Quest Uranium Returns up to 25.4% U3O8 on James Bay Area Uranium Option Properties, Quebec Sep 25, 2008
Under the terms of the agreement with Midland, Quest has an option to acquire a 50% undivided interest in all of Midland's properties in the James Bay region, subject to an area-of-interest, under the following conditions. - Cash payments of $200,000 over four years; and. (CCNMatthews Press Releases)
Chevron extends agreement with Saudi Arabia Sep 17, 2008
Saudi Arabian Chevron and the , operator for Kuwait s equal 50 percent undivided interest in the petroleum resources of the onshore PNZ, jointly operate four fields in the area -- Wafra, South Umm Gudair, South Fuwaris and Humma --- that produce mainly heavy crude from 10 reservoirs. In 2004, the 3 billionth barrel of oil was produced in the onshore PNZ. Operations in the PNZ are managed by the Saudi Arabia/Partitioned Neutral Zone Strategic Business Unit of the Chevron Europe, Eurasia and... (East Bay Business Times, CA)
First results from current drilling program extend gold & base metal mineralization at the Corak property Sep 3, 2008
About Mediterranean Resources Mediterranean acquired an undivided interest in the Tac and Corak properties from a major mining company in 2006. Over $13 million in cumulative expenditures have been made to date, resulting in over 2 million ounces (gold equivalent) combined resource estimates. (Canada Newswire)
Quest Acquires Uranium Property in the LG4 Area, James Bay Region, Quebec Aug 22, 2008
Under the terms of the agreement, Quest has an option to acquire a 100% undivided interest in the 14 claims, subject to the following conditions. - Cash payments by Quest of $80,000, $40,000 on signing and $40,000 in one year. (CCNMatthews Press Releases)
Grizzly Diamonds Ltd. and Fractal Mining Corporation Sign Option on French Property, British Columbia Aug 13, 2008
Under the terms of the LOI, Fractal, a private arms-length company, has been granted an option (the "Option") to acquire up to a 70% undivided interest in the French property by making a cash payment to Grizzly of $5,000 on signing and issuing to Grizzly 50,000 common shares of Fractal ("Fractal Shares"). To earn-in to an undivided 70% interest in the property, Fractal must issue to Grizzly an additional 150,000 Fractal Shares and incur a minimum of $500,000 in exploration expenditures prior to... (CCNMatthews Press Releases)
ESO Uranium and Logan Resources Ltd. Sign Agreement for Cluff Lake Area Property, in the West Athabasca Basin, Saskatchewan Aug 11, 2008
Under the agreement Logan will transfer a further 30% interest in the claims to ESO which shall result in ESO having an 80% undivided interest in the property. ESO shall produce a bankable feasibility study with Logan having a carried interest until the feasibility study is delivered at which time Logan will have the choice to take on a 20% participating interest in a new company to operate the production facility or take on a 2% gross over-riding royalty for all uranium mineral products and a... (CCNMatthews Press Releases)
Troymet Exploration Provides Operational Update Aug 1, 2008
Troymet completed a very successful 2008 winter diamond drilling program on the McClarty Lake project, Snow Lake, Manitoba and earned a 60% interest in two claims from Hudson Bay Exploration and Development Limited (HBED), a 100% owned subsidiary of HudBay Minerals Inc. Under the terms of the Option Agreement, HBED has elected to earn back a twenty (20%) percent undivided interest in the two claims from Troymet by spending $750,000 on exploration over the next three years (Reference: June 12,... (CCNMatthews Press Releases)
Epsilon Energy Ltd. Restates Certain Sedar Filings Jul 23, 2008
14% paying interest and a 50% undivided interest in the Block 41 Production Sharing Agreement, which covers approximately 5,600 sq. km.. - Ethiopia: Epsilon has signed a study agreement covering 154,871. (CCNMatthews Press Releases)
Goldeye Exercises Option to Acquire Balance of Sonia-Puma Property in Chile Jul 21, 2008
5% NSR. A 50% undivided interest in the Sonia-Puma property vested in Goldeye by Goldeye's making certain cash and share payments and incurring certain exploration expenditures. Goldeye has met all requirements under the option agreement and can earn a 100% interest by making a further payment of $250,000 in either cash or the equivalent sum in common shares of Goldeye based on the average closing trading price on the ten trading days prior to the date of delivery of the shares. (CCNMatthews Press Releases)
