LOS ANGELES, Sept. 29 -- Cavitation Technologies, Inc. (CTI) (OTC Bulletin Board:CVAT.ob - News) is pleased to announce the receipt of Patent 7,762,715.
"This patent marks a milestone in building our patent portfolio," states Roman Gordon, CEO of CTI. This broadened IP is another step towards accelerating business development in the U.S. and around the world.
The current patent relates to a method for processing a fluidic mixture in a multi-stage hydrodynamic cavitation device and is used for processing heterogeneous fluids by the controllable formation of cavitation bubbles.
About Cavitation Technologies, Inc.
Cavitation Technologies, Inc (CTI). is a "Green-Tech" company, established in 2006. CTI designs and engineers NANO Technology based skid systems that are designed to serve growing markets such as edible oil refining, renewable fuels, crude oil yield enhancement, water-fuel emulsions, water purification and algae oil extraction. R&D has led to products including the Green D+Plus NANO Neutralization System - a vegetable oil refining system, and the Bioforce 9000 NANO Reactor System which performs the transeseterification process during the production of biodiesel. Both the Green D+Plus System and the Bioforce 9000 NANO Reactor System employ our proprietary, continuous flow-through, hydrodynamic NANO Technology in the form of our multi-stage NANO Series of reactors. The Green D+ Plus System is currently in commercial operation at Carolina Soya, LLC, a vegetable oil refining facility located in South Carolina. Paul E. Hankey Jr., General Manager of Carolina Soya recently stated: "The operation of the Green D+ Plus NANO Refining System has been straightforward and simple...and will continue to be a significant process improvement for our refinery." For additional information please visit: www.cavitationtechnologies.com
Undiscovered Equities is currently offering a trial subscription. For more information please call 1-800-404-8982 or visit our website at www.undiscoveredequities.com
Sincerely,
Kevin McKnight
101 Plaza Real South, Suite 212
Boca Raton, FL 33432
1-800-404-8982
www.undiscoveredequities.com
Wednesday, September 29, 2010
Tuesday, September 28, 2010
PETROMANAS ENERGY INC., MANAS PETROLEUM (MNAP.OB) BEING ITS LARGEST SHAREHOLDER, ANNOUNCES TRADING OF SECOND SERIES WARRANTS
CALGARY, ALBERTA September 27, 2010
Petromanas Energy Inc. ("Petromanas") (TSXV:PMI) is pleased to announce that effective with the opening of the market on September 28, 2010, 93,750,000 common share purchase warrants which were issued pursuant to a private placement which closed on May 27, 2010 will commence trading on the TSX Venture Exchange under the symbol PMI.WT.A. Each warrant entitles the holder to purchase one common share at a price of $0.60 per share on or before May 26, 2012.
About Petromanas Energy Inc.
Petromanas is an international oil and gas company focused on the exploration and development of its assets in Albania that possess world-class resource potential. Petromanas, through its wholly-owned subsidiary, holds three Production Sharing Contracts ("PSCs") with the Albanian government. Under the terms of the PSCs, Petromanas has a 100% working interest in six onshore blocks (Blocks A, B, D, E, 2 and 3) that comprise more than 1.7 million acres across Albania's Berati thrust belt.
About Manas Petroleum Inc.
DWM, a wholly owned subsidiary of Manas Petroleum now has ownership and control over 200,000,000 common shares of Petromanas and the right to acquire a further 50,000,000 common shares of Petromanas. The 200,000,000 common shares represent 32.36% of the issued and outstanding common shares of Petromanas. Assuming DWM acquired the additional 50,000,000 common shares it would hold 250,000,000 common shares representing 37.42% of the partially diluted issued and outstanding shares of Petromanas.
Undiscovered Equities is currently offering a trial subscription. For more information please call 1-800-404-8982 or visit our website at www.undiscoveredequities.com
Petromanas Energy Inc. ("Petromanas") (TSXV:PMI) is pleased to announce that effective with the opening of the market on September 28, 2010, 93,750,000 common share purchase warrants which were issued pursuant to a private placement which closed on May 27, 2010 will commence trading on the TSX Venture Exchange under the symbol PMI.WT.A. Each warrant entitles the holder to purchase one common share at a price of $0.60 per share on or before May 26, 2012.
About Petromanas Energy Inc.
Petromanas is an international oil and gas company focused on the exploration and development of its assets in Albania that possess world-class resource potential. Petromanas, through its wholly-owned subsidiary, holds three Production Sharing Contracts ("PSCs") with the Albanian government. Under the terms of the PSCs, Petromanas has a 100% working interest in six onshore blocks (Blocks A, B, D, E, 2 and 3) that comprise more than 1.7 million acres across Albania's Berati thrust belt.
About Manas Petroleum Inc.
DWM, a wholly owned subsidiary of Manas Petroleum now has ownership and control over 200,000,000 common shares of Petromanas and the right to acquire a further 50,000,000 common shares of Petromanas. The 200,000,000 common shares represent 32.36% of the issued and outstanding common shares of Petromanas. Assuming DWM acquired the additional 50,000,000 common shares it would hold 250,000,000 common shares representing 37.42% of the partially diluted issued and outstanding shares of Petromanas.
