Norwood Resources Ltd. announces that testing of the Maderas Negras and San Bartolo wells in Nicaragua was terminated on October 23, 2008. The Company reports that the testing program recovered noncommercial flows of oil in both wells. Tests were impeded by various problems and inaccurate identification of moveable oil from well logs. The Company plans [...]
Infinity Energy Resources, Inc., an independent oil and gas exploration and development company, today announced that it has entered into a Third Forbearance Agreement (”the Agreement”) dated October 16, 2008 with Amegy Bank, N.A. (”Amegy”) under the Loan Agreement dated January 9, 2007, as amended and supplemented (the “Loan Agreement”).
“We are very pleased that Amegy [...]
Central Sun Mining Inc. announces that the proposed US$22.5 million term loan facility has been declined by the financial institution. Recent conditions in the global financial markets which have deteriorated significantly resulted in the loan being declined.
Peter Tagliamonte, President and CEO commented, “Central Sun is disappointed that the financial institution was unable, due to the [...]
Infinity Energy Resources, Inc., an independent oil and gas exploration and development company, today announced that the regional government council of the Autonomous Region of the Southern Atlantic (”RAAS”) voted to approve the Company’s offshore Nicaraguan exploration and development contracts on July 4, 2008.
“This represents the achievement of a critical objective in our quest [...]
President Hugo Chavez said Sunday that Venezuela hopes to gradually sell off its refineries in the United States and build a new network of refineries in Latin America, part of a plan to offer his leftist allies in the region a stable oil supply.
Chavez also raised the idea of issuing a regional bond to raise [...]
Polaris Geothermal Inc., a renewable energy geothermal power producer, is pleased to announce that its subsidiary, Polaris Energy Nicaragua (”PENSA”), has entered into well drilling contracts for the drilling of production and re-injection wells to triple its generation capacity at the San Jacinto geothermal field in Nicaragua.
The first of the contracts was entered into with [...]
Battle Mountain Gold Exploration Corp. is pleased to announce that it has retained National Bank Financial Inc. as its Sponsor in support of the Company’s application to list its shares for trading on the Toronto Stock Exchange (“TSX”). Battle Mountain has chosen the TSX to list its shares for their worldwide preeminence in the gold [...]
Glencairn Gold Corp. announced that it has initiated a CDN$2.5 million exploration program at its Nicaraguan gold properties. The program will focus on the Limon Mine and the Mestiza Project as well as the Libertad Mine, where there has been no exploration since 1998.
“We are pleased to be starting the exploration program for all three [...]
Infinity Energy Resources, Inc. announced that it will host a Corporate Operations Update conference call on Tuesday, January 23, 2007 at 2:00 p.m. Eastern Time.
Webcast / Conference Call
The Company announced that it will host a conference call at 2:00 p.m. Eastern Time on Tuesday, January 23, 2007, in order to give investors a Corporate Operations [...]
Infinity Energy Resources, Inc. announced that its President and Chief Operating Officer, James A. Tuell, will present at the 2006 Oil & Gas Investment Symposium West (OGIS) hosted by the Independent Petroleum Association of America (IPAA), to be held October 3-5, 2006 at The Palace Hotel in San Francisco. Infinity has presented at the OGIS [...]
