ABN Newswire

FINANCE VIDEO: Cue Energy Resources (ASX:CUE) CEO Mark Paton Presents to Sydney Capital Markets at Investorium.tv

newsroom@abnnewswire.net — Wed, 9 Nov 2011 15:49:38 GMT

FINANCE VIDEO: Cue Energy Resources (ASX:CUE) Chief Executive Officer Mark Paton presented live to the Sydney Capital Markets at Investorium.tv, regarding the company's oil and gas exploration and production within its SE Asia and Australasia petroleum assets in Papua New Guinea, Indonesia, New Zealand and Australia.

Mark Paton has 30 years experience in the upstream gas and oil industry. His credentials include working in various positions for BP in Europe and the Middle East and BHP Petroleum in Australia.

He left BHP in 1997 to co-found Upstream Petroleum, specialising in the operation of production facilities. In 2006 the company was sold to the AGR Group of Norway. Mark was Managing Director of AGR Asia Pacific based in Kuala Lumpur until 2009. He has been consulting to the oil and gas industry until joining Cue Energy Resources as CEO in February 2011.

To view the Cue Energy Presentation at Investorium.tv, please visit:
http://abnnewswire.net/lnk/58679V7I

Mark Paton
Managing Director
Cue Energy Limited
Tel: +613-9670-8668
Fax: +613-9670-8661
http://www.cuenrg.com.au

FINANCE VIDEO: Grand Gulf Energy (ASX:GGE) Executive Director Mark Freeman Presents to Sydney Capital Markets at Investorium.tv

newsroom@abnnewswire.net — Wed, 9 Nov 2011 12:08:17 GMT

FINANCE VIDEO: Grand Gulf Energy (ASX:GGE) Executive Director Mark Freeman presented to the Sydney Capital Markets at Investorium.tv, regarding the conventional oil and gas opportunities in the United States, primarily onshore Gulf of Mexico.

Mr Freeman is a Chartered Accountant and has more than 14 years' experience in corporate finance and the resources industry. He has experience in strategic planning, business development, acquisitions and mergers, gas commercialisation, and project development general management. Prior and current experience with Quest Petroleum NL, Golden Gate Petroleum Ltd, Mirabela Nickel Ltd, Exco Resources NL, Panoramic Resources Ltd and Matra Petroleum plc. In addition, Mr Freeman is a graduate of the University of Western Australia with a Bachelor of Commerce with a double major in Banking & Finance and Accounting as well as holding a Graduate Diploma in Applied Finance with a major in Investment Analysis from the Securities Institute of Australia.

To view the Grand Gulf Enery Presentation at Investorium.tv, please visit:
http://abnnewswire.net/lnk/32R681IR

Mark Freeman
Executive Director
Grand Gulf Petroleum
Tel: +618-9389-2000
Fax: +618-9389-2099
http://www.grandgulfenergy.com

Asian Activities Report for October 12, 2011: Fortescue Metals Group (ASX:FMG) Increases Total Iron Ore Resource Inventory to 11.42 Billion Tonnes

newsroom@abnnewswire.net — Wed, 12 Oct 2011 12:00:52 GMT

Fortescue Metals Group Limited (ASX:FMG) says that the total iron ore resource at the Nyidinghu ore body has exceeded 2 billion tonnes and the Company's total resource inventory has increased to 11.42 billion tonnes. The Company will continue drilling to increase the resource size and may ultimately add a further 400-500 million tonnes. It is expected that the Company may be in a position to announce Indicated Resources late in the first quarter of calendar year 2012.

Credo Resources Limited (ASX:CRQ) has entered into an agreement to acquire a 100% interest in Riverglide Investments Pty Ltd, which holds extensive interests in gold permits in Burkina Faso. These permits are all located in a proven world class gold province. The Company plans to rapidly evaluate a number of permits and targets whilst drill test the known gold workings.

