Thursday evening, Gran Tierra Energy (GTE) announced a friendly deal to acquire Petroamerica Oil (PTA) for cash and shares worth about US$84 million based on a C$3.32 GTE price. PTA shareholders can elect to receive .40 of a GTE share or C $1.33 in cash for each PTA share, up to 70% payable in cash. That’s about… Continue Reading

A look at some of my favourite news releases out this morning with some brief comments on each. NexGen Energy – (NXE:TSXV) –  A huge drill hole out of NexGen Energy this morning as hole AR-15-44b has intersected 68.5 m of 9.56% U3O8 at the Rook 1 project in Saskatchewan. Rook 1 is located in the… Continue Reading