Mining, Oil & Gas News & Blog

Entries for May 2014

27
Aminex expects results of Ntorya-1 seismic in Q3 this year and considers that  production will be transformational
Fully interpreted seismic results from part of the Ntorya-1 discovery in Tanzania are expected in the third quarter of 2014, Aminex (LON:AEX) told its AGM.

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Posted in: Oil and Gas
27
Tangiers Petroleum raised a further US$4mln from investors
Due to disappointing well results the recent fundraising, covers its share of the well costs, as well as the potential of the Tarfaya block in which Tangiers has a 25% working interest -- unusually large for a company of its size.

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Posted in: Oil and Gas
21
Equity Placing Raises approx. US$37.7 million
LekOil completes US$37.7mln share placing for new acquisition of near-term production assets in Nigeria

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Posted in: Oil and Gas
13
TomCo is presenting in Dublin and Manchester as they are moving into crucial construction phase
Paul Rankine, chief executive officer of the oil shale exploration and development company is presenting in Dublin and Manchester as they are advancing swiftly in Red Leaf's and Total's slipstream

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Posted in: Oil and Gas
13
GolfSands Petroleum is on the road next week in Dublin, Manchester and London on a round of presentation
GolfSands is on the road next week and showcasing, as usual, exciting growth stocks in Dublin, Manchester and London going through the opportunities in particular in Morocco

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Posted in: Oil and Gas
08
Mosman Oil & Gas prepares for June drilling in New Zealand
Mosman Oil & Gas completed site preparations for the first two wells of an upcoming drill programme at the Petroleum Creek project, in New Zealand.

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Posted in: Oil and Gas
08
Iran tests foreign interest with oil fair, annual oil and gas fair opened in Tehran on Tuesday
Tehran: Iran’s annual oil and gas fair opened in Tehran on Tuesday, with 600 foreign companies seeking to position themselves for a return to large-scale operations if international sanctions are lifted.

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Posted in: Oil and Gas
08
SLN metals and Mining Edition 2 is out – State of the Market for Mining and Finance.
March-quarter exploration and production results from the resources sector flooded in last week, revealing that while the sector seems to be on its way up, funding remains an issue, especially for explorers.

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Posted in: Mining
06
Falcon Oil and Gas in bullish mood after farm-out deal

Falcon Oil & Gas agreed a farm-out deal for its Beetaloo shale permit in Australia with Origin Energy Resources and Sasol. Each brings something to the table, the Falcon chief executive explains, with Origin bringing operational credibility and Sasol providing plenty of experience of unconventional energy assets.

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Posted in: Oil and Gas
06
TAG receives consent to drill exploration well on Waitangi Hill, targeting fractured source rocks

VANCOUVER, May 5, 2014 /PRNewswire/ - TAG Oil Ltd. announced that the Gisborne District Council has granted TAG consent to drill the Waitangi Valley-1 well (TAG 100%), located in Petroleum Exploration Permit 38348 in the East Coast Basin, New Zealand.

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Posted in: Oil and Gas
06
Solo Oil seeks more data before onshore drilling in Ruvuma

Chief executive of Solo Oil (Neil Ritson,), tells Proactive Investors that it and operator Aminex are acquiring more seismic data in Ruvuma before onshore drilling begins in the region. Ritson says there are opportunities in Ruvuma for medium-sized companies to exploit the 'rather cheaper' development schemes onshore.

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Posted in: Oil and Gas
02
Shanta Gold sees continues bringing costs down further after record output
Michael Houston, CEO Shanta presented at Proactive Investor and discussed the record fourth quarter production and a cost cutting exercise that will make itself felt in 2014, he's looking forward to the year ahead. Mike also details the mine development plan that Shanta is putting in place to further improve shareholder value.

[Read More]

Posted in: Mining
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