Gold Bugs AN INTERVIEW WITH BOB HOYE

AN INTERVIEW WITH BOB HOYE AND D. PESCOD

We are here today with Bob Hoye, who writes “Pivotal
Events” and he is one of those guys that had actually pre-
dicted what we’ve gone through for much of the last year.
And was it ugly! Now things seem to be going back to a
little bit of normality, and Bob is still not all that comfort-
able looking forward.

Dave Pescod: Bob, one thing that you do see with a good
future down the road is gold. First of all, how good do
you see it? Secondly, how long?

Bob Hoye: The thing about gold is that it is backwards to
what the gold bugs think. They get this idea that if the
U.S. dollar is going to go to zero, the price of gold will go
to $10,000. The gold miners will make so much money it
will make your head spin. The thing that they are missing
out is that for the last 20 years or so, every time the dollar
has been hit hard, commodities outperform gold on the
way up. If you have commodities such as crude oil out-
performing gold on the way up, then the cost of mining
gold is going up. So the ideal condition for your basic
gold bug is backwards.

What you want to do is watch
what happens and study previous post-bubble contrac-
tions and the evidence is reliable over 300 years. On
every bubble, the real price of gold declines and gold min-
ing underperforms the market because everybody is in
love with base metals, stocks and high-tech stocks.

Once the bubble is over, then the price of gold outperforms eve-
rything else as stocks, corporate bonds and commodities
head down.

That then restores profitability to the gold
mining business. This is where we are now.
With the belated boom our gold divided by commodity
index declined to 143 in May of 2007 and it was that May
and June that we were also expecting the credit market to
reverse eventually to a disaster.

So what you’ve had
since that spring is the real price of gold went up, and the
credit markets went down and commodities went down.

By our index, the real price of gold got up to over 500 and

then we saw that the crash was getting close to ending in
which case things could get rather good until around mid-

With the good stuff coming back into the orthodox world,

our real price of gold then has declined to about 300.

The main thing is on gold is just that increase over the

last two years reflects an increase in operating margins

and it has not been fully priced into the senior stocks

yet. The reason for that on the initial rebound out of the

disaster, we figured that most stock sectors would out-

perform gold stocks. Once this daylight in here rolls

over, then stocks and corporate bonds and commodities

are going to head down. That won’t be good for gold

stocks, but what it is building to is by late in the year,

this could be another disaster in which case it’s time to

be buying your favorite gold stock from the seniors

down to the juniors.

What you end up with in a few years after the top of any

bubble, the gold stocks will be very much up and the rest

of the stock market i.e.: New York and Toronto will be

very much down. This is just not imagination going be-

cause this is the way gold, the real price, and gold min-

ing stocks have performed through and following previ-

ous great bubbles.

D.P: Now according to your issue of August 6th, you

were expecting gold and related shares to start doing

some significant moving, potentially as early as the New

Year. You have these own ratios that you’ve got in the

gold price, but for the average investor out there, what

kind of a gold price and American dollar do you think

we’ll be looking at down the road?

B.H: It’s already gone up significantly in real terms. It

will go up and continue to go up. In previous post-

bubble contractions (can be called Great Depressions)

they’ve lasted for about 20 years and through that period

gold mining became the premier and the most reliable

side of the economy. So this one is what we are shaping

up for. There is very little point in forecasting the price

of gold in dollar terms. For those who want to trade gold

against US dollars or gold against Canadian dollars or

gold against sterling or gold again the Yen, go ahead –

do it. But if you want to invest and make some money

out of the gold mining business, you will watch the real

price of gold.

Most gold-bug clichés are just distraction.

D.P: Another commodity that you have been looking at

as well is oil. I think a lot of peak oil people or people in

Calgary will be a little concerned when you use the anal-

ogy of oil to peak coal?

B.H: Yeah! In a long period of rising prices, intellectu-

als go weird! The 1860’s were the end of a 20-year pe-

riod of rising prices when prices went up and politics

got hysterical.

The leading economist of the day was

Stanley Jevons and he did some important work in eco-

nomics, but he also suddenly came up with a personal

revelation that the world was about to run out of coal.

He calculated all of the reserves and all the mines in

England and Wales and Europe and he assumed a min-

ing depth of 4000 feet and said the world was going to

run out of coal and civilization as they knew it, will end.

We will all go back to hardship and hard labor and all

that sort of stuff. Then he flattered his readers in his

book called “The Coal Question” by saying that you had

to have a special intellect to be able to understand the

disappearance of coal and that is was almost a religious

experience! Now the thing that Jevons didn’t grasp was

that you had exceptionally high prices at the end of a

long period of rapid price inflation.

And then it all goes

away and nature being what it is, there are still ample

reserves of coal. The price will go up and down and I

expect the same parallel would work on the guys who

dressed up this peak oil thing. The work that Jevons did

was painstaking in documenting all of the reserves and

he proved that they were going to run out!

D.P: If you were someone advising Calgary, you’d be

saying that oil could see $50 again or is it worse?

B.H: Probably worse. We had sort of a favorable sea-

son through the summer for crude oil and we had an

overbought (a couple of months ago) at first to $73 and

expected a correction. That’s run its course, but now

what we’ve got is that we are at an important low for the

U.S. dollar index.

It stabilized the last few days, so it’s

not like anybody is going to firm up the U.S. dollar. What

it seems to be is that when the street wants to speculate

in oil or base metals, then the dollar will go down. Then

when that speculation has run its course, then the dollar

goes up. Last year, one of the best calls we did based

on this historical work was that we were expecting the

deterioration in the credit markets would continue. Last

fall, we expected another 1873, 1929 crash which we did

get. We knew that in both of those crashes in the fall,

the price of gold fell with the crash and so did gold

stocks. So it was very easy this time around to say yeah

– if we have another crash, the price of gold is going to

go down…like it did.

So at any rate, the credit markets have been quite

happy lately along with the recovery being quite ani-

mated and is close to running its course, so I think that

you can have another credit crisis and it could get

rather nasty in the fall and I think you will see most

stock sectors go down including the gold sector. What

we do when we see the probability of that is to advise

people to lighten up on the senior gold’s. If you had

some really good joy in some small cap stocks, great –

take some money off the table and short the big silver

stocks. On any hit in a post-bubble credit contraction,

silver will plunge relative to gold.

That’s what we had

last year. So you can make some nice money being

short silver stocks and then reposition in gold stocks

on the next low.

D.P: All this is rather depressing. Are you suggesting

down the road we are going to see 15% unemployment

and businesses going bust all over?

B.H: You know that last fall the establishment was very

quick to defend itself by saying this is not another de-

pression because in the last depression, unemploy-

ment got to 25%. Unemployment didn’t get to 25% until

1933, so what you are interested in is what the rate of

unemployment is the year after the stock market had

its high. It was 9% in 1930 and now it’s around 9%, but

that’s on a new calculation of unemployment. I just

saw one today by John Williams and if you use the old

method of 15 years ago, we are already at 12% or 14%

in the U.S.

D.P: So an average person these days should be

what? And once again, the key work is “average” per-

son…

B.H: The average person’s portfolio whether it is in an

RRSP or not will have had a very good appreciation

since the disaster ended in early March.

Time to take

some money off the table on most stock groups. On

corporate bonds – they have had a fabulous rally. Junk

bonds were yielding 10% at the high of the market in

October 2007 and early March they were yielding 42%.

A bond at par would have fallen to about $28.00 and

now it has rallied all the way to a 17% yield.

The whole

world is playing it leveraged so if you have any of these

lovely corporate bonds, long-dated, it is time to get out.

