Goodrich Petroleum Corporation announced that it has received its fully engineered mid-year 2008 reserve report, completed the acquisition of additional acreage in the Angelina River Trend in Nacogdoches County, Texas and provided a Haynesville Shale activity update.
MID-YEAR RESERVES
The Company has received its fully engineered mid-year reserve report from Netherland, Sewell & Associates, Inc. with an [...]

Teton Energy Corporation announced today that it successfully syndicated its three-year $150 million bank credit facility to a group of four domestic banks. The facility was originally underwritten by JPMorgan Chase Bank, N.A., which will continue to act as the administrative agent on the facility. Joining JPMorgan in the bank group are Royal Bank of [...]

Oil and gas exploration and production company Gasco Energy Inc. said Thursday its bank group agreed to increase the company’s borrowing capacity to $37 million under its $250 million revolving line of credit.
The borrowing base previously was $25 million.
Under the agreement with the JP Morgan-led banking group, the borrowing base will be evaluated semiannually.
The company [...]

‘Mining in the Philippines - Concerns and Conflicts’ Fact Finding Mission to the Philippines Report
Former British Minster for International Development, Clare Short MP, will launch a report, critical of destructive mining practices in the Philippines, at 11am in the Jubilee Room, Westminster Hall, London, on 25th January 2007. A simultaneous launch will be held in [...]

Egypt has signed a memorandum of understanding aimed at restructuring the gold mining sector, which officials predicted could bring in more than 10 billion dollars and reshape the country’s economy.
The MoU was signed by Oil Minister Sameh Fahmy and the International Finance Corporation (IFC), the private arm of the
World Bank group, to replace old mining [...]

The Ghana Chamber of Mines on Wednesday called for an increase in mineral royalties paid to communities from the current nine per cent to 30 per cent to enable traditional authorities initiate more development projects.
The Chamber suggested that the royalties disbursed to the district assemblies should be invested in tangible projects that benefit the entire [...]

After shares of Goodrich Petroleum Corp. pulled back from a multi-year high, two directors at the oil & gas exploration outfit bought stock.
Director Josiah Austin purchased 10K shares at $27.29 on September 20th and 6K shares at $26.46 on September 25th, increasing his holdings to approximately 5.655M shares, or about a 22.7% stake. Meanwhile, Director [...]

Goodrich Petroleum Corp., an oil and gas explorer and producer, said Thursday its bank group approved a boost in its credit facilities to help fund its drilling program in the Cotton Valley trend in Texas.
The company said its bank group approved a $45 million increase in the borrowing base to $150 million, effective immediately. Goodrich [...]