Posts Tagged ‘calgary-based’

Ivanhoe Energy sells China block to MIE for $45m

by on November 21, 2012 3:52 pm BST
Hong Kong-listed MIE, which holds assets in China, the United States and Kazakhstan, will gain 100% of the foreign contractor's rights at Petrochina’s Dagang production sharing contract in Hebei province, eastern China under the deal.The block held 2.5 million barrels of proven and probable reserves as of 31 December 2011, according

Penn West agrees sell-offs worth $1.3bn

by on October 17, 2012 12:50 pm BST
The Calgary-based, New York- and Toronto-listed explorer did not identify the assets or the buyers, but confirmed more than one sale was involved and that the properties currently yielded production of 12,000 barrels of oil equivalent per day.The company said it expected the sales to close before year’s

Baytex steams up in Alberta oil sands

by on October 2, 2012 1:26 pm BST
The Calgary-based player will gain a 100% working interest in about 46 sections of undeveloped oil sands leases in the Cold Lake area of north-east Alberta under the acquisition, to be funded by a credit facility and expected to close early this month.The acquired turf, which is close

Oil Optimization in Thai farm-out

by on August 16, 2012 12:59 pm BST
The Calgary-based explorer has penned the deal with Rockstone Petroleum with respect to its 100%-owned Block 214/50 in the north Phetchabun basin.Rockstone is to initially fund a 50-line-kilometre 2D seismic acquisition for $750,000 to get a 20% slice in the block. A further $50,000 would secure it