Close X Cookies are necessary for the proper functioning of 24hGold.com. By continuing your navigation on our website, you are accepting the use of cookies.
To learn more about cookies ...
EnglishFrench
Gold & Silver Prices in
In the same category
Brixton offers $ 4.5 million to acquire 150 bbl / day production
Published : December 06, 2012
( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment

Brixton offers $ 4.5 million to acquire 150 bbl / day production

BRX TSX.V

CALGARY, Dec. 6, 2012 /CNW/ - (TSXV: BRX)   Brixton Energy Corp. ("Brixton") is pleased to announce that management has completed its 2013 business plan and, has approached the services of multiple financial groups capable of delivering a line of credit up to $15 million. The company's 2013 business plan includes the purchase of a turnkey production package in the Greater Red Earth area which consists of 150+ boe / day production and, includes multiple production assets over a large land base. Brixton's offering of $ 4.5 million was accepted by the private energy company and, a purchase sales agreement is currently underway. (Additional details will be released at a later date) The purchase will include strategic process and delivery infrastructure contingent to the company's recently negotiated farm in properties (22.4 sections) in the Greater Red Earth area and will work to significantly reduce development costs in this area moving forward.

The 2013 development plan includes 4 drills picked from 3D seismic and data from offset wells. Brixton and its business partners have 2 Keg river drill targets picked in the Red Earth area. Estimated costs to drill and put into production is $1.8 million per well. Based off of information from offset wells, initial production rates of new drills are expected between 125 - 300 bbl /day. The company also plans to drill 2 Leduc targets on its Sturgeon lake property. These Leduc drills are estimated to cost $2.6 million per well and, data taken from offset production wells indicates initial rates up to 1500 bbl / day and, cumulative production up to 2.4 million barrels. Brixton expects to have a respective, minimum production of 500 Bbl / day by the end of 2013.

Brixton also wishes to announce a $ 125,000 private placement which will consist of 2.5 million units at $ .05 with 2.5 million warrants to purchase an additional 2.5 million units at $ .15 for a period of 1 year.

On behalf of Brixton Energy Corp.

Mr. Matthew Dodwell, Vice President of Corporate Development

We seek Safe Harbor

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS

SOURCE: Brixton Energy Corp.

For further information:

pertaining to the 2013 business plan or investment opportunities please contact:
Richard Saxon at 604-269-0006 or rsaxon@brixtonenergy.com.
Matthew Dodwell  at 780-649-0014 or mdodwell@brixtonenergy.com

Canacol Energy Ltd.

EXPLORATION STAGE
CODE : BRX.V
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Canacol Energy is an exploration oil and natural gas company based in Canada.

Canacol Energy holds various exploration projects in Canada and in Colombia.

Its main exploration properties are MAVIS LAKE, OXFORD LAKE, BUFFALO HILLS, ERDA, SHELBY LAKE (LAC DES ILES) and VARLAAM in Canada.

Canacol Energy is listed in Canada. Its market capitalisation is CA$ 259 400 as of today (US$ 210 944, € 191 727).

Its stock quote reached its highest recent level on December 29, 2006 at CA$ 1.95, and its lowest recent point on May 22, 2015 at CA$ 0.01.

Canacol Energy has 51 880 000 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Corporate news of Canacol Energy Ltd.
12/6/2012Brixton offers $ 4.5 million to acquire 150 bbl / day produc...
1/31/2008Announces a USD$40 Million Convertible Debenture Financing i...
12/3/2007 Enters into Farm-Out Agreements and Announces Successful Ro...
9/27/2007provides Operational Update
8/8/2007Closes First Tranches of Debt Financing Arrangements with St...
7/4/2007Cases SA-01 Well and Provides Operations Update
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (BRX.V)
0.005+0.00%
TSX-V
CA$ 0.005
05/22 15:55 -
0%
Prev close Open
0.005 0.005
Low High
0.005 0.005
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  0.005 -50.00%
Volume 1 month var.
0 -50.00%
24hGold TrendPower© : 15
Produces
Develops
Explores for Beryllium - Cesium - Copper - Diamonds - Gold - Lithium - Nickel - Silver - Tantalum - Zinc
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
2016-50.00%
20150.00%0.010.01
20140.00%0.010.01
2013-50.00%0.030.01
20120.00%0.050.01
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Pengrowth(Ngas-Oil)PGF-UN.TO
Announces Proposed Amendments to Convertible Debentures
CA$ 5.25+0.19%Trend Power :
Goldgroup(Le-Zn-Au)GGA.TO
Candelaria settles contingent payment to Goldgroup
CA$ 0.12-4.17%Trend Power :
Musgrave Minerals LTDMGV.AX
Patersons Securities Limited – MGV Research Note November 16, 2016 - 8:26 am
AU$ 0.07+4.29%Trend Power :
Royal Gold(Ag-Au-Cu)RGLD
Royal Gold Increases Common Stock Dividend 4.4% to $0.96 per Share
US$ 67.02-3.12%Trend Power :
Sims Metal Management LTDSGM.AX
Appendix 3B
AU$ 13.35+0.91%Trend Power :
Atlas Iron(Fe)AGO.AX
Change in substantial holding (Marathon)
AU$ 0.02+0.00%Trend Power :
Atlas Iron(Fe)AGO.AX
Change in substantial holding for Centaurus
AU$ 0.02+0.00%Trend Power :
Horizon Oil LTDHZN.AX
Amendment to Explanatory Memorandum Appendix 3B
AU$ 0.04+2.38%Trend Power :
Phosphate Australia LTDPOZ.AX
Change of Director's Interest Notice
AU$ 0.02-4.17%Trend Power :
Consolidated Zinc LTDCZL.AX
Further high grades intersected at Plomosas
AU$ 0.03+0.00%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
Tala Hamza Zinc Project ProgressesTowards Development
AU$ 0.13+0.00%Trend Power :
Altura(Au-Fe-Ta)AJM.AX
Pilgangoora Lithium-Strategic Partnership $40M Placement
AU$ 0.14-3.57%Trend Power :
Sprott Resources(Ag-Au-Co)SCP.TO
Resource Corp. Announces Holdings in InPlay Oil Corp.
CA$ 0.53-3.64%Trend Power :
Banro(Au)BAA
Announces Q3 2016 Financial and Operating Results
US$ 0.18-5.26%Trend Power :
Silver Standard(Ag-Au-Cu)SSO.TO
Corporate Exploration Update
CA$ 12.20-6.44%Trend Power :
Carnegie WaveCWE.AX
receivesA39.6m (AUD$15.5m) European Regional Development Fund grant for first international exp
AU$ 0.04+0.00%Trend Power :
Metals X(Au-Cu-Ni)MLX.AX
of Africa completes oversubscribed $9m Placement to advance Mozambique Graphite Projects
AU$ 0.66+0.76%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Portia Gold Mine Extension
AU$ 0.62+1.63%Trend Power :
Cardinal Res.CDV.AX
Appendix 3B
AU$ 0.23+0.00%Trend Power :
Altura(Au-Fe-Ta)AJM.AX
Pilgangoora Lithium Project - Procurement Update
AU$ 0.14-3.57%Trend Power :