Marathon Oil Corporation announced that its Board of Directors has sanctioned two Gulf of Mexico development projects, Droshky and Ozona. The Board approved a total project cost of $1.3 billion for the Droshky development and $300 million for the Ozona development.
“As we continue to strengthen Marathon’s Gulf of Mexico portfolio, the Droshky development will add [...]
Franklin Mining, Inc. Chairman and CEO William A. Petty is pleased to announce that E-MetaVenture, Inc. has joined Franklin in the capacity of advisor on technical and commercial matters as related to GTL, CTL, and other related gas processing technologies.
“E-MetaVenture, Inc, Houston, Texas provides independent consulting, design, and training services to the refining, gas processing [...]
Denbury Resources Inc. announced that an unsolicited “mini-tender” offer is being made by TRC Capital Corporation to acquire up to 4 million shares of Denbury common stock from shareholders at a price of $13.50 per share.
This price represents approximately a 4.2% discount below Denbury’s closing price on the New York Stock Exchange on October 6, [...]
Cambridge Energy Corporation announced that the Company has entered into a joint-venture agreement for production of the Gold River Mine Group, including noted properties with extensive mining histories and precious metal ore bodies that are geologically well documented including The Sun Gold Group, The Big Chief Group, The Oro Cache Mine, The Eagle Mine and [...]
Uranium Energy Corp announce that it has filed two Class I Non-hazardous Waste Disposal Well Applications (WDWA) with the Texas Commission on Environmental Quality (TCEQ) for the Company’s Goliad ISR Uranium Project in South Texas. The on-site wells will be used for the disposal of fluids associated with uranium recovery and aquifer restoration activities. As [...]
ASARCO LLC attorneys announced today at a status conference with the U.S. Bankruptcy Court in Corpus Christi, TX that the Company’s plan sponsor, Sterlite (USA), Inc., has stated that it cannot and will not close the sale transaction under the parties’ existing purchase and sale agreement without a reduction in the $2.6 billion purchase price [...]
Thunder Mountain Gold, Inc. announced that Thunder Mountain Resources, Inc., a wholly-owned subsidiary, has completed their first core hole in its planned exploration program at their South Mountain Mine, Owyhee County, Idaho. The hole (DMEA 2) encountered a zone of mineralization from 656 feet to 705 feet with approximately 40 feet of the core [...]
Arabian American Development Co. provided an update on the effects of Hurricane Ike to its operations. The Company announced that it had sustained no material damage from the hurricane winds or flooding, power has been restored and it has restarted the manufacturing process effective September 17, 2008 at its South Hampton Resource facility. South [...]
Thunder Mountain Gold, Inc., announced that Thunder Mountain Resources, Inc., a wholly-owned subsidiary, is advancing its planned exploration program at their South Mountain Mine, Owyhee County, Idaho. The 2008 program consists of core drilling from the surface and opening the 4,000-foot long Sonneman Tunnel so that underground sample results conducted during the period 1950 through [...]
Uranium Energy Corp announce the successful completion of hydrologic testing in the first production area (PA-1) at the Company’s Goliad ISR Uranium Project in South Texas. The Company has now filed a Production Area Authorization (PAA) Application with the Texas Commission on Environmental Quality (TCEQ). The TCEQ earlier issued a Draft Mine Permit to the [...]
