RockBridge Energy Inc. announces that the operator of the Drake and Woodrush oil and gas properties in northern B.C., in which RockBridge has a working interest, has provided details of this winter’s planned capital program. The program includes drilling and initially completing a further Woodrush well as a flowing oil well targeting a new oil pool in the Halfway formation. The drilling is planned...
Bridge Resources Corp. through its wholly-owned subsidiary Bridge Energy Inc. has completed the acquisition (the “Acquisition”) of the assets of Bridge Energy LLC (the “Vendor”) which comprise a 50% working interest in approximately 100,000 acres located in the Boise Basin of Idaho and Oregon and offers a large number of oil and gas prospects (the “Boise Basin Project”)....
Bridge Resources Corp. through its new wholly-owned subsidiary Bridge Energy Inc. has submitted applications to drill five wells in the Boise Basin, Idaho commencing in Q4, 2009. The wells range in depth from 4,500 to 7,000 feet and will be targeting both shallow gas and deeper oil reservoirs. Several older wells flowed gas to surface at measured rates up to 400,000 cubic feet per day and two of the...
RockBridge Energy Inc. announces that today it is commencing the rework program on one of its oil wells in the Pembina area of Alberta that previously produced until 2004. The work, with a crew and service rig onsite, includes abandoning the lower former producing zone and perforating 5 metres of the Belly River formation, followed by swab testing. Indications are good for the program with Belly River...
Norse Energy Corp. ASA has sold 30% of the shares in the previously wholly-owned subsidiary Norse Energy do Brasil for a cash consideration of USD 30 million. The buyer is Sector Speculare (Private Equity) IV, a fund managed by Sector Omega ASA. Funds managed by Sector are also the largest shareholder in Norse Energy Corp. ASA. The transaction values Norse Energy do Brasil at enterprise value USD 210...
Enbridge Energy Partners, L.P. announced a non-binding Open Season for additional firm capacity on its Enbridge Pipelines (Midla), L.L.C. subsidiary’s interstate natural gas transmission ‘Midla’ pipeline system. The Midla system is a 170-mile, 22-inch diameter low-pressure pipeline spanning Louisiana and Mississippi from the Perryville Hub area at the north end of the system to the...
Cambridge Energy Corporation announced that the Company has entered into a joint-venture agreement for production of the Gold River Mine Group, including noted properties with extensive mining histories and precious metal ore bodies that are geologically well documented including The Sun Gold Group, The Big Chief Group, The Oro Cache Mine, The Eagle Mine and The Treasure Gulch Mine. Based on historic...
GE Oil & Gas has expanded its PII Pipeline Solutions technical staff and engineering analysis services in Calgary on behalf of Canadian pipeline operators. GE increased its pipeline data analysis department by 17 people in 2008 and its integrity engineering department to nine, full-time desk engineers, including a data software engineer to enable the newly enhanced levels of pipeline support services...
Ameron International Corporation reported net income of $15.0 million, or $1.63 per diluted share, in the third quarter ended August 31, 2008, compared to $21.1 million, or $2.32 per diluted share, in the third quarter ended August 26, 2007. Sales in the third quarter of 2008 totaled $170.1 million, compared to sales of $165.0 million in the third quarter of 2007. Net income in the third quarter of...
Infinito Gold Ltd. announce that it has signed an engagement letter under which it has given BNP Paribas an exclusive mandate to act as lead arranger of a $US 66 million debt financing facility to complete the construction and start-up of Infinito Gold’s 100% owned Crucitas Gold Mine Project located in north central Costa Rica. The financing is subject to BNP Paribas completing its due diligence...