The new name, Lightstream Resources Ltd., represents the company's strategic focus on effectively developing light oil resource plays to deliver growth and a sustainable dividend for its shareholders.

In addition to the 11 producing wells there are 10 permitted well locations from a total of 45 gross drilling locations in the area of the Williston Basin along the Mackenzie County/Mountrail County border.

One of the best Red River wells in the Minton-Hardy South area is within 150 metres of J19 and several new horizontal wells are now targeting oil in the Bakken formation adjacent to Petro One's properties.

The Sail and Anchor 3-13-14 HBK (horizontal Bakken) well completed drilling the 8-3/4” intermediate hole, set and cemented 7” casing at 11,675 feet measured depth at 86 degrees in the upper Middle Bakken.

The Polar System is designed to gather 50,000 barrels of crude oil per day and 25,000 barrels of water per day from the Bakken and Three Forks shale formations in North Dakota.

New pipeline project adds up to 120,000 barrels per day takeaway capacity for producers throughout the Bakken region, scheduled to be online in 2014.

Completion of the sale of the royalty interests is subject to customary closing conditions, and closing is expected to occur within the next week.

The Sail and Anchor 3-13-14 HBK well is presently drilling ahead in the Lodgepole Formation at a measured depth of 11,514 feet.

DeeThree has been very active on the Ferguson Alberta Bakken property since quarter end and currently has two rigs drilling on the property.

With the addition of the second rig, the company now expects to drill two gross wells per month.

Sail and Anchor is targeting the Middle Bakken zone, which is produced in the offset wells.

Abraxas Petroleum Corp. is a San Antonio-based crude oil and natural gas exploration and production company with operations across the Rocky Mountain, Mid-Continent, Permian Basin and onshore Gulf Coast regions of the United States and in the province of Alberta.

Halcon averaged eight operated rigs (six in Fort Berthold, one in Marmon and one in New Home II) and spud 22 wells (17 in Fort Berthold, one in Marmon and four in New Home II) on its operated acreage in the Williston Basin during the first quarter.

First quarter average production of 49,078 boepd was comprised of 19,029 boepd from the Bakken business unit and 20,614 boepd from the Cardium business unit, with the remainder from the Saskatchewan Conventional and AB/BC business units.

Stratex is an independent energy company focused on the exploration, acquisition, and production of crude oil in the Bakken and Three Forks formations in North Dakota and Montana.