-- Italian finds boost Aussie firm's reserves An independent geological report has increased proved natural gas reserves held in northern Italy by Po Valley Energy Ltd., Perth, Australia, to 36.6 bcf from 25.3 bcf.
-- Indonesia to open bidding on 27 blocks Indonesia will open bidding on 27 oil and gas blocks in South Sumatra, Papua, Sulawesi, and East Java, according to a government official.
-- Papua New Guinea InterOil Corp., Toronto, spudded the Elk-1 exploration well on PPL 238 and is to drill to 10,000 ft to target Miocene Puri fractured limestone and Eocene Mendi limestone.
-- Russia Valkyries Petroleum Corp., Vancouver, BC, closed the acquisition of a 50% interest in CJSC Oilgaztet, which holds 100% interest in the license block that includes Ashirovskoye oil field 200 km northwest of Orenburg gas field.
-- India Oil & Natural Gas Corp. let a contract for acquisition of 8,600 sq km of deepwater 3D seismic data off the country's east coast.
-- India offers 55 blocks in sixth NELP round India has put up 55 oil and gas and 10 coalbed methane blocks for bidding under the sixth round of New Exploration Licensing Policy (OGJ, Nov. 21, 2005, Newsletter).
-- China Primeline Energy Holdings Inc., London, sought to raise as much as $25 million to appraise the Lishui 36-1 (Vicky) gas-condensate discovery on Block 25/34 in the East China Sea.
-- New Mexico Cuervo Exploration LLC, private Wichita Falls operator, is drilling a wildcat to 10,000 ft or Precambrian in the Tucumcari basin.
-- New Zealand A group led by McKenzie Petroleum, Wellington, offered farmouts on three areas in 336 sq km PEP 38521 in the Westland basin south of Greymouth on the northwestern South Island.
-- Eni unit gets Pakistani exploration licenses Pakistan has granted four petroleum exploration licenses to Eni Pakistan Ltd. for the Mithi (2470-3), Rajar (2470-2), Thar (2569-2), and Umarkot (2469-8) blocks in the Tarparkar, Umerkot, and Sanghar districts of Sindh Province.
-- Paraguay CDS Oil & Gas Group PLC, London, plans to farm out its Gabino Mendoza and Boqueron blocks in the Chaco basin after its first well failed to meet expectations.
-- Falkland Islands Rockhopper Exploration PLC, London, plans three to four months of processing and interpretation of 2D and controlled source electromagnetic surveys acquired on its North Falkland basin licenses.
-- Tunisia Cygam Energy Inc., Calgary, said its Rigo Oil Co. Ltd. subsidiary acquired the Bazma Permit west of the 400,000-acre Jorf Permit where Rigo's interest is 37.5%.
-- Neuquen basin oil discoveries due pipeline Petrolifera Petroleum Ltd., Calgary, plans to lay a 25-km, 6-in., 13,500 b/d pipeline to connect oil discoveries on its Puesto Morales block in the eastern Neuquen basin of northern Argentina.
-- Albania Bankers Petroleum Ltd., Calgary, said a subsidiary signed a contract to make available 1,400-1,600 b/d of crude oil from Patos-Marinza field to an unspecified refinery in Italy at the rate of two cargoes per month.