Echo Energy Canada Inc. report indicates reductions in oil and gas reserves
Echo Energy Canada Inc. is providing an update on the independent reserves assessment and evaluation of its oil and gas reserves effective December 31, 2008. The reserves report was prepared by GLJ Petroleum Consultants Ltd., an internationally recognized leader in oil and gas asset evaluations, pursuant to recommendations of National Instrument 51-101. The reserve report received on Friday by the...
Petroflow Energy Ltd. announces proposed Hunton Production acquisition
Petroflow Energy Ltd. said that it has entered into a Letter Of Intent with a third party to acquire additional producing oil and gas assets in Oklahoma. The Company has completed an internal valuation of the New Property using recent forecast pricing at a ten percent discounted present value of approximately $US 46 million. Substantially all of the value is attributable to proved developed producing...
Gran Tierra Energy Announces US$198 Million 2009 Capital Program
Gran Tierra Energy Inc., a company focused on oil exploration and production in South America, announced a capital spending program of US$198 million for exploration and production development operations in Colombia, Peru, and Argentina for 2009. This budget includes the drilling of seven exploration wells and six development wells in Colombia, in addition to seismic acquisition programs in Colombia,...
Asia-Pacific Surpassed North America As The World’s Primary Oil Consuming Region In 2007
Research and Markets has announced the addition of the “Asia-Pacific Oil & Gas Sectors : A Company and Industry Analysis (August 2008)” report to their offering. This report updates the previous Asia-Pacific oil and gas report, focusing on the markets in Australia, China, India, Indonesia, Japan and South Korea Current Environment – Key Points - Crude oil prices rose 66% from...
Nexant Expands Global Gas Sector Services
Nexant announced today that three gas industry experts—Mike Fulwood, Brian Little, and John Conway—have joined the company’s global gas practice. The three are former principals and founders of Energy Markets Partners LLP, a U.K.-based energy consultancy specializing in natural gas markets. Additionally, Nexant has also acquired a unique proprietary natural gas model that was developed by Energy...
Baytex Energy Trust Announces Results of Successful Thermal Pilot at Seal
Baytex Energy Trust announce results from our thermal pilot at Seal in the Peace River Oil Sands of northern Alberta. Highlights from the pilot project include: - Successful execution of all operational phases of the cyclic steam pilot in a representative part of the Bluesky reservoir at Seal; - Initial post-steam production rate in excess of 900 barrels of oil per day, with an average post-steam production...
Homeland Energy to Purchase US-Based Appolo Fuels and Diversified Energy for US$105-Million
Homeland Energy Group Ltd., Appolo Fuels and Diversified Energy are pleased to announce that they have finalised a binding agreement for Homeland Energy to purchase the operating assets of Appolo Fuels, Inc., owner and operator of the Appolo coal mine and Diversified Energy, Inc., the associated coal marketing firm, of Middlesboro, Kentucky and Knoxville, Tennessee, respectively. The total purchase...
NYMEX to Launch Domestic Hot Rolled Coil Steel Futures Contract
The New York Mercantile Exchange, Inc., a subsidiary of NYMEX Holdings, Inc., announced that it plans to introduce a futures contract based on prevailing market prices for hot-rolled steel coil in the U.S. Midwest region (U.S. Midwest domestic hot-rolled coil steel) early in the fourth quarter of 2008. The contract will be financially settled against an index developed by CRU Indices Ltd., a subsidiary...
Review of European Gas and Power Price Trends for April 2008
Research and Markets has announced the addition of the “Monthly Price Brief – A Review of European Gas and Power Price Trends: April 2008″ report to their offering. The growing role of wholesale traded energy markets across Europe creates a greater need for players throughout the value chain to be aware of the latest market movements and developments. From the wellhead or power station...
VIPR Industries Closes Acquisition of Itigi Manyoni Uranium Property
Industries Inc. has completed its acquisition of the highly prospective Itigi Manyoni Uranium Property located in Tanzania. Airborne radiometric surveys have identified uranium anomalies indicating strong potential for significant uranium mineralization on VIPR’s project area. Radiometric mapping of VIPR’s newly acquired 170 kilometer Itigi Manyoni Uranium Prospect has identified anomalies...
Latest Mining News
Philex Gold Receives Interim Order for Transaction With Philex Mining Corporation
Philex Gold Inc. announced that it has obtained an interim order from the Ontario Superior...
American Mining Corporation Signs LOI to Form Production Joint Venture on Terra Gold Project, Alaska
American Mining Corporation announce that it has signed a binding letter of intent to enter...
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