Jacobs Financial Group, Inc. announced that it has completed the previously announced current interim financing totaling $1,000,000. The financing enabled the corporation to contribute $500,000 to its wholly owned subsidiary, First Surety Corporation (FSC), a domestic surety in West Virginia with inactive licenses in Ohio and Indiana, in anticipation of FSC’s filing its application with [...]
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 [...]
Golden Share Mining Corporation is pleased to provide an update on its on-going exploration programs.
The Company is advancing four projects and intends to execute three drill programs before the end of the year. Golden Share is sufficiently funded to achieve this objective and adequate field personnel are available. A diamond drilling contract has been awarded [...]
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 [...]
Goodrich Petroleum Corporation announced the pricing of its previously announced offering of 3,000,000 shares of its common stock pursuant to a registration statement filed with the Securities and Exchange Commission.
All of the shares offered will be sold at a price to the public of $64.00 per share. Net proceeds from the offering, estimated at $183.9 [...]
Marathon Oil Corporation announced that it has entered into a definitive agreement with Centrica plc, the parent company of British Gas, under which Centrica will purchase Marathon’s non-operated interests in the Heimdal infrastructure, related producing fields and associated undeveloped acreage offshore Norway. The transaction, which has a total value of $416 million and an [...]
El Paso Corporation announced an expansion of the Colorado Interstate Gas Company (CIG) natural gas pipeline transmission system that serves the Raton Basin. CIG’s Raton Expansion will provide approximately 130 million cubic feet per day (MMcf/d) of incremental firm capacity from the Las Animas County, Colo., area of the growing Raton Basin northward along the [...]
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 [...]
Quest Resource Corporation announced the appointment of Thomas A. Lopus as Executive Vice President - Quest Eastern Resource. Lopus will be based in Pittsburgh, Pennsylvania and will direct all of Quest’s natural gas and oil exploration and production activity in the Eastern United States.
With more than 27 years of experience in the oil and [...]
State-owned Saudi Arabian Mining Company (Maaden) yesterday launched an initial public offering to raise 9.25 billion riyals ($2.47bn) in the Middle East’s biggest mining IPO, valuing the firm at $4.9bn.
Maaden plans to sell 462.5 million of stock - equivalent to 50 per cent of its share capital - at 20 riyals each with subscriptions closing [...]
