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...
Kodiak Oil & Gas Corp. Announces Pricing of Underwritten Public Offering of Common Stock
Kodiak Oil & Gas Corp. announced the pricing of an underwritten public offering of 12,000,000 shares of its common stock at a price of $2.20 per share. The offering is being made pursuant to an effective shelf registration statement that Kodiak filed with the Securities and Exchange Commission on July 14, 2008. The net proceeds of the offering, after deducting underwriting discounts and commissions...
Precision Petroleum Corporation-Acquires Overriding Royalty Interest in Two Adjoining Fields, Nowata County, Oklahoma
Precision Petroleum Corporation an independent energy company engaged in the acquisition, exploration and development of oil and natural gas properties in North America continues to extend its oil production expansion program. Richard Porterfield, President, advises that the Company has recently acquired Overriding Royalty Interests in two adjacent leases, East and West Moreland located in Nowata County,...
Simberi to Acquire Gold Properties in Guyana
Simberi Mining Corporation, a Canadian based international mineral development company that develops a portfolio of natural resource properties and companies announce that it has entered into a letter of intent with Lori Energy Inc., to enable Simberi to acquire up to a 100% interest in Prospecting Licence: PL/35SE/02/07 called the Kaburi Licence encompassing 6,431 hectares located in the Mazaruni...
Imperial Announces Closing of Debt Settlement Agreement
Imperial Petroleum, Inc., an oil and natural gas exploration and production company headquartered in Evansville, Indiana, announced today that it has closed the settlement agreement with its senior lender and as part of the closing, completed the sale of certain assets to Valley Falls Company for an undisclosed amount. The terms of the sale to Valley Falls are confidential. Jeffrey T. Wilson, President...
El Paso Corporation, RWE Dea AG Enter Into Joint Exploration in Egypt
El Paso Corporation announced that its Egyptian subsidiary, El Paso Egypt Exploration & Production Company, and RWE Dea AG (RWE Dea) have executed an agreement to exchange interests in adjoining onshore concessions in Egypt. The assignments have been approved by Egyptian authorities. Prior to the exchange, El Paso held a 100 percent interest in the South Mariut Block in the Western Desert area...
PetroHunter Energy Corporation Closes Sale of Interest in Producing Properties
PetroHunter Energy Corporation announced it closed the sale of its 50% working interest in eight producing oil and gas wells to Robert L. Bayless, Producer LLC (“Bayless”), for $2.3 million, effective December 1, 2008. The eight wells are located in Garfield County, Colorado, and are operated by EnCana Oil & Gas (USA), Inc. PetroHunter stated that the sale of these non-operated properties...
Jura Announces Jamali Deep 1 Exploration Well Spuds
Jura Energy Corporation announced that drilling has commenced at the Jamali Deep 1 well located in the Badin IV North Block. The projected depth of the well is 3,870 meters, which will target the Basal Sands of the Lower Goru formation. Jamali Deep 1 is the second of nine committed exploration wells in the joint venture’s exploration program. Jura Energy Corporation is an international energy...
Capital City Energy Group, Inc. Continues to Expand Reserve Base through the acquisition of Interests in 38 Oil and Natural Gas Wells for more than $1.7 million
Capital City Energy Group Inc. announced that it has expanded its reserve base yet through the strategic acquisition of interests in thirty-eight (38) oil and natural gas wells located in four different Basins in the continental United States that have generated significant amounts of oil and natural gas production. Capital City purchased the interests in the wells for $1,722,086, which are operated...
Gasco Energy Extends Credit Facility; Provides Update on Gate Canyon Test
Gasco Energy, Inc. announced an amendment to its Credit Agreement and provided an interim operations update on its Riverbend Project in Utah’s Uinta Basin. On December 10, 2008, the Company closed on an amendment to its Credit Agreement led by JPMorgan pursuant to which the maturity date of the facility was extended one year to March 29, 2011. The interest rate pricing grid was increased 0.25%...
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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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