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Friday 19 January 2007 (Close of Business - New York)
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| All Ords | 5652.1 | +1.3 | Dow Jones | 12,565.53 | -2.40 | |||||||
| ASX100 | 4583.4 | +1.3 | S&P 500 | 1430.50 | +4.13 | |||||||
| ASX200 | 5673.1 | +0.7 | Nasdaq | 2451.31 | +8.10 | |||||||
| ASX300 | 5681.0 | +1.0 | NYSE Volume | 2,777,479,000 | ||||||||
| Materials (Sector) | 10,399.5 | +3.5 | US 10-Year Bond | 4.773% | +0.022 | |||||||
| All Ords Gold (Sub Industry) | 4482.4 | -22.3 | Gold - spot/oz | US$635.40 | +8.10 | |||||||
| Metals & Mining (Industry) | 3415.7 | +2.1 | Silver - spot/oz | US$12.81 | +0.21 | |||||||
| Energy (Sector) | 11,774.0 | -244.9 | Platinum - spot | US$1157.00 | +2.00 | |||||||
| AGC Macquarie Au | 4970 | -33.3 | Palladium - spot | US$339.00 | +3.00 | |||||||
| Hartleys Explorers Index | 14,790 | na | Uranium - spot US$/lb | US72.00 | unch | |||||||
| Shanghai Composite | 2832.2 | +75.2 | Bridge CRB Futures Index | 387.47 | +3.65 | |||||||
| Hang Seng | 20,327.7 | +50.2 | Light Crude (NYM - $US per bbl.) | US$51.99 | +1.51 | |||||||
| Nikkei | 17,310.4 | -60.5 | Natural Gas (NYM - $US/mmbtu) | US$6.92 | +0.56 | |||||||
| India BSE 30 | 14,217.8 | +86.4 | Copper (LME - spot $US/tonne) | 5535 | +43 | |||||||
| FTSE 100 | 6237.2 | +26.9 | Lead (LME - spot $US/tonne) | 1578 | -21 | |||||||
| German DAX | 6747.2 | +57.6 | Zinc (LME - spot $US/tonne) | 3670 | -3 | |||||||
| A$ = US78.97 | +0.01 | Nickel (LME - spot $US/tonne) | 37,825 | -25 | ||||||||
| A$ = 95.75yen | +0.08 | Aluminium (LME - spot $US/tonne) | 2815 | +14 | ||||||||
| A$ = 0.610Euro | +0.001 | Tin (LME - spot $US/tonne) | 11,605 | +175 | ||||||||
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Phone: 07-55316191 or Email : sales@reflections.com.au
Stocks closed narrowly mixed Friday after profit reports and forecasts from blue chip names like IBM and GE failed to impress Wall Street and sent investors searching for other catalysts to drive the markets higher.
Advancing issues outnumbered decliners by about 2 to 1, on marginally lower volume, on the New York Stock Exchange.
Alcoa Inc. said that it plans to buy back up to 10% of its outstanding stock and increase its dividend by 13%.
For the week, the Dow rose 0.08 percent, while the S&P fell 0.02 percent, and the Nasdaq lost 2.1 percent.
Consumer sentiment, as tracked by a University of Michigan's survey, showed a preliminary reading of 98.0 for January compared with 91.7 in December. It is the highest showing since January 2004.
Crude oil rose the most in almost three months in New York on speculation that heating-oil consumption will jump because of cold weather over the U.S. East.
Copper in New York rose for the first time in six sessions as stockpiles of the metal declined the most in seven weeks and a report showed consumer confidence in the U.S. economy at the highest level in three years.
Nickel held at near record levels on speculation that supply disruptions will further erode stockpiles.
Gold in New York rose to the highest in two weeks on speculation that energy costs will remain high enough to spur demand for the metal as a hedge against inflation.
Appendix 3B - Web Site
Exploration Update
Minotaur Exploration Ltd (Minotaur) is pleased to advise the following:
Drilling Commences at Broken Hill (Joint Venture with JOGMEC)
Minotaur's 2007 drilling program has commenced near Broken Hill with a number of zinc-lead-silver exploration targets to be tested over the next two months. The Border Project funded by JOGMEC, the Japan Oil, Gas and Metals National Corporation, has identified seven geophysical targets to be tested to between 150 and 450 metres depth.
Results of Drilling - Bulgunnia (Joint Venture with Dominion Mining, Resolute Resources and BHP Billiton)
Results of drilling at the No17 Bore target (2 RC holes for 466 metres) on Bulgunnia EL3045, located 40 kilometres north east of Tarcoola, South Australia, indicate further alteration and mineralisation, with drillhole TA06R020 returning 44 metres @ 0.21% copper and 0.53% zinc from 16 metres downhole. This drillhole intercepted the margin of a one kilometre long magnetic body and will be followed up by additional drilling as soon as a suitable drill rig is available. Exploration at Bulgunnia is funded by Oxiana Ltd under the Minotaur-Oxiana alliance.
Results of Drilling - Naraku (Joint Venture with BHP Billiton)
Drilling of 3 angled RC - Diamond drill holes totalling 827 metres at the Cormorant Prospect on EPM 8608, approximately 40 kilometres north of Cloncurry, Queensland, intersected further widespread alteration overprinted by strong sulphide veining in each hole. In particular, drillhole MN07 recorded 56 metres of 0.10% copper and 0.03 g/t gold from 186 metres downhole. Planning is underway for additional geophysical surveys and follow-up drilling. Exploration at Naraku is funded by Oxiana Ltd under the Minotaur-Oxiana alliance.
Booubyjan Joint Venture
Minotaur has exercised its right to continue its Joint Venture with ActivEx Limited in relation to copper-gold exploration at the Booubyjan Project in southeast Queensland. A $500,000 exploration budget has been agreed for 2007 with emphasis on further electrical geophysical work and deeper drilling of the alteration systems. - Web Site
Diamond Core Drilling - Kihabe Zinc Project, Botswana
(Mount Burgess Mining NL 100%)
The Company has commenced an estimated 2,000m diamond core drilling programme at its Kihabe Zinc project in Botswana.
Diamond drill holes have been designed to test the full 2.4km length of the Kihabe zinc, lead, silver, copper and vanadium mineralisation to assist with interpretation of the mineralisation produced from the 17,500m of RC drilling carried out to date.
Diamond drill core will also be used for metallurgical test work, determination of accurate specific gravity and processing alternatives. Further recheck assays from the RC drilling programme are being carried out by an accredited laboratory in Perth for calculation of an initial resource for the Kihabe zone of mineralisation.
- Web Site
PRESS RELEASE
7m at 2.95g/t GOLD in HOLE MPD033 at MT PENCK
Vancouver - January 19, 2007Several further gold intersections are present in the latest drill results from Mt Penck Project in Papua New Guinea. Hole MPD053 intersected 7m at 2.95g/t between 3m to 10m downhole. Hole MPD028 intersected 5m at 2.26g/t gold between 47 to 52m downhole and 24 to 30m downhole respectively. All results above an 0.5g/t cut off are listed in the table below.
Mr. Bob McNeil, CEO of New Guinea Gold (NGG) stated: the results of these three holes are regarded as significant, add to the knowledge of the Kavola East Zone and extend the known gold mineralisation at Kavola East further to the north. Results from a further 6 holes completed in 2006 are still pending, but are not expected now until mid February, due to long delays at commercial assay laboratories. Most of the remaining holes have targeted gold mineralisation beyond the Kavola East zone, and if successful, would indicate additional bodies of gold mineralisation within the Mt Penck Project.
Drilling will resume in approximately one week, and the initial program for 2007 will be deeper holes to target depth extension of known mineralisation. Most holes to date have targeted mineralisation at less than 80m depth."
The Mt Penck project is beneficially owned 60% NGG and 40% Vangold Resources Ltd.
Hole No |
From (m) |
To (m) |
Length (m) |
Gold (g/t) |
| MPD028 |
19 24 36 47 61 |
20 30 38 52 62 |
1 6 2 5 1 |
1.21 1.43 0.60 2.26 1.83 |
| MPD031 |
67 70 |
68 71 |
1 1 |
1.20 1.01 |
| MPD033 |
0 3 24 80 |
1 10 26 84 |
1 7 2 4 |
0.60 2.95 0.66 0.85 |
NOTE: The true widths of intersections is not known. The interval from surface to 3m in hole MPD033 averaged 0.46g/t gold. Hole locations are shown in the Press Release dated 3 January, 2007.
- Web Site
OutCome of General Shareholders Meeting January 19 2007 - Web Site
ACS Accent acq stake in Katanning Vanadium-Titanium Project - Web Site
Appendix 3B - Issue of Options - Web Site
Change of Director's Interest Notice x2 - Web Site
Appendix 3B - Web Site
Notice of General Meeting - Web Site
Removal from Official List - Web Site
Change of Director's Interest Notice - Web Site
Change in substantial holding from CBA - Web Site
Oil Drilling Operations Update
The Directors of Bow Energy Limited (Bow) announce that at 1300 hours today, the Marracoonda 2 oil exploration well located in the Wompi Block of ATP 752P in the CooperEromanga Basin, Queensland was at 1684 metres within the Jurassic aged Birkhead Formation waiting on rig repairs.
The well is running on prognosis with the primary Hutton target sandstone expected at about 1691 metres. Minor oil shows which were not sufficient to justify testing were encountered in the Murta, Westbourne and Adori units. These units will be re-evaluated to determine if testing is warranted af ter wireline logs are acquired on reaching total depth at approximately 1900 metres.
Bow anticipates rig repairs should be completed within the next 24 hours with the primary Hutton target sandstone to be intersected ov er the weekend and, assuming reasonable oil shows, testing will be carried out.
Marracoonda 2 is the first of three back-to-back oil exploration wells of a five well farmin program in Cooper-Eromanga Basin permit ATP 752P. The three back-to-back wells target prospects in the Wompi Block on trend and near high productivity oil fields. Marracoonda-2 will be immediately followed by Gamma-1 then Nora-1. The fourth and fifth wells of the five well f armin are in the Barta Block of ATP 752P and are conditional on the results of recent seismic programs. Preliminary interpretation of recently acquired seismic and reprocessed data in the Barta Block indicates there are sev eral prospects present with commercial oil potential.
Bow is fully carried on the Cooper-Eromanga oil exploration drilling program with Avery Resources (Australia) f unding 100% of each Wompi block well's cost to casing point or plug and abandonment. Bow will retain 25% direct working interest af ter the f armin program by Avery Resources (Australia) is completed..... - Web Site
GOG ann: Appadare-1 Drilling Report - Web Site
Becoming a substantial holder - Web Site
ZSP: Compass Res/Bendigo Bank replace MYP in S&P/ASX Index - Web Site
Appendix 3B: Allotment of Incentive Options - Web Site
STX Weekly Operations Update - Web Site
Appendix 3B - Web Site
Change in substantial holding - Web Site
Half Year Accounts - Web Site
Change of Director's Interest Notice x4 - Web Site
Angola Geological Report - Web Site
Becoming a substantial holder x2 - Web Site
Appendix 3B - Web Site
Appendix 3B - Web Site
Second Quarter Activities Report - Web Site
Second Quarter Activities Report - MAIN POINTS
Resignation of Non-Executive Director & Appendix 3Z - Web Site
Final Director's Interest Notice - Web Site
Initial Director's Interest Notice - Web Site
Results of General Meeting - Web Site
Response to ASX Share Price Query - Web Site
Ortahaza Project testing programme - update - Web Site
HAVILAH TO EXPLORE EXTENSIONS OF AUSTRALIA'S FIRST HARD ROCK URANIUM MINE AT RADIUM HILL
Havilah Resources NL (Havilah - ASX:HAV) advises that it plans to commence exploration for hard rock uranium deposits on its tenements that surround the historic Radium Hill uranium mine in the northeast of South Australia as part of its 2007 exploration programme.
The Radium Hill mine, which lies within a small exclusion zone within Havilah exploration licence (EL) 2986, produced approximately 1150 tonnes of uranium between 1954-1961 to fill government contracts. In the late 1950's approximately 1000 people were working and living on site in a specially constructed mining township. The mine was closed in 1961 due to completion of the contract and not exhaustion of ore.
Most uranium occurred within a series of parallel, narrow davidite bearing lodes that occupied NE- SW trending shears within gneissic host rocks. The largest of these lodes was developed over a length of 1,400 metres and to a depth of almost 200 metres. The lodes dipped at angles from 30 to 70 degrees and ranged up to 5 metres in width.
Davidite is a heavy titanium-iron oxide mineral that at Radium Hill contains significant uranium, and rare earth elements, including the valuable metal, scandium. Some 954,000 tonnes of davidite ore was mined at Radium Hill for an average grade of 1.2 kg / tonne U3O8. Davidite lends itself to gravity concentration, raising the opportunity for beneficiation of a heavy mineral concentrate and direct export, with uranium and scandium extraction occurring elsewhere. This would mean that lower grade, disseminated davidite occurrences within the gneiss host rocks could possibly be exploited if discovered.
Extensions of the Radium Hill lode system can be traced discontinuously for several kilometres through Havilah EL's 2986 and 3419 (see map). There are abundant surface indications of davidite and associated alteration minerals in outcrop and in various pits and trenches in the host rocks along the exposed strike and it is these occurrences that Havilah will be exploring in detail during 2007. ........ - Web Site
Drilling commences at Karangahake Project
Appendix 3B - Web Site
Appendix 3B - Web Site
Ceasing to be a substantial holder from PPT - Web Site
OEL's :Significant Gas Flow from Bati Umur-1 Discovery Well - Web Site
Becoming a substantial holder - Web Site
Wilpinnie - 4 (Tomcat Prospect) Update
Impress advises that Wilpinnie-4 is preparing to run DST-2 over the interval 1468mRKB to 1489mRKB to further evaluate oil shows observed in cuttings and a core cut from 1472.3mRKB to 1487.4mRKB in the primary objective the Mid Namur Sandstone on the 19th January.
The additional test follows completion of DST-1 over the interval 1475.5mRKB to 1487.4mRKB. During this test a strong blow was observed at the surface but no fluids reached the surface. On shutting the well in for pressure build up information the packer seat was lost. However, on the basis of fluids recovered in the mud and the flowing pressure data it is estimated that there was an influx of approximately 24 barrels of oil during the main four hour flow period. This influx equates to a flow rate of 144 BOPD. Analysis of the short period of pressure data prior to losing the packer seat suggests that reservoir damage due to drilling fluids may have occurred.
The well was deepened 2m into the reservoir section and the purpose of the second test is to clarify the productivity of the reservoir section by including the extra 2m of section drilled overnight and the section from 1468mRKB to 1475.5mRKB in which reservoir quality sandstone with oil shows were noted during drilling.
Following the completion of the second Drill Stem Test Wilpinnie-4 will be deepened to the agreed total depth of 1551mRKB and logged.
Commenting on the well results to date Impress Chief Executive Officer, Eddy Buckovic said "Not withstanding the minor operational issues encountered during DST-1 the recovery of oil from the Mid Namur Sandstone is an extremely positive step towards commercialising the Tomcat oil pool discovered by Wilpinnie-3. It is expected that the second test will clarify the well's productivity..... - Web Site
VPE: Drilling Report for Wilpinnie-4 Well Tomcat 19 Jan 07 - Web Site
NAE's ann: Uranium Lease Granted - JRV/NAE Joint Venture - Web Site
Nalbarra Plan - Web Site
Entitlement Issue Successfully Completed - Web Site
Change of Director's Interest Notice - Web Site
Appendix 3B - Web Site
Appendix 3B & Sec 708A Notice - Web Site
Business As Usual at Macarthur Coal - Web Site
Name change to MEO Australia Limited - Web Site
Response to ASX Share Price Query - Web Site
East Gippsland Fires Update - Web Site
Nalbarra Plan for announcement - 19 Jan 07
Drilling Update - WNP - Web Site
Appendix 3B - Web Site
Appendix 3B - Web Site
Appendix 3B - Exercise of Options - Web Site
Elects Not to Exercise Fiji Option - Web Site
Appendix 3B - Web Site
Appendix 3B - Web Site
Change of Director's Interest Notice - Web Site
Change of Director's Interest Notice - Web Site
Court Application Dismissed - Web Site
Asmara Project Update - Web Site
Appendix 3B - Web Site
Change of Director's Interest Notice x3 - Web Site
Change of Name - Web Site
Appendix 3B - Exercise of Unlisted Options - Web Site
Appendix 3B - Web Site
Second Quarter Activities Report - Web Site
Change of Director's Interest Notice x 4 - Web Site
Becoming a substantial holder - Web Site
Employee Share Option Plan - Web Site
Notice of Meeting - 21 February 2007 - Web Site
Closure of non-renounceable entitlement issue of options - Web Site
DRILLING REPORT FOR WILPINNIE-4 WELL, TOMCAT PROSPECT, PPL 93, COOPER BASIN, SOUTH AUSTRALIA
Victoria Petroleum N.L. as operator for the PEL 115 Joint Venture advises that under the terms of the PPL 93 Wilpinnie North Block Farmout Agreement with the PPL 93 Joint Venture, drilling of the Wilpinnie-4 well to test the Tomcat Prospect commenced at 1730 hours Central Standard Time (C.S.T) on the 9 January 2007. At 0600 hours C.S.T. today, the current operation was running back into the hole to run Drill Stem Test (DST) -2 over the interval 1,468 - 1,489 metres to test the oil shows observed while drilling and coring in the mid Namur Sandstone to date. Drill Stem Test -1 carried out over the interval 1,476 - 1,487 metres was a partial test due to loss of the packer seat.
