Today (August 30) Alexander Ananenkov, Acting Chairman of the Gazprom Management Committee moderated a meeting at the Gazprom Headquarters on the execution of phase one of the Shtokman field development project.

Arcan Resources Ltd. (TSX VENTURE:ARN) ("Arcan" or the "Company"), is pleased to announce June 30, 2007 financial and operating information.

RIVAL ENERGY LTD. (TSX VENTURE:RGY) is pleased to release its operating and financial performance for the second quarter and first six months of 2007.

South Sea Energy Corp. (OTCBB: SSGY) ("South Sea" or the "Company") wishes to announce that it has entered into an agreement to acquire the rights to the South Glenrock "C" oil field located in the Powder River Basin, Wyoming.

Economic relations between Nigeria and Russia, in particular with "CHETRA-Industrial machinery" JSC have good prospects. Wish for cooperation is supported by businessmen as well as by governments of the both countries.

PAN AFRICAN MINING CORP. (TSX VENTURE: PAF) (FRANKFURT: P2A) (the "Company") is pleased to announce that its international oil affiliate, ENERMAD CORP. ("EnerMad"), has been formally awarded Exploration License No. 34/07/TM. The License, entitled "Grand Prix," covers 10 offshore blocks comprising approximately 16,845 sq. km. located to the west of Madagascar's Morondava Basin in the Mozambique Channel.

Italian energy giant Eni SpA will raise the royalties paid to the Kazakhstan government from the Kashagan oilfield project to 20-25 pct in an effort to break the disputes with the government.

Iraqi Minister of Energy and Mineral Resources Khalid Shraideh said Iraq has informed Jordan its readiness to provide Jordan with Iraqi oil.

Three offshore natural gasfields in Myanmar hold the largest reserves to be discovered in that country, South Korea's firm Daewoo International said today, August 23.

Belarus has fully paid its July bill for Russian gas deliveries, Beltransgaz company said.

Iraq is preparing to resume oil exports through Turkey in a few weeks through a new pipeline built amid the violence to help handle the flows, Oil Minister Hussain al-Shahristani said on August 21.

Turkey, Iran and Turkmenistan will set up a company to build a natural gas-fired power plant in Turkmenistan, a senior Turkish energy ministry official said on August 22.