On September 22, 2008, Mining Oil, Inc. entered into a participation agreement to acquire certain working interests held by Jurasin Oil & Gas, Inc. ("Jurasin") of Houston, Texas, and its affiliate, Rampant Lion Energy, LLC, in two prospects. These two prospects include one located in south Louisiana and another located in the offshore shallow waters of Mustang Island in Texas. This agreement provides that the parties enter into a long-term "Area of Mutual Interest (AMI)" for the next 10 years. As such, Jurasin will offer the Mining Oil the right of first refusal to acquire any interest that Jurasin has in future prospects in which Jurasin develops or acquires. read more
Source: Mining Oil, Inc.
Tuesday, October 7, 2008
Mining Oil Enters Into an AMI Participation Agreement With Jurasin Oil & Gas
Labels: Business, mining, Oil and Gas
Posted by Unknown at 2:07 AM 0 comments
Crosshair Exploration & Mining Corp.: 2008 Exploration Program Complete; Change of President
Crosshair Exploration & Mining Corp.announces that it has completed its 2008 exploration program on its Central Mineral Belt project in Labrador. The exploration camps at the Two Time Zone and the C Zone have been shut down and winterized and all personnel have returned from the field to the Company's office in St. John's. The Company is currently awaiting drill and other assay results and is compiling data from its extensive field programs in both the Northstar and Lonestar division areas. Full results from this year's program will be released in a series of news releases throughout the fall as results become available. read more
Source: Crosshair Exploration & Mining Corp.
Posted by Unknown at 1:21 AM 0 comments
DWS RREEF World Real Estate & Tactical Strategies Fund, Inc. (DRP) Declares Monthly Distribution
DWS RREEF World Real Estate & Tactical Strategies Fund, Inc. declared a distribution of $0.08 per share, payable on October 31, 2008 to shareholders of record on October 16, 2008. The ex-date is October 14, 2008. The previous monthly distribution amount was $0.134 per share.
The current distribution rate represents a 12.00% annualized yield based on the closing market price of $8.00 on October 3, 2008 and a 9.27% annualized yield on a closing NAV of $10.36 on the same date. read more
Source: DWS RREEF World Real Estate & Tactical Strategies Fund, Inc.
Labels: Business, Capital Market, Real estate
Posted by Unknown at 12:40 AM 0 comments
Blumberg Capital Partners Completes Two-Year Real Estate Disposition Strategy
Blumberg Capital Partners, a Coral Gables, Fla.-based investment fund manager, today announced it has completed a two-year strategy to dispose of its major commercial real estate holdings nationally, raising cash to capitalize on strategic investment opportunities, amid a tightened credit environment and lower asset prices. The most recent transaction was completed last month, with the $9.3 million sale of its smallest holding, a 76,397-square-foot office building in Tampa, Fla. read more
Source: Blumberg Capital Partners
Labels: Business, Capital Market, Investment, Real estate
Posted by Unknown at 12:25 AM 0 comments