African Eagle Resources, Caza Oil & Gas, Ferrex and President Energy to present at Proactive
The mining and oil sectors take centre stage when the next Proactive big top event rolls into town on Thursday, January 17 for our first event of 2013.
The directors of African Eagle Resources, Caza Oil & Gas, FerrEX and President Energy will be presenting from 6pm in London.
It's been a busy year for African Eagle Resources (LON:AFE), which continues to develop its flagship Dutwa nickel project in Tanzania and excitingly for investors, 2012 has seen a new resource estimate on the project, while a key bankable feasibility study (BFS) is earmarked for next year. Dutwa is now world-class at 107 mln tonnes at 0.92% nickel and a recent maiden resource at nearby Zanzui could potentially expand the project.
Caza Oil and Gas (LON:CAZA, TSE:CAZ) shares have tripled in value in the last six months and last month unveiled a US$22 mln funding package to accelerate development at its hugely exciting Bone Springs play in New Mexico. Chief executive Mike Ford will bring us up to date on the play, which could hold as much as 9.1mln barrels of proven and probable reserves, according to a 2011 reserve report, and give us the low-down on the rest of the company's activities.
Also on the agenda is Ferrex (LON:FRX). Chief executive Dave Reeves will be bringing us bang up to date on the firm, which has made rapid recent progress. The economics of its Malelane iron ore project in South Africa was significantly boosted recently with its net present value increasing by 65% to US$523mln, while it expects to complete a definitive feasibility study for its Nayega manganese project in the first quarter of next year.
Meanwhile, shares in President Energy (LON:PPC) have risen around 25% in the last three months and this month unveiled that an independent CPR had confirmed the prospectivity of its new concessions in Paraguay. The report showed estimated the mean recoverable oil resources were 159 mln barrels, with 94 mln barrels net to the company. Chief executive of this exciting company John Hamilton will be on hand to tell us more.
DATE: Thursday 17th January 2013
TIME: 5:45pm arrival for a prompt 6:00pm start
VENUE: Chesterfield Mayfair Hotel, 35 Charles Street, Mayfair, W1J 5EB
ROOM: Charles Suite (1st floor)
MAP: See here for map
OTHER: Complimentary wine & canape reception
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