Undiscovered Equities is currently offering a trial subscription. For more information please call 1-800-404-8982 or visit our website at www.undiscoveredequities.com
PETROMANAS ENERGY INC., MANAS PETROLEUM (MNAP.OB) BEING ITS LARGEST SHAREHOLDER, ANNOUNCES TRADING OF SECOND SERIES WARRANTS
CALGARY, ALBERTA September 27, 2010
Petromanas Energy Inc. ("Petromanas") (TSXV:PMI) is pleased to announce that effective with the opening of the market on September 28, 2010, 93,750,000 common share purchase warrants which were issued pursuant to a private placement which closed on May 27, 2010 will commence trading on the TSX Venture Exchange under the symbol PMI.WT.A. Each warrant entitles the holder to purchase one common share at a price of $0.60 per share on or before May 26, 2012.
About Petromanas Energy Inc.
Petromanas is an international oil and gas company focused on the exploration and development of its assets in Albania that possess world-class resource potential. Petromanas, through its wholly-owned subsidiary, holds three Production Sharing Contracts ("PSCs") with the Albanian government. Under the terms of the PSCs, Petromanas has a 100% working interest in six onshore blocks (Blocks A, B, D, E, 2 and 3) that comprise more than 1.7 million acres across Albania's Berati thrust belt.
About Manas Petroleum Inc.
DWM, a wholly owned subsidiary of Manas Petroleum now has ownership and control over 200,000,000 common shares of Petromanas and the right to acquire a further 50,000,000 common shares of Petromanas. The 200,000,000 common shares represent 32.36% of the issued and outstanding common shares of Petromanas. Assuming DWM acquired the additional 50,000,000 common shares it would hold 250,000,000 common shares representing 37.42% of the partially diluted issued and outstanding shares of Petromanas.
Undiscovered Equities is currently offering a trial subscription. For more information please call 1-800-404-8982 or visit our website at www.undiscoveredequities.com
Petromanas Energy Inc. ("Petromanas") (TSXV:PMI) is pleased to announce that effective with the opening of the market on September 28, 2010, 93,750,000 common share purchase warrants which were issued pursuant to a private placement which closed on May 27, 2010 will commence trading on the TSX Venture Exchange under the symbol PMI.WT.A. Each warrant entitles the holder to purchase one common share at a price of $0.60 per share on or before May 26, 2012.
About Petromanas Energy Inc.
Petromanas is an international oil and gas company focused on the exploration and development of its assets in Albania that possess world-class resource potential. Petromanas, through its wholly-owned subsidiary, holds three Production Sharing Contracts ("PSCs") with the Albanian government. Under the terms of the PSCs, Petromanas has a 100% working interest in six onshore blocks (Blocks A, B, D, E, 2 and 3) that comprise more than 1.7 million acres across Albania's Berati thrust belt.
About Manas Petroleum Inc.
DWM, a wholly owned subsidiary of Manas Petroleum now has ownership and control over 200,000,000 common shares of Petromanas and the right to acquire a further 50,000,000 common shares of Petromanas. The 200,000,000 common shares represent 32.36% of the issued and outstanding common shares of Petromanas. Assuming DWM acquired the additional 50,000,000 common shares it would hold 250,000,000 common shares representing 37.42% of the partially diluted issued and outstanding shares of Petromanas.
Undiscovered Equities is currently offering a trial subscription. For more information please call 1-800-404-8982 or visit our website at www.undiscoveredequities.com
Monday, September 27, 2010
Santa Fe Gold to Acquire Columbus Silver
ALBUQUERQUE, N.M.--Santa Fe Gold Corporation (OTCBB: SFEG - News) is pleased to announce that it has entered into a non-binding Memorandum of Understanding with Columbus Silver Corporation (TSXV: CSC) pursuant to which Santa Fe will acquire all of the outstanding shares of common stock of Columbus Silver in exchange for shares of Santa Fe common stock. The contemplated exchange ratio is one share of Santa Fe common stock for every 5.82515 shares of Columbus Silver’s common stock. It is contemplated that Santa Fe will issue a total of 8,787,527 shares in the transaction, which is valued at approximately $9.93 million. Following completion of the transaction, it is estimated that Santa Fe will be owned 91.37% by current Santa Fe shareholders and 8.63% by Columbus Silver shareholders. The combination with Columbus Silver is a notable step forward in Santa Fe’s objective to become a significant North American precious metals producer.
Santa Fe’s President and CEO, Pierce Carson, said, “This transaction is strategically important to Santa Fe and potentially will more than double our controlled gold and silver resources available for processing at our fully-permitted and operating flotation mill near Lordsburg, New Mexico. This will build on current silver and gold production sourced from our Summit mine.
“Furthermore, Columbus Silver’s portfolio of seven high quality US silver-gold properties in New Mexico, Arizona, Nevada and Utah provides excellent upside exploration potential. Two properties, the Mogollon Project, Catron County, NM, and the Silver District, La Paz County, AZ, already have historical drilled resources aggregating over 30 million of silver equivalent ounces (500,000 of gold equivalent ounces). On the basis of the drilled resources in these two projects alone, Santa Fe’s acquisition cost for the transaction with Columbus Silver equates to less than $0.33 per contained silver equivalent ounce ($20 per gold equivalent ounce).”
