Ausam Energy Company News

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Ausam, Noram File for Chapter 11 Bankruptcy Protection
Ausam and its wholly owned subsidiary, Noram Resources, filed voluntary Chapter 11 bankruptcy petitions with the U.S. Bankruptcy Court in Houston, Texas.
7:00 PM EST | December 30, 2008
Grim Prospects Ausam Energy Corporation
Ausam Energy Corporation advises that its financial position has continued to materially deteriorate and there is now a serious risk that it will be unable to continue as a going concern.
7:00 PM EST | December 21, 2008
Drilling Commences at Vision Chalk Prospect
Ausam announced that drilling has commenced on the Rice University A-393 1H well on its Vision Chalk Prospect in Tyler County, Texas.
7:00 PM EST | November 18, 2008
Square Mile, Partners Make Gas Condensate Discovery in Texas
Ausam Energy Corporation has made a gas condensate discovery on its Nolte Marsh prospect in Liberty County, Texas.
8:00 PM EST | September 16, 2008
Ausam Fracs RDH Farms-1 Well in TX, Gains 3.3 Mmcf/d
Ausam Energy Corporation reported that the frac of the RDH Farms-1 well (Ausam 45% working interest) resulted in initial gas production of approximately 3.3 MMcfpd plus approximately 89 barrels of condensate per day.
7:00 PM EST | January 21, 2008
Mosaic Spuds Brynog-1
Mosaic Oil NL said that the Brynog-1 well, which is operates, spudded at 7 a.m. EST on Monday.
8:00 PM EST | March 25, 2007
Mosaic Oil Finds Gas at Downloads-4
The Downlands-4 well was completed and perforated over the Tinowon Sandstone reservoir interval 1835.8 – 1840.8 meters. On cleanup flow, the well flowed gas at stabilized rate of approximately 1.8 mmscfd.
8:00 PM EST | September 27, 2006
Ausam Energy Suspends Bellbird West-1
The Bellbird West-1 well has reached a depth of 2,359 meters through conventional drilling. The well has been suspended by setting 5.5 inch casing to bottom in preparation for underbalanced drilling of the deeper primary objective.
8:00 PM EST | August 30, 2006
Mosaic Conducts Waggamba Flow Test
A 20 hour cleanup flow of Waggamba-1H was commenced at 1600 hrs on 18th August. The cleanup flow served to unload the drilling/completion fluid in the wellbore prior to the main flow test.
8:00 PM EST | August 20, 2006
Great Artesian: Drilling Begins at Bellbird
Great Artesian Oil and Gas Limited said that it has been advised by Ausam Resources NL that the Bellbird West-1 exploratory oil well spudded early Tuesday in ATP 552 Surat Basin Queensland.
8:00 PM EST | July 24, 2006
Ausam Resources Takes Stake in Bainbilla Block
Mosaic Oil's farm-in deal with Ausam Resources for the Bainbilla Block is further implementation of Mosaic's strategy to accelerate exploration and exploitation through farm-out.
8:00 PM EST | May 23, 2006
Ausam Energy Enters Farmin Deal with Rawson Resources
Ausam has entered into a farmin agreement with Rawson Resources in ATP 552P in the Surat/Bowen Basin of Queensland, Australia.
7:00 PM EST | March 27, 2006
Ausam Energy Drilling Ahead on Loy Yang-2 Well
Ausam Energy says that drilling is continuing on the Loy Yang - 2 exploration/commitment well located at PEP 166 in the Onshore Gippsland Basin in Victoria.
7:00 PM EST | March 13, 2006
Ausam Energy Closes $8 Million Private Placement
Ausam Energy has closed non brokered private placements of 8,895,285 units at $0.90 per unit for a total raising of $8,005,755.
8:00 PM EST | July 21, 2005
Ausam Energy Finds Gas with Ungabilla-1 Well
Ausam Energy reports reports strong gas shows in the primary objectives from the Ungabilla-1 exploratory well in ATP754P in the Surat/Bowen Basin in Queensland.
8:00 PM EST | June 09, 2005
Ausam Spuds Ungabilla-1 Well
Ausam Energy has spud the Ungabilla-1 well, the third well in its 2005 drilling program in the Surat/Bowen Basin of Queensland.
8:00 PM EST | May 16, 2005
Ausam Spuds Parknook-7 Well
Ausam Energy has spudded the Parknook-7 well, the second well in its 2005 drilling program in the Surat/Bowen Basin of Queensland.
8:00 PM EST | April 26, 2005
Ausam Successfully Completes First Stage of Namarah-7
Ausam Energy has completed the first stage of drilling of the Namarah-7 well, the first well in its 2005 drilling program in the Surat/Bowen Basin of Queensland, Australia.
8:00 PM EST | April 18, 2005