Orofino Gold Corp. (Other OTC: ORFG.PK) has categorized the Senderos de Oro properties as good high priority, high return opportunities. These properties are in areas of known gold reserves, and have current small scale production of Gold. Recent samples returned values as high as 250 grams Gold with high copper values exceeding 10%. Geological trending indicates continuation at depth.
Porphyry-style copper+/- gold system as seen at several locations at Senderos de Oro and which are currently mined and milled by local artisanal miners who recover only the free gold with cut-off level at 90 grams/tonne. Soil Geo- Chemistry over a 450m by 1700 metres area has found it to be anomalous with gold with a potential to contain several hundred million tonnes to a depth of only 200 metres.
At the ORFG Senderos de Oro project, government recorded Gold production from the area has been significant with production records between 1987 to present of over 1,300,000 ounces. All production has been Artisanal (small miners) in nature and production continues to this day.
Orofino Gold Corp. is a new high growth gold company whose mandate is to acquire, explore and develop to compliant proven reserves major gold targets in historically rich gold bearing jurisdictions of Mexico and Colombia - two of the most significant gold producing countries in the world.
Last: $0.15
For more information about this company please visit http://www.orofinogold.com/
Noble Corp. (NYSE: NE) recently reported that it plans to report financial results for the second quarter of 2010 on Monday, July 19, 2010, after the close of trading on the New York Stock Exchange.
Recently NE being advised by one of its customers, Anadarko Petroleum, that they believe the drilling moratorium enacted by the U.S. Department of the Interior’s Minerals Management Service is a force majeure event under their contract on the Noble Amos Runner. The Company believes that Anadarko will attempt to terminate the contract by claiming a force majeure event. In response, the Company has advised Anadarko that it does not believe that the moratorium constitutes force majeure. The Company’s drilling units, including the Noble Amos Runner, are ready and able to drill and Anadarko is not prevented from using the unit on a variety of activities permissible under the contract, the moratorium or otherwise in their deep and diverse portfolio of international properties.
To date, the Company has not received any other contractual notifications from customers attempting to declare a force majeure event under their respective contracts. The Company does not believe that a force majeure event exists as a result of the moratorium or the oil spill, and, while the Company is working closely with its customers, it plans to enforce its contractual rights.
Noble continues to work closely with customers to identify opportunities to continue operations that are allowable under the current deepwater drilling moratorium or relocate the units outside of the U.S., as is customarily done with deepwater units,” said David W. Williams, Chairman, President and Chief Executive Officer of Noble Corporation.
Last: $31.59
For more information about this company please visit http://www.noblecorp.com
STEC, Inc. (Nasdaq: STEC) recently reported Company’s financial results for the first quarter ended March 31, 2010.
STEC revenue for the first quarter of 2010 was $38.8 million, a decrease of 38.9% from $63.5 million for the first quarter of 2009 and a decrease of 63.4% from $106.0 million for the fourth quarter of 2009.
GAAP gross profit margin was 34.0% for the first quarter of 2010, compared to 36.3% for the first quarter of 2009 and 50.9% for the fourth quarter of 2009. GAAP diluted loss per share from continuing operations was $0.11 for the first quarter of 2010, compared to GAAP diluted earnings per share of $0.07 for the first quarter of 2009 and $0.47 for the fourth quarter of 2009.
STEC, Inc. is a leading global provider of solid-state drive technologies and solutions tailored to meet the high-performance, high-reliability needs of original equipment manufacturers (OEMs). With headquarters in Santa Ana, California and locations worldwide, STEC leverages almost two decades of solid-state drive knowledge and experience to deliver the industry’s most comprehensive line of solid-state drives to the storage industry.
Last: $15.69
For more information about this company please visit http://www.stec-
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