Samson Oil & Gas Limited (SSN) said that Ryder Scott Company (RSC) has estimated the company’s Proved reserves to be 1.805 MMBOE and valued at $47.7 million.
Probable reserves have been estimated by RSC to be 1.09 MMBOE and valued at $12.8 million.
Possible reserves have been estimated by RSC to be 0.80 MMBOE and valued at $7.1 million.
The valuations are based on a discount rate of 10% and utilize the SEC pricing model.
Based on this new estimate, SSN has doubled its Proved NPV10 in the 11 month period from a NPV10 of $23.612 million as at April 30th 2013, to $47.722 million after accounting for production during that 11 month period.
SSN is an Australian based oil & gas company holding extensive development and exploration acreage in the USA.
More about Samson Oil & Gas Limited (SSN) at www.samsonoilandgas.com.au
**
Crown Equity Holdings Inc. (CRWE) is currently developing its CRWE Network (CRWE-PR), a social networking service compatible with both, the mobile and desktop web platform, that is designed to target all the communities in the U.S. and Canada.
Update: The CRWE Network, which business model is based on selling advertising to local businesses, has reached the 545th community website in the U.S., associated with 2111 ZIP Codes, and includes coverage of the greater state of California, Northern and Southern Nevada, Wellington in Florida and 10 provinces in Canada
CRWE provides marketing solutions that boost customer awareness and merchant visibility on the Internet.
More about Crown Equity Holdings Inc. (CRWE) at www.crownequityholdings.com, the CRWE Network at www.CRWE-PR.com or Finance Updates at www.finance.crwe-pr.com
**
Almaden Minerals Ltd. (AAU) reported that it has entered into a number of confidentiality agreements in respect of its various projects.
AAU has assembled mineral exploration projects, including the Ixtaca Zone and the Tuligtic Project, through its grass roots exploration efforts. While the properties are largely at early stages of development they represent exciting opportunities for the discovery of significant gold, silver and copper deposits as evidenced at Ixtaca.
AAU's business model is to find and acquire mineral properties and develop them by seeking option agreements with others who can acquire an interest in a project by making payments and exploration expenditures. Through this means AAU has been able to expose its shareholders to discovery and capital gain without the funding and consequent share dilution that would be required if the company were to have developed these projects without a partner.
AAU intends to expand this business model, described by some as prospect generation, by more aggressively exploring and developing several of its projects including the Ixtaca Zone.
AAU recently announced positive results from the maiden National Instrument (NI) 43-101 compliant Preliminary Economic Assessment (PEA) on its 100% owned Ixtaca Gold-Silver deposit, Mexico. This deposit is a blind discovery made by AAU in 2010 on claims staked by the Company.
The PEA was prepared by Moose Mountain Technical Services and Knight Piésold Ltd. The conclusions and recommendations of the PEA are that the Ixtaca deposit may be economically viable and AAU should proceed to a Pre-Feasibility study.
According to AAU, the PEA highlights the significance of the Ixtaca deposit on a world scale and the projected average annual silver production could make Ixtaca one of the top 20 silver projects in the world
AAU is a well-financed mineral exploration company working in North America. It has assembled mineral exploration projects in Canada, the United States and Mexico, including the Ixtaca Zone of the Tuligtic Project, through its grass roots exploration efforts.
More about Almaden Minerals Ltd. (AAU) at www.almadenminerals.com
**
Keep a close eye on Gulf Resources, Inc. (GURE) . The company delivered a solid performance on its financial results.
For the first quarter 2014, GURE posted net revenue of $25,592,176, a 14% increase year over year, income from operations of $5,601,644, an increase of approximately 115% over the same period the prior year, and net income of $4,286,338, increased by approximately 128% compared to the first quarter 2013.
For the fiscal year 2013, GURE's net revenue increased by 16% to $118,391,783, while its net income surged approximately 40% to $20,967,357, both compared to fiscal year 2012.
According to its business outlook, GURE forecasts total revenue approximately $124.3 million, and net income to range between $22.02 million and $23.1 million in fiscal year 2014.
GURE operates through two wholly-owned subsidiaries, Shouguang City Haoyuan Chemical Company Limited and Shouguang Yuxin Chemical Industry Co., Limited. GURE believes that it is one of the largest producers of bromine in China. Elemental Bromine is used to manufacture a wide variety of compounds utilized in industry and agriculture.
