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Calvalley Petroleum Company News
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Canadian Oil Company to Liquidate Due to Crisis in Yemen
Canada's oil and gas producer Calvalley Petroleum says it will liquidate due to the political crisis in Yemen where most of its operations are located.
8:00 PM EST | April 08, 2015
Calvalley to Boost Production in Yemen
Calvalley provided an operational update regarding current production development activities on the Company's Malik Block 9 in Yemen.
8:00 PM EST | June 08, 2011
Calvalley Delivers First Oil into MEPS
Calvalley has commenced delivery of Block 9 production of crude oil into the MEPS through the Company's Truck Offloading Facilities located at Block 51.
8:00 PM EST | April 11, 2011
Calvalley Updates Yemen Ops
Calvalley provided an operational update on the recent activities on Block 9.
8:00 PM EST | March 22, 2011
Calvalley Preps for Production Testing at Yemen Well
Calvalley announced that production testing is expected to commence on March 8, 2011 at the its Qarn Qaymah-3 well.
7:00 PM EST | March 03, 2011
Calvalley Passes Test at Yemen Well
Based on the pressure drawdown and build-up data, this 2nd phase of testing clearly indicates that the Ras Nowmah-2 well is potentially capable of producing at much higher flow rates.
8:00 PM EST | August 22, 2010
Calvalley Tests Positive Oil Flows at Yemen Well
Calvalley announced the successful completion and test results of its Ras Nowmah Oil Field well, Ras Nowmah-2, in the Republic of Yemen.
8:00 PM EST | August 15, 2010
Calvalley Sets Up Shop in UAE
Calvalley has taken the first step toward building its core operational and technical team in the regions where it operates.
8:00 PM EST | August 10, 2010
Calvalley Petroleum Cites Increases in 2009 Reserves
As at December 31, 2009, Calvalley's gross working interest Proved plus Probable reserves are estimated to be 26.5 MMbbl, representing an increase of 8% (11% including produced reserves in 2009).
7:00 PM EST | March 09, 2010
Calvalley Agrees to Terms for Crude Transport in Yemen
Calvalley Petroleum has provided an operational update on recent exploration activities and developments in its continued efforts to finalize agreements for the transportation of blended crude oil from Block 9.
7:00 PM EST | February 11, 2010
Calvalley, Ethiopian Govt. Ink PSC to Develop Gimbi, Metema Blocks
Calvalley Petroleum entered into its first Production Sharing Contract with Ethiopia for the exploration, development and production of petroleum resources in the Gimbi and Metema blocks.
8:00 PM EST | October 19, 2008
Calvalley Petroleum to Commence Production on Roidhat Field
Calvalley Petroleum has successfully finalized an agreement with the Ministry of Oil and Mineral Resources of the Republic of Yemen to commence production from the Roidhat field.
8:00 PM EST | June 16, 2008
Calvalley: Qarn Qaymah 2 Encounters Hydrocarbon Shows
The well has demonstrated the potential viability of the granite basement structure in Block 9 as another potential hydrocarbon reservoir and additional exploration is intended to be directed toward similar structures.
8:00 PM EST | March 12, 2008
Calvalley Spuds and Drills, Discovers Gas and Oil in Yemen
Exploration by Calvalley reveals gas and oil in Block 9 in the Republic of Yemen.
7:00 PM EST | December 13, 2007
Calvalley Petroleum Adds to Management Team
Calvalley has appointed Bill Cummins as CFO; Grant Harms as VP of Engineering and Operations; Terry McCoy as VP of Explorations; Geoff Martin as Manager of Geophysics; and Lorne LeClerc as Manager of Exploration.
7:00 PM EST | November 19, 2007
Calvalley Petroleum Modifies Drilling Program for Malik-1 Exploration Well
Calvalley has modified the drilling program for Malik-1 exploration well after its first indications of oil migration and anticipates testing the fractured basement potential well as the oil shows in the Qishn and Saar formation.
8:00 PM EST | October 03, 2007
Calvalley Commissions CPF and Brings More Wells On Stream
Calvalley says its Central Processing Facility has been commissioned and crude oil production is currently flowing through the facility into a storage tank farm and in testing and completing the CPF, three new wells have been put into production.
8:00 PM EST | August 29, 2007
Calvalley Provides Operations Update
A number of prospects have been identified by Calvalley for exploration drilling during the third and fourth quarters of 2007 and each prospect has attractive and unique characteristics with multiple potential pay horizons.