TSX Venture Exchange Daily Bulletins for July 16, 2008 Jul 17, 2008
TSX-X -------------------------------------------------------------------------- NORTEC VENTURES CORP. ("NVT") BULLETIN TYPE: Property-Asset or Share Purchase Agreement BULLETIN DATE: July 16, 2008 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing a memorandum of understanding dated July 26, 2007 between Nortec Ventures Corp. (the 'Company') and Akkerman Exploration B.V., whereby the Company has the exclusive right until July 31, 2008 to enter into an option agreement... (CCNMatthews Press Releases)
Eloro Completes Acquisition of Strategic Hydrocarbon (Gas) Land Package in Quebec Jul 16, 2008
Pursuant to the terms of the Acquisition the Company acquired a 100% undivided interest in the Property by making cash payments totalling C$50,000 to three Vendors, committing to complete C$ 500,000 in exploration expenditures over a two year period, and issuing an aggregate total of 1. 5 million shares of Eloro to the Vendors, subject to a four month hold period expiring November 16, 2008. (CCNMatthews Press Releases)
Diamondex Grants Canada Nickel Corp. Option to Earn 51% Interest in Its James Bay Lowlands Properties for $5,000,000 Cash Payment and $20,000,000 Work Expenditures Jul 8, 2008
Following Canada Nickel's exercise of the Option to earn a 51% undivided interest, Diamondex and Canada Nickel will form a participating Joint Venture for further exploration and development of the Property. Diamondex will be the Operator for the Project during the earn-in period. (CCNMatthews Press Releases)
Landfill suit tribunal sets valuations Jul 3, 2008
However, some of the parcels contain an undivided interest, and a formal request for payment will have to be filed with the court. There are also questions of adverse possession of surface ownership, and some of those involved in the settlement will be required to prove their ownership to the satisfaction of the court. (Navasota Examiner, TX)
Landfill hearings begin on Monday Jun 26, 2008
22375 acres of undivided interest in a 64. 48 tract of land. (Navasota Examiner, TX)
Ansell Capital Corp. Proposed Qualifying Transaction Jun 20, 2008
WEST VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 20, 2008) - Ansell Capital Corp. ("Ansell") (TSX VENTURE: - ) is pleased to announce that it has signed a letter of intent dated May 7, 2008 with Fury Explorations Ltd. ("Fury") and its wholly owned Mexican subsidiary Fury Explorations Mexico, S. de R.L de C.V. pursuant to which Ansell can acquire in an arms length transaction a 70% undivided interest in and to five (5) mineral exploration concessions located in Jalisco State, Mexico 200 km... (CCNMatthews Press Releases)
Industrial Minerals Inc. - Corporate Update Jun 14, 2008
About Industrial Minerals, Inc. ------------------------------- Industrial Minerals Inc. through its wholly owned subsidiary Industrial Minerals Canada Inc., headquartered in Oakville, Ontario, Canada, owns 100% of the undivided interest in the Bissett Creek Graphite patented mineral lease, containing a resource of approximately 725,000 tonnes (327,700 tonnes indicated 00 tonnes inferred) of flake graphite based on approximately 7. 0% of the patented mineral leases that have been drilled to... (PR Newswire)
Pinnacle completes acquisition of gold assets Jun 12, 2008
4% undivided interest in the Kansas Claim is owned by Mountain Boy Minerals Ltd. Based on a NI 43-101 compliant Technical Report on the Silver Coin Property (which encompasses the Kansas Claim) prepared by Minefill Services, Inc. of Seattle, WA in April 2007, upon completion of the purchase, Pinnacle will have control over 70. 6% of 364,307 ounces of gold resources in the measured and indicated category (7,597,054 tonnes grading 1. (Canada Newswire)
Nebu Resources Inc. Announces Joint Venture Option Agreement With Quest Uranium Corporation Jun 12, 2008
TORONTO, ONTARIO--(Marketwire - June 12, 2008) - Nebu Resources Inc. (the "Corporation" or "Nebu") is pleased to announce that it has signed a joint venture option agreement with Quest Uranium Corporation ("Quest") whereby Nebu can earn a 50% undivided interest in the Stewart Lake and Nanuk properties which comprises 3,923 claims (162,987 hectares) owned by Quest in the George River area of Quebec. In order to earn its interest, Nebu must incur exploration expenses on these claims totaling $3... (CCNMatthews Press Releases)
Tenajon Closes Gold Asset Sale to Kansas Partner Jun 12, 2008
4% undivided interest in the Kansas Claim is owned by Mountain Boy Minerals Ltd.. ADVERTISEMENT. (CCNMatthews Press Releases)