If you are long commodities, it’s time to get out and

then I would apply that money to your mortgage and

your house to get rid of debt.

Delphi Energy to Acquire Fairmount Energy

Delphi Energy to Acquire Fairmount Energy


09:00 EDT Friday, August 21, 2009

CALGARY, ALBERTA--(Marketwire - Aug. 21, 2009) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Delphi Energy Corp. ("Delphi") (TSX:DEE) and Fairmount Energy Inc. ("Fairmount") (TSX VENTURE:FMT) are pleased to announce that they have entered into an acquisition agreement (the "Acquisition Agreement") pursuant to which Delphi has agreed, subject to the terms of the Acquisition Agreement, to make an offer to acquire all of the outstanding common shares of Fairmount (the "Offer") on the basis of 0.3571 of a common share of Delphi for each common share of Fairmount. The total consideration paid by Delphi for Fairmount is approximately $14.5 million, including the assumption of approximately $7.3 million of net debt and transaction costs of approximately $1.4 million.

The Offer will be made pursuant to a take-over bid and will be conditional on not less than 66 2/3% of the outstanding Fairmount common shares (calculated on a fully-diluted basis) being tendered to the Offer and will be subject to other customary conditions. Fairmount has approximately 16.3 million common shares outstanding. The take-over bid circular is expected to be mailed to Fairmount shareholders on or about August 28, 2009 and will expire 35 days thereafter.

All of the directors and senior officers of Fairmount (holding approximately 23.43% of the issued and outstanding common shares of Fairmount on a diluted basis), have entered into lock-up agreements with Delphi pursuant to which they have agreed to tender their common shares to the Offer.

Transaction Highlights

The acquisition of Fairmount is a strategic addition to the natural gas and infrastructure asset acquisition announced on August 4, 2009 by Delphi, adding to its focus area of North West Alberta. With the Fairmount acquisition, Delphi furthers its position as one of the leading junior producers in this attractive, multi-zone resource region. The acquisition of Fairmount provides several benefits to Delphi shareholders:

- The acquisition of proved reserves of 872,000 barrels of oil equivalent (boe) and proved plus probable reserves of 1,596,000 boe, effective March 31, 2009, in accordance with NI 51-101, as estimated by GLJ Petroleum Consultants Ltd.;

- Incremental liquids-rich natural gas production of 330 boe/d and productive capacity of 400 boe/d;

- Attractive reserves and production acquisition costs as follows:


Adjusted Acquisition Metrics(1)
Proved Reserves $14.49 per boe
Proved Plus Probable Reserves $7.92 per boe
Production - current $38,300 per boe/d
Production - capability $31,600 per boe/d


(1) Adjusted for undeveloped land value of $1.9 million,
calculated as $110 per acre on 17,300 net acres of undeveloped
land.


- Increased inventory of growth opportunities between Hythe and Bigstone areas including Nikanassin resource potential;

- Reduced operating and processing costs; and

- Annual general and administrative savings of approximately $1.0 million.

Upon closing on August 31, 2009 of the previously announced property acquisition of Gold Creek/Wapiti assets, Delphi will own working interests in the infrastructure required to transport and process Fairmount's current and shut-in production, providing the opportunity to increase production to approximately 400 boe/d, with the infrastructure capacity to provide further growth on Fairmount lands.

To view the Property Acquisition, please visit the following link: http://media3.marketwire.com/docs/property_acquisition_0821.pdf

Shareholders of Fairmount are expected to benefit from the transaction through the ability of Delphi to transport and process Gold Creek production through equity-owned facilities and infrastructure and an opportunity to participate in a larger oil and natural gas company providing greater liquidity for Fairmount shareholders.

The Offer has the unanimous support of the boards of directors of both Delphi and Fairmount. Fairmount's board of directors, after consulting with its financial and legal advisors, has unanimously determined that the Offer is fair, from a financial point of view, to the holders of Fairmount common shares and is in the best interests of Fairmount and has determined to recommend acceptance of the Offer by holders of Fairmount common shares. Peters & Co. Limited, the financial advisor to Fairmount's board of directors, has provided a verbal opinion that the consideration to be received by the holders of Fairmount common shares under the Offer is fair, from a financial point of view, to such holders.

The board of directors of Fairmount has agreed that it will not solicit, assist, initiate, knowingly encourage or otherwise facilitate any negotiations or discussions with any third party concerning the sale of Fairmount. Fairmount has agreed, under certain circumstances, to pay to Delphi a termination fee of $400,000. Delphi also has the right to match any unsolicited offer or proposal that Fairmount may receive.

Peters & Co. Limited is acting as financial advisor and Macleod Dixon LLP is acting as legal counsel to the board of directors of Fairmount with RBC Capital Markets acting as financial advisor and Osler, Hoskin & Harcourt LLP acting as legal counsel to Delphi.

This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States or any other jurisdiction outside of Canada, nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The common shares of Delphi have not been, and will not be, registered under the U.S. Securities Act of 1933 Act, or any state securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act of 1933 Act and applicable state securities laws.

About Delphi:

Delphi is a Calgary-based company that explores, develops and produces oil and natural gas in Western Canada. The Company is managed by a proven technical team. Delphi trades on the Toronto Stock Exchange under the symbol DEE.

About Fairmount:

Fairmount is a junior oil and natural gas exploration, development and production company with oil and gas properties located in Alberta, Canada.

Conference Call

A conference call is scheduled for 9:30 a.m. Mountain Time (11:30 a.m. Eastern Time) on Friday, August 21, 2009. The conference call number is 800-565-0813 or 416-695-6616. A brief presentation by David Reid, President and CEO and Brian Kohlhammer, VP Finance & CFO will be followed by a question and answer period.

If you are unable to participate in the conference call, a taped broadcast will be available until August 28, 2009. To access the replay, dial 800-408-3053 or 416-695-5800. The passcode is 7086317. An audio version will also be available on Delphi's website at www.delphienergy.ca.

Petrolifera announces pricing of equity offering .88 cents

Petrolifera announces pricing of equity offering


10:49 EDT Friday, August 21, 2009

<< /NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/ >>


CALGARY, Aug. 21 /CNW/ - Petrolifera Petroleum Limited (the "Corporation" or "Petrolifera" - PDP - TSX) is pleased to announce that it has priced its previously announced public offering (the "Offering") of units ("Units"). Pursuant to the Offering, the Corporation will issue 56,820,000 Units at a price of $0.88 per Unit. Each Unit will consist of one common share in the capital of the Corporation (each, a "Common Share") and one-half of one Common Share purchase warrant of the Corporation (each whole Common Share purchase warrant, a "Warrant"). Each Warrant will entitle the holder thereof to purchase one Common Share (each a "Warrant Share")

at an exercise price of $1.20 per Warrant Share at any time up to 5:00 pm (Calgary time) on the date which is 24 months after the closing date of the Offering. In the event that the 20-day volume weighted average price of the Common Shares on the Toronto Stock Exchange (or such other stock exchange or quotation system on which the Common Shares are listed and where a majority of the trading volume occurs), exceeds $2.50,

the Corporation may, within five business days after such an event, provide notice to the holders of Warrants ("Warrantholders") of early expiry and thereafter the Warrants will expire on the date which is 10 days after the date of the notice to the Warrantholders. The Offering will be conducted through a syndicate of underwriters with Thomas Weisel Partners Canada Inc., Cormark Securities Inc. and RBC Capital Markets as co-lead underwriters and including GMP Securities L.P., Tristone Capital Inc., Scotia Capital Inc., Jennings Capital Inc., Octagon Capital Corp. and D&D Securities Company (collectively, the "Underwriters"). Pursuant to the terms of the Offering, the Corporation has agreed to grant the Underwriters an over-allotment option to purchase additional Units equal to up to 15% of the Units sold pursuant to the Offering, exercisable at any time, in whole or in part, up to 30 days from the closing of the Offering.