8:00 PM EST | August 22, 2007
Calvalley Provides Status of the Yemen Pipeline Project
Calvalley Petroleum reports status from its ongoing discussions and planning with respect to a pipeline to transport crude oil from its Block 9 property to a receiving point located at Block 18 in the Republic of Yemen.
8:00 PM EST | August 14, 2007
Calvalley, Reliance Strike Deal for Yemen Production
Calgary-based Calvalley Petroleum Inc. on Monday provided the following update on its operations on Block 9 in Yemen.
7:00 PM EST | March 05, 2007
Calvalley Issues Yemen Resource Estimate
Calvalley Petroleum Inc., an international junior oil and gas company based in Calgary, Alberta, reported that McDaniel & Associates Consultants Ltd. recently completed a resource estimate for Block 9 (100%) in the Republic of Yemen.
7:00 PM EST | November 29, 2006
Calvalley Petroleum Receives Pipeline Approval in Yemen
Calvalley Petroleum has received a formal approval from the Ministry of Oil and Minerals of the Republic of Yemen to construct 250 kilometers of 16 inch diameter pipeline along a proposed pipeline right of way between Block 9 to Block 18.
8:00 PM EST | October 10, 2006
Calvalley Logs Oil Pay in Yemen at South Hiswah 1
Calvalley Petroleum has made a new oil pool discovery south of the existing Hiswah field in Yemen.
8:00 PM EST | September 12, 2006
Calvalley Updates Yemen Operations
Calvalley drilled a vertical well (the "HQ-1" well) in a Qishn structure identified from a 3-D seismic approximately 300 meters above the existing Hiswah Saar-Naifa formation and the well encountered a 10-meter gross oil column.
8:00 PM EST | July 18, 2006
Calvalley Petroleum Closes Bought Deal $58.5 Million Financing
Calvalley Petroleum has successfully completed a bought deal private placement of 9,000,000
Class A common shares at a price of $6.50 per share for total gross proceeds of $58.5 million.
7:00 PM EST | February 20, 2006
Calvalley Petroleum Completes Hiswah-8 and Spuds Hiswah-9 in Yemen
Calvalley Petroleum reports that the drilling rig was released on December 16th from the Company's sixth horizontal Hiswah well (Hiswah-8) on block 9 in the Republic of Yemen.
7:00 PM EST | December 21, 2005
Calvalley Petroleum Turns On the Taps at Block 9 in Yemen
Calvalley Petroleum has commenced production of oil from the Hiswah
oil pool located on Block 9 in Yemen.
7:00 PM EST | December 11, 2005
Calvalley Petroleum Named to 2005 TSX Venture 50
Calvalley Petroleum was named to the 2005 TSX Venture 50, the first ever ranking of Canada's top emerging public companies listed on TSX Venture Exchange.
7:00 PM EST | December 06, 2005
Calvalley Petroleum Appoints Key Senior Managers
Edmund M. Shimoon, President & CEO of Calvalley Petroleum has made the following appointments to its leadership team. These new positions will bolster the Company's management as it initiates the development of Block 9 in the Republic of Yemen.
7:00 PM EST | November 22, 2005
Calvalley Petroleum Makes Oil Find at Hiswah-7 Well in Yemen
Calvalley Petroleum says that the Hiswah-7 was drilled horizontally into the oil-bearing Saar-Naifa formation and is the fifth successful horizontal well drilled into the Hiswah oil field.
7:00 PM EST | November 17, 2005
Calvalley Petroleum Moving Ahead with Hiswah Field Development
Calvalley Petroleum and its partners in Block 9 in the Republic of Yemen have formalized an agreement on early production in the block and are moving ahead on the project.
7:00 PM EST | November 09, 2005
Calvalley Announces Approval for Toronto Stock Exchange Listing
Calvalley Petroleum has received conditional approval for the listing of its Class A Common Shares on the Toronto Stock Exchange.
8:00 PM EST | October 27, 2005
Calvalley Petroleum Abandons Auqban-2 Well in Yemen
Calvalley Petroleum says the Auqban-2 appraisal well on Block 9 that spudded on August 6th has been abandoned. The Auqban-2 well was drilled on the basis of an assumed structural closure to a
depth of 2,178 metres, including penetrating 283 metres of the basement.
8:00 PM EST | September 08, 2005
Calvalley Petroleum to Abandon Daysah-1 Well in Yemen
Calvalley Petroleum reports that the Daysah-1 exploration well that spudded on July 7th has been abandoned after having encountered non-reservoir quality rock despite encouraging oil shows.
