Silver Spruce Resources Inc. (TSX VENTURE:SSE - ; FWB:S6Q) is pleased to announce that Fugro Airborne Surveys of Toronto, ON, has begun the airborne radiometric/magnetic surveys on the Silver Spruce properties in the Central Mineral Belt and the Seal Lake area in Labrador. The survey totals approximately 10,000 line kilometres.
Compilation work by Silver Spruce has [...]
Goliath Resources Inc (Other OTC:GHRI.PK) is pleased to announce it has signed a Letter of Intent to acquire three Canadian Mineral Properties.
Goliath’s main focus will be the Mazenod Lake project which is located in the North West Territories. Under the terms of the LOI, Goliath will have the right to earn a 75% interest in [...]
Uganda’s Minister of State for Mineral Development Dr Kamanda Bataringaya has said his country could produce up to 4,200 barrels of oil per day.
Radio Uganda Friday cited the minister as saying that there had been positive indications that Uganda’s oil flow could be higher that previously expected, following the discovery of what appeared to be [...]
The pubic has been given a story about gasoline that is simply not true. It is a major misdirection by the oil companies that does not give us the true economics of crude oil and the reason oil companies need to dump gasoline on the market.
Although I am not a petroleum expert, as a CPA [...]
The House, voting 232-187, yesterday approved a bill to end a 25-year-old moratorium on offshore oil and gas drilling. The vote came even after the White House surprised the bill’s supporters by estimating that the measure’s royalty terms would divert “several hundred billion dollars” away from the federal treasury over the next 60 years.
Amid high [...]
House passage on Thursday of the Deep Ocean Energy Resources Act (DOER), legislation that will increase exploration, development and production of oil and natural gas in the Outer Continental Shelf (OCS), is an important step toward securing more domestic supplies of natural gas and oil and aiding in decreasing dependence on foreign sources of energy, [...]
Connacher Oil and Gas Limited (CLL - TSX) announced today it has received a letter from the Alberta Energy and Utilities Board (”EUB/Board”) which responds to the August 15, 2005 application by Connacher Oil and Gas Limited (”Connacher”), requesting approval to implement a steam-assisted gravity drainage (”SAGD”) scheme for the production of bitumen from the [...]
Russia’s uranium exploration and mining assets at home and in the CIS will be combined into a single, purely state-owned enterprise, nuclear energy chief Sergei Kiriyenko said Wednesday, scotching hopes that private investors would be allowed to retain minority stakes in uranium enterprises.
The announcement follows President Vladimir Putin’s approval on June 9 of a plan [...]