Property owner contesting suit for landfill Jun 12, 2008
22375 acres of undivided interest in a 64. 48 tract of land in Carlos, told The Examiner his land is not for sale. (Navasota Examiner, TX)
Hallwood Energy, L.P. Announces Transaction Jun 11, 2008
DALLAS, June 10 /PRNewswire-FirstCall/ -- Hallwood Energy, L.P. today announced that it has entered into an agreement for the sale and farmout to a subsidiary of Talisman Energy, Inc. of an undivided interest in up to 33. 33% of Hallwood Energy's interest in substantially all its assets for a series of payments of up to $125 million, and has entered into an agreement to provide consulting services to the purchaser for one year. (PR Newswire)
Mazorro and Oro Gold Commence 5,000m Drill Program at Cimarron, Mexico Jun 10, 2008
Mazorro has the option to acquire from Oro Gold a 60% undivided interest in the Cimarron property by spending US$2. 65 million in exploration expenditures by June 30, 2011 and by issuing 1 million common shares in stages by June 30, 2010. (CCNMatthews Press Releases)
Shuffle Master, Inc. Reports Second Quarter 2008 Results Jun 10, 2008
01, net of tax, recognized on the sale of the Companys undivided interest in a NetJets Inc. corporate aircraft. Second Quarter 2008 Operating Highlights. (Yahoo! Wire -- Entertainment News)
Urbanfund Corp. Reports Financial Results for the Quarter Ended March 31, 2008 May 31, 2008
Both rental income and expenses increased as a result of the completion of the previously announced acquisition of a 68,866 square foot one-storey commercial shopping centre located at 305 North Front Street, Belleville, Ontario (the "Belleville Property") and a 16,000 square foot one-story commercial shopping centre located 476-480 Wonderland Road South, London, Ontario (the "London Property") and the fact that the Company's Richmond Property (a 10% undivided interest in a 556 residential unit... (CCNMatthews Press Releases)
Mediterranean commences 2008 drilling campaign in Turkey May 8, 2008
1 million of exploration by the Company in 2006 which led to the Company acquiring them with an undivided interest and US$5. 2 million of exploration in 2007. (Canada Newswire)
Joint Ownership: Proceed with Equal Parts of Creativity and Caution Apr 8, 2008
Undivided interest: Everyone owns everything even if the house is divided into separate units by agreement. Limitation of relationship: Personal estates of joint owners do not merge. (RealtyTimes)
Resolve Business Outsourcing Income Fund Reports Strong Financial Results Feb 23, 2008
Unitholders own an equal undivided interest in the Fund. The units do not and will not represent a direct investment in the Business. (CCNMatthews Press Releases)
One estate divided by 20 = confusion Feb 12, 2008
Twenty people getting ready to each receive an undivided interest in a house and some farmland is a potential recipe for disaster ... For these and many other reasons, leaving land to beneficiaries in undivided interests may well lead to partition, a legal proceeding by which multi-owner property is sold at judicial sale. (Pittsburgh Post-Gazette, PA)
Matoush: Confirmation of a Large Mineralized Zone 200 Metres Below The AM-15 Lens 2.86% eU3O8 Over 5.8 Metres Feb 6, 2008
Also in the Otish Mountains, Strateco will decide in the next two weeks whether it will exercise its right to acquire a 60% undivided interest in Majescor's 100% uranium interest in the Mistassini property, located 50 km southeast of the Matoush project's AM-15 lens. The letter of intent dated November 26, 2007 provides for Strateco to acquire a 60% interest by spending $1. (CCNMatthews Press Releases)
Mexivada options Jefferson Gold/Silver project to StoneShield Capital Feb 2, 2008
TSX-V: MNV OTC: MXVDF Frankfurt: M2Q VANCOUVER, Feb. 1 /PRNewswire-FirstCall/ - Mexivada Mining Corp. is pleased to announce that it has entered into a letter of intent with StoneShield Capital Corp. (TSX-V: STS.P) pursuant to which StoneShield has been granted an Option to earn up to a 70% undivided interest in the Jefferson Gold/Silver property, located 50 miles north-northwest of Tonopah, Nevada and three miles east of Round Mountain, Nevada. The Property comprises a contiguous block of 85... (PR Newswire)
Sunoco Logistics Partners L.P. Reports Record Results for 2007 and Declares Fourth Quarter Distribution Jan 24, 2008
(3) Includes results from the Partnership's purchase of a 50% undivided interest in a refined products terminal in Syracuse, New York in June 2007. (4) Consists of the Partnership's Fort Mifflin Terminal Complex, the Marcus Hook Tank Farm and the Eagle Point Dock. (PR Newswire)