More about Gulf Resources, Inc. (GURE) at www.gulfresourcesinc.com
**
Read Full Disclaimer at www.pennyomega.com/disclaimer
Probable reserves have been estimated by RSC to be 1.09 MMBOE and valued at $12.8 million.
Possible reserves have been estimated by RSC to be 0.80 MMBOE and valued at $7.1 million.
The valuations are based on a discount rate of 10% and utilize the SEC pricing model.
Based on this new estimate, SSN has doubled its Proved NPV10 in the 11 month period from a NPV10 of $23.612 million as at April 30th 2013, to $47.722 million after accounting for production during that 11 month period.
SSN is an Australian based oil & gas company holding extensive development and exploration acreage in the USA.
More about Samson Oil & Gas Limited (SSN) at www.samsonoilandgas.com.au
**
Crown Equity Holdings Inc. (CRWE) is currently developing its CRWE Network (CRWE-PR), a social networking service compatible with both, the mobile and desktop web platform, that is designed to target all the communities in the U.S. and Canada.
Update: The CRWE Network, which business model is based on selling advertising to local businesses, has reached the 545th community website in the U.S., associated with 2111 ZIP Codes, and includes coverage of the greater state of California, Northern and Southern Nevada, Wellington in Florida and 10 provinces in Canada
CRWE provides marketing solutions that boost customer awareness and merchant visibility on the Internet.
More about Crown Equity Holdings Inc. (CRWE) at www.crownequityholdings.com, the CRWE Network at www.CRWE-PR.com or Finance Updates at www.finance.crwe-pr.com
**
Almaden Minerals Ltd. (AAU) reported that it has entered into a number of confidentiality agreements in respect of its various projects.
AAU has assembled mineral exploration projects, including the Ixtaca Zone and the Tuligtic Project, through its grass roots exploration efforts. While the properties are largely at early stages of development they represent exciting opportunities for the discovery of significant gold, silver and copper deposits as evidenced at Ixtaca.
AAU's business model is to find and acquire mineral properties and develop them by seeking option agreements with others who can acquire an interest in a project by making payments and exploration expenditures. Through this means AAU has been able to expose its shareholders to discovery and capital gain without the funding and consequent share dilution that would be required if the company were to have developed these projects without a partner.
AAU intends to expand this business model, described by some as prospect generation, by more aggressively exploring and developing several of its projects including the Ixtaca Zone.
AAU recently announced positive results from the maiden National Instrument (NI) 43-101 compliant Preliminary Economic Assessment (PEA) on its 100% owned Ixtaca Gold-Silver deposit, Mexico. This deposit is a blind discovery made by AAU in 2010 on claims staked by the Company.
The PEA was prepared by Moose Mountain Technical Services and Knight Piésold Ltd. The conclusions and recommendations of the PEA are that the Ixtaca deposit may be economically viable and AAU should proceed to a Pre-Feasibility study.
According to AAU, the PEA highlights the significance of the Ixtaca deposit on a world scale and the projected average annual silver production could make Ixtaca one of the top 20 silver projects in the world
AAU is a well-financed mineral exploration company working in North America. It has assembled mineral exploration projects in Canada, the United States and Mexico, including the Ixtaca Zone of the Tuligtic Project, through its grass roots exploration efforts.
More about Almaden Minerals Ltd. (AAU) at www.almadenminerals.com
**
Keep a close eye on Gulf Resources, Inc. (GURE) . The company delivered a solid performance on its financial results.
For the first quarter 2014, GURE posted net revenue of $25,592,176, a 14% increase year over year, income from operations of $5,601,644, an increase of approximately 115% over the same period the prior year, and net income of $4,286,338, increased by approximately 128% compared to the first quarter 2013.
For the fiscal year 2013, GURE's net revenue increased by 16% to $118,391,783, while its net income surged approximately 40% to $20,967,357, both compared to fiscal year 2012.
According to its business outlook, GURE forecasts total revenue approximately $124.3 million, and net income to range between $22.02 million and $23.1 million in fiscal year 2014.
GURE operates through two wholly-owned subsidiaries, Shouguang City Haoyuan Chemical Company Limited and Shouguang Yuxin Chemical Industry Co., Limited. GURE believes that it is one of the largest producers of bromine in China. Elemental Bromine is used to manufacture a wide variety of compounds utilized in industry and agriculture.
More about Gulf Resources, Inc. (GURE) at www.gulfresourcesinc.com
**
Read Full Disclaimer at www.pennyomega.com/disclaimer
