Alange Energy - Kanadischer Öl und Gas Produzent und Explorer (Kolombien) - 500 Beiträge pro Seite

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Alange Energy - Kanadischer Öl und Gas Produzent und Explorer in Kolombien

Alange Energy is a Canadian-based oil and gas exploration and production company with working interests in 12 properties in Colombia. The Company is focused on optimizing and increasing production from its producing properties while undertaking an aggressive exploration program on its entire portfolio to identify targets and increase reserves. Through its efforts, the Company plans to increase its net production from the current approximately 1,700 boe/d to approximately 3,300 boe/d by the end of 2009 and to approximately 11,600 boe/d by the end of 2010.

Capitalization:
Shares issued and outstanding: 746.9 million
Options: 33.8 million
Warrants: 1.4 million
Fully diluted: 782.1 million

Highlights:

* Company launched in July 2009 through reverse takeover ("RTO") with Cierra Pacific Ventures.
* Highly experienced management team including the former Chairman and CEO of Petroleos de Venezuela S.A. ("PDVSA"), Venezuela's national oil company.
* Top quality assets with immediate production growth opportunities located in Colombia's most prolific basins and close to existing oil and gas transportation facilities.
* 2P reserves of 33.4 MMboe.
* Completed Cdn$140 million private placement in conjunction with RTO providing approximately US$60 million to fund exploration and capital programs and working capital requirements over the next 18 months.
* Debt-free capital structure.
* Completed initial acquisition of working interests in Cubiro Area property on July 31, 2009 and increased by 19.27% effective November 1, 2009 to 60.5% of developing area.
* Completed acquisitions of Prospero Hydrocarbons on September 9, 2009 and Delavaco Energy on October 22, 2009.

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TORONTO, Feb. 8 /CNW/ - Alange Energy Corp (TSXV: ALE) ("Alange Energy" or the "Company") announced today that the Barranquero-1 well, drilled to explore the prospectivity of the Carbonera C-7 formation in Polygon B of the Cubiro Block, found 15 feet of net oil sand. Well tests performed along the perforated interval 5,825 to 5,848 feet measured depth (MD) have shown an initial production rate of 560 barrels per day of 28 degrees API oil with 10% BS&W, on natural flow. These results represent a new discovery in the Cubiro Block, located in the Llanos Basin of Colombia, and merit an extensive evaluation aimed at a separate development program for this reservoir.

Barranquero-1, an exploration well drilled directionally with an angle of 9.7 degrees of inclination to a total of 6,559 feet MD, reached the top of the reservoir, the Carbonera C-7 formation at 5,825 feet MD. The petrophysical analysis shows 15 feet of net pay with an average porosity of 29% and oil saturation in the range of 60 to 70%. The Company decided to complete this well in the C-7 formation using an electro-submersible pump, with the simulation projecting 1,580 barrels per day of production at 30 Hz of frequency. Management's preliminary estimates are that this discovery could represent an addition of approximately 800,000 barrels of oil to the Company's 2P reserves.

Commenting on this achievement, Mr. Luis E. Giusti, the Company's Chief Executive Officer, stated "we are very pleased with the Barranquero-1 results, a well that has proven oil in a completely new area of our main oilfield - a new find in a new reservoir that continues to strengthen our confidence in the exploration potential of Cubiro, adding significant value to our reserve base while contributing to our rapid production growth".

The Company also provided an update on the appraisal activity that is currently being conducted on Polygon A of the block, specifically on the Careto-8 appraisal well. It announced that the Careto-8 well, with the objective of production from the Carbonera C-7 formation, found 23 feet of net oil sand. The Careto-8 well was stabilized at 460 barrels per day of 31 degrees API oil with 83% BS&W and was completed with an electric submersible pump. This well was drilled directionally with an angle of 30 degrees inclination, to a final depth of 7,300 feet true vertical depth sub-sea (TVDSS) (7,414 feet MD). The well found the top of the Carbonera C-7 sandstones at a depth of 6,238 feet MD and the oil-water contact at 6,273 feet MD. Well logs indicated 23 feet of potential net oil pay in three intervals of C-7. Petrophysical evaluation of the well data indicated porosities of 28%, reservoir pressure of 2600 Psia and a Productivity Index of 9.5 Bls/Psia.

