Lundin Mining Corporation announces that it has completed the acquisition of 4,000,000 units of Sanu Resources Ltd. (”Sanu”) at a price of Cdn $0.65 per unit for a total investment of Cdn $2.6 million. Each unit comprises one common share and one transferable common share purchase warrant. Each warrant is exercisable into one common share [...]
CNOOC Limited announced its business strategy and development plan for year 2007.
The total targeted net production of CNOOC Ltd. in 2007 is 162-170 million barrels of oil equivalent (BOE). The Company’s net production for 2006 is estimated to be 165-168 million BOE(with WTI at US$65.74/barrel).
During the year, five projects are expected to come [...]
Rancher Energy Corp has been rated “Speculative Buy” with a target price of $7.39 by Beacon Equity Senior Research Analyst, Kris Goldcross, CFA.
The full report is available at http://www.BeaconEquityResearch.com
Anyone interested in receiving alerts regarding Rancher Energy Corp research should email members@beaconequityresearch.com with “RNCH” in the subject line.
In the report Mr. Goldcross writes, “The Company is [...]
Toreador Resources Corporation and its joint venture partners TPAO (the Turkish national oil company) and Stratic Energy Corporation today announced the successful test of the uppermost of three zones in the Akcakoca-4 well. The flow test resulted in a flow rate of approximately 18.9 million cubic feet of gas per day (MMCFD) with a flowing [...]
Brian Dean, Publisher of OTCPicks.com, announced that it has initiated Profile Coverage of Radial Energy, Inc.. Mr. Dean comments, “Radial Energy recently reported from Peru with favorable news as regards the recommencement of drilling operations at the Company’s Huaya 100-1X well located in eastern Peru’s Ucayali Basin. The company has produced replacement parts for the [...]
Glencairn Gold Corp. announced that it has initiated a CDN$2.5 million exploration program at its Nicaraguan gold properties. The program will focus on the Limon Mine and the Mestiza Project as well as the Libertad Mine, where there has been no exploration since 1998.
“We are pleased to be starting the exploration program for all three [...]
Raven Gold Corp. is pleased to announce that Mr. David Petersen will be acting as the Company’s Senior Advisor. Mr. Petersen has been involved in the mining industry for over 50 years. He completed a Mining Engineering course from Witwatersrand University in 1958 and Mining Geology studies in 1964. Mr. Petersen has worked throughout North [...]
Olin Corp., which makes copper alloys, ammunition, chlorine and caustic soda, warned Tuesday its first-quarter profit would drop sharply, hurt by softness in its chlor alkali and metals businesses.
The company projects quarterly earnings of 25 cents per share, compared with the 47 cents per share earned a year earlier.
Olin said it expects chlor alkali shipment [...]
BioProgress plc, the speciality pharma and healthcare company, and Magenta Oral Dose Design, a business unit of FMC Corporation, are pleased to confirm the finalization of the restructuring agreements regarding the licensing of NRobe technology.
BioProgress and FMC have agreed to restructure their licensing partnership to more accurately reflect the intended market strategy for the NRobe [...]
A win for Air Products and a win for Surface Combustion, Inc. led to a big win for JMA Heat Treating (JMA) in its quest to enhance its production capabilities at its Houston, Texas heat treating facility. JMA was able to take advantage of the innovative joint marketing relationship between Air Products and Surface [...]
