Cleveland-Cliffs Inc and Alpha Natural Resources, Inc. announced that each company’s Board of Directors has approved a definitive merger agreement under which Cleveland-Cliffs will acquire all outstanding shares of Alpha in a cash and stock transaction valued at approximately $10 billion.
Under the terms of the agreement, for each share of Alpha common stock, Alpha [...]

Abraxas Petroleum Corporation announced that it has received approval on two of its drilling permits in Brooks Draw, Wyoming.
Abraxas anticipates receiving approval on three additional permits during the third quarter of 2008. A rig has been scheduled for mid-August and initial plans are to drill one well at a time with evaluation periods in-between. [...]

U.S. Energy Corp., a natural resources exploration and development company with interests in molybdenum, uranium, oil and gas, gold, and real estate, today announced that PetroQuest Energy L.L.C. (”PetroQuest”) (PQ) has spudded the Bluffs Prospect in Louisiana.
U.S. Energy Corp. is participating in this well as a 20% working interest partner with PetroQuest. This initial well [...]

Sola Resource Corp. The Company is pleased to announce that its 20,000 tonne bulk sampling and testing program on the diamond-bearing Carolina kimberlite pipe near Espigao d’Oeste in the State of Rondonia, Brazil is progressing very well. The bulk-sampling program is currently focusing upon the outcropping saprolitic horizon of altered kimberlite.
As a result of the [...]

Mantis Mineral Corp. is pleased to announce the completion of the first tranche of it previously announced private placement of units at price of $0.23 per unit with Citadel Securities Inc. and HDL Capital Corporation as agents. A total of 6,312,000 units were sold for gross proceeds of $1,451,760. Each unit consists of one “flow-through” [...]

Strathmore Minerals Corp. is pleased to update progress on its uranium mill and tailings design and studies being carried out by the Company for its uranium projects in northwestern New Mexico. The Company and its Joint Venture partner, Sumitomo Corporation of Japan, have made considerable progress in the evaluation of designing and identifying the optimal [...]

Continental Resources, Inc. announced initial results from its Mathistad 1-35H well completed in the Three Forks/Sanish formation in the North Dakota Bakken Shale area. The McKenzie County well, in which Continental has a 40% working interest, is the second that the Company has completed in the Three Forks/Sanish formation in North Dakota.
“The Mathistad 1-35H commenced [...]

Oromin Explorations Ltd. is pleased to announce the receipt of an independent report (the “Santa Rosa Evaluation”) from Aeon Exploration Inc. of Calgary, Alberta (”Aeon”) that provides an evaluation of prospective resources with respect to its 100% owned CCyB-9 Santa Rosa exploration permit and exploitation concession on a property located in the Cuyana Basin in [...]

Storm Cat Energy Corporation provided an update of its operations in the Company’s Arkansas Fayetteville Shale acreage.
The first three of the Company’s 2008 Fayetteville development program wells are now on production and tied into sales, two of which have undergone State of Arkansas Form 13 testing. Each well continues to produce significant volumes of fracturing [...]

GulfMark Offshore, Inc. today announced it has closed on the previously announced acquisition of Rigdon Marine. The combined company will initially operate 90 vessels with an additional 16 vessels under construction for delivery through 2010. Geographically diversified, the GulfMark fleet will operate 24 vessels in the U.S. Gulf of Mexico and bring the total Americas [...]