Latest Core Resource Management Inc. (CRMI) Headli
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Core Resource and Casimir Capital Agree to $50 Million Raise
Marketwire - Mon Feb 24, 9:15AM CST
Core Resource Management, Inc. (OTCQB: CRMI), (www.coreresource.net), has entered into an exclusive placement agreement with Casimir Capital (www.casimircapital.com) whereby Casimir will raise up to Fifty Million Dollars ($50,000,000) for the Company. The combination of debt and equity will be used to acquire non-operating working interests in North American oil & gas production.
Core Resource to Acquire Interests From Chiltepin Resources
Marketwire - Mon Feb 03, 11:00AM CST
Core Resource Management, Inc. (OTCQB: CRMI) (www.coreresource.net), through its wholly owned subsidiary, Core-Chiltepin Holdings, Inc. has entered into an exclusive option to acquire a 50% working interest in the properties owned by Chiltepin Resources, LLC. This includes forty-two (42) producing wells averaging 110 BPD and 1,310 MCFPD, the planned reworking of 16 wells and drilling 6 new wells over the next twelve months. The Properties are all operated by Lexus Oil LLC Giddings, Texas and are located on 9,826 gross acres including 5,433 gross acres with Eagle Ford formation in Burleson, Fayette, Lee and Washington Counties in central Texas. The acquisition is expected to close within 60 days and once completed will bring the total number of wells in which Core has interests to 82.
Japanese Firm Invests K12 Million in Tobacco Farming
by Kennedy Mupseni - All Africa Global Media - Fri Jan 31, 6:54AM CST
JAPAN Tobacco International (JTI) Leaf Zambia has invested K12 million on inputs and out-grower schemes for tobacco production in this year's farming season.
Core Resource Acquires Interests From Mai Operations
Marketwire - Mon Jan 06, 8:02AM CST
Core Resource Management, Inc. (OTCQB: CRMI), (www.coreresource.net), has acquired Royalty and Overriding Royalty Interests in three (3) producing wells and 100% of the mineral rights on 160 acres all located in Kansas from Mai Operations, a Dallas-based oil & gas operating company. The Company began acquiring participating interests in producing properties during the second quarter of this year and has acquired participating Royalty and Working Interests in 40 producing wells in three States; Texas, Oklahoma and Kansas.
Core Resource Acquires Interests From Martineau Petroleum
Marketwire - Tue Dec 03, 11:08AM CST
Core Resource Management, Inc. (OTCQB: CRMI), (www.coreresource.net), has entered into an agreement to acquire Overriding Royalty Interests ("ORRI") in twenty (20) producing wells from Martineau Petroleum, a Dallas-based oil & gas operating company. The properties are all in Texas and located in three counties; Brazos, Tyler and Madison counties. The Company's CEO commented, "We are excited about this relationship with David Martineau and Martineau Petroleum. We believe Martineau to be one of the premier independents in Texas and we expect this to be the first of many transactions with them and gives Core a very experienced operator with which to team on future acquisitions."
Core Resource to Buy Interests in Mai Operating
Marketwire - Tue Apr 23, 8:05AM CDT
Core Resource Management, Inc. (PINKSHEETS: CRMI), (www.coreresource.net), has entered into an agreement to acquire overriding interests in ten (10) wells from Mai Operations, a Dallas based oil & gas operating company. The acquisition is expected to close as soon as possible.
Core Resource Announces Convertible Note Offering
Marketwire Canada - Thu Jan 31, 1:00AM CST
Core Resource Management, Inc. (PINKSHEETS: CRMI), (www.coreresource.net), announces the closing of $2,850,000 of 7% Senior Convertible Notes. The Notes carry a fixed coupon for four years and are convertible at anytime prior to maturity at $3.00 par common share.