The Cubiro Block, located in Llanos Basin of Colombia, is an asset in which the Company holds a 60.5% working interest in Polygon A and a 70.0% working interest in Polygon B.

http://alange.mediaroom.com/index.php?s=43&item=29

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Since our last report filed on January 14, 2010, G&C, on behalf of the portfolios
of investment funds and private client accounts managed by G&C, acquired
13,236,500 common shares of Alange Energy Corp. (“Alange”). This represents
an increase of G&C’s position in Alange by 1.77% on an undiluted basis, as at
January 31, 2010.

G&C, on behalf of the portfolios of investment funds and private client accounts
managed by it, exercises control or direction over 135,504,976 common shares of
Alange. This represents an approximate 18.14% interest, on an undiluted basis, as at
January 31, 2010.

http://www.sedar.com/GetFile.do?lang=EN&docClass=13&issuerNo…" target="_blank" rel="nofollow ugc noopener">
http://www.sedar.com/GetFile.do?lang=EN&docClass=13&issuerNo…

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Commodities : February 12, 2010 : Colombian Energy Picks [02-12-10 11:50 AM]

http://watch.bnn.ca/clip266318#clip266318

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Skymark Research Initiates Independent Research Coverage on Alange Energy Corp.

Alberta, Feb. 5, 2010 (GLOBE NEWSWIRE) -- Skymark Research, a leading provider of small- and micro-cap independent investment research, today initiated coverage on Alange Energy Corp. (TSX-V: ALE).Skymark Research is currently offering a complimentary trial subscription. To view our research go to: www.skymarkresearch.com

http://www.streetinsider.com/Special+Reports/Skymark+Researc…

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Alange Energy BUY auf BNN Network



http://watch.bnn.ca/clip266318#clip266318

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http://www.midasletter.com/news/10011402-Petroamerica-leads-junior-oil-exploration-in-Colombia.php

Petroamerica Leads Most Recent Oil Exploration Wave in Colombia

Junior oil producers are gushing into Colombia. The successes of Pacific Rubiales (PRE-TSX; $15.50) and Petrominerales (PMG-TSX; $22.40) in the South American country has spawned the creation of several new small, but well funded micro-cap plays.

Alange has production of roughly 5750 barrels of oil per day (boe/d), and interests in 11 property packages in Colombia. The company is now drilling 3 wells (Careto 7 & 8, and Paramito 1) and results should be out in Q1 2010. It has the potential to be the fastest growing Colombian oil junior this year.

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Alange Energy - Holdings

Qwest Energy - 3.74%
http://www.qwestfunds.com/products/flow-through/2008pdf/2008…

Canadian Growth Fund - 5,800,000 Shares
http://www.investorsgroup.com/english/prodServices/investmen…" target="_blank" rel="nofollow ugc noopener">http://www.investorsgroup.com/english/prodServices/investmen…

Redwood Global Small Cap Fund - 3.59%
http://redwoodasset.com/doc_bin/RGSCF_QPD_Sept_09.pdf

Investors Canadian Growth Fund - 2.2
http://www.investorsgroup.com/english/prodServices/investmen…

Holmes Growth Fund - 3,19%
http://www.usfunds.com/media/files/pdfs/fundfactsheets/Curre…

QWEST ENERGY CANADIAN RESOURCE CLASS - 5.1%
http://www.qwestfunds.com/products/pdf/mutual_fund_details.p…

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Colombia ups output

Colombia's crude oil output in January rose to an average 742,000 barrels per day from 623,000 barrels per day in the same month last year, the government oil-licensing agency reported today on its website.

News wires 26 February 2010 23:33 GMT

Oil production in January was also higher than in December, when output reached a revised 735,000 barrels per day, the National Hydrocarbons Agency report said.

Foreign and domestic companies extracted an average 1.12 billion cubic feet per day of natural gas in January, up from 915 million cubic feet a year earlier and higher than December's 1.11 Bcf, said the agency, known as ANH.

Last year, average crude oil output totaled 671,000 barrels per day, the highest since 2000, when average output stood at 688,000 barrels per day, according to a Dow Jones Newswires report.

Canada-based Pacific Rubiales Energy and Colombia's state-controlled Ecopetrol managed to boost production from their Rubiales field in eastern Colombia thanks to a new pipeline that allows them to ship more oil from the field.