Connacher Oil and Gas Limited ("Connacher"), a significant shareholder of the Corporation, has indicated its intention to purchase 13,558,540 Units being offered pursuant to the Offering. Following completion of the Offering, Connacher will continue to own approximately 24 percent of the outstanding Common Shares (approximately 22 percent if the Over-Allotment Option is exercised in full).






The net proceeds of the Offering will be used by the Corporation to fund a portion of its exploration capital expenditure program, primarily in Colombia during the balance of 2009 and into 2010, to reduce indebtedness relating to the Corporation's reserve-backed credit facility and for working capital.

The Units will be sold publicly in each of the provinces of Canada, other than Québec, on a private placement basis in the United States pursuant to exemptions from the registration requirements of the U.S. Securities Act of 1933, as amended (the "1933 Act"), in the United Kingdom in accordance with applicable local securities legislation and regulations such that no prospectus, registration statement or similar document is required to be filed in any such jurisdiction and such other jurisdictions as may be agreed to by the Corporation and the Underwriters. The Offering is scheduled to close on or about August 28, 2009 and is subject to certain customary conditions and regulatory approvals, including but not limited to the approval of the Toronto Stock Exchange.


This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States or any other jurisdiction outside of Canada, nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The Units offered, including Common Shares and Warrants which comprise such Units, have not been, and will not be, registered under the 1933 Act, or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the 1933 Act and applicable state securities laws.


Petrolifera Petroleum Limited is a Calgary-based crude oil, natural gas and natural gas liquids exploration, development and production company with operations in Argentina, Colombia and Peru. The Corporation's main production platform is at Puesto Morales Norte in Argentina. Extensive undeveloped lands are held in all three countries, including three licenses in Peru and three blocks in Colombia.


Forward-Looking Statements: This news release contains certain "forward-looking information" within the meaning of applicable securities law including statements regarding the proposed use of proceeds of the Offering. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "would", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur. These statements are only predictions. Forward-looking information is based on the opinions and estimates of management at the date the information is provided, and is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. These factors include the inherent risks involved in the exploration and development of oil and natural gas properties and the possibility of unanticipated costs and expenses. Completion of the proposed Offering is subject to certain risks and uncertainties including receipt of all required regulatory approvals, including from the Toronto Stock Exchange and the satisfaction of all conditions to closing. For a description of the risks and uncertainties facing Petrolifera and its business and affairs, readers should refer to Petrolifera's Annual Information Form for the year ended December 31, 2008. Petrolifera undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change, unless required by law. The reader is cautioned not to place undue reliance on forward-looking statements.





For further information: Richard A. Gusella, Executive Chairman, or Gary D. Wine, President and Chief Operating Officer, or Kristen Bibby, Vice President, Finance and Chief Financial Officer, Phone: (403) 538-6201, Fax: (403) 538-6225, inquiries@petrolifera.ca, Website: www.petrolifera.ca

© Copyright Canada Newswire

Bankers, but now the easy money has probably been made

BANKERS PETROLEUM

(T-BNK)

$3.77 +0.02

PAINTED PONY PETROLEUM

(V-PPY.A)

$3.69 +0.09

Sometimes you take a trip and it makes a difference and

the one trip we’ve made in the last year or so that has made

a huge difference to us, was our trip to Albania. We had an

incredibly gracious host in Abby Badwi as we went to see

their Patos Marinza project in southern Albania. Along for

the trip was Bryan Slusarchuk, the President of Tirex Re-

sources, the mining company with assets in northern Albania

and Bryan was also a Bankers shareholder.

To see the country once so poor, now catching up and

embracing a new economy was heart-warming. To see no

McDonalds, KFC or anything the west takes for granted was

also a taste of their future to come. To see the amazing

beaches yet to be developed and to see the three quarters of

a million bomb shelters Hoxha had built and wasted the

countries resources on, showed some of their disappointing

past.

But to see first-hand the thousands of old Chinese and

Russian relics of rigs on Bankers property that just went on

and on and on, suggested that Bankers was onto something

that could be big. Very big.

We’ve written about it several times over the last while,

but the story really got going—and we have to credit Kevin

Shaw of Wellington West, when he wrote a 32-page report on

Bankers published on July 9th that made Bay Street realize

that Bankers was more about a reserve play than cash flow

and production.

The stock has more than doubled since Kevin’s report

went out and I think he gained a lot of fans because of the

reports importance and significance. We’ve enjoyed the run

on Bankers, but now the easy money has probably been

made and now it will take real production and cash flow in-

crease with the new technology to justify higher prices.

Given time, we expect that it will happen and sometime,

like Rally Energy, Badwi will sell the company to somebody

really big.

In the meantime, we were wondering what Kevin Shaw’s

next report would be on, while he is currently in Albania

touring Bankers property. His newest report just out fea-

tures Painted Pony. We thought we would be looking for

something splashy and pizzazzy with huge upside, not a

mere 40% return on a stock that was big on natural gas at a

time the world is lousy with gas and it has already been writ-

ten up by people like Keith Schaefer of Oil and Gas Invest-

ments.

Disappointing…? Hoping for something more? Well,

probably, but the point should be made that is there is going

to more consolidation in the Bakken, Painted Pony is one of

the few players left with a huge land holding in that area and

yes, a take over on Painted Pony is rumoured by some.

The Gartman Letter Interesting Read

Dennis Gartman publishes his 10 Rules of Trading.

I thought the best use of your time today would be to share some of his rules with you. In Gartman’s own words…

1. Never, ever, ever add to a losing position: To do so will eventually and absolutely lead to ruin. Remember Long Term Capital Management and its legion of Nobel laureates who broke this rule repeatedly and went into forced liquidation. Learn this lesson well and early!

2. Capital comes in two varieties: Mental capital, and that which is in your account: Of the two, mental capital is the more important. Holding losing positions costs measurable sums of actual capital, but it costs immeasurable sums of mental capital.

3. The objective is not to buy low and sell high, but to buy high and to sell higher: We can never know what price is “low.” Nor can we know what price is “high.” Always remember that Nortel fell from $85/share to $2 and seemed “cheap” all times along the way.

4. “Markets can remain illogical longer than you or I can remain solvent,” is a brilliant statement from our good friend, Dr. A. Gary Shilling. Illogic often reigns and markets are inefficient despite what the academics try to tell us.

5. Sell that which shows the greatest weakness, and buy that which shows the greatest strength: Metaphorically, when bearish, throw rocks into the wettest paper sack, for they break most readily. In bull markets, ride the strongest winds.

6. Think like a fundamentalist; trade like a technician: It is imperative that we understand the fundamentals driving a trade, and that we understand the market’s technicals also. When we do, then, and only then, should we trade.

7. Understanding psychology is usually more important than understanding economics: Markets are driven by human beings making human errors and also making super-human insights.

8. Be patient with winning trades; be enormously impatient with losing trades: Remember, it is quite possible to make large sums trading/investing if we are “right” only 30% of the time, as long as our losses are small and our profits are large.

9. The Hard Trade is the Right Trade: If it is easy to sell, don’t; and if it is easy to buy, don’t. Do the trade that is hard to do and that which the crowd finds objectionable. Peter Steidelmeyer taught us this 25 years ago and it holds truer now than then.

