daytrading march 8 pre-market, page-2

7 March Feeds:
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>Enerji (ASX: ERJ) has secured a purchase order from a top 200 ASX-listed mining company for installation preparation of a waste heat to power system at one of its operating gold mines in the Asia Pacific.
Significantly, this is the first mining customer to sign on with Enerji, and the mining company intends to enter into further agreements for waste heat to power systems at other mine sites it operates.


>Matsa Resources (ASX:MAT) soared over 22% after the company was granted the Symons Hill nickel-copper exploration licence in the Fraser Range in Western Australia.
Shares in Matsa hit a high of 47.5 cents before trending off around 46 cents or 21.05%.
The tenement includes E69/3070 where the company will explore at nickel-copper targets. The tenement is about 6 kilometres south-southwest of Sirius Resources' (ASX:SIR) Nova nickel-copper discovery


>Sunbird Energy (ASX: SNY) has received encouraging initial gas desorption measurements from the first core hole at its Mopane coal seam gas project in South Africa.
Gas content results of up to 7.54 cubic metres per ton exceed the independent best estimate of 2.83 cubic metres per ton.


>Aviva Corporation (ASX: AVA) is preparing to update the market on a proposed placement and board restructure and has gone into an ASX trading halt.
The halt will last until the earlier of an announcement being made available to the market, or the opening of trade on Monday 11 March.


>Petsec Energy (ASX:PSA) has started production at its fourth well in the Marathon gas/condensate field in the shallow waters of the Atchafalaya Bay offshore Louisiana.
Combined gross production rates from all the four wells in the Marathon field are in excess of 120 MMcf of gas per day and 300 barrels of oil per day.


>Helix Resources (ASX: HLX) has intersected 19.45 metres at 2.04% copper, 1.06g/t gold and 550ppm Mo from 85.05 metres in DDHHU-001, which is the maiden diamond drill hole at the Blanco Y Negro Mine Prospect.
The drilling confirms the presence of high grade copper and associated gold and molybdenum in a zone of brecciation and veining hosted in andesitic volcanics with a strike exceeding 500 metres. This result confirms the prospectivity of the target in a region with good infrastructure.


>Buru Energy (ASX: BRU) has encountered further gas shows and sand sections at its Yulleroo-4 well in the Canning Basin while drilling to its total depth of 3,846 metres.


>Drake Resources (ASX:DRK) has confirmed multiple conductors from ground and downhole electromagnetic surveys at its Granmuren copper-nickel discovery in Sweden.
This includes a very strong conductor responsible for the massive mineralisation and high nickel grades intersected in two holes. This conductor extends over a 200 metres strike length and is open at depth.


>Aurizon (ASX:AZJ) has secured a new long term contract from BM Alliance (BMA) and BHP Billiton Mitsui Coal (BMC) to haul up to 65 million tonnes per annum of coal from its operations in Queensland.


>Adcorp Australia (ASX: AAU) has received a 12 month extension to its contract for the provision of non-campaign master media agency services to the Australian Government.


>Liquefied Natural Gas Limited (ASX: LNG) has signed an exclusive binding Site Lease Option Agreement for its proposed Magnolia LNG Project in Louisiana.
The 30 year site lease with the Lake Charles Harbour and Terminal District Authority covers a 100 acre site for the development of an 8 million tonne per annum LNG export project.


>Golden Gate Petroleum (ASX: GGP) has recorded increases in production from three of its wells in Texas and Louisiana, bringing its average daily production up to 104.1 barrels of oil equivalent per day.
This flow rate in the second half of February compares to the production of 98boe per day for the two weeks from 1 February to 15 February 2013.


>Castle Minerals (ASX:CDT) has upgraded its Julie West gold resource in Ghana by 24% to 487,100 tonnes at 4.4 grams per tonne gold for 69,000 ounces.
The increase comes from the completion of a maiden resource estimate for the high grade Danyawu deposit that contains 72,100 tonne at 5.5 grams per tonne gold with 85% of these high grade ounces within 50 metres of the surface.


