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Radial Energy Company News
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Radial Energy Terminates Rancho Hermoso Acquisition
Radial Energy says that Benchmark Energy Corp. has formally terminated its agreement with Rancho Hermoso S.A. to acquire 100% of the outstanding shares of Rancho.
8:00 PM EST | August 02, 2007
Radial, Canadian Partner to Complete Rancho Hermoso Acquisition
Radial Energy Inc. has partnered with a publicly traded Canadian company to
complete the purchase of 100% of the shares of Rancho Hermoso S.A.
8:00 PM EST | June 19, 2007
Radial Preparing Huaya 100-2X Well Output Test
Radial Energy is preparing to mobilize for the production test of the Huaya 100-2X well on block 100 in Peru's Ucayali basin after reaching total depth of 305m on May 3.
8:00 PM EST | May 31, 2007
Radial Spuds Huaya 100-2X in Peru, Sets Surface Casing
Radial Energy Inc. announced that the Huaya 100-2X well was spudded last Friday.
8:00 PM EST | May 01, 2007
Radial: Huaya 100-2X in Peru to Spud by Late-April
Radial Energy Inc. said that preparations are underway to spud the Huaya 100-2X well by April 20th.
8:00 PM EST | March 28, 2007
Huaya 100-1X Well Reaches Total Depth
The Huaya 100-1X well on block 100 in Peru's Ucayali basin has reached total depth of 926ft, Radial Energy said in a statement.
8:00 PM EST | March 21, 2007
Radial to Acquire Rancho Hermoso
Radial Energy Inc. has signed a memorandum of understanding (MOU) with 100% of the shareholders of Rancho Hermoso S.A. as a required step toward closing its acquisition of all Rancho Hermoso shares and assets.
7:00 PM EST | March 06, 2007
Radial Cancels US$5mn Debenture for Rancho Hermoso
Radial Energy will pay a US$5mn convertible debenture contracted with Cornell Capital Partners, the company said in a statement.
7:00 PM EST | March 04, 2007
Radial Drills Ahead in Peru
Radial Energy Inc. said that drilling at the Huaya 100-1X well in Peru has reached a depth of 463 feet after drilling out approximately 115 feet of cement in the surface casing. The planned total depth is 950 feet.
7:00 PM EST | February 21, 2007
Radial Set to Resume Huaya 100-1X Drilling in Peru
Radial Energy Inc. said from Peru that the re-mobilization of personnel and equipment is well underway in preparation to resume drilling operations on February 15th.
7:00 PM EST | February 13, 2007
Radial Energy to Acquire Colombian Producer
The board of Rancho Hermoso S.A. has approved an offer from Houston-based Radial Energy Inc. to acquire 100% of the shares of the Colombian production company.
7:00 PM EST | February 08, 2007
Radial Reports Peruvian Progress
Radial Energy Inc. on Monday reported from Peru with favorable news regarding the recommencement of drilling operations at the Company's Huaya 100-1X well located in eastern Peru's Ucayali Basin.
7:00 PM EST | January 29, 2007
Radial: Repairs Completed at Peru Block 100
Radial Energy Inc. reported that repairs and replacement of drilling equipment at the Company's Block 100 oil project in Peru has been completed.
7:00 PM EST | January 16, 2007
Radial: Block 100 Drilling to Resume in Mid-January
Oil company Ziegler Peru expects to resume drilling the Ucayali basin's block 100 in Peru in mid-January, US oil company Radial Energy--a 20% stakeholder in the block--said in a statement.
7:00 PM EST | December 28, 2006
Radial Issues Year-end Update
As 2006 comes to a close, Radial Energy Inc. said that over the past year it has acquired a valuable portfolio of exploratory and development assets.
7:00 PM EST | December 26, 2006
Radial Signs Bosques Block JOA in Colombia
Radial Energy Inc. reported Monday that negotiations with Maxim Well Services Ltda. have successfully concluded and, effective immediately, a definitive Joint Operating Agreement (JOA) is in place.
7:00 PM EST | December 04, 2006
Despite Slow Pace, Radial Happy with Status of Huaya Well
Radial Energy Inc. reported on the progress at the Huaya 100-1X well on the company's Block 100 oil project in Peru.
7:00 PM EST | November 27, 2006
Radial Spuds First Well in Peru
Radial Energy Inc. said that drilling has begun at the Huaya 100-1X well on the company's Block 100 oil project in Peru.
7:00 PM EST | November 20, 2006
Radial Energy Reports Colombian Progress
Radial Energy Inc. said Wednesday that the company is moving forward in Colombia, making noteworthy progress executing its strategy to acquire and develop overlooked and under-exploited oil and natural gas reserves in North and Latin America.
7:00 PM EST | November 15, 2006
Radial Energy Receives Second Financing Payment
Radial Energy has received the second tranche of $1,500,000 from Cornell Capital Partners LP, as part of Radial Energy's previously announced $5,000,000 convertible debenture financing.
7:00 PM EST | November 12, 2006
Radial Energy Lines Up Financing from Cornell Capital Partners
Radial Energy has signed a $5,000,000 convertible debenture financing with Cornell Capital Partners, LP and has received the first tranche of $2,000,000.
8:00 PM EST | October 05, 2006
Radial Energy Says Block 100 Reserves Classed as Proved Undeveloped
Radial Energy has received a professional opinion from Gustavson Associates ssessing the Block 100 project in the Huaya Anticline area of the Ucayali Basin of eastern Peru as containing Proved Undeveloped gross reserves of 15.3 MMBO.
8:00 PM EST | September 28, 2006
Radial Energy Inks LOI to Acquire Stake in Bosques Block in Colombia
Radial Energy has executed a Letter of Intent with Maxim Well Services Ltd. to acquire rights to explore and develop oil reserves and production on the Bosques Block in Colombia.
8:00 PM EST | August 28, 2006
Radial Acquires Drilling Equipment, Plans September Well
Radial Energy has acquired drilling equipment for its 20%-owned block 100 in Peru. The drilling equipment will be shipped on August 2 and will arrive roughly three weeks later, with the first well scheduled for drilling in September.
8:00 PM EST | July 20, 2006
Radial Energy Farms-in to Huaya Prospect in Peru
Radial Energy has entered into a formal agreement whereby the Company has obtained a 20% working interest in the Huaya Anticline Project, Block 100 oil prospect located in the Ucayali Basin, Peru.
8:00 PM EST | May 11, 2006
Radial Energy to Buy 20% Stake in Peru's Block 100
Radial Energy has signed a letter of intent with Peruvian E&P firm Ziegler Peru to obtain a 20% working interest in block 100 in the country's central jungle.
8:00 PM EST | April 23, 2006