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Thompson Creek provides update on capital expenditure plans

Thompson Creek provides update on capital expenditure plans

…  cash leaves Thompson Creek with a strong cash position and minimal debt of $18.1 million in equipment loans and puts the Company in an excellent position to weather the downturn in …

December 5th, 2008

Venoco Scales Back 2009 Capital Budget Forecast

Venoco Scales Back 2009 Capital Budget Forecast

…  remain very cognizant of the unusual financial times and are committed to managing our capital expenditures to sustain the company,” explained Tim Marquez, Chairman and CEO. “Our portfolio of capital projects is robust and provides us with …

December 5th, 2008

Svante Nilsson new President of Business Area Market at Boliden

Svante Nilsson new President of Business Area Market at Boliden

…  the company to take over as SVP of Business Development and Strategy at SCA. Svante Nilsson will also be the Acting President of …  is in the fields of exploration, mining, smelting and recycling. Boliden’s main metals are zinc and copper. Other important …

December 5th, 2008

Maurel & Prom: Increase in the Production and Extension of the Ocelote Field

Maurel & Prom: Increase in the Production and Extension of the Ocelote Field

…  (194 meters), met the producing formation (Carbonera C7 sands) at the highest structural position in the Ocelote field and confirmed its northern extension, which has significant impact in reserves …

December 5th, 2008

Sterling Announces Agreement Relating to Offshore Romanian Assets

Sterling Announces Agreement Relating to Offshore Romanian Assets

…  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 investment, Melrose will acquire a 32.5% working interest …

December 5th, 2008

Canasia Industries Corporation: Awarded Additional Coal Permits from Saskatchewan Government

Canasia Industries Corporation: Awarded Additional Coal Permits from Saskatchewan Government

…  received approval from the Saskatchewan Ministry of Energy and Resources on coal permits covering 46,080 hectares (approximately 99,000 …  covering 51,520 hectares (approximately 127,250 acres), and management anticipates receiving additional permits in the near future. …

December 5th, 2008

SDRL - Seadrill secures new long-term tender rig contract in West-Africa

SDRL - Seadrill secures new long-term tender rig contract in West-Africa

…  US$378 million, including mobilization, demobilization and minor upgrades. Alf C Thorkildsen, Chief Executive Officer in Seadrill …  of our tender rigs. Based on our operation track record and position in the tender rig market we expect to continue to grow our order …

December 5th, 2008

Cadre Services Expands Operations to Northern Louisiana

Cadre Services Expands Operations to Northern Louisiana

…  include oilfield construction, pipeline services, pump and fabrication services and material products. Joe Cucinotta has been named Location Manager of the …

December 5th, 2008

Fox Petroleum Awarded Additional North Sea Oil Concession Rights by UK Govt

Fox Petroleum Awarded Additional North Sea Oil Concession Rights by UK Govt

…  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 operator of the block with a 90% interest. …

December 5th, 2008

Continental Nickel Reports Grant of Stock Options to a Director

Continental Nickel Reports Grant of Stock Options to a Director

…  is an exploration company focused on the exploration and discovery of nickel sulphide deposits in geologically prospective, but …  controlling interest in the Nachingwea project in Tanzania and an option joint venture on the St. Stephen project in New Brunswick, …

December 5th, 2008