Gentor Resources Inc. closes acquisition of APM Mining Limited

GENTOR RESOURCES, INC. announce the acquisition of APM Mining Limited pursuant to the closing under the Share Exchange Agreement dated February 23, 2010 between the Company, APM Mining and Arabian Peninsula Projects Ltd. As a result of the acquisition, the Company, through its wholly owned subsidiary, APM Mining, holds the earn-in rights to the Block 5 and Block 6 copper exploration projects located... 

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North Bay Resources Goes Green With Vanadium Acquisition

North Bay Resources Inc. announce that it has acquired the Pine River Vanadium deposit in northeastern British Columbia. Vanadium is a strategic metal that is irreplaceable in a number of applications, including alternative energy storage, where its environmentally friendly attributes have led many to now refer to it as the “green” metal. Pine River Vanadium covers 1,810 acres and is located... 

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U.S. Energy Corp. to Drill Third Prospect With Houston Energy L.P.

U.S. Energy Corp., a natural resources exploration and development company with interests in molybdenum, oil and gas, geothermal, and real estate assets, today announced that it has entered into a third Participation Agreement with Houston, Texas-based Houston Energy L.P. to acquire a 25% working interest in an oil prospect located in southeast Louisiana. Houston Energy has estimated that the prospect... 

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Harvest Natural Resources Commences Drilling Operations Antelope Project in Utah

Harvest Natural Resources, Inc. announced commencement of drilling operations on the Bar F No. 1-20-3-2 well on Harvest’s Antelope project located in the Uinta Basin of northeastern Utah. Mobilization of Unit Drilling Corporation Rig # 109 to the drilling location commenced in early June and the well is expected to spud approximately June 15. The permitted depth of this exploration well is 18,000... 

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Vantex Acquires One Exploration Permit for Oil and Natural Gas in the Moose River Basin

The management of Vantex resources Ltd has obtained one exploration permit for oil and natural gas in the Quebec portion of the Moose River Basin, located in the James Bay Lowlands. The permit covers an area of 25,000 hectares. The Salomon Lake oil seep, found within the exploration permit, is characterized by a milky white to greenish film on the surface of numerous ponds south of Salomon Lake (Salomon... 

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Volga Resources Raises Stake in Novatek to 18.2%

Volga Resources SICAV-SIF S.A, the Luxembourg-based investment fund, announces that it has agreed to purchase 13.13% of the issued share capital of OAO Novatek from Cartagena Development Inc. which is indirectly controlled by Novatek’s management. This transaction will take Volga’s total holding in Novatek to 18.2%. The founder and largest shareholder of Volga, Guennadi Timtchenko was... 

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U.S. Energy Enters Into Additional Oil and Gas Participation Agreement With Houston Energy L.P.

U.S. Energy Corp., a natural resources exploration and development company with interests in molybdenum, oil and gas, geothermal, and real estate assets, today announced that it has entered into an additional Participation Agreement with Houston, Texas-based Houston Energy L.P. (HE) to acquire a 11.11% working interest in an oil and gas prospect located in Southeast Texas. HE, a privately held independent... 

ECCO Energy Signs Letter of Intent With Samurai Corp to Acquire 40 Producing Wells in Ohio

On December 31, 2008, ECCO Energy Corp. signed a letter of intent to purchase properties from Samurai Corp, Inc., including the working interests in the properties previously owned by Lake Fork Resources, LLC in Ohio and the M-J Oil Company, also in Ohio. These acquisitions include 40 producing wells and multiple development drilling opportunities, as well as opportunities to increase production from... 

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Gasco Energy Extends Credit Facility; Provides Update on Gate Canyon Test

Gasco Energy, Inc. announced an amendment to its Credit Agreement and provided an interim operations update on its Riverbend Project in Utah’s Uinta Basin. On December 10, 2008, the Company closed on an amendment to its Credit Agreement led by JPMorgan pursuant to which the maturity date of the facility was extended one year to March 29, 2011. The interest rate pricing grid was increased 0.25%... 

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Gran Tierra Energy Announces Costayaco-6 Encounters Deeper Oil Column in Costayaco Field, Colombia

Gran Tierra Energy Inc., a company focused on oil exploration and production in South America, announced that it had completed drilling Costayaco-6, a new well in the Costayaco Field in the Chaza Block, in the Putumayo Basin of southern Colombia, encountering oil deeper in the primary reservoir zone than previous wells in the field. Gran Tierra Energy has also completed drilling Zafiro-1, an exploratory... 

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