Resources round-up: Petrel, Nostra Terra, Mercom
12th Nov 2012 15:19
Irish oil exploration group Petrel Resources took flight after saying detailed modelling of Quad 35, part of its 11/4 licensing option in the Irish Atlantic Margin, indicated a potential payload of one billion barrels. As an added bonus, the targets are accessible with one well. The Nostra Terra O
Read moreResources round-up: Nostra Terra, Nighthawk, Sunrise
1st Nov 2012 09:42
US-focused oil and gas producer Nostra Terra is to abandon work on the first well drilled at its Bale Creek prospect to concentrate on the second well drilled, which is now producing oil at a rate of 2.5 barrels per hour. Nighthawk Energy, a US-focused shale oil development and production company,
Read moreResources round-up: Red Rock, Nostra Terra, Kalimantan
29th Oct 2012 09:00
Mining company Red Rock Resources has discovered extensions to the folded banded iron formation at Havik East, Greenland. Having returned to the drilling site after initial drilling in July, the strike length of the banded iron formation (BIF) has been confirmed at 1,500 metres, with a 250 metres do
Read moreResources round-up: Astar Minerals, Nostra Terra, Eurasia Mining
27th Sep 2012 09:05
Astar Minerals, an operator of quarries in British Columbia, has signed a heads of terms with Aggregates West to operate a number of quarries based in an area between the US/Canadian border and Seattle. Aggregates West as a number of sites with high quality reserves of sand and gravel and either own
Read moreResources round-up: Noricum, Nostra Terra, Mediterranean Oil
10th Sep 2012 13:00
Noricum Gold, an exploration and development company, has delivered 'highly positive' results from surveys covering 28 square kilometres of the prospective Rotgulden licence area in Austria. The results re-affirmed the huge old and multi-element potential of the Rotgulden licence area and identified
Read moreNostra Terra acquires working interest in Oklahoma prospect
29th Aug 2012 08:25
Nostra Terra, an AIM-listed oil and gas producer, has entered into an agreement with Ward Petroleum to acquire a 20 per cent working interest in the Chisholm Trail Prospect in Oklahoma. The acquisition was made to enhance the firm's portfolio of wells in areas where proven horizontal drilling and
Read moreNostra Terra signs deal for second Verde well
27th Jun 2012 08:47
Nostra Terra, the AIM quoted oil and gas producer, said it had signed an agreement with the operators at its Verde prospect in Colorado to drill a second development well. The second well is currently being permitted, the firm said, with drilling expected to begin around the end of September. The
Read moreResource round-up: ZincOx, DiamondCorp, Nostra Terra
12th Jun 2012 13:33
ZincOx Resources rose on Tuesday after the firm announced its Korean Recycling Plant had been commissioned and was in production and ramp-up mode. The commissioning process had been delayed after problems with gas burners. The firm said the ramp-up process was on track to take four months. Its share
Read moreResources round-up: Capital Drilling, Kirkland Lake, Nostra Terra
17th May 2012 15:03
Nostra Terra, an oil and gas producer, has begun drilling on the third horizontal well in Oklahoma, while the first two have completed drilling and are awaiting completion in the next few weeks. The second well encountered some technical difficulties although these were overcome. Drilling of the Bal
Read moreResources round-up: Gulf Keystone, Edenville Energy, Nostra Terra ...
11th May 2012 14:10
Gulf Keystone has begun drilling on the Bakrman-1 exploration well spudded on the Akri-Bijeel block in the Kurdistan Region of Iraq. It is the third exploration well to be drilled at the site as part of an appraisal of the Bijell discovery. The appraisal is part of a much larger exploration programm
Read moreResource Round-up: ViaLogy, Berkeley Mineral Resources, Nostra Terra
16th Apr 2012 08:48
Shares in oil exploration technology firm ViaLogy leapt in early trading on Monday after the firm said one of the early adopters of its technology, Atascosa Exploration had successfully drilled another oil well in Texas using analysis provided by ViaLogy products. The latest success is the third com
Read moreNostra Terra starts proceedings against Richfield
1st Feb 2012 13:39
Nostra Terra Oil and Gas, has commenced foreclosure proceedings against Richfield Oil & Gas Company, formerly Hewitt Petroleum, after Richfield failed to repay any of a loan agreed on April 14th, 2011. Under the agreement, a $1.3m secured loan note, which has been accruing interest at 10% per annu
Read moreNostra Terra gives Hewitt more time to pay
6th Jan 2012 11:01
Nostra Terra Oil and Gas has given a loan extension to debtor Hewitt Petroleum. Nostra has granted the company a further 30 days to repay the final tranche of a $1.3m loan, the terms of which were originally announced in April. Settlement is now expected by the end of this month, giving Nostra inv
Read moreNostra Terra flags increase in reserves estimate
27th Oct 2011 08:22
Nostra Terra, the AIM-listed oil and gas producer with assets in the USA, saw its share price rise on news that its Verde well is producing above expectations. The Verde Prospect unit, in which the company has a 16.25% working interest, produced an average rate of 64 barrels of oil per day, with 1
Read moreLondon close: Triple-digit losses as Euro worries continue
19th Sep 2011 16:50
Shares failed to recover from an early slide as ongoing worries over the Eurozone situation continued to cast a shadow. The FTSE 100 closed down 108 points. Greek Prime Minister George Papandreou has cancelled a planned trip to the US to guide Greece through what could be a critical seven day peri
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