Vinoble, Inc. (OTC BB:VNBL.OB - News) announced June 19, 2006 that drilling had begun on the Clovelly South Prospect’s Allain-Lebreton No. 2 well. The Company has been notified by the operator that as of early this morning the well has reached a depth of 11,000 feet.
Daily reports provided from the site indicate normal operations. Although [...]
CanWest Petroleum Corp. and Oilsands Quest Inc. have announced management’s preliminary estimate of the original bitumen resources in place (OBIP) in an area covered by Oilsands Quest’s Phase I drilling program in northwest Saskatchewan.
The program consisted of drilling on two blocks on Oilsands Quest’s 100-percent-owned Permit PS00210, located in Township 95, Ranges 24 and 25 [...]
Empire Petroleum Corporation has signed a drilling contract for its Nevada test well, which should commence drilling about August 15, 2006. This test is projected to test a large structure up-dip from a well which had good oil shows. The Company owns a Ten (10%) percent working interest in 44,604 lease acres and has entered [...]
TODCO has announced the reactivation of a cold-stacked drilling rig. THE 153, a 150 foot mat cantilever jackup rig, will be reactivated for an estimated cost of approximately $20 million of which approximately 20% will be capitalized with the remainder being expensed over the reactivation period. The rig is expected to be operational by late [...]
The Texas Hill Country hasn’t traditionally been a hotbed for oil and gas drilling. With energy prices at record levels, that’s changing.
They call it black gold. Some think there might be some hidden in the hills of Lampasas and Coryell counties. The work is already underway to launch this new industry in a place were [...]
Metro Gold Mines Mineral Resources, Inc. (Pink Sheets: MGMX) finds itself in an odd position. The Company’s shares trade on the Pink Sheets, yet Pink Sheets refuses to publish quotes for the Company’s stock. This is how Pink Sheets puts it:
Pink Sheets believes adequate current information must be publicly [...]
Predictions of a boom in mineral exploration in the Yukon are panning out this year.
The territory’s mining industry has more than doubled in a year, with estimated exploration and development expenditures topping $107 million. Of that, $67 million is being spent on exploration, and the balance on further development of properties.
It’s a far cry from [...]
Canadian stocks rose, led by energy producers including Petro-Canada as crude oil climbed to a record.
The Standard & Poor’s/TSX Composite Index gained 42.51, or 0.4 percent, to 11,644.52 at 10:33 a.m. in Toronto. It has risen 1.1 percent this week and is headed for a third-straight weekly gain.
Petro-Canada, the country’s third-biggest oil and gas producer, [...]
