InterOil Closes U.S.$70.4 Million Registered Direct Common Stock Offering

InterOil Corporation announced it has closed its previously announced 2,013,815 share common stock “registered direct” offering. InterOil has received gross proceeds of U.S.$70,443,249 before deducting offering expenses. Phil Mulacek, Chief Executive Officer of InterOil, commenting on the transaction said, “The opportunity presented by the Elk/Antelope discovery and surrounding prospects... 

A$17.8 Million Recommended Takeover Offer by Paladin Energy Ltd for Fusion Resources Limited

Paladin Energy Ltd and Fusion Resources Limited announce that Paladin intends to make an off-market scrip takeover offer for Australian and Toronto Stock Exchange listed minerals exploration company Fusion. This announcement was made after close of trading on the ASX. The consideration under the Offer will comprise 1 fully paid ordinary Paladin share for every 6 fully paid ordinary Fusion shares,... 

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Beacon Redevelopment Industrial Corporation Enters Negotiations with Dominion Resources

Beacon Redevelopment Industrial Corporation announced that it entered into negotiations with Dominion Resources, Inc. pertaining to their use, since 1986, of the Westmoreland Glass Factory as a natural gas storage facility and gas well. In 1954, the former owners of the glass factory in Grapeville, Pennsylvania, signed agreements allowing the predecessor of Dominion Resources to use the property as... 

Repsol Now Applying Advanced Seismic Imaging Technology to Energy Exploration in Gulf of Mexico and Brazil

Repsol YPF, an international integrated oil and gas company operating in over 30 countries, today announced that the company’s advanced seismic imaging project — Kaleidoscope — has begun exploration operations in the Gulf of Mexico and Brazil. Kaleidoscope is powered by reverse-time migration (RTM), a sophisticated subsurface imaging tool whose potential is accepted by the oil industry,... 

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PTLC Acquires Mineral Rights

Petroleum Communication Holdings, Inc.(PTLC), Formerly “AIT Wireless, Inc.” , announced it had completed a non-cash stock transaction to acquire the mineral rights in a substantial track of mineral rich property in Pinal County, Arizona. The property has high concentrations of Magnetite, an ore in great demand in the manufacturing sector, in addition to a marketable quantity of gold ore... 

Asian Mineral Resources Limited-Revised Corporate Strategy

Asian Mineral Resources Limited announced that it has adopted a corporate and operating strategy whereby: - Most of the activity being undertaken at the Company’s Ban Phuc Nickel Project, with the objective of a spring 2009 start-up, will be suspended. - The Project (including a recently completed vertical ore pass) will be placed on a care and maintenance basis. - Expenditures will be reduced... 

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Apex Geoscience to Begin Exploration Work on Three Buttes

Delta Mining and Exploration announce that it has finalized exploration plans with Apex Geoscience. Apex will be sending a team to collect samples for microdiamond analysis to Three Buttes on November 17, 2008. The collection of the sample should take no more then a few days, after which the sample will undergo caustic fusion. Results should be known relatively soon thereafter. Delta expects to have... 

Continental Nickel Expands High Grade Nickel-Copper Zones at the Nachingwea Project, Tanzania

Continental Nickel Limited announce additional assay results from the second season of drilling on its 70% owned Nachingwea nickel sulphide project in Tanzania. The Nachingwea project is a 70:30 Joint Venture with IMX Resources NL (“IMX”) of Australia. Continental Nickel is conducting a C$7.0 million exploration program at Nachingwea in 2008 and is well funded with over C$16 million in... 

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Delta Mining and Exploration to Begin Microdiamond Analysis of Three Buttes Kimberlite

After consideration and discussion with its geological consultants, Apex Geoscience, Chief Executive Officer Brett Rodli and the Board of Directors of Delta Mining and Exploration have agreed to move forward with the exploration of the Three Buttes kimberlite. Three Buttes has been deemed a bonafide kimberlite, therefore Apex recommends a microdiamond analysis of the Three Buttes property. Delta has... 

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IPS Lands Barcelona Regasification Contract

Invensys Process Systems (IPS), a global technology, software and consulting firm, announced that it has won a major contract to upgrade control and automation systems at a liquefied natural gas (LNG) terminal and regasification plant near Barcelona, Spain. The site, at Barcelona Terminal, is one of three such facilities run by Enagas, Spain’s leading natural gas transportation, regasification... 

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