10. There is never one cockroach: Bad news begets bad news, which begets even worse news.

Anonymous Accumulation Is Happening- But Read This 1st

Fundamental Data - ENERGY FUELS INC.

Security Type Equity Shares Issued 76,482,602

Year High 0.71
Year Low 0.11

Annual Earnings/Share -0.08 CAD

P/E Ratio -4.19

CASEY ENERGY SPECULATOR - Recent Company News

7-24-2009

Comments:

The amalgamation of Magnum and Energy Fuels (T.EFR) is a great deal for both parties, since it combines the development projects of Energy Fuels with the exploration potential of San Rafael held by Magnum Uranium.

The combined entity also should have enough cash to make an enticing takeover target for a larger company. However, in a weak uranium market, we will be placing our bets on companies that have projects further in development and not such high capital expenses to start with.

When the uranium market begins to pick up again, we may re-recommend Energy Fuels as a buy. For now, we are closing our position on Energy Fuels, as it is turning into a development story, and away from our original reasons for investing in Magnum Uranium.

Canadian Arrow Announces Non-Brokered Private Placement

Canadian Arrow Announces Non-Brokered Private Placement

cnw

SUDBURY, ON, Aug. 19 /CNW/ - Canadian Arrow Mines Limited (CRO: TSX-V) (the "Company") is pleased to announce that subject to regulatory acceptance, the Company is arranging a non-brokered private placement consisting of up to 30,000,000 flow-through shares and up to 20,000,000 units of the Company ("Units") at a price of $0.05 flow-through share and $0.05 per Unit for gross proceeds of up to $2,500,000. Each Unit will consist of one common share of the Company and half of one common share purchase warrant (each whole such warrant, a "Warrant"). Each whole Warrant will entitle the holder thereof to acquire one common share of the Company for a period of 18 months at a price of $0.10 per common share.


The proceeds from the private placement will be used to advance exploration on its Kenbridge nickel project, its other regional projects and to provide the Company with additional working capital.


All securities issued in connection with this financing will be subject to a four-month hold period.


The Company may pay a finders' fee of up to 5% of the gross proceeds in connection with a portion of the financing.


It is anticipated that the financing will close on or about August 28, 2009.

This press release may contain "forward-looking statements" within the meaning of the Canadian securities legislation and the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements are made as of the date of this press release and the Company does not intend, and does not assume, any obligation to update these forward-looking statements.

BNK Ran Up Big Again Today - Nice To Make Some $ For A Change

markets seem to be acting as if the world has a future,

UCORE URANIUM

The markets seem to be acting as if the world has a fu-
ture, particularly in the commodities sector and some of the
mining stories that looked like they were dead as a doornail
a while ago, are coming back to life.
Today Ucore Uranium has a huge spurt, mainly because of
moves made by the Chinese government. In an announce-
ment today Ucore Uranium commented on yesterday’s an-
nouncement by the Chinese Ministry of Information Technol-
ogy as the Chinese intend to tighten the production of rare
earth over the next six years.

Beijing is also expected to
restrict the export of its rare earth over this period with the
annual export quota to be below 35,000 tons per year.
This involves commodities I am sure you’ve never heard
of such as dysprosium, terbium, thulium, lutetium and yt-
trium. Got that? Yes, I’m sure you’ve never heard those
names before, but all of a sudden you are hearing names
like lithium everywhere, so get used to this name.
Ucore, according to their announcement is one of only
two companies in North America

with a perspective deposit
that hosts a comprehensive suite of HREE. Further, they
point out in the announcement, that it’s the only such com-
pany located within the United States.
Another near-dead mining story, regains life. One could
take a look at some reports about this Vulcan deposit and be
impressed...as a non-compliant report suggested an esti-
mated 374 million pounds of rare earth oxides at Bokan.
More than a few shares out on UCU due to recent private
placements.

Keith Schaefer of the Oil and Gas Investments newslet- ter writes today

Keith Schaefer of the Oil and Gas Investments newslet-

ter writes today about Bernstein analyst Benjamin Dell

“showing overall decline rates in natural gas from 15% in

1992 to 25% in 2000 and 29% in 2008, and this higher de-

cline rate will help lower production. First year production

declines were much sharper—62% for horizontals and 45%

for non-horizontals.” Bernstein and Co. had a very bullish

report published just recently.

Schaefer continues, “And of course they are right. Pro-

duction is already decreasing, and natural gas prices and

stocks will go higher sometime—but it’s the timing that

has investors confused. Will investments in natural gas

stocks be dead money for a long time or are these stocks

on the cusp of a major recovery?

Schaefer continues, “How important would that be for

investors? Most Canadian gas stocks have almost no

positive cash flow right now, have used up 70% or more of

their debt capacity, and yet have stock prices that are al-

ready pricing in $5-$6 gas.

High profile market commentator Josef Schachter pub-

lished in his most recent “Maison Monthly” of August

12th, “We remain concerned about the rising crude and

product inventories in the U.S. We expect energy prices

to decline into the October shoulder season and for the

S&P/TSX Energy Index to retreat.” But then he gets hope-

ful and writes, “Investors should buy during this weak-

ness.”

Some of his charts showing the huge builds in inven-

tory for both oil and natural gas, Schachter looking at the

natural gas situation writes, “With the price of natural gas

declining to uneconomic levels, and the resultant fiscal

discipline of a drilling decline—the question becomes;

why is storage rising?”

He then looks at two companies, Encana in Canada and

Chesapeake in the States and notes that both of them

have very successful hedging programs. Encana with two

thirds of its production hedged at $9.13/mcf and Chesa-

peake with 90% of its production at a very decent price of

$7.30/mcf. However, once we get into next year, suddenly

those hedges are gone. Schachter then writes, “It is our

contention that once the strong hedge books are used up,

producers will face reality and be forced to shut in high

cost production. This window for significant production

declines, just before winter, could set the stage for a mod-

est price recovery. If winter is very cold and inventories

shrink faster than normal, a more robust price outlook

may occur.

Schachter continues, “As a result of the present ex-

cess in storage, deliverability and weak demand, we see it

necessary to again lower our price outlook.”

As far as his conclusions, Schachter writes:

The price recovery for natural gas may take longer

than current expectations due to excessive invento-

ries, continued shale gas additions and strong hedg-

ing profits that end for most companies at the end of

this year. Only then will fundamentals finally set the

stage for a recovery in late 2010.

Into late September and through October, we see sig-

nificant erosion in the stock prices of natural gas

companies. If so, we would move to a bullish posture

again and would recommend investors become fully

invested in their favorite natural gas securities.

Our top picks for purchase during the upcoming cor-

rection from the Maison Universe are: Delphi Energy

(DEE), Galleon Energy (GO), Questerre Energy (QEC) and

Vero Energy (VRO).”

The Toronto stock market tumbled alongside indexes all over the world Monday amid growing signs of American consumer weakness.

Sharp selloff jolts markets

Time To Buy CLL

Connacher Updates Corporate Slide Presentation on Website

CALGARY, Aug. 17, 2009 (Canada NewsWire via COMTEX) -- (Canada NewsWire)
Connacher Oil and Gas Limited (CLL-TSX) announced today that it has posted an updated corporate slide presentation on its website at www.connacheroil.com. Click on the Investor Information link and go to Presentations.

