Australian oil and gas producer Santos Ltd. (STO.AX: Quote, Profile, Research) said on Friday an appraisal well at its Jeruk oil discovery offshore east Java in Indonesia has flowed oil at a stabilised rate of 2,750 barrels a day. The result comes after initial tests on the Jeruk-3 well were...
A cash injection of N$100 million will be needed to save the mining town of Arandis on the west coast from total collapse and eventual ruin. This startling fact became known yesterday during an in-depth New Era interview with the town’s Mayor, Daniel Muhuura. The mayor, a working artisan at Rã¶ssing...
With little corporate news to focus on, London equities took their cue from Wall Street which managed a late rally overnight. The volatile mining and oil sectors made strong gains in London while broker upgrades added to the momentum.
First Nations and CCAMU, Concerned Citizens Against Mining Uranium have held off uranium prospecting on Tribal lands since October, 2006. They continue, but they need help: letters, funds, and activists! Google, Search, Frontenac Ontario Canada Uranium Mining or Sharbot Lake Uranium Mining, Shabot Obaajiwan, or ccamu.com for more info. Viewed:...
Oil jumped a dollar to above $60 on Thursday after OPEC officials said the producer group will cut output by 1 million barrels per day as soon as possible to prop up prices. Top world exporter Saudi Arabia will lower production by 300,000 barrels per day as part of the...
Canada’s Encana Corp. and U.S. oil giant ConocoPhillips said on Thursday they would form a partnership to combine two of EnCana’s oil sands projects with two ConocoPhillips refineries. The companies said together they plan to spend about $10.7 billion to raise production at Encana’s oil sands fields and expand capacity...
The Board of Directors of Canada Southern Petroleum Ltd. announced today that it has waived the application of the Limited Duration Shareholder Rights Plan adopted May 24th, 2006. The Rights Plan was established following the commencement of Petro-Canada’s unsolicited offer for Canada Southern. “The original purpose of the Rights Plan...
Canada Southern Petroleum Ltd. announces that it has received an updated reserve report with an effective date of September 30, 2006 from GLJ Petroleum Consultants, its independent petroleum reserve engineers. The reserves, and associated present value estimated before income tax future net revenue, relating to the Company’s Western Canadian...
Canadian Superior Energy Inc. confirmed that the scheduled refurbishment of the Kan Tan IV semi-submersible drilling rig, that has been contracted to drill three (3) back-to-back Company operated offshore wells, off the east of the Island of Trinidad, for Canadian Superior, is nearing completion. On March 19, 2006, Canadian...
Capital Reserve Canada and It’s Chairman, Mr. Donald Getty, are pleased to announce that further to the Press Release of September 20th, 2006, its wholly-owned subsidiary, Two Hills Environmental Inc., has closed the transfer of Mineral Rights to approximately 2500 acres of land adjacent to its property near Two...
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