Essential Assets for September 11, 2014

September 10, 2014 10:53 PM

Argex Titanium, Inc., an emerging producer of high--‐grade titanium dioxide (TiO2) used as white pigment in paint, plastic, paper, cosmetics and other applications, has been invited to present at the Global Hunter Securities 1x1 Series Industrials Conference on Thursday, September 18, 2014 at the Millennium Broadway Hotel in New York City.

Finnair is extending its network throughout the United Kingdom with new codeshare services from Manchester operated by partner airline Flybe. Effective 15 September, Finnair code will be added to Flybe services from Manchester (MAN) to 10 regional airports: Aberdeen (ABZ), Belfast City (BHD), Edinburgh (EDI), Exeter (EXT), Glasgow (GLA), Inverness (INV), Isle of Man (IOM), Jersey (JER), Newquay (NQY) and Southampton (SOU).

Ahead of its interim 2014 results announcement on 12 September, President Energy Plc is pleased to announce a successful new discovery well at East Lake Verret, Louisiana, and an increase in Group production from an average Q1 net production of 385 boepd to currently approximately 530 boepd prior to inclusion of the new East Lake Verret discovery.

Australia Minerals and Mining Group Limited is pleased to announce it has a clear strategy and focus on becoming a high purity alumina (HPA) producer. In his first major undertaking since his appointment as Managing Director last month, Mr. Iggy Tan, a highly experienced mining executive and chemical engineer, has conducted a technical review of the previous AMMG testwork, proposed process flow design and integrated plant study to reaffirm the technical viability of producing HPA from the Company’s substantial aluminous clay resources near Meckering, Western Australia.

Aspen Group is pleased to announce that it has executed documentation to refinance its debt facility. The available debt limit has been increased to $50.0 million (previously $26.8 million) and the maturity date extended to August 2016. This is consistent with the terms announced as part of Aspen Group’s FY14 financial results which were released on 25 August 2014.

Premier is pleased to announce that the Solan subsea oil storage tank, jacket and topsides have been successfully installed. The offshore hook up and commissioning programme will now commence. Precise timing of first oil from the Solan field will depend upon the progress of this next phase.

Bauxite Resources Limited has made several announcements about a proposed shareholder class action against the Company. The Company has today executed a conditional agreement to settle that claim, prior to any proceedings having been commenced.

Ascot Resources Limited notes the ASX announcement by Ochre Group Holdings Ltd (Ochre) this morning advising that a General Meeting of Ochre shareholders on 8 September 2014 approved the sale of the Wonmunna Iron Ore Project (Project) to Ascot.

Decmil Group Limited is pleased to announce the award of a contract to construct the Pedestrian Bridge to be located at Elizabeth Quay in Perth, Western Australia. The $19.88 million bridge contract is a Joint Venture between Decmil, Structural Systems and Hawkins Civil (DASSH) and will connect the new promenades, the Island and ferry terminal at Elizabeth Quay.

Australian energy company WHL Energy Limited is pleased to provide a copy of the presentation to be delivered by Managing Director, David Rowbottam, at the Good Oil conference later today.

The Directors of Jacka Resources Limited are pleased to announce the appointment of Mr Neil Fearis as a Non-Executive Director of the Company.

Blackham Resources Ltd is pleased report the Department of Environment and Regulation (DER) has transferred the Environmental Protection Act 1986 licence to Matilda Operations Pty Ltd, a 100% owned subsidiary of Blackham Resources Limited. The licence primarily allows for the processing of ore, mine dewatering extraction and discharge plus other activities required for the operation of the site.

Avebury Nickel Mines Limited is pleased to advise that it has established a framework for continued cooperation with leading Chinese metals group Jinchuan Group Co., Ltd. (Jinchuan) for the continuation of the Life of Mine (LOM) off-take agreement for the Avebury Nickel Mine located in Tasmania, Australia.

Citation Resources Ltd confirms that flow testing operations are due to recommence on the perforated upper C18 carbonate section of the Atzam #5 well. As previously advised, the Operator undertook testing operations on the C18 interval in Atzam #5 with 4 individual zones of interest being perforated which resulted in oil and reservoir water being produced , but not at the commercial rates to put the well immediately into production. As a result, the Operator has undertaken detailed evaluation on the likely benefit of an acid wash and stimulation program on the most prospective of these perforated C18 carbonate sections to try and establish a commercial flow rate.

Australian energy company WHL Energy Limited is pleased to report that a portfolio with some 14 prospects with total best estimate Prospective Resources* of 1,044 Bcf of gas and 31.2 MMbbls of condensate and LPGs has been mapped on the fully processed volume of the La Bella 3D Seismic Survey.

Copper and gold focused resource company AusAmerican Mining Limited is pleased to report that it has entered into a binding term sheet for an exclusive option to acquire a 77.58% interest Shenglong International Investment Limited (“Shenglong”), a BVI company that is engaged in exploration and production of copper, lead and zinc in the Republic of Congo (“ROC”).

Ascot Resources Limited is pleased to announce that it has entered into an agreement with global commodities trading firm, the Gunvor Group, for A$5 million equity capital investment in the Company. Following completion of due diligence on the Wonmunna Project, Gunvor has agreed to subscribe for 20 million new shares in the Company at an issue price of A$0.25 per share.

About the Author

Lauren is the editorial assistant for Futures Magazine. She graduated from DePaul University in 2013 with a degree in English.