Carson continued, “Ore developed at the Mogollon Project located in southwest New Mexico could be processed at Santa Fe’s mill near Lordsburg, NM. Drilling in the 1980's beneath the old Consolidated Mine outlined a partially delineated deposit of 845,000 tons averaging 9.35 oz/ton silver and 0.15 oz/ton gold and the deposit is open along strike and at depth. A proposed drilling program was recently permitted. The Mogollon Project covers an extensive, silver-gold bearing epithermal vein field with geological similarities to Comstock Lode, Nevada and Guanajuato District, Mexico. Historical production from the Mogollon Project from 1905 to 1942 is reported as 15,700,000 ounces of silver and 327,000 ounces of gold. We believe that considerable additional resource expansion is provided by dozens of mineralized and potentially mineralized veins with a combined strike length of more than 45 miles, which have never been drill-tested. We estimate initial potential for 60 million silver equivalent ounces (1 million gold equivalent ounces). ”
Robert F. Giustra, President and CEO of Columbus Silver, commented, “This is an exciting time for the shareholders of Columbus Silver and of Santa Fe. The successful completion of the merger will position the combined company to deliver both near and long-term value to its shareholders through existing production growth as well as significant development and exploration upside from a diverse portfolio of precious metal properties.”
The Memorandum of Understanding contemplates a business combination by way of a Plan of Arrangement, which is subject to Canadian court approval. In addition, the proposed transactions are subject to the final approval of the boards of directors of Santa Fe and Columbus Silver, stock exchange and regulatory approvals, and Columbus Silver shareholder approval.
Additional Information
The Memorandum of Understanding is included as an Exhibit to Santa Fe’s Current Report on Form 8-K, which it will file promptly with the SEC. Santa Fe’s Current Report on Form 8-K will be available at the website maintained by the SEC at www.sec.gov.
About Santa Fe Gold:
Santa Fe Gold is a U.S.-based mining and exploration enterprise focused on acquiring and developing gold, silver, copper and industrial mineral properties. Santa Fe controls: (i) the Summit mine and Lordsburg mill in southwestern New Mexico; (ii) a substantial land position at the Lordsburg mill, comprising the core of the Lordsburg Mining District; (iii) the Ortiz gold property in north-central New Mexico, estimated to contain two million ounces of gold; (iv) the Black Canyon mica mine and processing facility near Phoenix, Arizona; and (v) a large resource of micaceous iron oxide (MIO) in western Arizona. Santa Fe Gold intends to build a portfolio of high-quality, diversified mineral assets with an emphasis on precious metals.
To learn more about Santa Fe Gold, visit www.santafegoldcorp.com.
To learn more about Columbus Silver, visit www.columbussilvercorp.com.
Undiscovered Equities is currently offering a trial subscription. For more information please call 1-800-404-8982 or visit our website at www.undiscoveredequities.com
Sincerely,
Kevin McKnight
101 Plaza Real South, Suite 212
Boca Raton, FL 33432
1-800-404-8982
www.undiscoveredequities.com
Santa Fe’s President and CEO, Pierce Carson, said, “This transaction is strategically important to Santa Fe and potentially will more than double our controlled gold and silver resources available for processing at our fully-permitted and operating flotation mill near Lordsburg, New Mexico. This will build on current silver and gold production sourced from our Summit mine.
“Furthermore, Columbus Silver’s portfolio of seven high quality US silver-gold properties in New Mexico, Arizona, Nevada and Utah provides excellent upside exploration potential. Two properties, the Mogollon Project, Catron County, NM, and the Silver District, La Paz County, AZ, already have historical drilled resources aggregating over 30 million of silver equivalent ounces (500,000 of gold equivalent ounces). On the basis of the drilled resources in these two projects alone, Santa Fe’s acquisition cost for the transaction with Columbus Silver equates to less than $0.33 per contained silver equivalent ounce ($20 per gold equivalent ounce).”
Carson continued, “Ore developed at the Mogollon Project located in southwest New Mexico could be processed at Santa Fe’s mill near Lordsburg, NM. Drilling in the 1980's beneath the old Consolidated Mine outlined a partially delineated deposit of 845,000 tons averaging 9.35 oz/ton silver and 0.15 oz/ton gold and the deposit is open along strike and at depth. A proposed drilling program was recently permitted. The Mogollon Project covers an extensive, silver-gold bearing epithermal vein field with geological similarities to Comstock Lode, Nevada and Guanajuato District, Mexico. Historical production from the Mogollon Project from 1905 to 1942 is reported as 15,700,000 ounces of silver and 327,000 ounces of gold. We believe that considerable additional resource expansion is provided by dozens of mineralized and potentially mineralized veins with a combined strike length of more than 45 miles, which have never been drill-tested. We estimate initial potential for 60 million silver equivalent ounces (1 million gold equivalent ounces). ”
Robert F. Giustra, President and CEO of Columbus Silver, commented, “This is an exciting time for the shareholders of Columbus Silver and of Santa Fe. The successful completion of the merger will position the combined company to deliver both near and long-term value to its shareholders through existing production growth as well as significant development and exploration upside from a diverse portfolio of precious metal properties.”
The Memorandum of Understanding contemplates a business combination by way of a Plan of Arrangement, which is subject to Canadian court approval. In addition, the proposed transactions are subject to the final approval of the boards of directors of Santa Fe and Columbus Silver, stock exchange and regulatory approvals, and Columbus Silver shareholder approval.
Additional Information
The Memorandum of Understanding is included as an Exhibit to Santa Fe’s Current Report on Form 8-K, which it will file promptly with the SEC. Santa Fe’s Current Report on Form 8-K will be available at the website maintained by the SEC at www.sec.gov.
