MANILA Mining Corp. expects to raise about 895 million pesos from a stock rights offer to shareholders, and will use the money to settle debts and fund exploration, the company said.
A Manila Mining statement to the stock exchange says the stock rights offer will also support an increase in its authorized capital stock to 1.8 [...]

Vane Minerals recovered some of its recent slide as the company said its uranium subsidiary has acquired exploration rights for an additional three breccia pipe prospects in northern Arizona.
The prospects, Cholla, NCP-7 and CP-14, are all located on Federal lands and bring the total number of breccia pipe prospects in the firm’s portfolio to 22.
The [...]

Terax Energy Inc.has announced oil and gas net revenues of approximately $133,000 for the month of June 2006, based on production of its first three wells in Erath County, Texas, targeting the Barnett Shale Formation.
Terax’s net gas sales from the Mitchell #1-H, #2-H and #3-H wells were approximately $103,836 for 16,797 net mmbtu — an [...]

PetroQuest Resources, Inc. (Computer Pink Sheets: PQRJ.PK), announced today that Mountaineer Gas Transmission, Inc., its wholly owned gas and oil production subsidiary, recently acquired 100 percent of the working interest in 18 gas and oil wells in Vinton County, Ohio.
The Company plans to rework all 18 of the recently acquired wells and bring the production [...]

Workers at Chile’s Escondida copper mine, the world’s largest, rejected late on Wednesday the company’s latest wage offer, paving the way for a crippling strike next week barring an improved proposal.
The mine, majority-owned by global miner BHP Billiton, now has until Friday to offer a fresh deal to Escondida’s more than 2,000 workers or a [...]

Augusta Resource Corporation submitted its formal Plan of Operations to the United States Forest Service for the company’s 100% owned Rosemont copper/molybdenum project in Pima County, Arizona, 30 miles southeast of Tucson. The benchmark document signals the kickoff of the environmental assessment (”EA”) and public review processes for the project.
“This is a significant step for [...]

Orbit Petroleum, Inc. has published its first Monthly Newsletter! “We are excited and pleased that we can provide better communication with our shareholders and investors in this format - comments are appreciated,” states Jim Frazier, Orbit’s President.
The newsletter is available for review at the Company’s web site - www.orbitpetro.com
Safe Harbor Statement
This projection does not take [...]

M-I SWACO today announced that it has acquired Specialised Petroleum Services Group Limited (”SPS”) of Aberdeen, Scotland in exchange for cash consideration of approximately $165 million. SPS is a leading provider of well-bore clean-up products and services for the technically-challenging offshore market. The acquired operations had revenues of $38 million for the six months ended [...]

On August 1, Stephen Hollis, Chairman and CEO of Double Eagle Petroleum Co. (Nasdaq: DBLE) updated the investment community in an exclusive interview with www.wallst.net . Topics covered in the interview include an overview of the Company and the its working interest properties, recent press releases, current capitalization, upcoming strategic and financial milestones.
To hear the [...]

Thailand’s petroleum giant, PTT Public Company Limited (PTT), has successfully discovered a new petroleum source in an offshore concessionary area in neighbouring Myanmar.
Mr. Maroot Mrigadat, President of PTT Exploration and Production Public Company Limited (PTTEP), an affiliate of PTT, announced on Wednesday that the company had discovered the potential petroleum source in the sea, about [...]