Cheyenne Resources Corp. announced this morning that the company has entered into a joint venture agreement with Oxalis Energy Group, Inc., which is headquartered in Katy, Texas.

“This agreement gives us the opportunity to acquire the right to develop four potential oil and gas transactions,” commented Cheyenne Resources President Thomas J. Cunningham. “They include development of 200 natural gas wells — in 10 well increments — in Crockett County. Proven reserves at these sites are 100 billion cubic feet of natural gas.”

“In Jim Wells County,” Cunningham continued, “we will be focused on development of a secondary oil and natural gas recovery program that is comprised of 40 wells, with a 10 well at a time recovery program. This site has proven reserves of 30 million barrels of oil and 17 billion cubic feet of natural gas.”

“As we noted earlier, we are involved in confidential negotiations on these projects and the

AMKR, Amkor Technology, Inc.

NXPN, Northern Explorations Ltd, NXPN.OB

PennyOmega.com Watch List!

PennyOmega.com Watch List ! for Thursday July 30, 2009

Our Picks at PennyOmega.com for Thursday July 30, 2009 are:

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NXPN, Northern Explorations Ltd, NXPN.OB

NXPN is an energy exploration company currently developing natural gas projects across North America. NXPN has acquired working interests in natural gas drilling prospects located in California, and is pursuing projects in Texas.

The Company is working rapidly towards announcements of negotiations with suitable vendors.

NXPN plans to identify and make strategic acquisitions consisting of realistic overriding royalty interest leave-backs such that greater revenue percentages are available to the working interest partners

**NXPN announced today that it has entered into an

Vortex Resources Corp. announced this morning that it has retained the services of Trenergy Development LLC to assist the company’s development plans in West Texas as well as assess its options in the extensive Barnett Shale property where it is currently conducting due diligence.

Mr. Jason Lacewell, the principal of Trenergy, has extensive expertise in field development, with a particular interest in the Barnett shale. Trenergy has more than a decade of supervisory experience in petroleum production, completions, drilling and field operations, and brings a wealth of knowledge to Vortex.

Mr. Lacewell has had a successful career with Pacesetter Energy, Inc. where he led a group developing a $125 million Permian Basin program, while also managing Pacesetter’s non operated Barnett Shale interests with Devon Energy (NYSE: DVN). He has also managed 125 MMCFD gas production and later led the sale of $2.2 billion of

Today before the bell, Vortex Resources Corp. announced that it is exercising the option to drill its fifth well in Adams-Baggett Field in Crockett County, Texas. The decision to move forward and drill a fifth natural gas well was made after the successful drilling of three wells in the Adams-Baggett area. Results from the fourth well have not been received as of this time.

As reported last week in a press release, two natural gas wells were successfully drilled and completed frac treatment on October 27, 2008. The third and fourth wells are expected to reach completion on or about December 5, 2008. Once these two wells are completed, the company will make plans to begin drilling on the fifth well.

Yossi Attia, CEO of Vortex, stated, “We are very excited about the direction we are headed with Vortex Resources. The new President-Elect has

Vortex Resources Corp is a publicly traded independent emerging natural resources company. The company’s focus is on the acquisition, exploration, development and production of oil, natural gas and minerals. Recently, the young company has been making a name for themselves in Crockett County, Texas where they own the rights to drill 180 wells in the Adams-Baggett field. Vortex estimates that each well contains 500 million cubic feet of natural gas reserves, which will allow them to rise quickly in the natural resource industry. One of the reasons for the company’s success is their dynamic management team which is led by their Chairman Mike M. Mustafoglu.

Mustafoglu has spent over 30 years in the energy industry where he has earned a reputation for being a leader in his field. Mustofoglu’s success has spanned the entire globe. After receiving his MBA, he was recruited by J.

Trading on the OTCBB, Vortex Resources Corporation is an emerging natural resources company. Their focus is on the acquisition, exploration, development, and production of oil, natural gas, and minerals. With current operations in West Texas, the Company’s objective is to find, acquire, and develop natural resources at the lowest cost possible. They then look to recycle their cash flows into new projects that yield high returns with controlled risk.

Vortex Resources Corporation has their corporate headquarters in Beverly Hills, California. They are currently active in Crockett County, Texas. They are proceeding there with their 180-well infill-drilling program in Adams-Baggett field to produce natural gas from Wolfcamp Canyon Sandstone reservoir. The drilling program will also target deeper Canyon Sandstone, Strawn, and Ellenburger sites.

Vortex’s mineral interests consist of a chromium mineral lease in southern Turkey. The estimated apparent reserves in this location are 135,000 tons with an equal amount of probable reserves.