Manas Petroleum Corp., a Baar, Switzerland based company, today announces its wholly owned subsidiary, DWM Petroleum AG, has signed a Production Sharing Contract (PSC) for Blocks 2 and 3 in Albania. The blocks cover approximately 3,400 km2 (approximately 850,000 acres). The Albanian government was represented by Mr. Genc Ruli the Minister of Economy, Trade and [...]
Tethys Petroleum Limited announced that its AKK16 exploration well has tested gas at a rate in excess of 10.2 million cubic feet per day (MMcf/d) (290.2 thousand cubic metres per day (Mcm/d)). This discovery has now been named the “South-East Akkulka” gas accumulation. Tethys also announced that it has acquired additional drilling and operations equipment.
Exploration [...]
WSP Holdings Limited, a leading Chinese manufacturer of API (American Petroleum Institute) and non-API seamless casing, tubing and drill pipes used in oil and natural gas exploration, drilling and extraction (”Oil Country Tubular Goods” or “OCTG”), and other pipes and connectors, today announced that it established a new wholly-owned subsidiary, Bazhou Seamless Oil Pipes Company [...]
Erdene Resource Development Corp., a diversified resource company, today provided a progress update on the Company’s wholly owned Zuun Mod molybdenum project in Mongolia. Extensive metallurgical, engineering and design work, as well as additional drilling, have been underway since the release of a resource estimate in May 2008.
“Our progress has proven Zuun Mod to be [...]
Manas Petroleum Corporation announces that its wholly owned subsidiary DWM Petroleum AG has entered into a Letter Agreement for the Phase 2 Work Period on August 19, 2008.
DWM Petroleum AG has agreed to permit Santos to commence the Phase 2 Work Program prior to the end of the Phase 1 Work Period.
If Santos does not [...]
Tethys Petroleum Limited announced that the AKK15 well, its latest exploration well in the Akkulka Exploration block in Kazakhstan, has tested gas from the Tasaran sand interval at good rates.
The main Tasaran sand interval was encountered at a depth of 1,791 feet (546 metres) and a 20 feet (6 metre) interval was tested. The well [...]
Grande Portage Resources Ltd. announce the start of its drill program at the Pass Property near Smithers, B.C.
The program commenced on August 9, 2008 and the first hole, PAS-08-01, was completed to a final depth of 63.4 metres. The hole intersected a rusty stained, pyrite-bearing quartz vein from 44.35 metres to 45.11 metres. From 45.11-48.16 [...]
Tethys Petroleum Limited announced that the continuance of the Company from the laws of Guernsey to the laws of the Cayman Islands has been completed on July 17, 2008. The continuance, which was approved by the shareholders of the Company at the annual meeting on April 24, 2008, is described in the management information [...]
Kazakhstan banned the export of all refined oil products, as the energy-rich Central Asian nation grapples with soaring fuel costs.
The announcement, made by Prime Minister Karim Masimov at a government meeting, comes just days after opposition parties called on his government to resign amid what they call a worsening economic climate.
Kazakhstan has huge oil and [...]
South Korea signed a contract Monday to purchase 2,600 tons of uranium worth 400 million U.S. dollars from Uzbekistan between 2010 and 2016, South Korea’s Yonhap News Agency reported on Monday.
The contract was signed after South Korean Prime Minister Han Seung-soo met with his Uzbek counterpart Shavkat Mirziyoev in Tashkent, the capital of Uzbekistan, Yonhap [...]
