Dejour Provides Woodrush Project Update Dejour Enterprises Ltd. (NYSE-AMEX: DEJ / TSX: DEJ) today announces that the expansion of compression facilities at its 75% owned Woodrush project in the Peace River Arch, NE British Columbia has been completed and is expected to result in increased gross production for the project of approximately 1,200 MCF per day (200 BOE per day) when reconnected to the Spectra pipeline by month end.
Oil up to around $75 ahead of US inventory report Oil prices rose to around $75 a barrel Wednesday in a wavering market as investors played down concerns that energy demand isn't recovering as quickly as expected.
EuroGas affiliate signs agreement to evaluate assets for potential acquisition EuroGas has announced that its affiliate EuroGas Polska has entered into a confidentiality and secrecy agreement with an oil company which expressed an interest in evaluating and possibly acquiring certain EuroGas Polska oil and gas assets.
Iraqi parlaiment approves budget The Iraqi parliament has approved a 2010 budget that sets federal spending at ID84.7 trillion dinars and a deficit of ID22.9 trillion dinars, Reuters has reported.
Oil work in Iraq could ramp up Jan. 27--Services companies may be able to benefit sooner than they thought from lucrative projects to develop and revive Iraq's idling oil fields.
