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PetroFrontier Announces Mobilization of Ensign Rig 918 to MacIntyre-2 Well

PetroFrontier has reported that Ensign's Rig 918 is now being mobilized to the MacIntyre-2 well site, situated in EP 127’s northeast corner in Southern Georgina Basin of Northern Territory. Ensign drill equipment is expected to be onsite by early June 2012. The company may resume operational activities at the Southern Georgina Basin during June, 2012.

31 May 2012

Lifting Force Majeure by BP Marks Significant Milestone on Libyan Exploration

Force Majeure, which has been enforced since 21 February 2011, has been lifted by BP with respect to the company’s Libyan Exploration and Production Sharing Agreement (EPSA) signed with the National Oil Corporation (NOC), which was effective from 15 May 2012.

31 May 2012

Dr. Gerald Bailey Says Oil Prices Will Reach a Breaking Point

On an interview with FutureMoneyTrends.com, Dr. Gerald Bailey said that the price of oil will not be cheap in future.

30 May 2012

IFQC Ranks Top Countries Showing Sulfur Limits in On-Road Diesel

The International Fuel Quality Center (IFQC) has declared that Top 100 countries have been ranked based on their limited use of sulfur in on-road diesel and identified that 44 countries can boast that their on-road diesel fuel is the world’s cleanest fuel.

30 May 2012

2012 Drilling Starts On Miranda’s Ester Dome Project, Alaska

Miranda Gold Corp. is pleased to announce that Agnico-Eagle (USA) Limited ("Agnico"), a wholly owned subsidiary of Agnico-Eagle Mines Limited has started its 2012 drilling program on Miranda's Ester Dome project located in the Fairbanks mining district of Alaska.

29 May 2012

Continental Nickel Provides Exploration Update on Nachingwea Project

Canadian company Continental Nickel has provided an update regarding its exploration in the Nachingwea project. The project is a 75:25 joint venture between IMX Resources and CNI and the exploration programme is worth $10 million.

29 May 2012

Zenyatta Ventures Announces Significant Graphite Assays from Albany Deposit

Zenyatta Ventures has reported the significant assay results of the present drill program carrying out at the Albany Graphite deposit.

28 May 2012

$37.75 Million Bakken Shale Royalty Acquisition For Noble Royalties Inc.

Noble Royalties, Inc. has closed on the acquisition of producing oil and natural gas royalties in seven North Dakota counties from an undisclosed seller.

26 May 2012

Local Forest Fires Cause Temporary Suspension Of Milling Operations For Brigus Gold

Brigus announces that severe forest fires have caused a power outage at the Company's Black Fox Mill, located approximately 30 kilometres east of Timmins. This has resulted in the temporary suspension of milling operations and gold production. The power outage occurred yesterday and power is expected to be restored early next week.

26 May 2012

Terraspark Unveils First Advanced Automated Fault Extraction™ On NVIDIA Gpus At EAGE 2012

At the European Association of Geoscientists and Engineers' 74th Conference and Exhibition, TerraSpark Geosciences LLC will be previewing its new GPU-enhanced Advanced Automated Fault Extraction (aAFE) solution, one of the company's flagship technologies and a core component of the Interpretation Intelligence concept. The presentations will take place in the NVIDIA / HP booth 186.

25 May 2012