DST-2 over the larger interval 1,468 metres RKB to 1,489 metres RKB is being run to further evaluate oil shows observed in cuttings and a core cut from 1,472 metres RKB to 1,487 metres RKB in the primary objective the Mid Namur Sandstone.
During DST-1 a strong blow was observed at the surface but no fluids reached the surface. On shutting the well in for pressure build up information the packer seat was lost. However, on the basis of fluids recovered in the mud and the flowing pressure data it is estimated that there was an influx of approximately 24 barrels of oil during the main four hour flow period. This influx equates to an estimated initial flow rate of 144 barrels of oil per day. Analysis of the short period of pressure data prior to losing the packer seat suggests that reservoir damage due to drilling fluids may have occurred.
Following DST-1, the well was deepened 2 metres into the reservoir section. The purpose of the second test is to clarify the productivity of the reservoir section by including the extra 2 metres of section drilled overnight and the section from 1,468 metres RKB to 1,476 metres RKB in which reservoir quality sandstone with oil shows were noted during drilling.
Following the completion of the seconddepth of 1,551 metres RKB and logged..... - Web Site
Marracoonda-2 Oil Exploration Well Drilling Report, ATP 752P Cooper – Eromanga Basin, Queensland
Summary:
Victoria Petroleum N.L ("Victoria") has been advised by Bow Energy Limited, the Operator for ATP 752P and the Marracoonda-2 oil exploration well located in the Wompi Block of ATP 752P in the Cooper-Eromanga Basin, Queensland, that at 0600 hours EST today the current operation is drilling ahead at 1,654 metres. - Web Site
Underwriting - dividend investment plan - Web Site
Accent acquires stake in Katanning Vanadium-titanium Project - Web Site
Alinta's Relationship with Macquarie Bank - Web Site
Phase 3 Cerro Negro Drill Results
Weebacarry Assay Results - Web Site
Extends ERM Standstill Agreement - Web Site
Agreement to sell/acquire tenements - Web Site
February Start for 3D Seismic Survey - Web Site
WPL: NWSV and Kogas extend LNG agreement - Web Site
Second Quarter Activities & Cashflow Report - Web Site
Awarded Anglo Coal longwall development contract - Web Site
RAW: Appadare 1 nears Patchawarra objective - Web Site
Response to ASX Query re:Share Price - Web Site
Change of Director's Interest Notice - Web Site
Operations Update Tow Creek & Bear River Projects - Web Site
Change of Registered office address - Web Site
Change of Company Type & Name - Web Site
Further information re Acquisition of Burundian nickel proj - Web Site
Announces 6th Diamond Sale Results - Web Site
Change of Director's Interest Notice - Web Site
Appendix 3B - Web Site
Yalgoo Iron Project Update - Web Site
EGM Presentation - Web Site
Change of Director's Interest Notice - Web Site
Board Changes
Intrepid Mines Limited (TSX: IAU, IXN & ASX: IAU), an international gold and silver production, development and exploration company, today announced that Mr Brett Lambert has advised the Board of his intention to cease his role as an Executive Director and Chief Operating Officer with the Company by 31 March 2007. As a consequence the Board has moved to appoint Daniel G. Vanin as a director of the Company.
Mr. Vanin is currently Executive Vice President and Chief Operating Officer of High River Gold Mines with responsibility for bringing two mines into production (Taparko-Bouroum in Burkina Faso and Berezitovy in Russia), with both projects approaching their respective commissioning phases.... - Web Site
Roadshow Presentation - Web Site
Second Quarter Activities Report
1. Production throughput continues to increase
South Plant at Ellendale 4
Ellendale 9 East Plant Expansion
2. Exploration
3. Marketing
4. Blina Diamonds NL (51% owned)
5. Corporate
Trading Halt - Web Site
POL: Exploration Update - Web Site
BUSINESS AS USUAL AT MACARTHUR COAL
The board of Macarthur Coal Limited (ASX:MCC) has been advised that the Crime and Misconduct Commission has issued a notice for Mr Ken Talbot to appear before the Brisbane Magistrates Court in relation to loans made to a former Queensland Government Minister.
The Chairman of Macarthur Coal, Mr Keith De Lacy, said it is business as usual at Macarthur Coal.
"The matter is personal to Mr Talbot and will not affect Macarthur Coal's operations.
"The arrangements that were put in place when the issue first arose will continue and are working well.
"Nicole Hollows will continue as CEO. Mr Talbot will remain as a Director and retains the full support of the Board.
"It is business as usual for Macarthur Coal and we remain focused on the efficiency of our operations and development of the project pipeline." - Web Site
FIPB of India approves Mission Biofuels Investment - Web Site
Investor Review Presentation - Web Site
Appoints new Chief Financial Officer - Web Site
Notice that defeating condition fulfilled - Section 630(4) - Web Site
December 2006 Quarterly Newsletter - Pryme Times
Quarterly Highlights
Firstly I would like to take this opportunity to wish you all a very happy and prosperous 2007! For Pryme, 2007 is "game on" as some of our large exploration projects come to their fruition enabling our drilling program to begin. The impact that successful current exploration projects will have on the value of this company and its market cap should be a real "step-up", and we look forward to realizing that gain as drilling commences as early as Q2.
Our 51,000 acre Turner Bayou Project is progressing well, with the recording of seismic data and processing scheduled to begin next month. The first Wave joint venture project, Raven, has been fully syndicated through partnering with the highly respected and experienced operator, Nelson Energy of Shreveport Louisiana.
As expected, the LaSalle Parish project continues to play out as originally conceived, with the successful drilling of three more development wells. This project continues to form an important and stable base of production and revenue for the company in order to fund its day-to-day operations, in addition to the self-funding of LaSalle's ongoing development.
Our loyalty options began trading on the ASX this quarter under the ticker code PYMO. They have been an overwhelming success with the value from issue price increasing five fold for shareholders. We have well over $4 million in the bank and growing from current revenues plus cash, carried working interests and overrides derived from the Wave projects which should increase this position further.
We are excited about the coming quarter as we begin to pursue some of our larger exploration targets that contain significant upside for shareholders and look forward to keeping you up to date along the way....... - Web Site
Closing Date of Rights Issue Extended - Web Site
Logs Confirm Further Discoveries - Web Site
Rio Tinto plc share transaction 18Jan07 - Web Site
Second Quarter Activities Report - Web Site
Activities Update
Sundance Energy Australia Limited, through its wholly owned subsidiary, Sundance Energy, Inc.,
advises the status of its current well activity at 0900 hours (USMST) on 18 January 2007, as follows:
ASHLAND PROSPECT- HUGHES COUNTY OKLAHOMA
Well: Meyers Trust 1-13H
Warrick Drilling Rig #124 is currently drilling ahead in the curve portion of the well at 6,106 feet (1,861 metres).
Well: Smith 1H-28
Helmerich & Payne Rig # 141 is currently drilling ahead in the horizontal portion of the well at 9,488 feet (2,892 metres).
Well: Clayton 1H-33
On 13 January 2007, Helmerich & Payne Rig # 181 successfully ran the 5 1⁄2 inch production liner to 9,838 feet (2,998 metres). This well is currently awaiting fracture stimulation.
Well: Gockel 1H-32
The Gockel 1H-32 has been successfully fracture stimulated with a total of 90,243 barrels of slick water. On 11 January 2007, the well was hooked up to the gas sales facility and is currently selling gas while floto recover.
Well: Schueler # 1-14H
On 24 December 2006, the 5 1⁄2 inch liner was successfully set and cemented at 11,200 feet (3,413 metres); this well is currently awaiting fracture stimulation.
Well: Foster 1-6H
On 8 January 2007, the first stage of the fracture stimulation was pumped consisting of 15,093 barrels of slick water, 8,750 pounds of 100 mesh sand and 200,000 pounds of 40/70 sand. This first stage of stimulation was targeted at the uncased portion of the lateral and is intended to test the viability of open hole stimulation. The well is currently flowing back frac fluid with 7,321 barrels of water recovered and 7,772 barrels of water left to recover.
GOLIATH PROSPECT- WILLIAMS COUNTY, NORTH DAKOTA
Well: Champion 1-25H
On 19 January 2007, this well will be fracture stimulated in three stages with the first stage consisting of 2,050 barrels of fluid and 102,000 pounds of 30/50 sand; the second and third stage will consist of 3,800 barrels of fluid and 248,000 pounds of sand. ........ - Web Site
Company Request for Trading Halt - Web Site
Bundarra Black Cat Drilling Results - Web Site
Underground Mining to Recommence at the Ravs Nickel Mine - Web Site
Drilling Report for Wilpinnie-4 Well, Tomcat Prospect, PPL 93, Cooper Basin, South Australia
Summary:
Victoria Petroleum N.L. as operator for the PEL 115 Joint Venture advises that at 0600 hours C.S.T. today, the current operation was running back into the hole to run Drill Stem Test (DST) -2 over the interval 1,468 - 1,489 metres to test the oil shows observed while drilling and coring in the mid Namur Sandstone to date. Drill Stem Test -1 carried out over the interval 1,476 - 1,487 metres was a partial test due to loss of the packer seat.
- Web Site
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Thursday 17 January 2007 (Close of Business - New York)
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| All Ords | 5650.8 | +24.7 | Dow Jones | 12,567.93 | -9.22 | |||
| ASX100 | 4582.1 | +21.4 | S&P 500 | 1426.37 | -4.25 | |||
| ASX200 | 5672.4 | +26.3 | Nasdaq | 2443.21 | -36.21 | |||
| ASX300 | 5680.0 | +25.8 | NYSE Volume | 2,822,413,000 | ||||
| Materials (Sector) | 10,396.0 | +26.7 | US 10-Year Bond | 4.751% | -0.036 | |||
| All Ords Gold (Sub Industry) | 4504.7 | -80.4 | Gold - spot/oz | US$627.30 | -4.80 | |||
| Metals & Mining (Industry) | 3413.6 | +10.3 | Silver - spot/oz | US$12.60 | -0.18 | |||
| Energy (Sector) | 12,018.9 | +94.5 | Platinum - spot | US$1155.00 | +15.00 | |||
| AGC Macquarie Au | 5003 | -94.5 | Palladium - spot | US$336.00 | -2.00 | |||
| Hartleys Explorers Index | 14,790 | +82.1 | Uranium - spot US$/lb | US72.00 | unch | |||
| Shanghai Composite | 2757.0 | -21.9 | Bridge CRB Futures Index | 383.82 | -2.85 | |||
| Hang Seng | 20,277.5 | +212.9 | Light Crude (NYM - $US per bbl.) | US$50.48 | -1.76 | |||
| Nikkei | 17,370.9 | +109.6 | Natural Gas (NYM - $US/mmbtu) | US$6.36 | +0.05 | |||
| India BSE 30 | 14,217.8 | +86.4 | Copper (LME - spot $US/tonne) | 5492 | -81 | |||
| FTSE 100 | 6210.3 | +5.8 | Lead (LME - spot $US/tonne) | 1599 | +39 | |||
| German DAX | 6689.6 | -12.1 | Zinc (LME - spot $US/tonne) | 3673 | +71 | |||
| A$ = US78.96 | +0.19 | Nickel (LME - spot $US/tonne) | 37,850 | +950 | ||||
| A$ = 95.67yen | +0.69 | Aluminium (LME - spot $US/tonne) | 2801 | +43 | ||||
| A$ = 0.609Euro | unch | Tin (LME - spot $US/tonne) | 11,430 | +500 | ||||
| Click on Links to Access Charts | ||||||||
Wall Street eased Thursday - Government data indicated slowly rising prices for consumers, as well as a surprising plunge in jobless claims to an 11-month low and a ramp-up in housing construction. The reports pointed to an economy that's more resilient than the market had thought, leading more investors to lower their expectations for a rate cut.
Technology stocks tumbled as investors shunned the sector following a disappointing outlook from Apple Inc.
Declining issues outnumbered advancers by about 5 to 3, on increased volume, on the New York Stock Exchange.
Crude fell $1.76 to settle at $50.48 a barrel on the New York Mercantile Exchange. It briefly fell below $50 to its lowest price in 20 months after the U.S. Department of Energy reported that the nation's crude oil and gasoline inventories grew.
Nickel, the only gainer this year on the London Metal Exchange, eased slightly from a record for a second consecutive day on speculation that a labor dispute in Canada (Xstrata Plc's nickel unit in Sudbury) will cut supply of the metal used in stainless steel.
Copper prices in New York fell for the fifth straight session, closing at a nine-month low, as rising supply of the metal outpaces demand.
Gold prices in New York fell from a two-week high as falling energy costs reduced the appeal of the metal as an inflation hedge.
CIBALIUNG GOLD PROJECT UPDATE
Site Development and Erection of Gold Processing Plant
The erection of the processing plant is proceeding according to plan and timetable (see photo next page). It is probable, at the current rate of progress, that it will be completed ahead of schedule in March 2007. At the date of this report the status of the plant is as follows:
Capital Expenditure and Funding
The Company has previously reported details of capital cost increases in the order of US$18.5 million. These cost increases have related primarily to an initial underestimate in the process plant re-erection cost, a re-rating of seismic factors throughout the region, poorer than expected ground conditions in the process plant area and additional costs associated with construction, engineering, earthworks, steelwork and process plant foundations. In addition costs increases have been incurred in the areas of project delivery, finance costs, dewatering, travel, geotechnical, site preparation, equipment, transport and camp costs.
The project is continuing to experience significant cost pressure, primarily associated with the difficulties encountered in the development of the decline. As reported below decline development to date remains unsatisfactory.
The Company is continuing negotiations in respect of additional debt and additional equity finance to complete the development of the Cibaliung Gold Project.
To date the Company has fully drawn the original ANZ Bank primary debt facility of US$26 million. The ANZ Bank has provided an offer for an additional debt facility in the amount of US$5 million. There are a number of pre-conditions associated with this facility including a requirement to restructure the existing hedging arrangements with the ANZ Bank and a requirement that the Company raise sufficient equity funds to complete the project development before the additional debt funds will become available. Currently the Company has hedged 185,000 ounces of gold on a fixed flat (par) forward basis at a price US$651/oz.
Taking into account cost increases identified to date and the continuing cost pressure associated with the development of the decline, it is envisaged that the Company will need to raise additional equity in the order of US$20 million to complete the development of the Cibaliung Gold Project..............
- Web Site
Change in substantial holding - Web Site
Appendix 3B - Exercise of quoted options - Web Site
Appt. of Acting General Counsel/Company Secretary & CFO - Web Site
AAN reaches 96.2% of AIH - Web Site
Alinta's Relationship with Macquarie Bank - Web Site
Appendix 3B - Web Site
Response to ASX Query - Web Site
Change of Director's Interest Notice - Web Site
Appendix 3B - Web Site
Appendix 3B - Web Site
Change of Address - Web Site
Top 20 & Distribution Schedule - Web Site
Fourth Quarter Activities Report - Web Site
Response to ASX Query re: Share Price - Web Site
Change in substantial holding - Web Site
Change in substantial holding - Web Site
Change in substantial holding from PPT - Web Site
Farmout Mt Kitty & Magee Prospects Amadeus Basin - Web Site
Appendix 3B - Web Site
Change of Director's Interest Notice - Web Site
EGM Results - Web Site
Commitments Test Entity - Second Quarter Report - Web Site
Change of Director's Interest Notice - Web Site
Kenya weekly drilling report #7
Board Room Radio interview with MD on current status - Web Site
Initial Director's Interest Notice - Web Site
Removal from Official List - Web Site
Change of Director's Interest Notice - Web Site
Change of Director's Interest Notice - Web Site
Change of Director's Interest Notice - Web Site
Change of Director's Interest Notice - Web Site
Appendix 3B - Issue of Options to Employees - Web Site
Name Change to MEO Australia Limited Approved - Web Site
Change of Director's Interest Notice - Web Site
Change of Director's Interest Notice x 5 - Web Site
Nido Completes UK Transaction - Web Site
Appendix 3B - Web Site
Becoming a substantial holder - Web Site
Change in substantial holding - Web Site
Company Request for Trading Halt - Web Site
Rio Tinto plc share transaction 16/01/07 - Web Site
Operations Update - Web Site
Appendix 3B: Unlisted Options Tranche 3 - Web Site
Entitlement Issue Closes - Web Site
Admission to Official List - Web Site
Change of Director's Interest Notice - Web Site
DRILLING CONFIRMS GUPO GOLD PROSPECT OPEN PIT POTENTIAL IN ERITREA
Sub-Sahara Resources NL (ASX: SBS) advises that the Company's joint venture partner, Sunridge Gold Corp. (SGC-TSX.V) has released drill results from the Gupo Gold prospect that forms part of the Asmara Project in Eritrea. A press release by Sunridge dated 15th January 2007 TSX.V, (attached) details the results of a 26 hole programme designed to verify and expand drilling completed by Normandy-La Source during 1996 that resulted in a JORC compliant inferred resource of 1,965,000 tonnes grading 2.99g/t gold containing 189,000 oz of gold.
