Ritchie Bros. Auctioneers, the world’s largest industrial auctioneer, conducted two large unreserved public auctions in Houston, TX and Phoenix, AZ last week, with gross auction proceeds of more than US$23 million and close to US$35 million, respectively. Almost 2,000 bidders participated in the Houston auction and more than 1,600 took part in the Phoenix auction; [...]
World oil prices slipped lower as a fragile truce between Israel and Lebanon entered its second day.
In London, Brent North Sea crude for September delivery fell 22 cents to 74.08 dollars per barrel in electronic trading.
New York’s main contract, light sweet crude for delivery in September, slid 18 cents to 73.35 dollars per barrel in [...]
Gale Force Petroleum Inc., announced today that production has commenced from wells near Radway, Alberta, in which it holds an average 23.75% working interest before payout. Three of four wells have been put on production, with the fourth well expected to be tied in and on production by September, 2008.
Aggregate gross initial production rates including [...]
John Detmold, CEO of Invecture Group, SA de CV, the largest shareholder of Frontera Copper Corp., announced that Frontera’s next largest shareholder has signed a permitted lock-up agreement with Invecture to tender 9,887,500 Frontera shares into Invecture’s $0.59 per share take-over bid which expires February 6, 2009. Invecture currently owns 19.9% of Frontera and has [...]
Petrostar Petroleum Corporation announces the field testing of its Enhanced Oil Recovery Technology or as it is currently described as its Down Hole Heating Device commenced May 2, 2007.The initial test well A9/16 will continue for approximately 10-14 days at which time the tool will be removed from the test well and test data [...]
PATTERSON-UTI ENERGY, INC. reported that for the month of February 2007 the Company had an average of 257 drilling rigs operating, including 243 rigs in the U.S. and 14 rigs in Canada. For the two months ended February 2007 the Company had an average of 262 drilling rigs operating, including 247 rigs in the U.S. [...]
VeraSun Energy Corp., the second biggest U.S. ethanol producer, announced today that it plans to make biodiesel from distillers grains, a byproduct of ethanol.
The company, which is based in Brookings, S.D., is looking at possible locations for a 30-million-gallon-a-year biodiesel production plant. It plans to begin construction next year with production starting in 2008.
VeraSun has [...]
Lakota Resources Inc. is pleased to announce that a 4,200 metre Reverse Circulation (RC) drilling program on the Company’s 100% owned TEMBO project will commence on or about October 31, 2006. Since July 2006, the Company has completed 13,090 metres of Aircore (AC) drilling comprising a total of 1,221 shallow holes for regolith (soil) and [...]
The Tasmanian Government has granted five new mineral exploration licences in the state’s west and north.
Sydney-based company Manasia Holdings has applied for three licences to look for gold, nickel and base metals, near Beaconsfield, at the Yolande River near Queenstown and east of Savage River.
Rubicon Mintech Ventures will explore for minerals at Hangmans creek, near [...]
North American Gem Inc. announce that the Company has received an additional 98 Coal Prospecting Permits from Saskatchewan Energy and Resources, near the most recent coal discovery by Goldsource Mines Inc. . This now brings the total to 433 Coal Prospecting Permits covering an area of 906,748 acres (366,948 hectares) that have been approved by [...]