Crosstex Energy Acquires Eunice Natural Gas Liquids Processing Plant, Fractionation Facility for $42 Million
The Crosstex Energy companies, Crosstex Energy, L.P. and Crosstex Energy, Inc., announced that the Partnership has acquired the Eunice natural gas liquids (NGLs) processing plant and fractionation facility from Phillip Morris for approximately $42 million, which includes $18 million of assumed debt. Previously, Crosstex managed the plant and facility, which are located in south central Louisiana, under...
Fronteer Reports 87.5% Uranium Recovery From Aurora’s Pilot Plant Testing
Aurora Energy Resources, a wholly owned subsidiary of Fronteer Development Group Inc., announce that pilot plant leaching and resin-in-pulp (“RIP”) extraction tests on the Michelin and Jacques Lake uranium deposits in Labrador (the “Michelin Project”) provide strong support for the project’s viability and production potential. Highlights from the pilot plant and bench...
Simberi to Acquire Gold Properties in Guyana
Simberi Mining Corporation, a Canadian based international mineral development company that develops a portfolio of natural resource properties and companies announce that it has entered into a letter of intent with Lori Energy Inc., to enable Simberi to acquire up to a 100% interest in Prospecting Licence: PL/35SE/02/07 called the Kaburi Licence encompassing 6,431 hectares located in the Mazaruni...
EnerBrite Technologies Announces Stock Consolidation and Agreement to Acquire Rebel Oil
As a result of the Company’s inability to realize any significant success in attracting capital, the lack of a market for the trading of its shares and the resulting impact on management’s ability to advance its business plans, management has concluded that a significant amendment to its business plan is warranted. Therefore, the Company announces the signing of an agreement to acquire...
Lighthouse Petroleum, Inc. Announces a Strategic Reorganization
Lighthouse Petroleum, Inc., formerly Well Renewal, Inc., announce that effective October 15, 2008 the Company has undergone a strategic reorganization which has recently included a 1000:1 reverse split. Additionally, the company has changed their name to Lighthouse Petroleum, Inc. in order to better reflect the strategic vision that new management intends to execute upon. This reverse split was performed...
New Frontier Energy, Inc. Completes Testing Federal 12-1 Well at Focus Ranch Unit
New Frontier Energy, Inc., a natural resource company engaged in the exploration, acquisition and development of oil and gas properties in the United States, today announced that it has finished preliminary testing of the Federal 12-1 well at the Focus Ranch Unit. “We are pleased with the initial results for the Federal 12-1 well, and we are proceeding with requesting assignments of underlying...
Noront and Rosseau Resolve Proxy Contest and Agree on Composition of Noront Board
Noront Resources Ltd. and Rosseau Asset Management Ltd. announce that they have agreed to a jointly determined single slate of directors for election at Noront’s annual and special meeting of shareholders to be held on October 28, 2008 (the “Meeting”). The new Board will have a strong mandate to move the Company forward in the best interests of all shareholders. Pursuant to the terms...
North American Gem Inc. Receives 69 Coal Prospecting Permits North of Hudson Bay, Saskatchewan
North American Gem Inc. announce that 69 Coal Prospecting Permits have been issued to the Company in Saskatchewan, near the most recent coal discovery by Goldsource Mines Inc.. The Coal Prospecting permits cover 134,600 acres (52,992 hectares) and comprise the first set of Coal Disposition Applications that were filed by North American Gem that received first priority status from Saskatchewan Energy...
Bayswater Commences Drilling Program on Newly Discovered Minisinakwa Lake High-Grade Uranium Showing, Central Mineral Belt of Labrador
Bayswater Uranium Corporation report on a high-grade uranium showing discovered in the Lake Minisinakwa area of the Central Mineral Belt of Labrador. Prospecting has uncovered a series of angular, frost heaved uraniferous boulders that are believed to be near source. The boulders occur along a linear topographic feature which coincides with a magnetic high anomaly, over a minimum strike length of 1.7...
KAL Energy Inc. Opens Office in Jakarta and Completes Restructuring
KAL Energy, Inc., a thermal coal exploration and development company, announced the opening of its Jakarta office and the completion of its extensive company restructuring. William Bloking, executive chairman and president of KAL Energy, Inc. said, “I am pleased to report that, in line with last quarter’s announcement, the move to Jakarta was completed on time and on budget. We believe...
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Philex Gold Receives Interim Order for Transaction With Philex Mining Corporation
Philex Gold Inc. announced that it has obtained an interim order from the Ontario Superior...
American Mining Corporation Signs LOI to Form Production Joint Venture on Terra Gold Project, Alaska
American Mining Corporation announce that it has signed a binding letter of intent to enter...
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