THE BOURSE WHISPERER: FYI Resources (ASX: FYI) has received commitments to raise approximately $811,000 through the issue of approximately 16.22 million shares at five cents per share with one attaching unlisted option for every two shares issued. FYI Resources said the placement had received support from Regal Funds Management for its full pro rata of […]
THE DRILL SERGEANT: Black Cat Syndicate (ASX: BC8) declared increased confidence in the company’s Bulong gold project outside of Kalgoorlie in Western Australia. Black Cat Syndicate recently completed extensional and infill drilling programs at the project’s Myhree deposit. Results from extensional drilling at Myhree, include: 19MYRC052 7 metres at 4.24 grams per tonne gold from […]
THE BOWSER: Otto Energy (ASX: OEL) reported that production from the company’s Green #1 well on the Lightning field in Matagorda County Texas, USA has reached a steady production state as final facilities commissioning has been completed. Otto Energy has a 37.5 per cent working interest (28.5% Net Revenue Interest) in the leases covering this […]
THE BOWSER: Empire Energy Group (ASX: EEG) announced it has reached a deal with Mai Oil Operations, Inc for the sale of the company’s Kansas assets for US$19.1 million. Empire Energy Group said the sale proceeds will principally be used to retire debt to a maximum remaining gross debt balance of US$8 million, while retaining […]
THE BOWSER: Strike Energy is progressing work at the Jaws-1 project wells, located at the Southern Cooper Basin Gas Project (SCBGP) Joint Venture (Strike Operator and 66.67 per cent, Energy World Corporation 33.33 per cent). Strike Energy said it has continued carefully drawing the wells down towards desorption and the flowing bottom hole pressure has […]
THE BOWSER: Winchester Energy (ASX: WEL) has formulated a development plan to accelerate oil production from the Strawn Fry Sand member of the Mustang prospect in the Permian Basin of Texas, USA. Winchester Energy is developing the plan following its recent success with White Hat 20#3 that has initial production of 306 barrels of oil […]
THE CONFERENCE CALLER: The 2019 Gold Coast Investment Showcase kicks off next week and The Resources Roadhouse continues its look at companies that will be in attendance. Venture Minerals (ASX: VMS) has upgraded the Resources at the company’s Riley iron ore project in Tasmania. Venture Minerals announced the upgrade as part of the ongoing […]
THE DRILL SERGEANT: Corazon Mining (ASX: CZN) is currently conducting exploration activities that are focused on the discovery of a large, concealed suphide system within newly identified zones of mineralisation at the company’s Mt Gilmore copper-cobalt-gold project in New South Wales. Corazon Mining is carrying out field activities at Mt Gilmore testing newly identified copper-cobalt-silver […]
THE DRILL SERGEANT: Calidus Resources (ASX: CAI) announced first assay results from a recent 42-hole RC drilling program at the company’s Warrawoona gold project in the Pilbara region of Western Australia. Calidus Resources stressed the importance of the results being from infill drilling, saying they confirm the continuity of the western part of the main […]
THE DRILL SERGEANT: Hillgrove Resources (ASX: HGO) is undertaking an underground study at the company’s Kanmantoo Copper Mine in the Adelaide Hills region of South Australia. Hillgrove Resources is evaluating a possible underground mining development below the Giant Pit at Kanmantoo that may be able to work in conjunction with the company’s Pumped Hydro Energy […]
