Eland Oil & Gas received its reserves and resource evaluation from Netherland, Sewell, & Associates Inc. (NSAI). The report is based on information gathered prior to June 30. The results of the NSAI Report show a material increase in the quantum and value to Eland of the reserves and resources of Nigeria’s OML 40 as […]

Circle Oil increased its holdings in Tunisia with the signing of an agreement to take the remaining 30% working interest in the offshore Mahdia exploration license from Tethys Oil and Mining Inc. Under the terms of the agreement Circle Tunisia will, subject to the approval of the Tunisian authorities, acquire the remaining 30% interest in […]