LVFH Enters Into Licensing Arrangement for Asian Multi-Player Software Platform with CY Foundation Group; LVFH Also Proposes Qualifying Transaction with Touchdown Capital Inc. ("TD") Jan 9, 2008
(b) LVFH will sell to TD an undivided interest in the Asian Multi-player Software Platform and the Software Licensing Agreement between itself and CYF Group for a consideration of 40,000,000 post-split common shares of TD and LVFH will not sell or dividend out 20,000,000 of such shares prior to the date which is six months following the completion of the Qualifying Transaction and LVFH will not sell or dividend out the remaining 20,000,000 of such shares prior to the date which is two years... (CCNMatthews Press Releases)
Buy or sell, real estate lingo worth learning Dec 29, 2007
Tenancy in common: This gives unmarried individuals an undivided interest in a property; however if one party dies, ownership of that portion goes to the heirs and not necessarily the other owners. MLS, or Multiple Listing Service: A group of real estate brokers who pool information about properties for sale or lease into one database. (Anchorage Daily News)
Aberdeen Announces Net Asset Value of $0.94 Per Share and Third Quarter Financial Results Dec 13, 2007
Aberdeen is also the sole recorded and beneficial owner of a 100% undivided interest in exploration licences in Ethiopia covering an aggregate of 2,674 km2 in the Northern Regional State of Tigray and 1,766 km2 in the Western regional State of Asosa. Subsequent to the close of the quarter, Aberdeen agreed to vend these highly prospective exploration licences to Avion Resources Corp (TSX: - ) as previously reported. (CCNMatthews Press Releases)
Avion Resources Purchases Ethiopian Exploration Assets from Aberdeen International Nov 28, 2007
Avion has purchased the rights to a 100% undivided interest in exploration licenses in Ethiopia. The area covers approximately 2,674 km2 in the Northern Regional State of Tigray and 1,766 km2 in the Western regional State of Asosa. (CCNMatthews Press Releases)
Industrial Minerals Inc. announces engagement of agent for up to US $5.0 million private placement Nov 22, 2007
About Industrial Minerals Inc. ------------------------------ Industrial Minerals Inc. through its wholly owned subsidiary Industrial Minerals Canada Inc., headquartered in Oakville, Ontario, Canada, owns 100% of the undivided interest in the Bissett Creek Graphite patented mineral lease, containing a resource of 327,700 tonnes indicated plus 397,900 tonnes inferred of flake graphite based on approximately 10% of the patented mineral leases that have been drilled to date. The property is... (PR Newswire)
Magnum Commences Phase II Drilling at San Raphael Oct 25, 2007
Magnum is in the process of earning an 80% undivided interest in this property from its joint venture partner, Energy Metals Corporation (recently acquired by Uranium One Inc.). The planned Phase II drilling comprises fourteen (14) rotary holes totaling 11,600 feet, with cored intervals through projected ore horizons. (CCNMatthews Press Releases)
Tribune Uranium Finalizes Option Agreement With W.S. Ferreira Ltd. for Green and Quartz Claims, Located in the Reed Lake Mining District of Manitoba Oct 24, 2007
Under each option agreement Tribune may earn a 100-per-cent undivided interest in each property by paying the holder a total of $170,000 cash over four years and issuing an aggregate of 500,000 common shares over the same period. Tribune's interest in the property will be subject to a 2% net smelter royalty. (CCNMatthews Press Releases)
Done deals: The Valley's priciest home sales Oct 24, 2007
Steven K. Brimhall, with 80 percent undivided interest, and Michael Renner, with 20 percent undivided interest, purchased a 3,657square-foot home with pool originally built in 1997 east of the Ancala Country Club in Scottsdale. The home was sold by Mark and Lia Georgiadis Chong. (AZCentral -- Home)
Newswatch, Police/Fire Sep 27, 2007
Keokea-Waiohuli includes 66 farm lots and 320 undivided interest leases. Police, Fire, Courts Star-Bulletin staff. (Honolulu Star-Bulletin)
Evolving Gold Corp Signs Letter Agreement to Acquire Rattlesnake Hills Property in Wyoming Aug 7, 2007
NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/ VANCOUVER, Aug. 7 /CNW/ - Evolving Gold Corp. (TSX-V: EVG) (OTCBB: EVOGF) ("Evolving") is pleased to announce that it has entered into a letter of intent with Golden Predator Mines Inc. and Golden Predator Mines (US) Inc. (collective, "Golden Predator") for the acquisition of Golden Predator's mining options on a 100% undivided interest in the Rattlesnake Hills Property, located in Natrona County, Wyoming... (Canada Newswire)