Sub-Sahara previously announced 22 August 2006, the proposed sale of its 48% interest in the Asmara project to Sunridge. The joint venture partners are in the process of seeking regulatory approval for the sale of the interest in the Asmara project. The Board will continue to provide Asmara project updates until such time that the sale has been completed. - Web Site
Change of Address - Web Site
Upgrade to Reserves and Resources at Frances Creek - Web Site
Trading Halt - Web Site
Placement of Options - Web Site
Appendix 3B - Employee Share Option Plan - Web Site
Change of Director's Interest Notice - Web Site
Potential Acquisition of Linde Gas Pty Ltd - Web Site
Investor Relations Presentation - January 2007 - Web Site
NORTH WEST SHELF VENTURE AND KOGAS EXTEND LNG AGREEMENT
The North West Shelf Venture participants and Korea Gas Corporation have signed an LNG sale and purchase agreement for the ongoing supply of liquefied natural gas from Australia's largest resources project.
In a deal starting in April 2009, the North West Shelf Venture will supply Kogas with up to 0.5 million tonnes a year of LNG for seven years on a delivered basis.
Kogas is an important customer of the North West Shelf having signed a contract in 2003 that ends in March 2010. This sale and purchase agreement amends and extends the initial contract.
The six equal participants in the North West Shelf Venture are: Woodside Energy Ltd. (16.67% and operator); BHP Billiton Petroleum (North West Shelf) Pty Ltd (16.67%); BP Developments Australia Pty Ltd (16.67%); Chevron Australia Pty Ltd (16.67%); Japan Australia LNG (MIMI) Pty Ltd (16.67%); and Shell Development (Australia) Proprietary Limited (16.67%).
CNOOC NWS Private Limited is also a member of the North West Shelf Venture but is not a party to this agreement. - Web Site
FOURTH QUARTER REPORT FOR PERIOD ENDED 31 DECEMBER 2006
Annual Highlights
Quarter Key Points
Production Volume
Sales Volume
Revenue
Activities
Changes to Dividend Reinvestment Plan rules - Web Site
Change of Provider of Share Registry Management Services - Web Site
Change of Provider of Share Registry Management Services - Web Site
Compulsory Acquisition Notice for remaining AIH Securities - Web Site
Appointment of Acting General Counsel/Company Secretary and Acting Chief Financial Officer - Web Site
Appendix 3B - Web Site
Second Quarter Activities Report - Web Site
Open Briefing Alkane MD on Project Objectives - Web Site
Investment in Global CBM
The Directors of Arrow Energy NL ("Arrow") are pleased to announce an agreement for the staged investment in and acquisition by Arrow's subsidiary, Arrow Energy International Pty Ltd ("Arrow International"), of Global CBM Pty Ltd ("Global").
Global is in the advanced stages of business development for the acquisition of coal bed methane ("CBM") assets in Indonesia, China, Vietnam and India. Under the agreement between the two companies, Arrow and Global's international business development teams and opportunities will be merged into Global which will be renamed Arrow Global CBM Pty Ltd. Up to $2 million of business development costs for Arrow Global CBM will be funded by Arrow International. In return, Arrow International will receive an initial 50% shareholding interest in Global, will nominate two directors to the four person board and have a 2 year option to acquire the remaining 50% shareholding from the existing Global shareholders. ....... - Web Site
Commences uranium survey at Sylvania - Web Site
UOG: EP 448 Farm-In - Web Site
Second Quarter Activities Report - Web Site
Positive market report received - Web Site
BHP Billiton Plc - Transaction In Shares - Web Site
Drilling commences at Frances Furness Project - Web Site
Shareholder Update - Web Site
VPE: Drilling Report from Marracoonda-2 Oil Exploration - Web Site
AZA ann: Basker Manta Project completion of commissioning - Web Site
Progress Results from the Guadalupe Project - Web Site
Appendix 3B - Web Site
Second Quarter Activities Report - HIGHLIGHTS
DEFLECTOR GOLD-COPPER PROJECT, WA
GULLEWA PROJECT
BRANDY HILL IRON
CORPORATE
Update of Proceedings - Web Site
Becoming a substantial holder x2 - Web Site
Response to ASX Query - Web Site
RC Drilling Rig and Company Update - Web Site
Progress Report - Longonjo Project Angola - Web Site
Tintaburra Weekly Drilling Update - Web Site
Second Quarter Activities Report - Web Site
Dwyka announces diversified growth strategy - Web Site
Early Exercise of Warrants - LL Mining Corporation BV - Web Site
Gas Analysis - Folschviller ST1 Well - Web Site
Activity Update High Island Block 24-L Gulf of Mexico - Web Site
Successful Baxter Shale Test - Wyoming USA - Web Site
Appendix 3B - Web Site
DRILLING UPDATE WELL OCS-G 27089 #1, GULF OF MEXICO
On 8th January 2007, GulfX announced that well OCS-G 27089 #1 in offshore lease South Marsh Island Block 138 ("SMI 138") in the Gulf of Mexico Outer Continental Shelf waters spudded at 05:30 hours CST on 6th January 2007.
At 15:00 hours CST on 17th January 2007, the well was at 2,286 metres (7,500 feet) and drilling ahead with 12 1⁄4 inch drill bit and MWD/LWD. Well total depth is prognosed at 3,627 metres (11,900 feet) TVD.
20 inch casing was previously set at 365.7 metres (1,200 feet) and the last casing string set was 13 3/8 inch set at 1,374 metres (4,508 feet).
The well is being drilled using the Pride Georgia jackup rig in water depth of 69 metres (225 feet).
GulfX is earning a 16.25% working interest in block SMI 138 by participating in this well.
This well is targeting multiple Pleistocene age Lentic sands that range in depth from 2,980 metres to 3,600 metres (9800 feet to 11,800 feet).
The well is targeting an oil resource estimated at between 6.7 million and 10.1 million barrels of oil or if the reservoir contains gas, between 22.5 and 33.6 BCFG (Note 1).
In July and August, 2005, two wells were drilled in the adjoining Block 139, confirming 3D seismic hydrocarbon indicators. Well OCS-G-21106 B2 ST discovered hydrocarbons at approximately 9,500' TVD and nearly 100' deeper they found additional resources followed by mechanical problems causing them to discontinue drilling...... - Web Site
Second Quarter Activities & Cashflow Reports - Web Site
Daily Drilling Report - Appadare-1 - Web Site
BEST EVER COPPER-GOLD DRILLING RESULTS FROM KALKAROO
Havilah Resources NL (Havilah - ASX:HAV) wishes to advise that it has finally received assay results from the last round of drilling conducted at West Kalkaroo in October and November last year, with better results as follows :
| Hole ID | From | To | Metres | Cu% | Au g/t |
| KKRC135 | 123 | 141 | 18 | 0.70 | 0.79 |
| and to EOH | 168 | 182 | 14 | 0.81 | 1.66 |
| KKRC136 | 69 | 171 | 102 | 0.83 | 1.6 |
| KKRC138 | 102 | 168 | 66 | 0.46 | |
| and | 78 | 171 | 93 | 0.74 | |
| KKRC 139 | 87 | 171 | 84 | 0.53 | 0.84 |
| KKRC140 | 75 | 147 | 72 | 0.41 | 0.47 |
| KKRC141 | 75 | 183 | 108 | 0.38 | 0.52 |
This includes 102 metres of 0.83% copper and 1.6 g/t gold in KKRC 136, which ranks as one of the best combined copper-gold results ever achieved in Havilah's drilling and all previous company drilling at Kalkaroo. Converted to gold equivalent grade at current metal prices this intersection equates to approximately 102 metres of 4 g/t gold with an in ground value of roughly A$100 / tonne. KKRC 136 was a carefully targeted infill hole in the area between the existing Kalkaroo orebody and the West Kalkaroo prospect and it was positioned with the benefit of improved geological understanding gained from Havilah's earlier drilling in the area. It is important to note that lower grade copper-gold mineralization (not included in results quoted above) commences at 48 metres depth in this hole, only 10 metres below the base of the Tertiary cover, which gradually decreases in thickness towards the west. ........ - Web Site
Appendix 3B - Web Site
Jump-Up Dam Resource - Web Site
Change of Director's Interest Notice x2 - Web Site
IAMGOLD Announces Results From the Westwood-Mooshla Exploration Project
TORONTO, ONTARIO--(CCNMatthews - Jan. 17, 2007) -
If you are unable to view this release, visit www.iamgold.com.
IAMGOLD Corporation ("IAMGOLD" or "the Company") (TSX:IMG)(NYSE:IAG)(ASX:IGD)(BSE:IAMGOLD) is pleased to announce results of 10 holes from its Westwood-Mooshla underground exploration program. These results include an intersection of 8.0 metres averaging 34.9 grams per tonne (g/t) gold and a one meter intersection averaging 160.6 g/t gold. A surface drilling program in 2004 led to the discovery of the Westwood deposit, located two kilometres east of the Doyon Division, where IAMGOLD is currently operating its Doyon and Mouska mines, located along the prolific Cadillac belt in the Abitibi region of Quebec.
"We anticipated good results from the Westwood-Mooshla underground exploration program. I am pleased that these results have exceeded our expectations," commented Joseph Conway, President & CEO, IAMGOLD. "The initial program was planned with two drills and these results justified the addition of two more drills in November and December. We will continue to explore aggressively with the objective of extending the life of the Doyon Division."
The ongoing drilling program carried out from this drift totals approximately 28 000 meters consisting of 22 holes. In 2006, 16 970 meters of drilling were completed, 6 700 metres of which were completed after September 2006. The intersections from the recent drilling are presented in Table 1. Additional information is shown in the cross sections in Figures 2 and 3...... - Web Site
Attending the 2007 Vancouver Resource Investment Conference, 21 & 22 January - Web Site
Appendix 3B - Web Site
Fourth Quarter Activities Report - Web Site
Boardroom Radio - Audio Broadcast - Web Site
VPE's ann: Drilling Report for Wilpinnie-4 Well, Tomcat Prospect, PPL 93, Cooper Basin, South Australia
Summary:
Victoria Petroleum N.L. as operator for the PEL 115 Joint Venture advises that at 0600 hours C.S.T. today, the current operation was running open hole Drill Stem Test #1 over the interval 1,475 - 1,487 metres to test the oil shows observed while drilling and coring in the mid Namur Sandstone to date. - Web Site
Copper, Gold And Uranium Systems Discovered At Ivanhoe's Cloncurry Project In Northwest Queensland, Australia
Review of past exploration work highlights the uranium potential of Cloncurry's northern tenements
SYDNEY, AUSTRALIA -- Robert Friedland, Chairman of Ivanhoe Mines, and Douglas Kirwin, Ivanhoe's Executive Vice-President, Exploration, announced today that exploration activities at the company's Cloncurry Project in the Mt. Isa District of northwestern Queensland, Australia, have discovered a series of related IOCG (Iron Oxide Copper Gold) systems, some of which have associated uranium.
Speaking at the Sydney Mining Club following the announcement, Mr. Friedland said diamond and reverse-circulation (RC) drilling conducted at the Swan, Amethyst Castle, Castle Mount and Metal Ridge prospects has successfully encountered copper, gold and uranium mineralization in intense alteration zones typical of important IOCG deposits around the world.
Copper and gold mineralization discovered by Ivanhoe in a 2005 drill program at the Swan Deposit has been expanded by the current drilling program. Ivanhoe is conducting a close-spaced, diamond-drilling program to delineate a copper and gold resource at the Swan Project. In addition, reconnaissance drilling at the Amethyst Castle and Castle Mount prospects has encountered significant intersections of classic IOGC-style breccias similar to those that host economic mineralization at the Ernest Henry Mine, near Cloncurry, and the Olympic Dam and Prominent Hill deposits in South Australia's Gawlor Craton. A first-pass drill program at the Metal Ridge prospect has encountered significant copper and gold mineralization similar in style to the Swan Deposit.
Also in 2006, Ivanhoe completed a comprehensive review of the previous 30 years of exploration data that have highlighted the potential for significant uranium mineralization in the northern part of Ivanhoe's 1,450-square-kilometre Cloncurry Project. An airborne radiometric survey completed in late 2006 successfully defined numerous uranium anomalies in the area.
Based on these very positive results, Ivanhoe intends to increase its exploration efforts at Cloncurry in 2007 to include detailed gravity surveys, closely-spaced diamond drilling to define a copper-gold resource at Swan, and an aggressive reconnaissance drilling program to delineate additional mineralization at the highly prospective Amethyst Castle and Metal Ridge targets. Three rigs are on site now and drilling is underway. - Web Site
The latest issue of Stock Analysis opens with an item on Lion Energy. - Web Site
DRILLING UPDATE WELL OCS-G 27089 #1, GULF OF MEXICO
On 8th January 2007, Lion Energy Limited announced that well OCS-G 27089 #1 in offshore lease South Marsh Island Block 138 ("SMI 138") in the Gulf of Mexico Outer Continental Shelf waters spudded at 05:30 hours CST on 6th January 2007.
At 15:00 hours CST on 17th January 2007, the well was at 2,286 metres (7,500 feet) and drilling ahead with 12 1⁄4 inch drill bit and MWD/LWD. Well total depth is prognosed at 3,627 metres (11,900 feet) TVD.
20 inch casing was previously set at 365.7 metres (1,200 feet) and the last casing string set was 13 3/8 inch set at 1,374 metres (4,508 feet).
The well is being drilled using the Pride Georgia jackup rig in water depth of 69 metres (225 feet).
Lion Energy Limited is earning a 30% working interest in block SMI 138 by participating in this well.
This well is targeting multiple Pleistocene age Lentic sands that range in depth from 2,980 metres to 3,600 metres (9800 feet to 11,800 feet).
The well is targeting an oil resource estimated at between 6.7 million and 10.1 million barrels of oil or if the reservoir contains gas, between 22.5 and 33.6 BCFG (Note 1)........ - Web Site
Change of Director's Interest Notice - Web Site
Letter to Shareholders - Update - Web Site
Operations/Projects Update - January 2007 - Web Site
Appendix 3B - Exercise of Options - Web Site
Exploration Update - Bulga Downs Project - Web Site
Carbon Energy - Drilling Commences on Surat Coal Leases - Web Site
Weekly Drilling Report - Web Site
Section 708A Notice - Web Site
Expanded Drilling Program to Re-Commence at Thunder Bay - Web Site
Co-O Mine Adi Update - Web Site
Acquires Mount Morgan Gold Mine Tailings Project - Web Site
NGM ACQUIRES URANIUM PROJECT IN NORTHERN QUEENSLAND - SUMMARY
First Two Workovers Successful at Jester Bloomington - Web Site
Drilling Report:
WELL NAME: Juha 5
Oil Search reports as at 0600 on 18 January, the Juha 5 well was at a depth of 2,063 metres and pulling out of hole while water pumps are being repaired. During the week, 10- 3/4" casing was run and cemented in place to 1,902 metres. Drilling recommenced on 17 January in a 9-7/8" hole in the Ieru Formation. Drilling progress for the week was 161 metres.
Juha 5 is located 40 kilometres north-west of the Hides gas field. Three wells were drilled on the Juha structure in the early 1980s, and proved the presence of a condensate-rich gas accumulation. No gas-water-contact was located in these wells and the Juha 5 well will drill deeper on the structure with the aim of constraining the vertical gas column height. The well is targeting the Toro reservoir at a depth of around 3,000 metres. The planned total depth of the well is 3,700 metres.
The well will be followed by a second well which will drill a large, untested segment adjacent to the proven segment. The objective of the two wells is to increase considerably both the proven and probable reserves.
WELL NAME: Ghard-1
Oil Search reports that as at 0600 hrs Egypt time (+3 hrs GMT) on 17 January, Ghard-1 was at a depth of 3,379 metres and was drilling ahead in an 8-1/2" hole. Progress for the week was 226 metres.
During the week, Ghard-1 encountered oil shows in thin interbedded sandstones in the Bahariya Formation. The significance of the shows will be evaluated by the logging programme which will take place once the well reaches TD.
Ghard-1 is located in the East Ras Qattara concession, Western Desert, Egypt, 12 kilometres north-east of the recently drilled Shahd-1 discovery. Ghard-1 is Oil Search's second well in a two well back-to-back drilling programme in the East Ras Qattara block.
