Encanto announces agreement on large new potash property

Encanto Potash Corp. announce that it has signed an Exploration Participation Agreement (EPA) with the Muskowekwan First Nations in Saskatchewan. The Muskowekwan EPA lands are located approximately 100 kilometres north of Regina, and consist of 43,000 acres of gentle rolling plains. Several oil wells drilled all around the Muskowekwan EPA lands have shown potash beds are regionally present in the stratigraphy. “I... 

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Entourage Mining Settles CMKM Lawsuit; Acquires Brazilian Gold Project

Entourage Mining Ltd. announces that the Company has settled its outstanding legal disputes with CMKM Diamonds Inc. and 101047025 Saskatchewan Ltd.. As a result of the settlement, CMKM will return 4,500,000 (pre-consolidation 45,000,000) common shares of the Company which will be returned to treasury for cancellation. These shares were issued in connection with certain property purchase agreements... 

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Additional Coal Applications Submitted to Saskatchewan Government

Micron Enviro Systems, Inc. announce that it has applied for additional coal permits that are contiguous to existing coal permits currently held by the Company. These applications are located within the “Durango Trend” of the coal deposits in Saskatchewan, Canada. This area is the host for the most recent discovery by Goldsource Mines Inc., whose stock price rose from $0.30 to over $19/share... 

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High Probability of Potash-Bearing Beds Underlying the Eyehill Creek Property

Canasia Industries Corporation has engaged Boyd PetroSearch of Calgary, Alberta for the analysis of the pre-existing seismic data on lands presently within the Eyehill Creek Property. Boyd PetroSearch is a national leader in seismic analysis, specializing in mapping potash zones for risk analysis and mine planning. The interpretation of the data is expected to be completed in the Second Quarter of... 

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Eagle Rock Exploration Enters into Formal Agreements to Acquire Private Oil & Gas Companies

Eagle Rock Exploration Ltd. announces that it has entered into formal binding agreements for the arm’s length acquisition of the outstanding shares of three private oil & natural gas companies for an aggregate cash consideration of $4.5 million. The purchase price is comprised of approximately $4.1 million for petroleum and natural gas interests and $0.4 million for working capital. No debt... 

Mogul Energy International, Inc. Announces It Has Spudded Its First Well

Mogul Energy International, Inc. announces that the company has commenced its drill program involving the Walpole properties located in southeastern Saskatchewan. Mogul Energy representative has confirmed that the first well has been spudded successfully. The first well is to be drilled to a total depth of 1100 meters testing the Torquay, Souris Valley and Bakken Formations. The company has also announced... 

Epsilon Energy Ltd. Updates Its Shares Purchased to Date Under Its Normal Course Issuer Bid

Epsilon Energy Ltd., announced that it had purchased 1,000,000 of its Common Shares through a combination of open market and block trades at an average cost of $0.83 per Common Share between October 1, 2008 and November 7, 2008. Under terms of the Normal Course Issuer Bid approved by the Toronto Stock Exchange (“TSX”) on September 29, 2008, Epsilon may purchase up to a total of 2,000,000... 

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Mogul Energy International, Inc. Announces Its Saskatchewan Exploration Program Will Begin Drilling

Mogul Energy International, Inc. announced its plans to begin drilling on the exploration program involving the Walpole properties located in eastern Saskatchewan. Mogul has contracted the company CODECO to complete this drill program. Mogul Energy representative stated, “The licensing on the first drill location is complete and we expect the second drill location licensing process to be complete... 

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Claude Resources Announces Agreement To Sell Certain Oil and Natural Gas Assets

Claude Resources Inc. announces that it has entered into a Purchase and Sale Agreement with a private Canadian corporation, pursuant to which the Purchaser has agreed to purchase a majority of the oil and natural gas assets owned by Claude. If all of the assets subject to the Purchase and Sale Agreement are ultimately sold to the Purchaser, the purchase price will be $19.4 million. Closing of the transaction... 

Reece Energy provides Bakken drilling update

Reece Energy Exploration Corp. to announce that it has participated in the drilling and completion of three (0.5 net) Bakken wells in the Forget field in south east Saskatchewan. The operator, Crescent Point Energy Trust, has finished drilling three of four gross wells that Reece will have an interest in. Drilling of the fourth well has begun. The wells are currently being fractured, completed and...