… strong cash position and minimal debt of $18.1 million in equipment loans and puts the Company in an excellent position to weather the … underway at the mine site and the purchase and storage of equipment on which we have already made partial payment. All or some portion of …
Venoco, Inc. announced it will scale back its forecast of 2009 capital expenditures from $300 million to $225 million. “We remain very cognizant of the unusual financial times and are committed to managing our capital expenditures to sustain the company …
Svante Nilsson has been appointed as the new President of Business Area Market, effective as of 1st January 2009, in conjunction with Ulf Söderström’s decision to leave the company to take over as SVP of Business Development and Strategy at SCA. Sva …
The appraisal well Ocelote-7, drilled in the Guarrojo exploration permit located in the Eastern Llanos, approximately 250 km south-west of Bogota has reached the Carbonera C7 formation. This well, drilled with a horizontal drain of 637 feet (194 meters) …
Sterling Resources Ltd. announce that it has signed a Heads of Agreement with Melrose Resources plc relating to the Pelican XIII and Midia XV Blocks located in the Black Sea, offshore Romania. In exchange for a cash consideration and a carry on future inv …
Canasia Industries Corporation has received approval from the Saskatchewan Ministry of Energy and Resources on coal permits covering 46,080 hectares (approximately 99,000 acres). Canasia has received partial applications to date from the Saskatchewan Gover …
Seadrill has been awarded a new contract by Cabinda Gulf Oil Company Ltd (Chevron) for development drilling offshore Angola with the semi-tender rig West Berani II, which is currently under construction. The contract has a duration of five years with comme …
Cadre Services, Inc announced the expansion of its operations to Northern Louisiana. The new regional operation, with facilities in Bossier City, will provide the full complement of Cadre services to customers in this growing energy-producing region. These …
Fox Petroleum Inc. announce that is has been awarded, in the 25th Seaward Licencing Round Awards, the rights to explore and develop the block 13/17 concession in the North Sea by the British Government (Department of Energy and Climate Change). Fox will be …
Continental Nickel Limited announce the grant, pursuant to its Stock Option Plan, of an additional 50,000 incentive stock options to a director at an exercise price of $1.50 per share with a term of five years. The grant of the options is subject to regula …
