Samuel Gary Jr. & Assoc., No. 1-4 Wondra etal, 100 feet west, c w/2 ne se of 4-17s-12w; oil well from Arbuckle, interval n/a.

Samuel Gary Jr. & Assoc., No. 1-10 Reif-Wondra, 1870 feet from south line and 1270 feet from east line, sec of 10-17s-12w; oil well from Arbuckle, interval n/a.

Ellis County

Tri United, No. 1 Vine, 3500 feet from south line and 1090 feet from east line, sec of 35-11s-19w; 26 bopd and 58 bwpd from Arbuckle at 3661-3666.

T-N-T Engineering, No. 10 L. L. Austin, 2123 feet from north line and 884 feet from east line, sec of 36-12s-16w; oil well from Arbuckle, interval n/a.

Dreiling Oil, No. 3 Werth, 2190 feet from north line and 920 feet from east line, sec of 4-14s-17w; 45 bopd and 20 bwpd from LKC at 3315-3364. Read more

U.S. Rep. Bob Latta (R., Bowling Green), who leaves tomorrow on a trip to Alaska to promote oil drilling on federal park lands, again yesterday called for a comprehensive energy strategy that would allow more use of oil, coal, and nuclear power.

Mr. Latta, a freshman congressman, said other countries, notably China and India, rapidly are building coal and nuclear plants while the United States is failing to make use of its coal resources and has not built a new nuclear power plant since 1996.

“The No. 1 issue is energy. If we don’t have energy this country is going to fall further and further behind in the world,” he said.

Tomorrow he joins a fact-finding trip from Washington to the Arctic National Wildlife Refuge in Alaska with 10 other congressmen, all Republicans.
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(Dow Jones)- Tough conditions aren’t about to deter Orbit Garant Drilling Inc. – at least at this point. The large Canadian-based drilling company servicing the mining industry is targeting an initial public offering next month, aiming to raise a total of C$60 million through the IPO.

Orbit, which offers underground and surface drilling services through its 116 drilling rigs, plans to raise C$30 million from a treasury offering. Company shareholders also hope to sell another C$30 million worth of stock in a secondary offering. The target price range for the planned issue is C$5 to C$ 5.75 a share, according to marketing material for the issue.

The company was created in 2007 from the acquisition of Forage Orbit Inc. by Forages Garant & Freres Inc. Proceeds from the offering will be used to pay off the company’s existing credit agreement, the purchase price, working capital and for other adjustments in connection with the agreement for the acquisition of Forage Orbit.

The offering comes at a time when the IPO market in Canada has struggled in the face of volatile equity markets, the credit crisis and uncertain economic conditions. In April, there was only one initial public offering on the Toronto Stock Exchange, the country’s main stock market, down from seven a year earlier.. For the first four months of the year, the number was down 19% to 22 while the value of the IPOs had sunk 72% to C$597.9 million. Read more

(MARKET WIRE via COMTEX) —-Houston Lake Mining Inc. (TSX-V: HLM) is pleased to report it has completed the second half of a 5,008 metre (16,426 ft.) diamond drill program on its West Cedartree Gold Project. As the Company awaits assay results, it has begun a new summer exploration program at West Cedartree.

The second half of the spring 2008 program was initiated in February and comprised 3,209 metres (10,526 ft.) of diamond drilling. The delineation drilling initiative included 34 drill holes, which mainly targeted the vicinity of the No. 1 Vein on the Dogpaw Lake property. A total of 275 drill core samples have been shipped to TSL Laboratories in Saskatoon and results will be announced when they become available.

“We eagerly await the results from the Dogpaw portion of the drill campaign,” said Grayme Anthony, President and CEO. “We are very encouraged by the fact that every drill hole hit its intended target.”

The Dogpaw Lake property forms part of the Company’s 100% owned and optioned 1,674 hectare (4,135 acre) West Cedartree Project, located near Kenora, Ontario. The project area encompasses four mineralized zones, of which three host gold resources at Angel Hill (NI 43-101 compliant), Dogpaw Lake No. 1 Vein (historic) and Dubenski Shaft (historic). The drilling began in early Read more

(Marketwire) – Valterra Resource Corporation (CNQ:VALT) reported today that the company has executed an option agreement to acquire a 100% interest in the 365 hectare, gold/copper/silver Star Project located in south-eastern British Columbia, approximately 10 kilometres southwest of the City of Nelson. The property consists of a contiguous group of 25 Crown granted claims situate in an historically significant region that is host to some of the more prolific mining districts in the Province including million ounce gold mining camps at Rossland and Sheep Creek/Ymir.

The Star claims contain three historic mines that produced small amounts of copper-gold-silver ore from mineralized fault zones and reflect the greater potential for significantly larger structurally controlled or bulk-tonnage type deposits. BC government records (Minfile) suggest many of the occurrences in the area date to the late 1890s with minimal production coming from several small mines. The largest production records from 1905 to 1954 were from the Eureka Mine at 8,995 tonnes averaging approximately 2.13 g/t Au, 125.0 g/t Ag and 1.77% Cu.

More recent exploration, conducted in the late 1980s and early 1990s, included 23 diamond drill holes totalling over 4,000 metres. These programs resulted in the identification of several exploration targets, with the most significant being the Star, Alma N and Eureka zones (see property location map). Read more

The Pontax project of the drill is finally turning after the diamond drilling rig has been sitting idle on the property since Christmas time, due to the lack of availability of drilling crews and logistic crews. The campaign is helicopter-borne and working shift crews generally prefer to work when days and nights are of the same length. Mineral exploration companies have to live with the lack of manpower in the mining industry in general, these days. Management is pleased to say that the program is now in progress and a few holes will even be added, following new data made available and confirming previous kimberlite indicator mineral dispersal trains. Previous DIOS glacial sediment (till) sampling programs identified quality kimberlite indicator minerals suggestive of very high diamond potential content. The drilling targets are located up-ice of dispersal trains. Regional seismic tomography indicates that the Pontax area is underlain by a very thick and cool continental crust, favourable for diamond preservation. Read more

Subsea engineering company MCS, in partnership with Fugro launched a new range of on-board riser management tools that provide the offshore drilling industry with enhanced safety and substantial costs savings at the International Association of Drilling Contractors (IADC) conference in Rio de Janeiro, and simultaneously at Oceanology International on 12th March 2008. Optima is a software platform that assists operators and drilling contractors to plan and monitor operations with drilling or completion/workover risers.

Combining MCS’ advanced riser analysis techniques and Fugro’s offshore monitoring experience, Optima provides an integrated approach to help overcome the challenges of drilling in deepwater, high currents, and other environments posing significant risks to operations.

Patrick Scully, General Manager of MCS’ software division, says: “This launch represents a significant development in the evolution of real-time support tools for the offshore drilling industry. Together with Fugro, we have created a comprehensive package which addresses Read more