Midland Exploration Inc. Acquires 50% Interest in Vermillon Property Jul 25, 2007
MONTREAL, QUEBEC--(CCNMatthews - July 25, 2007) - Midland Exploration Inc. ("Midland")(TSX VENTURE: - ) is pleased to report it has fulfilled its commitments to Soquem and thus acquired 50% undivided interest in the Vermillon property, located some 90 km southwest of the town of La Tuque, Quebec. The property consists of 259 contiguous claims covering a total surface area of 151 km2. (CCNMatthews Press Releases)
West Timmins Acquires One of Mexico's Highest Grade Historic Gold Producers: Historically Reported Production Grades of 95 g/t Gold (2.8 oz/ton) and 850 g/t Silver (24.8 oz/ton) Jul 18, 2007
West Timmins Mining can acquire a 100% undivided interest in the Lluvia de Oro project by making cash payments totalling 6,050,000 Mexican Pesos (CDN $585,783) in five equal instalments over 30 months. The right to purchase the project was initially acquired at auction from the Government of Mexico by consulting group Minera Cascabel S.A de C.V. and vended to West Timmins under the terms of a first right of refusal agreement between WTM and Minera Cascabel. (CCNMatthews Press Releases)
Western Oil Sands Announces New $805 Million Revolving Credit Facility Jun 25, 2007
QUICK SEARCH BY ORGANIZATION. FREE SUBSCRIPTION SERVICES. (Canada Newswire)
Terraco Increases Ownership in Moonlight Property to 100% Jun 21, 2007
The Moonlight Property was subject to an Exploration and Option Agreement amongst Metallic, the Company and its wholly owned subsidiary TGC Holdings Ltd., a Nevada corporation, details of which were announced February 6, 2006 and March 21, 2006, which enabled the Company to earn an undivided interest of up to 70% in the project. The Company has also assumed a Reservation of Royalty with Cordilleran Exploration Company, LLC, previously held by Metallic. (CCNMatthews Press Releases)
Urbanfund Corp. Provides Default Status Report Jun 19, 2007
The increase in net assets was due to the addition of the Company's 5% undivided interest in Laval and the on-going work at the Richmond Street re-development project. ---------------------------------------------------------------------- Year ended Year ended Year ended December 31, December 31, December 31, 2006 2005 2004 ---------------------------------------------------------------------- Revenue $1,356,983 $1,321,050 $1,274,732... (CCNMatthews Press Releases)
Bearclaw Reports Drill Results Jun 15, 2007
Weststar has now fulfilled the terms of the July 19, 2005 agreement with Bearclaw by expending a total of $500,000 on exploration on the Axe property and by making certain required cash and share payments, and has thereby earned a 66% undivided interest in the Axe property. Under the 2005 agreement, Bearclaw and Weststar are now obligated to negotiate the terms of a joint venture agreement. (CCNMatthews Press Releases)
Northfield Amends Option Agreement on Derinkoy Property Jun 2, 2007
Northfield has the right and option to earn a 51% undivided interest in the Derinkoy by satisfying the requirements up to and including December 31, 2009 (i. e. $2,000,000 in expenditures), and issuing 1,500,000 Shares to Aldridge. (CCNMatthews Press Releases)
Be wary when purchasing a condo May 17, 2007
By John AdamsContributor Published on: 05/13/07. A friend recently called to let me know she was buying a resale condominium in North Atlanta, and wanted to know if I could give her ideas on pitfalls specific to condominiums. (Atlanta Journal-Constitution)
Midland Exploration Inc. Reports New Good Drilling Results on its Maritime Cadillac Gold Property Apr 24, 2007
Agnico-Eagle will have the option to increase its undivided interest in the Property from 50% to 65% over a period of 3 years, by solely financing a bankable feasibility study on the Maritime Cadillac Property or by solely assuming all mining operations on the Maritime Cadillac Property, earning 1% additional interest for every $1,000,000 spent on the property (up to 15% by spending $15 million). Agnico-Eagle is the operator of the project. (CCNMatthews Press Releases)
Woodbury Planners Subdivision Hearing Opened Apr 11, 2007
He proposed that based on the small size of the subdivision, it could be placed in the deeds that the open space would be held as an undivided interest by the lot owners. "In the deed, we can also set forth the interest of all four owners to come to an agreement with the land trust in the future," he said. (Voices, CT)