Carnarvon Petroleum Limited (ASX:CVN), together with its joint venture partner Pan Orient Energy (CVE:POE), says that NSE-F6 Development Well located onshore Thailand has been successfully drilled and is currently on production at a rate of approximately 1,000 bopd gross. This is the first high rate well drilled at the NSE-F1 field and the joint venture will pursue three follow-up appraisal wells prior to year end.

Unity Mining Limited (ASX:UML) has signed an agreement to farm into the Firetower exploration project held by Greatland Gold plc (LON:GGP). The farm-in agreement will enable Unity Mining to leverage experience in Tasmanian gold exploration on a substantially increased ground position, and reinforces its strong commitment to gold exploration and production in Tasmania. Unity Mining may earn up to a 75% interest by spending A$7 million over 5.5 years.

Asia Business News
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Asian Activities Report for September 30, 2011: Neon Energy (ASX:NEN) Sixth Well Successfully Brought Onstream in North San Ardo Oil Field, California

newsroom@abnnewswire.net — Fri, 30 Sept 2011 12:00:34 GMT

Neon Energy Limited (ASX:NEN) says today that the recently drilled Lombardi 19-27H development well in the North San Ardo oil field, onshore California, has been brought onstream, with a stabilised initial production rate of approximately 250 bopd. This is the Company's sixth successful acceleration well to date. Total production at the oil field is currently in the range of 650 bopd to 700 bopd, with sales pricing at over US$100 per barrel.

India Resources Limited (ASX:IRL) has signed a A$249M coal operations contract with Prism Cement Limited (BOM:500338) to develop and operate the first phase of Prism's Sial Ghoghri coal mine in India for over 30 years. The first phase of the mine development is expected to produce 9.06 million tonnes of coal.

Guildford Coal Limited (ASX:GUF) has upgraded its Exploration Targets at its Mongolian coal projects to 30Mt to 1.380Bt, comprising Exploration Targets of 0-700Mt at the South Gobi Project and 30Mt-680Mt at the Middle Gobi Project. The Company plans to continue the current drilling program at both Projects with a view to defining JORC compliant resources by the end of October 2011.

Tissue Therapies Limited (ASX:TIS) says today that commercial negotiations are proceeding very well and the Company expects to start the sales of VitroGro(R) for the treatment of chronic wounds in the UK and Europe during the second quarter of 2012. In addition, preparations for the FDA clinical trial of VitroGro(R) for the treatment of venous ulcers are almost complete, and patient recruitment for the trial is planned to start during December 2011.

Biotron Limited (ASX:BIT) has commenced a human trial of its lead HIV drug candidate, BIT225, to further demonstrate its ability to reduce HIV loads in HIV-infected reservoir cells. BIT225 has recorded encouraging data in previous trials in healthy volunteers and Hepatitis C virus-infected patients. The results of the current trial is expected in the first quarter of 2012.

Circadian Technologies Limited (ASX:CIR) has submitted an investigational new drug application to the FDA to initiate clinical studies of VGX-100. The first trial will involve the treatment of a variety of different cancer types in patients with late stage cancer.

Asia Business News
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Asian Activities Report for August 10, 2011: Eureka Energy (ASX:EKA) Completes the First Well at Pan de Azucar Eagle Ford Shale Project in USA

newsroom@abnnewswire.net — Wed, 10 Aug 2011 12:00:35 GMT

Eureka Energy Limited (ASX:EKA) provided an update on the Black Jack Springs Unit-1H well, the first well at its Pan de Azucar Eagle Ford Shale project onshore Texas, USA. The well was drill completed and produced an average of 460 barrels of oil equivalent per day over an initial 10 day period. The Company plans to drill a second Black Jack Springs well before the end of the year.

Desert Energy Limited (ASX:DSN) reported on its second RC drilling campaign on iron ore targets at its Camel Hills Joint Venture project in Western Australia. Several thick intersections of magnetite iron were reported with best results including 60 metres at 33% Fe. In addition, a highly significant new copper/gold discovery was found at the Dalgety copper-gold tenement. The company has commenced follow-up work on these new discoveries.

