KIG Mining Plc Announces That It Has Secured a 10 Million Line of Funding

Under an agreement signed on 7 July 2009, GEM Global Yield Fund Limited, the UK based private investment group, has agreed to provide KIG Mining Plc with €10 million over the next three years in the form of an equity line of credit. KIG will control the timing and maximum amount of any draw down under this credit line. On drawdown, KIG will issue ordinary shares to GEM Global at a price per share... 

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Geokinetics Inc. Announces Increase to Capital Expenditure Budget

Geokinetics Inc. announced that the Company’s Board of Directors has approved an increase to the Company’s capital expenditure budget for the year ended December 31, 2008. The approved amount has been increased to $80.0 million, up 24 percent from $64.7 million. In response to robust customer demand for the Company’s seismic data acquisition and processing services, Geokinetics plans... 

Pengrowth Energy Trust Announces $1.0375 Billion Acquisition of Canadian Oil and Natural Gas Properties

Pengrowth Corporation, administrator of Pengrowth Energy Trust is pleased to announce that it has entered into a definitive agreement to acquire Canadian oil and natural gas producing properties and undeveloped lands (the “CP Properties”) through the acquisition of the shares of four subsidiaries of Burlington Resources Limited, a subsidiary of ConocoPhillips, for a purchase price of $1.0375... 

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Aurelio Completes Mineral Property Acquisition, Appoints New Board of Directors and Announces Financing

Aurelio Resource Corporation (“Aurelio”) (OTCBB: AULO) is pleased to announce that it has completed, pursuant to an agreement entered into with Aurelio Resources Inc. (“ARI”) and its shareholders dated April 27, 2006, the acquisition of all of the issued and outstanding common stock of ARI, a privately-owned Colorado corporation engaged in mineral development, expansion and... 

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Delta Petroleum Corporation Announces Second Quarter Operating Results

Delta Petroleum (Nachrichten) Corporation , an independent energy exploration and development company (“Delta” or “the Company”), today reported operating results for the second quarter and first half of 2006. RESULTS OF OPERATIONS For the quarter ended June 30, 2006, the Company reported net income of $4.2 million, or $0.08 per fully diluted share, and EBITDAX (defined below)... 

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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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Inferred resource at Raub increased by 26% to 135,000 oz gold Drilling results at Raub expand zone of mineralisation Initial Tersang drilling results encouraging

Peninsular Gold (AIM: PGL) today announces an increase in the inferred resources at its Raub project to 2.8 million tonnes at 1.5 g/t gold containing 135,000 ounces gold using a 0.6 g/t cut-off grade. This increase is based on 81% of the 15,700 metres drilled in the ongoing drilling campaign and thus is expected to increase further once all assay results are returned. Best assay results from five of... 

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Esprit Energy Trust Announces Expansion of its Greater Olds Core Area through an Agreement to Acquire Private Oil and Gas Producer

Esprit Energy Trust (“Esprit” or the “Trust”) today announced that it has entered into an agreement to acquire Trifecta Resources Inc., a privately-held, Calgary-based oil and gas producer. Esprit has agreed to acquire all of the issued and outstanding shares of the company for total consideration of $102 million. This acquisition is subject to customary closing adjustments...