Madalena Ventures (CVE:MVN) has made yet another announcement showing the oil and gas explorer's progress, this time saying it has secured financings for proceeds of up to $6 million. The news comes just two days after it announced it has hired a financial advisor to help with the farmout process for its Curamhuele block in Argentina and just a week after it extended the exploration period on the block by a year. 

"We believe the Bokhtar PSC is a world class asset with enormous potential,” Tethys president Dr David Robson said.

New Zealand Energy Corp. (CVE:NZ)(OTCQX:NZERF) has renegotiated and finalized the purchase of assets from Origin Energy (ASX:ORG), furthering its plans to focus on lower-cost exploration and production that is close to infrastructure in its bid to bolster cash flow. The negotiations have resulted in a simplified agreement and a lower purchase price. 

Our next Proactive Investors One2One Forum in Toronto will take investors to the exciting region of Central Asia with Tethys Petroleum (TSE:TPL) (LON:TPL), which is exploring and producing oil and gas in Tajikistan, Kazakhstan, and most recently Uzbekistan.

News the drilling has begun on the Kutvolgy-1 well in Hungary marks the start of an exciting period of activity for newly listed AIM explorer Falcon Oil & Gas (LON:FOG) (CVE:FO).