BPZ Energy Announces Increases in Oil Reserves at the Corvina Field

BPZ Resources, Inc. announced that independent estimates by Netherland Sewell and Associates, Inc. (NSAI) as of December 31, 2008, for gross Proved (1P), Proved + Probable (2P) and Proved + Probable + Possible (3P) oil reserves from the Company’s Block Z-1 Corvina offshore field located in northwest Peru have increased 41%, 78% and 35%, respectively, as compared with the oil reserves reported by... 

Constellation Copper files an assignment in bankruptcy under the Bankruptcy and Insolvency Act

Constellation Copper Corporation announced that it has filed an assignment in bankruptcy under the Bankruptcy and Insolvency Act (Canada). The Lisbon Valley mine was originally financed with a $30.0 million collateralized loan package from Investec Bank (UK) Limited and a $3.0 million subordinated loan from Sempra Metals & Concentrates Corp.. The Investec financing facility was amended in February... 

Tag: mining companies in canada bankruptcy, constellation copper debentures, terrazas constellation copper chihuahua, constellation copper canada, bankruptcy lisbon valley

George Forrest International Afrique S.P.R.L. to Acquire Forsys Metals Corp in Cash Transaction Valued at Approximately CAD$579 Million

Forsys Metals Corp and George Forrest International Afrique S.P.R.L. announce that they have entered into a definitive agreement pursuant to which GFI will effectively acquire, by way of a court-approved plan of arrangement, all of the outstanding common shares of Forsys on the basis of CAD$7.00 per share in cash for each common share of Forsys, plus the “in the money” amount of any outstanding... 

Tag: george forrest international, forrest international

Pride International, Inc. Announces Management Appointment to Mat-Supported Jackup Business

Pride International, Inc. announced that Steven A. Manz has been appointed to the position of Vice President and Chief Financial Officer of Pride’s mat-supported jackup rig business and will join the company immediately. The decision follows the appointment in September 2008 of Randall D. Stilley to the role of Chief Executive Officer of the business. Mr. Manz was most recently a Director of... 

Curtis Represents KMG in Agreements Concerning Future Development of Kashagan Field, World’s Largest Oil Discovery in 30 Years

Curtis, Mallet-Prevost, Colt & Mosle LLP represented KazMunayGas (KMG), the national oil company of Kazakhstan, in its successful negotiations with the North Caspian Sea consortium on the detailed agreements for the future development of the Kashagan field. The Kashagan field is reported to be the world’s largest oil discovery in at least three decades. The North Caspian Sea consortium consists... 

Tag: curtis mallet kaz, curtis kazakhastan, kmg kashagan b v, kmg equity in kashagan, kashagan geophysical

Kalimantan Gold Appoints Experienced Coal Manager

Kalimantan Gold Corporation Limited announce the appointment of Arif Hadian as Manager of its Coal Division. Arif Hadian, who is a geologist, has worked in the East Kalimantan region for a number of years and has extensive experience in the coal sector, working for large international companies such as BHP Billiton, Essar and Sumitomo Corporation. His experience ranges from sourcing new coal areas... 

BPZ Energy Announces Senior Debt Funding of $15 Million from IFC

BPZ Resources, Inc. announced it has received funding of the $15 million tranche of senior debt with the International Finance Corporation (IFC). The IFC $15 million facility is the first tranche of two credit facilities totaling $215 million. As previously announced, Natixis, a French bank, has received credit committee approval to lead the second tranche of the senior debt consisting of a $200 million... 

BPZ Energy Announces Senior Debt Funding of $15 Million from IFC

BPZ Resources, Inc. announced it has received funding of the $15 million tranche of senior debt with the International Finance Corporation (IFC). The IFC $15 million facility is the first tranche of two credit facilities totaling $215 million. As previously announced, Natixis, a French bank, has received credit committee approval to lead the second tranche of the senior debt consisting of a $200 million... 

Tag: corvina oil field

Diadem Engages International Fund for $6 Million Financing

Diadem Resources Ltd. announce that it has entered into an agreement to retain Wakabayashi Fund LLC of Tokyo, Japan to assist Diadem in structuring and arranging one or more financings over a six month period. This will provide the Company with funding for general corporate purposes and to carry out a drilling program at its Franklin Diamond Project located on the Parry Peninsula in the Canadian Arctic.... 

Tag: wakabayashi fund llc, wakabayashi fund

Silver/Precious Metals: A Sleeping Giant, Poised to Run

For private investors large and small, as well as institutions, precious metals are, and continue to be the safe haven for investors in turbulent financial and uncertain national and geo-political times. “Nationally and globally speaking, the markets have never been more ripe or primed for investors seeking a safe place for their money that supports a historical track record of steady and significant...