Saxon Oil Company Ltd. has received a new field designation from New Mexico regulatory authorities for its Eumont State No. 1 oil discovery in Lea County, New Mexico. New Mexico designated the Eumont well as the discovery well in the Urssey Tank: Yates-Seven Rivers Pool. Special pool rules are in effect from the date of [...]
Uranium Resources, Inc., a uranium exploration, development, mining and production company, today announced that the Mining and Minerals Division of the New Mexico Energy, Minerals and Natural Resources Department granted URI a permit to conduct exploratory drilling in the Ambrosia Lake area, where the company has approximately 2.4 million pounds of mineralized uranium material combined [...]
XTO Energy Inc. announced production results from wells drilled in multiple regions on its newly acquired property base. In the Bakken Shale play of North Dakota, the Company has now completed 5 wells with average production rates of 673 barrels of oil equivalent per day, primarily producing from the Middle Bakken shale section. In addition, [...]
WW Oil & Gas Inc. have tabulated the returned voting forms regarding the takeover offer from Texas based Paco Oil & Gas Inc. The deadline to return share certificates and vote on the offer expired October 31, 2008. The majority of WW Oil & Gas Inc. shareholders have voted in favor of the Paco takeover [...]
On October 31, 2008, High Desert Gold Corporation provided an update on the unsolicited take-over bid by Northern Financial Corporation to purchase all of the issued and outstanding common shares of HDG at a price of Cdn$0.19 per share. The Company confirmed that Northern has commenced its take-over and filed its offer and [...]
Galway Resources Ltd. announce that it has entered into an option agreement with Rio Tinto Mining and Exploration Corporation (Rio Tinto) to acquire 100% interest in nine coal concessions totaling 7,500 hectares, roughly 50% of the previously drilled San Louis Coal basin located in Santander, Colombia. The project will be known as Carboluis.
“We are pleased [...]
FieldPoint Petroleum Corporation announced completion of a gas test well in South Texas. The well is flowing in the Middle Wilcox formation.
FieldPoint’s President and CEO, Ray D. Reaves said, ”FieldPoint and its industry partners are excited to have this successful completion on schedule. I believe the initial results support drilling a second well on this [...]
Entree Gold Inc. has commenced drilling on the western target at the Lordsburg, New Mexico copper-gold porphyry project. The Lordsburg project is located within a southeast-trending belt which hosts several large current and past copper producers, including Freeport McMoran’s Morenci, Tyrone, Chino and Safford operations.
The budgeted drill program is planned to include 2,700 metres (8,850 [...]
Orbit Petroleum announces that effective October 20th, 2008 the Board of Directors has named Mike Myers as President of Orbit Petroleum, Inc. and President of the Company’s wholly owned subsidiary, Orbit Petroleum, Inc., Oklahoma, which is currently under a petition for reorganization under Chapter 11 of the United States Bankruptcy Code in Federal Court in [...]
FieldPoint Petroleum Corporation announced that on October 6, 2008, its Board of Directors authorized the Company to repurchase shares of its Common Stock at an aggregate cost not to exceed $150,000. Stock purchases may be made in open market or privately-negotiated transactions, if and when management determines to effect purchases. Repurchases shall occur subject to [...]
