NEW YORK, Sept. 28, 2007 (PRIME NEWSWIRE) -- Against a backdrop of soaring global demand for energy, Wall Street Reporter has published exclusive interviews with three companies working to find, produce and distribute it: Irvine Energy (LSE:IVE), Energem Resources (TSX:ENM) and Deep Well Oil & Gas (Pink Sheets:DWOG).
Interviews are available at www.wallstreetreporter.com in streaming audio, mp3 and text format.
Irvine Energy, Plc. (LSE:IVE) has "a nice clean balance between conventional and unconventional" oil and gas projects in play, explains Aaron Close, managing director. "We've put together what we believe is a very good portfolio."
Topics of interest to potential investors include:
-The company's existing production profile from its Chatanooga Woodford acreage in Oklahoma.
-The next steps toward developing a Kansas shale property that offers significant potential for both shale gas and conventional hydrocarbon resources.
-Management's decision to pursue fairly shallow shale well targets. "It's a strategic niche that we can fill," Mr. Close says. "The idea is that for any particular well, we can drill and have a very high chance of being successful."
-The substantial inventory of targets, which Mr. Close estimates could keep drills running into 2014 and beyond.
Energem Resources Inc. (TSX:ENM) has spun out or sold most of its subsidiary businesses to concentrate on midstream oil and gas as well as biofuel businesses throughout Africa.
"We believe that midstream infrastructure in Africa is a very under-traded and ill-served sector with enormous potential," Executive Chairman Brian Menell tells WSR. "Africa will be a significant player in the biofuels feedstock and product supply to the major consumer markets."
Highlights include:
-An overview of the company's recent efforts to streamline its business profile.
- Discussion of existing storage and gasoline retail assets in Nigeria and Malawi, along with opportunities to profitably expand into several of the continent's heavily regulated fuel regimes.
-The rationale behind a recent decision to supplement an existing Kenya ethanol manufacturing operation with a controlling interest in a Mozambique biodiesel feedstock project based on jatropha oil.
Deep Well Oil & Gas Inc. (Pink Sheets:DWOG) has earmarked $5 million in fresh funding to develop its Sawn Lake project in Alberta, where Dr. Horst Schmid, the company's CEO, estimates over 800 million barrels of oil are in place.
Highlights include:
-Specifics on the deep-well project and initial plans for seismic and drilling.
-Discussion of how the company overcame the shortage of drilling rigs and is now focused on executing previous objectives. The company now plans to "hopefully bring some wells into production," Dr. Schmid says.
-Management's substantial experience in the field.
About Wall Street Reporter
Wall Street Reporter (Est. 1843) helps smart investors connect with exciting companies, through our website, magazines and conferences. The company's analysts produce in-depth, unbiased, unfiltered interviews that deliver a first-hand, straight-from-the-source perspective.
About Energem Resources, Inc.
Energem Resources, Inc. is a natural resources company based in Africa and currently operating in 12 countries. Ranging from mining exploration to oil and gas production and storage, Energem is committed to taking an innovative, high-output approach to the energy resource industry.
About Irvine Energy, Plc.
Irvine Energy is a natural resources and drilling exploration company with operations located in the United States. Focusing on the production of oil and gas, the company also drills for shale, intended for the innovative production of unconventional shale gas.
About Deep Well Oil & Gas, Ltd.
Deep Well Oil & Gas, Ltd., is a Nevada-based natural resource company operating solely in Canada. The company has overcome previous obstacles and is now looking towards a very successful heavy oil drilling venture.
Forward-Looking Statements
Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking information is inherently subject to risks and uncertainties.