BreitBurn Energy Partners L.P. announced today that it has completed the acquisition of oil properties located in Park County in the Big Horn Basin of Wyoming for approximately $93 million from Legacy Energy, Inc., a wholly-owned subsidiary of NiMin Energy Corp, subject to post-closing adjustments. The acquisition was originally announced on April 25, 2012.
Victory Resources Corp. is pleased to announce that it has entered into an agreement with GEM Global Yield Fund Limited ("GEM") for a $5.0 million CDN financing commitment. Funds raised through this facility will be used for the ongoing drill program and the subsequent engineering work to bring the Reforma mine to feasibility. Funds will also be used for the development of the Company's recently optioned Boleo property in Mexico, the Toni property located near Merritt, B.C., as well as general working capital.
Baby All Corp. On May 17, 2012, as previously announced, Baby All Corp., a Delaware corporation, changed its name to Santa Fe Petroleum, Inc. ("Santa Fe") with the Secretary of State of the State of Delaware. The name change reflects Santa Fe's business strategy and sole focus of acquisition, exploration, production and development of oil and gas properties. Santa Fe Petroleum will now begin preparing properties for drilling.
Dutch Gold Resources, Inc. is pleased to announce that it has reached a definitive joint venture agreement with its partner in Nicaragua. The Company also announced that it has completed the ore extraction and collection of its previously announced bulk sampling program.
Amarc Resources Ltd. announces that field evaluation of five extensive, sulphide mineralized systems defined in 2011 by Induced Polarization (IP) ground geophysical surveys has commenced at its 100%-owned Galileo Project, located in south-central British Columbia (BC). The approximately 990 square kilometre Galileo property lies 16 kilometres west of New Gold's seven million ounce-plus bulk tonnage gold discovery at Blackwater and proximal to the notable gold-silver deposits at Capoose and 3Ts.
Mahdia Gold has declared that two further diamond drill rigs has been mobilized in order to complete 6500 m of twin and confirmatory drill program along the Wenot Trend, located in Guyana.
OPEC, the Organization of the Petroleum Exporting Countries, has honored Professor Øystein Noreng from the BI Norwegian Business School with the research award 2012 for his lifetime academic work in the petroleum and energy economics field.
Helmholtz Alliance LIMTECH, a new research alliance, has been created by the Helmholtz-Zentrum Dresden-Rossendorf (HZDR) along with the Karlsruhe Institute of Technology (KIT) to develop liquid metal technologies.
Victory Resources Corp. is pleased to announce that it has entered into an agreement with GEM Global Yield Fund Limited ("GEM") for a $5.0 million CDN financing commitment. Funds raised through this facility will be used for the ongoing drill program and the subsequent engineering work to bring theReforma mine to feasibility. Funds will also be used for the development of the Company's recently optioned Boleo property in Mexico, the Toni property located near Merritt, B.C., as well as general working capital.
Texas Rare Earth Resources Corp., a rare earths mineral exploration and development company, announced today the release of its preliminary economic assessment (PEA) for the Company's flagship Round Top rare earth minerals project in Hudspeth County, Texas.
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