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New venture with interesting properties ??
Goldnev Resources

http://www.xtraenergycorp.com/


Came across this website, looks like an interesting company with some very familiar properties (tonque in cheek)


Might be worth while your read.


I just hope there is still some left over for GNZ and their shareholders, but I am fearing the worst.


Merry Christmas and Happy New Year.


Lana

almost 12 years ago
Re: Halted
Goldnev Resources

Sorry for the message.


The news is showing a pending compliance with the exchange requirements.


lana2010

about 13 years ago
Halted
Goldnev Resources

GNZ showing halted on my level 2.


Perhaps a news release on the name change, or even better the Pre-feasibility report has been completed and will be released in the near future.


GLTA


Lana2010

about 13 years ago
News out
Goldnev Resources


Goldnev Provides Operations Update

May 31, 2011 (PR Newswire) −−

CALGARY, May 31 2011 /PRNewswire/ − Goldnev Resources Inc. ("Goldnev" or the "Corporation")

(TSXV: GNZ) is pleased to provide the following operational updates to its shareholders.

Turner Valley

The company reports that the production results on its 13−21−20−3W4 oil well on the Corporation’s

50.4% owned Turner Valley property have increased to levels projected in a previous news

release dated January 6th, 2011.

Based upon the latest production tests, the total gross production rate has increased from 25

boe/d to 48 boe/d. This is comprised of an increase in light oil production from approximately 20

b/d to 30 b/d and natural gas and liquids from 5 boe /d to 15 boe/d. Gross revenues of $71,000 to

$80,000 per month have been received for the months of January, February, March and April and

the corporation has realized an $80/barrel netback on the sale of its oil for the months of March

and April.

Noel

As announced in the January 26, 2011 news release, the Corporation has entered into a farm−in

agreement to earn in 24 sections (approximately 15,360 acres) of unexploited shallow natural gas

rights to the base of the Cardium formation. This farm−in is on developed lands in the producing

Noel field located in northeastern British Columbia. Under the terms of the agreement, Goldnev

was to elect and spud the initial earning well on or before March 31, 2011 which then provides

for a rolling option to earn on the remaining lands. The Farmor has the right to participate in

certain option wells or retain a gross overriding interest.

At the request of Goldnev, the Farmor has granted an extension to the drilling of the initial test

well until June 30, 2011, subject to rig availability and lease access. The Corporation is currently

making preparations for the survey and construction of a surface lease and obtaining a drilling

license.

Pasquia Hills

The Corporation is in the process of completing a pre−feasibility study (the "PFS") which is being

conducted by Hatch Ltd. for the development of a Shale to Liquids Plant at its Pasquia Hills oil

shale property. The PFS will assess the applicable mining, extraction and refining methods and

provide details on equipment, capital and operating costs as part of a detailed mining and

production scope analysis to confirm commerciality and / or the conditions required for

commerciality of Goldnev’s identified oil shale resources.

Current milestone progress for the PFS indicates that the project progress stands at 30% although

many of the process deliverables have progressed up to 50% for the PFS study. Project progress

milestones include:

- The retort technology selection has been completed and Hatch Ltd. are

in the process of confirming the public domain data with regards to

prospective technology licensors;

- The site area for the Shale to Liquids Plant location has been chosen

and is located adjacent to a rail line and transportation

infrastructure. Local authorities have been contacted regarding

resources for the project including gas, electricity and water and

preliminary requirements and arrangements are being finalized;

- Facility planning and phasing including a preliminary plot plan has

been completed based upon initial production of a 3000 to 5000 bpd

plant capacity for phase 1 of the project;

- The preliminary Process Design Basis has been sent by Hatch and

reviewed by the Corporation. The critical data to finalize the Process

Design Basis will the laboratory results from the oil shale tests;

- An estimate basis for the capital costs has been completed;

The Corporation is finalizing arrangements to complete the bench scale laboratory rework and

testing of six of its oil shale cores and expects to complete the PFS by August 2011.

Pincher Creek

The Corporation has retracted its offer to purchase in conjunction with Mercury Oil & Gas Ltd.,

the Pincher Creek assets. Following a technical due diligence review, the Corporation has

determined that focusing on its Pasquia Hills oil shale project, Turner Valley operations and Noel

drilling program makes the most strategic sense.

Corporate Registration Continuance and Name Change

Pursuant to the results of the Corporation’s annual and special meeting of shareholders held on

February 24, 2011 wherein the shareholders unanimously approved special resolutions which

included continuation of the Corporation’s registration from the province of British Columbia to

the province of Alberta and to change the name of the Corporation from "Goldnev Resources

Inc." to "Blackstone Petroleum Inc." or such other name as the directors may determine. The

Corporation wishes to report that the corporate registration continuance is in the process of being

finalized and the name change is expected to be completed by early July subject to the

approval of the TSX Venture Exchange.

