Connacher Oil and Gas Limited said former President and Chief Operating Officer Peter D. Sametz has not only returned to the company after a two-month absence, but has been appointed Interim Chief Executive Officer, effective immediately. Connacher also announced that as of Dec. 31, 2011 its estimated proved and probable bitumen and conventional crude oil and natural gas reserves, as evaluated by GLJ Petroleum Consultants Ltd. totaled approximately 504 million barrels of oil equivalent. The stock fell nearly 6 per cent on Tuesday.
COM DEV International Ltd. , a leading manufacturer of space hardware subsystems, announced that it has been awarded three satellite equipment contracts with a combined value in excess of $22-million.
High Liner Foods - which is just shy of an existing year high $19 - will host a conference call on Thursday, Feb. 23, 2012 at 9.30 a.m. ET to discuss its fourth quarter and fiscal year 2011 financial results. The North American frozen seafood company will report its financial results today.
EmberClear Corp. , an advanced energy development company today announced its unaudited financial results for the three-month period ended Dec. 31, 2011. EMB's net loss for the three month period was $1.65-million compared to net income of around $7-million for the same three months in the prior year. As of Dec. 31, 2011 the cash position of the company was $4.21-million with working capital of $3.43-million compared to working capital of $9.25-million at June 30, 2011.
Compliance Energy Corporation reported the assay results of nine diamond drill holes from the company's drilling program at the Camp Lake project, around 25 kilometres west of Campbell River, British Columbia. Highlights: hole 11-CL-08, which returned an 8.9 metre (29 foot) intercept of 58.36 per cent magnetic iron, and 1151 ppm (0.1151 per cent) Cu and hole 11-CL-06, which returned an 8.4 metre (26 foot) intercept of 41.35 per cent magnetic iron, 695 ppm (0.0695 per cent) Cu (copper) and 522 ppm (0.0522 per cent) Zn (Zinc).
International Lithium Corp. , which hit year lows of 9 cents Tuesday, announced the results from the company's recent drill program on the lithium and rare metals pegmatite field spanning the Mavis Lake and Fairservice claim blocks near Dryden Ontario. Recent discovery of 78m pegmatite intersection in hole MF11-12 reveals multi-rare metal mineralization; 1,924 ppm Rb2O over the entire 78 metres in conjunction with 1.86 per cent Li2O over 26.25m and 1.22 per cent Li2O over 28.45m; additional 31 metre pegmatite intersected in hole MF11-12 returns 1,779 ppm Rb2O; tantalum highlights include 165 ppm Ta2O5 over 23.0m and 182 ppm Ta2O5 over 10.8m; tantalum and rubidium are more widely distributed on the property than previously thought; and Caesium highlights include 2.15m averaging 571 ppm Cs2O.
Gold Standard Ventures Corp. reported today that hole RR11-16 has intersected 185 feet of 0.124 opt of gold (56.4 meters of 4.26 grams/Tonne). Drill hole RR11-16 is being drilled at an angle of -70 degrees eastward into a north-south-trending target within the North Bullion Fault Zone. The mineralized zone appears to be flat-lying which indicates that these intercepts are likely to approximate true width. Additional drilling is required to define the orientation and thickness of the mineralized zone.
Brazilian Gold Corporation reported today assay results for the first 5 holes of the Phase II drill program (approx. 2,500 m) on the VG1 target (Boa Vista project) in the Tapajos region of northern Brazil. The discovery hole tested the eastern part of a 2 km long gold in soil anomaly and intersected 1.43 g/t gold over its entire length of 102.3 m and ended in mineralization.
New Zealand Energy Corp. today announced that based on its early operational success in the Taranaki basin, management has prepared a production forecast with exit rate guidance for 2012 of 3,000 barrels of oil equivalent per day. The guidance was prepared based on the production results disclosed in the company's February 21 news release, planned drilling of eight net additional wells in 2012, completion of a natural gas pipeline and continued performance in line with existing oil and natural gas production from Copper Moki-1 and Copper Moki-2.
Golden Reign Resources Ltd. today reported results from the initial drill program at the Las Conchitas area of its flagship San Albino-Murra Gold Property, Nueva Segovia, Nicaragua. The drill program was designed to follow up an extensive 2011 trenching program that outlined numerous drill targets and successfully exposed a system of sub-parallel, gold-bearing quartz veins ranging from 1 to 8 metres in true width. In all, four newly discovered, highly prospective mineralized zones were identified.