Connacher Oil and Gas Limited is a Calgary-based bitumen, crude oil and natural gas company. It is primarily an oil sands company, with operations at its 10,000 bbl/d Great Divide Pod One SAGD plant in northeastern Alberta and with plans to construct its second similar sized SAGD project at Algar. It owns conventional Canadian production and reserves and Connacher also owns a 9,500 bbl/d heavy oil refinery in Great Falls, Montana and a 24 percent equity stake in Petrolifera Petroleum Limited (PDP-TSX), a successful production and exploration company active in Argentina, Colombia and Peru in South America. Connacher's shares and convertible debentures are listed for trading on the Toronto Stock Exchange.

SOURCE: Connacher Oil and Gas Limited
Richard A. Gusella, President and Chief Executive Officer, OR Grant D. Ukrainetz, Vice President, Corporate Development, Phone: (403) 538-6201, Fax: (403) 538-6225, inquiries@connacheroil.com, Website: www.connacheroil.com
Copyright (C) 2009 CNW Group. All rights reserved.

2009 a summer of 50 year olds- not your mother or grandmother 4 sure

las vegas - miss 50 year old

boys who said life doesn't start at the age of fifty !!!!!

Organizers confirmed that they’re all 50 years old.

The event took place in las vegas

Miss 50 years old

See all the pictures here

And talk about being stacked check out these racks below

Talk about German efficiency! The two photos below were taken at a new parking garage in Munich. The actual space that the facility occupies is approximately only 20% of a comparable facility with the traditional design that is used primarily in the US.

Not only is the German structure less expensive to build, but vehicles are also "retrieved" in less time and without the potential of being damaged by an attendant.


These photos are authentic, though mislabeled. What you actually see above is the interior of a 20-storey car tower in Volkswagen's Autostadt or "car city" in Wolfburg, Germany — basically a car dealership and theme park rolled into one.

The Autostadt, which opened in 2001 and boasts a hotel, restaurants, a museum, and other attractions, sees over 1 million visitors per year. Car buyers take delivery of their purchases via a fully automated procedure whereby the automobile is plucked robotically from a cubbyhole in one of the two "twin towers," each of which holds up to 400 vehicles, and brought to its owner on a special elevator.

Image credit notes: The top image has been previously credited in news stories to AP photographer Fabian Bimmer, who in all likelihood is also responsible for the second one.

TSX rises 1.55 percent to 10,825.56

TSX rises 1.55 percent to 10,825.56

* Mining, energy, industrials lead broad rally

* Surprise European growth helps sentiment

TORONTO, Aug 13 (Reuters) - Toronto's main stock index rose
sharply on Thursday as surprisingly strong European economic
data buoyed sentiment and commodity prices, sparking a
resource-led rally.

Reports showing recessions in Germany and France ended in
the second quarter overshadowed disappointing U.S. retail sales
and weekly jobless claims data, and allowed investors to become
increasingly more comfortable with risk in their portfolios.

Copper rallied to a 10-month peak on the strong sentiment
and gold rose on concerns about inflation, boosting the TSX
index's materials sector by 2.84 percent. Energy issues gained
1.88 percent as oil also ended higher.

"It does seem as though it's the premise that the North
American and global economies are strengthening," said Elvis
Picardo, analyst and strategist at Global Securities in
Vancouver.

"It's a good rally on the back of that sentiment."

Among materials issues, Pan American Silver jumped
10.4 percent to C$22.53, and copper and gold producer Quadra
Mining rose 7 percent to C$12.51.

Among oil and gas producers, Talisman Energy
gained 3.7 percent to C$17.55, while Nexen jumped 3.6
percent to C$23.41.

Altogether, the Toronto Stock Exchange's S&P/TSX index
climbed 165.69 points, or 1.55 percent, to end at 10,825.56.

($1=$1.09 Canadian)
(Reporting by Cameron French; editing by Peter Galloway)

Pescod asks is Natural Gas finding a bottom?

For anyone who has been through the markets over the
last year, you know we’ve experienced something the likes
of which hasn’t been seen in a few generations. Not every-
one agrees that we are going back to more normal times—
whatever they are, but for those who were brave enough
five and six months ago to tiptoe back into the market, aver-
age down or whatever, there have been some amazing re-
wards.

At least for those stories that didn’t go bankrupt,
there have been some amazing rewards.

We’ve seen everything from base metals to oil to trans-
portation companies to you-name-it rebound significantly in
the last while, but there are two sectors that we have yet to
see much joy return. One is uranium and the other is natu-
ral gas.

If anything, natural gas has been steadily getting worse.
That doesn’t mean there is a lack of interest though be-
cause everyone assumes if you could figure out the bottom
for the gas cycle, there will be some abundant rewards
there as well.

One key is the absolutely outrageous volume being
traded on natural gas ETF’s, which tells you there are more
than a few people trying to pick the bottom.

For some thoughts on natural gas and when to get ex-
cited, we go to Doug Bartole, the well thought of President
of Vero Energy, one of the lower cost producers in the natu-
ral gas field.

Bartole’s first comments to us is about how it
has been the first of times...first of all, with so many drills
turning, so many wells drilled both in the United States and
Canada, it just provided the huge supply and then with the
economic landscaping getting lambasted, hitting industrial
demand, and now he points out we’ve even had a cool sum-
mer which has meant not many in Chicago, New England or
Eastern Canada have needed to turn on the air-conditioners
on at all.

As the key for investors as to when to get into the mar-
ket, Bartole looks at one number and that’s the number of
rigs that are turning. “It’s all about the rig numbers” he
suggests and he is rather frank in suggesting he wouldn’t
mind seeing gas in the $3.50—$4.00 area for a while as it
would keep the rig counts down.

In the meantime, for the second quarter he can see a
drop of natural gas supply in the United States of as much
as 4 1/2 to 5 BCF by the second quarter next year and 1 to 1
1/2 BCF in Canada because of current decline rates of al-
most 30% from producing wells.

Some of the excitement from the shale plays in the
United States which has caught the market’s attention he
also suggests are interesting because they produce big
flush production that sees dramatic drops in that produc-
tion.

Gusella sells out shareholders again

Petrolifera shares drop after equity offering plan

Thomson Reuters


TORONTO, Aug 13 (Reuters) - Shares of Petrolifera Petroleum
fell almost 20 percent on Thursday after the small,
Canadian-based energy company unveiled a plan to offer up to
C$50 million ($45.9 million) in common share and warrants.

Petrolifera, which operates in Argentina, Colombia and
Peru, was down 25 Canadian cents at C$1.09 in afternoon trading
on the Toronto Stock Exchange. The stock has fallen in the past
year from a high of C$5.84.

Calgary-based Petrolifera said it planned to use the
proceeds from the offering to help fund its exploration program
and reduce debt, as well as for working capital.

Common equity offerings can dilute the existing shareholder
base, which can then cause the market value of the shares to
drop.

($1=$1.09 Canadian)

PDP Surprises No One With This Offering After Price Collapsed from $3.50 1 mth ago

Petrolifera announces equity offering

cnw


CALGARY, Aug. 12 /CNW/ - Petrolifera Petroleum Limited (the "Corporation" or "Petrolifera" - PDP - TSX) is pleased to announce that it has filed a preliminary short form prospectus in each of the provinces of Canada, other than Quebec, in connection with a public offering (the "Offering") of units ("Units") of Petrolifera for aggregate gross proceeds of up to $50 million. Each Unit will consist of one common share in the capital of the Corporation (each, a "Common Share") and one-half of one Common Shares purchase warrant of the Corporation (each whole Common Share purchase warrant, a "Warrant"). The Offering will be conducted through a syndicate of underwriters (the "Underwriters") which will be led by Thomas Weisel Partners Canada Inc., Cormark Securities Inc. and RBC Capital Markets. Pursuant to the terms of the Offering, the Corporation has agreed to grant the Underwriters an over-allotment option to purchase additional Units equal to up to 15% of the Units sold pursuant to the Offering, exercisable at any time, in whole or in part, up to 30 days from the closing of the Offering.