Maverick Drilling and Exploration Limited (ASX:MAD) reported a potential new oil field discovery from its Santa Rosa well #43 in Texas. The well flowed initially at an average rate exceeding 60 barrels of oil per day and is the first sustained oil production from the Cap Rock formation at the Blue Ridge Salt Dome. The Company has commenced production testing for this new discovery, as it has the potential to impact the size of Maverick's reserves.

IMX Resources Limited (ASX:IXR) announced a 139% increase in the Cairn Hill Phase 2 resource, located immediately east of the Cairn Hill iron-copper-gold mine in South Australia. The combined Indicated and Inferred Mineral Resource for the area is 8.37 million tonnes at 46.7% Fe. Mine planning and optimisation studies are already underway to delineate the mineable in-pit resources, with the aim of bringing this resource into production in the first calendar quarter 2012.

TAKE Solutions (BOM:532890), an Indian-based technology solutions leader in the supply chain management and life sciences domain, has extended the partnership with QlikTech (NASDAQ:QLIK), a leader in business intelligence software solutions. This alliance, which began in 2009 in the USA, will provide advanced business intelligence and business analytics to TAKE's Indian customers.

Asia Business News
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Tokyo Tel: +81-3-6868-3802
http://www.abnnewswire.net

Asian Activities Report for August 5, 2011: Bulletin Resources (ASX:BNR) Continue to Grow High Grade Gold Discovery

newsroom@abnnewswire.net — Fri, 5 Aug 2011 12:00:00 GMT

Bulletin Resources Limited (ASX:BNR) reported additional high grade gold results from its 100%-owned Nicolson's Gold Project in northern Western Australia. Drilling continues to expand the high grade footwall lode discovery and highlight the depth potential of the pit. The new results are expected to contribute valuable ounces to the Company's upcoming resource update. The project currently has a combined open pit and underground Mineral Resource of 1 million tonnes at 5.20g/t Au.

Central Petroleum Limited (ASX:CTP) intends to drill up to three wells starting from mid-September 2011. The three planned wells are the re-entry and testing of the Surprise-1 Well in the Amadeus Basin for conventional and unconventional oil, followed by the drilling of the 4 Billion barrel Madigan oil prospect in the Pedirka Basin and the 2 TCFG Mt Kitty prospect.

ZYL Limited (ASX:ZYL) announced that drilling results have confirmed additional significant coal resources at the Kangwane Anthracite Project. The results of phase one drilling program confirmed the near surface nature of the coal present, supporting the decision to focus the Bankable Feasibility Study on the proposed open-pit operations. The second phase drilling program, targeting 3,000 meters, is expected to be completed during August 2011.

Grand Gulf Energy Limited (ASX:GGE) said today that La Posada discovery well has been logged and fully evaluated to 18,400ft. 248ft net pay has been confirmed. The well is currently drilling ahead with expectations of reaching its proposed total depth of 19,300ft within two weeks. The Company expects production to commence early next year.

India-based leading outsourcing solutions provider Hinduja Global Solutions Limited (BOM:532859) has acquired On-Line Support Inc, a Canada-based Customer Relationship Management company, at an enterprise value of C$74.85 million in an all cash deal. This acquisition presents both the companies with opportunities to cross-sell and up-sell to their existing clients. With this acquisition, Hinduja now has a presence in 42 delivery centres across the USA, India, Philippines, Canada, Mauritius and the U.K. with offerings in more than 25 different languages.