>Elemental Minerals (ASX: ELM) has appointed Cutfield Freeman & Co. as its financial advisor to assist in the search for potential joint venture partners for the Sintoukola Potash Project in the Republic of Congo.


>Sovereign Gold (ASX:SOC) will start a deep drilling program at its gold permits in New South Wales in April with the first target being a 730 metres long gold bearing structure.
The company's cooperation partner Jiangsu Geology and Engineering has purchased a track mounted deep drilling diamond drill rig.
Around 200 square kilometres has been covered with detailed geological mapping coupled with nearly 6,000 geochemical samples and geophysical surveys, including ground magnetics and induced polarisation.


>Fox Resources (ASX: FXR) is preparing to release an announcement on the raising of funds from a share placement, with the company granted a trading halt by the ASX today.
The company is planning a drilling program for its recently acquired Bundaberg Coal Project in Queensland.


>Pryme Energy (ASX: PYM) has achieved substantial oil and gas flows from its Rosewood 21H-1 well in the Turner Bayou project in Louisiana with peak oil production of 1,040 barrels of oil per day.
This also saw the flow of 1.85 million cubic feet of gas per day on a 15/64 inch choke.
Flow rates averaged 780 barrels of oil and 1.7MMcf per day in the following 12 hours with less than 15% water cut.


>Patrys (ASX:PAB) has reported positive safety data from the clinical trial of its multiple myeloma drug PAT-SM6 on the first cohort of patients.
Each of the three patients in this first cohort received a total of four doses of PAT-SM6, with each dose at 0.3mg per kilogram, intravenously over a two-week period.


>White Rock Minerals (ASX: WRM) has received further shallow gold assays that strengthen the case for the Red Rock Prospect’s inclusion as a new resource for the expanded mine plan for the Mt Carrington gold-silver project.
Results from the four new diamond drill holes include 88 metres at 0.9 grams per tonne gold from surface with 17 metres at 2.8g/t gold from 45 metres


>Austin Exploration (ASX: AKK) has produced 341.7 barrels of oil equivalent on a 1/64 inch choke under natural flow to the surface during a 12 hour test at the Pathfinder C11-12 No.1 Hz well in Colorado.
The BOE comprised 210.4 barrels of crude oil and total gas equivalent of 131.3 barrels (gas equivalent), and importantly the oil is a high quality light sweet crude with an API of 37 – 41. The GOR (Gas to oil ratio) is 3702 SCF/ STB (Standard Cubic Feet/ Standard barrels of oil).


>Sydney-based TZ Limited (ASX: TZL) has installed the first five smart lockers across Singapore, marking the completion of the first phase of the roll out of Singapore Post’s Smart Locker Network.


>Papillon Resources (ASX:PIR) has identified new gold mineralisation following drilling of further seven holes at its flagship Fekola project in Mali.
Broad zones of mineralisation intersected included 73 metres at 3.11 grams per tonne and 39 metres at 3.14g/t gold.
Initial results from shallow drilling within the corridor also provided intersections including 4 metres at 3.85 g/t.


>Antipa Minerals (ASX:AZY) has confirmed gold-copper mineralisation at Calibre prospect following the drilling of the third diamond hole at the Citadel project in Western Australia, which returned about 380 metres of unbroken mineralisation.
The Calibre mineralisation, after three diamond drill holes, is now confirmed across 160 metres of strike, down to a vertical depth below surface of over 420 metres and across a horizontal width of 280 metres, and open in all directions.


>WA-focused uranium developer, Toro Energy (ASX:TOE) has received $8 million from the drawdown of the first tranche of a $12 million convertible debt facility with Macquarie Bank.


>Sipa Resources’ (ASX: SRI) wholly-owned Ilgarari Copper Project in the Gascoyne Region of Western Australia as a Designated Property of its alliance with Antofagasta Minerals.
Antofagasta may earn a 51% interest in Ilgarari by spending $1 million in the first year and increase this to 70% by spending an additional $4 million by 13 February 2017.

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Source: Proactive Investors Australia