Key Energy Services Buys Kings Oil Wells and Atwood Announces Date of Record for Shareholders to Vote at Annual Meeting

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City of Industry, CA --(www.USEquityNews.com)-- 12/12/2007 - Oil and Gas Exploration industry alert provided by U.S. Equity News. Key Energy Services Inc. (NYSE: KEG), which provides oil drilling services, said recently it bought the well service assets of Kings Oil Tools, including 46 rigs and related support equipment, for $45 million. Key Energy expects the rigs, located across California, to generate about $36 million in revenue in 2008. Key Energy Services, Inc., together with its subsidiaries, operates as an onshore, rig-based well servicing contractor in the United States.


Bronco Drilling Company, Inc., (NASDAQ: BRNC), announced recently operational results for the month ended and as of November 30, 2007. Utilization for the Company's drilling fleet was 73% for the month of November compared to 75% for the previous month and 76% for the third quarter of 2007. The Company had an average of 48 marketed rigs in November compared to 50 in the previous month and 53 for the third quarter of 2007.

Atwood Oceanics, Inc. (NYSE: ATW) announced recently that the Board of Directors has declared that the shareholders of record at the close of business on December 31, 2007 shall be entitled to notice of and to vote at the annual meeting of shareholders to be held on February 14, 2008 at the Company's corporate offices in Houston, Texas. Statements contained in this release with respect to the future are forward-looking statements. These statements reflect management's reasonable judgment with respect to future events.

MegaWest Energy Corp. (OTCBB: MGWSF), an independent oil and gas company (Cusip: #585168 107), specializing in non-conventional oil and gas projects with a focus on North American heavy oil, announces that MegaWest Energy's presentation at the Houston Energy Financial Forum, presented by the Oil and Gas Financial Journal, in Houston, Texas on Thursday, November 15, 2007 has been rescheduled to 3:05 PM. President and CEO, George Stapleton will be presenting a corporate overview to investors. The conference is being held at Hotel ZaZa, 5701 Main Street, Houston, TX 77005. For the full StocksJournal CFA report, please visit, http://www.stocksjournal.com

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