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.

Turnover increases by 14.42%; Pre-tax interim profit sets new high

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.

China National Petroleum Corporation (CNPC) and China Petroleum and Chemicals Corporation (Sinopec), the two major state oil companies have rejected the governmental program on forcing oil firms to buy 'environmental pollution insurance'.

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.

Natural Resources Canada director-general Denis Legace says in a report that Canadian companies are set to pour some C$46-billion inot new mining projects and more than C$90-billion into the oil and gas sector on the continent by 2010.

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.

Rosneft has bought crude oil to increase processing at its refineries.