About Santa Fe Gold:
Santa Fe Gold is a U.S.-based mining and exploration enterprise focused on acquiring and developing gold, silver, copper and industrial mineral properties. Santa Fe controls: (i) the Summit mine and Lordsburg mill in southwestern New Mexico; (ii) a substantial land position at the Lordsburg mill, comprising the core of the Lordsburg Mining District; (iii) the Ortiz gold property in north-central New Mexico, estimated to contain two million ounces of gold; (iv) the Black Canyon mica mine and processing facility near Phoenix, Arizona; and (v) a large resource of micaceous iron oxide (MIO) in western Arizona. Santa Fe Gold intends to build a portfolio of high-quality, diversified mineral assets with an emphasis on precious metals.
To learn more about Santa Fe Gold, visit www.santafegoldcorp.com.
To learn more about Columbus Silver, visit www.columbussilvercorp.com.
Undiscovered Equities is currently offering a trial subscription. For more information please call 1-800-404-8982 or visit our website at www.undiscoveredequities.com
Sincerely,
Kevin McKnight
101 Plaza Real South, Suite 212
Boca Raton, FL 33432
1-800-404-8982
www.undiscoveredequities.com
Tuesday, September 14, 2010
PETROMANAS ENERGY INC., MANAS PETROLEUM (MNAP.OB) BEING ITS LARGEST SHAREHOLDER, ANNOUNCES UPDATED CORPORATE PRESENTATION AND PETERS & CO. 2010 NORTH
CALGARY, ALBERTA - September 13, 2010
Petromanas Energy Inc. ("Petromanas") (TSXV:PMI) announces that a corporate presentation providing an update on its 2010/2011 business plan is now available on its website at www.petromanas.com.
In addition, management of Petromanas will be presenting at the Peters & Co. 2010 North American Oil & Gas Conference in Toronto, Ontario on Thursday, September 16, 2010.
About Petromanas Energy Inc.
Petromanas is an international oil and gas company focused on the exploration and development of its assets in Albania that possess world-class resource potential. Petromanas, through its wholly-owned subsidiary, holds three Production Sharing Contracts ("PSCs") with the Albanian government. Under the terms of the PSCs, Petromanas has a 100% working interest in six onshore blocks (Blocks A, B, D, E, 2 and 3) that comprise more than 1.7 million acres across Albania's Berati thrust belt.
To view our newsletter on a complimentary trial basis and take advantage of our other services go to www.undiscoveredequities.com and join our email list on our home page.
Sincerely,
Kevin McKnight
1-800-404-8982
Undiscovered Equities, Inc.
101 Plaza Real, Suite 212
Boca Raton, FL 33432
www.undiscoveredequities.com
Petromanas Energy Inc. ("Petromanas") (TSXV:PMI) announces that a corporate presentation providing an update on its 2010/2011 business plan is now available on its website at www.petromanas.com.
In addition, management of Petromanas will be presenting at the Peters & Co. 2010 North American Oil & Gas Conference in Toronto, Ontario on Thursday, September 16, 2010.
About Petromanas Energy Inc.
Petromanas is an international oil and gas company focused on the exploration and development of its assets in Albania that possess world-class resource potential. Petromanas, through its wholly-owned subsidiary, holds three Production Sharing Contracts ("PSCs") with the Albanian government. Under the terms of the PSCs, Petromanas has a 100% working interest in six onshore blocks (Blocks A, B, D, E, 2 and 3) that comprise more than 1.7 million acres across Albania's Berati thrust belt.
To view our newsletter on a complimentary trial basis and take advantage of our other services go to www.undiscoveredequities.com and join our email list on our home page.
Sincerely,
Kevin McKnight
1-800-404-8982
Undiscovered Equities, Inc.
101 Plaza Real, Suite 212
Boca Raton, FL 33432
www.undiscoveredequities.com
Monday, September 13, 2010
Santa Fe Gold Sells First Gold-Silver Concentrate to European Smelter
ALBUQUERQUE, N.M., Sep 13, 2010 -- Santa Fe Gold Corporation (OTCBB: SFEG) is pleased to announce that it has begun shipments to Aurubis AG, Europe's largest copper and precious metals smelter with an initial shipment of 20 tons of precious metals concentrate. At current metal prices, this shipment of gold and silver concentrate is valued at approximately $425,000. The company's Lordsburg flotation mill is in production and producing precious metals concentrate from its Summit mine located in southwest New Mexico.
"We are pleased to have reached a very favourable agreement with Aurubis AG on sales of concentrate," said Pierce Carson, President and Chief Executive Officer. "We expect to shortly follow this initial shipment with sales and shipments of stockpiled concentrate, which will then be followed by on-going regular shipments of production concentrates from the Summit mine.
"We've recently announced sales of siliceous flux to two Arizona smelters. The establishment of sales of both concentrate and flux provides Santa Fe with multiple outlets for its products. Multiple outlets provide marketing flexibility and support for our long term strategy of building Santa Fe's production profile in the Lordsburg area."
The Summit mine is expected to reach full production during the first half of 2011 with estimated annual revenues of approximately $35 million based on recent gold and silver prices. Operating costs are projected to be less than $350 per ounce of gold equivalent produced.
Aurubis AG, formerly Norddeutsche Affinerie AG, is a German company engaged in the production of primary copper and precious metals, the recycling of secondary raw materials and the processing of copper into final products.
