Emerging Capital Partners (ECP), an international private equity firm focused on investing across the African continent, today announced a U.S. $30 million initial investment in Salt Investment S.A. (SI). The company is a new Djibouti-based salt production and export company that will harvest, wash and export salt extracted from Lake Assal, the largest undeveloped salt [...]

Hyperdynamics Corporation announced that its Louisiana based oil production operations reported gross oil sales of approximately 15,592 barrels for the 4th quarter ending June 30, 2008. The Company’s revenue derived from this production is approximately $1,260,000. This sets a new production record and represents the highest quarterly revenue ever for the company.
June oil sales held [...]

The Board of Directors of Uranium International Corp. has appointed Marek J. Kreczmer as the President/Chief Executive Officer and a member of the Board of Directors of Uranium International effective as of July 9, 2008.
Mr. Kreczmer, M.Sc., P.Eng., has been a geologist and mining executive for more than 30 years. He has worked for major [...]

Trico Marine Services, Inc. (NasdaqGM:TRMA) (the “Company” or “Trico Marine”) announced that the Company’s registration statement on Form S-3 (SEC File No. 333-151666), relating to (i) Trico’s previously issued $300 million aggregate principal amount of 6.50% Senior Convertible Debentures due 2028 (the “convertible debentures”), (ii) up to 7,422,069 shares of Trico Marine Common Stock issuable [...]

Occidental Petroleum Corporation announced an agreement with SandRidge Energy to develop a West Texas hydrocarbon gas processing plant and related pipeline infrastructure that will provide carbon dioxide (CO2) for use in Oxy’s enhanced oil recovery (EOR) projects. The new CO2 resources are expected to expand Oxy’s Permian production by a minimum of 50,000 barrels [...]

Pan African Mining Corp. (CDNX:PAF.V) (Other OTC:PAFRF.PK) (Frankfurt:P2A.F) (the “Company”) is pleased to announce the closing today of the Plan of Arrangement and related transactions (the “Plan of Arrangement”) contemplated by the Arrangement Agreement dated May 9, 2008, as amended June 17, 2008 (the “Amended Arrangement Agreement”), among Asia Thai Mining Co., Ltd. (”ATM”), 0819615 [...]

Dimension Resources Ltd. said it failed to get approval from the South African Reserve Bank to acquire a diamond-mining business in South Africa.
The company also said it did not get a company that produces oil for bio-diesel as it could not secure title to company’s assets.
The company reported it widened its full-year pretax net loss [...]

Wachovia Capital Markets analyst Tim Curran says in a note to investors that Transocean will lease-purchase and manage a newbuild drillship that Brazil’s Petrobras is building to use for projects offshore the West African nations of Angola and Nigeria.
Curran says Transocean will run the drillship under a 10-year contract, with an option for a [...]