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OphiraVencap Inc. Announces Proposed Qualifying Transaction with North Sea Energy Inc.
OphiraVencap Inc. (”OPHIRA”) announces that on July 27, 2007 it signed a Letter of Intent (the “Letter of Intent”) with North Sea Energy Inc. (”NORTH SEA”), an arm’s length party, for the potential acquisition of all the issued and outstanding shares of NORTH SEA whether directly, by way of three cornered amalgamation, or by merger [...]
TSX puts in flat close following 2 strong sessions;NY closed for July 4 holiday
The Toronto stock market put in a flat performance Wednesday as investors stepped back after two sessions of strong, triple digit gains, lacking direction from south of the border with U.S. markets closed for the Independence Day holiday.
“New York, certainly to us, is the most relevant market because a lot of Canadian money managers, when [...]
Uranium Funds Points to Near-Term U3O8 Price Decline
Nuclear Market Review [NMR] editor Treva Klingbiel reported in this week’s issue, “Two sellers that were evaluating bids in response to their auctions have concluded their evaluations and have decided not to sell at this time.” She added, “Both sellers preferred to make delivery in June while most bidders were seeking delivery for several months [...]
Sterling Firm Exports To Nigeria And Beyond
The international transaction between a Sterling and Nigerian company began with an e-mail inquiry.
Kayode Thomas, the Nigeria- and UK-based CEO and managing director of Bell Oil & Gas, contacted Inovex Industries about distributing its Virginia-made products in the oil-rich west African nation. Thomas found Inovex online and wanted to distribute its tire sealants first in [...]
Liberia: Twist-Turns on Oil Halted
Oil exploration in Liberia has for many decades appeared a folktale, with the population informed about the presence of the mineral on its shore, specifically the belt along Rivercess County, while under given circumstances those in the echelon of government have not been specific about the issue.
A year ago, Liberian experts in the mining sector [...]
IMICON 2007 to Spur Mining Expansion in Nigeria
The nation’s mining sector is on the threshold of a major expansion, as the 2nd International Mining Investment Conference and Exhibition on Nigeria (IMICON 2007) will take place from February 13 to 15 2007, at the Transcorp Hilton Hotel, Abuja.
The forum, described as the biggest annual mining event in the country, is being organised by [...]
Oil Bloc Acquisition: Between Discretionary Allocation and Open Bidding
With the next bid round expected soon, Niyi Ayoola-Daniels Esq examines the law and practice of oil bloc acquisition in Nigeria and argues that Nigeria should place national interest above sweet-coated globalisation principles
This write up examines the law and practice of Oil Bloc Acquisition in Nigeria. An attempt would be made to put [...]
CNOOC profit tops forecasts
HONG KONG (Reuters) – CNOOC Ltd. (0883.HK: Quote, Profile, Research), China’s top offshore oil and gas firm, beat forecasts with a 38 percent jump in first-half earnings on Tuesday after higher oil prices offset a hefty windfall tax payout.
The company reaffirmed its output targets for 2006.
Analysts expect CNOOC to sustain growth in the second half [...]
