Pan Orient's Well All Wet in Indonesia

- Pan Orient's Well All Wet in Indonesia

Tuesday, August 02, 2011
Pan Orient Energy Corp.

Pan Orient reported that the SE Tiung-1 well, in which the Company holds a 97 percent working interest, is currently being plugged and abandoned at a true vertical depth of 5,973 feet. Oil shows and good quality sands were encountered within the primary Lower Talang Akar target horizon but wire line logging indicated the zone to be water bearing. The secondary objective of the Gumai and Upper Talang Akar formation sands were also present, but interpreted as being water bearing.

SE Tiung-1 was drilled on budget, but due to the repeated down time, rig repairs and resultant delays experienced during the drilling of Tuba Obi Utara-1 and SE Tiung-1, the decision has been made to release this drilling rig and defer the drilling of Betano-1 exploration well for cost and safety considerations.

Preliminary approval has been received for three additional wells planned for the Batu Gajah PSC (Tuba Obi Utara-2, Kemala-1 and Shinta-1) later in 2011, with final approval expected this week. The company is currently focused on accelerating the commencement of the drilling of these additional wells (two exploration wells and one appraisal well) with drilling to commence perhaps as early as October 2011.

The results at SE Tiung-1 have no bearing whatsoever on the prospectivity of the upcoming three well program and we remain confident in the overall hydrocarbon potential of the Batu Gajah PSC.

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Edge's Drilling Program Delayed Due to Wet Weather

- Edge's Drilling Program Delayed Due to Wet Weather

Wednesday, July 20, 2011
Edge Resources Inc.

Edge Resources provided the following operational update in response to the recent flooding and extremely wet weather in the area of Eckville, Alberta, where the Company currently operates the majority of its producing natural gas wells.

Eckville has recently made news headlines because of heavy rains and flooding in and around the town. While the Company is disheartened by the loss and damage to property in and around Eckville, Edge is pleased to announce that none of its production or current operations have been adversely affected by the flooding.

The Company had hoped to initiate its summer 2011 drilling program this week; however, the extremely wet conditions have delayed the initiation of this program as well as delayed additional completion and tie-in activities in the area. The Company expects that it will be in a position to move a drilling rig into the area in August, with the help of warmer, drier weather.

In the meantime, the Company will continue with preparatory, regulatory and pre-construction administrative work for these and additional projects.

Brad Nichol, President and CEO of Edge commented, "It is devastating what has happened to the residents in the Eckville area. Edge has always employed a strategy of utilizing local contractors and supporting the local economy in its operations, so the flooding is more than just a newspaper headline to us. Some residents have reported that this was the worst storm in 45 years, which resulted in the closure of highways and bridges."

Edge's main producing natural gas property is approximately 30 km west of Eckville, near the town of Leslieville, Alberta.

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Kosmos' Makore-1 Well All Wet

- Kosmos' Makore-1 Well All Wet

Friday, July 15, 2011
Tullow Oil plc

Kosmos' Makore-1 exploration well on the West Cape Three Points Block offshore the Republic of Ghana encountered 37 meters (121 feet) of good-quality Campanian-age water-bearing sandstone reservoirs and 46 meters (151 feet) of good-quality Turonian-age water-bearing sandstone reservoirs. The Makore-1 well was Kosmos' first well in the southeastern portion of the block. The well explored a stratigraphic trap in a Turonian-age fan system.

The Makore-1 well is located 25 km (15 miles) southeast of the company's Mahogany-1 exploration well that discovered the Jubilee Field. The Atwood Hunter semisubmersible rig drilled the Makore-1 well in a water depth of 1,409 meters (4,623 feet) to a total depth of 3,876 meters (12,716 feet). The Atwood Hunter will remain on the block to drill the Akasa-1 exploration well, formerly known as the Dahoma Up-dip prospect. The Akasa-1 well is expected to be spudded shortly.

Kosmos is the operator of the West Cape Three Points Block in which the company holds a 30.875% interest. An affiliate of Anadarko Petroleum Corporation has a 30.875% interest; an affiliate of Tullow Oil plc has a 22.896% interest; E.O. Group Limited has a 3.5% interest; Sabre Oil & Gas Holdings Limited has a 1.854% interest; and the Ghana National Petroleum Corporation has a 10% carried interest.

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