Cantex Mine Development Corp. announce that Vale International SA, a wholly-owned subsidiary of Companhia Vale do Rio Doce, has signed a letter agreement for the Company’s Suwar, Wadi Qutabah nickel, copper, cobalt and platinum group element projects in Yemen.
Vale’s minimum exploration commitment under the agreement is US $2 million to be spent prior to August [...]
Veraz Petroleum Ltd. announce that it has partnered with Petrominerales Ltd., a 76% owned subsidiary of Petrobank Energy and Resources Ltd., a Colombian based exploration and development company to jointly explore the concession on which Veraz is currently conducting activities in the Ucayali Basin of east central Peru (”Block 126″).
Under the transaction, Petrominerales will pay [...]
Exxon Mobil Corporation announced today its affiliate, ExxonMobil Exploration and Production Turkey B.V., has signed an agreement with Turkish national oil company, Türkiye Petrolleri Anonim Ortakl??? (TPAO), to explore in two large deepwater blocks offshore Turkey, marking ExxonMobil’s entry into Black Sea exploration.
ExxonMobil will become operator during the initial exploration phase and earn a [...]
Synergy Resources Corporation, a developmental stage oil and gas exploration and production company, today announced that it is scheduled to participate with a consortium of companies in a new oil and gas well. Participating with Synergy in this well are Kerr-McGee Oil & Gas Onshore LP and Petroleum Exploration & Management, LLC. The well is [...]
Vortex Resources Corp. announce that it is exercising the option to drill its fifth well in Adams-Baggett Field in Crockett County, Texas. After successfully drilling three wells in the Adams-Baggett area and awaiting the results from the fourth well, the management of Vortex has decided to move forward with exercising the option to drill its [...]
Continental Energy Corporation announced that it has acquired an interest in a new production sharing contract in Indonesia.
Pursuant to a joint bid agreement with Adelphi Energy Limited and GeoPetro Resources Company, the group’s joint venture company, ACG (South Bengara-II) Pte. Ltd., signed a new PSC for the South Bengara-II block. Continental’s wholly [...]
Lighthouse Petroleum, Inc. announce the acquisition of a 25% working interest in G2 Petroleum LLC’s Diamond Springs Prospect, located within the prolific Wind River Basin. The Diamond Springs Prospect comprises 3,300 gross acres of prospective oil and natural gas property in Fremont County, Wyoming. Independent geologic work has concluded that the property has the potential [...]
Plains All American Pipeline, L.P. announced that it has entered into a new $525 million committed hedged inventory credit facility, maturing in November 2009. Borrowings under the facility will be primarily used to finance the purchase of hedged crude oil inventory for storage activities when market conditions warrant as well as foreign import activities. The [...]
Waratah Coal Inc announce a coal exploration target of 205 - 415 Billion tonnes in its Galilee Basin tenements and tenement applications.
The exploration target has been declared following a broader tenement study using current and historical data. This data includes exploration drilling from the known resources previously declared by Waratah and others. Additionally it draws [...]
Tethys Petroleum Limited announced that its AKK16 exploration well has tested gas at a rate in excess of 10.2 million cubic feet per day (MMcf/d) (290.2 thousand cubic metres per day (Mcm/d)). This discovery has now been named the “South-East Akkulka” gas accumulation. Tethys also announced that it has acquired additional drilling and operations equipment.
Exploration [...]
