--(www.USEquityNews.com)-- 06/27/2008 - Oil and Gas Exploration industry alert provided by U.S. Equity News. Shares of BPZ Resources Inc. (AMEX: BZP) soared Thursday after the oil and gas exploration and production company said it is in talks with a unit of Royal Dutch Shell PLC about jointly developing properties in Peru. Under terms of a memorandum of understanding signed by BPZ and Shell Exploration Co., the companies agreed to negotiate terms of a so-called farmout agreement whereby Shell may earn a stake in three northwestern Peru properties that are believed to hold significant crude oil and natural gas reserves.
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Canadian Superior Energy Inc. ("Canadian Superior" or the "Company") (AMEX: SNG), as Operator, along with its partners BG International Limited ("BG"), a wholly owned subsidiary of the BG Group plc , and Challenger Energy Corp. ("Challenger") , announced recently the wireline logging of the "Bounty" well on the "Intrepid" Block 5(c) at an interim total depth based on a zone of interest indicated by the logging-while-drilling tool and mud logs. Craig McKenzie, Canadian Superior's Chief Executive Officer, said, "The wireline logging operations are still underway, but already wireline logging has shown approximately 200 feet of pay in a developed sand interval that the logs indicate is hydrocarbon bearing. Following the completion of current wireline logging activities, drilling will resume targeting further objectives in the well; flow testing of the zone logged to date is planned thereafter once the well reaches its total depth.
Holloman Energy Corporation (OTCBB: HENC) (``the Company'' or ``HENC''), through its Chairman, Mark Stevenson, is pleased to announce that John Crosby has agreed to join the Holloman Energy team. As can be seen from the short bio below, he is a perfect match for Holloman Energy Corp. ``Holloman's invitation to join its talented International team to assist in its focus on Australia comes at a time when oil and gas issues are vital and interest is high in its large and well placed acreage portfolio. Thus the invitation to assist in guiding them in my Country is enthusiastically accepted,'' said Crosby. For a full report visit www.stocksjournal.com
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