In what could definitely be described as a surprising update, Amerisur Resources (AMER.L) confessed its total oil reserves actually decreased compared to the previous year. Whilst companies are usually able […]
Tag: #Colombia
Both Red Eagles will now merge into one entity
The shareholders of Red Eagle Exploration (XR.V) overwhelmingly approved (by 100%) the merger with Red Eagle Mining (R.TO). Not a surprise, as we already explained here why the merger appeared […]
Red Eagle Exploration and Red Eagle Mining will merge: a good deal
Red Eagle Exploration (XR.V) has announced it has entered into an agreement with majority shareholder Red Eagle Mining (R.TO) whereby the latter will issue 0.5 of its own shares per […]
Parex Resources increases 3P Reserves by 70 million barrels
Parex Resources (PXT.TO), the Colombia-focused oil explorer and producer, has now released its updated oil reserve estimates. With a 2P replacement ratio of 488% (which means the company has added […]
Canacol Energy continues to hit more gas in Colombia
Canacol Energy (CNE.TO) has been on a winning streak lately as the success ratio of its exploration program in Colombia is very high. After having made numerous discoveries, the Pandereta […]
Red Eagle Mining has started the Santa Rosa mill on January 2nd
Red Eagle Mining (R.TO) has re-started the Santa Rosa mill at the beginning of this month, as the company felt comfortable with the size of its stockpile. The development of […]
Red Eagle Mining closes an additional C$5.6M capital raise
Red Eagle Mining (R.TO) plans to start the San Ramon mill up again in January as it has spent the past few quarters focusing on aggressively developing its underground mine […]
Amerisur Resources produces almost 6,200 barrels of oil per day in October
Amerisur Resources (AMER.L) has provided another production update as the company announced a total oil production of almost 200,000 barrels in October, resulting in an average production rate of 6,172 […]