The objectives of the Ghard-1 well are reservoirs in the Cretaceous Abu Roash, Bahariya and Alam El Bueib Formations, with a prognosed total depth of 3,950 metres. Production storage facilities are located in adjacent concessions.
WELL NAME: Bina Bawi-1
Oil Search reports that as at 0600 hrs Iraqi time (+4hrs GMT) on 16 January, the Bina Bawi-1 well was at a depth of 3,010 metres and drilling ahead in an 8-1/2" hole. Progress for the week was 35 metres.
Bina Bawi-1 is located in the Bina Bawi Exploration and Production Sharing Agreement (EPSA) located in the Kurdistan region of northern Iraq. Oil Search has a 20% interest in the Bina Bawi EPSA operator, A & T Petroleum, and has the option to convert its 20% shareholding into a 10% direct interest in the Bina Bawi EPSA.
The primary objective of the Bina Bawi-1 well is the Triassic reservoir with secondary reservoir potential in the Lower Cretaceous and Jurassic sections. The prognosed total depth of the well is 3,050 metres.
WELL NAME: Ghobata-1
Oil Search reports that as at 0600 hrs Yemen time (+3 hrs GMT) on 17 January, the Ghobata-1 well in Block 49 was at a depth of 2,100 metres. Drilling progress for the week was 539 metres.
During the week, an intermediate wireline logging programme commenced. When the wireline logging programme is completed the forward plan is to drill ahead into the fractured Basement.
Ghobata-1 is located 9.5 kilometres south east of the Al Nokhailat-1 well and 3.5 kilometres east of the Balharak-1 well. The primary objective of the well is the Qishn Clastics and fractured Basement, with secondary objectives in the Lam and Kohlan Sandstone. The planned total depth of the well is 2,194 metres. This is the second well in a two well programme in the Block.
WELL NAME: Shaibah-1
Oil Search reports that as at 0600 hrs Yemen time (+4 hrs GMT) on 17 January 2006, the Shaibah-1 exploration well was at a depth of 1,076 metres and running 13-3/8" casing. Progress for the week was 404 metres.
Shaibah-1, in Block 43, Yemen, is located 25 kilometres SW of the Nabrajah Field. The objectives of the well are reservoirs in the Saar and Madbi Formations. The prognosed total depth is approximately 3,240 metres.- Web Site
Second Quarter Activities & Cashflow Reports - Web Site
Appendix 3B - Web Site
RECORD 2006 PRODUCTION, REVENUE AND EBITDAX FOR EXPANDING PETSEC ENERGY
Petsec Energy Ltd (ASX, PSA; ADR's, PSJEY.PK)
Record operational results announced today by Australian-based Petsec Energy Ltd further reflect the Company's expanding presence in the Gulf of Mexico region of the USA.
Petsec Energy's full-year production increased for the fifth successive year, rising 27% to a record 8.2 billion cubic feet of gas equivalent (Bcfe) in the year ended 31 December 2006 from 6.5 Bcfe in 2005.
Net revenue jumped 45% to a record A$78.3 million (US$59.2 million) in the latest year and earnings before interest, taxation, depreciation, amortisation and exploration expense (EBITDAX) was up 33% to A$59.6 million (US$45.0 million).
The average gas price received for sales during 2006 was up 14% to US$7.24 per Mcfe.
Petsec Energy's cash on hand at the latest 31 December balance date was A$33.8 million (US$26.5 million) compared with A$13.8 million (US$10.1 million) a year earlier.
The record results follow Petsec Energy's very high rate of exploration success during 2006, including 8 successful wells out of 9 wells drilled in the Gulf of Mexico. The Company also participated in the significant oil discovery at Wei 6-12 South in China during 2006, in a joint venture operated by ROC Oil. A declaration of feasibility on the China oil project is expected by the end of January.
Most recent Gulf of Mexico successes included the 100% discovery rate achieved with the four exploration wells drilled on the Company's new Mobile Bay leases. These gas discoveries are expected to be brought into production in the second and third quarters of this year.
The Company's exploration effort will gain additional momentum in the current year with between 14-20 wells expected to be drilled in 2007 across its USA onshore and offshore leases, and offshore south coast of China in the shallow waters of the Beibu Gulf. This compares with a total of 10 wells drilled in 2006 and 6 wells in 2005. - Web Site
Interim Drilling Results from Redbank Copper Project NT - Web Site
Rio Tinto plc share transaction 17/01/06 - Web Site
Update - Angola - Web Site
Trading Halt - Web Site
Appendix 3B - Web Site
First Oil Sales from North San Ardo - Web Site
Change of Director's Interest Notice x 4 - Web Site
Response to ASX Share Price Query - Web Site
Shaw River Commences Exploration - Web Site
Harstad-1-15H Enters Target With Oil & Gas Shows - Web Site
Initial Director's Interest Notice x5 - Web Site
Restricted Securities - Web Site
Options Terms & Conditions - Web Site
Constitution - Web Site
Appendix 1 & 2/Summary Exploration Detail - Web Site
Top 20 shareholders - Web Site
Distribution Schedule - Web Site
Pro-forma statement of balance sheet as at 18/01/07 - Web Site
Appendix 1A - Web Site
ASX Circular: Commencement of Official Quotation - Web Site
Initial Director's Interest Notice x3 - Web Site
Open Briefing. Thundelarra. Uranium Exploration Strategy - Web Site
Drilling Report for Wilpinnie-4 Well, Tomcat Prospect, PPL 93, Cooper Basin, South Australia
Summary:
Victoria Petroleum N.L. as operator for the PEL 115 Joint Venture advises that at 0600 hours C.S.T. today, the current operation was running open hole Drill Stem Test #1 over the interval 1,475 - 1,487 metres to test the oil shows observed while drilling and coring in the mid Namur Sandstone to date.
- Web Site
Marracoonda-2 Oil Exploration Well Drilling Report, ATP 752P Cooper - Eromanga Basin, Queensland
Summary:
Victoria Petroleum N.L ("Victoria") has been advised by Bow Energy Limited, the Operator for ATP 752P, that the Marracoonda-2 oil exploration well located in the Wompi Block of ATP 752P in the Cooper-Eromanga Basin, Queensland that the current operation at 0600 hours CST today is drilling ahead at 1,504 metres. - Web Site
Bronzewing Restart Gathers Pace - Highlights:
The Directors of View Resources (ASX:VRE) are pleased to announce continued progress in all key areas relating to the restart of the Company's half million ounce Bronzewing Gold Project.
The previously announced $16.4 million Investec debt facility agreement has now been signed. Together with the $22 million additional funds generated via the recent equity raising, View has the full amount of cash it requires for the calendar year 2007, covering all facets of the Bronzewing restart, the Company's comprehensive $4 million exploration programme at Bronzewing and the Carnilya Hill Nickel Project Joint Venture........ - Web Site
Peru copper exploration joint venture - Web Site
Fourth Quarter Activities Report - Web Site
Exploration targets and program for early 2007 - Web Site
|
Wednesday 16 January 2007 (Close of Business - New York)
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Wall Street finished slightly down Wednesday after the Federal Reserve reported slow but steady regional economic growth, deflating hopes for an interest rate cut that were already dampened by a larger-than-expected producer price index.
The Labor Department said before the market opened that the PPI, an indicator of inflation, rose by 0.9 percent in December -- slower than in November, but faster than the market expected. Later, the Fed reported in its Beige Book of regional economic conditions that the economy is moderating at a steady pace.
The dollar slipped against other major currencies, while gold prices rose.
Crude oil rose for a second day in New York, rebounding from a 19-month low, on signs cold weather in the U.S. Northeast may boost heating demand.
Copper prices in New York fell for the fourth straight session on speculation rising global inventories will outpace slack U.S. demand for the metal used in homes, cars and appliances.
QUARTERLY ACTIVITIES REPORT FOR
THE THREE MONTHS ENDED 31 DECEMBER 2006
| CORPORATE DEVELOPMENTS |
Lakes Oil N.L. and PetroHunter Energy Corporation of Dever, Colorado, have entered into an agreement under which they will jointly develop Lakes Oil's onshore petroleum prospects (focusing on unconventional gas resources) in the Gippsland and Otway basins in Victoria, Australia (Public announcement made on 14 November 2006).
Up to $40 million (US$30 million) is to be spent in Victorian exploration properties including $4 million (US$3 million) capital injection into Lakes Oil.
The arrangement is subject to various conditions precedent, including completion of satisfactory due diligence, and the satisfactory processing of retention lease applications in respect of PEP 157 and PEP 158.
Recent corporate activity at Lakes Oil has been focussed on the efficient preparation of the legal, technical and financial due diligence material that is required to implement the agreement with PetroHunter Energy.
- Web Site
Minutes from Presentation - London - Web Site
Latest Copper intersections at Alpine
Stellar Resources is pleased to report assay results from the two most recent diamond drill holes at the Alpine copper prospect, west coast Tasmania. Both holes intersected copper mineralisation over substantial widths.
Hole AP11 has intersected 49m @ 0.36% Cu, from a vertical depth of 27m, including 5m @ 0.86% Cu (37m - 42m).
(Hole AP11 was collared some 100m north of AP04 which returned 22m @ 1.23% Cu, within a wider zone of 95m @ 0.45% Cu, last April.)
Hole AP12A intersected 182.4m @ 0.17% Cu from 58.6m with a number of higher-grade copper zoneswithin the interval 58.6m - 241m. This vertical hole was terminated at 269.5m. Some of the better individual intercepts included:-
During 2006, in three drilling campaigns, Stellar tested Alpine with eight diamond drill holes and two at Alpine North. Copper mineralisation was intersected in six of these Alpine holes over substantial widths and commencing at relatively shallow depths. The copper mineralisation has so far been demonstrated over more than 200m both in a north-south and an east-westerly direction. Significantly, the average width of mineralisation appears to be in excess of 50m. Importantly, these last two holes have extended the copper-bearing zone substantially to the north and to the edge of (or beyond) the higher magnetic zone.
Holes AP11 and AP12A contain copper in an area of near zero magnetic susceptibility where the copper mineralisation appears to be in a different host rock - and containing some intense silicification. Geological interpretation at Alpine is now more complex, which may be interpreted positively.
Assay results for gold are awaited from both holes.
Drilling continues to define the geometry and tenor of the Alpine copper mineralised zone and drilling is planned to resume in mid February.
Comment
Stellar considers the latest holes to be of great interest. Whilst the large magnetic anomaly has biased recent interpretation, the two new recent mineralised holes have caused us to review the model. Stellar continues to rate Alpine highly......
- Web Site
AIH News Release: Compulsory Acquisition by Alinta - Alinta Reaches 96.2% of AIH - Web Site
Audio Broadcast - Web Site
Major New Orebody Emerging - Henry5 Wiluna
Appendix 3B - Web Site
ENCOURAGING EXPLORATION RESULTS FROM TOMINGLEY GOLD PROJECT
New RC and aircore results from the Caloma and Black Snake Prospects within the Tomingley Gold Project in NSW provide encouragement for additional resources.
Results include:
LAVACA COUNTY NEW PRODUCTION UPDATE
The Directors of Amadeus Energy Limited wish to provide an update on recently completed successful wells in Lavaca County, Texas.
Hoffer #1
Type: Gas wildcat
Location: Hoffer, Lavaca County, Texas
Working Interest: 50%
Operator: Trio Consulting & Management LLC - Wichita Falls, Texas.
Status: The Hoffer #1 is currently making 4 million cubic feet of gas, 95 barrels of oil and 9 barrels of water per day, at a flowing tubing pressure of 5,710 pounds per square inch on an 11/64" choke. Since being placed on production 12 days ago, flowing tubing pressure has shown only small decline rates, associated with increases of choke size, and flow constraints which are due to the fact that only 16 feet of perforations are open. While the potential production rate of this well is substantially higher than the current 4 MMCFD, it is intended that the production performance will be monitored for 15-30 days, before any further increases in production rate.
Renger Sassin "A" #1
Type: Gas wildcat
Location: Halletsville South, Lavaca County, Texas
Working Interest: 25%
Operator: Trio Consulting & Management LLC - Wichita Falls, Texas.
Status: The Renger-Sassin A#1 is currently making 0.712 million cubic feet of gas per day, 8 barrels of oil per day and 2 barrels of water per day, at a flowing tubing pressure of 1,180 pounds per square inch on an 11/64" choke. - Web Site
WEEKLY DRILLING REPORT
Carmichael - Kollman West Unit # 1
Type: Oil development
Location: White Eagle Project, Stafford County, Kansas
Target Depth: 3,500 feet - Arbuckle and Lansing Kansas City zones
Working Interest: 85%
Operator: TNT Engineering Inc- Wichita Falls, Texas.
Status: The well has progressed to target depth as at 11 January 2007 (Kansas time). The well came in structurally as expected and production casing is being set........ - Web Site
Drilling in Laos confirms previous trench results - Web Site
Results of Resolutions from General Meeting - Web Site
Operations Report - High Island-1 Well
Aurora Oil & Gas Ltd (ASX:AUT, "Aurora") advises that at report time (0600 hours on 16 January, 2007 Texas time) the High Island-1 Well, offshore Texas Gulf coast USA, was circulating drilling fluid in preparation for wire-line logging, after reaching Total Depth of 10,073 feet Measured Depth (3,070.3 metres) or 8,172 feet (2,490.9 metres) Total Vertical Depth.
Since the Company's last report on 12 January 2007, the well was drilled directionally from 7,530 feet Measured Depth to Total Depth.
Strong gas shows were obtained in the deeper (oil) target sand, between 9,651 feet and 9,793 feet Measured Depth. Total gas increased from a background of about 14 units prior to the show zone, to an average of 1,154 units, with a maximum of 1,630 units. Analyses indicate the gas is mostly methane with significant quantities of ethane, propane, butane and pentane. The gas analyses and LWD ("Logging While Drilling") logs are consistent with the presence of oil in the formation, although as expected, no fluorescence was observed in the loose sand cuttings.
The economic significance of the gas shows will not be known until wire-line logs are run and evaluated and the results of any tests which may be carried out are available. A report will be issued as soon as this information is available.
Wire-line logging operations are likely to be delayed for a few days by poor weather conditions.
The High Island project is located in 165 feet of water and is surrounded by producing fields and associated oil and gas production infrastructure. Project reservoirs are defined by six drill penetrations and modern 3D seismic and have reserves potential of 3.2 million barrels of oil and 38 billion cubic feet of gas, potentially recoverable from three new wells. Aurora's wholly owned subsidiary Cottesloe Oil & Gas, Inc. ("Cottesloe") has a 30% Working Interest in the project.
Aurora has entered in to an agreement with ASX listed company Gawler Resources Ltd that, subject to Gawler shareholder approval, would result in Gawler Resources acquiring this and future opportunities in the shallow water of the Texas Gulf Coast, with Aurora becoming a major shareholder. Pursuant to the Agreement between Aurora and Gawler, Gawler will lend the money to Cottesloe in order to fund the costs of the High Island project. Subject to shareholder approval, Gawler can acquire 100% of Cottesloe in return for shares and options as previously announced. - Web Site
Commences seismic data acquisition program - Web Site
Appendix 3B - Web Site
ADI ann: New Taiton Weekly Progress Report - Web Site
EXPLORATION UPDATE
Project: Oyster Creek
Prospect: Oyster Creek
Well: Harrison-1
Brazoria County, Texas, Slawson Exploration
Operator, Antares 75%
The Harrison-1 well is currently being prepared for production testing.
Project: Oyster Creek
Prospect: Scott
Well: Scott-2
Brazoria County, Texas, Slawson Exploration
Operator, Antares 67.5%
The Scott-2 well is preparing to spud. Spudding of the well in anticipated during the next three or four days.
Project: New Taiton
Prospect: New Taiton
Well: Ilse-1
Wharton County, Texas, S. Lavon Evans, Jr., Operating Company, Inc.
Operator, Antares 25%
The Ilse-1 well spudded on 1 December 2006 and at 6am this morning was drilling ahead in 12 1/4 inch hole at a depth of 9,209 feet (2,807 metres). Total progress for the week is 2,023 feet (617 metres) which was affected by further rig repairs. The total depth of the well is planned for 17,300 feet.
Project: Little Bear
Prospect: Garcitas Ranch
Well: Garcitas Ranch C-1
Victoria County, Texas, Hollimon Oil Corporation
Operator, Antares 23.5%
The Garcitas Ranch C-1 well spudded 16 December 2006 and is currently at a depth of 10,700 feet. Logs and other tests have been run and are the subject of a separate ASX release today. Casing will be set before drilling on to the main objective. The total depth of the well is planned for 13,000 feet.- Web Site
GAS DISCOVERY AT GARCITAS RANCH
Project: Little Bear
Prospect: Garcitas Ranch
Well: Garcitas Ranch C-1
Victoria County, Texas, Hollimon Oil Corporation
Operator, Antares 23.5%
The Garcitas Ranch C-1 well has drilled to a depth of 10,700 feet and stopped to run logs and set intermediate casing. While drilling the interval from 9,700 feet to 10,300 feet strong gas shows were recorded, necessitating increasing the mud weight to 16.3 pounds per gallon.
