INTERNATIONAL QUOTES (March 29, 2010)
Australia (A$) Mar 23 Mar 09 Change Aquila Resources 10.65 10.7 -0.05 Bendigo Mining 0.24 0.24 0.00 Centennial Coal 4.13 3.93 0.20 Fortescue Res 4.79 4.84 -0.05 Iluka…
Volume 96 Number 6 - Mar 29 - Apr 4, 2010
EXCHANGE RATES (March 29, 2010)
CANADIAN/U. S. EXCHANGE (Bank of Canada noon rate) Date Mar. 22 Mar. 19 Mar. 18 Mar. 17 Mar. 16 US$ in C$ 1.0193 1.0155 1.0139 1.0113 1.0148 C$ in US$ 0.9811 0.9847 0.9863 0.9888 0…
Oilsands Quest turns to SAGD (March 29, 2010)
When Oilsands Quest (BQI-X) started drilling at its Axe Lake project in Saskatchewan in 2006, there was a much uncertainty in the industry about whether the oilsands of northern Alberta continued to the east.”A lot of people in the industry…
Technical Analysis Report: Oilsands plays
Despite the recent ill wishes from the World Wildlife Fund and Canadian actress Neve Campbell, the development of Alberta’s oilsands continues unabated.While a WWF report and a new documentary narrated by Campbell simultaneously unleashed…
China’s toehold in the oilsands may become a larger footprint (March 29, 2010)
Last September, China made its biggest jump into Canada’s oilsands with PetroChina (PTR-N) slapping down $1.9 billion for a 60% stake in two undeveloped projects near Fort McMurray in northern Alberta owned by privately held Athabasca Oil Sands…
Suncor’s Firebag expansion gets OK
The first two stages of Suncor Energy’s (SU-T, SU-N) Firebag in situ oilsands project have been in operation since 2003 and 2005, respectively, with combined production of about 60,000 barrels per day. Stage three has a planned production…
S. Pacific buys McKay remainder
Southern Pacific (STP-V) has signed a deal to increase its stake in the McKay oilsands project 45 km northwest of Fort McMurray, Alta., from 80% to 100%.Southern Pacific has agreed to pay $33 million for 59 sections of land from Bounty…
BP returns to the oilsands
VANCOUVER — BP (BP-N, BP-L) has made a big swing back into Canada’s oilsands with two separate deals to develop properties in the Athabasca region.BP struck a deal with privately-held Value Creation to take a majority stake in the 740-sq.-km…
UTS: a rare breed on the oilsands (March 29, 2010)
UTS Energy (UTS-T) has established itself as a rarity amongst oilsands juniors.After warding off a hostile takeover bid from Paris-based oil giant Total (TOT-N) last year, the Calgary-based company now holds key positions in three significant…
SAGD projects graded on environmental impact
VANCOUVER — Oilsands companies in Alberta using in situ, steam-assisted gravity drainage (SAGD) extraction techniques on deposits too deep to mine will no doubt end up doing less environmental damage than comparable open-pit oilsands…
Oro Gold hits high-grade gold in resource gap
VANCOUVER — A high-grade gold hit has connected two separate zones at Oro Gold Resources’ (OGR-V) Trinidad property in Sinaloa, Mexico.
Pan American and Silver Wheaton team up
VANCOUVER — Two successful silver companies have joined forces to tackle the Navidad project in Argentina, one of the largest undeveloped silver deposits in the world. In what has now become a famili…