Southwest Resources Announces Closing of Transaction With Duke Mining Company
Southwest Resources, Inc. announced that the Company has completed its purchase of the assets of Duke Mining Company Inc., (“Duke”) for the assumption of $823,706 of Duke’s outstanding debt and obligations. The assets purchased include the lease arrangement for the 640 acre mining claim in Utah and the respective equipment, fixtures and furniture associated with the claim. Southwest...
Global Industries Awarded US$ 70 Million Project in Brazil
Global Industries, Ltd. announced that its Brazil Business Unit has signed a contract with Petroleo Brasileiro S.A. (Petrobras) for diving, ROV and construction services to be performed offshore Brazil, in the areas of Campos, Santos and Espirito Santo basins. The 180-day contract is valued at approximately US$ 70 million and has an option for an extension of up to six additional months. John Clerico,...
La Cortez Energy Update of the Drilling Operations for the Mirto-1 Well in the Maranta Block in the Putumayo Basin in Colombia
La Cortez Energy, Inc. announce the following operational update: Emerald Energy Plc. , the operator of the Maranta Block where La Cortez will hold a 20% working interest, reached the intended total depth of 11,578 ft on the Mirto-1 exploration well, with oil and gas shows recorded across the four target reservoirs. Three of the four potentially hydrocarbon bearing intervals have been flow tested with...
Cobra Oil & Gas Announces Technical Update On Utah Oil Sands Project
Cobra Oil & Gas Company announce that the company has been granted a non-exclusive license to utilize the In-situ Combustion (ISC) for use on the Utah Oil Sands Project. Subject to the terms and conditions of the agreement, Enercor Inc. (Enercor), hereby grants Cobra a non-exclusive, non transferable license to use ISC for the purpose of extracting oil from heavy deposits in which Cobra has a...
Energtek Anticipates Increase of NatGas Activities in India
Energtek Inc., a world leader in the development of Adsorbed Natural Gas (ANG) technology, announced that additional Natural Gas (NG) production capacity, plus rebounding oil prices will increase the likelihood of significant revenues for the company’s subsidiary in India. Energtek announced earlier this month, that the company’s subsidiary Moregastech India Private Limited expects to report...
Imperial Oil approves Kearl oil sands project
Imperial Oil Limited announced its board of directors has approved the first phase of the Kearl oil sands project, a surface mining operation northeast of Fort McMurray, Alberta. The Kearl project is envisioned to be developed in three phases and could ultimately produce more than 300,000 barrels a day of bitumen. The first phase of the project, expected to begin production in late 2012 with total...
American Petro-Hunter Views Recent Gains in Oil Prices as Trend Indicator
American Petro-Hunter, Inc. views the recent price increases of crude oil as extremely positive news for both the economy and the Company. Last week, oil prices jumped to almost $58 a barrel thereby extending gains to near six-month highs on investor expectations that the global economic environment is beginning to grow and may begin to rebound before the end of the year. Oil has broken above the...
Addax Petroleum receives notification for international exports from the Kurdistan Region of Iraq
Addax Petroleum Corporation, an international oil and gas exploration and production company today announced that it has received formal notification from the Kurdistan Regional Government of its decision to commence the export of crude oil. The notification requests that Addax Petroleum and Genel Energy International Ltd prepare to truck oil from the Taq Taq field to the Khurmala export station on...
Miller Energy Resources Acquiring 30,000 Acres, 180 Wells
Miller Energy Resources, LLC announced that it has signed a letter of intent to acquire privately-owned Ky-Tenn Oil, Inc. which owns and operates some 180 oil and gas wells on 30,000 acres of Tennessee oil and gas leases. “This is the first of several acquisitions we are considering,” said Scott Boruff, Miller CEO. “The Ky-Tenn Oil, Inc. (KTO) oil and gas operations are located in...
Texada Ventures Inc. Term Sheet with Royalty Exploration LLC
Texada Ventures Inc. announce that on March 9, 2009 it entered into an Amended Term Sheet with Royalty Exploration LLC whereby Texada will acquire 100% of REX’s issued and outstanding shares. In conjunction with the transaction, the Company has commenced a concurrent private placement financing of up to $40 million. REX leverages patented cutting edge technology coupled with traditional exploration...
Latest Mining News
Philex Gold Receives Interim Order for Transaction With Philex Mining Corporation
Philex Gold Inc. announced that it has obtained an interim order from the Ontario Superior...
American Mining Corporation Signs LOI to Form Production Joint Venture on Terra Gold Project, Alaska
American Mining Corporation announce that it has signed a binding letter of intent to enter...
Subscribe to Mining Top News Newsletter
Sign up to receive daily email updates of Mining Top News headlines. Enter your email address below:
Mining Top News - Exploration and Mining Industry News