Published: 26 February 2010 23:33 GMT | Last updated: 26 February 2010 23:33 GMT

http://www.upstreamonline.com/live/article205949.ece
http://www.upstreamonline.com/live/article207638.ece

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Und wieder Top-Pick auf BNN!!

http://watch.bnn.ca/#clip271911

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Luis Giusti, president and chief executive officer of Alange EnergyCorp., speaks at the 2010 CERAWEEK conference in Houston, Texas, U.S.,on Tuesday, March 9, 2010. CERAWEEK, a gathering of executives,policymakers and leaders from the energy industry, runs until March 12.Photographer: F. Carter Smith/Bloomberg *** Local Caption *** LuisGiusti


http://topics.wsj.com/subject/e/Energy/2561/photos/447c155c5…

http://photos.wsj.net/phis/photo.svc/resizetofit?id=447c155c…

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Alange Energy provides update on Cubiro's exploration plan and drilling schedule for second quarter of 2010

Canada NewsWire
Colombia

TORONTO, March 25 /CNW/ - Alange Energy Corp. (TSXV: ALE) ("Alange Energy" or the "Company") announced today an update of its ongoing exploration program for 2010 in the Cubiro block. The program is targeting a combined resource base of 34 million barrels of oil. The budgeted and fully capitalized 4-well exploration program started with the recently announced discovery in the Barranquero-1 well, which is currently producing 700 barrels per day of 28 degrees API with 3% BS&W on natural flow. The 250-square kilometer 3D seismic results and the structural mapping confirmed a number of clearly identified, high prospectivity well locations.

As part of the exploration program, the Company announced today that it had spud the Cubiro Este-1 exploration well on March 18, 2010, which is currently drilling ahead of 4,650 feet to a total depth of 6,185 feet. In addition, the Company today spud the Copa-1 exploration well that will be drilled to a total depth of 5,985 feet. Management estimates that these two wells will target resources of 4.8 million barrels and 4.4 million barrels, respectively, in the Carbonera C-5 and C-7 formations. These wells will be completed and tested approximately 30 days from spud date.

The Company also plans to spud the Criollo-1 exploration well on April 15, 2010 that will be drilled to a total depth of 6,210 feet, targeting 3.2 million barrels of resources in the Carbonera C-5 and C-7 formations. Subsequent to this activity, the Company will drill an appraisal well to evaluate the extension of the discovery made on the Barranquero field in February 2010.

The Company's capital plan for 2010, which includes US$24 million for the development of the Cubiro block, comprises drilling the aforementioned four exploration wells and an additional seven appraisal wells during 2010, for which regulatory approval is currently in process and on schedule for production tie-in. The program also includes two well workovers and US$2.1 million for the acquisition of 68.7 square kilometers of 3D seismic work, currently being shot, and would target combined resources of 7.3 million barrels of oil in the Turpial, Azulejo and Careto Sur prospects.

Mr. Luis E. Giusti, the Company's Chief Executive Officer, commented: "We are looking forward to embarking on the next stage of the Cubiro exploration program. Our focus on this block has given us a greater understanding of its exploration potential. We will soon be announcing the progress of the newly spudded wells."

To date, the Company has announced exploration/appraisal success on four wells in the Cubiro block in the last four months, namely Careto-5, Careto-6, Careto-8, and Barranquero.

Alange Energy is a Canadian-based oil and gas exploration and production company, with working interests in twelve properties in four basins in Colombia. Further information can be obtained by visiting our website at www.alangeenergy.com.


http://alange.mediaroom.com/index.php?s=43&item=30

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Jenningscapital

Recommendation: BUY
ALANGE ENERGY CORP. 12-Month Target: C$0.90
(TSXV-ALE C$0.57) Risk Rating: ABOVE AVERAGE

http://pdfcast.org/pdf/alange-energy

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http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aLwJo…

April 21 (Bloomberg) -- Frank Holmes, chief executive officer of U.S. Global Investors Inc., talks with Bloomberg's Pimm Fox about his investment strategy for commodity producers.

