Delivering News That Matters

Gran Tierra Energy Establishes Initial Exploration & Production Position in Brazil

CALGARY, Aug 30, 2010 /PRNewswire via COMTEX/ –
Acquires operated light oil reserves, production and exploration upside
Gran Tierra Energy Inc. (“Gran Tierra Energy”) (NYSE Amex: GTE, TSX: GTE), a company focused on oil and gas exploration and production in South America, today announced that it has finalized an agreement with Alvorada Petroleo S.A. (“Alvorada”) whereby Gran [...]

Week in Review: Stocks under pressure amid signs that recovery is losing momentum

For the week ended August 27, 2010
Bernanke pledges Fed will do all it can to ensure U.S. recovery
Weak GDP, durable goods orders, home sales reports show U.S. recovery losing pace
Initial U.S. jobless claims decline more than expected Toyota to recall 1.13 million Corolla and Matrix models J&J pulls hip implant product U.K. economy expands 1.2%
S&P [...]

Prophecy Provides Update on Ulaan Ovoo Mine Preparation, Mongolia

VANCOUVER, BRITISH COLUMBIA–(Marketwire – 08/26/10) – Prophecy Resource Corp. (“Prophecy” or the “Company”) (TSX-V:PCY – News)(Pinksheets:PRPCF – News)(Frankfurt:1P2 – News) Referring to the Mine Services Agreement between itself and Leighton Asia Limited, Prophecy announced today that Leighton has established the required infrastructure and deployed all necessary equipment and manpower (on schedule) to execute long term [...]

Gran Tierra Energy – Moqueta-2 Testing Confirms Additional Oil Pay at Moqueta Discovery, Colombia

CALGARY, Aug 26, 2010 /PRNewswire via COMTEX/ –
Well flows up to 1,077 BOPD from two zones independently without pumps, 850 BOPD comingled; no oil-water contacts identified
Gran Tierra Energy Inc. (“Gran Tierra Energy”) (AMEX: GTE; TSX: GTE), a company focused on oil and gas exploration and production in South America, today announced that it had completed [...]

CLIFFS NATURAL RESOURCES EXPLORATION INC. MAKES STRATEGIC INVESTMENT OF $1,450,000 IN RIVERSIDE RESOURCES INC.

August 25, 2010 – Vancouver, BC: Riverside Resources Inc. (“Riverside” or the “Company”) (TSX-V: RRI) announces that it has closed a private placement financing with Cliffs Natural Resources Exploration Inc. (“Cliffs”). Cliffs has purchased 2,416,667 common shares of Riverside at a price of $0.60 per share for proceeds of $1,450,000. The shares are subject to [...]

Aeroquest Ltd. Commences Airborne Survey over Rare Earth Prospect

August 25th, 2010, Vancouver, BC, Canada – Bolero Resources Corp. (the “Company” or “Bolero”), (TSX-V: BRU), (FRANKFURT: U7N1) announces that Aeroquest Ltd. has now commenced AeroTEM and Radiometric geophysical airborne surveys on the highly prospective “Carbonatite Syndicate Rare Earth Claim Group,” located 80 km northeast of Prince George, bordering Spectrum Mining’s “Wicheeda” Rare Earth [...]

The Hindenburg Omen — Omen-ous or Not?

Elliott Wave International Chief Market Analyst Steve Hochberg Sheds Light on a Feared Technical Indicator
By Elliott Wave International

Last week’s volatile market action coincided with a technical signal called the Hindenburg Omen whereby a relatively high number of new highs and lows in individual stocks occur at the same time. This indicator instantly gained an enormous [...]

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