Latest PEL Stories

CISCO, Texas, May 23, 2012 /PRNewswire/ -- Australian-Canadian Oil Royalties Ltd. (OTCBB: AUCAF) ("ACOR" or "the Company") is pleased to announce the completion of a definitive farm-out agreement with Terra Nova Minerals Inc. on the exploration of its Australian Cooper Basin holdings (the "Farm-Out"). The Farm-Out, which was made effective May 11, 2012, set out terms by which Terra Nova may earn a 55% working interest in ACOR's PEL 112 and PEL 444 concessions by funding seismic...

VANCOUVER, May 25, 2011 /PRNewswire/ - Brandenburg Metals Corp. (TSXV:BBM) ("Brandenburg" or the "Company"), is pleased to announce that it has signed a joint venture letter of intent ("LOI") with Houston-based Holloman Energy Corporation ("HEC"), pursuant to which the Company can earn an undivided 44 % working interest in two onshore concessions known as Petroleum Exploration License 112 ("PEL 112") and Petroleum Exploration License 444 ("PEL 444")(PEL 112 and PEL 444 collectively,...

VANCOUVER, May 25, 2011 /PRNewswire/ - Brandenburg Metals Corp. (TSXV:BBM) ("Brandenburg" or the "Company"), is pleased to announce that it has signed a joint venture letter of intent ("LOI") with Houston-based Holloman Energy Corporation ("HEC"), pursuant to which the Company can earn an undivided 44 % working interest in two onshore concessions known as Petroleum Exploration License 112 ("PEL 112") and Petroleum Exploration License 444 ("PEL 444")(PEL 112 and PEL 444 collectively,...