Tom Perkins, co-founder of venture capital firm Kleiner Perkins Caulfield and Byers, which was an early financier to Genentech, Google, Amazon and scores of others, took to Bloomberg Television earlier to apologize for comparing the persecution of America’s rich to the plight of the Jews under Hitler in Nazi Germany. Perkins says he regrets the Kristallnacht comparison;… Continue Reading

Pilot Gold (PLG:TSX) has released their maiden resource for the KCD deposit on the TV Tower project.  The resource estimate focused on the Kucukdag gold-silver-copper deposit which is the first of several targets on the TV Tower property (40% Pilot Gold/60% Teck Resources).  The estimate was divided into a lower gold zone and an overlying silver… Continue Reading

Norway’s largest domestic non-state owned oil producer, Lundin Petroleum (LUP:TSX) announced fourth quarter and full year 2013 production results today.  The company produced an average of 31,100boe/d in the fourth quarter and 32,700boe/d for the full year average.  In the fourth quarter, Lundin Petroleum received an average price per barrel of US$109.  This remains a… Continue Reading

Pilot Gold (PLG:TSX) has made a significant breakthrough in Turkey, by finding a major new discovery of supergene copper underlying the oxide gold zones at the company’s K2 project, part of the TV Tower project (40% Pilot Gold/60% Teck).   According to the Pilot Gold, drilling and surface work suggest that at least two copper-gold porphyry systems… Continue Reading

Today is the one year anniversary of making this video with my brother. I thought it would be a great opportunity to share some of my favourite mining and energy quotes, starting with one from Mr. Lowell, of course: “If there’s anything my career says about me, it’s that I’m very good at being wrong.”… Continue Reading

Encanto Potash (TSXV:EPO) Chairman Gordon Keep anticipates an off-take agreement between his firm and a consortium of India potash importers will be ratified in the first quarter of 2014. Details of the agreement first surfaced in January 2013 and again in June, 2013 on an Indian government Web site, calling for 1.8 to 2 million… Continue Reading

After announcing an oil discovery at the Shpirag-2, which had initial flow rates of 1,500 to 2,200 barrels of oil equivalent per day (boe/d), Petromanas (PMI:TSXV) has informed the Albanian government, as per their Production Sharing Contracts, that Blocks 2-3 hold an oil discovery.  Given the success of the discovery at Shpirag-2, this announcement shouldn’t come… Continue Reading

This morning, Norway’s largest oil producer, Lundin Petroleum (LUP:TSX, LUPE:ST) announced its capital allocation for 2014 and its a staggering $2.1 billion.  Projected expenditures on development projects in 2014 are expected to grow by 25% over the 2013 to $1.4 billion.  The company expects to spend roughly the same this year as they did last year on exploration which is… Continue Reading

Albania’s largest foreign direct investor, Bankers Petroleum (BNK:TSX) has released its fourth quarter production numbers for 2013, with average daily oil output growing by 4.1% quarter-over-quarter (q-o-q) to 19,303bopd.  The company produced an average of 18,169bopd over 2013 which represented 21% growth over 2012 average daily production of 15,020bopd.  Oil sales grew year-over-year as well with… Continue Reading

Not all metals and sectors have the same catalysts; so, to not miss mining opportunities in 2014, we must understand which metals/minerals will face supply gluts, difficulty financing and a lack of investor interest, and avoid them. On the flip side, we must be aware of exactly which metals/minerals are facing imminent supply deficits, because… Continue Reading

In September 2010, Lundin Petroleum (LUP:TSX) announced the largest ever oil discovery made in the Norwegian shelf; the Johan Sverdrup discovery.  It is estimated to hold a staggering 3.6 billion barrels of oil.  The discovery covers an area of approximately 180 km² in blocks 16/2, 16/3 and 16/5 on the Utsira High in the central part… Continue Reading

The results from our gold poll are in and they are somewhat surprising: A vast plurality believed that gold would remain rangebound through the end of the year. Meanwhile, barely 1 in 4 poll respondents believed that there would be a bullish end to 2013 for gold. Given that the majority of CEO.CA readers are… Continue Reading

At an emotional press conference barely two days after he was freed from a Russian jail, Mikhail Khodorkovsky vowed Sunday to do all he can to ensure the release of other political prisoners in Russia. The former oil tycoon spent 10 years in jail on what the West considers trumped-up political charges by President Vladimir… Continue Reading

Running out of financial flexibility, Bruce McLeod’s Mercator Minerals (ML:TSX) has agreed to a merger/takeover by Intergeo which is a subsidiary of ONEXIM Group(controlled by Russian oligarch, Mikhail Prokhorov worth an estimated $13 billion).  The deal will see Mercator’s assets get a much needed injection of capital.  Intergeo’s controlling shareholder Daselina (part of ONEXIM) will provide a… Continue Reading

Albania’s largest foreign investor, Bankers Petroleum (BNK:TSX) is continuing to bet on its Albanian oilfields by announcing they intend to spend at least $313 million in capital next year up from the $247 million the company spent in 2013.  The bulk, $216 million, is to be spent on drilling 150 to 170 wells on the… Continue Reading