Neither the TSX Venture Exchange, nor its Regulation Service Provider (as the term is defined in

the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy

of this release.

About Goldnev

-------------

Goldnev Resources Inc. is a public energy company focused on the exploration and

development of conventional and unconventional hydrocarbons in northeastern British

Columbia, southwestern Alberta and east central Saskatchewan. Goldnev shares trade on the

TSX Venture Exchange under the symbol "GNZ."

Anyone wishing to be added to the Corporation’s news release recipients list may forward an

e−mail request to info@goldnevresources.com.

Forward Looking Statements

This Company Press Release may contain certain "forward−looking" statements and information

relating to the Company that are based on the beliefs of the Company’s management as well as

assumptions made by and information currently available to the Company’s management. Such

statements reflect the current risks, uncertainties and assumptions related to certain factors

including, without limitations, competitive factors, general economic conditions, customer

relations, relationships with vendors and strategic partners, the interest rate environment,

governmental regulation and supervision, seasonality, technological change, changes in industry

practices, and one−time events. Should any one or more of these risks or uncertainties

materialize, or should any underlying assumptions prove incorrect, actual results may vary

materially from those described herein.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in

the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy

of this release.

SOURCE Goldnev Resources Inc.

Source: PR Newswire (May 31, 2011 09:31:29 EDT)

over 13 years ago
Re: Is it “Oil Shale” or “Shale Oil”?
Goldnev Resources

I had posted an article from the NOSA website on the other board, I have attached the links below, might me an interesting read for whom is interested in oil shale and its processes.


http://www.oilshaleassoc.org/os-brochure.html

http://www.oilshaleassoc.org/


I can't recollect if the question was asked at the meeting in regards to the grade of the oil shale, we did discuss the utilization of the ash by product after the oil has been distracted. They might consider using the ashes for a cement product. This is currently done in Germany, only in their scenario the oil is the by-product as they use the shale mainly for cement products.


Lana

over 13 years ago
AGM notes
Goldnev Resources

Had a chance to go the AGM today and I will try and summarize what had been discussed.


Blackstone Petroleum Inc has been approved and will take affect by the end of March early April. We might end up with a new stock symbol, but the TSXV might not provide the stock symbol Marc favours, thus we might stay with GNZ, as most people know the company by this symbol anyway.


Turner Valley; is still producing the 25 B/D and the well is financially sustaining itself at this level of production, they are expecting to see an increase in production once the water table is dropping some more. The water table has dropped significantly and they are starting to see more oil production. They are expecting between 50 – 70 B/D in the next two months. The second stage for this well is a possible dual leg horizontal well with the expectation of between the 400 – 600 B/D.


Noel; They will be drilling the first hole by the end of March, early April, The well is around 700 meters deep and costs will be around the $400k mark. They figure that they will be making a profit on anything above the $2-2.5/MMBtu. Total estimated resource could be 0.5 trillion cub. Nice bonus with this is, the BCgovernment is providing a 100K per drilled well royalty credit, also all the infrastructure is in place by means of roads and pipelines since Conoco has done most of the leg work. It took management 3 years to negotiate this farm in agreement.


Pincher creek; They are thinking of selling off their share to the other companies that are involved with this partnership as currently they are owning the 10-12%. Management is of opinion that the money and energy that needs to be spend in order to get this to a production level is better spend on existing properties that are current creating cash flow and paying off debt.


Pasquia Hills; Hatch is currently still working on the pre-feasibility study and are requiring further testing on the shale itself, they are in the process of running a bigger batch of shale thru the ATP process pilot plant in Calgary in order to get more accurate results on what to expect when processing the shale. Based on these results they will be able to spec out the right equipment for the distillation job and its by-products. They had planned doing this before Christmas, but the ATP office in Calgary had a fire incident and burned down the office. They have reorganized themselves and are back focussing on the sampling. Hatch has been a wealth of information on this project since they have been assisting in all kinds of oil shale projects around the world. Since they require more testing, the report will be delayed for a few more months, expect something by June – July, this will also include a 51-101 document, so it should be a full blown report that represents a value for the deposit.


With the Blackstone Petroleum name taking effect immediately, the company will start promoting its story on a more frequent base and has currently meetings set up with the institution investors from Toronto and New York. Marc did mention that there is starting to be more interest in regards to the oil shale side of the business as well established oil companies are investing big dollars to develop these types of deposits and investors are starting to follow that trend.


I expect the price to stay at these levels for the time being, once the company is starting to see results from its conventional plays and the pre-feasibility report coming out, one might see a share appreciation. The management team is defiantly on the right track. They have positioned themselves in some interesting plays for relatively good purchases. If one has time on its side than this play could pay off in a substantial matter. Like one poster said, where can you find a play like this for $0.05/share.


That is all can read from my notes. I will add on if I can think of anything else.



IMCO


Lana2010


over 13 years ago
LANA2010
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