Calvalley Petroleum Inc.

Calvalley Petroleum Inc.is providing an update with respect to a claim filed in the Commercial Court of Yemen by a Saudi Arabian company. As previously disclosed by Calvalley, the Claimant alleges that, pursuant to an agency agreement entered into in 1996, it is entitled to ten per cent of the net profits attributable to the Company's Yemen [...]

Calvalley Petroleum Highlights The Company's working interest share of production volumes before royalties and taxes of 2,378 barrels per day in the third quarter of 2012 was 10 per cent higher than 2,156 barrels per day for the third quarter of 2011. Average gross production volumes for the month of October are estimated to be approximately 5,500 [...]

Calvalley Petroleum is pleased to provide an update on the drilling of the Ras Nowmah 4 appraisal well.The Ras Nowmah 4 well is the second of two appraisal wells recently drilled offsetting the Ras Nowmah 2 discovery well that was drilled in 2010.Drilling operations at Ras Nowmah 4 were completed near the end of September, 2012 with the well being [...]

Calvalley Petroleum provides update on strategic alternatives review process. As previously announced on July 11, 2012, Calvalley Petroleum Inc. initiated a process to identify, examine and consider a range of strategic alternatives available to the Corporation with a view to enhancing shareholder value.  The process of reviewing strategic [...]

Calvalley Petroleum is pleased to report that the second appraisal well, Ras Nowmah 4, to be drilled offsetting the Ras Nowmah 2 discovery well that was drilled in 2010 was spud on August 12, 2012.The final completion and testing of the first appraisal well, Ras Nowmah 5, will be performed by a service rig which is now at the Ras Nowmah 5 location [...]

CALGARY, Aug. 9, 2012 /CNW/ - Calvalley Petroleum Inc., (TSX: CVI.A)HighlightsEarnings in the second quarter of 2012 were $0.09 per share ($8.1 million) compared to the loss of $0.03 per share (-$2.6 million) in the second quarter of 2011. For the six month period ended June 30, 2012 earnings increased to $0.16 per share ($15.1 million) up [...]

Calvalley is pleased to provide an update on the drilling of the Ras Nowmah 5 appraisal well.The Ras Nowmah 5 well is the first of two appraisal wells planned to be drilled offsetting the Ras Nowmah 2 discovery well that was drilled in 2010.Drilling operations have performed according to schedule and effective July 28, 2012 the well was logged [...]

Calvalley Petroleum announces the decision not to exercise its option to acquire an additional working interest in Block 9, Republic of Yemen and announces the decision by the TSX to defer consideration of the Shareholder Rights Plan

Calvalley Petroleum provides the following update for shareholders.The Company is pleased to report the resumption of production from the Al Roidhat field.Throughout this year Calvalley has been in discussions with the government, military and local authorities with the objective of restoring production in the Al Roidhat area. On July 17, 2012 [...]

Calvalley announces a corporate update further to its news release of July 11, 2012. In light of a number of inquiries received as a result of today's announcement by DNO International ASA, the Company confirms that the Special Committee that was established by its Board of Directors will continue to explore and consider strategic alternatives [...]