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. [...]
On July 6, 2008, Inmet Mining Corporation announced that it intends to make an all-cash offer (the “Offer”) for all of the outstanding common shares of Petaquilla Copper Ltd. (the “Company”) (Toronto:PTC.TO) at a price of $2.00 per share.
Until the Offer is formally commenced and has been reviewed, the Board of Directors is unable to [...]
East West Resource Corporation and its 50% joint venture partner, Eyeconomy Holdings PLC (PLUS: EYE) are pleased to announce that a 20 hole, 2950m (9735 feet) core drilling program has been completed at Marshall Lake. In addition to testing individual shallow electro-magnetic anomalies produced by a VTEM survey, the program also tested deep anomalies beneath [...]
Tres-Or Resources Ltd. is pleased to announce that macro-diamond processing has commenced on the large sample extracted from the Lapointe kimberlite pipe, located about 80 km southeast of Timmins, Ontario. More than 50 tonnes of kimberlite was extracted (see February 11, 2008 news release) and has been shipped to the Stornoway Diamond Corporation (Toronto:SWY.TO) [...]
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” [...]
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 [...]
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 [...]
PACIFIC ASIA CHINA ENERGY INC. announced the closing of the plan of arrangement under which Green Dragon Gas (”Green Dragon”), through its wholly-owned direct and indirect subsidiaries, GREKA China Ltd. and GREKA Acquisitions Ltd. (”GREKA”), acquired all of the Company’s outstanding shares at a price of CDN$0.35 per share in cash, for total cash proceeds [...]
EnerCom, Inc., announced today the lineup and schedule for The Oil & Gas Conference®, http://www.theoilandgasconference.com. In its 13th year, the Conference, held in Denver Aug. 10-14, is the oldest and largest energy investment conference hosted in Denver, showcasing more than 70 companies with a combined enterprise value of more than $500 billion. This premier forum [...]
In response to inquiries, Precision Drilling Trust (”Precision”) clarified today for its unitholders that it will immediately re-approach the board of directors of Grey Wolf, Inc. (”Grey Wolf”) with its June 24, 2008 US$10.00 per share proposal if the merger agreement with Basic Energy Services, Inc. (”Basic”) is terminated.
Precision will await the outcome of [...]