Wireline log data collected indicates this well is approximately 95 feet higher than the offset well and has encountered a gross Upper Wilcox interval of approximately 690 feet. Approximately 120+ feet of this gross interval is interpreted to be good quality net sand with calculated porosities in excess of 20% with elevated resistivity indicating the presence of hydrocarbons.
An RFT (repeat formation tester) was run verifying the presence of gas and collecting formation pressures and samples. Four samples were collected between 9,918 feet to 10,134 feet and all confirmed the presence of gas. Formation pressures were in the order of 8,000-8,500 psi. The logging program is continuing with a dipmeter survey and a rotary sidewall core program. Casing will be run over this interval prior to drilling ahead to the primary objective.
This Upper Wilcox section was a secondary target and the primary objective is still another 1,500 feet deeper...... - Web Site
BHP Billiton Plc - Transaction in Shares - Web Site
Investor Presentation - January 2007 - Web Site
Diamond Drilling Commences at Breznik Bulgaria - Web Site
Second Quarter Cashflow Report - Web Site
VPE:Marracoonda-2 Oil Exploration Well Drilling Report - Qld - Web Site
GOG's ann: Daily Drilling Report - Appadare-1 - Web Site
COOPER OIL PROGRAM - UPDATE
Beach Petroleum Limited reports that last week it participated in two new oil discoveries in the Cooper Basin, evidenced by flows at Itchy-1 (2,174 bopd) and Ramses-2 (588 bopd).
Itchy-1 (Beach 20.21%) is located 50km southeast of Moomba, South Australia and 3km east of the Limestone Creek oil production facility. A drill stem test of the Hutton Sandstone resulted in an oil flow at a rate of 2,174 bopd through a 1/2" surface choke. The well has been cased and suspended and will be completed as soon as practicable for oil production.
Ramses-2 (Beach 28.8%) was drilled primarily as a gas appraisal well in the Ramses Gas Field in southwest Queensland, approximately 75km northeast of the Ballera gas plant. A test of the Jurassic aged Poolowanna Formation resulted in a flow of oil to surface at an inferred rate of approximately 588 bopd. The Joint Venture is currently considering options for utilisation of the Ramses-2 wellbore for oil and/or gas production and may consider further appraisal drilling.
These discoveries follow a successful nine-well oil development program in the Yanda Field in SW Queensland (Beach 20%), which was carried out in the period September - December 2006. Prior to 2006, the primary activity at Yanda had been associated with the development of gas reserves in the Permian section, which provided a cornerstone reserve for the Southwest Queensland Gas Project. Oil in the shallower intervals had been recognised in several earlier Yanda wells, but rarely specifically targeted.
All nine wells in the 2006 campaign (Yanda-17 through Yanda-25) were cased and suspended as potential oil producers from the Murta Formation and/or Hutton Sandstone. Completion and connection of these wells are in progress, and oil production is expected to increase to a rate of about 500 bopd (Beach share 100 bopd) through April 2007.
Itchy-1 and the Yanda program are components of the ‘Cooper Oil Program', operated by Santos Limited. In the coming months, the focus of this program will move to the Naccowlah Block (Beach 38.5%) in southwest Queensland, where a drilling campaign of more than twenty wells will be undertaken.
During 2007 Beach expects to participate in the drilling of up to 130 wells associated with the Cooper Oil Program. - Web Site
Drilling Update for the La Patria Project - Web Site
Becoming a substantial holder from MBL - Web Site
Notification of significant holding
Notification of Significant Holding
Farmout Mt Kitty and Magee Prospects Amadeus Basin
It is with great pleasure that Central Petroleum announces the execution of a formal agreement with newly formed Helium focussed group He Nuclear Limited, Chaired by Ian Mutton, a Sydney based resources industry lawyer and company director.
The farmout by Central will involve the funding by He Nuclear of additional pre-drilling seismic and an exploration well in each of the Mt Kitty (EP125) and the Magee (EP 82) Prospects in the Amadeus Basin. The whole initial programme is anticipated to cost in the order of A$10 million with He Nuclear funding A$5 million under an industry standard farmin agreement and Joint Operating Principles.
He Nuclear will fund the programme at the 50% level to earn a 25% participating interest in each of the Prospects and a small area of surrounding acreage leaving room for other parties to potentially farmin to parts of the remaining acreage in the Exploration Permits concerned....... - Web Site
Directors Change of Interest - Web Site
Production Report for Quarter ended 31 December 2006 - Web Site
Notice of General Meeting - Web Site
Fourth Quarter Activities Report - Web Site
Dow Jones release - Web Site
DML Intersects 3% Cu Maun Copper Project - NW Botswana
Discovery Metals Limited announced today the latest results from drilling on the Maun Copper Project in NW Botswana where copper intersections up to 3% have been recorded. The key results are:
Drill hole GD055-06 intersected 5m @ 2.9% Cu within 11m @ 2.0% Cu and 32 g/t Ag within an interval of 16m @ 1.7% Cu and 28 g/t Ag from 77m
Drill hole GD054-06 intersected 10m @ 1.7% Cu and 25 g/t Ag within an interval of 15m @ 1.2% Cu and 18 g/t Ag from 85m
The drill results announced today and in October 2006 show that copper-silver mineralisation grading in excess of 1.7% Cu has now been intersected over 1.45km of strike within the Zeta Inferred Copper Resource (currently 20Mt @ 1.2% Cu). This high grade mineralisation is open along strike and at depth and drilling is currently underway to determine its extent. Further results will be released shortly. This suggests that DML is on track to increasing the grade of the Zeta Inferred Copper Resource when the resource is re-calculated following the completion of drilling (estimated to be in 4-6 weeks time). - Web Site
Appendix 3B - Conversion of listed options - Web Site
Extension of Offer & Level of Acceptances - Web Site
Appendix 3B - Web Site
SIGNIFICANT RESOURCE UPGRADE FOR NORRIS- GROSSMONT GOLD DEPOSIT
REDEMPTION JV RESOURCE INVENTORY EXCEEDS 1.5 MILLION OZS AND EXPECTED TO GROW WITH CONTINUED DRILLING ON HIGH POTENTIAL TARGETS
WA-based gold company Focus Minerals Ltd (ASX: FML) and its joint venture partner, Canadian-based Committee Bay Resources Ltd, have further increased the resource inventory of the Coolgardie Gold Project under development through their Redemption Joint Venture, with the announcement today of a 24% addition to the Inferred Resource estimate of the Norris-Grossmont deposit.
The Norris-Grossmont Inferred Resource now stands at 1,050,000t @ 2.43 g/t Au, for 82,033 ounces, resulting in an overall increase in the Measured, Indicated and Inferred resource inventory for the Redemption Joint Venture to 385,138 Measured and Indicated ounces and 1,151,419 Inferred ounces of gold.
The current Norris-Grossmont resource lies within 120m of the surface along a 1km strike length and remains open down-dip, with mineralised fault surfaces traced for an additional 1.5km by surface mapping, geochemistry and shallow RAB and RC drilling.
This area has historically produced more than 39,000 ounces of gold from open pit and underground operations, mostly during the 1990s, and is located 25km south west, by all-weather road, from the Redemption Joint Venture's 1.2mtpa Three Mile Hill treatment facility, which is scheduled to be re-commissioned during the Second Quarter 2007.
The Norris-Grossmont upgrade comes just weeks after the Redemption Joint Venture reported significant advances on several key ore bodies within the centrally located Tindals Mining Centre within the Coolgardie Gold Project...... - Web Site
BPT ann: Weekly Drilling Report - Web Site
High Island-1 - gas shows consistent with oil in formation - Web Site
Second Quarter Activities Report - Web Site
Becoming a substantial holder from SGX - Web Site
Change of Director's Interest Notice - Web Site
Drilling Results - Belara Project - Web Site
Appointment of Managing Director - Web Site
IMAGE TRIPLES ITS NORTH PERTH BASIN HOLDINGS TO COVER NEW MESOZOIC TARGETS
Following its successful heavy mineral (HM) exploration at Cooljarloo, Image has extended the scope of its exploration targets to the older basement Mesozoic sediments east of the Gingin Scarp. The thick channel-style mineralisation discovered at Cooljarloo is interpreted to occur within these older sediments beneath the shallow younger Pleistocene sediments which have been the subject of most of the HM exploration in the North Perth Basin to date.
Image has applied for three large tenements totalling 1100sq km effectively tripling its land position in the North Perth Basin to 1660sq km, as shown in the attached map, becoming a dominant land holder in the region. The most northern tenement, E70/3092 Cowalla, which extends from just 15km east of the Cooljarloo tenement, contains a prominent interpreted shoreline feature in excess of 40km in length with potential for concentration and exposure of channel-style mineral sands, particularly on the southern end where a number of drainages transect it....... - Web Site
OEL's ann: Move Rig to Bati Umur-1 for Gas Flow Testing - Web Site
Entitlements Issue Successfully Completed - Web Site
Change of Director's Interest Notice x2 - Web Site
General Meeting Results - Web Site
Change in substantial holding - Web Site
Change of Director's Interest Notice - Web Site
Reserve Expansion Drilling Commences - Web Site
NT/P68 Blackwood 2D Seismic Processing Update - Web Site
NT/P68 3D Seismic Processing Update - Web Site
Director Appointment/Initial Directors Interest Notice x2 - Web Site
Change of Director's Interest Notice - Web Site
Appendix 3B - Web Site
PTS: Joint Venture with Newcrest - Mirikata Project - Web Site
Trading Halt - Web Site
New Surface TEM Anomalies Delineated - Web Site
Genorah Transaction to Proceed
The Board of Nkwe Platinum Limited (ASX:NKP) is pleased to advise that the agreement to acquire a 74% interest in the Genorah farms (De Kom and Garatouw) from Genorah Resources (Pty ) Ltd ("Genorah") is now unconditional and the parties will now proceed to complete the transaction.
The Genorah farms are located down dip from both Anglo American's Modikwa and Implats' Marula Platinum Mines. SRK Consulting have reported that the expected target mineralisation on these properties is 15 million oz 3PGE + Au oz at depths of 0-1000m and an additional 20 million oz 3PGE + Au at depths of 1000m-2000m.
Drill rigs have been mobilised on the Genorah farms and drilling will commence this week with an aim of immediately establishing the initial indicated and inferred resource over the coming months..... - Web Site
Approval for Continuation of UK Block 48 - Web Site
Progress Report No. 3 Crux-2 Appraisal Well - Web Site
Appoints new Chief Executives - Web Site
ACTIVITY REPORT - SABARMATI FIELD, GUJARAT, INDIA
Oilex Ltd advises that following approval of the work programme by the Government of India, Oilex is initiating field rehabilitation activities on the Sabarmati Field. On completion of the first of these activities, Oilex expects the production rate from Sabarmati-1 well to increase from the current average 2-5 barrels of oil per day to a sustainable rate of 75-90 barrels of oil per day.
The field is located on the southern culmination of a trend of producing oil fields operated by ONGC, on the outskirts of Ahmedabad, the largest city in Gujarat (Fig. 1). Oil has been produced from the one well in the Sabarmati Field Contract Area at very low rates on an intermittent basis since 2001 when the Niko-GSPC Joint Venture intervened in the well.
PLANNED WORKOVER
Late last year, in anticipation of approval by the Government of the assignment of 40% interest from Niko in the field, Oilex commenced an influx study on the potential productive capacity of the existing well. The rate at which fluid flowed into the well bore under controlled pressure conditions was measured over a fixed period each day in 2 phases. The fluid was separated through the surface facilities, measured to ascertain the average water cut and the oil was stored for later sale to ONGC, the nominated buyer. The proportion of water in the total fluid volume dropped to about 2% - 5% after the first day of testing and maintained that level for the duration of both phases.
The well has produced, in total, about 9,800 barrels of oil since it started producing in 2001 and is currently producing at 5-10 barrels of fluid (2-5 barrels of oil) per day under natural flow from an Eocene reservoir which is about 5m thick, through 2m of perforations. The results of the influx study indicate that the flow rate could be increased to an average sustainable rate of about 75-90 barrels of oil per day with the installation of an hydraulic sucker rod pump. The equipment is on order and is expected to be installed by the end of February. Existing production facilities at Sabarmati Field are capable of handling more than 600 barrels of fluid (oil plus water) per day.
PLANNED SEISMIC
From experience at the Cambay Field to the south, a critical component of the rehabilitation program is the acquisition of new seismic data. Although difficult to acquire in this built up area, Oilex is investigating the possibility of conducting a survey within the next 4 months using an innovative low impact seismic technology which will greatly enhance the potential coverage of the contract area. A single vintage seismic line is the only existing coverage...... - Web Site
Sect 708A Notice and Appendix 3B - Web Site
Appendix 3B - Web Site
Conventional Oil & Gas Update - Oriva Federal Project - Web Site
New Mills Ordered for Smokey Hills PGM Project - Web Site
PETSEC ENERGY TO DRILL EUGENE ISLAND 310 GULF OF MEXICO, USA
DRILLING TO COMMENCE MARCH
Petsec Energy announced that drilling plans for its Eugene Island 310 prospect have been brought forward after securing a rig to drill the prospect, in 204 feet of water located 87 miles offshore Louisiana, in the Gulf of Mexico, USA and 45 miles to the south-east of the Company's Vermilion 258 gas production platform.
The Company holds a 50% working interest in the lease (39.91% net interest before payout and 30.93% net interest after payout). Royal Exploration Company is the operator of the well.
Drilling is expected to commence in early March 2007 to test a 10-20 Billion cubic feet of gas equivalent (Bcfe) target, both gas and condensate, (4-8 Bcfe net to Petsec Energy before payout). The target is updip to an undeveloped gas and condensate discovery made by Transco in 1977. It is anticipated that a successful well could be brought into production towards the end of 2007.
Eugene Island is one of three wells planned to be drilled in the Gulf of Mexico in the first quarter of 2007. The other two wells are planned for Mobile Bay 994, commencing in mid February. Also in mid February, Petsec Energy plans to commence its 6-9 well drilling programme onshore Louisiana at the Company's Moonshine Project. - Web Site
Change in substantial holding - Web Site
Fourth Quarter Activities Report - Web Site
Asmara Results 17/1/2007 - Full Copy - Web Site
WHITE MOUNTAIN RESOURCE INCREASES TO 846,000 OUNCES - Highlights
Sino Gold Chief Executive Officer, Jake Klein, commented:
"The result has exceeded our expectations. The team at White Mountain has achieved one of our key goals for 2006 by advancing the project towards becoming Sino Gold's next mine. Our understanding of the deposit has been significantly enhanced by the more than 40,000m of drilling completed during the year.
"Evaluation of White Mountain is continuing during 2007 with an aggressive objective of bringing the project into production in late 2008." - Web Site
Results of EGM held today 17 January 2007 - Web Site
Second Quarter Cashflow Report - Web Site
Fourth Quarter Activities Report - Web Site
Appendix 3B - Web Site
Constitution - Web Site
Appendix 1A - Application for admission to official list - Web Site
Terms & Conditions of Convertible Preference Shares - Web Site
Terms/Conditions of Listed Options - Web Site
Confirmation of Completion of Tenement Acquisition Agreement - Web Site
Pro-Forma Capital Structure - Web Site
Top 20 shareholders & optionholders - Web Site
Distribution Schedule - Web Site
Pre-Quotation Disclosure - Web Site
ELEASE DATES FOR DECEMBER 2006 QUARTERLY REPORT AND PRELIMINARY FINAL RESULTS - Web Site
Nickel Assets - Web Site
Appendix 3B/Section 708A Notice - Web Site
VULCAN BOOSTS RESOURCES AT KYLYLAHTI PROJECT
Secures Additional Exploration Potential
Vulcan Resources Limited ("Vulcan") (ASX: VCN) today announced that it has agreed with Mondo Minerals ("Mondo"), a privately owned talc miner and processor, to exchange mineral rights on adjoining tenements and to cooperate on infrastructure, water resources and other matters relating to the development of the Kylylahti Copper Project.
