--(www.USEquityNews.com)-- 05/29/2008 - Oil and Gas Exploration industry alert provided by U.S. Equity News. Approach Resources Inc. (NASDAQ:AREX) (``Approach'' or the ``Company'') recently announced that Yorktown Energy Partners V, L.P. (``Yorktown V'') has advised the Company that Yorktown V distributed a total of 940,979 shares of Approach common stock to Yorktown V limited and general partners after the market closed on May 27, 2008, in accordance with the terms of Yorktown V's partnership agreement. Following the distribution, Yorktown V, together with Yorktown Energy Partners VI, L.P. and Yorktown Energy Partners VII, L.P., will continue to hold 8,468,809 million shares of the Company's common stock, representing 41% of the Company's outstanding shares.
FX Energy, Inc. (NASDAQ: FXEN) announced recently that the Company will make a presentation at the IPAA Oil and Gas Investment Symposium London. The presentation is scheduled for June 3, 2008, at 10:15 a.m. Eastern and will be webcast. A link to the webcast will be available on the homepage of the FX Energy website at http://www.fxenergy.com. For those unable to participate during the live webcast, a replay of the presentation will also be available on the Company's website.
Venoco, Inc. (NYSE: VQ) recently announced that Bill Schneider, President, will be making a presentation at the IPAA Oil & Gas Investment Symposium in conjunction with the Credit Suisse Oil & Gas Conference on Tuesday, June 3, 2008 at 11:00 a.m. Eastern Time (9:00 a.m. Mountain).
Holloman Energy Corporation (OTCBB: HENC) (``HENC'') filed first quarter 2008 financial results recently. Although HENC did not generate any revenues during the three months ended March 31, 2008, HENC reported a one-time gain of $784,000 on the divestiture of its Canadian assets, resulting in net income of $557,000 ($0.01 per share). ``With the Canadian divesture complete,'' stated HENC Chairman Mark Stevenson, ``we can concentrate on maximizing activity on the 2.3 million acres of concessions we hold in Australia's Cooper/Eromanga, Barrow and Gippsland basins. We are currently engaged in discussions with several companies entertaining drilling participations.'' Stevenson continued, ``With the steep increase in oil price, we expect interest to escalate.''
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