In 2011, Hyperion Exploration Corp. (TSXV:HYX) had significant growth in year end reserves, highlighting an increased Total Proved ("TP") plus Probable Reserves ("P+P") by 239% to 5,521.3 Mboe, and am increased P+P, BT NPV10% value per share basic by 54% to $1.40.
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 [...]
Pennant Energy Inc. (CVE:PEN,FWB:NP6) is a junior oil and gas exploration and development company with assets in Canada.
Zone Resources Inc. (CVE:ZNR) is a junior oil, natural gas, and mineral exploration company based in Vancouver. In March 2011, Zone acquired a 100% interest in the Girard Iron Property, consisting of approximately 7,200 hectares, located in Nunavik, northern Quebec.
Simba Energy Inc. (CVE:SMB), is an oil and gas exploration company based in Vancouver, Canada. The Company is the first junior resource company to pursue onshore oil and gas opportunities in the West African region since the 1970’s.
Manitok Energy Inc. (CVE: MEI) is an oil and gas exploration and development company focused on conventional reservoirs in the Canadian foothills and heavy oil in east central Alberta. The company has assembled a portfolio of properties, with varied play-types, in Alberta, Canada. All of these projects are at the drill-ready stage, with recent drilling operations completed on the Swimming property last fall and another drill underway on their Stolberg lands. In mid 2010, Manitok merged with Desco Resources Inc. and raised almost $10 million in order to go public. At the end of December 2010, Manitok completed an $18.1 million equity financing of both common and flow through shares. Manitok is expecting a capital program of about $21 million in 2011.
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.
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