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Random News from Mining Top News

Conquest Raised $500,000 in Private Placement Financing

Conquest Raised $500,000 in Private Placement Financing

Conquest Resources Limited reports that it has received conditional approval from the TSX …  entitle the holder to purchase one common share of Conquest at an exercise price of $0.10 per share for five years. Pursuant to the …  closed in escrow on December 31, 2008, pending disinterested shareholder approval of the creation of a new Control Person. John F. …

January 8th, 2009

Rocmec Closes Financings Totalling $350,000

Rocmec Closes Financings Totalling $350,000

…  a non-brokered private placement with accredited investors of 3,300,000 units, at a price of $0.10 per unit, for gross proceeds of …  a non-brokered private placement with accredited investors of 200,000 flow-through shares, at a price of $0.10 per flow-through …

January 8th, 2009

Marathon Announces Natural Gas Discovery in New Area of Oklahoma

Marathon Announces Natural Gas Discovery in New Area of Oklahoma

…  announced that it has participated in a successful step-out discovery well on the Brickyard prospect, located in the northeast area of the Anadarko Basin, targeting the Woodford Shale resource play in …

January 7th, 2009

Clayton Williams Energy Provides Operations Update on Bossier Drilling

Clayton Williams Energy Provides Operations Update on Bossier Drilling

…  Williams Energy, Inc. provided an update on the drilling status of two Bossier wells. The Company reported that it is abandoning the Claudia’s Education Trust 33-1, a 17,000-foot exploratory well on its Winnsboro prospect in Richland …

January 7th, 2009

Cavitation Technologies, Inc. Filed a Patent for Rapid Modification of Crude Oil

Cavitation Technologies, Inc. Filed a Patent for Rapid Modification of Crude Oil

…  processes. By applying this concept to oil refining industry the company was able to increase the efficiency of refining crude …  diesel, jet fuel and other valuable hydrocarbon-based products. The company has developed a unique concept and created the efficient …

January 7th, 2009

PetroHunter Energy Corporation Closes Sale of Interest in Producing Properties

PetroHunter Energy Corporation Closes Sale of Interest in Producing Properties

…  announced it closed the sale of its 50% working interest in eight producing oil and gas wells to Robert L. Bayless, Producer LLC …  are operated by EnCana Oil & Gas (USA), Inc. PetroHunter stated that the sale of these non-operated properties is consistent with the …

January 7th, 2009

Providence Drills Well on Its Val Verde Prospect

Providence Drills Well on Its Val Verde Prospect

…  logs of a well (E.P. Royalty Corp.) located about 1 mile west of Providence’s leases as well as a dry hole known as the “Conoco Wilma …  intends to evaluate secondary shallower targets in the Strawn and Pennsylvanian Wolfcamp/Canyon Sands. The Carson 10-1 well is part …

January 7th, 2009

Gulf Resources Agrees to Acquire Bromine and Crude Salt Manufacturing Assets

Gulf Resources Agrees to Acquire Bromine and Crude Salt Manufacturing Assets

…  manufacturer of bromine, crude salt and specialty chemical products in the People’s Republic of China, today announced that one of its …  closing of the acquisition, the Company expects to start production utilizing the newly purchased assets in April …  to the Sellers, and the issuance of shares of common stock equal to $1.5 million, which shares will be delivered to the Sellers …

January 7th, 2009

Crosshair & Target Agree to Combine to Create a Solid North American Uranium Asset Base

Crosshair & Target Agree to Combine to Create a Solid North American Uranium Asset Base

…  to combine their businesses to create a well-funded, low-cost, growth-oriented, uranium exploration and development company with a defined timeline to production in one of the most mining friendly jurisdictions in North America. The two companies have …

January 7th, 2009

Revett Receives Approval of Rock Creek Environmental Assessment

Revett Receives Approval of Rock Creek Environmental Assessment

…  County Montana, has been approved as final with several stipulations. This completes all permitting sought by Revett for the Project. Subject to posting of the reclamation bond, implementation of the stipulations and …

January 7th, 2009