Company Overview and News
Pioneer Resources Ltd’s (ASX:PIO) intersection of three spodumene-bearing pegmatites at the Mavis Lake Lithium Project marks the start of a 1200 metre drilling campaign.
Pioneer Resources Ltd (ASX:PIO) will use results from a new drilling program in final mine planning and scheduling for the caesium deposit at its Sinclair Zone Project in Western Australia.
As a result of key Eagle Ford players shifting focus from the Eagle Ford (detailed in Part 2), the play’s production volumes are being driven by companies such as Chesapeake Energy (CHK) and EOG Resources (EOG). In total, only ~20 operators brought wells online in early 2017, down from approximately 35 operators in early 2016. (80-1)
According to a study by BTU Analytics, the Eagle Ford’s average operated oil production volumes declined in 2016 compared to the average 2015 oil production volumes for the top ten operators by 2016 volumes. (5-1)
Conoco produced only ~20,000 boe/d in the Permian last year, but plans quadruple that over the next three years. (3-1)
Pioneer Resources Ltd (ASX:PIO) is aiming to unlock the potential of its wholly-owned Golden Ridge Cobalt Project, located on the Blair Dome in Western Australia’s Eastern Goldfields. (1-0)
Diamondback out-performed when WTI was $40/bbl, and will certainly outperform with WTI=$55/bbl, which is where it currently trades.
A lot of good things have happened for Sayona Mining [ASX:SYA] (OTC:DMNXF) in the past month. When I mentioned them in my first articles, they were a promising lithium miner in need of cash. Today they have A$5 million in cash, have discovered possible gold-bearing conglomerate in their Pilbara properties, and an MOU (memorandum of understanding) was signed with leading China-based battery manufacturer Huan Changyuan Lico Co Ltd, subsidiary of Fortune 500 company China Minmetals Group. (1-0)
Pioneer Resources Ltd (ASX:PIO) has commenced drilling at its Pioneer Dome Lithium-Caesium-Tantalum Project located mid-way between Kalgoorlie and the port of Esperance in Western Australia.
Pioneer Resources (ASX:PIO) notes that interest in the Pilbara region for gold has recently surged as explorers test the hypothesis proposed by Dr Quinton Hennigh of Novo Resources (CVE:NOV). (2-1)
Pioneer Resources (ASX:PIO) has completed its oversubscribed share purchase plan (SPP) which raised $4.37 million by issuing 312.36 million shares.
Alongside the September share placement which raised $1.3 million, this takes the total capital raising to $5.6 million.
Pioneer Resources Ltd's (ASX:PIO) shares have opened 4.4% higher at $0.024 this morning, with 1.8 million traded in the first 15 minutes.
Pioneer Resources (ASX:PIO) has a new substantial holder as Nero Resource Fund Pty Ltd now holds 60.7 million shares in the company. (1-0)
2017-12-11 - Wilton
2017-12-11 - Wilton
2017-12-03 - Wilton
2017-11-27 - Wilton