Energy Companies' Expansion Fuels Industry's Growth: PetroTech Oil & Gas, Chesapeake Energy, Cabot Oil & Gas, Exxon Mobile, BP

  Energy Companies' Expansion Fuels Industry's Growth: PetroTech Oil & Gas,
             Chesapeake Energy, Cabot Oil & Gas, Exxon Mobile, BP

PR Newswire

CORAL SPRINGS, Florida, October 25, 2013

CORAL SPRINGS, Florida, October 25, 2013 /PRNewswire/ --

A quick glance at the latest news and notes of the leaders in the mineral
sector: PetroTech Oil and Gas (OTCQB: PTOG), Chesapeake Energy Corproration
(NYSE: CHK), Cabot Oil & Gas Corporation (NYSE: COG), Exxon Mobile Corporation
(NYSE: XOM) and BP plc (NYSE:BP)

PetroTech Oil and Gas, Inc. (OTC:PTOG) announces they have scheduled to move
their rigs onto the new Nowata lease in Oklahoma, to begin set up for testing
and swabbing on the first of the five wells, along with evaluation of
production levels based on the results. They have ordered new pump jacks and
lines for installation. "We are excited about moving this project ahead of
schedule to bring production in before the end of year; we expect immediate
results on the reworked wells. We will complete testing an in the Mississippi
and Woodford zones. These wells could initial flow 50 to 60 barrels a day with
at least 6 drilling locations spotted on our lease. We will post the results
of tests next week and expect that the minimum oil produced from existing
wells to be 20 barrels a day with another 300mcf of gas a day" Stated Eddie
Schilb, President.

To read the full press release, please click

Chesapeake Energy Corporation (NYSE: CHK) has scheduled to release its 2013
third quarter operational update and financial results before market open on
Wednesday, November 6, 2013. A conference call to discuss the results has been
scheduled for the same day at 9:00 am EST. The telephone number to access the
conference call is913-312-0713or toll-free888-778-9069. The passcode for
the call is5588965. We encourage those who would like to participate in the
call to place calls between 8:50 and 9:00 am EST.

Cabot Oil & Gas Corporation (NYSE: COG) today reported its financial and
operating results for the third quarter of 2013. Highlights for the quarter
include: Production of 107.1 billion cubic feet equivalent (Bcfe), an increase
of 61 percent over last year's comparable quarter. Cash flow from operations
of $276.7 million and discretionary cash flow of $282.3 million. Net income of
$69.9 million, or $0.17 per share. Net income excluding selected items of
$74.6 million, or $0.18 per share. Total per unit costs (including financing)
of $2.97 per thousand cubic feet equivalent (Mcfe), a 15 percent decline over
last year's comparable quarter.

UOP LLC (UOP), a Honeywell company (NYSE: HON), and ExxonMobil Research (NYSE:
XOM) and Engineering Company (EMRE) have finalized a technology licensing
agreement with a subsidiary of Gazprom Neft under Honeywell's UOP and EMRE's
joint marketing alliance. The new technology will enable Gazprom to improve
its production of refined distillates at its subsidiary, the Moscow Oil
Refinery Plant. The refiner will combine UOP Distillate Unionfining™
hydroprocessing solutions with EMRE's distillate de-waxing technology to
produce low-sulfur diesel.

Kosmos Energy (NYSE: KOS) recently announced that it has entered into three
farm-out agreements with BP plc (NYSE: BP), covering three blocks in the
Agadir Basin, offshore Morocco. Under the terms of the agreements, BP will
acquire a non-operating interest in each of the Essaouira Offshore, Foum
Assaka Offshore and Tarhazoute Offshore blocks. BP will fund Kosmos' share of
the cost of one exploration well in each of the three blocks, subject to a
maximum cost per well. In the event a second exploration well is drilled in
any block, BP shall pay a disproportionate share of the well cost subject to a
maximum cost per well. BP shall also pay its proportionate share of past
costs. Completion of the transactions is subject to customary closing
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PetroTech Oil and Gas, Inc.


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