Zone Resources Inc. announced the results of diamond drill hole ZR11-05 on the company’s iron ore property in the Labrador trough of northern Québec. As quoted in the press release: The hole intersected iron formation with an average of 29.98% Fe over 85.20 metres. Click here to read the Zone Resources Inc. (TSXV:ZNR,,FWB:7ZR) press release [...]
Trafina Energy Ltd. (CVE:TFA.A) approves a non-brokered private placement of up to $0.5 million of Class A common shares of Trafina.
On Tuesday, Richard Bernstein, Chief Executive Officer at Richard Bernstein Advisors LLC (RBA) offered bullish commentary for the broader energy sector for 2011: “if the economy is indeed beginning to enter the mid-phase of the cycle, then energy and materials stocks begin to take leadership positions. We expect both global sectors to outperform in 2011.”
Topaz Resources, Inc. (OTC:TOPZ) acquires Dark Horse Operating Co., LLC, which is a well established operating company in the North, Central and West Texas regions.
Reuters Africa reports that OPEC appears unlikely to raise oil supply limits to cap an oil price rally when it meets in Quito on Saturday.
Caza Oil & Gas, Inc. (LON:CAZA) provides an operational update on the Arran Prospect in Acadia Parish, Louisiana.
Bloomberg reports that Crude oil may rise to as much as $150 a barrel over the next three to four years.
Alberta Star Development Corp. (OTC:ASXSF) announces that the Company intends to spud a well (50% working interest to the Company) with the operator on section 16-50-26 W3M on or about December 6, 2010.
Petrominerales Ltd. (PINK:PMGLF), a 65% owned subsidiary of Petrobank Energy and Resources Ltd. (TSE:PBG) announce the successful test of our Yenac-2 well at a rate of 2,936 barrels of oil per day.
Bloomberg reports that Oil options volatility strengthened as the underlying crude futures rose to a 26-month high.
Tuesday, November 29, 2011