The Offering will be priced in the context of the market with the final terms of the Offering, including the terms of the Warrants, to be determined at the time of pricing. The net proceeds of the Offering will be used by the Corporation to fund a portion of its exploration capital expenditure program, primarily in Colombia during the balance of 2009 and into 2010, to reduce indebtedness relating to the Corporation's reserve-backed credit facility and for working capital.

The Units will be sold publicly in each the provinces Canada, other than Quebec, on a private placement basis in the United States pursuant to exemptions from the registration requirements of the U.S. Securities Act of 1933, as amended (the "1933 Act"), in the United Kingdom in accordance with applicable local securities legislation and regulations such that no prospectus, registration statement or similar document is required to be filed in any such jurisdiction and such other jurisdictions as may be agreed to by the Corporation and the Underwriters. The Offering is scheduled to close on or about August 28, 2009 and is subject to certain customary conditions and regulatory approvals, including but not limited to the approval of the Toronto Stock Exchange.

This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States or any other jurisdiction outside of Canada, nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The Units offered, including Common Shares and Warrants which comprise such Units, have not been, and will not be, registered under the 1933 Act, or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the 1933 Act and applicable state securities laws.


Petrolifera Petroleum Limited is a Calgary-based crude oil, natural gas and natural gas liquids exploration, development and production company with operations in Argentina, Colombia and Peru. The Corporation's main production platform is at Puesto Morales Norte in Argentina. Extensive undeveloped lands are held in all three countries, including three licenses in Peru and three blocks in Colombia.


Forward-Looking Statements: This news release contains certain "forward-looking information" within the meaning of applicable securities law including statements regarding the proposed use of proceeds of the Offering. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "would", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur. These statements are only predictions. Forward-looking information is based on the opinions and estimates of management at the date the information is provided, and is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. These factors include the inherent risks involved in the exploration and development of oil and natural gas properties and the possibility of unanticipated costs and expenses. Completion of the proposed Offering is subject to certain risks and uncertainties including market risk with respect to marketing and pricing of the Units, receipt of all required regulatory approvals, including from the Toronto Stock Exchange, completion of due diligence by the Underwriters and the satisfaction of all conditions to closing. For a description of the risks and uncertainties facing Petrolifera and its business and affairs, readers should refer to Petrolifera's Annual Information Form for the year ended December 31, 2008. Petrolifera undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change, unless required by law. The reader is cautioned not to place undue reliance on forward-looking statements.


For further information: Richard A. Gusella, Executive Chairman or Kristen Bibby, Vice President, Finance and Chief Financial Officer, Phone: (403) 538-6201, Fax: (403) 538-6225, inquiries@petrolifera.ca, Website: http://www.petrolifera.ca/

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

These Days Markets Feel Like 1 Tequila Over The Line

Tequila (Spanish pronunciation: [teˈkila]) is an agave-based spirit made primarily in the area surrounding the city of Tequila, 65 kilometres (40 mi) northwest of Guadalajara, and in the highlands (Los Altos) of the western Mexican state of Jalisco. The volcanicsoil in the region surrounding Tequila is particularly well suited to the growing of the blue agave, and more than 300 million of the plants are harvested there each year.^[1] Mexican laws state that tequila can be produced only in the state of Jalisco and limited regions in the states of Guanajuato, Michoacán, Nayarit, and Tamaulipas.^[2]

Tequila is most often made at a 38–40% alcohol content (76–80 proof), but can be produced between 35–55% alcohol content (70–110 proof).^[3]

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TSX tops 11,000 Green shoots begin to bloom: Condo sales are up; auto news is (a bit) brighter

Economy on the rebound TheStar.com - Business - Economy on the rebound
RICK MADONIK/TORONTO STAR FILE PHOTO
Green shoots begin to bloom: Condo sales are up; auto news is (a bit) brighter and

TSX tops 11,000
August 05, 2009
Tony Van Alphen
Tony Wong
Business Reporters

Fresh evidence of a rebounding Canadian economy surfaced yesterday in the form of encouraging sales figures in the Toronto condo market and surprisingly resilient July auto sales.

The good news comes on the heels of Bank of Canada Governor Mark Carney's declaration last month that Canada's recession would come to a screeching halt this quarter. And Prime Minister Stephen Harper said yesterday that he thinks the worst of the economic slump is behind us, even though signs of growth remain tentative.

Data from market research firm Urbanation Inc., shows condo sales here might have bottomed in the first three months of the year and rebounded in the quarter ending June 30. Condominium sales are a key barometer of the health of the new home market in Toronto.

Last year, condos represented almost half of all new home sales.

After three consecutive quarters of sliding sales, Toronto condo sales hit 2,963 units in the second quarter. That's up a massive 223 per cent from the dismal 917 unit sales in the year's first quarter. Sales are still down by 40 per cent, however, from the second quarter of last year when 4,962 units were sold.

"This is certainly better than most people had expected," Ben Myers, executive vice-president of Urbanation, said of the numbers. He said July numbers are also expected to be positive but cautioned there are still many units under construction, which could create a glut later this year and next.

In the auto sector yesterday, there was news that sales were down 6.4 per cent in July over the same month last year. It was the ninth consecutive monthly decline for the Canadian market, but it was the smallest drop over that time period.

Economist Carlos Gomes, an auto analyst with Scotiabank Group, said the July performance reinforces his firm's view "that an industry revival has begun." Ford Motor Company of Canada Ltd., posted a stunning 47.4 per cent peak in sales.

Investors had reason to be happy yesterday. Toronto's S&P/TSX composite index soared 230.95 points to 11,018.10, surpassing the 11,000 mark for the first time since Oct. 1, 2008. The market, which bottomed out at 7,566.9 on March 9, has risen by 45 per cent since.

With files from the Star's wire services

Will Cro Be Next To Be Merged Or Bought Out?

Victory Nickel Gains Strong New Strategic Investor


10:03am ET (INW)


August 4, 2009 - Victory Nickel Inc. ("Victory Nickel" or the "Company") (TSX: NI) (www.victorynickel.ca) today announced that it has gained a strong new strategic investor as the result of a transaction whereby Nuinsco Resources Limited (TSX: NWI) has sold its approximate 14.7% interest in Victory Nickel to a subsidiary of Jilin Jien Nickel Industry Co., Ltd. ("Jilin Jien"), along with 11,850,876 rights to acquire 2,962,719 units of Victory Nickel pursuant to the terms of Victory's rights offering dated June 24, 2009.

Jilin Jien, headquartered in the City of Panshi, Province of Jilin, China, is an integrated mining, smelting, refining and chemical production company. Jilin Jien now owns 49,721,786 Common Shares of Victory Nickel, representing approximately 18.9% of the issued and outstanding Common Shares of Victory. On a partially diluted basis, assuming that Jilin Jien exercises all of its rights pursuant to the terms of the rights offering, Jilin Jien will own approximately 19.9% of the issued and outstanding Common Shares of Victory.

"Jilin Jien is a strategic investor with credentials, expertise and a long-term outlook that will benefit all Victory Nickel stakeholders," said Victory Nickel's Vice-Chairman and CEO Rene Galipeau. "Its acquisition of this stake in Victory Nickel represents the culmination of a relationship begun some time ago and is a vote of confidence in Victory Nickel as well as in the outlook for the metals markets, and we are pleased to have them as a strategic investor."

