Africa Oil (AOI:TSXV), the east African oil explorer and Lundin Group Company, has found a fifth consecutive oil discovery in Kenya.  The Agete-1 exploration well in block 13T (50% non-operated working interest, Tullow Oil is 50% operator), has discovered and sampled movable oil with an estimated 100 metres of net oil pay in good-quality sandstone reservoirs. The… Continue Reading

Dr. John-Mark Staude’s Riverside Resource (RRI:TSXV), the prospect generator with precious and base metal assets across some of North America’s most prolific mineral belts, announced initial exploration results from their Flute and Lennac projects in BC.  The projects were identified as part of a three year alliance with Antofagasta, the Chilean copper giant, which ends… Continue Reading

What else is a highfalutin mining promoter to do during a global resource downturn than tech deals, obviously. Yesterday Stan Bharti’s Forbes & Manhattan (F&M), a Toronto-based merchant bank well known for their mining and energy promotions, announced that they had advised on a $60 million financing for Mobli, a social media image and video… Continue Reading

Battered by operational challenges and financial troubles, Niko Resources’ (NKO:TSX) Chairman, CEO and President, Ed Sampson, announced he will resign by year-end and that Jake Brace will take over.  Ed Sampson founded the company 18 years ago and developed its impressive asset base in Bangladesh, Indonesia, and Trinidad and Tobago.  Mr. Brace was hired as an advisor a few… Continue Reading

THE CALANDRA REPORT: Subscribe $91 yearly SAN DIEGO — Inovio Pharmaceuticals (INO in USA), a DNA vaccine developer I sidestepped for four years, is having success with a Middle Eastern virus. INO shares are raging today. Inovio’s J, Joseph Kim, via a persistent biz-dev executive, Bernie Hertel, has been on me, professionally, since 2009. Inovio… Continue Reading

Cordoba Minerals (TSXV:CDB) announced a significant but early stage copper-gold porphyry discovery in Colombia earlier, and it caught our attention enough to pick up a few shares at the open this morning (Do your own due diligence!). Read: Cordoba Minerals Announces the Discovery of a New High-Grade Copper and Gold Porphyry System Drilling 101.1 metres… Continue Reading

Charle Gamba’s, Canacol Energy (CNE:TSX), is planning a follow-up program on their VMM2 E&P contract in the Middle Magdalena Valley of Colombia.  In January the Mono Arana 1 well hit 85 feet of net oil pay in the shallow Tertiary Lisama sandstone reservoir and 230 feet of potential net oil pay in the deeper Crataceous… Continue Reading

Simon Ridgway’s Cordoba Minerals (TSXV:CDB), which is in the process of combining with Ari Sussman’s Sabre Metals, and Paul Dias’s Minatura, has discovered a new high grade copper and gold porphyry system at the company’s 26,000 hectare San Matias project in Colombia’s Mid Cauca Gold Belt, drilling an impressive 101.1 meters @ 1.0% copper and… Continue Reading

Compania Espanola de Petroleos SAU (CEPSA) has announced its intent to acquire Coastal Energy (CEN:TSX) for a total consideration of approximately $2.3 billion.  CEPSA will pay $19 per share in cash for CEN which represents a premium of approximately 28%.  CEPSA will assume nearly $51 million in debt from CEN as part of the deal. … Continue Reading

Coming off the recent discovery at the Shpirag-2 well, (25% WI with operatorship; Shell 75% non-operator), where they tested flow rates of 1,500-2,200boe/d and hit an 800m oil column; Petromanas (PMI:TSX) announced today they have added international depth to their board of directors by brining on Gen. Wesley K. Clark, U.S. Army (retired).  Gen. Clark retired a four-star… Continue Reading

Interesting news hit the tape on Friday regarding a potentially massive conventional natural gas reservoir in the lower St. Lawrence area of Quebec – shares of tiny Venture listed Petrolympic Ltd. have jumped as much as 700% on the news and reached levels the stock hasn’t seen since 2009: Click to enlarge Veteran energy investors will… Continue Reading

[audio:https://blog.ceo.ca/wp-content/uploads/2013/11/Mark-ODea-Podcast-Nov-15-2013.mp3] Track record is everything in junior mining. Mark O’Dea took Fronteer Gold from a $1 million shell in 2001 to a diversified mine developer that sold for $2.3 billion to Newmont in 2011. The Vancouver-based, 45-year-old Newfoundland-born geologist also created Aurora Energy in 2006, and sold its Labrador uranium assets for $260 million to… Continue Reading

Parex Resources (PXT:TSX), who recently increased its 2013 exit rate guidance from 15,500bpd to 15,700bpd due to stellar production success from their light oil assets in Colombia’s Llanos Basin have now sets the bar high for 2014.  The company announced their 2014 production guidance and capital budget plans which set Parex up for a profitable… Continue Reading

LUBUMBASHI, The Democratic Republic Of The Congo – Mining promoter Robert Friedland has released a preliminary economic assessment for a major Congolese copper discovery that he says could be one of the world’s lowest-cost producers. A preliminary economic assessment released Monday by Friedland says a two-phase mine at the site could be worth US$4.3 billion… Continue Reading

News release: Silver Bull Files Preliminary Economic Assessment Technical Report on SEDAR for the Sierra Mojada Project, Coahuila, Mexico. Related: Silver Bull CEO Tim Barry Discusses Sierra Mojada PEA SVB data by YCharts We seek Safe Harbor.