Valeura Energy completed eight well re-entry fracs over the July to December 2011 period in the deeper, undeveloped tight gas sands in the Mezardere formation in the Thrace Basin. An additional seven wells have been frac’d to date in the first quarter 2012.

Halliburton has confirmed that it will mobilize its hydraulic stimulation equipment to the Perth Basin following completion of its current program of work in eastern Australia, with final timing for the delivery of equipment subject to weather and completion of operations.

TAG Oil Ltd. (TSX: TAO and OTCQX: TAOIF) announced that the Company is initiating a $66 million capital expenditure program within the 100%-controlled Cheal and Sidewinder fields in the Taranaki Basin, New Zealand.

TransAtlantic Petroleum Ltd. announced management changes and provides an update of the Company's operating activities.

The Cheal-C1 and C2 wells are important step-out wells as they are located approximately 3.5 km's to the northwest of TAG's recently announced Cheal-B5 well and they significantly extend the known oil-and-gas saturation area within the Cheal permit.

The biggest complex of its kind in Australia, the scope of the project has grown from $80 million to $100 million in response to overwhelming feedback and demand from the oil and gas industry in Western Australia.

In June 2010, Mitsubishi acquired a 50% interest in 13 conventional oil and gas exploration permits owned by Buru in the Canning Superbasin located in the Kimberley region.

This concession brings the company's total acreage in Europe to approximately 4.4 million net acres, in 5 separate basins.

The well is naturally flowing at an average rate of 1,870 barrels of oil equivalent per day, consisting of 1,700 barrels of oil and 1.0 million cubic feet of gas per day flowing through a 40/64" choke over a five-day test period.

The company has received consent from the Taranaki Regional Council (TRC) and the Stratford District Council (SDC) to drill 18 new wells within TAG's 100%-owned Cheal Oil and Gas Field in New Zealand.

Electric log analysis of these wells indicates high-quality oil pay in the targeted Mt. Messenger and Urenui Formations.