Today, Megellan Petroleum announced that it has appointed William H. Hastings as its new President and CEO. Daniel J. Samela has resigned as Acting President and CEO and will assum the roles of CFO, Chief Accounting Officer and Treasurer. The company also announced changes to its Board of Directors.

Walter McCann, Magellan’s Chairman of the Board, stated, “Magellan’s Board is very pleased to have Bill Hastings assume the positions of President and CEO. Bill brings more than twenty-seven years of proven experience in the successful development of oil and natural gas reserves and also in the management of commercial gas operations, both in the U.S. and overseas, for Marathon Oil Company and other energy concerns.”

“Magellan’s acquisition of a 100% interest in our Magellan Petroleum Australia (MPAL) subsidiary two years ago was a major milestone in our Company’s history. We now look to Bill to lead Magellan’s diversification and to build

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.

Westport Innovations engages in the research, development, and marketing of high-performance engines and fuel systems. Headquartered in Vancouver, British Columbia, their engines use gaseous fuels such as compressed natural gas (CNG), liquefied natural gas (LNG), hydrogen, and hydrogen-enriched compressed natural gas (HCNG). The company began in 1995 and is part of the Pollution and Treatment Controls Industry. They trade on the NASDAQ Global Market under the symbol (WPRT) and trade on the Toronto Stock Exchange under the symbol (WPT.TO)

Westport’s engine technologies reduce nitrogen oxides (NOx), particulate matter (PM), and greenhouse gas emissions (GHG). They do all of this while preserving the power, torque, and fuel efficiency of diesel engines. The company’s experience and expertise is in helping commercial fleets and cities transition themselves from oil usage to natural gas usage. Along with their engine development knowledge and their work with gaseous fuels, they also provide fuel tanks and

Gastar Exploration Ltd. (AMEX: GST) is an independent energy company engaged in the exploration, development, and production of natural gas and oil in the United States and Australia. The company focuses their efforts on identifying, acquiring, and exploring possible natural gas and oil properties that show the potential to produce significant product. Their emphasis rests on prospective deep structures identified through seismic and other analytical techniques, as well as unconventional natural gas reserves, such as coal bed methane (CBM).

The company’s primary coal bed methane properties are found in the Powder River Basin in Wyoming and Montana, and in the Gunnedah and Gippsland Basins of Australia. Their drilling activities are focused on exploiting their multi-year inventory of drilling locations in the Deep Bossier Sands and Knowles Limestone plays in the Hilltop area of East Texas, as well as the emerging Marcellus Shale play in Appalachia.

Holding the world’s largest natural gas reserves, Russia is the world’s largest natural gas exporter. Its gas and oil industries make up a quarter of the Russian economy’s GDP, while employing less than 1 percent of the Rusian workforce. Gas and oil comprise roughly two-fifths of all Russian exports, making many investors cautious if not wary of investing in the resource-dependent market.

Despite start-up projects as part of what’s known as “production-sharing agreement”, experts say the trouble is getting these products (many of which are in Western Siberia) to market. Russia is short on deep-sea ports and capacity has not yet caught up to production. Producing about seven million barrels of oil each day, Russia can only ship about four million barrels using major pipelines, with the rest being transported via river or rail.

Though there are plans in the making such as the one to build a pipeline under the Baltic …

Striker Oil & Gas (SOIS) develops, explores and acquires crude oil and natural gas reserves, operating along the Gulf Coast of Texas and Louisiana, as well as in East Texas and Mississippi. It is speculated that Striker has potential oil and gas reserves of $400 million in Texas and Louisiana. That equates to 32.5 billion cubic feet of natural gas and 973,000 barrels of crude oil. Striker also recently an agreement with Indonesia’s GEO Corporation to find oil offshore of the Asian country.

Texas-based Striker Oil & Gas was founded in 2004 and is already producing oil, a rarity among newly found energy companies. Striker’s revenue performance since inception is staggering with a one-year growth of more than 232 percent and three-year growth of almost 1200 percent. The company is forecasting 2008 revenue of $5 million.

Striker uses revolutionary technology to find new oil reserves, including sophisticated satellites that orbit

TICKER: TSX.V:UNE
DESCRIPTION: Unbridled Energy Corp. has developed a concentrated strategy for the exploration and development of large-scale unconventional natural gas resource opportunities throughout North America. More specifically, the company’s business comprises the acquisition and/or development of lower risk oil and natural gas reserves, while simultaneously exploring large-scale unconventional gas resources with specific emphasis on shale gas and tight gas sands.

Joseph H. Frantz, Jr., Pres./CEO of Unbridled Energy, featured in audio interview at SmallCapVoice.com.

WEBSITE: http://www.unbridledenergy.com/index.asp…