Shares in Central Petroleum are higher this morning after the company announced the discovery of coal intersections at a Northern Territory exploration permit.
The company said, in a letter to the Northern Territory Government, that the 100 metre thick coal intersections at its EP 93 permit could be commercialised through either a coal bed methane project or an underground coal gasification project.
The coal find is in the precinct of the Perdika Basin, located on the border between South Australia and the Northern Territory.
The announcement came after Central announced that joint venture partner Petroleum Exploration Australia had paid it $4.8 million in outstanding cash calls and interest relating to nine permits, including EP 93. Read more
The National Mineral Development Corporation (NMDC), a Navratna central public sector company under the Steel Ministry, today joined hands with West Bengal Mineral Development and Trading Corporation Limited (WBMDTC) to explore and mine the two billion ton Deocha-Pachami coal block in Birbhum district.
An MoU was signed in this regard here in presence of Steel and Chemicals and Fertilisers Minister Ram Vilas Paswan, Chief Minister Buddhadeb Bhattacharjee and State Industries Minister Nirupam Sen among others.
The MoU paved way for the geological exploration of the deposit to establish the technical and commercial viability of the project. A joint venture company between NMDC and WBMDTC will be incorporated later to carry the project forward.
Speaking on the occasion, Mr Paswan said NMDC was on a fast track expansion and diversification mode with plans to acquire more mining leases in iron ore, coal, diamond etc and setting up pelletisation plants in Bailadila and Donimalai and also an integrated steel plant in Chhattisgarh. Read more
Sultan Minerals Inc. (TSX VENTURE:SUL)(FRANKFURT:RZN) (“Sultan” or “The Company”) is pleased to report assay results for 13 diamond drill holes, ES08-02 through ES08-14, on its 100% owned Jersey-Emerald tungsten-molybdenum property in southern British Columbia. The 13 holes explored the East Emerald Tungsten zone, a sizeable body of low-grade, bulk tonnage, tungsten mineralization discovered by drilling in 2006 and 2007 (see News Releases of Jan. 17, 2007 and April 15, 2008). Results are very favourable. The holes confirm continuity between the previous wide spaced drill holes and show extensions of the mineralization to the north and west.
The most striking tungsten intersections were obtained from Hole ES08-13 which carried 0.24% WO3 over a core length of 105.4 feet and Hole ES08-07 which carried 0.46% WO3 over a core length of 17.4 feet. Significant intersections from holes ES08-02 through ES08-14 are given in the following table:
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DRILL-
HOLE GRID GRID AZMTH FROM TO WIDTH WO3 MoS2
NUMBER North East /DIP (feet) (feet) (feet) (%) (%)
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ES08-02 9543 7990 115/-45 341.00 372.50 31.50 0.07
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and 392.90 394.40 1.50 0.20
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and 394.40 402.80 8.40 0.11
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and 498.80 503.15 4.35 0.64 0.16
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and 646.00 661.30 15.30 0.10
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Canadian Energy Services L.P. (“CES” or the “Partnership”) (TSX:CEU.UN) would like to announce the following management change.
Mr. Tom Simons, President and CEO of Canadian Energy Services L.P., is pleased to announce that Mr. Craig F. Nieboer has been appointed as the Chief Financial Officer of Canadian Energy Services Inc. (“CESI”), the general partner of the Partnership, effective November 17, 2008.
Mr. Nieboer is a Chartered Accountant with over 20 years experience in Senior Financial/Management positions with internationally recognized companies including Amerada Hess and Ivanhoe Energy Ltd. Most recently Mr. Nieboer was CFO of BrazAlta Resources Corp, a TSX Venture listed issuer, which is both a junior exploration and production company and owns and operates a drilling services subsidiary in South America. With his broad base of international experience and financial leadership we welcome the contribution that Mr. Nieboer will bring to the Partnership. Read more
NOT FOR DISSEMINATION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.
NSE-A4 appraisal well (60-per-cent working interest and operator)
The NSE-A4 appraisal well was completed and put on production at a rate of approximately 830 bopd (0.05% water cut) after a number of difficulties related to the severity of the fracturing of the main volcanic reservoir which resulted in the loss of over 64,000 barrels of drilling fluid while attempting to complete the well on three side tracks. In the final completion, the production liner was unable to be set through the reservoir section after encountering an obstruction above the reservoir interval. A drill bit was attached to the end of the production tubing and drilled through to the top of the main reservoir. This production rate is noteworthy given that oil is being produced through production tubing with a drill bit still attached to the end of the tubing.
NSE-D1 appraisal well (60-per-cent working interest and operator)
After the installation of a larger diameter tubing pump, NSE-D1 is currently producing at an increased stabilised rate of approximately 1,063 bopd with an average water cut of approximately 0.28%. Read more
NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES.
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Reef Resources Ltd. (“Reef” or the “Company”) (TSX VENTURE:REE) announces that it has revised its previously announced (November 5, 2008) non-brokered private placement offering (the “Offering”) to up to a 20,000 units (“Units”) of the Company at an issue price of $250 per Unit for gross proceeds of up to $5,000,000. This represents a maximum of 62,500,000 shares at $0.08 per share.
Each Unit will be comprised of 2,500 “flow-through” common shares (representing 80% of the Unit), 625 non flow-through common shares (“Common Shares”) (representing 20% of the Unit) and 1,562.5 Common Share purchase warrants (“Warrants”). Each Warrant will entitle the holder thereof to purchase one Common Share at a price of $0.20 per share until the date that is twelve months from the date of closing of the Offering. Read more
It’s now been ten days since sixty Shawano residents were told they’re potential victims of federal crimes.
At a press conference Friday, the Shawano police chief said authorities believe members of the Samanta Roy Institute of Science and Technology targeted people who have stood in their way, but he also asked fearful residents to be confident in their investigation.
But Chief Ed Whealon also acknowledges that the community’s on edge, despite a person of interest being monitored by local law enforcement and the FBI. He stresses, however, that they believe only three people on the list appear to have been targeted for violence.
“The remaining persons on the list are identified as persons who SIST believes has caused them problems in the past and have not been identified as persons in danger of physical harm,†Chief Whealon said.
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