Essential Assets for November 18

November 18, 2014 07:12 AM

Gulf Marine Services, the leading provider of advanced self-propelled self-elevating support vessels (SESV) serving the offshore oil, gas and renewable energy sectors, is pleased to confirm that a contract extension has been exercised for one of its Large Class vessels in the Southern North Sea.

White Star Resources Limited is pleased to announce that Spookfish Pty Ltd co-founder, Guy Perkins, will lead the company’s go-to-market strategy as Head of Strategic Sales.

Titan Energy Limited is pleased to announce an unmarketable parcel sale facility for holders of unmarketable parcels of the Company’s shares. The ASX Listing Rules define an unmarketable parcel to include a parcel of shares with a market value of less than A$500. As at 5:00 pm (WST) on Nov. 4, 2014, an unmarketable parcel of shares is any shareholding of 22,727 ordinary shares or less, based on the closing price of $0.022 on the Record Date. The Company is offering this sale facility to assist holders of unmarketable parcels to sell shares without having to use a broker or pay brokerage.

Perth-based heavy engineering services provider Civmec is continuing to experience strong growth, increasing its revenue by 140% for the three months from July to September 2014, and growing net profits after tax by 38% over the same period.

King River Copper Limited is pleased to advise that the second round of the Phase 2 Reverse Circulation drill program will re-commence today. Approximately 1,250 metres in 30 holes are planned, focussing on the three main targets along the Chapman-Catto-Greys, Todhunter North-Pentecost, and King River Fault Zones.

Centrex Metals Limited will commence drilling at its Goulburn Zinc Project in NSW at the start of 2015. A four drill hole diamond core program is planned over the historical Collector Skarn Deposit and its immediate potential extensions. A secondary shallow RAB drilling program will also be completed over a number of regional geophysical targets in the nearby area. Landowner and government approvals for the program are currently in progress.

Potash West NL wish to advise that Mr. George Sakalidis has notified the company of his intention not to stand for re-election as a Non-Executive Director. Accordingly he will retire as of the Annual General Meeting on Nov. 26, 2014.

Latin Resources Limited advises that it has entered into a funding agreement of up to $3.125 million with the Australian Special Opportunity Fund, LP, an institutional investor managed by New York based The Lind Partners Australia LLC.

St. George Mining Limited is pleased to report continuing positive results from its ongoing exploration of the VMS (volcanogenic massive sulphide) prospect, at the Company’s 100% owned East Laverton Property in Western Australia.

About the Author

Skylar Zhang is an undergraduate student at Northwestern University's Medill School of Journalism, focusing on magazine journalism. She is also majoring in economics. She is currently an intern for Futures magazine. In her free time, she enjoys writing, taking pictures, and beating her engineering friends at math.