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Energy -
Oil & Gas
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Written by Warren Nyuli
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Tuesday, 06 January 2009 11:22 |
Stratic Energy Corporation - Successful Drilling of the West Breagh Horizontal Well (42/13-5z) in the UK North Sea
Stratic Energy Corporation (TSX Venture: 'SE', AIM: 'SE') ("Stratic" or the "Company") is pleased to announce the successful drilling of the 42/13-5 and 5z wells on block 42/13 in the United Kingdom North Sea.
The 42/13-5 well was drilled from the same top hole location as the 42/13-3 well drilled during 2007 and targeted the sand sequence seen in the 42/13-3 well. The 42/13-5 pilot hole well encountered 165 feet of sand (approximately 55 feet vertical thickness) consistent with expectations and reached a total depth of 8892 feet. The 42/13-5 pilot hole was cemented back above the reservoir and the 42/13-5z horizontal well was then drilled for a distance of approximately 2500 feet measured depth.
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Mining -
Base Metals
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Written by Editor
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Tuesday, 06 January 2009 11:18 |
Eurasian Minerals Inc. Signs Agreement for the Akarca, Elmali and Samli Projects in Turkey
Eurasian Minerals Inc. (the "Company" or "EMX") (TSX VENTURE:EMX) is pleased to announce it has signed an option and joint venture agreement (the "Agreement") on the Akarca, Samli, and Elmali properties in Turkey (the "Properties"), with a subsidiary of Centerra Gold Inc. ("Centerra"), a Canadian gold mining and exploration company (TSX:CG).
Centerra Agreement: The two companies have entered into an Agreement in which Centerra has exclusive rights to earn up to a 70% interest in the subject Properties in two phases, as given by the following terms and conditions (all amounts are US dollars unless noted otherwise).
- Phase One: Centerra shall have the right to earn a 50% interest by making $5,000,000 in exploration expenditures over 4 years as follows:
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Healthcare -
Nutrascience
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Written by Editor
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Tuesday, 06 January 2009 11:15 |
GLG Life Tech Corporation Begins Operations at Two New World-Record Stevia Processing Plants; Capacity Up 720% From 2008
GLG Life Tech Corporation (TSX:GLG) ("GLG" or the "Company"), a world leading producer of high quality stevia, announces that it has begun operations at two new stevia processing facilities in China. The facilities, currently the two largest stevia leaf processing centers in the world, are located in the cities of Mingguang (Anhui Province) and Dongtai (Jiangsu Province), China where the company's major stevia leaf growing areas are located. The new plants increase the Company's total raw leaf processing capacity from an existing 5,000 metric tons to 41,000 metric tons, an increase of 720%.
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Mining -
Silver / Gold
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Written by Editor
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Tuesday, 06 January 2009 11:12 |
Eldorado Gold Corporation: Efemcukuru North Ore Shoot Drilling Continues to Grow Deposit
Paul N. Wright, President and CEO of Eldorado Gold Corporation ("Eldorado" the "Company" or "we") (TSX: ELD)(NYSE Alternext US: EGO), is pleased to announce results from our first 5 holes testing the North Ore Shoot (NOS) at the Efemcukuru Project in Western Turkey. The program is designed to test the lateral and down plunge extension of this poorly defined third ore shoot in the Efemcukuru system. Drilling is planned to continue throughout the first quarter 2009.
Results are shown in Table 1 and illustrated in a Longitudinal Section. Calculated intervals generally used a 3 g/t gold cut off.
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Energy -
Oil & Gas
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Written by Editor
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Tuesday, 06 January 2009 11:10 |
Petrominerales Resumes Operations at Orito and Las Aguilas
Petrominerales Ltd. ("Petrominerales" or the "Company") (TSX:PMG), a 76.4% owned subsidiary of Petrobank Energy and Resources Ltd. ("Petrobank") (TSX:PBG), is pleased to announce that the strike affecting our production and drilling operations at the Orito field and operations at our Las Aguilas exploration block has been lifted. Ecopetrol, the Orito field operator, has commenced the process of reactivating production from the field. It is expected that Orito production will ramp back up over the next week. We are also mobilizing personnel to the area and plan to recommence drilling and workover operations within the next few days.
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