Oromin Explorations Ltd.: Progress at Santa Rosa Oil Project, Argentina

October 15, 2008 Filed Under: Oil and Gas  

Oromin Explorations Ltd. advise that the environmental studies on the Santa Rosa Exploration Permit have been completed by our wholly-owned Argentine subsidiary and have been filed with the Environmental Control and Improvement Directorate of the Province of Mendoza. The Directorate will oversee the evaluation of the environmental studies by the appropriate government agencies and specialists prior... 

CREDO Petroleum Reports That Financial Condition Remains Strong

October 13, 2008 Filed Under: Mining Stocks, Oil and Gas  

CREDO Petroleum Corporation reported that its financial condition is sound and that the company is well positioned to capitalize on opportunities that may arise due to recent events in the U.S. and world financial markets. In July CREDO completed a $16,675,000 stock sale. Working capital is approximately $27,400,000, consisting primarily of cash and short term investments, and the company has no debt. As... 

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Chevron Mining agrees to sell Mountain Pass rare earth mining operations

September 11, 2008 Filed Under: Mining Services  

Chevron Mining Inc. today announced that it has entered into an agreement to sell its Mountain Pass rare earth mining operations to Rare Earth Acquisitions LLC. The transaction is expected to close in late September, 2008. REA is a special purpose company owned by Resource Capital Funds, Pegasus Partners IV, LP, The Goldman Sachs Group, Inc., Traxys North America LLC and Carint Group LLC. Included... 

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EnerCom, Inc. Announces Presenting Companies for The Oil & Gas Conference(R) August 10-14, 2008

July 11, 2008 Filed Under: Oil and Gas  

EnerCom, Inc., announced today the lineup and schedule for The Oil & Gas Conference®, http://www.theoilandgasconference.com. In its 13th year, the Conference, held in Denver Aug. 10-14, is the oldest and largest energy investment conference hosted in Denver, showcasing more than 70 companies with a combined enterprise value of more than $500 billion. This premier forum offers institutional investors,... 

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Oil and Gas Drillers See Strong Activity Despite Lower Prices

September 23, 2006 Filed Under: Mining Contractors, Mining Services, Mining Stocks, Oil and Gas  

Against a backdrop of tanking oil and natural gas prices, drilling contractors Friday struck a contrarian tone at an annual gathering here: business is almost too good. The recent weakening in commodity prices has raised investor skittishness toward energy in some cases. But oil and gas drillers, gathered here for the annual meeting of the International Association of Drilling Contractors, continue... 

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Drilling industry unfazed by decline in energy prices

September 23, 2006 Filed Under: Mining Contractors, Mining Services  

Against a backdrop of tanking oil and natural gas prices, drilling contractors Friday struck a contrarian tone at an annual gathering here: business is almost too good. The recent weakening in commodity prices has raised investor skittishness toward energy in some cases. But oil and gas drillers, gathered for the annual meeting of the International Association of Drilling Contractors, continue to revise... 

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City Capital Expands Into Oil and Gas Production Through Acquisition of Montreal Beneficial, Now Goshen Energy Resources, Inc.

September 8, 2006 Filed Under: Mining Services, Oil and Gas  

City Capital Corporation announced the acquisition of Montreal Beneficial, Inc., a Dallas-based group with over 100 years experience in oil and gas operations. A Nevada corporation in the name of Goshen Energy Resources, Inc., “Goshen,” was created for this transaction. City Capital owns 600,000 shares and Montreal Beneficial owns 400,000 shares of Goshen. Goshen will engage in the buying,... 

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East Timor protective of oil, gas industry

August 2, 2006 Filed Under: Mining Services, Oil and Gas  

East Timor’s ramshackle capital is dotted with rundown buildings, old cars and squalid camps packed with thousands of people waiting to return home after months of violence. But billions of dollars in largely untapped oil and gas reserves lie just off the coast of Asia’s newest and poorest nation. East Timor is zealously guarding its nascent oil and gas industry, seen as a potential lifeline... 

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