Greystar Resources Ltd. is pleased to report that drilling is continuing to enhance the potential and understanding of the northeast area of its wholly-owned, multi-million ounce Angostura gold-silver resource in northeastern Colombia.
“The northeast area of the deposit that comprise Veta de Barro, El Pozo, Veta de Barro East and La Alta East has now [...]
AGR Peak Well Management, part of the Norway-based Ability Group ASA (AGR) oil technology and services group, is to undertake two new drilling programs during 2007 involving nine wells for six independent oil companies operating in the UK sector of the North Sea.
The projects, involving total expenditures of more than £100 million, will be carried [...]
Antrim Energy has signed a Letter of Intent to contract a drilling rig for the Antrim-operated 2007 multi-well Causeway drilling program in UK North Sea Block 211/22a (Antrim 65.5%).
The semi-submersible rig has been contracted by Antrim for three wells and the program will be managed by AGR Peak Well Management (”Peak”). Peak similarly managed the [...]
Exall Resources Limited and Southern Star Resources are pleased to announce the latest series of drill holes on the Bruce Channel Zone at the Gold Eagle property in Red Lake Ontario. Drilling is continuing on the project with four diamond drill rigs that are moving southwards, down the Bruce Channel in order to [...]
Mountain Lake Resources Inc. is pleased to report results from the first three holes of the current drilling program on the Company’s 100% owned Bobby’s Pond base metal (Zn-Cu + Pb-Ag-Au) project.
The purpose of the current drilling program is to increase the tonnage of the deposit at depth, to determine the geometry of the deposit’s [...]
Polish officials said on Wednesday they feared the worst as rescuers battled to reach 15 miners trapped in a deep coal mine after an explosion that killed at least eight others.
More than 70 rescuers worked through the night and tried to pump air into a tunnel to help them overcome “hell” conditions in the mine [...]
The Vietnam National Coal-Mineral Industries Group and Aluminium Corp. of China Ltd. , or Chalco, will invest around $1.6 billion in mining bauxite and refining alumina, they said on Wednesday.
The two firms signed a framework agreement on the project last Thursday in Hanoi during a visit by Chinese President Hu Jintao before he attended an [...]
Ignis Petroleum Group, Inc. announced the appointment of Shawn Clift as Chief Financial Officer. Ms. Clift will be responsible for strategic planning, forecasting and budgeting, financial management, SEC and financial reporting and capital sourcing. She will serve as a member of Ignis’ senior management team.
Shawn has over 20 years experience in finance and accounting, [...]
Nautical Petroleum PLC said it has secured the rig slots that will allow the group to proceed with the drilling of the North Sea Kraken and Mermaid prospects in mid-2007.
Kraken, in which Nautical holds a 45 pct stake, is believed to contain gross resources of around 53 mln barrels of oil.
Mermaid, in which the company [...]
Kencana Petroleum Bhd, scheduled for listing on the Main Board of Bursa Malaysia on Dec 15, 2006, expects group revenue to exceed RM800 million in 2007.
Executive chairman Datuk Mokhzani Mahathir said the group had registered a revenue of RM473 million for the year ended July 31, 2006, and expected this to be enhanced by securing [...]
