CBM Asia Development Corp. (TSXV:TCF) applied for a management cease trade order to the British Columbia Securities Commission due to a delay in obtaining financial information and lack of funding.
Energy Company News Directory
Azincourt Uranium Inc. (TSXV:AAZ) has signed a non-binding letter of intent with Macusani Yellowcake Inc. (TSXV:YEL,FWB:QG1) which contemplates the acquisition by Macusani of all of Azincourt's adjacent uranium properties on the Macusani Plateau in Peru in exchange for 68,350,000 common shares of Macusani.
Forum Uranium Corp.'s (TSX VENTURE:FDC) winter drill program on its 100% owned Clearwater Property has successfully identified five major structural trends with reactivated graphitic shear zones, alteration, and areas of localized radioactivity. These positive results warrant leaving the camp and drill on site to expedite the planning of a follow-up summer program with minimal start-up costs.
Deutsche Welle reported that Germany's Essen based RWE (ETR:RWE) has begun supplying gas to the Ukraine. According to Deutsche-Welle, RWE signed a contract for natural gas deliveries with Kyiv in 2012, but has not yet specified the price Ukraine will pay for the gas.
The Guardian reported today that two workers were killed in a mine collapse on Tuesday night. A wall collapsed in the New South Wales Austar coal mine just after 9 pm, trapping the two men.
Fission 3.0 Corp. (TSXV:FUU) and its Joint Venture partner, Brades Resource, (TSXV:BRA) announced the results of two surveys at the Clearwater West property in Saskatchewan's Athabasca Basin. Both a high resolution magnetic survey and Fission 3's patent-pending radiometric airborne survey were conducted on the site.
Uranium Energy Corp (NYSEMKT:UEC) has filed a mine permit application and aquifer exemption application for its Burke Hollow ISR Project in Bee County Texas. It filed the applications on April 11 of this year with the Texas Commission on Environmental Quality. To date, Uranium Energy has explored 40 percent of the Burke Hollow Property.
The Moscow Times reported that Rosneft Oil Co. (OTCMKTS:RNFTF), Russia's largest oil company, will begin drilling for oil in the Arctic shelf this year. This follows earlier statements from Rosneft that it will be focusing its future exploration work on off-shore projects, according to the Times.
Bloomberg reported that Glencore Xstrata (LSE:GLEN) has purchased Caracal Energy Inc. (LSE:CRCL) for roughly $1.35 billion. Glencore hopes to gain oil and gas assets in central Africa, as Caracal is focused in Chad.