españolAustralian Petroleum Company Invests in GuatemalaTuesday, March 5, 2013 The Australian oil company Range Resources has announced that it will participate in the drilling of an oil well in Guatemala with potential reserves of 2.3 million barrels of crude oil. The company said it intends to sink a measuring pump in order to establish the commercial potential of two zones that have already been drilled, Atzam-4, where they expect a flow between 300 and 400 barrels per day. Golden Reign Invests in Nicaraguan MineMonday, June 29, 2009 The company signed a purchase agreement with Nicoz Resources S.A. for 80% of the Mining Concession San Albino-Murra, which is in the northwest region of Nicaragua. Among the conditions of the purchase agreement, Golden Reign Resources Ltd. must invest $5 million in the property in the next four years in extraction costs. Oil exploration on Nicaraguan Caribbean coastMonday, December 29, 2008 The government will sign two concession contracts with Infinity Energy for oil and natural gas exploration and exploitation. According to the article from "Proceso Digital," the Nicaraguan vice-minister of Energy and Mining, Lorena Lanzas, pointed out that "the granting of these concessions have already been approved by the Regional Governments of the Southern and Northern Caribbean coast of Nicaragua, in accordance with the law." Norwood Resources to test oil find in NicaraguaWednesday, May 28, 2008 Nicaraguans are waiting anxiously after news that US-based Norwood Resources struck oil in San Rafael del Sur, some 50 kilometers south of Managua. Norwood said that samples taken from one of its exploratory wells are being tested in Houston and further drilling will be needed to establish the commercial viability of the project. Oil Company to Restart Operations in NicaraguaThursday, July 16, 2009 Norwood Resources plans to restart oil exploration activities at the Indoklanicsa concession. The company would finance the drilling program, as well as the purchase of specialized equipment, by way of $5 million in secured convertible promissory notes. Study Confirms Nicaraguan Oil PotentialWednesday, December 2, 2009 The area given under concession to Infinity Resources would contain 3 structures with potential for over 3.00 billion barrels of oil. The figures are a result of a study conducted by Dutch company Fugro Data Services and Brazilian corporation "Consultoría em Geología Geofísica e Informatica de Petroleo". Guatemala: Goldcorp Sells Escobal Mine for $253 MillionWednesday, June 9, 2010 Goldcorp INC. announced today the completion of its sale of the Escobal silver deposit in Guatemala to Tahoe Resources Inc. ("Tahoe"). Pursuant to the terms of the transaction, Goldcorp received an aggregate of 43,686,667 common shares of Tahoe, representing 40% of Tahoe's issued and outstanding common shares on a fully-diluted basis and $253 million in cash. Nicaragua Approves Oil Exploration ConcessionMonday, March 16, 2009 Infinity Energy Resources Company, Inc. received government approval to explore 1.4 million acres of the Caribbean Sea coast. The CEO of Infinity Energy Resources, Stanton E. Ross, manifested in the company’s press release: "The final approval of contracts for exploration [of natural gas and oil] and development by the Ministry of Energy and Mines and the Government of Nicaragua will allow the company to proceed with exploration activities." Nicaragua: Norwood Extracts Light Crude OilFriday, December 18, 2009 At the San Bartolo field, Norwood Resources extracted light crude oil with 38.5 API gravity. In a progress report, the company detailed that they extracted 57.3 barrels of light crude oil, at a depth of approximately 1.9 km. Honduras: Razor Resources Concludes Acquisition of Clavo Rico Gold MineWednesday, March 31, 2010 The purchase includes other concessions close to the Clavo Rico mine, which is renowned for its high productivity. Razor Resources Inc, a recently formed U.S company, announced it has acquired 99% of “Compañía Minera Cerros del Sur S.A.”, an Honduran company that owns 200 hectares of gold mining concessions in Honduras, in an all stock transaction. $ 300 Million for Escobal Silver MineMonday, December 6, 2010 Following the announcement about the increase of 144% in reserve estimates at the Guatemalan mine, Tahoe Resources closed $ 303 million in stock sales. The purchase was made by a group of investors led by GMP Securities. Natural Gas Found Underground in Nicaraguan CaribbeanWednesday, April 2, 2014 Infinity Energy has confirmed that the analysis of seismic studies in the Caribbean zone where they have a concession suggest the existence of deposits of natural gas. An article in Rlp.com.ni reports that Stanton E. Ross, CEO of Infinity Energy Resources, noted that "... an analysis of recent seismic data, undertaken by the geosciences company CGG determined, through seismic mapping, 'the presence of a fifth structure below our oil and gas concessions offshore." EIA Submitted for Nicaraguan Oil ExplorationFriday, April 15, 2011 The company Infinity Energy Resources has completed its Environmental Impact Assessment (EIA) of gas and oil exploration activities in Nicaragua's Caribbean Sea. In a press release Infinity Energy Resources explained that the approval process should take up to 90 days at the end of which the work on seismic mapping of the 560,000 hectare concession area in Nicaraguan waters will begin. Honduras: Mochito Mine Increases Production by 25%Tuesday, January 26, 2010 In 2009, the zinc and lead mine Mochito, owned by Breakwater Resources, increased production by 25% when compared to 2008. The mine produced 68.552 tons of zinc and 22.110 tons of lead in 2009. 5,000 barrels of crude oil expected to be extracted in NicaraguaThursday, August 28, 2008 Norwood, a company with Canadian capital, has the concession for oil exploration on land in the west of the country. Nicaragua's Minister of Energy and Mining, Emilio Rappaccioli, explained that the Canadian company has drilled three exploration wells at a depth of almost 3,000 meters "and have found very clear and specific traces petroleum liquid and gas." |
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