Lion Energy Corp. is a Canadian exploration company focused on the acquisition, exploration and development of oil and gas reserves in Central and East Africa. The company today made a joint announcement with Southern Star Energy Inc. (SSEY.OB), a U.S.- based oil and gas exploration company, and Gold Star Resources Corp. (TSX-V: GXX), a Canadian resource exploration company focused on the strategic acquisition and advancement of prospective oil and gas projects in West Africa, stating that the three companies have signed a non-binding letter of intent to create a mid-sized, “well-capitalized” company with domestic and international exploration operations.

The proposed combination of the three companies will result in one company backed by an experienced management team and board of directors, which will ultimately benefit shareholders as the company takes advantage of growth opportunities.

“The collaboration of Lion, Southern and Gold Star combines an excellent portfolio of diverse African exploratory opportunities

...

Savoy Energy Corporation, an independent oil and gas company based in Texas, specializes in what is called “recompletion” and “workover” activities. What this means is that the company is very good at identifying and acquiring abandoned oil and gas wells that still have a lot to give, and bringing them back into production using advanced processing technologies and careful management. Savoy is known for its ability to economically extract significant remaining product from abandoned wells.

Savoy is already producing oil from four wells, and has identified 18 other U.S. wells that are favorable candidates for turnaround. In addition, the company recently announced plans to create a joint venture in the South Pacific island of Fiji to license properties there for oil exploration and drilling.

As long term fossil fuel prices continue to rise, the demand for more production from previously producing wells is

...

In the energy market on Wednesday, crude for July delivery advanced, closing at $63.45/barrel, up an even $1.00. June reformulated gasoline rose 3.39 cents, to $1.8917/gallon. The recent price is a “function of optimism” over early signs of global economic recovery, Saudi Arabia Oil Minister Ali Naimi said yesterday. The Energy Information Administration recently predicted that oil will rise to $110/barrel by 2015 and $130 by 2030.

“The big picture is looking more and more bullish each day,” said Phil Flynn, of Alaron Trading. “The truth is that oil is looking at the big picture and is getting more and more concerned at the prospects of inflation and the plunging investment in oil infrastructure.”

Global investment in oil and gas projects is expected to slump 21% this year from a year ago, falling for the first time in a decade, the IEA predicted. More than 50 major oil and natural-gas

...

We're all waiting for the Fed announcement shortly after 2 pm today, where it is widely expected that the Fed will cut its benchmark interest rate in half to 50 basis points. According to Bloomberg, with Fed rates at zero, Fed Chairman Ben Bernanke will then move on to A href=http://bloomberg.com/apps/news?pid=20601087sid=aBYiNV2dvxxAamp;refer=homeSTRONGusing the Fed's balance sheet as the key tool for monetary policy/STRONG/A. Options include purchasing Treasuries to inject more cash into the economy.brbrBut where is all this money going to come from? As a result of all the bailouts for banks, automakers and other new federal outlays, our nation’s budget deficit is expected to reach $A href=http://www.foxnews.com/politics/2008/11/25/federal-deficit-hit-t/STRONG1 TRILLION in 2009/STRONG/A. And that DOESN’T include the new, A href=http://www.bloomberg.com/apps/news?pid=20601103amp;sid=a71zVDCW.KiYamp;refer=usSTRONG$1 trillion stimulus plan /STRONG/Athat Barack Obama’s economic team is reportedly working on.brbrWe are seeing paper money debased. And that looks like a good time to own gold to me.brbrSTRONGHere is other news ...

Energy investors may find themselves at odds in weighing whether to put their money into fossil fuels or green alternatives. Two separate articles in today’s Wall Street Journal provide a good backdrop for the current dilemma. Ultimately, we’re of the opinion that it’s still too early for alternative energy to make a convincing business case.

In one story, the Journal covers a recently released annual report from the International Energy Agency. According to the Journal, the IAE paints a gloomy picture of energy shortages and escalating costs of discovery and recovery.

The IAE says that current low oil prices are an anomaly linked to the economic crisis embracing the world. Eventually, when the economy regains its health, oil prices will continue to climb over the coming years to hit $200 a barrel by 2030.

One problem with energy prices remains a dilapidated infrastructure. In turn, energy companies would have to invest more than

...

Surge Global Energy, Inc., (SRGG.OB), an oil and gas exploration company based in Solana Beach, California, is a company that should be on your watchlist. At a time when analysts predict a continuing decline in world oil production, while at the same time predicting a continuing increase in oil demand, Surge is going after underdeveloped foreign and domestic oil and gas projects.

Specifically, Surge intends to explore and develop oil and gas projects on a worldwide basis, with the current focus being on Canada, Argentina, and the United States. The company already has projects in Alberta (Sawn Lake Project and Red Earth Project) and in Argentina (Santa Rosa Dome Project).

Surge recently acquired leases over nearly 2,500 acres in northern Nevada (the Green Valley prospect) to drill for oil, with the initial test well to be drilled within a year. The cost of the leases was $1/2 million, but the

...