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...
Rooster Petroleum, LLC, is pleased to announce the commencement of drilling of the Rooster #A-3 Well. It is the first well to be drilled by the Company on Eugene Island Block 28. The planned total vertical depth of the well is 12,500 ft and is expected to take 30-40 days to drill and complete. The current infrastructure currently located on Block 28 should allow for all production to be available for...
Contango Oil & Gas Company announced today that its production test at Eloise #1 has been successfully completed. The well tested at a rate of approximately 8.3 million cubic feet equivalent per day. The net revenue interest in Eloise #1, net to Contango, is approximately 27.0%. Contango’s independent third party engineer estimates this well to have proved reserves net to Contango of approximately...