Asian Activities Report for July 14, 2011: Aura Energy (ASX:AEE) Announce 50 Million Pounds of Initial Uranium Resource in Mauritania
Aura Energy Limited (ASX:AEE) says today that its initial JORC Inferred uranium resource at the Reguibat Project in Mauritania is estimated at 50.2 million pounds at 330ppm U3O8. 48.9 million pounds of this resource are contained in permits 100% held by Aura. Continuous higher grade zones within the resource areas have been identified, highlighting potential for substantial increase to the initial resource.
Carnarvon Petroleum Limited (ASX:CVN) provides operational updates for its oil exploration programs onshore Thailand. Two new sandstone reservoir pools have been discovered at WBEXT-1F exploration well and the WBEXT-2BST1 well is currently producing at a gross rate of approximately 1,100 BOPD. Thailand production is currently at 3,365 BOPD of which 1,346 BOPD is net to Carnarvon. Near term production additions are anticipated from the POE-6A development well.
Universal Coal plc (ASX:UNV) has upgraded its JORC-compliant coal resources to 1.2 billion tonnes at the Berenice-Cygnus Coking Coal Project following completion of the first phase drilling programme. This resource upgrade now positions Universal Coal as one of the premier coal exploration companies operating in South Africa. Universal Coal's total JORC compliant resource now stands at over 1.8 billion tonnes of coal across its coking and thermal coal assets.
Automotive Technology Group (ASX:ATJ) has appointed Kenmar Corporation as its exclusive sales representative for the original equipment manufacturer market in North and South America. The two parties will work together to formulate a sales strategy to introduce and promote the Sprintex(R) technology to the U.S. car manufacturing industry. A key selling point for Sprintex(R) superchargers is the synergy with fuel saving enabling technologies which are in high demand in the American car industry.
Universal Coal plc
Carnarvon Petroleum Limited
Aura Energy Limited