Holmes also discusses the outlook for China's demand for raw materials and commodity prices. (Source: Bloomberg)

00:00 China commodity demand, commodity prices
01:31 Freeport-McMoRan; quality of mined ore
04:00 Colombia gold mining, Medoro; Alange
07:29 Oil, natural gas, commodity price outlook

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Alange Energy Announces 180% Growth in 2P Net Reserves, 400% Increase in Proved Reserves and Filing of 2009 Year End Reserve Report

Canada NewsWire
Colombia

TORONTO, April 26 /CNW/ - Alange Energy Corp. (TSX-V: ALE) ("Alange Energy" or the "Company") announced today that it has received an independent reserves evaluation report for the year ended December 31, 2009 in respect of seven of its blocks in Colombia. The combined proved plus probable (2P) reserves for these blocks increased by 180% compared to those reported on March 31, 2009, which amounts to a gross (before royalties) total to the Company of 31.65 million barrels of oil equivalent (MMboe) as at December 31, 2009, having a total net present value (NPV) (10% discount, before tax) of US$358.9 million. The report's evaluation also reflects a fourfold increase in the gross proved reserves (1P) to a total of 8.48 MMboe at year end.

The growth reflected in the report is the result of a combination of successful drilling and the completion of two corporate acquisitions - Prospero Hydrocarbons Inc. in September 2009 and Delavaco Energy Inc. in October 2009, both as previously announced by the Company.

Mr. Luis E. Giusti, the Company's Chief Executive Officer stated that "the new reserves report reflects the significant reservoir analysis, seismic acquisition, and drilling efforts by Alange Energy since its listing on the TSX Venture Exchange in July 2009, which have brought to the fore the true value of our carefully selected portfolio of oil and gas properties."

The following table summarizes the growth of proved plus probable (2P) reserves for the Rio Magdalena, Cubiro, Carbonera La Silla, Mecaya, La Punta, Cerrito and Carbonera blocks from March 31, 2009 to December 31, 2009:

<<
2P Reserves : December 31, 2009 vs. March 31, 2009
-------------------------------------------------------------------------
Natural Gas
L & M Oil Natural Gas Liquids Oil Equivalent
Gross Net Gross Net Gross Net Gross Net
(MMbbl) (MMbbl) (Bcf) (Bcf) (MMbbl) (MMbbl) (MMboe) (MMboe)
-------------------------------------------------------------------------
March 2009(1) 1.01 0.93 56.32 52.00 0.89 0.82 11.29 10.41
-------------------------------------------------------------------------
December 2009 6.61 5.92 119.64 110.24 5.10 4.70 31.66 28.99
-------------------------------------------------------------------------
Reserve
Additions, Net
of Production 5.61 4.99 63.32 58.24 4.21 3.87 20.37 18.57
-------------------------------------------------------------------------
Notes:
(1) Based on Petrotech Engineering Report effective March 31, 2009 titled
"Evaluation of the Interests of Alange, Corp. in Five Oil & Gas
Properties in Three Basins in Colombia".
(2) "Gross reserves" are the Company's share of the reserve before
deduction of royalty payments.
(3) "Net reserves" are the Company's share of the gross reserve after
deduction of royalty payments
(4) MMbbl means million barrels. Bcf means billion cubic feet. MMboe
means million barrels of oil equivalent. Barrels of oil equivalent
(Boe) may be misleading, particularly if used in isolation. A Boe
conversion ratio of 6 thousand cubic feet: 1 barrel is based on an
energy equivalency conversion method primarily applicable at the
burner tip and does not represent a value equivalency at the
wellhead.
>>

The new reserves report dated April 2010 is effective December 31, 2009 and is entitled "Evaluation of the Interests of Alange Energy Corp. in Proved & Probable Reserves for year ending 2009 in Seven Properties in Colombia". It was prepared by Petrotech Engineering Ltd. in accordance with National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities. The report has been filed, and is available for review, on www.sedar.com and on the Company's website.

