Schlumberger Ltd announced that its shares jumped Friday after the oilfield services provider said its second-quarter profit rose 13 percent and issued a bullish outlook. Analysts praised the results. The stock rose $4.72, or 4.9 percent, to $101.50 in late-morning trading.
The Houston-based company said high oil and natural gas prices led to heavier spending [...]

Responding the Nabors’ offering worth $750M, Moody’s investors had it reviewed. It is also said that it placed its “A3″ senior unsecured rating for Nabors Industries Ltd. under review for a possible downgrade after the oil and gas driller announced a senior notes offering. The Bermuda-based company said Thursday one of its subsidiaries, Nabors Industries [...]

Vena Resources Inc. is pleased to announce that the second drill program has commenced at Azulcocha West. An additional 27 drill holes have been designed for a total of 8,000 metres of drilling. Drilling includes targets on the Cantagallo, Recuperada and El Triunfo areas along the southern area of the Azulcocha West property including a [...]

Empire Energy Corporation International announced that, along with its wholly owned subsidiary Great South Land Minerals Ltd. (GSLM), it has signed both a Note for AUD $5 million and a Memorandum of Understanding governing formation of a Joint Venture that could cancel the Note and supply up to AUD $40 million of additional funding.
The Note [...]

Rolling Rock Resources Corporation has closed a non-brokered private placement (the “Private Placement”) with aggregate gross proceeds of $720,000 from the sale of 4,500,000 units at a price of $0.16 per unit (the “Unit”). Each Unit comprised one flow-through common share and one-half of one non-transferable common share purchase warrant (a “Warrant”). Each whole [...]

Radisson Mining Resources Inc., announces the issuance of 238,806 Class A Shares at $0.335 per share in settlement of debt obligations owed to Dale M. Hendrick of $80,000 following the receipt of a final letter of approval by the TSX Venture Exchange (the “TSXV”). These obligations were incurred under a technical consulting arrangement with Mr. [...]

Mar Ked Mineral Exploration, Inc., announces that a 3 for 2 forward split of the Company’s common stock will be effective at the opening of business on July 21, 2008. This action means that for every 2 shares of MKED stock outstanding at the time of the stock split will be converted into three shares [...]

Oriental Minerals Inc. is pleased to announce it has amended payment terms for the acquisition of the Sangdong tungsten-molybdenum project in South Korea. The Company has also secured a $3 million interim loan financing from Longview Capital Partners, its largest shareholder.
Payment terms for the current installment due for the Sangdong acquisition have been amended to [...]

Northgate Minerals Corporation is pleased to report drill results for 34 surface and 59 underground diamond drill holes totalling 33,000 metres, which were completed during the first half of 2008 at the Young-Davidson project near the town of Matachewan in northern Ontario. The purpose of the ongoing diamond drill program is to increase the measured [...]

ReoStar Energy Corp has just published the results of its operations for the Fiscal Year (FY) ended March 31, 2008. The Company’s previous fiscal year-end for 2007 reflects activity only for the three months ending March 31, 2007 due to the accounting treatment of the partnership interests merged into the Company. In certain instances, the [...]