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Saturday
4 July 2009
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   TODAY'S STORIES
 
OIL AND GAS 
Rift board welcomes Talisman takeover


THE Rift Oil board has rejected a farm-in proposal from an unnamed oil major and is instead recommending a complete takeover by Canada’s Talisman Energy.
Full Story...


MORE OIL AND GAS

Macquarie: Santos could sell stakes of PNG LNG


PNG LNG signs up more customers


InterOil ramps up capital spending


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MINING 
Highlands hopeful on Frieda River results


LATEST drilling results from Highlands Pacific and Xstrata’s Frieda River project in Papua New Guinea suggest just why the Swiss major is spending $US36 million ($A44.4 million) on exploration at the project this year.
Full Story...


MORE MINING

Production and exploration success for NGG


Goldminex reshuffles board


High-grade extensions at Co-O


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MARKET WATCH 
InterOil leads in new financial year


INTEROIL stocks have made the biggest move this week, while market uncertainty has marked the start of a new financial year amid the ongoing global financial crisis.
Full Story...


MORE MARKET WATCH

Rift board welcomes Talisman takeover


Macquarie: Santos could sell stakes of PNG LNG


Highlands hopeful on Frieda River results


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REGIONAL WATCH 
High-grade extensions at Co-O


MEDUSA Mining has intersected high-grade extensions to the east of its operating Co-O gold mine in the Philippines.
Full Story...


MORE REGIONAL WATCH

Indonesian mud volcano could flow for 30 years


Otto debt free, poised for growth


More positive results from Red Emperor


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PNG LNG 
PNG LNG signs up more customers


EXXONMOBIL has reached alignment on commercial terms with three Asian customers for its PNG LNG project in Papua New Guinea for the offtake of the remaining 4.3 million tonnes of LNG per annum available.
Full Story...


MORE PNG LNG

Early works starts on PNG LNG


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InterOil leads in new financial year


INTEROIL stocks have made the biggest move this week, while market uncertainty has marked the start of a new financial year amid the ongoing global financial crisis.
Full Story...


Rift board welcomes Talisman takeover


THE Rift Oil board has rejected a farm-in proposal from an unnamed oil major and is instead recommending a complete takeover by Canada’s Talisman Energy.
Full Story...


Macquarie: Santos could sell stakes of PNG LNG


RECENT Australian coal seam gas-related acquisitions by Santos has Macquarie Private Wealth speculating that the major Australian energy company might have to sell stakes in either PNG LNG or its Gladstone LNG project in Queensland to get more cash.
Full Story...

Highlands hopeful on Frieda River results


LATEST drilling results from Highlands Pacific and Xstrata’s Frieda River project in Papua New Guinea suggest just why the Swiss major is spending $US36 million ($A44.4 million) on exploration at the project this year.
Full Story...


Better braking in any environment


PAPUA New Guinea hosts some of the most unforgiving environmental operating conditions in the world, but Petromin’s Tolukuma gold mine has countered some of the difficulties with Australian wet brake technology.
Full Story...


Production and exploration success for NGG


TORONTO-listed New Guinea Gold has ramped up gold production almost 40% at its Sinivit mine in East New Britain, while exploration is continuing to get some hefty intersections.
Full Story...


Volatility the name of the game


IT has been a volatile week for base metals on the London Metal Exchange and for global oil prices.
Full Story...


PNG LNG signs up more customers


EXXONMOBIL has reached alignment on commercial terms with three Asian customers for its PNG LNG project in Papua New Guinea for the offtake of the remaining 4.3 million tonnes of LNG per annum available.
Full Story...


Goldminex reshuffles board


PAPUA New Guinea-focused explorer Goldminex has made a number of changes to its board.
Full Story...


InterOil ramps up capital spending


INTEROIL is bucking the trend of cutting down on expenditure and instead will increase capital spending to take advantage of the global downturn in industry activity.
Full Story...


High-grade extensions at Co-O


MEDUSA Mining has intersected high-grade extensions to the east of its operating Co-O gold mine in the Philippines.
Full Story...


Indonesian mud volcano could flow for 30 years


THE Indonesian mud volcano in East Java’s Sidoarjo district – known to locals as “Lusi” – could continue flowing at its current rate of 100,000 cubic metres of mud per day for the next 30 years, according to Curtin University of Technology researcher Dr Mark Tingay.
Full Story...


Otto debt free, poised for growth


OTTO Energy will soon start to reap rewards from the Galoc field in the offshore Palawan Basin, Philippines, after paying off its debt for the field development.
Full Story...


PNG stocks in the red


WEAKNESS in global markets and the end of the base metal rally sent most miners and oilies operating in Papua New Guinea down this week.
Full Story...


Chrome picks up PNG gold play


CHROME Corporation has announced it will acquire Papua New Guinea gold explorer Pacific Nuigini Minerals in an all-scrip transaction.
Full Story...


Allied reaches milestone at PNG


PAPUA New Guinea gold miner Allied Gold has produced its 100,000th ounce of gold and says it should produce more than 70,000oz next year.
Full Story...





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