Asia Business News
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http://www.abnnewswire.net

Asian Activities Report for July 26, 2011: Metgasco Limited (ASX:MEL) Achieve Significant Early Gas Production from Coal Seam Gas Pilot Wells

newsroom@abnnewswire.net — Tue, 26 July 2011 12:00:58 GMT

Metgasco Limited (ASX:MEL) said today that gas production from the Harrier P01 coal seam gas pilot well has achieved a rate of 230,000 scfd. This early production rate exceeds the peak gas production rate from the Company's lead pilot well, Corella P11 and provides further evidence that Metgasco's improvements in coal seam gas well design and approach to well completion have resulted in improved field productivity.

MRG Metals Limited (ASX:MRQ) has secured an option to acquire a 100% interest in the highly prospective Collie South Coal project in Western Australia. The project sits within a region which has known reserves of 2.4 billion tonnes and confirmed resource in excess of 700 million tonnes. The Company is committed to a rapid exploration program, with an objective of building an open cut coal operation producing export quality products.

Havilah Resources NL (ASX:HAV) has signed non-binding agreements with two Chinese companies to advance the Maldorky iron ore project. Under the agreements, Hunan Valin Liangang Import and Export Co., Ltd and Havilah may enter into an iron ore off-take agreement, and Zoomlion Material Handling Equipment Co., Ltd may supply necessary processing and mining equipment and assist with required infrastructure development for the project.

Tap Oil Limited (ASX:TAP) said today that its Manora Oil Development in the Gulf of Thailand is expected to more than triple the Company's existing reserves toward the end of 2011 and deliver production and revenue in early 2014. At the time of the acquisition Tap estimated the Manora field to have a 24 mmbbl resource.

Doosan Heavy Industries & Construction Co Ltd (SEO:034020), one of the largest heavy industrial companies in Korea, has signed a deal to provide a nuclear reactor for the Sanmen Nuclear Power Station, located in Zhejiang province, China.

Thermax Limited (BOM:500411) and US based Amonix, Inc. announced an exclusive partnership to bring Concentrated Photo Voltaic technology for clean power generation to India. Amonix will offer high-performance solar power generation systems and Thermax will be the Engineering, Procurement and Construction partner to provide turnkey solutions to customers in India.

Asia Business News
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Asian Activities Report for June 27, 2011: Jupiter Mines (ASX:JMS) Commence Feasibility Study on Mount Ida Magnetite Project

newsroom@abnnewswire.net — Mon, 27 June 2011 00:00:57 GMT

Most Asian markets pointed lower in opening trade. The S&P/ASX 200 was down 0.99% to 4463.4. Nikkei 225 slipped 0.89% to 9,592.68. Hang Seng Index lost 1.02% to 21945.78. Only Shanghai Composite performed positively, gained 0.17% to 2750.87 in early trade.

Company News

Jupiter Mines Limited (ASX:JMS) has commenced a Feasibility Study on the Mount Ida Magnetite Project in Western Australia. Mount Ida is a key part of Jupiter's strategy to become a global supplier of raw materials to the steel industry. The strategy is already well advanced, with construction of Jupiter's 49.9% owned Tshipi Manganese Project in South Africa commenced. The Mount Ida Feasibility Study will be based on annual production of 10 million tonnes of magnetite concentrate grading +68% Fe.

Pepinnini Minerals Limited (ASX:PNN) will commence an extensive drilling program this week at the Robinson Range Project in Western Australia. The drilling program is designed to investigate potential iron ore resources at the seven tenements within the Project. Rock chip results of up to 67.3% Fe were returned from previous surface samplings with all areas sampled returning some values in excess of 60% Fe.

Encounter Resources Limited (ASX:ENR) reported high grade assay results from the BM1 prospect at the Yeneena project in Western Australia. The results included 10.1m at 6.8% copper, demonstrating the capacity to generate high grade, near surface copper mineralisation. A systematic program of RC drilling to a depth of 120m is currently in progress to further test the prospect.

Rawson Resources Limited (ASX:RAW) has been informed by the operator Kea Petroleum Plc. (LON:KEA) that the Hoadleys-1 exploration well in the Surat Basin spudded on the evening of June 25th 2011. Kea's gross median resource estimate for Hoadleys, in the event of success, at Precipice Sands level near 2000m depth, is around a million barrels of oil, with an upside potential several times larger than this.

