Exploration

AIM-listed explorer Circle Oil makes $15.1 mn in revenues

In a letter to shareholders, Circle chairman Thomas Anderson said it had achieved an average oil price of $65.90 per barrel in 2009 and a gas price of $7.20 per thousand cubic feet resulting in its first gross profit of $7.37 mn.

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Egypt onshore delivers for Dana

UK-based explorer Dana Petroleum has won an onshore double in Egypt, taking the sting out of dusters drilled in Egypt's offshore and in the UK North Sea.

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Universal Reports Resource Estimates for Namibia Block

Universal Power announced prospective resource estimates for the Company's 90 per cent owned 2713A Exploration Licence, representing approximately 16 per cent of Universal's net land position in offshore Namibia.

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Sea Dragon Reaches TD at Egyptian Wells

Sea Dragon provided the following update on its drilling operations in Egypt.

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Universal awarded additional Blocks in off Namibia

Universal Power Corp. announced that it has been awarded a Petroleum Exploration Licence ("PEL") for the offshore Namibian blocks 2813A, 2814B, and 2914A by the Ministry of Mines and Energy ("MME") of the Republic of Namibia.

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