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Petrolia ASA: Regarding Possible Shareholder Cooperation in DNO (VEDRØRENDE MULIG AKSJONÆRSAMARBEID I DNO)

BERGEN, Norway--(BUSINESS WIRE)--Regulatory News: Petrolia Invest AS, a wholly owned subsidiary of Petrolia ASA (OSE:PDR), refers to the OSE filing dated 7 November 2011, regarding a possible shareholder cooperation working for the valuation of DNO International ASA (DNO) better reflecting the underlying values of the company. Following the share price development over the recent months, and the annulment action against DNO, Petrolia Invest has decided not to continue the process regarding possi

The Blacksands Pacific Group, Inc. – Announces Its 2012 Strategy and Development Plan

LOS ANGELES--(BUSINESS WIRE)--The Blacksands Pacific Group, Inc. including affiliates and subsidiaries ("Blacksands Pacific" or the “Company”) today announces a summary of the Company's business strategy and development plan for the year 2012. The total targeted net production of the Company in 2012 is 6 to 10 million barrels of oil equivalent (BOE). During the year, four new projects in onshore United States, Canada and offshore shallow water Sub Sahara Africa are expected to come on stream, am

Callon Petroleum Company Plans Operations Update and Conference Call

NATCHEZ, Miss.--(BUSINESS WIRE)--Callon Petroleum Company (NYSE: CPE) today announced it plans to issue an operations update on Wednesday afternoon, February 15, 2012, which will also contain information regarding its 2011 year-end reserve report and the company’s 2012 capital expenditure budget. A conference call discussing this information is scheduled for 10 a.m. Central Standard Time Thursday, February 16, 2012. The conference call and accompanying visual presentation materials may be access

VelocityShares Launches Suite of Eight Commodities-Related ETNs including 3x Leveraged Long and Inverse Crude Oil, Brent Crude, and Natural Gas and 2X Leveraged Long and Inverse Copper ETNs

DARIEN, Conn.--(BUSINESS WIRE)--VelocityShares Launches Suite of Eight Commodities-Related ETNs including 3x Leveraged Long and Inverse Crude Oil, Brent Crude, and Natural Gas and 2X Leveraged Long and Inverse Copper ETNs.

ECA Marcellus Trust I Announces Quarterly Distribution

AUSTIN, Texas--(BUSINESS WIRE)--ECA MARCELLUS TRUST I (NYSE: ECT) announced today that although gas production was curtailed during the quarter while the operator was awaiting a final permit to increase compression capacity, the Trust’s distribution for the quarter ended December 31, 2011 will be $.594 per unit, which is expected to be distributed on or before February 29, 2012 to holders of record as of the close of business on February 21, 2012. During the quarter production exceeded the targe

PAA Natural Gas Storage Announces Modification to Terms of Its Series B Subordinated Units

HOUSTON--(BUSINESS WIRE)--PAA Natural Gas Storage, L.P. (NYSE: PNG) today announced a modification to the terms of certain of its Series B Subordinated Units, all of which are owned by Plains All American Pipeline, L.P. (NYSE: PAA) . PNG’s Series B Subordinated Units do not participate in quarterly distributions. Instead, the Series B Subordinated Units convert into Series A Subordinated Units or Common Units in five distinct tranches upon the achievement of defined benchmarks tied to the amount

Pennsylvania House Votes “Sweetheart” Deal for Big Oil and Gas

HARRISBURG, Pa.--(BUSINESS WIRE)--PennFuture condemned passage of the “compromise” drilling bill in state House today by a 101 to 90 vote. The drillers’ sweetheart deal was fast tracked to near warp speed to avoid voter fallout.

PAA Natural Gas Storage Reports Fourth-Quarter and Full-Year 2011 Results

HOUSTON--(BUSINESS WIRE)--PAA Natural Gas Storage, L.P. (NYSE:PNG) today reported net income of $22.0 million, or $0.30 per diluted unit, for the fourth quarter of 2011 and net income of $59.7 million, or $0.85 per diluted unit, for the full year 2011. Net income for the fourth quarter of 2010 was $9.8 million, or $0.22 per diluted unit, and full-year 2010 net income was $29.8 million. The Partnership reported earnings before interest, taxes, depreciation, depletion and amortization (“EBITDA”) o

Plains All American Pipeline, L.P. Reports Fourth-Quarter and Full-Year 2011 Results

HOUSTON--(BUSINESS WIRE)--Plains All American Pipeline, L.P. (NYSE:PAA) today reported net income attributable to Plains of $278 million, or $1.37 per diluted limited partner unit, for the fourth quarter of 2011 and net income attributable to Plains of $966 million, or $4.88 per diluted limited partner unit, for the full year 2011. Net income attributable to Plains for the fourth quarter of 2010 was $142 million, or $0.67 per diluted limited partner unit, and net income attributable to Plains fo

Chesapeake Granite Wash Trust Announces 2011 Fourth Quarter Distribution of $0.73 Per Unit

AUSTIN, Texas--(BUSINESS WIRE)--Chesapeake Granite Wash Trust (NYSE:CHKR) (the “Trust”) announced today that its distribution for the period from September 1, 2011 through November 30, 2011 will be $0.7277 per unit, which will be paid on March 1, 2012 to unitholders of record at the close of business on February 20, 2012. During the three-month period ended November 30, 2011, sales volumes and realized prices were higher than estimated in the Prospectus filed with the Securities and Exchange Com