Afri-Can Marine Minerals: Diamond Sampling Vessel Departs Cape Town

Afri-Can Marine Minerals Corporation a Canadian company, actively involved in the acquisition, exploration and development of major mineral properties in Namibia has been informed by International Mining and Dredging Holding Ltd. (IMDH) that the contracted diamond sampling vessel MV DP The Explorer has left Cape Town, South Africa, for the port of Walvis Bay in Namibia. IMDH will then conduct deep... 

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Murphy Oil Announces Samurai Discovery in the Gulf of Mexico

Murphy Oil Corporation announced an oil discovery at the Samurai prospect located in Green Canyon Block 432 in the Gulf of Mexico. The well was drilled in approximately 3,400 feet of water to a total depth of near 31,700 feet. The well encountered in excess of 120 feet of net pay in high quality Miocene Sands. Murphy holds a 33.33% working interest in the discovery. Other equal partners include the... 

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Freeport Advances towards Feasibility at Hutton Garnet Beaches

Freeport Resources Inc., a junior mineral exploration company listed on the TSX Venture Exchange is advancing towards the feasibility study stage at its high grade Hutton Garnet Beaches project in Labrador, Canada. Permitting is in process for the 2009 bulk sample, and several governmental meetings were held in Newfoundland and Labrador last month to explain the proposal. The work is needed to confirm... 

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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... 

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Rowan Obtains 785-Day Contract for Jack-up Gorilla IV

Rowan Companies, Inc. announced that it has signed an agreement with Petroleos Mexicanos for Rowan’s Gorilla IV, with work commencing in the second quarter of 2009. The contract is expected to provide approximately $124 million of drilling revenues. Matt Ralls, Rowan’s President and Chief Executive Officer, commented, “We are delighted for this opportunity to further diversify our... 

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Gold Star Resources Latest Onshore Opportunity in West Africa

Gold Star Resources Corp. having signed a letter of intent (LoI) with Bengal Bight Ghana to acquire 100% of the hydrocarbon rights to the Tiampoum mining concession, approximately 1,000 square km, in Cote d’Ivoire, which was announced by the company on March 9. In January GXX entered West Africa when it bought a company with a Liberian license. Patrick Morris, GXX’s President and CEO,... 

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Significant Monetary Policy Changes Announced in Zimbabwe

New Dawn Mining Corp. commented on the recent Monetary Policy Statement released by the Governor of the Reserve Bank of Zimbabwe (“RBZ”) and the encouraging impact that the new policy statement potentially has to New Dawn’s mining operations in Zimbabwe. In general, the proposed changes detailed in the new MPS are far reaching and are expected to have a significant and positive impact... 

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TGS Initiates New Interpretation Project in Brazil

The Geological Products and Services division of TGS-NOPEC Geophysical Company (TGS) announced today that it has commenced a new multi-client interpretive study of offshore Brazil utilizing the company’s proprietary Facies Map Browser (FMB) application. The FMB allows explorationists to visualize the distribution of and relationship between the various elements of a petroleum system within a depositional... 

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TGS Initiates New Interpretation Project in Brazil

The Geological Products and Services division of TGS-NOPEC Geophysical Company (TGS) announced that it has commenced a new multi-client interpretive study of offshore Brazil utilizing the company’s proprietary Facies Map Browser (FMB) application. The FMB allows explorationists to visualize the distribution of and relationship between the various elements of a petroleum system within a depositional... 

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IFC Provides Financing to Peru’s Oil and Gas Industry Amid Global Credit Crisis

IFC, a member of the World Bank Group, has disbursed a $15 million loan to BPZ Exploración y Producción SRL, supporting a growing Latin American oil and gas company in making use of Peru’s natural resources during a time of tight credit markets. BPZ Exploración y Producción is a Peruvian subsidiary of BPZ Resources, Inc. As the global financial crisis has made raising money difficult for the... 

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