In advance of a panel discussion on hydraulic fracturing regulations, Pennsylvania Department of Environmental Protection Secretary Mike Krancer today outlined in a letter to the Natural Resources Defense Council (NRDC) some perspectives that the organization missed in its May 2012 report, "In Fracking's Wake: New Rules are Needed to Protect Our Health and Environment from Contaminated Wastewater."
Magal Security Systems Ltd. today announced that it has received two orders totaling $3.4 million to supply PIDS (Perimeter Intrusion Detection System) products for a large oil company based in Latin America. Delivery is expected during the third quarter of this year.
In preparation of the upcoming storm season, Briggs & Stratton (NYSE: BGG) reminds residents to be mindful of the dangers of carbon monoxide while operating portable generators.
Guyana Goldfields Inc. is pleased to report an updated mineral resource statement for its 100%-owned Aurora Gold Project in Guyana, South America. This new estimate includes all drilling data obtained up to the end of April 30, 2012. The estimate was prepared by SRK Consulting (Canada), Inc. ("SRK") of Toronto, Canada in accordance with National Instrument 43-101 ("NI 43-101") and provides an update to the previous estimate released on September 9, 2011. The Bankable Feasibility Study is scheduled for completion at the end of the calendar fourth quarter of this year and will be based on the measured and indicated categories of this revised resource estimate.
FieldPoint Petroleum Corporation announced today that drilling is expected to begin on the East Lusk 15 Federal #2 well in Lea County, New Mexico in July. The Company has an operating agreement with Cimarex Energy Co,www.cimarex.com, to drill this well that targets the Bone Spring formation. The total cost for this well is expected to be approximately $7,000,000, with net cost to FieldPoint of approximately $3,100,000.
The Export-Import Bank of the United States (Ex-Im Bank) has authorized $1.2 billion in export financing in four separate transactions to support the export of U.S. goods and services to Petroleos Mexicanos (Pemex), Mexico's national oil and gas company. The amount includes a $200 million small-business facility, which will support exports from U.S. small businesses.
Oil prices fell nearly $3 last Thursday, taking it down to an eight-month low and breaking past the $80 comfort zone. The fall came amid an unexpected rise in crude stockpiles and supplies in America, and hit home in several U.S. oil towns.
Daulton Capital Corp. a gold and precious metals exploration company, is pleased to announce that it has entered into a $105 million forward Gold sales contract with Salam International Limited. Salam International Ltd is a Dubai gold trading company which procures gold and sells to large Gold refineries in Dubai & Abu Dhabi, United Arab Emirates.
BlueStar Energy Solutions (BlueStar), a subsidiary of American Electric Power, will begin operating as AEP Energy June 29. AEP acquired BlueStar March 7.
APR Energy is proud to announce the operation of its 120MW diesel-fired power plant, located just east of Limassol, Cyprus. APR Energy signed a contract in May with the Electricity Authority of Cyprus (EAC) to provide a peak season solution in time for the Mediterranean summer. Using its latest enhancements in plant design, deployment and logistics, APR Energy was able to prepare the site and have the plant installed and operational within 20 days of equipment arrival – ahead of the contracted schedule.
Primero Mining has reported that a fresh high-grade vein, named the Alexa vein, has been discovered in the West Block. Five high-grade intercepts are included in the new discovery.
By Kalwinder Kaur
26 Jun 2012
Thomson Resources has reported that it is taking steps to abandon its tenement holdings on 2,794 sq. km in the Thomson Fold belt, so that it can focus its activities on the priority exploration targets in the Cobar area.
By G.P. Thomas
26 Jun 2012
Atlas Iron has announced that it has updated the progress on its targeted production rate of 12 mtpa by next year end.
DIOS EXPLORATION has announced that it has planned to commence prospecting and mapping the tonalitic stage of the Erasme Lake pluton, on the porphyry-type 33 CARATS gold project situated on the northwest part of the Eastmain gold mine, Chibougamau.
Redstar Gold has announced the drilling results from two diamond drilling holes located in the Newman-Todd property in Red Lake, Ontario.