"We have been following the developments of Victory Nickel for quite some time now, and are pleased to have acquired this equity investment," said Mr. Wang Xingrui, Vice-President of Jilin Jien. "Large-scale sulphide nickel deposits in premier mining regions are becoming increasingly difficult to find, but there is significant exploration upside present at Minago, as well as three other Canadian sulphide nickel deposits, Lynn Lake, Mel and Lac Rocher. We see Victory Nickel as an important part of our long term growth plan in nickel."

Conference Call and Webcast

The Company will hold an investor conference call at 2:00 pm on Wednesday August 5, 2009 to discuss this transaction and to answer any questions shareholders may have. The dial-in numbers to participate are 416-695-6617 and 800-766-6630. The conference call will also be webcast, and can be accessed at http://events.digitalmedia.telus.com/nuinsco/080509/index.php and at the Company's website, www.victorynickel.ca.

About Jilin Jien

Jilin Jien Nickel Industry Co., Ltd. is an integrated nonferrous metals enterprise, located in Panshi City, Jilin Province (China), and principally involved in the production and sale of nickel sulfate, nickel matte, electrolytic nickel, nickel hydroxide, nickel chloride, copper sulfate, copper concentrate and sulfuric acid. Jilin Jien's shares trade on the A-share market of the Shanghai Stock Exchange with stock code of 600432.

About Victory Nickel

Victory Nickel Inc. is a Canadian company with four sulphide nickel deposits containing significant 43-101-compliant nickel resources. Victory Nickel is focused on becoming a mid-tier nickel producer by developing its existing properties, Minago, Mel and Lynn Lake in Manitoba, and Lac Rocher in northwestern Quebec, and by evaluating opportunities to expand its nickel asset base. Victory Nickel also owns approximately 6% of Wallbridge Mining Company Limited (TSX: WM) the third largest landholder in the Sudbury Basin.

For further information, please visit the Company's website at www.victorynickel.ca. Should you wish to receive Company news via email, please email catarina@chfir.com and specify "Victory Nickel" in the subject line.

Forward-Looking Information: This news release contains forward-looking information. All statements, other than statements of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future (including, without limitation, statements regarding estimates and/or assumptions in respect of production, revenue, cash flow, costs, economic return, net present value, mine life and financial models, mineral resource estimates, potential mineralization, potential mineral resources, timing of possible production, the Company's development plans and objectives and the strategic investment of Jilin Jien in the Company) constitute forward-looking information. This forward-looking information reflects the current expectations or beliefs of the Company based on information currently available to the Company. Forward-looking information is subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking information, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on the Company.

Factors that could cause actual results or events to differ materially from current expectations include, among other things: failure of the strategic investment of Jilin Jien in the Company to benefit the Company and its stakeholders, uncertainty of estimates of capital and operating costs, production estimates and estimated economic return; the possibility that actual circumstances will differ from estimates and assumptions; uncertainties relating to the availability and costs of financing needed in the future; failure to establish estimated mineral resources; fluctuations in commodity prices and currency exchange rates; inflation; recoveries being less than those indicated by the testwork carried out to date (there can be no assurance that recoveries in small scale laboratory tests will be duplicated in large tests under on-site conditions or during production); changes in equity markets; operating performance of facilities; environmental and safety risks; delays in obtaining or failure to obtain necessary permits and approvals from government authorities; unavailability of plant, equipment or labour; inability to retain key management and personnel; changes to regulations or policies affecting the Company's activities; the uncertainties involved in interpreting geological data; and the other risks disclosed under the heading "Risk Factors" and elsewhere in the Company's annual information form dated March 31, 2009 available on SEDAR at www.sedar.com. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainty therein.

Contacts: Victory Nickel Inc. Rene Galipeau or Sean Stokes
SOURCE: Victory Nickel Inc.



Cro Could Be Next!




- This company has connections to very well funded mining operations through decades of experience. I believe Mr. Tyler when he says they are speaking with 5 strategic partners for completion of there project through joint ventures. Joint venture speculation could drive our sp into a frenzy.



- The drill program which comprised our 253 million dollar property is open at depth and further drilling could significantly increase the resource. Some of our strongest results were on outer edges of the drill zone. De-watering of the 2500 meter mine shaft will allow them to get at these areas. The intersection I speak of is the 7% nickel over 5 meters that intersection comes from the end of the drill core. Further exploration could offer up amazing results. 0 summer 2008 drill results out, any significant finds in mine ready atikocan or kenora/dryden properties will lift stock.

- The company has contractual agreements with Opiwica explorations (OPW) on the TSX.V to mill there major gold and copper find with in close proximity of Canadian Arrows Planned site. Mining could begin on both projects in early 2010. This represents earnings and is a good partnership for a company seeking to be the next significant Nickel Copper producer in Canada.

- Canadian Arrow has the ability to produce nickel in its mine at 3.47 per pound nickel. That kind of number is unheard of in comparison to other mines. With production scheduled for early 2010 (around the same time our economy should be significantly rebounding) what if nickel prices return back to 15 dollars per pound? This site will look like a gem to any investor! (plus the property would be worth about 400mil at 15 dollars per pound nickel.

This is just a few of the key points that I believe make this company look attractive. If my predictions are correct we will see a significant rebound to normal multiples over the course of the next couple of months and with any significant news pertaining to my points and our sp and volume will be sent soaring. JV with cash on the books and abilitiy to help put project into production will send our sp back to .50 if not higher! I am Bull on Canadian Arrow mines.

Source

Review This .pdf 12 page report:

http://www.chfir.com/CRO_Valuation/CRO_ValuationReport.pdf

Delphi Announces Property and Infrastructure Acquistion

Anonymous Has Moved Out Of Dee

Delphi Announces Property and Infrastructure Acquistion


09:00 EDT Tuesday, August 04, 2009

CALGARY, ALBERTA--(Marketwire - Aug. 4, 2009) - Delphi Energy Corp. ("Delphi" or "the Company") (TSX:DEE) is pleased to announce that it has entered into an agreement to acquire certain natural gas weighted properties located in the Gold Creek/Wapiti areas ("the Properties") of North West Alberta, strategically located between the Company's Hythe and Bigstone core properties. Delphi has also signed an agreement with a third party to dispose of 40 percent of the acquired working interest in the Properties following closing of the acquisition. The following acquisition details represent Delphi's net working interest after the disposition, unless otherwise indicated.

The acquisition has an effective date of June 1, 2009 and is expected to close on or about August 31, 2009 for a net cash purchase price, subsequent to the disposition, of approximately $11.8 million.

Transaction Highlights

The acquisition provides the following financial and operating benefits to shareholders:

- Incremental production of 400 barrels of oil equivalent per day (boe/d) and Proven plus Probable reserves effective May 31, 2009 of 1,431,000 barrels of oil equivalent (boe);

- Ownership in strategic infrastructure including three natural gas processing plants with a combined through-put capacity of 720 million cubic feet per day, ten compressor stations and 393 kilometers of gathering and transportation pipelines;

- Attractive reserves and production acquisition costs, excluding approximately $1.0 million allocated to undeveloped land, as follows:


$/BOE

Proved reserves excluding future development capital ("FDC"): $12.61
Proved reserves including FDC $19.82

Proved Plus Probable reserves excluding FDC $7.43
Proved Plus Probable reserves including FDC $12.48

Production addition costs per flowing boe $26,600


- Significant development opportunities on the Properties, providing Delphi with an increased inventory and the ability to continue its strategy of adding low cost production and reserves through multi-zone exploitation;

- Increase in Delphi's undeveloped land position by eight percent to approximately 135,000 net acres. Delphi has internally ascribed approximately $1.0 million of value to the undeveloped land; and

- Provides additional leverage to rising natural gas prices.

