

Lucas Energy, Inc. (AMEX:LEI) reported that the price received for crude from its major purchaser climbed to $96.10 per bbl for the month of March 2011 for the Gonzales County, Texas area. The price received for crude for same month for the East Texas properties was $112.28 per bbl. “Oil prices for March 2011 from our major purchaser are up 12% from December 2010 and 23% from March 2010,” commented William A. Sawyer, President and CEO of Lucas Energy, who continued, “We anticipate continued improvement in our revenues due to higher oil prices in the current quarter.”
Lucas Energy, Inc. operates as an independent oil and gas company in Texas. It has interests in approximately 12,500 gross acres of oil and gas leases in South Texas, primarily in the Gonzales County and Wilson County, Texas. The company also holds oil and gas interests in the Austin Chalk formation, Buda formation, and Eagle Ford Shale formation. In addition, it operates 30 producing wells. The company is based in Houston, Texas.
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Orofino Gold Corp. (ORFG)
Orofino Gold Corp. is a Colombia based gold producer founded as a private company in 2009 by former executives with over 50 cumulative years in mining exploration, finance, and development expertise.
Gold is a soft, yellow, corrosion-resistant element, the most malleable and ductile metal, occurring in veins and alluvial deposits and recovered by mining or by panning or sluicing. A good thermal and electrical conductor, gold is generally alloyed to increase its strength, and it is used as an international monetary standard, in jewelry, for decoration, and as a plated coating on a wide variety of electrical and mechanical components.
Orofino’s corporate objective is to continue to build shareholder value through the exploration and development of Senderos de Oro and additional accretive acquisitions, capitalizing on the extensive experience and relationships that management has developed over the past 25 years.
Many satellites carry gold-coated mylar sheets as a solar heat shield because gold is an excellent reflector of radiation and unreactive. Similarly astronaut’s helmet visors are coated with a thin layer of gold to guard against dangerous effects of solar radiation. Gold is widely used in jewelry and coinage. It is also used in dental work as crowns, as gold plating for decoration and as gold thread in embroidery work. Gold is used widely in microelectronic circuits to ensure reliable, corrosion-resistant and static-free performance.
Orofino Gold Corp. has several Gold development properties in Colombia, a current hot spot of gold production in the world markets.
Orofino Gold Corp. is releasing the results of an updated technical report on its mining concessions in Sur de Bolivar, Colombia. This 2010 report confirms and reinforces the promising findings of previous claim holders. This initial report was produced on behalf of Orofino by Thomas H. Carpenter, P.Geo of Discovery Consultants, Orofino’s Geological Consultants hired to assist with the production of a comprehensive 43-101 compliant report. In his analysis, Mr. Carpenter makes the following conclusion:
“[Shaw] observed that the Metallogenic zonation around Cerro San Carlos evokes a very viable ‘hidden porphyry’ exploration model. Based upon exploration carried out by Metallica it was clear that the area hosts significant gold, copper and silver mineralization, which may be amenable to the development of bulk-tonnage and/or high-grade underground gold-silver-copper exploration targets. [Shaw's] interpretation and the prospectivity of the area have been confirmed by the author.”
Mr. Carpenter’s findings reiterate the potential of Orofino’s concessions and why Guavita S.A., Metallica Resources, AngloGold, and others have valued them over the years. Mr. Carpenter’s confirmation of earlier analysis is assisting Orofino as it progresses toward ultimate development of these sought-after claims. For access to the complete Carpenter report, as well as the original report by Robert P. Shaw, P.Geo, visit www.orofinogoldcorp.com.
For more information aboutOrofino Gold Corpwww.orofinogoldcorp.com.
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Global Hunter Corp. (BOB.V)
Global Hunter Corp. engages in the acquisition, exploration, and development of mineral properties in Canada and Chile. It primarily explores for gold, copper, and base and precious metals. The company was founded in 1988 and is headquartered in Vancouver, Canada.
Modern industry makes extensive use of natural copper and copper compounds, and we can witness this wherever we go in our daily lives. Copper is highly desirable due to its very high conductivity and ductility and low manufacture cost. However, in the environment, the presence of copper is becoming exceedingly rare due to the high quantity that is mined out of the ground each year.
Copper is widely used.
1) In the electrical industry,
2) In cooking utensils and in brewing vats,
3) In boilers and fire-boxes in locomotives and steam-engines, and
4) Copper is a constituent in many alloys.
Global Hunter Corp. announced that it recently completed a surface sampling program at La Corona de Cobre. The program was designed to collect surface samples from the numerous prospective shear zones. This would aid in the definition of drill targets to expand on the copper oxide mineralization. The company has collected approximately 250 samples from the shear zones listed below.
The shear zones and areas of alteration that have been sampled (from East to West) include the following zones:
- El Manto.
- La Golondrina.
- Cerro Borracho.
- El Tazon.
- La Copa.
- La Varrilla.
- Et Tazon.
- Vino Fino.
- Abisinia.
The samples have been collected from outcrops along the entire strike lengths of the shears and will be shipped to ALS Chemex Labs in La Serena Chile for analysis.
For more information about Global Hunter Corp please visit http://www.globalhunter.ca
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Extorre Gold Mines Ltd. Ordinar (AMEX:XG) is pleased to announce high grade to bonanza grade gold-silver results from the first 3 of 21 diamond drill holes completed to date on a discovery named Zoe at Cerro Moro, Santa Cruz Province, Argentina. Visual inspection of the core, without the benefit of assays, suggests that drilling has just entered the mineralized zone and that mineralization continues at depth.
Extorre Gold Mines Limited engages in the exploration and development of precious metals. It explores for gold and silver. The company’s primary project includes Cerro Moro gold-silver project consisting of Cerro Vanguardia, Manantial Espejo, and San Jose mines located in north-eastern Santa Cruz, Argentina.
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Geokinetics Inc. (AMEX:GOK) announced that since January 1, 2011 it has been awarded several new projects that, in aggregate, total approximately $370 million in revenue for work in Latin America, Australia, Canada, the Far East and the United States. Richard F. Miles, President and Chief Executive Officer, stated, “We are pleased to have been awarded this degree of work over the past few months. The nature of these projects spans across our entire suite of product offerings. Our international customers are beginning to direct additional capital towards seismic exploration and our domestic customers continue to deploy capital into the various resource plays in an effort to maximize future production while minimizing well costs. The sheer magnitude of the bids we currently have outstanding, combined with the number of inquiries we continue to receive, gives us confidence that we will secure our fair share of additional work over the next several months.”
Geokinetics Inc., together with its subsidiaries, provides seismic data acquisition, and seismic data processing and interpretation services to the oil and natural gas industry. It provides seismic data acquisition services by collecting two-dimensional (2D), three-dimensional (3D), and multi-component seismic data in land, marsh and swamp, and shallow water environments on a contract basis for its customers.
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