A summary of the Company's net share of proved developed producing, non-producing, undeveloped and probable reserves and future net revenue discounted at 0%, 5%, 10%, 15%, and 20% before income tax, is as follows:

<<
-------------------------------------------------------------------------
Reserve Category Crude Oil Reserves Natural Gas Reserves
100% Gross Net 100% Gross Net
(Mbbl) (Mbbl) (Mbbl) (Mboe) (Mboe) (Mboe)
-------------------------------------------------------------------------
Proved Producing 2,358 781 719 0 0 0
Proved Non-producing 684 477 439 1,903 1,782 1,668
Proved Undeveloped 6,284 1,875 1,725 3,085 2,676 2,360
Total Proved 9,325 3,133 2,882 4,988 4,458 4,028
Probable Producing 896 32 30 0 0 0
Probable Non-Producing 108 98 90 2,311 2,211 2,069
Probable Undeveloped 2,032 1,043 959 14,450 13,271 12,277
Total Probable 6,951 3,483 3,035 16,760 15,481 14,346
Total Proved +
Probable 16,276 6,614 5,917 21,748 19,940 18,374
-------------------------------------------------------------------------


-------------------------------------------------------------------------
Reserve Category Condensate Total BOE Reserves
Gross Net 100% Gross Net
(Mbbl) (Mbbl) (Mboe) (Mboe) (Mboe)
-------------------------------------------------------------------------
Proved Producing 0 0 2,358 781 719
Proved Non-producing 321 295 2,587 2,580 2,402
Proved Undeveloped 571 526 9,369 5,122 4,611
Total Proved 892 821 14,313 8,483 7,731
Probable Producing 0 0 896 32 30
Probable Non-Producing 124 114 2,419 2,433 2,273
Probable Undeveloped 4,088 3,761 16,482 18,402 16,997
Total Probable 4,212 3,874 23,711 23,176 21,255
Total Proved + Probable 5,103 4,695 38,024 31,657 28,986
-------------------------------------------------------------------------


-------------------------------------------------------------------------
Reserve Category NPV of Future Net Revenue Before Tax Discounted @
0% 5% 10% 15% 20%
($M) ($M) ($M) ($M) ($M)
-------------------------------------------------------------------------
Proved Producing 42,257 40,788 39,476 38,298 37,232
Proved Non-producing 53,270 43,418 35,808 29,823 25,037
Proved Undeveloped 104,321 85,147 70,448 58,909 49,663
Total Proved 199,847 169,355 145,732 127,031 111,932
Probable Producing 1,643 1,508 1,393 1,293 1,205
Probable Non-Producing 50,218 36,825 26,665 19,851 15,155
Probable Undeveloped 313,565 186,816 114,853 71,935 45,153
Total Probable 482,268 313,748 213,153 150,584 109,707
Total Proved + Probable 682,115 483,103 358,885 277,615 221,639
-------------------------------------------------------------------------
Proved ($/BOE) $23.56 $19.96 $17.18 $14.97 $13.19
-------------------------------------------------------------------------
Proved + Probable ($/BOE) $21.55 $15.26 $11.34 $8.77 $7.00
-------------------------------------------------------------------------
Notes:
(1) "Gross reserves" are the Company's share of the reserve before
deduction of royalty payments.
(2) "Net reserves" are the Company's share of the gross reserve after
deduction of royalty payments.

A summary of reserves information for each property evaluated in the
Petrotech report is set out below:

-------------------------------------------------------------------------
Reserve L & M Oil Natural Gas Natural Gas Liquids
Category Gross Net Gross Net Gross Net
(Mbbl) (Mbbl) (MMcf) (MMcf) (Mbbl) (Mbbl)
-------------------------------------------------------------------------
Proved Producing
Cubiro 740 681
La Punta No. 2 41 38
Total Producing 781 718
Proved Non-Producing
Carbonera 5,872 5,497 36 33
Rio Magdalena 222 204 4,822 4,513 285 262
Mecaya 255 235
Total Non-Producing 477 439 10,695 10,010 321 295
Proved Undeveloped
Cubiro 925 851
La Punta No. 3 218 200
Cerrito 6,390 5,112
Rio Magdalena 222 204 9,666 9,047 571 526
Mecaya 510 470
Total Undeveloped 1,875 1,725 16,056 14,159 571 526
Total Proved 3,132 2,882 26,750 24,169 892 821
Probable
Cubiro 906 833
La Punta No. 2 &
No. 3 69 63
Carbonera 41,566 38,906 254 233
Cerrito 6,390 5,112
Rio Magdalena 593 546 44,932 42,057 3,958 3,641
Carbonera La Silla 1,403 1,122
Mecaya 512 471
Total Probable 3,482 3,035 92,888 86,074 4,212 3,875
Proved + Probable 6,614 5,917 119,638 110,243 5,104 4,695
-------------------------------------------------------------------------


