Kent Executes Gold Property Proposal with Teck Australia Pty Ltd

Kent Exploration Inc. announce that it has jointly executed with Teck Australia Pty Ltd (Teck), a proposal by the Company to earn 100% of Teck’s interest in the Gnaweeda Gold Project in the northern Murchison Province of Western Australia. Teck currently has the right to earn a minimum 70% interest in the Project from Chalice Gold Mines Ltd, an ASX-listed company. The Gnaweeda Project, which... 

Tag: acquisition proposal, chalice gold, sample acquisition proposal, meekatharra gold, mining project proposal sample

Temex Resources Corp.: Deep drilling continues to intersect high grade gold

Temex Resources Corp. announces that drilling on the Whitney Township Property is continuing to intersect high grade gold values on the Hallnor deep targets with all holes drilled to date having intersected visible gold. The Property occurs within a 4 kilometre long, 10+ million ounce mine trend and includes the former Broulan Reef and Hallnor Mines. The Hallnor Mine was one of the highest grade gold... 

Tag: deeps sur, timmins ontario gold find, halo resources

Sterling Announces Agreement Relating to Offshore Romanian Assets

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 investment, Melrose will acquire a 32.5% working interest in the Pelican XIII and Midia XV Blocks. Melrose will make a cash contribution of US $24-million... 

Tag: rbc capital melrose, sterling black sea

Petro Canada, As Part Of The Fort Hills Energy Limited Partnership, Defers Mine Decision Until 2009 And Defers Upgrader

The Fort Hills Energy L. P. announced that it will defer the final investment decision on the mining portion of the Project until a cost estimate consistent with the current market environment can be established. The Partnership now anticipates making a final investment decision in 2009. The Sturgeon Upgrader portion of the Project will be put on hold and a decision on whether to proceed with the Upgrader... 

Tag: first largest coil mine, list of largest mining companies in the world, top zinc producers in asia pacific, largest iron nuggets, worlds biggest producer of molybden

Albanian Production Sharing Contract for Blocks 2 and 3 Approved

Manas Petroleum Corp., a Baar, Switzerland based company, today announces its wholly owned subsidiary, DWM Petroleum AG, has signed a Production Sharing Contract (PSC) for Blocks 2 and 3 in Albania. The blocks cover approximately 3,400 km2 (approximately 850,000 acres). The Albanian government was represented by Mr. Genc Ruli the Minister of Economy, Trade and Energy and Manas & DWM by Chairman... 

Tag: shpiragu

Japanese Conglomerate Takes $40-million Stake in Junior Canadian Explorer’s Promising Alaskan Nickel Property

Pure Nickel Inc. announce that it has entered into an exploration and option agreement with ITOCHU Corporation, a multi-billion dollar Japanese conglomerate. The agreement provides ITOCHU with the right to earn up to a 75% interest in Pure Nickel’s 720-square-kilometre MAN Alaska property by investing up to $40 million in further exploration and development of the property. The MAN project is... 

Tag: junior explorer

TransAtlantic Petroleum Corp. Announces Cash Takeover Offer for Incremental Petroleum Limited

TransAtlantic Petroleum Corp. announced today its intention to make an all cash takeover offer for all of the shares in Incremental Petroleum Limited. Incremental is publicly traded on the Australian Stock Exchange under the symbol “IPM.” Incremental is an oil and gas company with its main operations in Turkey and some additional properties in California, U.S.A. The Company believes that... 

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Sterling announces results of testing on East Breagh

Sterling Resources Ltd. announce that it has successfully completed testing of the East Breagh well located in the U.K. Southern North Sea Block 42/13. Sterling holds a 45% interest and is the operator of the block. The well was tested from the upper zone perforations 7490 feet measured depth (md) to 7560 feet md at controlled rates of up to 10.2 million standard cubic feet per day (mmscf/d). The final... 

Sterling Resources Ltd. announces commencement of Cladhan Well in the UK North Sea

Sterling Resources Ltd. report that operations on the Cladhan exploration well on Block 210/29a in the United Kingdom Northern North Sea have commenced, with the arrival of the Transocean 704 semi-submersible rig at the site. The well is targeting an Upper Jurassic prospect and is anticipated to take 35 days to drill. Sterling is the operator and currently holds a 39.9 percent working interest. Stewart... 

Tag: cladhan well, sterling resources stewart gibson

U.S. Energy Corp. Signs Lease Purchase and Drilling Agreement With Private Texas-Based Company

U.S. Energy Corp., a natural resources exploration and development company with interests in molybdenum, oil and gas, and real estate, today announced that it has entered into a Lease Purchase and Drilling Agreement with a private, Texas-based oil and gas company to acquire a 25% non-operating working interest in an oil prospect located in east Texas. Under the terms of the agreement, U.S. Energy will...