Good progress was logged in Indago Petroleum, 6 pence better at 68, after latest drilling results at the West Bukha-2 offshore well in Oman indicated the site can be developed as a ’significant’ oil and gas project.
The initial target reservoir, called Mishrif/Mauddud, flowed up to 7,600 barrels of oil and 20.5 mln standard cubic feet [...]

Callon Petroleum Co. said on Monday Bobby Weatherly, a member of its board, was named chief financial officer and executive vice president.
Weatherly has over 30 years of experience in corporate financial management and has been a member of the board since the company went public 12 years ago, Callon said in a statement.

Oil and gas explorer and producer Goodrich Petroleum Corp. said Tuesday it will buy a 14.5 percent working interest in 22 wells and about 3,300 gross acres in the Cotton Valley trend in Texas for $6.1 million.
The seller is an undisclosed private company.
Goodrich, which already owned the other 85.5 percent working interest in the wells [...]

Five months after it launched a failed bid to buy two of Canada’s largest metals producers, Arizona’s Phelps Dodge Corp. was itself swallowed by smaller rival Freeport-McMoRan Copper & Gold Inc., a $26-billion (U.S.) takeover that was driven in part by a promising African venture between Phelps Dodge and a small Vancouver company.
The cash and [...]

Zambia has emerged with the biggest number of pre-selected projects due to mining investors presentation at the Mines 2006 indaba it hosts this month, The Post reported Tuesday.
Mines 2006 is an initiative stemming from a 1994 agreement between the European Union (EU) and the Southern African Development Community (SADC) countries to promote investment in the [...]

KOLKATA: Hours after a train bombing killed six people, a land mine exploded by Maoists broke the morning peace on Tuesday at West Bengal’s West Midnapore district, injuring a paramilitary trooper.
Police said the landmine exploded around 8 a.m. at Hatidoba under Belpahari, 250 km from here, seriously injuring the Central Reserve Police Force (CRPF) personnel [...]

A spokeswoman for BHP confirmed the miner has decided to divest the mine and plans to complete the sale before the end of calendar 2007.
BHP said the decision has been made after a review of the company’s energy coal business and talks are underway with several potential buyers.
The mine, 50 kilometers southeast of Middleburg, sells [...]

A gas explosion killed at least one miner and trapped 23 others underground in a coal mine in southern Poland on Tuesday, police said.
A police spokesman said the blast occurred at around 4:30 p.m. (1530 GMT) and was probably caused by methane.
“Some 23 people are there right now and there is absolutely no contact with [...]

Gov. Ed Rendell made a rare appearance in August at a picnic in a small town tucked in the Central Pennsylvania mountains.
While there, the governor threw his support behind a proposed ethanol plant in Clearfield County, promising it would be the first in the Pennsylvania.
Across the state, developers are touting ethanol plants as a source [...]

There was a heated meeting in Beaconsfield last night over the possible re-opening of the town’s gold mine.
Mine management told the meeting of about 40 locals that if the mine did reopen, seismic events like the one that caused the Anzac Day rockfall would be minimised, but could not be ruled out.
Three residents concerned about [...]