In consideration for a €1/tonne royalty, Vulcan will have the right to mine and explore for base metals on Mondo's Mining Licence (Licence 2568). This licence contains the shallow continuation of the Kylylahti deposit north of Vulcan's Resource (Figure 1). The Resources in the Mondo licence adds to the Kylylahti Resource, bringing the total Resource to 7.45 million tonnes..... - Web Site
Drilling Report for Wilpinnie-4 Well, Tomcat Prospect, PPL 93, Cooper Basin, South Australia
Summary:
Victoria Petroleum N.L. as operator for the PEL 115 Joint Venture advises that at 0600 hours C.S.T. today, the current operation was pulling out of the hole with Core#1 after cutting a 9 metre core from 1,478 – 1,487 metres prior to running an open hole Drill Stem Test. Oil shows continued to be observed while drilling and coring and extend over the 21 metre interval from 1,446 – 1,487 metres in the mid Namur Sandstone. - Web Site
Drilling Report - Marracoonda-2 Oil Exploration Well Drilling Report, ATP 752P Cooper - Eromanga Basin, Queensland
Summary:
Victoria Petroleum N.L ("Victoria") has been advised by Bow Energy Limited, the Operator for ATP 752P, that the Marracoonda-2 oil exploration well located in the Wompi Block of ATP 752P in the Cooper-Eromanga Basin, Queensland that the current operation at 0600 hours CST today is drilling ahead in 8 ½ inch hole at 1,360 metres. - Web Site
BWP: Agmt to acquire three Blackwoods office/warehouse props - Web Site
Section 708A Notice
Woodside Dividend Reinvestment Plan Rules 16 Jan 07 - Web Site
Appendix 3B
|
Tuesday 15 January 2007 (Close of Business - New York)
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| All Ords | 5650.4 | +1.4 | Dow Jones | 12,582.59 | +26.51 | |||
| ASX100 | 4582.8 | -4.8 | S&P 500 | 1431.90 | +1.17 | |||
| ASX200 | 5673.4 | -0.4 | Nasdaq | 2497.78 | -5.04 | |||
| ASX300 | 5680.5 | +0.5 | NYSE Volume | 2,526,976 | ||||
| Materials (Sector) | 10,441.8 | -62.8 | US 10-Year Bond | 4.751% | -0.020 | |||
| All Ords Gold (Sub Industry) | 4573.4 | -36.4 | Gold - spot/oz | US$625.00 | -0.40 | |||
| Metals & Mining (Industry) | 3439.1 | -27.5 | Silver - spot/oz | US$12.53 | -0.25 | |||
| Energy (Sector) | 12,118.8 | +61.2 | Platinum - spot | US$1137.00 | -9.00 | |||
| AGC Macquarie Au | 5094 | -31.8 | Palladium - spot | US$330.00 | unch | |||
| Hartleys Explorers Index | 14,652 | +124.4 | Uranium - spot US$/lb | US72.00 | unch | |||
| Shanghai Composite | 2821.0 | +26.3 | Bridge CRB Futures Index | 384.25 | -2.38 | |||
| Hang Seng | 20,028.0 | -40.6 | Light Crude (NYM - $US per bbl.) | US$51.21 | -1.78 | |||
| Nikkei | 17,202.5 | -7.5 | Natural Gas (NYM - $US/mmbtu) | US$6.69 | -0.01 | |||
| India BSE 30 | 14,114.7 | -14.9 | Copper (LME - spot $US/tonne) | 5656 | +69 | |||
| FTSE 100 | 6215.7 | -47.8 | Lead (LME - spot $US/tonne) | 1629 | -7 | |||
| German DAX | 6716.8 | -14.9 | Zinc (LME - spot $US/tonne) | 3813 | -12 | |||
| A$ = US78.28 | -0.12 | Nickel (LME - spot $US/tonne) | 36,050 | +850 | ||||
| A$ = 94.50yen | +0.08 | Aluminium (LME - spot $US/tonne) | 2809 | -1 | ||||
| A$ = 0.606Euro | unch | Tin (LME - spot $US/tonne) | 10,720 | +120 | ||||
| Click on Links to Access Charts | ||||||||
Wall Street ended an erratic session mixed Tuesday with the Dow Jones industrials reaching a third straight record close despite concerns about corporate profits and the impact of falling oil prices. The market struggled to digest a drop in oil prices, which fell to a 19-month low near $51 a barrel, on a report that OPEC leader Saudi Arabia said there may be no need for further production cuts.
Declining issues outnumbered advancers by about 2 to 1, on slightly lower volume, on the New York Stock Exchange.
The bond market drew some support from a New York Federal Reserve report that the pace of manufacturing in its region reached its lowest level since the summer of 2005.
Copper prices in New York fell for the third session in a row on speculation demand will lag behind supplies with global inventories of the metal close to the highest since July 2004.
Copper and aluminium are expected to extend their losses this year, but supply shortages mean nickel and zinc could revisit recent highs, a Reuters survey showed. The survey also showed gold will eke out modest gains in 2007 and 2008 due mainly to expectations of dollar weakness. Silver, by far the top performer in 2006, also had the strongest growth potential in 2007, but platinum was seen down around one percent and by another nine percent in 2008.
Presentation to the 38th Minesite Forum - London - Web Site
Change in substantial holding for AIH - Web Site
Jinchuan Group Share Placement - Web Site
Results of General Meeting - Web Site
Cancellation of shares - Web Site
Initial Director's Interest Notice - Web Site
Change of Director's Interest Notice - Web Site
Appendix 3B - Web Site
Change of Director's Interest Notice x 2 - Web Site
Watershed Proj - Progress Report & New Tungsten Intercepts - Web Site
Change of Director's Interest Notice - Web Site
AFR article on potential offers for Alinta - Web Site
Preliminary results from second phase of drilling at Apollo Hill main zone
Apex Minerals NL (ASX: AXM) advises that it has received preliminary results from its second drilling program at the Apollo Hill Joint Venture (see table below). This program, which focussed on the Main Zone of mineralisation, has successfully extended the mineralised system a further 70 metres to the north and down plunge, albeit at a lower apparent grade than that reported from previous drilling carried out to the south, and possibly modified by a fault. Key results from these holes are summarised below, and shown on the attached cross sections and long projection:
A diamond hole was also drilled down the interpreted dip of the mineralisation to better define the internal distribution of oblique gold-bearing quartz veins within the overall envelope of alteration and its influence on grade distribution. The most significant intersections from this hole are summarised below and are also shown on the attached long projection:
Where this hole remained within the alteration zone it successfully confirmed the presence of mineralisation, with several higher grade zones being associated with more intense quartz veining..... - Web Site
ARC ENERGY ACQUIRES FURTHER CANNING BASIN ACREAGE PRIOR TO START OF EXTENSIVE EXPLORATION DRILLING PROGRAM
ARC is pleased to announce that it has further consolidated its position in the Canning Basin with the acquisition of interests in an additional four blocks on the western side of the Basin. Two of the blocks are subsequent to successful work program bids and the other two of the blocks are via farmin to areas held by an Empire Oil led joint venture.
In relation to the bid blocks, the Company has been formally advised by the WA Department of Industry and Resources that ARC is the preferred applicant for blocks App 3/06-7 and App 4/06-7, subject to Native Title negotiations, and these will be awarded to ARC upon the successful completion of these negotiations. The farmin to the other two blocks, EP 438 and EP 448, involves the acquisition of aeromagnetic data over the blocks as part of a wider survey to be acquired over ARC's SPA's in the east and north of the Canning Basin.
ARC will earn an initial 5 percent interest and the right to earn up to 75% interest in each permit by carrying out additional exploration up to an expenditure of A$3 million on each permit. ARC has an aggressive drilling program currently underway in the Perth Basin and will mobilise Century Rig 18, which it has under long term contract, to the Canning Basin in late April to early May 2007, subject to weather conditions. ARC's Canning Basin exploration program will then commence with the Stokes Bay-1 well, located in onshore permit EP 104....... - Web Site
AWE's Tui-2H drilling update
AWE Ltd ("AWE") reports that as at 0600 hours today, the Tui-2H well had been drilled to a measured depth of 3,427 metres. During the past week, progress on the current hole section has been 1,289 metres.
The Tui-2H drilling programme involves the drilling of a pilot hole to approximately 4200 metres measured depth through the F-Sand oil reservoir section, to guide the landing of the well in the reservoir. A horizontal production hole will then be drilled close to the top of the reservoir.
The Tui Area Development is located within PMP 38158, in the Taranaki basin, approximately 50 kilometres offshore of the west coast of the North Island of New Zealand. First oil is expected from the development by June 30, 2007, and when fully commissioned, a production rate peaking at 50,000 bopd is anticipated. - Web Site
Bismuth adds significant value to the Kingsgate Project
Auzex released a report to the ASX last month outlining the high grade potential of the Company's 100% owned Kingsgate Molybdenum Project. The report also highlighted that the amount of Bismuth identified within the trial pit area was greater than expected.
Bismuth is a valuable metal in its own right. It is currently trading at A$23,200 per tonne which is more than 3 times the current price of copper. Bismuth has a low toxicity and is often used as a replacement for lead particularly in cosmetics (including lipstick), medical procedures and pharmaceuticals. It has a high electrical resistance and low melting point and, as a result, is used in alloys within electrical fuses and in automatic fire alarm and sprinkler systems. It is also used in food processing equipment and plumbing applications. Recent demand for the metal has been strong, resulting in significant price gains.
Auzex has previously reported drill results of the quartz pipe which was the subject of our Trial Mining process. These results revealed an average grade of 0.34% Molybdenum and 0.64% Bismuth (combined grade equivalent to 0.55% molybdenum or 15g/t gold *) within the pipe.
The value of the Bismuth mineralisation is likely to add significant value to the Kingsgate project. As previously mentioned, a scoping study for development of the project is currently being completed and is due for release in April 2007........ - Web Site
Mauritanian Drilling Update For Heron 1 (Block 20)
The land-drilling rig ZJ50LDB operated by drilling operator GWDC (Great Wall Drilling Company) has continued drilling the CNPCIM operated Heron-1 exploration well in coastal Block 20 onshore Mauritania, West Africa.
As at 2:00 pm (AWST) on the 15 January 2007, the operation was drilling ahead in 8 1/2 inch hole at a depth of 3430 metres with no shows. Continued reduced penetration rate has been due to the Operator attempting to reduce the deviation angle (angle from vertical) of the well.
Formation penetrated was largely claystones with decreasing sandstones and occasional limestones.
The next zone of special is Aptian aged limestones and sandstones. The Lower Albion aged section, which lies above the Aptian has been penetrated deep to prognosis resulting in a revised estimated depth of the Aptian from 3600 to approximately 3800 metres. The entire section from 2200 metres to the total depth of the well, has potential reservoir seal pairs and occurs within closure of the Heron structure and therefore has the potential to contain hydrocarbons.
The Total Depth (TD) of the Heron-1 well will be revised based on the depth at which the Aptian is penetrated. Four casing strings planned. Due to the slow penetration rate the well is expected to take longer than the three months originally planned.- Web Site
Quarterly Activities Report - Highlights
Oyong Production Vessel Contract Awarded
Cue is pleased to announce that the contract for the Oyong field production vessel has been awarded to PT Pulau Kencana Raya for use of the Seagood 101 production barge.
The Oyong field is located in the Sampang PSC area, offshore East Java, Indonesia.
The Seagood 101 is being modified in Batam, Indonesia for service on the Oyong field. Modifications are underway and the vessel is expected to be in position by June 2007, to take delivery of first oil by the end of the second quarter at an estimated initial rate of 10,000 barrels of oil per day.......- Web Site
High Grade Drill Results at Penfold Gold Project......- Web Site
Fourth Quarter Operations Review
RANGER
Record quarterly production was achieved as a result of sustained mill throughput and higher head grade. The acid plant performed as planned during the quarter and acid production was supplemented through external purchases.
Production for the year was 20 per cent below that in 2005. This was due to the elevated water level in the pit, resulting from an unusually high rainfall wet season, preventing access to high grade ore in the second and third quarters. In addition, in the second quarter production was further impacted by a reduction in the volume of ore treated due to difficulties experienced in bringing the acid plant back to full production after a planned maintenance shutdown. Work to evaluate optimum long term acid supply options is nearing completion and a decision on future long term supply is expected in the first quarter.
Ore mined in the quarter increased 107 per cent over the corresponding quarter in 2005 as the operation focussed on stockpiling sufficient ore to lessen the impact on future production should the wet season be unusually heavy. Ore milled for the quarter was one per cent higher than the corresponding quarter in 2005. Compared with the third quarter 2006, the eight per cent reduction in ore milled was a reflection of the 70 per cent increase in mill head grade to 0.34 per cent. This was due to improved access to higher grade material.
Sales commitments were met through production, inventory management and a uranium loan. Uranium demand remains strong and prices continue to strengthen. The spot market price at the end of December was US$72.00 per pound (December 2005: US$36.13 per pound). ERA's average contractual sales price is only partially influenced by the spot market due to its portfolio of contracts containing a range of pricing mechanisms entered into when the uranium oxide market was considerably weaker.
EXPLORATION AND EVALUATION
Expenditure on exploration and evaluation on the Ranger Project Area for 2006 was $7.2 million. Exploration drilling concentrated on improving geological information on a potential resource extending from the east of the current operating pit (Ranger 3) during the fourth quarter. In addition, planned holes on the Ranger 18 East target (three kilometres to the north of Ranger 3) were completed following interpretation of the airborne geophysical surveys conducted in 2005.
During December, as part of a public process, an application was lodged with the Northern Territory government for an exploration licence over the Angela and Pamela uranium deposits, located 25 km south of Alice Springs. This follows the government's lifting of a "Reservation from Occupation" on the deposits earlier in the month......- Web Site
QUARTERLY REPORT FOR THE PERIOD ENDED 31 DECEMBER 2006 - HIGHLIGHTS
INDERAPURA COAL PROJECT
The directors of Grange Resources Limited ("Grange") are pleased to announce that Grange has entered into a conditional agreement with Coziron Resources Ltd regarding the involvement of Grange in a joint venture for the development of the Inderapura coal tenements (KW05191BBI Inderapura and KW05192BBT Tapan) located in West Sumatra, Indonesia.
The agreement is subject to a number of conditions including due diligence satisfactory to Grange being completed. In the event that the conditions are satisfied, Grange will be required to commit to expenditure of $1 million on project exploration and pre-development activities and the parties will enter into a formal Joint Venture Agreement that will document the agreed arrangements in further detail. - Web Site
VPE: Drilling of Wilpinnie 4 Well on Tomcat Prospect.
Summary:
Victoria Petroleum N.L. as operator for the PEL115 Joint Venture advises that under the terms of the PPL 93 Wilpinnie North Block Farmout Agreement with the PPL 93 Joint Venture, drilling of the Wilpinnie-4 well to test the Tomcat Prospect commenced at 1730 hours Central Standard Time (C.S.T) on the 9 January 2007. At 0600 hours C.S.T. today, the current operation was preparing to drill ahead at 1,469 metres in the mid Namur Sandstone.......- Web Site
KZ5 Exploration Update
The Board of Integra Mining Limited (Integra) is pleased to provide an update on exploration activities at the KZ5 prospect which hosts gold-zinc rich poly-metallic Volcanogenic Massive Sulphide (VMS) style mineralisation:
Rapu Rapu Project Update
Lafayette is pleased to announce that the remediation program on the island of Rapu Rapu in the Republic of the Philippines to repair the damage caused at the Project site by Supertyphoon Reming is proceeding on schedule. The base metals plant and ancillary infrastructure required for the restart of production of copper and zinc concentrates are expected to be available in early February 2007.
The remediation program is proceeding with substantial support from Leighton Contractors (Philippines) Inc under a phased ‘cost plus' open book contract with phase 1 giving priority to the works required to safely restart production as soon as possible.
The Company is confident that reliable production of commercial quality copper and zinc concentrates can be rapidly re-established after the re-start of the base metals plant. Based our recent discussions with the DENR, Lafayette is confident that a PLO will be issued as soon as the phase 1 repairs (ensuring a safe re-start) have been completed in early February 2007. - Web Site
MIRABELA SIGNS LAND ACQUISITION AGREEMENTS FOR SANTA RITA
Mirabela Nickel (ASX; MBN) is pleased to announce that it has signed agreements to purchase all land required to develop the Santa Rita nickel sulphide deposit. This includes the surface rights immediately over the Santa Rita deposit and the surrounding areas for plant, waste dumps and tailings dam. Four separate farms comprising a total of 1,724 Ha will be acquired at an average price of R$7550/Ha.
The acquired area also includes surface rights over the Serra Azul nickel saprolite deposit (JORC Indicated Resource of 1.4mt @ 2.3% Ni), which lies within a few hundred metres of the projected open pit for Santa Rita.
The acquisition of surface rights is an important milestone for the Company, as it secures control over the project area, thereby avoiding any complications and possible delays that might result from land ownership and access issues. The project remains on track to obtain all necessary licences by April to commence construction. - Web Site
POTENTIAL FOR HIGH VALUE RESOURCE ADDITIONS AT OXIANA'S PROMINENT HILL PROJECT AND GOLDEN GROVE OPERATION
Further to Oxiana's announcement on the 28th December 2006, regarding significant exploration results received at the Prominent Hill copper-gold project in South Australia and the Golden Grove base and precious metals operation in Western Australia, additional results have now been received and evaluated.
Prominent Hill
The recent drilling results from Prominent Hill clearly demonstrate that the copper-gold system extends at least twice as far as previously outlined, with high tenor copper and gold mineralisation intersected up to 500 metres beneath the planned open pit. The first two holes are drilled approximately 350 metres apart and the mineralisation is completely open at depth and along strike of these new intercepts.
Better results include:
HOLE D276
HOLE D277
Wide intervals of gold only mineralisation also occur both within and peripheral to the copper - gold system and appear to be improving at depth.
