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Finance News
The most recent oil and gas industry financial headlines.
Cequence Cites Exploration Success in 4Q Results
Thursday, March 18, 2010 - Cequence Energy announced its operating and financial results for the fourth quarter and the year ended December 31, 2009.
Xcite Closes Offering to Fund Bentley Field Development
Thursday, March 18, 2010 - Xcite Energy has successfully raised gross proceeds of C $38.4 million through its previously reported placing of new ordinary shares, principally to institutional investors.
Plexus Makes Solid Progress in 2009
Thursday, March 18, 2010 - Plexus' Chief Executive Ben van Bilderbeek said, "Plexus has continued to make solid progress resulting in first half results ahead of management expectations."
Gallic Energy Enters LOI to Purchase Canadian Properties
Thursday, March 18, 2010 - Gallic Energy has entered into a letter of intent agreement with Sahara Energy to negotiate the acquisition of Alberta and Saskatchewan properties and the assumption of Sahara's secured debt.
Gallic Energy Enters LOI to Purchase Canadian Properties
Thursday, March 18, 2010 - Gallic Energy has entered into a letter of intent agreement with Sahara Energy to negotiate the acquisition of Alberta and Saskatchewan properties and the assumption of Sahara's secured debt.
St. Mary Maintains Borrowing Base at $900MM
Thursday, March 18, 2010 - St. Mary announced the re-determination of the borrowing base on its existing credit facility.
Market Report: How Nat. Gas Production Saved the Economy
Thursday, March 18, 2010 - Oil prices have been very volatile, yet the possibility and the promise of a more stable energy price is due to US natural gas producers' victory over US "peak" natural gas production, according to analyst Phil Flynn.
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