Bakken Formation

CALGARY, ALBERTA--(Marketwire - Dec. 1, 2008) - Enseco Energy Services Corp. (TSX VENTURE: ENS) ("Enseco" or "the Company") announces its consolidated financial results for the three and six months ended September 30, 2008. HIGHLIGHTS - Revenue increased by 47% to $8.9 million and 48% to $13.2 million for the three and six months ended September 30, 2008 as compared to $6.1 million and $9.0 million for the three and six months ended September 30, 2007. - The Company's U.S. Bakken Operations situated in North Dakota contributed $1.8 million and $3.0 million of revenue during the three and six months ended September 30, 2008. Enseco moved a second Swabbing rig into North Dakota in early November 2008 to meet increased customer demand for these services. - The Company's Directional Drilling division has shown a 750% increase in revenue for three and six months ended September 30, 2008 and produced operating income of $394 thousand for ...

DUBLIN, Ireland--(BUSINESS WIRE)-- Research and Markets (http://www.researchandmarkets.com/research/fd9214/encore_acquisition) has announced the addition of the "Encore Acquisition Company, Oil and Gas Valuation Report" report to their offering. Encore Acquisition Company Oil and Gas Valuation Report is the essential source for those interested in the investment outlook for Encore. The report provides exhaustive information on the areas of operations of the company as well as the market overview of the regions in which the ...

CALGARY, ALBERTA--(Marketwire - Nov. 28, 2008) - Second Wave Petroleum Inc. ("Second Wave" or the "Company") (TSX VENTURE: SCS) is pleased to announce its operating and financial results for the three and nine months ended September 30, 2008, the purchase of a CO2 Processing Plant in the Battle Creek area of Saskatchewan and the successful drilling of its first two horizontal Mannville oil wells in Provost. Highlights: - Production increased to 933 boe/d, up 85% from the first quarter of 2008 (41% on a fully diluted share basis). Production is currently 1,200 boe/d (60% oil weighting) and the Company remains on track to meet its exit target of 1,250 boe/d. - Funds from operations increased to $2,250,000, up 39% from the first quarter of 2008. - Successfully drilled its first horizontal Mannville oil well (100 % W.I.) in Provost in the third quarter, with a second 100% horizontal drilled early in the fourth quarter ...

CALGARY, ALBERTA--(Marketwire - Nov. 27, 2008) - Petrobank Energy and Resources Ltd. ("Petrobank" or the "Company") (TSX: PBG) announces that it has today received copies of two letters (the "Correspondence") from the Energy and Resources Conservation Board ("ERCB") to objecting parties that indicate that the ERCB has decided that the three well expansion at Petrobank's Whitesands site (the "Expansion") has met all regulatory requirements and the ERCB will issue their approval document in due course ("Decision"). The objective of the Expansion is to further demonstrate Petrobank's THAI(TM) technology, an evolutionary in-situ combustion technology for the recovery of bitumen and heavy oil. The Expansion will allow Petrobank to draw upon the knowledge and know-how gained through the development of our existing Whitesands project. We are also excited about this opportunity to further utilize our proprietary CAPRI(TM) technology, our revised down-hole completion design and longer well lengths. It is one of Petrobank's core values ...

CALGARY, ALBERTA--(Marketwire - Nov. 26, 2008) - Painted Pony Petroleum Ltd. (TSX VENTURE: PPY.A) (TSX VENTURE: PPY.B) ("Painted Pony" or the "Company") is pleased to report the financial and operational accomplishments since the end of the second quarter of 2008. The Company has: - Attained the 1,000 boe/d production milestone with September 2008 production averaging 1,060 boe/d, - Exited the 3rd quarter with positive working capital of $21.3 million and no debt, - Increased the bank credit facilities to $22.0 million, undrawn to date, - Accumulated in Saskatchewan 43,880 net acres of developed and undeveloped land plus have access to 52,000 net acres of option lands and 88,700 net acres of developed and undeveloped land in BC; and - Enjoyed third quarter 2008 field netbacks of $87.82/bbl for SE Saskatchewan oil. Growing Production The Company grew production 17% compared to the second quarter to average 925 boe/d in the third quarter, made up of 52% oil and ...