On the west coast of British Columbia, onshore LNG terminals and pipelines to feed those terminals have become a media and political hot potato, with environmentalists increasing the instability of these projects which can cost $50-$60 billion.  In Colombia, Pacific Rubiales (PRE:TSX) announced this morning that they have executed a heads of agreement for a… Continue Reading

Pacific Rubiales (PRE:TSX), one of the largest oil producers in Colombia, announced this morning that they have received environmental licenses from the Colombian authorities to explore and develop in the CPE-6 and Guama blocks.  The Guama block is a 184,000 acre block located in the Lower Magdalena Valley Basin approximately 100km east of the Company’s… Continue Reading

Alpha Minerals (AMW:TSXV) and Fission Uranium (FCU:TSXV), the joint venture partners who continue to advance the Patterson Lake South discovery in Saskatchewan, announced this morning that they discovered a sixth mineralized zone in a step-out hole drilled 525 metre’s from the original discovery zone.  The new zone, R600W, is on a 1755m trend with all five high-grade… Continue Reading

Armenian gold developer, Lydian International (LYD:TSX) has appeared to be on the mend after a disastrous announcement by the Armenian authorities recently which saw LYD have to completely redesign their mine plan for the Amulsar gold project.  The reason was due to them reclassifying catchment basins for the important Lake Seven which provides fresh water for much of the… Continue Reading

PIMCO doesn’t expect much from today’s FOMC meeting, but is watching closely for any guidance on the state of the economy, especially on what the government shutdown means for growth expectations.  PIMCO expects 2014 to be more of the same; sluggish growth and consistently high unemployment. “There is a ton of cash on the sidelines… Continue Reading

Best in-class Colombia gold developer, Continental Gold (CNL:TSX), released assay results from the latest 13 drill holes from the Veta Sur and northern Estera systems at the Buritica project in Colombia.  Highlights include: hole BUUY149 which encountered 0.5m of 101.5g/t gold and 20g/t silver and hole BUUY353 which encountered 2.5m of 12g/t gold and 37g/t… Continue Reading

Bob Quartermain’s beat up, Pretium Resources (PVG:TSX) has released assay results from ten underground holes and provided a more positive update on the ongoing 10,000-tonne bulk sample work.  Highlight assay results include 12.22m of 201.21g/t gold uncut including 0.5m of 4,830g/t gold uncut.  The drilling continues to intersect super high-grade and narrow veins of roughly… Continue Reading

“It doesn’t relieve you from the pressure of trying to get it right right out of the dorm room and they’ll be stories of people that do but its very unlikely that you will and not highly consequential if you don’t get it right right away.”

Lundin Group company, ShaMaran Petroleum (SNM:TSXV) announced their plans to issue $150 million in senior secured bonds which will be used to finance their future expenditures on the Atrush block in the Kurdistan region of Iraq.  Nordic investment bank, Pareto Securites has been appointed as financial advisor to the offering. The Atrush block is the… Continue Reading

This morning Coalspur Mines (CPT:TSX) updated the market on some of the activities they have undergone over the last quarter as well as cash flow reports.  Among other things, over the last quarter, CPT closed their $350 million senior debt facility and drew down the initial $37 million from it.  They also ‘advanced’ the regulatory… Continue Reading

After much speculation surrounding B2Gold’s (BTO:TSX) current M&A mandate, Clive Johnson has pulled the trigger on a relatively small acquisition; agreeing to buy Volta Resources (VTR:TSX) and their Kiaka gold deposit in Burkina Faso for shares with a total deal value of $63 million.  BTO has agreed to purchase VTR using their shares in an… Continue Reading

East African oil and gas explorer, Africa Oil (AOI:TSXV) has shutdown two significant oil blocks; Block 10BB and Block 13T.  According to the release, AOI’s operating partner, Tullow Oil has agreed to shutdown activities at these two blocks in Kenya due to local protests surrounding employment issues.  The release notes that this is a precautionary… Continue Reading

It appears that the troubles for the desperate Eike Batista (the former richest man in the southern hemisphere) are far from over as his OGX Petroleo files for bankruptcy, according to a recent news article in the Wall Street Journal.  Rumours of a potential $200 million bailout and restructuring of massive debt obligations have recently… Continue Reading

According to Bloomberg, Greenland is set to lift a uranium mining moratorium which has been in place for 25 years.  Greenland is thought to be extremely rich in rare earth and uranium minerals which could spark a uranium mining rush to the arctic island.  Denmark has backed Greenland’s plans to expand the development of its natural resources to include… Continue Reading

Colombian light-oil producer, Parex Resources (PXT:TSX) has provided an impressive update on its operations in Colombia including raising their full-year guidance to 15,700bopd (up from 15,000-15,500bopd).  The increase to full year guidance comes on the back of impressive production in the third quarter of 16,200bopd and an even more stellar forecast for the fourth quarter… Continue Reading