Khan Resources Inc. announced that Western Prospector Group Ltd. has advised that it has irrevocably waived the application of its shareholder rights plan to Khan’s offer to acquire the outstanding shares of Western Prospector (the “Offer”), as it may be amended or varied, in order to allow Khan to take up shares of Western Prospector [...]
Hecla Mining Company has approved a revision to its agreement with Rusoro Mining Ltd. (Rusoro) to extend the date to July 8, 2008, for closing the transaction to sell its subsidiaries engaged in mining and exploring for gold in Venezuela to Rusoro for $25 million. The sale agreement was previously announced on June 19, 2008, [...]
Cheniere Energy Inc., a developer of liquid natural gas-receiving terminals, entered into a domestic marketing agreement for the sale of liquefied natural gas with a subsidiary of JPMorgan Chase & Co.
Financial terms were not disclosed.
The deal provides a framework under which the company’s marketing subsidiary, Cheniere Marketing Inc., sells to JPMorgan liquefied natural gas [...]
The senior vice president of the Eastern region of Key Energy Services Inc., which provides oil drilling services, exercised options for 22,500 shares of common stock, according to a Securities and Exchange Commission filing.
In a Form 4 filed Thursday with the SEC, Phil Coyne reported he exercised the options Wednesday for $10.53 and $15.05 apiece [...]
Newmont Mining Corporation announced that it has acquired 3.88m common shares of Gabriel Resources through open market purchases on the Toronto Stock Exchange, representing approx 1.5% of Gabriel’s outstanding common shares. Newmont holds, in the aggregate as of 2 June 2008, 50.7m common shares, representing approx 19.9% of the outstanding common shares of Gabriel. The [...]
A survey by MasterCard SpendingPulse finds gasoline demand at the pump last week fell 6.8 percent compared with the same week last year.
Study author Michael McNamara said in a phone interview the seasonal lift in gasoline demand that normally happens around this time of year continues to be stalled, possibly due to record high gasoline [...]
President Bush still thinks a bill forcing his administration to temporarily stop buying oil for the country’s Strategic Petroleum Reserve is a bad idea, but he’ll sign it anyway.
“The president is not going to stand in their way on this bill,” said deputy press secretary Scott Stanzel.
The Senate last week voted 97-1 and the House [...]
The chief financial officer of offshore drilling company Ensco International Inc. exercised options for 15,000 shares of common stock, according to a Securities and Exchange Commission filing Tuesday.
In a Form 4 filed with the SEC, James W. Swent III reported he exercised options for the shares Friday for $27.31 to $33.55 apiece and then sold [...]
