NuStar Energy L.P. announced record net income applicable to limited partners of $141.5 million, or $2.60 per unit, for the third quarter of 2008, almost three times higher than the $45.4 million, or $0.97 per unit, earned in the third quarter of 2007. The third quarter 2008 results represent the highest quarterly earnings in the [...]
South Texas Oil Company provided an interim operations update and asset overview. With the appointment of new management in late June 2008, the Company has clearly defined its core operating areas and plans for growing production and reserves.
Overview
South Texas Oil is an independent oil and natural gas exploration and production company with three core operating [...]
Zaruma Resources Inc., (TSX-ZMR), reports that a 2,000 metre drilling programme has started in the Sapo-Carrizo area located 7 kilometres west of the Luz del Cobre copper project, in the Company’s 11,300 hectare San Antonio property (Sonora, Mexico).
As previously reported, a number of targets with oxide copper mineralization have been identified in the Sapo-Carrizo area. [...]
DTN, a leading business information services company focused on agricultural, energy and weather business markets, today announced that Valero Energy Corporation, will use industry-leading DTN TABS(TM) credit and product allocation controls for its rack marketer customers.
Valero’s use of DTN TABS will enable rack marketers to gain complete control over what they are selling and the [...]
Seafield Resources Ltd. reports that a drill was recently mobilized to the Seafield Fire property, optioned earlier this year from Noront Resources Ltd. and is testing the first of several geophysical anomalies located by the earlier airborne survey. The property is located in the “Ring of Fire”, McFauld’s Lake area, Ontario, some 60 km north [...]
Cue Resources Ltd. announce that it has completed its obligations under an earn-in agreement for the acquisition of the remaining 70% of Empresa Minera Transandes Paraguay S.A. that it does not already own. Transandes holds a 231,000 hectare exploration permit covering the Yuty uranium project in south-east Paraguay. As part of the earn-in agreement, [...]
Mexoro Minerals wishes to announce that it has received two technical reports prepared by Apex Geoscience Ltd. on its Cieneguita property and Guazapares property, both located in Chihuahua State, Mexico.
Cieneguita Property
This property was formerly a producing gold mine operated by Glamis Gold Corporation. Historic estimates show that from 1995 to 1998 197,993 metric tonnes of [...]
Abraxas Petroleum Corporation announced that it has received approval on two of its drilling permits in Brooks Draw, Wyoming.
Abraxas anticipates receiving approval on three additional permits during the third quarter of 2008. A rig has been scheduled for mid-August and initial plans are to drill one well at a time with evaluation periods in-between. [...]
Sonterra Resources, Inc. (OTC Bulletin Board: SOTR) announced today that Donald Vandenberg has been named as Chief Executive Officer and President of Sonterra effective as of June 23, 2008. Gary Lancaster has been named as Vice President and Chief Legal Officer of Sonterra as of June 23, 2008.
Michael Pawelek, Sonterra’s current Chairman of the Board [...]
Refining stocks rose as investors took a fresh look at the sector after a Deutsche Bank analyst raised his rating on Holly Corp. and Tesoro Corp.
Analyst Paul Sankey hiked his ratings on Holly and Tesoro to “Hold” from “Sell.” He upgraded the stocks because they were relatively cheap, not because of any major change by [...]
