Aspen Group advises that Aspen Parks Property Fund (APPF) has exchanged contracts for the purchase of the Harrington Holiday Park on the north coast of New South Wales, adding to APPF’s existing portfolio of 21 parks. The purchase price, including acquisition costs is $8.4m, and is expected to generate an EBITDA yield of 12%.
The Directors of Leaf Resources are pleased to announce the signing of a Collaboration Agreement with ZeaChem Inc. of Lakewood, Colorado. The agreement covers the evaluation by ZeaChem and Leaf Resources of the Leaf GlycellTM process for the production of fermentable sugars at ZeaChem’s demonstration plant at Boardman, Oregon. The trials will use Poplar as a feedstock.
Australian energy company WHL Energy Limited is pleased to announce it has received the initial “fast-track” data volume from the Junon 3D seismic survey acquired offshore the Seychelles by the Ophir Energy/WHL Energy JV in July 2014. This post-stack migration volume is an intermediate product in the Pre-Stack Time Migration (PreSTM) processing of the 1,528 km2 Junon 3D seismic survey.
SOCO announces that SOCO EPC, operator of the Marine XI Block offshore the Republic of Congo (Brazzaville), has completed drilling the exploration well Lidongo X Marine 101 well. The well encountered oil in a clastics sequence in the Djeno sand formation with drilling shows and early log interpretation indicating approximately a 50 metre gross interval.
Aspen Group is pleased to announce the settlement today of the previously announced sale of its industrial building at Browns Road, Noble Park in Victoria.
Comstock Mining Inc. announced selected unaudited financial results for the quarter ended September 30, 2014.
Swire Oilfield Services is pleased to announce the appointment of Kyle Evans to the position of Commercial Manager for Australasia. Mr. Evans will lead the Company's sales and marketing activities and the growth of a portfolio of commercial products including Track and Trace solutions; Cleaning & Filtration and Inspection, Maintenance and Testing Services (IMT) to support the offshore industry and its own significant fleet of Cargo Carrying Units.
Cardinal Resources is pleased to report that a news video interview has been recorded with Managing Director, Archie Koimtsidis, in which he provides an overview of the Company and in particular the successful RC drilling program at the Namdini Mining Licence, Bolgatanga gold project in Ghana, which has returned significant, high grade results.
Australia Minerals and Mining Group Limited is pleased to announce the completion of a fully executed Joint Venture Agreement (JVA) with engineering consultants Midas Engineering Group Pty Ltd (formerly METS) for the co-operation and advancement of the South West Titanium Project (formerly called Glenarty Mineral Sands Project). The Company previously announced the signing of a Heads of Agreement (HoA) in March 2014.
Ascot Resources Limited is pleased to advise that geotechnical drilling has commenced on site. The results of the geotechnical drilling will assist in supporting the final mine pit design and environmental approvals submissions. The drill program consists of 9 PQ-diameter diamond holes for a total c.600m and is scheduled to be completed during November 2014.
Argex Titanium, Inc., an emerging producer of high-grade titanium dioxide (TiO2) used as white pigment in paint, plastic, paper, cosmetics and other applications, has won the ICIS 2014 Award for Best Innovation by Small or Medium-Sized Enterprise (SME) in recognition of its novel method of producing titanium dioxide pigment.
Rox Resources Limited is pleased to report exceptional assay results from reverse circulation (RC) drilling undertaken at the Bonya copper project, located 350km east of Alice Springs in the Northern Territory. A massive copper sulphide mineralised body has been intersected in three drill holes at the Bonya Mine prospect from near surface to approximately 100m depth.
Ausdrill Limited has reviewed its anticipated operating performance for the financial year ending 30 June 2015. In light of the Group’s results for the first quarter to September 2014, prevailing market conditions, and a revision of the FY2015 forecasts, Ausdrill expects to report EBITDA of between A$150 million and A$160 million for FY2015 on revenues of approximately A$840 million. By way of comparison, Ausdrill reported EBITDA of $173.7 million on revenue of $826.3 million for the financial year ended 30 June 2014.
Excelsior Gold Limited is pleased to announce that the execution of the Capital Contribution and Ore Treatment Agreement with Norton Gold Fields Limited relating to a long-term milling allocation at the Paddington Mill has occurred. Pursuant to the Agreement, Norton agrees to process 500,000 tonnes of ore per annum over a period of 5 years and Excelsior Gold was granted options to extend the annual allocation on a yearly basis for a further five years, providing a cumulative allocation of up to 5 million tonnes.
Xcite Energy announces that its 100% subsidiary, Xcite Energy Resources plc, has entered into a Memorandum of Understanding with Baker Hughes Limited, which sets out the principles for the provision of oil field services for the Bentley field and which are likely to include the supply of drilling and completion services, well engineering, electronic submersible pumps and reservoir engineering. Baker Hughes will work with all the key stakeholders in a collaborative manner to develop innovative, field specific technical and commercial oil field services for Bentley, which maximise the economic recovery from the field and the economic return for all stakeholders.
During the quarter, Exoma conducted preliminary planning for the drilling of four wells in the Galilee Basin permits. These wells are scheduled to be drilled in 2015. As previously advised Exoma does not intend to fund the drilling of further wells in these permits and expects to manage its financial exposure to this work by way of further farmout, or sale of interest in the permits.