Kosmos Energy’s Mahogany Deep-2 Well Offshore Ghana Successfully Appraises Greater Jubilee Area

Kosmos Energy announces today that the company’s Mahogany Deep-2 well on the West Cape Three Points Block offshore the Republic of Ghana has encountered light oil in three stratigraphic intervals and successfully appraised the greater Jubilee area. The Mahogany Deep-2 well was drilled about 3 kilometers (2 miles) west of the Mahogany-3 well, Kosmos’ Mahogany Deep discovery well, to appraise the... 

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Alto Group Holdings Inc. Amends Letter of Intent on Ashanti Gold Project

Alto Group Holdings, Inc., has announced that the Company has amended the previously announced Letter of Intent (L.O.I.) in regards to certain mining rights in Ghana, West Africa. Alto plans to form a joint venture with the mineral rights owners, Castle Peak Mining Ltd. and will formulate a definitive Joint Venture Agreement by the end of 2009. Under the terms of the amended L.O.I. the Company shall... 

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Report Shows Long Term Benefits of Gold Mining to Developing Economies

Large-scale gold production has been found to be a major factor in bolstering the economies of developing countries, according to a key report issued today by the World Gold Council (WGC) in partnership with the International Council on Mining & Metals (ICMM) and Oxford Policy Management. The new report, ‘The Golden Building Block: gold mining and the transformation of developing economies’,... 

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Sunergy Reports Update on Operations on Its 150 sq. km. Ghana Mining Concession

Sunergy, Inc reports the following update on the planning and preparation for operations on our 150 sq. km. Nyinahin mining concession, located in Ghana, West Africa. During Q’4 2009 we plan to test and evaluate the alluvial gold recovery potential along the Ofin River which runs through the eastern portion of the concession for about 45 km. We plan to do this by bulk sampling the numerous existing... 

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Golden Star Announces Agreement for Revolving Loan Facility

Golden Star Resources Ltd. announced it has signed an agreement for a revolving credit facility with Standard Chartered Bank. All currency in this news release is expressed in U.S. dollars, unless otherwise noted. The Facility calls for a fully committed revolving credit line of $30 million, consisting of $15 million of available credit immediately upon signing, and an additional $15 million at the... 

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Gold Star Resources Latest Onshore Opportunity in West Africa

Gold Star Resources Corp. having signed a letter of intent (LoI) with Bengal Bight Ghana to acquire 100% of the hydrocarbon rights to the Tiampoum mining concession, approximately 1,000 square km, in Cote d’Ivoire, which was announced by the company on March 9. In January GXX entered West Africa when it bought a company with a Liberian license. Patrick Morris, GXX’s President and CEO,... 

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Hidalgo Mining International New Production Plan in Ghana

Hidalgo Mining International, an innovative mining company headquartered in Port Washington, N.Y., announced today to shareholders its new production plan in Ghana, West Africa. Mark Daniel Klok, President of HMIT, stated, “Due to the recent coup and instability in Guinea, management has implemented an alternative production plan to protect its shareholders from further political risk, an unstable... 

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Lake Victoria Mining Company Begins Drilling at Geita Gold Project, Tanzania

Lake Victoria Mining Company has commenced the initial drill program on its 43 square kilometer Geita gold property in northern Tanzania and the first assay results will come out in the next 3 weeks. Stanley Mining Service (T) Ltd has been contracted to drill approximately 6000 meters of Reverse Circulation (RC) drill holes. The program is scheduled to last for two months and consists of 35 or more... 

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Kosmos Energys Hyedua-2 Appraisal Well Flows 16,750 Barrels of Oil Per Day

Kosmos Energy announces that the Hyedua-2 appraisal well offshore the Republic of Ghana on the Deepwater Tano Block in the Jubilee Field flowed at a maximum stable flow rate of 16,750 barrels of oil per day (bopd) of 37-degree API gravity crude and approximately 21 million cubic feet per day of associated natural gas during a successful drillstem test. The well confirms a significant extension of the... 

Anadarko Announces Ghana Test Well Flows Nearly 17,000 Barrels of Oil Per Day

Anadarko Petroleum Corporation announced a successful drillstem test (DST) at the Hyedua-2 appraisal well in the deepwater Jubilee field offshore Ghana. The well, located in approximately 4,090 feet of water on the Deepwater Tano License, flowed at a stable rate of 16,750 barrels of 37-degree API gravity crude oil and approximately 21 million cubic feet per day of associated natural gas from a single... 

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