About Santa Fe Gold:
Santa Fe Gold is a U.S.-based mining and exploration enterprise focused on acquiring and developing gold, silver, copper and industrial mineral properties. Santa Fe controls: (i) the Summit mine and Lordsburg mill in southwestern New Mexico; (ii) a substantial land position at the Lordsburg mill, comprising the core of the Lordsburg Mining District; (iii) the Ortiz gold property in north-central New Mexico, estimated to contain two million ounces of gold; (iv) the Black Canyon mica mine and processing facility near Phoenix, Arizona; and (v) a large resource of micaceous iron oxide (MIO) in western Arizona. Santa Fe Gold intends to build a portfolio of high-quality, diversified mineral assets with an emphasis on precious metals.
To learn more about Santa Fe Gold, visit www.santafegoldcorp.com.
Undiscovered Equities is currently offering a complimentary trial subscription.
To view our newsletter on a complimentary trial basis and take advantage of our other services go to www.undiscoveredequities.com and join our email list on our home page.
"We are pleased to have reached a very favourable agreement with Aurubis AG on sales of concentrate," said Pierce Carson, President and Chief Executive Officer. "We expect to shortly follow this initial shipment with sales and shipments of stockpiled concentrate, which will then be followed by on-going regular shipments of production concentrates from the Summit mine.
"We've recently announced sales of siliceous flux to two Arizona smelters. The establishment of sales of both concentrate and flux provides Santa Fe with multiple outlets for its products. Multiple outlets provide marketing flexibility and support for our long term strategy of building Santa Fe's production profile in the Lordsburg area."
The Summit mine is expected to reach full production during the first half of 2011 with estimated annual revenues of approximately $35 million based on recent gold and silver prices. Operating costs are projected to be less than $350 per ounce of gold equivalent produced.
Aurubis AG, formerly Norddeutsche Affinerie AG, is a German company engaged in the production of primary copper and precious metals, the recycling of secondary raw materials and the processing of copper into final products.
About Santa Fe Gold:
Santa Fe Gold is a U.S.-based mining and exploration enterprise focused on acquiring and developing gold, silver, copper and industrial mineral properties. Santa Fe controls: (i) the Summit mine and Lordsburg mill in southwestern New Mexico; (ii) a substantial land position at the Lordsburg mill, comprising the core of the Lordsburg Mining District; (iii) the Ortiz gold property in north-central New Mexico, estimated to contain two million ounces of gold; (iv) the Black Canyon mica mine and processing facility near Phoenix, Arizona; and (v) a large resource of micaceous iron oxide (MIO) in western Arizona. Santa Fe Gold intends to build a portfolio of high-quality, diversified mineral assets with an emphasis on precious metals.
To learn more about Santa Fe Gold, visit www.santafegoldcorp.com.
Undiscovered Equities is currently offering a complimentary trial subscription.
To view our newsletter on a complimentary trial basis and take advantage of our other services go to www.undiscoveredequities.com and join our email list on our home page.
Wednesday, September 8, 2010
Manas Petroleum announces that it has entered into a contract for seismic in blocks 13 and 14 in Mongolia
BAAR, SWITZERLAND, September 8th, 2010.
Manas Petroleum Corp. (“Manas”) (OTCBB: MNAP) is pleased to announce that it has entered into a contract with a seismic company to acquire 300 km of 2D seismic in for the Company’s project on blocks 13 and 14 in Mongolia. Manas has agreed to a turn‐key rate of $3,500/km, with no stand‐by fees, for an aggregate total of $1,050,000, payable according to a specific schedule. Manas is required to provide a bank guarantee over the outstanding amount, which is to be reduced according to the same schedule.
The agreement is with a Chinese data acquisition company known as DQE International, a subsidiary of CNPC Daqing Petroleum, which has been in operation since the 1970’s and has a total of 16 seismic crews, 76 drilling crews, 60 well logging crews and 10 cementing crews. This group has established a quality assurance system and all its subsidiaries have passed ISO9000 Series authentication and established HSE management systems. The group has operated various projects in the Peoples Republic of China (“PRC”). Internationally, the group has operated in Venezuela, Sudan, Indonesia, Egypt, Iran and Mongolia.
Manas owns 84% of the rights to blocks 13 and 14, 10% of which is held in trust for a Mongolian oil and gas company, subject to regulatory approval and negotiation. The two blocks cover an aggregate of over 20,000 square kilometers, or almost five million acres, of land located on Mongolia’s southern border. The production contracts provide for a five‐year exploration period (with two optional six month extensions allowed) from an effective date of April 21, 2009, and a twenty‐year exploitation period (with two five year extensions allowed). The remaining 16% interest in blocks 13 and 14 is held by two investor groups.
About Manas Petroleum Corp.
Manas Petroleum is an international oil and gas company with primary focus on exploration and development in South‐Eastern Europe, Central Asia and Mongolia. In Albania, Manas participates in a 1.7 million acre exploration project through its equity interest in Petromanas Energy Inc., a Canadian public company. In Kyrgyzstan, Manas has signed a US $54 million farm‐out agreement with Santos International Holdings Pty Ltd., a subsidiary of Australia’s third largest oil and gas company. In addition to the development of its Kyrgyzstan project, Santos is developing the company's neighboring Tajikistan license under an option farm out agreement.
Undiscovered Equities is currently offering a trial subscription. For more information please call 1-800-404-8982 or visit our website at www.undiscoveredequities.com
Sincerely,
Kevin McKnight
101 Plaza Real South, Suite 212
Boca Raton, FL 33432
1-800-404-8982
www.undiscoveredequities.com
Manas Petroleum Corp. (“Manas”) (OTCBB: MNAP) is pleased to announce that it has entered into a contract with a seismic company to acquire 300 km of 2D seismic in for the Company’s project on blocks 13 and 14 in Mongolia. Manas has agreed to a turn‐key rate of $3,500/km, with no stand‐by fees, for an aggregate total of $1,050,000, payable according to a specific schedule. Manas is required to provide a bank guarantee over the outstanding amount, which is to be reduced according to the same schedule.
