Saxon Oil Receives New Field Designation in New Mexico

Saxon Oil Company Ltd. has received a new field designation from New Mexico regulatory authorities for its Eumont State No. 1 oil discovery in Lea County, New Mexico. New Mexico designated the Eumont well as the discovery well in the Urssey Tank: Yates-Seven Rivers Pool. Special pool rules are in effect from the date of first production in May 2008, which set allowable production at 350 barrels of... 

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Galloway Signs Agreement With Swiss Corp. to Review Oil and Gas Projects

Galloway Energy Inc. announces that the Company has signed an engagement agreement with Dominus Energy AG, a Swiss Corporation whereby Dominus will assist Galloway in the introduction of the Company to worldwide opportunities in the oil and gas sector and energy market. Dominus owns private interests in various oil and natural gas plays worldwide. It is the intention of Galloway to review certain projects... 

Hebron Agreement Signals New Era in Province’s History

Marking a new era of partnership in oil development in the province, the Honourable Danny Williams, Premier of Newfoundland and Labrador, and the province’s oil industry co-venturers today announced and signed the final deal for the development of the province’s fourth offshore oil project, Hebron. The Premier was joined by: the Honourable Kathy Dunderdale, Minister of Natural Resources;... 

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WW Energy Announces Letter of Intent to Purchase Producing Oil and Gas Assets in Montana Including Oil Sands and Pipeline

WW Energy Inc. is pleased to announce that it has entered into a letter of intent to acquire forty-one percent of a private company’s natural gas and oil interests in Montana. The assets are characterized by producing oil and gas assets along with associated facility infrastructure (twenty miles of pipeline). The properties also contain a significant portfolio of development opportunities with... 

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Zambia: Copper Boom, But Miners Say Earning Just Pennies

When copper prices hit record highs on international markets in 2005, Zambian miner Joseph Banda hoped for a rerun of the 1970s, when Zambia’s miners drove the economy and were handsomely rewarded with benefits and perks. But the private investors that have since taken over from the state-owned Zambia Consolidated Copper Mines (ZCCM) are less concerned about the welfare of miners and the neighbouring... 

Pele Mountain Enters Agreement to Sell Attawapiskat River Diamond Project to KWG Resources

Pele Mountain Resources (TSX Venture:GEM) (“Pele” or the “Company”) announced today that it has entered into an agreement with KWG Resources Inc. (TSX Venture:KWG) (“KWG”) to sell its Attawapiskat River Diamond Project (the “Project”) to KWG. The Attawapiskat River project is comprised of 47 mining claims covering more than 25,000 acres in the James Bay...