Royal Gold Raises Common Stock Dividend 13% to $0.36 Per Share

Royal Gold, Inc., a leading precious metals royalty company, today announced that its Board of Directors increased the Company’s annual dividend for its shares of common stock from $0.32 to $0.36, payable on a quarterly basis of $0.09 per share. Royal Gold has steadily increased its annual dividend since it first issued a $0.05 annual payment for calendar year 2000. The Board also declared the dividend... 

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Apollo Successfully Completes Tender Offer for Shares of Parallel Petroleum Corporation

Parallel Petroleum Corporation (“Parallel”), PLLL Acquisition Co. and PLLL Holdings, LLC, entities formed for the purpose of acquiring Parallel Petroleum Corporation (NASDAQ: PLLL – News) and wholly owned subsidiaries of an affiliate of Apollo Global Management, LLC, today announced that the subsequent offering period of the tender offer for all of the outstanding shares of common stock of... 

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Zion Oil Commences Drilling Operations on Its Elijah #3 Well

Zion Oil & Gas, Inc. a Delaware corporation, explores for oil and gas in Israel in areas located on-shore between Haifa and Tel Aviv announced that drilling operations have begun on its Elijah #3 well. Utilizing the 2,000 horsepower drilling rig used to drill Zion’s Ma’anit-Rehoboth #2 well, Zion has commenced drilling its Elijah #3 well toward the Triassic geological formation, which... 

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Global Industries Awarded US$ 70 Million Project in Brazil

Global Industries, Ltd. announced that its Brazil Business Unit has signed a contract with Petroleo Brasileiro S.A. (Petrobras) for diving, ROV and construction services to be performed offshore Brazil, in the areas of Campos, Santos and Espirito Santo basins. The 180-day contract is valued at approximately US$ 70 million and has an option for an extension of up to six additional months. John Clerico,... 

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Yukon-Nevada Gold Corp. new CEO and COO

Yukon-Nevada Gold Corp., a North American gold producer in the business of discovering, developing and operating gold deposits announces that the Board of Directors has appointed Robert F. Baldock, CA(M), FCPA, FCMC to the position of President and CEO and Graham C. Dickson, B.Sc. A.R.C.S. to the position of COO. Mr. Baldock joined the Board of Directors of Yukon-Nevada Gold Corp. (“YNG”)... 

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Renet Health Announcing Gold Exploration Sector

Renet Health. Inc. announce that it is the process of changing business direction and is entering the field of gold exploration. A new board of directors and management team has been appointed. The group consists of renowned geologists and mining industry veterans from US and Canadian public companies. The company will be announcing the acquisition of significant mining claims in the US. These claims... 

Gray Creek Mining Inc. Acquired by Budget Waste Inc.

Gray Creek Mining Inc. announces that effective November 10, 2008, it has acquired from Budget Waste Inc., a Nevada corporation its wholly owned subsidiary, Budget Waste Inc., an Alberta corporation, which holds and controls 100% of BWI’s assets and business operations, for approximately 52% of the outstanding shares of common stock of Gray Creek in a share exchange transaction. The effect of... 

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Albanian Production Sharing Contract for Blocks 2 and 3 Approved

Manas Petroleum Corp., a Baar, Switzerland based company, today announces its wholly owned subsidiary, DWM Petroleum AG, has signed a Production Sharing Contract (PSC) for Blocks 2 and 3 in Albania. The blocks cover approximately 3,400 km2 (approximately 850,000 acres). The Albanian government was represented by Mr. Genc Ruli the Minister of Economy, Trade and Energy and Manas & DWM by Chairman... 

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Quest Resource Corp. Announces Joint Venture Agreement, Debt Repayment, and Affiliate Loan Amendments

Quest Resource Corporation announced the sale of a 50% interest in its operations in Wetzel County, West Virginia to a private entity for $6.1 million. Included in the sale were approximately 4,500 net undeveloped acres, three wells in various stages of completion (two horizontal wells and one vertical well) and existing pipelines and facilities. QRCP will act as operator and all future development... 

U.S. Energy Corp. Updates TSX Listing Strategy

U.S. Energy Corp. , a natural resources exploration and development company with interests in molybdenum, oil and gas, and real estate, today announced that in light of current economic conditions it intends to suspend finalizing its application for a listing on the Toronto Stock Exchange. “In light of the turbulent market conditions in the last quarter, we have chosen to suspend our efforts...