Garibaldi’s Exploration Strategy Pays Off-Significant “Gold in Soil” Anomaly Discovered Over Hyperspectral Target
Further to its news release dated March 03, 2009, Garibaldi Resources Corp. announce that wide spaced soil sampling on the Company’s 100% owned Tonichi Project in Sonora, Mexico has identified a significant “gold in soil” anomaly over one of its high priority hyperspectral target areas. The soil geochemical survey outlined strongly anomalous Au values (112 samples returned gold values...
Rooster Petroleum, LLC Commences Drilling at Eugene Island Block 28
Rooster Petroleum, LLC, is pleased to announce the commencement of drilling of the Rooster #A-3 Well. It is the first well to be drilled by the Company on Eugene Island Block 28. The planned total vertical depth of the well is 12,500 ft and is expected to take 30-40 days to drill and complete. The current infrastructure currently located on Block 28 should allow for all production to be available for...
Universal Holdings Closes Acquisition and Enters Domestic North American Oil and Gas Market
Universal Holdings announced that on September 21, 2009, the company purchased 100% of the outstanding membership units of Coronado Acquisitions, LLC. In connection with this acquisition, Universal has satisfied a promissory note issued by Coronado Acquisitions, LLC in the principal amount of $3,250,000 by issuing 2,100,000 restricted shares of its common stock to the Noteholders. Coronado is a development...
Credo Petroleum Announces Drilling on Its First Horizontal Bakken Well
Credo Petroleum Corporation, an oil and gas exploration and production company with significant assets in the Mid-Continent and Rocky Mountain Regions, today provided an update on its horizontal Bakken drilling project. Credo entered the horizontal Bakken oil play in 2008 as part of its ongoing strategy to focus on developing oil production and reserves. To date, the company has acquired 6,100 gross...
American Energy Resources Discovers Mid-Continent Oil in Gove County, Kansas
American Energy Resources, an established industry player in the mid-continent region for oil and gas exploration and drilling, announced the discovery of significant oil. The oil well, christened Bonita Springs 4A is located eight miles southeast of Oakley in Gove County, Kansas. This is the second oil well to successfully produce resources for American Energy Resources within the last month. “This...
Galahad Metals Inc.: Montrose Gold Project Advanced to Drill Stage
Galahad Metals Inc. report positive results from a recent geophysical survey that has increased the potential on its Montrose Gold Project which is located along the prolifically mineralized Larder Lake – Cadillac Break. The recently completed induced polarization (I.P.) survey, as follow-up to a soil survey in late 2008, outlined several corridors of enhanced conductivity values which may be...
Cobalt International Energy and Sonangol Forge Major Partnership
Cobalt International Energy, L.P. and Sonangol, E.P. jointly announced the formation of a major partnership in the deepwater Gulf of Mexico and the deepwater offshore Angola. Cobalt will assign 25% of its working interest in 11 Gulf of Mexico deepwater leases to the U.S. subsidiary of Sonangol P&P, Sonangol Exploration and Production International Ltd. Additionally, Cobalt and Sonangol have agreed...
ViaLogy Technology Delivers Large Oil Find
ViaLogy announces that its QuantumRD(TM) oil exploration technology and service has been credited with locating a major new oil deposit on the Galba Prospect in South Central Texas. The success marks the operational and commercial validation of the company’s software-based seismic interpretation service for oil and gas reservoir discovery and characterization. The technology accurately predicted...
Lake Victoria Mining Company Begins Drilling at Geita Gold Project, Tanzania
Lake Victoria Mining Company has commenced the initial drill program on its 43 square kilometer Geita gold property in northern Tanzania and the first assay results will come out in the next 3 weeks. Stanley Mining Service (T) Ltd has been contracted to drill approximately 6000 meters of Reverse Circulation (RC) drill holes. The program is scheduled to last for two months and consists of 35 or more...
Mariner Energy Announces Three Discoveries in the Gulf of Mexico
Mariner Energy Inc. announced drilling success at three exploration wells in the Gulf of Mexico: Heidelberg #1 on Green Canyon Block 859, Bushwood #1 (formerly Geauxpher #3) on Garden Banks Block 463, and Smoothie #2 on South Timbalier Block 49. Heidelberg and Bushwood are deepwater wells located in water depths of approximately 5,000 feet and 2,700 feet, respectively. Smoothie, a deep shelf prospect...
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