The agreement is with a Chinese data acquisition company known as DQE International, a subsidiary of CNPC Daqing Petroleum, which has been in operation since the 1970’s and has a total of 16 seismic crews, 76 drilling crews, 60 well logging crews and 10 cementing crews. This group has established a quality assurance system and all its subsidiaries have passed ISO9000 Series authentication and established HSE management systems. The group has operated various projects in the Peoples Republic of China (“PRC”). Internationally, the group has operated in Venezuela, Sudan, Indonesia, Egypt, Iran and Mongolia.
Manas owns 84% of the rights to blocks 13 and 14, 10% of which is held in trust for a Mongolian oil and gas company, subject to regulatory approval and negotiation. The two blocks cover an aggregate of over 20,000 square kilometers, or almost five million acres, of land located on Mongolia’s southern border. The production contracts provide for a five‐year exploration period (with two optional six month extensions allowed) from an effective date of April 21, 2009, and a twenty‐year exploitation period (with two five year extensions allowed). The remaining 16% interest in blocks 13 and 14 is held by two investor groups.
About Manas Petroleum Corp.
Manas Petroleum is an international oil and gas company with primary focus on exploration and development in South‐Eastern Europe, Central Asia and Mongolia. In Albania, Manas participates in a 1.7 million acre exploration project through its equity interest in Petromanas Energy Inc., a Canadian public company. In Kyrgyzstan, Manas has signed a US $54 million farm‐out agreement with Santos International Holdings Pty Ltd., a subsidiary of Australia’s third largest oil and gas company. In addition to the development of its Kyrgyzstan project, Santos is developing the company's neighboring Tajikistan license under an option farm out agreement.
Undiscovered Equities is currently offering a trial subscription. For more information please call 1-800-404-8982 or visit our website at www.undiscoveredequities.com
Sincerely,
Kevin McKnight
101 Plaza Real South, Suite 212
Boca Raton, FL 33432
1-800-404-8982
www.undiscoveredequities.com
Wednesday, September 1, 2010
Manas Petroleum Announces Petromanas Energy Inc. Results of AGM and Geophysical & Geological Resource Assessment Update
BAAR, SWITZERLAND, Aug 30, 2010 - Manas Petroleum Corporation (OTCBB: MNAP) ("Manas" or the "Company") is pleased to announce that Petromanas Energy Inc. ("Petromanas") has held their Annual General Meeting on August 24, 2010 in Calgary, Canada. Manas, through its subsidiary DWM Petroleum AG as previously announced, owns approximately 32.36% of the issued and outstanding shares of Petromanas.
Petromanas Energy Inc. ("Petromanas") recently announced that at their Annual General Meeting the management slate of Verne Johnson, Jeffrey Scott, Gerard Protti, Michael Velletta, Peter-Mark Vogel, Heinz Scholz and Gordon Keep were elected as directors.BDO Canada LLP, Chartered Accountants, were appointed as auditors of Petromanas. Their Shareholders also re-approved Petromanas' rolling 10% stock option plan.
Petromanas has granted Mr. Keep options to purchase an aggregate of 1,750,000 shares at an exercise price of $0.40 per share expiring August 24, 2020.
The financial statements of Petromanas for the six months ended June 30, 2010 have been filed on SEDAR and are available by clicking on Petromanas profile at www.sedar.com.
Petromanas continues on schedule with exploration analysis and work directed towards commencing drilling operations in 2011.Seismic acquisition is underway, geophysical and geological analysis ("G&G") is advancing, drill planning has begun, and the new executive team of Glenn McNamara, CEO, Bill Cummins, CFO, and Hamid Mozayani, COO, all world class industry executives with extensive oil and gas experience, has been recruited
The planned seismic program will shoot 245 km of 2D seismic at a cost of $15 million on Blocks E, 2 and 3 and is expected to be completed by early 4th quarter of 2010.Interpretation will be undertaken through year end to incorporate this new data with the previous seismic data and the other geological data which Petromanas acquired with the block licenses.
Exploration analysis is proceeding, led by Petromanas international experts headed by Mark Cooper, Senior Exploration Advisor and the team in Albania.The focus of the G&G work is to precisely define drilling prospects and prepare the exploration risk assessment of each prospect.This will refine the resource estimates from the unrisked estimates in the report by Gustavson Associates LLC ("Gustavson") to risked prospect resource estimates on which drilling decisions can be made and which will also be the basis of Petromanas' future farmout strategy.
In conjunction with the G&G work, Petromanas is re-evaluating the unrisked resource assessment which was prepared on December 15, 2009 by Gustavson on the basis of the seismic, geology and limited well data which was available at the time.In the normal course of the current G&G work, the risked resource potential will also be evaluated and, as a result of incorporating risk assessments and new data, will be lower than the unrisked resource potential numbers which were presented in the Gustavson report.It is anticipated that the G&G analysis will be concluded through year end as the new seismic data becomes available; the risked resource estimates cannot be finalized until all of this work is completed.It is anticipated that an updated independent resource evaluation report will be prepared at that time.Further updates to resource estimates are expected to be prepared as Petromanas acquires new data from seismic programs and drilling operations.
