Gentor Resources Inc. closes acquisition of APM Mining Limited

GENTOR RESOURCES, INC. announce the acquisition of APM Mining Limited pursuant to the closing under the Share Exchange Agreement dated February 23, 2010 between the Company, APM Mining and Arabian Peninsula Projects Ltd. As a result of the acquisition, the Company, through its wholly owned subsidiary, APM Mining, holds the earn-in rights to the Block 5 and Block 6 copper exploration projects located... 

Tag: al fairuz mining company in oman, copper mining block 5 and 6 in oman, apm mines llc in oman, mining news oman, taung gold

Tasman drilling update from Norra Karr REE project, Sweden

Tasman Metals Ltd. Mr Mark Saxon, President and CEO, provides an update on developments regarding the Company’s 100% owned Norra Karr Rare Earth Element (REE) project. The drill program currently underway is nearing its conclusion with approximately 80 per cent of the program completed. In addition, a collaborative research project has been initiated, under the guidance of renowned REE expert... 

Tag: drilling for nepheline syenite, north american ree mining, tasman metals norra, norra karr, norra karr rare earth element ree zirconium zr project in

Riverstone Completes Acquisition of Seajacks International

Riverstone Holdings LLC’s most recent renewable energy fund has successfully completed its previously announced acquisition of Seajacks International, for a total cash consideration of US$207 million. Seajacks is now wholly-owned by Riverstone and the management team. Seajacks currently owns and operates two self-propelled jack up vessels out of Great Yarmouth in the United Kingdom: the Seajacks... 

Tag: seajacks international and riverstone, seajacks news, riverstone completes acquisition of seajacks international, seajacks international, seajacks acquisition

RedHawk Energy Acquires Xxtreme Group for $66.0 Million

RedHawk Energy Corporation announced that it has acquired 100% of the membership interests of Texas-based Xxtreme Pipe Services, LLC, Xxtreme Pipe Storage, LLC, Xxtreme Tubular Processors, LLC and Wolf Pack Rentals, L.L.C. (collectively, the “Xxtreme Group”) for $66.0 million in cash, preferred stock and assumed debt. The purchase price is subject to certain post-closing adjustments. Headquartered... 

Tag: red hawk oilfield company, redhawk energy texas, redhawk, redhawk energy corp acquired 100 of the membership interests of, xxtreme tubular

Allied Energy Forms Operating Company in Texas

Allied Energy, Inc. announced that the Company has recently formed Allied Operating Texas, LLC, a wholly owned subsidiary of Allied Energy, Inc. “Allied Operating Texas, LLC was formed to operate our East Texas projects,” said Steve Stengell, Allied’s President. Oil and natural gas drilling, completion and production operations involve a high degree of risk and uncertainty. The Company... 

Tag: texas mining companies, allied energy corporation in texas, allied energy east texas development, alliedoperatingtexasllc, allied operating texas llc

Fleming Gulf’s Global Mining Technology Forum 1st -2nd March 2010, Dubai -UAE

There is a real need of a highly modified technology for the mining industry today. Being an informational economy, we recognize the increasing availability of information given to us through various resources. On the other hand, we now have tools to enable us to garner great value from that information quite readily. New information products can better inform decision processes. As businesses are... 

Tag: 2nd march arab news, mining uae, ji technologies uae, technology stocks to buy march 2010, rare earth mineral stocks march 2010

AB Resources Gears Up to Aggressively Exploit the Marcellus Shale

AB Resources LLC has taken steps to enhance the technical expertise required to explore and develop the Company’s extensive acreage position in the Marcellus Shale formation. The Marcellus Shale, a gas-productive formation spread across Pennsylvania and West Virginia, has become the premier natural gas play in the Appalachian Basin. AB Resources is poised to become a leading operator in Marcellus... 

Tag: gordon yonel, marcellus shale uranium, ab resource mark deal, best stocks for marcellus formation, shale mine pennsylvania

Miller Energy Resources Acquiring 30,000 Acres, 180 Wells

Miller Energy Resources, LLC announced that it has signed a letter of intent to acquire privately-owned Ky-Tenn Oil, Inc. which owns and operates some 180 oil and gas wells on 30,000 acres of Tennessee oil and gas leases. “This is the first of several acquisitions we are considering,” said Scott Boruff, Miller CEO. “The Ky-Tenn Oil, Inc. (KTO) oil and gas operations are located in... 

Tag: miller energy barnett

Canamens Signs Offshore Exploration Agreements in Morocco

Canamens announce the signing of a suite of agreements – including an Association Contract, a Petroleum Agreement and a Reconnaissance Contract, along with associated permits and a licence – to explore for oil in Morocco. These agreements were signed in Rabat on 15th December 2008 between Canamens and Morocco’s Office National Hydrocarbures et des Mines (ONHYM). The first agreement... 

Capital City Energy Group To Make Strategic Acquisition of Oilfield Service Company

Capital City Energy Group Inc. continues to expand in the domestic energy space with its strategic acquisition of Hotwell Services Inc., an emerging oilfield service company operating in the Appalachian Basin. The addition of Hotwell Services, Inc. to the Capital City Energy Group portfolio of operating subsidiaries will significantly contribute to the Company’s value proposition for clients, shareholders... 

Tag: pennsylvania wireline, cng mining trucks