Delta Uranium Confirms the Termination of Business Combination and Commences Legal Action Against Carlisle Goldfields

Delta Uranium Inc. confirm the termination of the proposed business combination previously announced in the Company’s press release dated February 27, 2009. Pursuant to the Transaction, Carlisle Goldfields Limited (“Carlisle”) was to acquire all of the issued and outstanding shares of Delta Precious Metals, a wholly-owned subsidiary of Delta (“Subco”). Complete details... 

Osum Oil Sands Corp Announces $275 Million Financing

Osum Oil Sands Corp, a privately-held company focused on bitumen extraction, today announced that it has closed a private equity financing for a total of CDN$275 million at a price of CDN$10.50 per share. The financing was led by Warburg Pincus LLC and included a substantial investment by Blackstone Capital Partners V LP. Osum is currently the only junior player with a material position in the thermal... 

Tag: osum oil sands corp, top oil financing, david krieger warburg, oil sand financings, osum oil sands stock

Fortress Financial Group, Inc. – Potential Sale of Hunt Gold Corporation Stock

Fortress Financial Group, Inc. confirms that it is in advanced discussions to dispose of its 483,000,000 “free trading” shares of Hunt Gold Corporation Common Stock, with the Private Equity Group currently bidding for control of Hunt Gold Corporation with another unrelated party. Should the Company obtain a price of US$0.03 per share for these shares, that being the current bid price for... 

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EnerCom, Inc. Announces Presenting Companies for The Oil & Gas Conference(R) August 10-14, 2008

EnerCom, Inc., announced today the lineup and schedule for The Oil & Gas Conference®, http://www.theoilandgasconference.com. In its 13th year, the Conference, held in Denver Aug. 10-14, is the oldest and largest energy investment conference hosted in Denver, showcasing more than 70 companies with a combined enterprise value of more than $500 billion. This premier forum offers institutional investors,... 

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Halliburton May Bid on Expro This Week

Oilfield services company Halliburton Inc. is expected to decide this week if it will launch a $3.5 billion counteroffer for its U.K. rival Expro International Group PLC, according to the Daily Telegraph. Halliburton has been conducting due diligence on the company since Expro agreed to accept a $28-per-share takeover offer from a consortium made up of private equity firms Candover, Alpinvest and Goldman... 

Oil and Gas Execs Say Focus on Renewable Energy Sources Key to Addressing Declining Oil Reserves, KPMG Survey Finds

Oil and Gas Executives say government involvement in supporting the development of renewable energy sources is necessary to alleviate the problem of declining oil reserves, according to the results of a survey conducted by KPMG LLP, the audit, tax and advisory firm. In the KPMG survey, which polled 553 financial executives from oil and gas companies in April 2007, twenty-five percent of the respondents... 

Tata to buy Indonesian coal companies

India’s private major Tata Power says it has plans to buy stakes in two Indonesian coal firms owned by Pt Bumi Resources. The company said it will invest $1.1 billion to buy 30 percent in each of the two companies. The company will set up an offshore special-purpose vehicle for the acquisition. “We have not yet finalized financial strategy for the equity purchase,” said Prasad R.... 

Midwest Has ‘Coal Rush,’ Seeing No Alternative

COUNCIL BLUFFS, Iowa – From the top of a new coal-fired power plant with its 550-foot exhaust stack poking up from the flat western Iowa landscape, MidAmerican Energy Holdings chief executive David L. Sokol peered down at a train looping around a sizable mound of coal. At this bend in the Missouri River, with Omaha visible in the distance, the new MidAmerican plant is the leading edge of what... 

TXU’s Central Texas coal plant gets OK

TXU Corp. received permission Wednesday to move forward with plans to construct a coal-fired power plant in Central Texas. The plant is one of three that the company’s prospective new owners still plan to build. A federal judge in Austin approved a settlement Wednesday among TXU, the Justice Department and Alcoa Inc. that allows TXU to build the Sandow power plant in Milam County, about 50 miles... 

Tag: pictures of the deepest coal mine the world

Prize Petroleum Eyes IPO Route

Prize Petroleum Company Ltd, which was in the process of inducting a private equity firm as a partner, is now examining the prospects of coming out with an initial public offering, the Chief Executive Officer, M.N. Prasad, said. As the process of induction of equity partner has got delayed and certain issues to be sorted out, the company opted to go in for an IPO.  Read More →