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Major Drilling Group International Inc. is one of the drilling service companies serving the mining industry. Major Drilling’s business is primarily focused on mineral exploration drilling involving exploratory and definition drilling into soil and rock formations to obtain core and rock chip samples. The Company therefore categorizes...Read more
Recent Sector News
The completion of Kurdistan’s oil pipeline north through Turkey is understood to now be almost within touching distance.
The nuts and bolts of the deal are as follows: Falcon will pay C$3mln in cash and issue almost 98mln new shares to Sweetpea Petroleum, a subsidiary of PetroHunter Energy, for the 24.22% stake in Falcon Oil & Gas Australia (FOGA).
Cenkos analyst Ashley Kelty says the US$50mln funding arrangement is ‘hugely positive’ and it should bolster investor sentiment towards the stock.
Apollo Investment Management has agreed to buy up to US$50mln of senior secured notes in the company, with the first US$20mln being paid up front.
Oilex’s main project is in Gujarat’s Cambay Basin where the group is the first in India to deploy the horizontal drilling and fracking techniques used in North America to exploit unconventional oil and gas. Its Cambay 76H well came as close as you possibly can to banking a winner – but you get nothing in the binary world of oil and gas for coming close.
East African oil and gas company Wentworth Resources has revealed it is in talks with a strategic partner to provide it with debt financing
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