Melissa Pistilli has been reporting on market-shaking news in the resource and mining investment sector for over five years and has been with the Investing News Network since 2008. She has written on a wide variety of topics, from managing political risk in the mining industry to manipulation in the silver market. Formerly the managing editor of the Investing News Network, Melissa now serves as a senior reporter writing for Lithium Investing News and Uranium Investing News. She is most interested in the impact of global economics, politics and sociocultural influences on the commodities markets, and this shows in her reporting. Melissa holds a bachelor’s degree in English education as well as a master’s degree in teaching of writing, both from Humboldt State University, California. She currently resides at the heart of Canada’s mining industry — Vancouver, British Columbia.
Xtreme Oil & Gas, Inc. (PINKSHEETS: XTOG) reported the appointment of Roger Wurtele as the Company’s new Chief Financial Officer. The press release is quoted as saying: Mr. Wurtele was the CFO of a company that operated approximately 900 oil wells, located in three states, and employed fifty-five employees. He created accounting, reporting, and compliance [...]
Triton Energy Corp. (TSX VENTURE:TEZ) reported that the company has closed the acquisition of approximately 1,100 boepd in west central Alberta for consideration of approximately $45 million prior to normal adjustments, closed the previously announced $25 million bought deal financing of common shares increased its credit facilities to $25 million and closed the previously announced [...]
Financialsense.com reported on Natural Gas Outlook 2010: The outlook for natural gas remains negative as the supply of the fuel outstrips demand. This situation will remain in place throughout the 2009-2010 heating season, unless the U.S. experiences an extremely cold winter. The earliest this situation will change will be during the 2010 – 2011 heating [...]
Nexstar Energy Ltd. (TSX VENTURE:NXE.A) reported that the company has completed its previously announced Arrangement with Result Energy Inc, pursuant to a Plan of Arrangement. The press release is quoted as saying: At the Special Meeting of the shareholders of Nexstar which was held on February 16, 2010, the Arrangement was approved by over 99% [...]
Western Potash (TSX-V: WPX) announced today that drill hole data from their potash exploration program has returned data suggesting the presence of hydrocarbons. An evaluation by a petroleum geologist suggests two formations are targets for significant natural gas. Patricio Varas, the CEO of WPX is quoted saying: The possibility of having sizable natural gas pools [...]
FairWest Energy Corporation (TSX VENTURE:FEC) that the company is continuing to operate under the terms of a Forbearance Agreement with its principal lender which was designed to allow the Company to comply with the terms of its credit facility with the Bank. The press release is quoted as saying: FairWest (TSX VENTURE:FEC) is a Calgary, [...]
Delphi Energy Corp. (TSX:DEE) announced the company’s crude oil and natural gas reserves information for the year ended December 31, 2009. The press release is quoted as saying: Achieved finding, development and acquisition costs (“FD&A”) of $12.06 per barrel of oil equivalent (“boe”) for total proved reserves and $9.21 per boe for total proved plus [...]
LOMIKO METALS INC. (TSX VENTURE:LMR)(PINK SHEETS:LMRMF)(Europe: ISIN: CA54163Q1028, WKN: A0Q9W7) reported that Japan Oil, Gas and Metals National Corporation (“JOGMEC”) has entered into a Memorandum of Agreement with Lomiko Metals Inc. and its wholly-owned subsidiary Lomiko Metals USA LLC to acquire 51% of Lomiko’s Alkali Lake Project in Esmeralda after completing $2.5 million USD in [...]
Veraz Petroleum Ltd. (CNSX:VRZ) reported that the TSX Venture Exchange has approved the Corporations Listing Application. The shares of the Corporation will begin trading on the TSX-V on Tuesday, February 16, 2010 under the symbol VRZ. The press release is quoted as saying: Veraz is a junior international oil and gas exploration company based in [...]