The geological work which has been conducted by the Petromanas team to date has further confirmed the significant potential of the Petromanas acreage and the exploration prospectivity of both the shallow and deep prospects.Once Petromanas has the necessary data, it is anticipated that some of the deep target plays will be farmed out to industry partners.
Petromanas remains on schedule for the planned completion of the seismic program in 2010 leading to a drilling campaign in 2011.Petromanas is confident the new management team is well qualified to advance the exploration activities of the six blocks in Albania.
About Manas Petroleum Corp.
Manas Petroleum is an international oil and gas company with primary focus on exploration and development in South-Eastern Europe, Central Asia and Mongolia. In Albania, Manas participates in a 1.7 million acre exploration project through its equity interest in Petromanas Energy Inc., a Canadian public company.In Kyrgyzstan, Manas has signed a US $54 million farm-out agreement with Santos International Holdings Pty Ltd., a subsidiary of Australia's third largest oil and gas company.In addition to the development of its Kyrgyzstan project, Santos is developing the company's neighboring Tajikistan license under an option farm out agreement.Manas is also developing its Mongolian project, where it has begun a major 2D-seismic program; this project is located adjacent to one of China's (Sinopec) largest producing oilfields.
Undiscovered Equities is currently offering a trial subscription. For more information please call 1-800-404-8982 or visit our website at www.undiscoveredequities.com
Sincerely,
Kevin McKnight
101 Plaza Real South, Suite 212
Boca Raton, FL 33432
1-800-404-8982
www.undiscoveredequities.com
Petromanas Energy Inc. ("Petromanas") recently announced that at their Annual General Meeting the management slate of Verne Johnson, Jeffrey Scott, Gerard Protti, Michael Velletta, Peter-Mark Vogel, Heinz Scholz and Gordon Keep were elected as directors.BDO Canada LLP, Chartered Accountants, were appointed as auditors of Petromanas. Their Shareholders also re-approved Petromanas' rolling 10% stock option plan.
Petromanas has granted Mr. Keep options to purchase an aggregate of 1,750,000 shares at an exercise price of $0.40 per share expiring August 24, 2020.
The financial statements of Petromanas for the six months ended June 30, 2010 have been filed on SEDAR and are available by clicking on Petromanas profile at www.sedar.com.
Petromanas continues on schedule with exploration analysis and work directed towards commencing drilling operations in 2011.Seismic acquisition is underway, geophysical and geological analysis ("G&G") is advancing, drill planning has begun, and the new executive team of Glenn McNamara, CEO, Bill Cummins, CFO, and Hamid Mozayani, COO, all world class industry executives with extensive oil and gas experience, has been recruited
The planned seismic program will shoot 245 km of 2D seismic at a cost of $15 million on Blocks E, 2 and 3 and is expected to be completed by early 4th quarter of 2010.Interpretation will be undertaken through year end to incorporate this new data with the previous seismic data and the other geological data which Petromanas acquired with the block licenses.
Exploration analysis is proceeding, led by Petromanas international experts headed by Mark Cooper, Senior Exploration Advisor and the team in Albania.The focus of the G&G work is to precisely define drilling prospects and prepare the exploration risk assessment of each prospect.This will refine the resource estimates from the unrisked estimates in the report by Gustavson Associates LLC ("Gustavson") to risked prospect resource estimates on which drilling decisions can be made and which will also be the basis of Petromanas' future farmout strategy.
In conjunction with the G&G work, Petromanas is re-evaluating the unrisked resource assessment which was prepared on December 15, 2009 by Gustavson on the basis of the seismic, geology and limited well data which was available at the time.In the normal course of the current G&G work, the risked resource potential will also be evaluated and, as a result of incorporating risk assessments and new data, will be lower than the unrisked resource potential numbers which were presented in the Gustavson report.It is anticipated that the G&G analysis will be concluded through year end as the new seismic data becomes available; the risked resource estimates cannot be finalized until all of this work is completed.It is anticipated that an updated independent resource evaluation report will be prepared at that time.Further updates to resource estimates are expected to be prepared as Petromanas acquires new data from seismic programs and drilling operations.
The geological work which has been conducted by the Petromanas team to date has further confirmed the significant potential of the Petromanas acreage and the exploration prospectivity of both the shallow and deep prospects.Once Petromanas has the necessary data, it is anticipated that some of the deep target plays will be farmed out to industry partners.
Petromanas remains on schedule for the planned completion of the seismic program in 2010 leading to a drilling campaign in 2011.Petromanas is confident the new management team is well qualified to advance the exploration activities of the six blocks in Albania.
About Manas Petroleum Corp.
Manas Petroleum is an international oil and gas company with primary focus on exploration and development in South-Eastern Europe, Central Asia and Mongolia. In Albania, Manas participates in a 1.7 million acre exploration project through its equity interest in Petromanas Energy Inc., a Canadian public company.In Kyrgyzstan, Manas has signed a US $54 million farm-out agreement with Santos International Holdings Pty Ltd., a subsidiary of Australia's third largest oil and gas company.In addition to the development of its Kyrgyzstan project, Santos is developing the company's neighboring Tajikistan license under an option farm out agreement.Manas is also developing its Mongolian project, where it has begun a major 2D-seismic program; this project is located adjacent to one of China's (Sinopec) largest producing oilfields.