Premier Diamond Corp. Agrees to Acquire Mexican Silver Mines (Guernsey) Limited and Increase Amount to be Raised under Private Placement Mar 27, 2007
Materias Primas owns 100% undivided interest in approximately 322,000 acres (130,400 hectares) of mineral properties (the "Property") located in the Mexican state of Nuevo Leon, approximately 160 kilometers north of the city of Monterrey. The Property is situated at the northeast extremity of the Sierra Madre Oriental. (CCNMatthews Press Releases)
Falcon Ventures Incorporated: Corporate Update Mar 22, 2007
Pursuant to a mineral property option agreement dated January 20, 2005, the Company was granted an option to acquire a 100% undivided interest in 42 claims located in the Sudbury area of Ontario ... Pursuant to a mineral property option agreement dated May 4, 2005, the Company was granted an option to acquire a 100% undivided interest in 2 claims located in the Timmins area of Ontario ... On January 14, 2005, the Company entered into an option agreement with Exploration Innovateurs (the... (CCNMatthews Press Releases)
Pemberton signs two binding land lease agreements Feb 27, 2007
CALGARY, Feb. 27 /CNW/ - (TSX.V:PBT, FSE:P5W) Pemberton Energy Ltd ("Pemberton") is pleased to announce that further to the news release of January 25, 2007 it has now signed two binding Petroleum and Natural Gas Land Lease Agreements on the lease of subsurface mineral rights in the Montney Zone, a depth of 1095 to 1313 meters, totaling 100% undivided interest on a 160 acre parcel in the Gage area of Peace River Arch holdings. This quarter section has been added to the Company's upcoming 3D... (Canada Newswire)
Aurcana Receives Approval on Option to Acquire Rosario Property, Mexico and Approval for Issuance of Shares to Penoles for US$1,000,000 Payment Feb 23, 2007
Aurcana may, subsequent to its technical and legal review of the Rosario Property agree to execute, within a term of six (6) months following the date of signing the Option Agreement, exercise the Option to Purchase and execute a Sale and Purchase Agreement to acquire the 100% undivided interest in the Rosario Property. In the event Aurcana Mexico executes the Sale and Purchase Agreement, consideration for the purchase of the Rosario Property is US$3,000,000. (CCNMatthews Press Releases)
Western Oil Sands Announces 2006 Year End Results Feb 22, 2007
Our primary asset is our 20 per cent undivided interest in the Athabasca Oil Sands Project. Western is also pursuing initiatives related to in-situ and technology development as well as downstream opportunities. (Canada Newswire)
PetroHunter Energy Corporation Announces Revisions to Agreement With MAB Resources LLC Feb 9, 2007
A summary of the terms of the Agreement as most recently amended is as follows: * PetroHunter's working interest in all its oil and gas properties is doubled (from 50% undivided interest in the properties to 100%); * PetroHunter's prior obligation to carry MAB for its 50% portion of the first $700 million in capital costs is eliminated; * In consideration for MAB Resources' assignment of its 50% working interest and relinquishment of the carried interest, it will receive 50 million shares of... (PR Newswire)
Pemberton Energy Ltd. - Company Update Jan 25, 2007
CALGARY, Jan. 25 /PRNewswire-FirstCall/ - (TSX.V: PBT, FSE: P5W) Pemberton Energy Ltd ("Pemberton") is pleased to announce that it has entered into 2 letters of intent for the negotiation on the lease of subsurface mineral rights in the Montney Zone, a depth of 1095 to 1313 meters, totaling 100% undivided interest on a 160 acre parcel in the Peace River Arch area ... In the Gage area Pemberton currently holds 720 acres with 100% undivided interest and 507 acres with 50% undivided interest, with... (PR Newswire)
PetroHunter Energy Corporation Announces Restructuring of Its Agreement With MAB Resources LLC and Announces Mezzanine Development Financing Jan 12, 2007
Summary of Changes * PetroHunter's working interest in all its oil and gas properties is doubled (from 50% undivided interest in the properties to 100%); * PetroHunter's prior obligation to carry MAB for its 50% portion of the first $700 million in capital costs is eliminated; * PetroHunter's aggregate monthly payments for consulting services related to the existing properties are reduced to $250,000 from $600,000; * MAB's 3% overriding royalty is increased to 10%, half of which accrues but is... (PR Newswire)