Asia Business News
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Asian Activities Report for June 17, 2011: Centaurus Metals (ASX:CTM) Acquires New Iron Ore Project In Brazil For Export Business

newsroom@abnnewswire.net — Fri, 17 June 2011 12:00:37 GMT

Major Asian markets had a mixed opening. In early trade, the S&P/ASX 200 bounced 0.55% to 4504.1. Nikkei 225 opened higher but soon dropped 0.19% to 9,393.35. Hang Seng Index fell 0.13% to 21924.52, while Shanghai Composite lost 0.11% to 2661.45.

Companies

Centaurus Metals Limited (ASX:CTM) has acquired a portfolio of iron ore tenements in south-eastern Brazil, known as the Serra do Lontra Project, to underpin its strategy to export 1-2Mtpa of high-grade hematite to international markets by mid-2014. The company has set up an Exploration Target of 30-50 million tonnes of itabirite ore and will apply for environmental and mining approvals shortly.

L&M Energy Limited (ASX:LME) will commence drilling on Taranaki (New Zealand) drilling programme with the first well Talon-1 to be drilled on 1st July. The Talon-1 well is targeting oil reserves of 2mmbbl and will be followed by other drilling targets.

U3O8 Limited (ASX:UTO) has received a number of high grade gold and silver assays from the Saltwater Pool Joint Venture project in Western Australia. Rock chip sampling has returned up to 8.8 g/t gold and 150 g/t silver. Additional sampling is planned before the commencement of a detailed follow-up sampling and geological mapping programme.

Saracen Mineral Holdings Limited (ASX:SAR) is on track to meet its maiden full financial year production guidance of 110,000 to 120,000 ounces of gold from the Carosue Dam operations. Its gold production is expected to be 24,000-27,000oz in the June quarter and 30,000-32,000oz in the September quarter. The Company's Red October underground mining project is also developing ahead of schedule with the first ore production expected in the June quarter 2012.

Asia Business News
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Asian Activities Report for June 9, 2011: Proto Resources And Investments Limited (ASX:PRW) To Acquire Nickel Cobalt Project in Germany

newsroom@abnnewswire.net — Thu, 9 June 2011 12:00:37 GMT

The Australian sharemarket opened flat today, slightly up 15.1 points to 4551.9 in the first two hours of trading. In early trade, Nikkei 225 lost 0.29% to 9,421.59. Hang Seng Index slid 0.19% to 22619.40, while Shanghai Composite was down 0.53% to 2735.75.

Companies

Proto Resources & Investments Limited (ASX:PRW) has entered into an option to purchase a nickel cobalt development project, known as the Kiefernberg project, located in Germany. The project area contains a former nickel mine as well as several other known mineralisations. Data review of the historical drills in the area is underway and will be followed by the design of a drilling programme to define a JORC-compliant resource.

Southern Cross Goldfields Limited (ASX:SXG) reported significant intersections from the recent drilling at the Golden Orb deposit, part of its Marda Gold Project in Western Australia. The results highlighted the project's potential as an open pit and underground feed source to the Company's proposed 400,000tpa gold plant at Marda.

Entek Energy Limited's (ASX:ETE) 50%-owned VR 342 well in the Gulf of Mexico has reached a Total True Vertical Depth of 7,635 feet and encountered two oil pay zones totalled 50 feet. The well has been suspended for future production.

Adamus Resources (ASX:ADU) said today that production at the Company's Nzema Gold Project in Ghana is progressing very well and the Project is on track to achieve forecast gold production of 24,000 - 25,000 ounces, at a cash cost of US$500-$550 per ounce, for the June 2011 quarter. The Company is confident that the Project will achieve 100,000 ounces of gold in its first full 12 months of operation.

Asia Business News
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