News Update
Streetwise Reports (2/25/21) Pan Orient Energy reports the target of the first well, L53-DD10, is the AA sand in the L53-DD field.
Pan Orient Energy Corp. (POE:TSX.V) announced in a news release that the joint venture started drilling the L53-DD10 well at its Thailand concession, the first of a firm two well development drilling program. Pan Orient has a 50.01% interest in the joint venture.
The company noted that the target of L53-DD10 is the AA sand because a second well is needed to produce from there efficiently and economically. The single well producing there now is L53-DD7, which, last year, encountered the thickest and structurally highest AA sand of any previous well in the L53-DD field. It is expected that L53-DD10 will require about 14 days of drilling to reach total depth.
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Streetwise Reports (2/19/21) The StreetSmart Live! Broadcast on Feb. 17, 2021, focused on uranium. Gerardo Del Real, the president of Resource Stock Digest and cofounder of Digest Publishing, shared where he believes the market is headed and why. Two representatives of Blue Sky Uranium Corp., President and CEO Niko Cacos and Vice President of Exploration and Development Guillermo Pensado, discussed their company s uranium district and project in southern Argentina.
Host Cyndi Edwards began by asking general questions about the uranium market. She asked Gerardo Del Real why investors should believe a true bull market is imminent, when experts have been predicting one for a handful of years, which has not materialized.
News Update
Streetwise Reports (2/11/21) This deal takes Ely Gold Royalties interest in the leased mining claims at Hog Ranch to 75.01% and its royalty there to 2.25%.
Ely Gold Royalties Inc. (ELY:TSX.V; ELYGF:OTCQX; I4U:FSE) announced in a news release that through its subsidiary Nevada Select Royalty Inc. it agreed to acquire from Platoro West another 25% interest in the Hog Ranch property in Nevada.
This transaction will boost Ely s net smelter returns royalty on Hog Ranch to 2.25% from 1.5% and increase its interest in the 247 mining claims there, currently leased to Rex Minerals, to 75.1%. Prior to this deal, Ely owned 50.01% of Hog Ranch, which it had purchased from Platoro West in 2017.