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Natural Resources Bulletin

month=07  year=2010

01 July 2010

Natural Resources Morning Bulletin
Results
Amerisur Resources PLC  - Preliminary Results 

·      Achieved commerciality & became 100% owner of Platanillo contract:

-    Assumed further 40% interest to become sole operator

-    Alea-1 and Platanillo-2 commenced commercial production in October 2009

-    Application made to ANH to extend the Exploitation Area   

·      Drilled new exploration wells in FĂ©nix block:

-    Drilled Iguasa-1 and Isabel-1 which identified independent oil accumulations with joint potential contingent resources of more than 10 mmbbl

-    Plans include a long term flow test of the two wells and the drilling of two offset wells on each discovery

-    Management potential estimates of over 300 mmbbl of unrisked prospective resources

·      Significant progress achieved in Paraguay:

-    Single largest UK investor in the country during the year

-    Conducted two geochemical surveys - encouraging results

-    Planning to shoot approximately 180 km of 2D seismic in 2010

Yamana Gold Inc - Second Quarter results release notification/Call 
 

TORONTO, June 30 /CNW/ - YAMANA GOLD INC. (TSX: YRI; NYSE: AUY; LSE: YAU)

today announced that its second quarter results will be released after market

close on August 4, 2010 followed by a conference call on August 5, 2010 at

11:00 a.m. ET.

Trading Statements / Contract Wins / Acquisitions:
 
Wellstream Holdings PLC  - Re Contract 

Alasdair MacDonald, Acting CEO, said of the award: "We look forward to working closely with OGX on this exciting new development.  Wellstream has a history of working closely with its key customers.  Indeed, this award is a clear example of the success of the Groups strategy to offer the industry full SURF capability through collaborative and innovative working relationships.  We look forward to working with OGX as the project moves into the manufacturing, development and offshore phases."

Wellstream Holdings PLC  - Trading Statement 
 

Wellstream Holdings PLC, a leading designer and manufacturer of flexible risers and flowlines for the oil and gas industry, issues the following pre-close trading update ahead of announcing its results for the Half Year ended 30 June 2010.  The Half Year results announcement will be made on 19 August 2010.

Consequently, the recovery predicted for H2 2010 looks to be slower than expected and may result in some profit being delayed into 2011. Looking forward, the potential for significant growth in Brazil is clear and the fundamentals underpinning growth elsewhere across our markets remain unchanged.

 

Wood Group (John) PLC  - Trading Statement 
 

Overall, we believe that the Group's performance for 2010 will be in line with

expectations. We believe that longer term fundamentals for our services and

products remain strong and we are continuing to extend our services and broaden our international presence.

 

AGM & EGM:
 
Share Dealing:
Northern Petroleum PLC  - Notification of Shareholding 
BHP Billiton PLC  - Director/PDMR Shareholding 
Chaarat Gold Holdings Ltd - PLACING 
Maghreb Minerals PLC - Grant of Options 
Centamin Egypt Limited - Major Interest in Shares 
 
Miscellaneous:
Tullow Oil PLC  - Total Voting Rights 
Cairn Energy PLC  - Exploration Disko West Offshore Greenland 
Tullow Oil PLC - Ghana Capital Markets Day 
Aurelian Oil & Gas plc  - Polish Operations Update 
Ascent Resources PLC - Increase in Interest in Petisovci Project 
Salamander Energy PLC  - Spudding of Tom Hum Xanh-1X Exploration Well 
Leed Petroleum PLC  - Operational and Financial Update 
Frontline Ld  - FRO - Purchase of Suezmax Newbuildings and Fleet Update 
Aquarius Platinum Ld  - Safety review at Blue Ridge Platinum Mine 
African Barrick Gold PLC - Total Voting Rights 
African Eagle Resources PLC - Change of Sponsor 
Sylvania Resources Ltd - Satisfaction of Royalty Agreement 
Metminco Limited - Major Resources Upgrade 
Churchill Mining plc - East Kutai Coal Project Update 
Bellzone Mining PLC - Agreement Update 
Vane Minerals PLC - Additional High-grade Uranium Results, Wate Pipe 
Nyota Minerals Limited - CHANGE OF DIRECTORS INTEREST 
 
Newspaper Investment Highlights:

 

Investment Column

Hunting - Buy