These results are illustrated in Figures 1, 2 and 3 and demonstrate the high potential to significantly expand the size of the Prominent Hill resource. Full results are appended in Table 1.
Preliminary studies into the potential and possible timing for underground mining have commenced. Several bulk mining methods will be investigated. A major drill program utilising four high capacity rigs will continue throughout the first half of 2007 to further evaluate the Prominent Hill system and establish a new resource estimate for the deposit.
The Prominent Hill pre-strip is now at 20m and remains on schedule for the commencement of mining of ore in early 2008, with first commercial production of concentrates in the third quarter of 2008.
Golden Grove
Following the high grade copper intersection beneath Xantho (at Gossan Hill) reported in October, Oxiana reported a wide intersection of visual zinc and copper mineralisation 400 metres beneath the Scuddles deposits (see Figure 4) in December. Assay results for that hole have now been received and confirm the high grade copper and zinc mineralisation:
Results included:
HOLE SC098D1
The Scuddles mine is to re-open early in the second quarter of 2007 to recover additional high grade copper and zinc ore remaining after previous mining. This new intersection highlights the potential for further additions to mine life and annual capacity. Development options for these potential resource additions will be assessed.
Both this and the Xantho discovery continue to demonstrate that Golden Grove is a world-class VHMS system with excellent potential for significant resource and reserve growth.
Oxiana has increased its Golden Grove exploration budget allocation for 2007 to some A$15M and drilling will continue throughout the year to determine the resource potential associated with these recent intercepts...... - Web Site
Tui-2H Drilling Update
Pan Pacific Petroleum N.L. ("PPP") reports that as at 0600 hours today, the Tui-2H well had been drilled to a measured depth of 3,427 metres. During the past week, progress on the current hole section has been 1,289 metres.
The Tui-2H drilling programme involves the drilling of a pilot hole to approximately 4200 metres measured depth through the F-Sand oil reservoir section, to guide the landing of the well in the reservoir. A horizontal production hole will then be drilled close to the top of the reservoir.
The Tui Area Development is located within PMP 38158, in the Taranaki basin, approximately 50 kilometres offshore of the west coast of the North Island of New Zealand. First oil is expected from the development by June 30, 2007, and when fully commissioned, a production rate peaking at 50,000 bopd is anticipated..... - Web Site
APPOINTMENT OF CHAIRMAN
Sydney Gas is pleased to announce that Dr John Saunders has accepted appointment as non-executive Chairman of Sydney Gas Ltd and its subsidiaries with immediate effect.
Mr Anthony Sennitt will continue in his role as Deputy Chairman and a non-executive Director. - Web Site
LEE-3 GAS AND CONDENSATE DEVELOPMENT WELL UPDATE
Location
The Lee-3 well is located in Production Licence TL/1, and will be drilled as a deviated well from the Linda Platform. The bottom hole location lies approximately 2.5 kilometres South East from the Linda Platform.
Progress
As at 06:00 hours this morning, the well has drilled ahead to 2,480 metres measured depth and will continue to drill to a total depth of approximately 4,400 metres measured depth (2,600 metres true vertical depth).
Tap Comment
The Lee-3 development well is a deviated well, designed to produce gas and condensate from the Lee Gas Field, discovered by previous exploration well Lee-1. The well is expected to take approximately 15 days to reach total depth and is planned to intersect up to four producing reservoirs delineated by the Lee-2 appraisal well..... - Web Site
MAJOR ZINC-LEAD-SILVER DEPOSIT CONFIRMED AT MANBARRUM WITH FURTHER SIGNIFICANT DRILLING RESULTS
HIGHLIGHTS
Corporate Presentation Update - Web Site
Drilling Report for Wilpinnie-4 Well, Tomcat Prospect, PPL 93, Cooper Basin, South Australia
Summary:
Victoria Petroleum N.L. as operator for the PEL115 Joint Venture advises that under the terms of the PPL 93 Wilpinnie North Block Farmout Agreement with the PPL 93 Joint Venture, drilling of the Wilpinnie-4 well to test the Tomcat Prospect commenced at 1730 hours Central Standard Time (C.S.T) on the 9 January 2007. At 0600 hours C.S.T. today, the current operation was preparing to drill ahead at 1,469 metres in the mid Namur Sandstone - Web Site
Marracoonda-2 Oil Exploration Well Drilling Report, ATP 752P Cooper – Eromanga Basin, Queensland
Summary:
Victoria Petroleum N.L ("Victoria") has been advised by Bow Energy Limited, the Operator for ATP 752P, that the Marracoonda-2 oil exploration well located in the Wompi Block of ATP 752P in the Cooper-Eromanga Basin, Queensland that the current operation at 0600 hours CST today is drilling ahead in 8 ½ inch hole at 890 metres. - Web Site
NEW URANIUM PROJECT FOR WILDHORSE ENERGY IN HUNGARY
WildHorse Energy Limited (ASX:WHE) is pleased to advise that it has identified and been granted a prospecting licence for a new project at Máriakéménd to add to its uranium portfolio in southern Hungary, close to its existing projects in the Pécs region. The new project is located approximately 15 kilometres to the southeast of Pécs and covers some 177 square kilometres.
The Máriakéménd Project is interpreted be an extension of the geology of the Western Mecsek Mountains, which hosts the Pécs project, a region with a history of large-scale uranium mining close to Pécs. The geology does not outcrop, as it is overlain by Neogene sediments. However, a number of drill holes were completed across this area to determine the geology and structure. ...... - Web Site
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Monday 15 January 2007 (Close of Business - New York)
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US markets were closed Monday for the Martin Luther King Junior Day public holiday.
World stock markets closed higher Monday, with European indexes buoyed by merger and acquisition activity.
In the UK leading shares closed firmer but below the early morning peak in thin trade today lacking any lead from Wall Street.
Crude oil traded near $53 a barrel amid doubts OPEC, which produces 40 percent of the world's oil, will cut output enough to prop up prices, as demand eases during a mild winter.
Copper fell for a second day on concerns re rising stockpiles and slowing demand.
GNL: Erayinia Update - Web Site
Second Quarter Cashflow Report - Web Site
New Appointments - Web Site
Appendix 3B - Web Site
Placement - Web Site
Marracoonda 2 Oil Exploration Well Spuds - Web Site
Change of Director's Interest Notice - Web Site
Top 20 shareholders - Web Site
Appendix 3B - Web Site
Appendix 3B - Escrow Release - Web Site
Amended Appendix 3B - Web Site
Heads of Agreement with GRR - Web Site
Appendix 3B - Web Site
Appendix 3B - Web Site
Initial Director's Interest Notice - Web Site
Final Director's Interest Notice - Web Site
UraMin Statement on GRD Minproc Appointment - Web Site
Appendix 3B - Web Site
Notice of General Meeting - Web Site
Initial Director's Interest Notice - Web Site
VPE ann: Drilling Report for Wilpinnie-4 Tomcat Prospects - Web Site
Ceasing to be a substantial holder from CBA - Web Site
Section 708A Notice - Web Site
Release of securities from escrow - Web Site
Free Bonus Option Documents - Web Site
Appendix 3B - Web Site
Initial Director's Interest Notice - Web Site
Removal from Official List
Cambay-72 Completion Programme Gujarat India - Web Site
Change of Director's Interest Notice - Web Site
QGC's ann Weekly Drilling Report - Web Site
New Zone Discovered - Grumesa Gold Project - Web Site
Journalist Briefing Presentation - Web Site
Change of Director's Interest Notice - Web Site
Appendix 3B - Web Site
Media Release - Drilling intersects major new sulphide zone - Web Site
Impact of Victorian bushfires - amended timetable
West Cycad-2 Oil Development Well Update - Web Site
Initial Director's Interest Notice - Web Site
Change of Director's Interest Notice - Web Site
Appendix 3B - Web Site
Change in substantial holding - Web Site
Marracoonda-2 Oil Exploration Well Drilling Report - Web Site
Peculiar Knob Drilling Program has Commenced - Web Site
RESOURCE DELINEATION DRILLING RE-COMMENCES AT THE KODU COPPER - GOLD - MOLYBDENUM DEPOSIT
Frontier Resources have re-commenced resource delineation drilling at the Kodu copper-gold- molybdenum Deposit in Papua New Guinea following the Christmas break. The Company is currently working on the initial 2,000m component of its planned approximately 10,000m resource delineation and expansion drilling program.
Three holes were completed in the central sector of the Kodu Deposit during the fourth quarter of 2006 for a total of 948m. Each hole contained varying quantities of visually typical porphyry copper- gold-molybdenum mineralisation plus related alteration, suggesting that the target zone was successfully intersected. Samples for these holes have now been received at the laboratories in Townsville and Brisbane, however, results are not anticipated to be completed and reported until mid- February due to large laboratory backlogs.
Hole KFD003 at Kodu was re-entered (at 211.1m) with the objective of drilling to at least 300m downhole depth. The hole is planned to drill across the width of the orebody through the porphyry and then into and through the mineralised metasediment wall rocks. This should provide meaningful information regarding the width of the deposit in this sector (which is presently poorly constrained), with the objective of increasing the tonnage and average grade of copper-gold-molybdenum mineralisation.
Frontier's second diamond drilling rig is scheduled to arrive in Port Moresby in a week and commence operations in the southern sector of the deposit in the near surface higher grade gold section of the deposit in late January/early February.
The Kodu Deposit contains an Inferred Resource of approximately 507,000 tonnes of contained copper equivalent in 108Mt grading approximately 0.47% copper equivalent (0.33% copper + 0.42g/t gold + 60ppm molybdenum - see ASX release 11 August 2006). - Web Site
Employee Share Plan & Appendix 3B - Web Site
ABM Resources are sole funding a further $750,000 on exploration to increase its interest to 70% and following this Great Gold Mines will have a 30% free carried interest to decision to conduct a feasibility study.
"In an area to be called "The Hook" six magnetic anomalies have been identified. The Hook area is very interesting given its concentrated faulting, folding and potential shearing over a strike length of approximately 5 km.
Initial reconnaissance in the vicinity of the largest of the aeromagnetic anomalies identified from a regional magnetometry survey, has revealed lithologies similar to those at Calliope (E1). This anomalous area, to be called Calypso, after a Greek Goddess, is located on the northern part of E28/1612. This magnetic anomaly is located approximately 35 km north of Calliope (E1) on strike. The Calypso magnetic anomaly is larger than the one at Calliope (E1), where resource definition drilling is planned to commence in February 2007.
At Calypso, ironstone subcrop, included in this supracrustal sequence, could be a relic of a shear or exhalite. The landform and vegetation suggest only shallow alluvial cover and the area is considered suitable for conventional soil-geochemistry, which will be undertaken in February/March 2007. There is also some indication of leached sulphides at Calypso and whether they constitute a discrete gossan will be investigated in the next planned exploration program to begin in February/March 2007.
Additional to the soil geochemistry at Calypso a 40 sq km airborne magnetometry survey at 50 m spacing's will be flown as soon as possible. This survey will include the Calypso prospect and is planned in order to assess the ground for base metal sulphide and other deposits in the 40 sq km area.- Web Site
JINCHUAN GROUP PLACEMENT
Allegiance Mining NL has agreed to issue by way of placement 7,500,000 fully paid ordinary shares to the Jinchuan Group Ltd at an issue price of A$0.53 (fifty-three cents) per share to raise A$3,975,000.
The proposed issue is subject to and conditional upon statutory approvals by the Provincial Government of Gansu Province and the Chinese Central Government Authorities, and that cleared funds are received within the next six weeks.
The purpose of the issue is to fund the continuing development and construction of the Avebury Project.
Allegiance Mining NL will not seek shareholder approval for the proposed issue since it is not required to do so under the ASX Listing Rules. The shares will rank equally in all respects with existing ordinary shares on issue. The issue is not being made to a class of security holders.
The Jinchuan Group Ltd is China's largest, and the world's fifth largest, nickel refiner producing around 100,000 tonnes of nickel metal per annum.
This opportunity paves the road to further cement the close relationship between Allegiance Mining NL and the Jinchuan Group Limited. - Web Site
November Exploration Report - Web Site
Appendix 3B - Web Site
Balla Balla Project Update
Feasibility Study
The directors of Aurox Resources Ltd are pleased to announce that all sections of the Balla Balla vanadium Bankable Feasibility Study and associated titanomagnetite Pre-Feasibility Study are complete, apart from the financial modeling section, which requires figures currently being discussed with Chengde Iron & Steel Group Co. Ltd.
Status of Chengde/MCC Agreement
For reasons discussed in the attached announcement, the timetable for the negotiation of Aurox's formal agreement with Chengde/MCC has been extended to the first quarter of 2007.
Conceptual Mining Study
A study on the Balla Balla Project conducted by mining consultants Orelogy Pty Ltd has confirmed that the strip ratio of 1 tonne of ore to 0.25 tonnes of waste could be maintained for not only the 5km BFS area but also for the 11km of titanomagnetite extending east and west beyond the BFS area. 3D block modeling work to be undertaken by Golder Associates will be used by Orelogy to estimate new JORC-compliant reserves. - Web Site
BHP Billiton Plc - Transaction In Shares - Web Site
FIRST DRILL HOLE CONFIRMS RETORTILLO MINERALISATION
Including 13.8m grading 0.216% U3O8 from 19.4m
The Directors of Berkeley Resources Limited (AIM: BKY.L) are pleased to advise the results of the first confirmatory drill hole at the Company's Retortillo deposit in Salamanca Province, Spain.
Vertical diamond core hole RTO-001 is located within the best area of mineralisation, approximately equidistant from four diamond holes drilled by previous explorers on a 50m x50m grid. It was completed to a depth of 97m immediately prior to the Christmas/New Year break.
Assay results include the following intersections at a 0.02% U3O8 cut-off:
These results are an encouraging start to the validation of previous diamond and RC drilling of the deposit and appear to better those from the surrounding four holes. However, they should not be considered representative of mineralisation throughout the deposit.
SUBSTANTIAL FURTHER DRILLING IS REQUIRED TO TEST THE EXTENT, CONTINUITY AND TENOR OF MINERALISATION, AND THE DIRECTORS STRONGLY ADVISE CAUTION IN INTERPRETING THESE INITIAL RESULTS....... - Web Site
Carbine North Drilling Results - Web Site
GOG: Daily Drilling Report - Appadare-1 - Web Site
Appendix 3B - Web Site
Signs agreement to acquire adjacent tenements - Web Site
OPERATIONS UPDATE
Exploration well
POE-9 The POE-9 exploration well is located on a structural high 150 metres structurally updip of the previously drilled well Na Sanun-1 well which flowed oil at rates of approximately 1,400 bopd before watering out after a short period.
POE-9 intersected four potential zones of volcanic or igneous fractured reservoir at depths of 794, 853, 1,007 and 1,142 metres with thicknesses ranging from 15 to 50 metres. A total of 17 metres were perforated between 853 and 870 metres, being a zone correlating with the zone from which oil flow was obtained in the Na Sanun-1 well, and production testing of this zone is proceeding.
The POE-9 well is currently successfully cleaning up and oil is free flowing to the surface at variable rates up to 560 bopd. The well will be monitored over the next few days to establish the sustainability of oil flow.
This fractured volcanic reservoir is a new discovery in contrast to the Wichian Buri Oil Field which comprises sandstone reservoirs. Although caution must be exercised in view of the early watering out of the Na Sanun-1 well, if sustained production is established, it will be significant for the joint venture with several other similar structures identified on the 3D seismic data.
Other Operations
Production testing of the other Phase 1 and workover wells is proceeding as planned. Material additions to production will be announced as and when they occur. - Web Site
High Grade Drill Results at Penfold Gold Project - Web Site
GRAVITY SURVEY IDENTIFIES TWO SIGNIFICANT NEW IRON ORE TARGETS
Iron ore developer FerrAus Limited, is pleased to announce exciting results from a just completed gravity survey on its iron ore projects in the East Pilbara region of Western Australia. Robertson Range Iron Ore Prospect
Robertson Range Iron Ore Prospect
Davidson Creek Iron Ore Prospect
Appendix 3B - Option Exercise - Web Site
Erayinia JV Exploration Update
DETAILS OF ANNOUNCEMENT
The Directors of Great Gold Mines NL advise that its joint venture partner, ABM Resources NL have made the following announcement in relation to Erayinia today.
ABM Resources are sole funding a further $750,000 on exploration to increase its interest to 70% and following this Great Gold Mines will have a 30% free carried interest to decision to conduct a feasibility study.
"In an area to be called "The Hook" six magnetic anomalies have been identified. The Hook area is very interesting given its concentrated faulting, folding and potential shearing over a strike length of approximately 5 km.
Initial reconnaissance in the vicinity of the largest of the aeromagnetic anomalies identified from a regional magnetometry survey, has revealed lithologies similar to those at Calliope (E1). This anomalous area, to be called Calypso, after a Greek Goddess, is located on the northern part of E28/1612. This magnetic anomaly is located approximately 35 km north of Calliope (E1) on strike. The Calypso magnetic anomaly is larger than the one at Calliope (E1), where resource definition drilling is planned to commence in February 2007.