8:00 PM EST | August 01, 2005
Calvalley Petroleum Spuds Daysah-1 Exploration Well
Calvalley Petroleum reports that drilling operations at the Daysah-1 exploration well in Yemen have commenced.
8:00 PM EST | July 07, 2005
Calvalley Petroleum Sucessfully Tests Hiswah-6 Appraisal Well
Calvalley Petroleum reports the completion of a successful production test of the Hiswah-6 horizontal appraisal well.
8:00 PM EST | June 21, 2005
Calvalley Declares Block 9 in Yemen Commercial
Calvalley Petroleum, Operator of Block 9 in the Republic of Yemen, has advised the Ministry of Oils and Minerals that Commercial Discoveries of Oil have been made at Hiswah, Al Roidhat, Auqban and Qarn Qaymah in Block 9.
8:00 PM EST | June 02, 2005
Calvalley Petroleum Spuds Hiswah-6 Appraisal Well
Calvalley Petroleum reports that drilling operations at the Hiswah-6 appraisal well in Yemen have started.
8:00 PM EST | May 26, 2005
Calvalley Petroleum Production Tests Hiswah-5 Appraisal Well
Calvalley Petroleum has successfully performed a production test of a horizontal appraisal well at Hiswah-5 well in Block 9 that further confirms the size and potential of the Hiswah Saar oil pool and identified a potential new oil pool in the Upper Qishn Sandstone.
8:00 PM EST | May 17, 2005
Calvalley Petroleum Logs Pay with Hiswah-5 Appraisal Well
Calvalley Petroleum reports that drilling and wireline logging operations on the vertical wellbore at the Hiswah-5 appraisal well have now been completed.
8:00 PM EST | April 25, 2005
Calvalley Spuds Hiswah-5 Appraisal Well in Yemen
Calvalley has spud the Hiswah-5 well located on Blocok 9 in Yemen. The well will be drilled to the NE in the opposite direction of Hiswah-4 in order to test the NE flank of the Hiswah field.
8:00 PM EST | April 14, 2005
Calvalley Petroleum Tests Hiswah-4 Appraisal Well
Calvalley Petroleum reports that the testing of a horizontal appraisal well, drilled into the Hiswah oil discovery that confirms a continuous oil reservoir over the 7 km long structure has begun.
8:00 PM EST | April 10, 2005
Calvalley Logs Pay with Hiswah-4 Appraisal Well
Calvalley Petroleum reports that drilling operations on the vertical wellbore at the Hiswah-4 appraisal well have now been completed.
7:00 PM EST | March 01, 2005
Calvalley Petroleum Spuds Hiswah-4 Appraisal Well
Calvalley Petroleum has spudded the Hiswah-4 appraisal well on Saturday February 19th. Hiswah-4 is the second of several planned appraisal wells in the Hiswah pool.
7:00 PM EST | February 20, 2005
Calvalley Successfully Tests Hiswah-3 Appraisal Well
Calvalley Petroleum has successfully completed a successful horizontal appraisal well drilled into the Hiswah oil discovery.
7:00 PM EST | February 15, 2005
Calvalley Petroleum Completes Hiswah-3 Appraisal Well
Calvalley Petroleum reports that drilling operations at the Hiswah-3 appraisal well in Block 9 in Yemen have now been completed and that production testing will start over the next few days.
7:00 PM EST | January 26, 2005
Calvalley Petroleum Spuds Hiswah-3 Appraisal Well
Calvalley Petroleum reports that the modifications to the drilling rig have now been completed and it has spudded the Hiswah-3 appraisal well in Yemen.
7:00 PM EST | December 19, 2004
Calvalley Gets Approval for 2nd Exploration Period on Blk 9
Calvalley Petroleum reports that the Ras Noor-1 exploration well has been suspended as an oil discovery.
8:00 PM EST | October 26, 2004
Calvalley Spuds Ras Noor-1 Well in Yemen
Calvalley Petroleum has spud the Ras Noor-1 exploration well located on Block 9 in Yemen.
8:00 PM EST | September 22, 2004
Calvalley Finds Oil with Al Roidhat 4 Well in Yemen
Calvalley Petroleum, Operator of Block 9, announces that the Al Roidhat 4 appraisal well that spudded on July 22nd has encountered oil in the Upper Qishn Sand Formation reservoir.
8:00 PM EST | August 04, 2004