-------------------------------------------------------------------------
Reserve NPV of Future Net Revenue Before Tax
Category Discounted (in $M) @
0% 5% 10% 15% 20%
-------------------------------------------------------------------------
Proved Producing
Cubiro 39,986 38,593 37,349 36,232 35,221
La Punta No. 2 2,271 2,195 2,127 2,066 2,011
Total Producing 42,257 40,789 39,477 38,298 37,232
Proved Non-Producing
Carbonera 18,875 15,612 13,050 11,009 9,359
Rio Magdalena 22,489 17,763 14,198 11,451 9,293
Mecaya 11,906 10,043 8,560 7,363 6,385
Total Non-Producing 53,269 43,418 35,808 29,823 25,037
Proved Undeveloped
Cubiro 41,323 37,302 33,875 30,927 28,369
La Punta No. 3 10,182 9,054 8,106 7,300 6,610
Cerrito 12,125 8,555 6,124 4,405 3,148
Rio Magdalena 22,368 15,250 9,967 5,968 2,886
Mecaya 18,323 14,986 12,376 10,309 8,650
Total Undeveloped 104,322 85,148 70,447 58,909 49,663
Total Proved 199,848 169,354 145,731 127,031 111,932
Probable
Cubiro 45,188 39,640 35,053 31,221 27,985
La Punta No. 2 &
No. 3 3,750 3,272 2,887 2,571 2,310
Carbonera 89,163 54,449 31,273 16,370 6,586
Cerrito 12,429 8,205 5,553 3,828 2,668
Rio Magdalena 243,022 145,615 92,220 61,363 42,592
Carbonera
La Silla 71,654 48,959 35,189 26,284 20,209
Mecaya 17,062 13,608 10,978 8,947 7,356
Total Probable 482,267 313,749 213,153 150,583 109,705
Proved + Probable 682,114 483,104 358,884 277,614 221,637
-------------------------------------------------------------------------

Notes:
(1) "100% reserves" are all reserves attributable to the field. The
Company does not hold an entire interest in 100% reserves. See table
and notes (2) and (3) below.
(2) "Gross reserves" are the Company's share of the reserve before
deduction of royalty payments.
(3) "Net reserves" are the Company's share of the gross reserve after
deduction of royalty payments.

As at December 2009, the Company had the following working interests in
each of the blocks evaluated in the Petrotech report:

Block - Field Name Working Interest
------------------ ----------------
Rio Magdalena 91%
Cubiro 60.5%
Carbonera La Silla 58%
Mecaya 58%
La Punta 3.6%
Cerrito 76% to 81%
Carbonera 96%
>>

The estimates of reserves and future net revenues in this release are based on forecast prices and costs as set forth in each report noted above and are estimates only.

Reserves are classified according to the degree of certainty associated with the estimates. Proved reserves are those reserves that can be estimated with a high degree of certainty to be recoverable. It is likely that the actual remaining quantities recovered will exceed the estimated proved reserves. Probable reserves are those additional reserves that are less certain to be recovered than proved reserves. It is equally likely that the actual remaining quantities recovered will be greater or less than the sum of the estimated proved plus probable reserves. Possible reserves are those additional reserves that are less certain to be recovered than probable reserves. It is unlikely that the actual remaining quantities recovered will exceed the sum of the estimated proved plus probable plus possible reserves.

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Bilder der Cubiro Facility:

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Canada NewsWire
Colombia

TORONTO, April 29 /CNW/ - Alange Energy Corp. (TSXV: ALE) will be issuing its results for the year ended December 31, 2009 after market close on Friday, April 30, 2010. A conference call will be held on Monday, May 3, 2010, at 9:00 a.m. Eastern Standard Time to provide an operational update and to discuss the year end results.

<<
Call-in details are as follows:

Toronto & International: [phone]

North America: [phone]

Conference ID: 72405288
>>

Alange Energy is a Canadian-based oil and gas exploration and production company, with working interests in 12 properties in four basins in Colombia. Further information can be obtained by visiting our website at www.alangeenergy.com.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

%SEDAR: 00005776E