Mining, Oil & Gas News & Blog

Entries for February 2013

28
Edge Resources initiates drilling programme to further develop new pool piscoveries
Edge Resources Inc. ("Edge" or the "Company") is pleased to announce that it has moved a drilling rig and spudded the first of several planned drilling locations in Primate, Saskatchewan.

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27
MGM Energy announces completion of drilling of Canol shale oil well and commencement of testing phase
MGM Energy announces that the East MacKay I-78 well has been drilled, cored and logged and is anticipated to be rig released on February 25, 2013. The vertical well reached a total depth of 2,000 metres.

[Read More]

26
WesternZagros Resources Ltd has spudded the latest well of its extensive exploration and appraisal program in the Kurdistan Region of Iraq. Drilling began on the Kurdamir-3 appraisal well on the Kurdamir Block on February 22, 2013. 

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26
Sterling Energy 2D seismic data in the Sangaw North in 2012 indicated low potential drilling a second exploration well
Sterling Energy Plc, with interests in Africa and the Middle East, announced that the Sangaw North Production Sharing Contract (“PSC”) in Kurdistan had indicated that the remaining potential is insufficient to justify drilling a second exploration well in the contract area. 

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24
Solo and Aminex look for farm-out partners in Tanzania & Mozambiqe Mnazi Bay
Aminex and Solo Oil have announced their intention to farm-out up to 50 per cent of their respective working interests in the Ruvuma PSA in Tanzania. The two companies entered into a Vendor Collaboration Agreement that has led to investment bank FirstEnergy Capital's appointment to manage the farm-out on the PSA, which covers an area measuring 6,079 sq km on Tanzania's border with Mozambique.

[Read More]

24
Australian MZI Resources on track for mineral sands project finance approval in March
Mineral sands focused MZI Resources has successfully completed due diligence for project finance for its flagship Keysbrook mineral sands project in Western Australia, paving the way for the company to finalise finance in March. 

[Read More]

23
It was a good year for Pluton with first shipment of Iron Ore from Cockatoo Island in Dec 12
Last year Pluton had a log of good news with Pluton's First Loading A Success A month after mining operations resumed at Cockatoo Island, Pluton has reached a significant milestone with its first shipment of iron-ore successfully completed.  

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21
Condor Petroleum earlier announced an oil discovery on the Kiyaktysai KN-E-201 well
Condor Petroleum Inc. ("Condor" or the "Company") (TSX:CPI) earlier in the month announced an oil discovery on the Kiyaktysai KN-E-201 well at the Zharkamys West 1 Territory ("Zharkamys") in Kazakhstan.

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20
Circle Oil Plc provides general operating update for 2012 and 2013 programmes
Circle Oil Plc (AIM: COP), the international oil and gas exploration, development and production company, is pleased to announce the following update regarding its operations and forthcoming work programmes for 2013 in its operational areas of Morocco, Egypt, Tunisia and Oman.

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20
Salamander Energy announces that the first four wells of the current sixteen  on the Bualuang oil field, Gulf of Thailand are now in production
Salamander Energy plc announces that the first four wells of the current sixteen well development drilling programme on the Bualuang oil field, Gulf of Thailand are now in production and have been performing ahead of pre-drill expectations. The wells are all being drilled from the Bravo platform using the Atwood Mako rig.

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20
Dejour Energy provides an update on field operations at its Woodrush oil production facility
Dejour Energy is an independent oil and natural gas exploration and production company operating in North America's Piceance Basin and Peace River Arch regions, today provides an update on field operations at its Woodrush oil production facility, Northern BC and its Piceance properties in Western Colorado.

[Read More]

19
Victoria Oil & Gas says Cameroon gas project will generate significant earnings
Victoria Gas and Oil is the AIM-listed company reported that it had raised £23m of equity and was fully funded to meet its long-term corporate objectives to monetise the Logbaba Gas discovery and to meet its production target for 2013.

[Read More]

19
StratMin Global Resources landmark as it makes its first graphite delivery
StratMin Global Resources (LON:STGR) chairman Gobind Sahney says the firm is a "first mover" in the graphite space and believes the company is undervalued compared to sector peers.

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18
Amur Minerals Corporation expands Kubuk nickel and copper anomaly
Amur Minerals Corporation earlier this month expanded the strike of the Kubuk nickel and copper anomaly at the Kun Mani licence in Russia by 50 per cent.  The exploration and resource development company made the announcement in its results of last year's soil and rock chip sampling programme at the licence.

[Read More]

18
Leyshon Resources to accelerate Chinese drill plans for China’s prolific Ordos basin
The China focused gas explorer now plans to drill up to six wells in 2013, in a US$20mln programme. It also plans to carry out 300 kilometres of 2D seismic.

[Read More]

18
Dart acquires highly prospective exploration licence in NSW Australia& sees 2013 as ‘critical for Indonesian CBM
Dart Energy will make a modest cash payment to Arrow Energy that reflects the status of the licence, the level of understanding of its resource potential and that Dart Energy is assuming all outstanding licence obligations

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17
Kenya to Offer Nine Oil and Gas Licenses by April
Kenya will offer as many as nine oil and gas exploration licenses in the first quarter, said Patrick Nyoike, an official at the Energy Ministry.

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16
Range Resources Limited announces Trinidad update with respect to the Company’s Trinidad operations
Range Resources Ltd - has made an apparent discovery of a new oil reservoir in the Middle Cruse section between 3,490 – 3,540 ft. measured depth. Open hole logs indicate 50 ft.

[Read More]

16
Painted Pony Petroleum Canada - provides operations update on Montney gas and light oil projects
Painted Pony Petroleum of Canada's survey indicated that the upper Montney interval was contributing 47% of the combined wellhead flow. Painted P...

[Read More]

15
Norwegian Energy Company ASA (Noreco) rovide operational update
Noreco yesterday announced a successful unsecured bond issue of NOK 300 million. The rationale for the transaction was to take advantage of the good bond market to create flexibility and increase the liquidity buffers of the company. 

[Read More]

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