Gentor Resources Inc. closes acquisition of APM Mining Limited

GENTOR RESOURCES, INC. announce the acquisition of APM Mining Limited pursuant to the closing under the Share Exchange Agreement dated February 23, 2010 between the Company, APM Mining and Arabian Peninsula Projects Ltd. As a result of the acquisition, the Company, through its wholly owned subsidiary, APM Mining, holds the earn-in rights to the Block 5 and Block 6 copper exploration projects located... 

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Terra Energy & Resource Technologies Completes an Exploration Services Project

Terra Energy & Resource Technologies, Inc., a natural resource exploration technology company, has completed an exploration services project for oil and gas in Nevada under a contract with Golden Eagle Alliance, LLC, a Colorado limited liability company. The contract entailed the application of STeP®, Terra’s proprietary remote sensing exploration technology, with the objective being to... 

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B.C. Provincial Government halts mineral exploration in Flathead Valley

Max Resource Corp. has learned that the Government of British Columbia intends to halt all ongoing mineral exploration work and prohibit any future mine development in the Flathead Valley in Southeastern B.C. In his Throne Speech of February 9, 2010, which outlines the B.C. Government’s legislative agenda for the upcoming session, BC Lieutenant-Governor Steven L. Point announced that the Province... 

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Terra Announces Acquisition of Alberta Oil Assets

Terra Ventures Inc. announces that its newly incorporated and wholly-owned Calgary based subsidiary, Terrex Energy Inc. (“Terrex”), has entered into a purchase and sale agreement to acquire a 100% interest in a basal quartz oil pool in central Alberta from a private oil and gas company, for a purchase price of $650,000. The pool is currently producing approximately 80 barrels of oil equivalent... 

Riverstone Completes Acquisition of Seajacks International

Riverstone Holdings LLC’s most recent renewable energy fund has successfully completed its previously announced acquisition of Seajacks International, for a total cash consideration of US$207 million. Seajacks is now wholly-owned by Riverstone and the management team. Seajacks currently owns and operates two self-propelled jack up vessels out of Great Yarmouth in the United Kingdom: the Seajacks... 

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Chesapeake Energy Corporation Announces $2.25 Billion Barnett Shale Joint Venture with Total E&P USA, Inc.

Chesapeake Energy Corporation announced the execution of an agreement for a $2.25 billion joint venture with Total E&P USA, Inc., a wholly-owned subsidiary of Total S.A. (NYSE:TOT, FP:FP) (“Total”), whereby Total will acquire a 25% interest in Chesapeake’s upstream Barnett Shale assets. Total will pay $800 million in cash at closing and will pay an additional $1.45 billion by funding 60%... 

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Tethys Petroleum Limited: Tajikistan Joint Venture Finalised

Tethys Petroleum Limited announced that the joint venture relating to its Tajik projects previously announced in December 2007 has now been completed and that its interests in Tajikistan have therefore been transferred to its joint venture company Seven Stars Energy Corporation (“SSEC”). The completion of this deal had been waiting on the resolution of certain commercial and business issues... 

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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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Merrex Receives IAMGOLD Approval for Siribaya 2010 Exploration Program

Gregory Isenor, P.Geo., President and CEO of Merrex Gold Inc. announces that IAMGOLD has confirmed its approval of the 2010 exploration plan and forecast a C$2.5 million expenditure for Merrex’s Siribaya Gold Project. “Further to our news release of December 1, 2009 we are pleased to report that IAMGOLD has confirmed that it is ready to proceed with the proposed exploration program for... 

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North Atlantic to Commence Trading on TSX Venture Exchange

North Atlantic Resources Ltd. announces that, further to its news release of December 1, 2009 the common shares of the Company will commence trading on the TSX Venture Exchange effective at the opening of trading on Friday, December 18, 2009. The Company is classified as a Tier 2 Mineral Exploration/Development Company on the TSX Venture Exchange. The common shares of the Company will cease trading... 

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