Undiscovered Equities is currently offering a trial subscription. For more information please call 1-800-404-8982 or visit our website at www.undiscoveredequities.com
Sincerely,
Kevin McKnight
101 Plaza Real South, Suite 212
Boca Raton, FL 33432
1-800-404-8982
www.undiscoveredequities.com
Santa Fe Gold Supplies Additional Siliceous Flux to Arizona Smelter for Precious Metals Recovery
ALBUQUERQUE, N.M., Sep 01, 2010 -- Santa Fe Gold Corporation (OTCBB: SFEG) is pleased to announce it will supply an additional 3,000 to 6,000 tons of trial siliceous flux material to Freeport--McMoRan Miami Inc. ("FM Miami"), a wholly owned subsidiary of Freeport--McMoRan Copper & Gold Inc. Santa Fe previously provided FM Miami with 3,000 tons of similar material earlier this year. The flux material will be processed for precious metals recovery. Santa Fe will be paid for the contained silver and gold. The net will be less customary charges.
The siliceous flux constitutes ore from the Summit mine upgraded in silica and precious metals contents. FM Miami uses siliceous flux in the smelting of copper ores.
"We are hopeful that this trial will lead to a long term contract," said Pierce Carson, President and Chief Executive Officer. "Flux sales should be quite significant to Santa Fe. They may account for a substantial portion of ore mined at Summit. Last week we announced a similar trial shipment of flux material to another Arizona smelter.
"Smelter flux sales add to our options for processing of Summit ore and to our strategy of expanding our production profile in the Lordsburg area. Ore sold as smelter flux does not have to be milled. This frees additional capacity at our Lordsburg mill."
Santa Fe's Lordsburg mill is producing a high value gold and silver concentrate. The company is moving forward in negotiations with smelters for on-going sale of its concentrate. Santa Fe expects to begin shipments of concentrate shortly. The company plans to ramp up production from the Summit mine to 120,000 tons per annum over the next two quarters.
Full production revenues are projected to exceed $25 million annually based on metal prices of $1000 per ounce for gold and $16.67 per ounce for silver. Operating costs are projected to be less than $350 per ounce of gold equivalent produced.
About Santa Fe Gold:
Santa Fe Gold is a U.S.-based mining and exploration enterprise focused on acquiring and developing gold, silver, copper and industrial mineral properties. Santa Fe controls: (i) the Summit mine and Lordsburg mill in southwestern New Mexico; (ii) a substantial land position at the Lordsburg mill, comprising the core of the Lordsburg Mining District; (iii) the Ortiz gold property in north-central New Mexico, estimated to contain two million ounces of gold; (iv) the Black Canyon mica mine and processing facility near Phoenix, Arizona; and (v) a large resource of micaceous iron oxide (MIO) in western Arizona. Santa Fe Gold intends to build a portfolio of high-quality, diversified mineral assets with an emphasis on precious metals.
To learn more about Santa Fe Gold, visit www.santafegoldcorp.com.
Undiscovered Equities is currently offering a trial subscription. For more information please call 1-800-404-8982 or visit our website at www.undiscoveredequities.com
Sincerely,
Kevin McKnight
101 Plaza Real South, Suite 212
Boca Raton, FL 33432
1-800-404-8982
www.undiscoveredequities.com
The siliceous flux constitutes ore from the Summit mine upgraded in silica and precious metals contents. FM Miami uses siliceous flux in the smelting of copper ores.
"We are hopeful that this trial will lead to a long term contract," said Pierce Carson, President and Chief Executive Officer. "Flux sales should be quite significant to Santa Fe. They may account for a substantial portion of ore mined at Summit. Last week we announced a similar trial shipment of flux material to another Arizona smelter.
"Smelter flux sales add to our options for processing of Summit ore and to our strategy of expanding our production profile in the Lordsburg area. Ore sold as smelter flux does not have to be milled. This frees additional capacity at our Lordsburg mill."
Santa Fe's Lordsburg mill is producing a high value gold and silver concentrate. The company is moving forward in negotiations with smelters for on-going sale of its concentrate. Santa Fe expects to begin shipments of concentrate shortly. The company plans to ramp up production from the Summit mine to 120,000 tons per annum over the next two quarters.
Full production revenues are projected to exceed $25 million annually based on metal prices of $1000 per ounce for gold and $16.67 per ounce for silver. Operating costs are projected to be less than $350 per ounce of gold equivalent produced.
About Santa Fe Gold:
Santa Fe Gold is a U.S.-based mining and exploration enterprise focused on acquiring and developing gold, silver, copper and industrial mineral properties. Santa Fe controls: (i) the Summit mine and Lordsburg mill in southwestern New Mexico; (ii) a substantial land position at the Lordsburg mill, comprising the core of the Lordsburg Mining District; (iii) the Ortiz gold property in north-central New Mexico, estimated to contain two million ounces of gold; (iv) the Black Canyon mica mine and processing facility near Phoenix, Arizona; and (v) a large resource of micaceous iron oxide (MIO) in western Arizona. Santa Fe Gold intends to build a portfolio of high-quality, diversified mineral assets with an emphasis on precious metals.
To learn more about Santa Fe Gold, visit www.santafegoldcorp.com.
Undiscovered Equities is currently offering a trial subscription. For more information please call 1-800-404-8982 or visit our website at www.undiscoveredequities.com
Sincerely,
Kevin McKnight
101 Plaza Real South, Suite 212
Boca Raton, FL 33432
1-800-404-8982
www.undiscoveredequities.com
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