At Calypso, ironstone subcrop, included in this supracrustal sequence, could be a relic of a shear or exhalite. The landform and vegetation suggest only shallow alluvial cover and the area is considered suitable for conventional soil-geochemistry, which will be undertaken in February/March 2007. There is also some indication of leached sulphides at Calypso and whether they constitute a discrete gossan will be investigated in the next planned exploration program to begin in February/March 2007.
Additional to the soil geochemistry at Calypso a 40 sq km airborne magnetometry survey at 50 m spacing's will be flown as soon as possible. This survey will include the Calypso prospect and is planned in order to assess the ground for base metal sulphide and other deposits in the 40 sq km area....... - Web Site
Ramu Nickel & Cobalt Project
Following a query by the Company, the manager of the Ramu project, Ramu NiCo Management Limited a wholly owned subsidiary of China Metallurgical Construction Company (MCC), has advised the joint venture that work at the Basamuk site had been disrupted by a strike of PNG national employees and contract labourers. MCC's specific advice (dated 13 January 2007) is:
"In the case of Basamuk, (the processing and port site) there was a strike last week, following some of the workers returning from their New Year Holiday. After discussion and understanding reached with Project contractor regarding their concerns including working conditions, labor welfare and training, those PNG national workers are back to work as from last Wednesday (10 January). Now Basamuk site is in normal working order."
The Company has an 8.56% interest in the Project (carried to production).- Web Site
Second Quarter Activities Report - Exploration Update
VPE: Drilling Report for Wilpinnie-4 Well, Tomcat Prospect, PPL 93, Cooper Basin, South Australia
Summary:
Victoria Petroleum N.L. as operator for the PEL115 Joint Venture advises that under the terms of the PPL 93 Wilpinnie North Block Farmout Agreement with the PPL 93 Joint Venture, drilling of the Wilpinnie-4 well to test the Tomcat Prospect commenced at 1730 hours Central Standard Time (C.S.T) on the 9 January 2007. At 0600 hours C.S.T. today, the current operation was preparing to drill ahead in 7 7/8 inch hole at 1,098 metres after setting 8 5/8 inch surface casing at 306 metres. - Web Site
Intersects High Grade Oxide Gold Mineralisation at Zheng Guang
Leyshon Resources Limited ("Leyshon") (ASX & AIM: LRL) today announces significant oxide results from its highly successful 2006 drill programme to extend and upgrade resources at the Zheng Guang project in Heilongjiang, northeast China.
The latest results include a number of broad zones of high grade oxide mineralisation reported from 364 reverse circulation holes drilled from surface 30 metres into the Main Ore Zone:
ZGR005 4 metres at 5.27 g/t gold and 5 metres at 17.78 g/t gold
ZGR006 13 metres at 4.29 g/t gold
ZGR007 14 metres at 4.16 g/t gold
ZGR013 12 metres at 7.14 g/t gold
ZGR2034 5 metres at 10.13 g/t gold
ZGR2051 10 metres at 7.60 g/t gold
ZGR2097 17 metres at 7.81 g/t gold
ZGR2098 25 metres at 2.14 g/t gold
ZGR2106 13 metres at 7.31 g/t gold
ZGR2123 6 metres at 10.71 g/t gold
ZGR2124 21 metres at 5.25 g/t gold
ZGR2131 5 metres at 25.15 g/t gold
ZGR2159 11 metres at 4.28 g/t gold
ZGR2186 7 metres at 14.30 g/t gold
ZGR3149 24 metres at 2.30 g/t gold
ZGR3054 17 metres at 11.63 g/t gold........ - Web Site
Appendix 3B - Quotation of Restricted Securities - Web Site
GROUNDHOG DRILLHOLE (GHDD1) ASSAY RESULTS
Monax Mining Limited (ASX Code ‘MOX') is pleased to announce the assay results for the Groundhog - GHDD1 drill hole of the company's Punt Hill drilling program. This drill hole targeted the northern part of an 8 km long linear north-west gravity anomaly (Figure 1).
Assay results include a zone of rare earth element mineralisation of 17 m @ 0.41% Lanthanum and Cerium (La + Ce) from 788m to 805m. This style of rare earth element mineralisation is a common feature in iron oxide copper-gold (IOCG) style deposits such as Olympic Dam.
Beneath this is a broad zone of copper mineralisation of 126m averaging 0.4% Cu, from 837m to 963m but with higher grade intercepts including 14m @ 0.7% from 846m to 860m and 14m @ 1.0% Cu, 0.25 g/t Au, 4.5 g/t Ag (silver) from 940m to 954m.
These results have increased the Company's confidence of the presence of a large iron oxide copper-gold style mineralising system with the ability to produce thick zones of mineralisation.
Drilling will now focus on targeting higher grade zones of IOCG mineralisation in the vicinity of the Groundhog drill hole. The Groundhog drill hole is interpreted to have intersected the margin of a breccia pipe system, the common host to IOCG deposits (Figure 2).
The Punt Hill prospect is located 130 km north of Port Augusta in South Australia. - Web Site
Bonus Options Notifications
The following documentation is today being mailed to relevant shareholders following completion of the Company's Bonus Options Issue.
A total of 9,704,188 Bonus Options were issued to eligible shareholders including 3,893,334 that are restricted securities until 20 September 2007. Except for the restricted securities, these options will be quoted on ASX from 30 June 2007 unless the Directors elect to have the Bonus Options quoted before that date. - Web Site
Completes Placement - Web Site
New Zone Discovered Grumesa Gold Project - Ghana, West Africa - Highlights
Change of Director's Interest Notice - Web Site
PETSEC MOVES ONSHORE USA WITH PLANNED NEW OIL AND GAS GROWTH PHASE AT MOONSHINE
Petsec Energy Ltd will next month commence its biggest USA onshore oil and gas drilling program since the Sydney-based company commenced USA operations more than 12 years ago.
The new onshore exploration program - on the Company's Moonshine Project located on the Louisiana Gulf Coast region between New Orleans and Lafayette - will run in tandem with Petsec Energy's ongoing offshore activities which have historically yielded very high oil and gas discovery rates.
Petsec's Executive Chairman, Mr Terry Fern, today outlined details of the onshore Louisiana, Moonshine exploration program, which includes the drilling of 6 to 9 targets in 2007, scheduled to commence in the second half of February.
"Two rigs have been secured for the Moonshine drilling. The first of these will commence in February, with the second rig scheduled to start drilling in the second quarter," Mr Fern said.
"The 2007 Moonshine drilling is targeting in excess of 20 billion cubic feet of gas equivalent (Bcfe) net to Petsec Energy, and is part of an overall expanded 2007 exploration program by the Company in the USA and China," he said.
To date, Petsec Energy's USA oil and gas exploration and development successes have come from its offshore leases, in the Gulf of Mexico. Of 25 exploration wells drilled in the Gulf of Mexico over the past four years, 24 were successful - including 8 successful wells out of 9 wells drilled in the past calendar year. Petsec Energy also participated in the significant oil discovery at Wei 6-12 South in China during 2006, in a joint venture operated by ROC Oil. A declaration of feasibility is expected by the end of January.
The Company holds a 50% working interest (36-37.5% net) in the Moonshine joint venture area and is the operator.
"Moonshine is our first comprehensive USA onshore exploration program and we are targeting it as another significant growth phase in the Company's history," Mr Fern, said.
"As well as the highly prospective onshore program, we look forward to a continuing active offshore program in the Gulf of Mexico which in the past three months has yielded four successive gas discoveries on our Mobile Bay leases. "These gas discoveries are expected to be brought into production in the second and third quarters of this year."
Mr Fern said that Petsec was looking to drill between 14-20 wells in 2007 across its USA onshore and offshore leases, and offshore south coast of China in the shallow waters of the Beibu Gulf. This compares with a total of 10 wells drilled in the 2006 year of which 9 were successful and 6 wells in 2005.
"The expanded 2007 program, if successful, has the potential to more than double the Company's current oil and gas reserves," he said.
Petsec Energy last year acquired an additional 37 leases in the Gulf of Mexico, giving the Company a total of 51 leases in the Gulf with prospects generated by 3D seismic of over 270 billion cubic feet of natural gas and 32 million barrels of oil. - Web Site
Mailout to Shareholders regarding Notice of General Meeting - Web Site
Underwriting of Listed Options - Web Site
Open Briefing - Correction from 21/12/06 - Web Site
Appendix 3B - Web Site
Acquires 10% stake in BDG - Web Site
Announcement for the Quarter Ended 31/12/06
WEST CYCAD-2 OIL DEVELOPMENT WELL UPDATE
Location
The West Cycad-2 well is located in Production Licence TL/9 and is being drilled from the existing Victoria Platform. The West Cycad oil discovery lies approximately 6 kilometres to the south of the platform at a depth of around 1,600 metres.
Progress
As at 06:00 hours this morning, West Cycad-2 had drilled to a total depth of approximately 610 metres measured depth.
Tap Comment
The West Cycad Oil Field was discovered by the West Cycad-1 exploration well in November 2006. The moderate reserves discovered at West Cycad will be recovered via the existing Victoria Oil Platform. Operations were slowed in the past week due to time spent on preparation of a previously used well bore on the Victoria Platform for use for the West Cycad-2 development well. The horizontal development well West Cycad-2 is planned to be completed in early February 2007 and is expected to add around 4,000 bopd to HJV production on start up. - Web Site
Change of Director's Interest Notice - Web Site
Chief Financial Officer Appointed - Web Site
WILDHORSE ENERGY COMPLETES SWEETWATER PROJECT DRILLING PROGRAM
WildHorse Energy Limited (ASX:WHE) announced today it has completed its preliminary drilling program on the Sweetwater Project in the Great Divide Basin of Wyoming (see map). The objective of the drilling program was to demonstrate that the mineralised REB trend can be re-evaluated into an economic orebody on today's uranium prices. The REB trend is the main north-south trending zone of mineralisation defined by Union Oil's exploration and development program of the 1970s. The Union Oil program drilled the entire zone on 200 foot (61 metres) centres, and defined historical uranium resources of between eight and 12 million pounds (3,600 - 5,400 tonnes) U3O8. This mineralisation was defined using a classification system that does not comply with JORC Code, and as such cannot be relied upon to estimate current mineralisation.
The WHE drilling program comprised eight rotary holes and two core holes, drilled during the three-week-long project. The drill holes were all logged with truck- mounted electric and radiometric down-hole tools, and the core was chemically assayed for uranium by a certified lab.
All drill holes contained uranium mineralisation, ranging in depth from 64 metres to 214 metres. These are considered typical depths for the use of in situ leach (ISL) extraction. Average grades ranged between 0.047 eU3O8% and 0.119 eU3O8% with two intercepts of 0.26 eU3O8% and 0.18 eU3O8%...... - Web Site
Appendix 3B re exercise of listed options - Web Site
Change of Director's Interest Notice - Web Site
John Poynton resigns as Director
The Board of Alinta Limited today announced that Mr John Poynton has resigned as a Director of the Company. The Board supports his decision. Alinta Chairman Mr John Akehurst said: "I would like to thank Mr Poynton, on behalf of the Company, for his contribution to Alinta during the six years that he has served as a Director and as Chairman. This has been a period which has seen very significant value generated for Alinta shareholders." - Web Site
Form 8-K Filed January 10 (Earnings Release) - Web Site
Signs MOU with Ayr Resources Africa - Web Site
Section 708A Notice - Web Site
Section 708A Notice - Web Site
Notice of General Meeting - Web Site
Melba Flats Project - Further Nickel-Copper Intersections
Further encouraging drill intersections have been obtained from recent core drilling on the Melba Flats project, 10 km north of Zeehan in Western Tasmania.
Drill hole MF 75, designed to test for extensions of the identified copper-nickel-gold-PGM resource at Nickel Reward, intersected two zones of coarse grained sulfide mineralisation interpreted as two branches of a single gabbro dike......- Web Site
Second Quarter Activities Report - HIGHLIGHTS
Daily Share Buy-Back Notice - Web Site
Resignation of Joint Company Secretary - Web Site
Combined Demerger Disclosure Document - Web Site
Net Tangible Asset Backing as at 31 December 2007 - Web Site
Operations Report - Web Site
Yeelirrie Channel Uranium JV Update - Web Site
St Barbara acquisition of 10% of Bendigo Mining - Web Site
Appendix 3B - Web Site
Appendix 3B - Exercise of options - Web Site
BHP Billiton Plc - Transaction In Shares - Web Site
Director Appointment - Web Site
Appendix 3B - issue of ordinary shares on exercise of option - Web Site
VPE: Marracoonda-2 Oil Exploration Well Spuds - Web Site
Becoming a substantial holder from MBL - Web Site
Becoming a substantial holder - Web Site
STX: Gulf Coast Drilling Update - Web Site
Appendix 3B - Web Site
Appendix 3B - End of Escrow Period - Web Site
Change in substantial holding - Web Site
Change of Director's Interest Notice - Web Site
Second Quarter Activities & Cashflow Report - Web Site
High Grade Uranium Intercept at Bigrlyi - Web Site
Appendix 3B - Web Site
Gas Flow Commences From Production Test - Web Site
RRL: Collurabbie Nickel-Copper-Zinc Exploration Update - Web Site
Positive Update from Sholl B2 Nickel Project - Web Site
Second Quarter Cashflow Report - Web Site
Second Quarter Activities Report - Web Site
Seiga Gold JORC Resources - Web Site
Despatch of prospectus to S/holders & 2006 Annual Review - Web Site
Prospectus - Web Site
Appendix 3B - Web Site
Exhibition high grade gold zone extended at Hill End - Web Site
Rubicon Resources Closes Early and Oversubscribed - Web Site
Notice of Annual General Meeting - Web Site
SnP ann: Adds IGO to SP/ASX 200 Index - Web Site
Audio Broadcast - Jeremy Smith - Brockman Iron Ore Assays - Web Site
Becoming a substantial holder - Web Site
Change in substantial holding - Web Site
Nkomati Optimization Increases Reserves - Web Site
Second Quarter Cashflow Report - Web Site
Net Tangible Asset as at 31 December - Web Site
Appendix 3B - Web Site
Drill Results Fortitude and Bindah - Web Site
Change in substantial holding - Web Site
CAP Header Correction: Fourth Quarter Activities Report - Web Site
Drilling to commence on uranium prospect - Kyrgyz Republic - Web Site
GRY: Banfora Gold Project Update - January 2007 - Web Site
Change in substantial holding - Web Site
Appendix 3B - Web Site
Becoming a substantial holder - Web Site
Significant Shareholding - Web Site
Langer Heinrich Uranium Project NI 43-101 Report - Web Site
Notice Under Section 708A(5) - Web Site
Change of Registered Office - Web Site
Change of Director's Interest Notice - Web Site
Change of Director's Interest Notice x2 - Web Site
Reinstatement to Official Quotation Options expiring30/11/08 - Web Site
Lapsed Options - Web Site
Appendix 3B - Web Site
Appendix 3B - Web Site
Release from Escrow - Web Site
Guelb el Aouj Ore Reserves Statement - Web Site
Appendix 3B - Application for Quotation of Shares - Web Site
Appendix 3B - Web Site
Appendix 3B - Web Site
Section 708A Notice - Web Site
Becoming a substantial holder - Web Site
Change of Director's Interest Notice - Web Site
Marracoonda-2 Oil Exploration Well Drilling Report, ATP 752P Cooper – Eromanga Basin, Queensland
Summary:
Victoria Petroleum N.L ("Victoria") has been advised by Bow Energy Limited, the Operator for ATP 752P, that the Marracoonda-2 oil exploration well located in the Wompi Block of ATP 752P in the Cooper-Eromanga Basin, Queensland that the current operation at 0600 hours CST today is preparing to drill out the casing shoe after setting 9 5/8 inch casing at 299.9 metres.- Web Site
Drilling Report for Wilpinnie-4 Well, Tomcat Prospect, PPL 93, Cooper Basin, South Australia
Summary:
Victoria Petroleum N.L. as operator for the PEL115 Joint Venture advises that under the terms of the PPL 93 Wilpinnie North Block Farmout Agreement with the PPL 93 Joint Venture, drilling of the Wilpinnie-4 well to test the Tomcat Prospect commenced at 1730 hours Central Standard Time (C.S.T) on the 9 January 2007. At 0600 hours C.S.T. today, the current operation was preparing to drill ahead in 7 7/8 inch hole at 1,098 metres after setting 8 5/8 inch surface casing at 306 metres. - Web Site
Bonus Options - Web Site
Appendix 3B - Exercise of Options
Initial Director's Interest Notice - Web Site
Initial Director's Interest Notice - Web Site
Final Director's Interest Notice - Web Site
Final Director's Interest Notice - Web Site
Drilling Confirms Iron Ore Potential at Marillana - Web Site
|
Friday 12 January 2007 (Close of Business - New York)
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