Coming off a spectacular 2013 which saw the company’s share price increase over 100%, Canacol Energy (CNE:TSX), announced its plan for 2014.  The company expects to spend $150 million in capex this year to grow production by 30-40% to  11,500 and 12,500boe/d.  The company produced 8,796 boe/d (5,827boe/d and 17.2Mscf/d of gas). The production split… Continue Reading

Copper and silver mining legend and environmentalist Ross Beaty joined Cambridge House Live at the Vancouver Resource Investment Conference in Vancouver this past Sunday. Beaty is best known for founding Pan American Silver, one of the world’s largest primary silver producers, and the Lumina Copper franchise, one of the most successful copper exploration groups ever,… 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

Colombian oil and gas junior Petroamerica Oil Corp (TSXV:PTA) is casing the La Guira-2 appraisal well for testing. La-Guira 2 reached its target depth of 12,600 feet and was logged before a decision was made to test the well. Testing will be performed on the Mirador and Gacheta formations, and will commence when a work-over… Continue Reading

A. E. (Ted) Turton, broker, promoter, financier and mentor to many, has died age 84. Mr. Turton stood out in the investment business; he cared more about people and their projects than about accumulating wealth. From time to time he could be a rascal, but he was always a gentleman. Loyal, humble and dignified, he… Continue Reading

The African-focused uranium producer, Paladin Energy (PDN:TSX) has come under pressure in the past few years due to a decreasing spot price for uranium as well as $600 million in debt on their balance sheet.  The market has been worried about the company’s ability to meet near-term obligations and the stock has been on a steady… 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

Skyharbour Resources (SYH:TSXV), the Patterson Lake South (PLS) explorer, is diversifying outside of the PLS play by acquiring a 60% interest in the Mann Lake project located on the east side of the Athabasca Basin.  The exploration project is roughly 25km SW of Cameco’s (CCO:TSX) McArthur River mine and 15km along strike from their Millennium deposit.  Skyharbour will… Continue Reading

Rules of Thumb for Junior Mining Speculators —A Light at the End of the Tunnel by Brent Cook. Initially published by Streetwise Reports (The Gold Report–1/13/14) www.explorationinsights.com As we all know, for most speculators and investors the past few years in the mining and exploration sector have been disastrous. However, there are a number of fundamental trends… Continue Reading

Africa Oil (AOI:TSXV) has continued its extraordinary success in Kenya with the discovery of two new large oil fields in their most recent two exploration wells. The discovery of these two new fields make it seven discoveries in seven exploration wells in Kenya. A perfect record. Although we have seen that the oil industry is… Continue Reading

An edited version of this story was first published in the Globe and Mail. The man who recently left his job as head of Sprott Resource Corp. says he has yet to sell a share in the company. Kevin Bambrough, who exited his role as the chief executive of Sprott Resource Corp., as well as… Continue Reading

Petroamerica (PTA:TSXV) announced exciting news just after market today with two new oil discoveries made in Colombia.   The discoveries were made on the El Eden block (40% working interest with PXT 60% operated interest) in the prolific Llanos Basin of Colombia.  At their La Casona 2 well the companies discovered 545 barrels of light 47 degree… 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

Come and listen to a story about a man named Jed A poor mountaineer, barely kept his family fed, Then one day he was shootin at some food, And up through the ground came a bubblin crude. Oil that is, black gold, Texas tea. Well the first thing you know ol Jed’s a millionaire, Kinfolk… Continue Reading