Blue Water Petroleum Corp. Completes Drilling of Production Well, Begins Drilling New Well

Blue Water Petroleum Corp.

OTCQB : BWPC
BERLIN : BWPC

CENTENNIAL, COLORADO--(Marketwired - Aug. 29, 2013) - Blue Water Petroleum Corp. (OTCQB:BWPC)(BERLIN:BWPC) (the "Company", "we", "us" or "our") announced that they have completed drilling on the # 31122 Tribal well in Big Horn County, Montana. The well was drilled to a total depth of 824 feet, and was successfully cased, cemented, and perforated. The well is the 4th well in a planned 5 well production unit.

The drilling rig has moved onto the location of the fifth well, the # 41122 Tribal, drilling has commenced and surface casing has been set at 80 feet.

The project is scheduled to produce shallow oil by injection of steam in a central well that will drive oil to four surrounding production wells in a 40 acre production unit.

About Blue Water Petroleum Corp.

Blue Water Petroleum Corp. is an oil and gas company that has an agreement to develop shallow oil resources on up to 12,979 leased acres in southeastern Montana. For further information please contact Ellis Martin at 1-888-498-8880.

This press release contains forward-looking statements about the Company and its business, plans, expectations and intentions. Forward looking statements are statements that are not historical facts and include, but are not limited to, statements about the Company's drill plans, expected results and future success. The forward-looking statements in this press release are subject to various risks, uncertainties and other factors that could cause the Company's actual results or achievements to differ materially from those expressed in or implied by forward looking statements. These risks, uncertainties and other factors are identified in the Company's filings with the United States Securities and Exchange Commission.


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Seadrill Limited: SDRL - Disclosure regarding Sevan Drilling ASA

HAMILTON, BERMUDA--(Marketwired - Aug 29, 2013) - Seadrill Limited ("Seadrill") (OSLO: SDRL) has financed a portion of its exposure to Sevan Drilling ASA ("Sevan") through a forward agreement. Seadrill has sold 120,065,464 shares and received a forward agreement with exposure to the same number of shares. The shares have been sold at NOK 3.95 per share. The forward agreement runs until November 6, 2013 and has a strike price of NOK 3.9737.

Seadrill controls 297,941,358 shares of Sevan, either through direct ownership or forward agreements, representing 50.11% of all issued shares of Sevan.

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that:

(i) the releases contained herein are protected by copyright and other applicable laws; and

(ii) they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Seadrill Limited via Thomson Reuters ONE

[HUG#1725676]


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Cardinal Energy Group, Inc. Launches Redbird Social, LLC

SOURCE: Cardinal Energy Group, Inc.

DUBLIN, OH--(Marketwired - Aug 29, 2013) - (OTCQB: CEGX) Cardinal Energy Group, Inc. announces the launch of Redbird Social LLC, a wholly owned subsidiary of Cardinal Energy Group. Redbird Social is an in-house investor awareness platform. The platform utilizes convergent social media channels to deliver Cardinal's public communications to its shareholders and the investing public in general. The principals of Redbird Social are Brian McGowan Jr., Matthew Thomas and Brian McGowen Sr.

Brian McGowan Jr. and Matthew Thomas developed their marketing acumen in social-media from developing social campaigns for numerous major companies. They have extensive experience in the luxury automotive, high end clothing, technology and e-commerce industries. Brian McGowan Sr. rounds out the team with his experience gained over the past two years from establishing a successful convergent media communications platform for financial professionals.

John C. May, Cardinal Energy's Senior Vice President, directs Redbird Social's development and day to day operations.

Timothy Crawford, CEO of Cardinal Energy, comments, "One of the quandaries of any public company is delivering proper communication to existing shareholders and the investing public. When companies utilize outside consultants and third party promotion firms it does not always turn out well for the company. In many cases you will see a precipitous rise and then fall in the stock price as a few key individuals do well and the rest of the shareholders are left in the dust. By launching a proprietary in-house communications platform we will gain more control in the dissemination of our messages to the public. We are committed to increasing our shareholder value and believe in the tried and true way. So we formed Redbird Social to communicate globally with our shareholders and the investing public. Redbird Social delivers our company messages through a convergent platform that utilizes traditional and modern communication channels. We are enthused about this new venture and the young talent we have brought on-board to be an integral part of the Cardinal Energy."

About Cardinal Energy Group, Inc.

Cardinal Energy Group, Inc. is an American company that produces American oil and natural gas. The Company is based in Dublin, Ohio. Cardinal focuses on known formations that have significant proven reserves remaining that can be produced economically. Cardinal targets fields with wells that may need remediation due to neglect or undercapitalization. The prospect must offer a strong up-side for production. The upside we seek in a prospect is twofold -- it must have the potential be restarted or have its current production increased using newer technology and remediation methods; it must also have additional lease acreage which can be further developed by completing development wells adjacent to existing producing wells. Cardinal exploits these undervalued assets by acquiring a majority working interest in the prospect and then applies the Company's calculated development plan. Cardinal also seeks acquisitions of over-leveraged companies when there is a clear upside from their purchase based on strong commodity prices. The Company operates throughout the Continental United States. More information on Cardinal Energy Group, Inc. is available at www.cardinalenergygroup.com.

Forward Looking Statements
In connection with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, Cardinal Energy Group, Inc., is hereby providing cautionary statements identifying important factors that could cause our actual results to differ materially from those projected in forward-looking statements (as defined in such act). Any statements that are not historical facts and that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, indicated through the use of words or phrases such as "will likely result," "are expected to," "will continue," "is anticipated," "estimated," "intends," "plans," "believes" and "projects") may be forward-looking and may involve estimates and uncertainties which could cause actual results to differ materially from those expressed in the forward-looking statements. These statements include, but are not limited to, our expectations concerning our ability to obtain financing and close on the acquisition of the oil and gas leases and property, our beliefs concerning our ability to increase the rate of oil and gas production, and the expected demand, pricing and operating results for our oil and gas operations.

We caution that the factors described herein could cause actual results to differ materially from those expressed in any forward-looking statements we make and that investors should not place undue reliance on any such forward-looking statements. Further, any forward-looking statement speaks only as of the date on which such statement is made, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of anticipated or unanticipated events or circumstances. New factors emerge from time to time, and it is not possible for us to predict all of such factors. Further, we cannot assess the impact of each such factor on our results of operations or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. This press release is qualified in its entirety by the cautionary statements and risk factor disclosure contained in our Securities and Exchange Commission filings, including our Prospectus dated August 12, 2013.


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