosta tarjolla olleesta mineraalioikeuspaketista: noin 1,300 dollaria per eekkeri. Muut hieman pohjoisemmassa olevat syvien oikeuksien paketit menivät selvästi halvemmilla hinnoilla: $400-$900 per eekkeri.

Oikeudet GSY:n Ante Creek-maiden läheisyydessä läntisessä Keski-Albertassa myytiinkin sitten pääasiassa huomattavasti korkeammilla hinnoilla, mikä on ymmärrettävää sillä tuolla on useita päällekkäisiä potentiaalisia vyöhykkeitä(Montney, Nordegg, Duvernay), joista osassa geologinen riski on varsin pieni. Poimintoja hintavista paketeista:

A0380 (5-24-063) 100% SCOTT LAND & LEASE LTD. 1,462,446.08 5,712.68

B0468 (5-23-064) 100% WINDFALL RESOURCES LTD. 3,336,837.12 4,344.84

B0470 (5-25-064) 100% WINDFALL RESOURCES LTD. 1,112,279.04 4,344.84

B0471 (5-26-064) 100% CANADIAN COASTAL RESOURCES LTD. 3,053,888.00 2,385.85

Korkeimmat hinnat vaihtelevat $900:sta yli $2200 per eekkeri(tiedotteessa hinnat per hehtaari). Se mihin muodostelmiin paketit sisältävät oikeudet vaihtelee ja tarkempi kuvaus pakettien sisällöstä löytyy täältä.

Argosy-mietteitä: Tuota Etelä-Albertan maiden hintatasoa voi varmaankin pitää melko positiivisena merkkinä. Kuten tuossa yhdessä aiemmassa postauksessa olevassa kartasta näkyy varsin pieni määrä alueen mineraalioikeuksista on enää vapailla markkinoilla ja ison yhtenäisen maa-blokin hankkiminen Bakken-Exshaw-resurssin ympäristöstä on käytännössä mahdotonta.
En tiedä missä vaiheessa yhtiön ensimmäinen horisontaali on, mutta tuo maakauppa on saattanut pidätellä Argosyn tiedottamista kaivon edistyksestä ja tuloksista.