Company Updates

Sprint Energy Ltd (“Sprint”) (ASX Code: SPS) wishes to advise that it has elected not to exercise its option to acquire Eternal Resources Ltd (“Eternal”) and its Louisiana based assets. This decision was reached following some 2 months of due diligence studies and negotiations in which agreement could not be reached with Eternal regarding the […]

Its strength has stimulated significant investment at the exploration level, although local speculative appetite appears to be slowing. The number of gold-focused initial public offerings on the Australian Securities Exchange has halved during the past year. Most are trading below their issue price. In contrast, the HUI Index of unhedged gold producers has mimicked prices […]

IT was just the tip of the iceberg. We’re talking about last week’s move by Zijin Mining Group to launch a $299 million bid for Norton Gold Fields (NGF), which operates the Paddington goldmine near Kalgoorlie. There was some surprise expressed at this: while Chinese companies have been snapping up bulk and base metals projects […]

The first commercial application of the Eco Whisper turbine, claimed to be the world’s quietest 20kW wind turbine, is being installed and will be connected to the grid near Tullamarine in Melbourne. Produced and developed by Queensland-based Renewable Energy Solutions Australia (RESA), the 30 blade Eco Whisper turbine delivers virtually silent operation and produces up […]

The Gold Report: Richard, at the Gold Symposium in Sydney, Australia, last November, one of your charts tracked the erosion of U.S. dollar purchasing power. Can you give us a summary? Richard Karn: It’s interesting that if you go back to the late 18th century, the dollar has been on the gold standard roughly the […]

Oil Basins Limited (ASX codes OBL, OBLOA & OBLOB) and Green Rock Energy Limited (ASX code GRK) have executed a Heads of Agreement (HOA) relating to the farmout of up to a 20% interest in the Backreef Area, Canning Basin, Western Australia with an up-front Option Payment from GRK of $1.1 million. This will fund […]

Oil Basins Limited (ASX codes OBL, OBLOA, OBLOB or the Company) is pleased to announce that it has commissioned Alpha Securities Pty Ltd to prepare a research report on the Company’s activities. This research report is available at the Shareholder Centre / Research section of the Company’s website www.oilbasins.com.au ———– To view full announcement, please […]

FMJ is pleased to advise that it has reached agreement with all the relevant parties in relation to the acquisition of the Zhilyanskoe and Chelkar projects in Kazakhstan. The agreement includes the resolution of the dispute which was the subject of Kazakhstan arbitration as announced to ASX under the Headline of “Status of Acquisition of […]

FMJ is pleased to advise that it has reached agreement with all the relevant parties in relation to the acquisition of the Zhilyanskoe and Chelkar projects in Kazakhstan. The agreement includes the resolution of the dispute which was the subject of Kazakhstan arbitration as announced to ASX under the Headline of “Status of Acquisition of […]