Acquired Properties

The Company's net acquisition will be approximately 400 boe/d comprised of 77 percent natural gas and 23 percent oil and natural gas liquids. Proven reserves of approximately 843,000 boe and Proven plus Probable reserves of 1,431,000 boe have been evaluated by an independent third party in accordance with NI 51-101.

Key gas plant infrastructure being acquired includes a working interest in the Devon Wapiti Deep Cut Gas Plant, Devon Wapiti Shallow Cut Gas Plant and the BP South Wapiti Gas Plant, ten compression stations and approximately 393 kilometres of pipelines that gather and transport natural gas from an extensive land base and interconnect the three natural gas plants. In addition to the owned capacity, the three natural gas plants have excess processing capacity to accommodate significant growth opportunities that the Company has identified in the area.

To view a map of the area, please visit the following link: http://media3.marketwire.com/docs/804dee.jpg.

The acquisition is consistent with Delphi's strategy of acquiring multi-zone, sweet gas and natural gas liquids production in the Deep Basin with significant low risk development potential coupled with ownership in key gas infrastructure to support future growth. The Properties are characterized by the same producing zones Delphi is currently exploiting at the Bigstone and Hythe core properties including the Doe Creek - Dunvegan, Paddy - Cadotte, Spirit River - Falher, Bluesky - Gething and Nikanassin formations. The acquisition complements the Company's successful exploitation track record of production growth which includes the use of leading technologies to access underdeveloped reservoirs in North West Alberta. An internal review of the acquired properties has identified numerous drilling, completion and optimization projects which have the potential to double the current production and reserve levels.

The Properties are situated on approximately 50,800 (20,360 net) acres of land (excluding near-term expiries), of which approximately 22,000 (9,930 net) acres are undeveloped. The Company believes upside potential exists on the 9,930 net acres of undeveloped land, an eight percent increase to Delphi's undeveloped land position. There are an additional 55,300 (29,200 net) acres of undeveloped land that expire within the next 12 months that the Company is evaluating for upside and continuation opportunities.

Guidance

The net cash to close the acquisition of approximately $11.8 million, before closing adjustments, will initially be funded from the Company's credit facilities. Delphi will subsequently reduce the remainder of its second half field capital program and allocate a greater portion of its cash flow to debt reduction to maintain its overall guidance of lowering net debt by approximately $2.0 - $4.0 million by December 31, 2009 as compared to the previous year end. Since the acquisition will initially replace field capital projects, Delphi continues to maintain overall average production guidance of 6,500 to 7,000 boe/d and cash flow expectations of $38.0 to $43.0 million for the year.

Delphi Energy is a Calgary-based company that explores, develops and produces oil and natural gas in Western Canada. The Company is managed by a proven technical team. Delphi trades on the Toronto Stock Exchange under the symbol DEE.

Forward-Looking Statements. This release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. The use of any of the words "expect", "anticipate", "continue", "estimate", may", "will", "should", believe", "intends", "forecast", "plans", "guidance" and similar expressions are intended to identify forward-looking statements or information.

More particularly and without limitation, this release contains forward looking statements and information relating to the Company's risk management program, petroleum and natural gas production, future funds from operations, capital programs, commodity prices, costs and debt levels. The forward-looking statements and information are based on certain key expectations and assumptions made by Delphi, including expectations and assumptions relating to prevailing commodity prices and exchange rates, applicable royalty rates and tax laws, future well production rates, the performance of existing wells, the success of drilling new wells, the capital availability to undertake planned activities and the availability and cost of labour and services.

Although the Company believes that the expectations reflected in such forward-looking statements and information are reasonable, it can give no assurance that such expectations will prove to be correct. Since forward-looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, the risks associated with the oil and gas industry in general such as operational risks in development, exploration and production, delays or changes in plans with respect to exploration or development projects or capital expenditures, the uncertainty of estimates and projections relating to production rates, costs and expenses, commodity price and exchange rate fluctuations, marketing and transportation, environmental risks, competition, the ability to access sufficient capital from internal and external sources and changes in tax, royalty and environmental legislation. Additional information on these and other factors that could affect the Company's operations or financial results are included in reports on file with the applicable securities regulatory authorities and may be accessed through the SEDAR website (www.sedar.com). The forward-looking statements and information contained in this press release are made as of the date hereof for the purpose of providing the readers with the Company's expectations for the coming year. The forward-looking statements and information may not be appropriate for other purposes. Delphi undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

Basis of Presentation. For the purpose of reporting production information, reserves and calculating unit prices and costs, natural gas volumes have been converted to a barrel of oil equivalent (boe) using six thousand cubic feet equal to one barrel. A boe conversion ratio of 6:1 is based upon an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. This conversion conforms with the Canadian Securities Administrators' National Instrument 51-101 when boes are disclosed. Boes may be misleading, particularly if used in isolation.

Non-GAAP Measures. The release contains the terms "funds from operations", "funds from operations per share", "net debt", "cash operating costs" and "netbacks" which are not recognized measures under Canadian generally accepted accounting principles. The Company uses these measures to help evaluate its performance. Management considers netbacks an important measure as it demonstrates its profitability relative to current commodity prices. Management uses funds from operations to analyze performance and considers it a key measure as it demonstrates the Company's ability to generate the cash necessary to fund future capital investments and to repay debt. Funds from operations is a non-GAAP measure and has been defined by the Company as net earnings plus the addback of non-cash items (depletion, depreciation and accretion, stock-based compensation, future income taxes and unrealized gain/(loss) on risk management activities) and excludes the change in non-cash working capital related to operating activities and expenditures on asset retirement obligations and reclamation. The Company also presents funds from operations per share whereby amounts per share are calculated using weighted average shares outstanding consistent with the calculation of earnings per share. Delphi's determination of funds from operations may not be comparable to that reported by other companies nor should it be viewed as an alternative to cash flow from operating activities, net earnings or other measures of financial performance calculated in accordance with Canadian GAAP. The Company has defined net debt as the sum of long term debt plus working capital excluding the current portion of future income taxes and risk management asset/liability. Net debt is used by management to monitor remaining availability under its credit facilities. Cash operating costs have been defined as the sum of operating expenses, transportation expenses, general and administrative expenses and interest costs.

FOR FURTHER INFORMATION PLEASE CONTACT:

Delphi Energy Corp.
David J. Reid
President & CEO
(403) 265-6171

URSA Major Minerals Withdraws From Proposed Business Combination With Canadian Arrow Mines - Quick Facts

URSA Major Minerals Inc.(UMJ.TO: News ) announced that it will not be proceeding with the proposed business combination with Canadian Arrow Mines Ltd. that was previously announced on May 25, 2009. URSA Major has not been able to reach an agreement with Canadian Arrow on certain matters.

Richard Sutcliffe, URSA Major's CEO stated ""With improving nickel prices, URSA Major will now focus efforts on preparations for resuming mining at Shakespeare and to revitalizing exploration on the companyPublish Post's advanced targets."

http://www.rttnews.com/Content/CanadianNews.aspx?Node=B1&Id=1018659

Canadian Arrow announces appointment of George E. Pirie to Board; Withdraws from business combination

    SUDBURY, ON, July 28 /CNW/ - Canadian Arrow Mines, Limited. (CRO: TSX-V) ("Canadian Arrow" or the "Company"), is pleased to announce the appointment of Mr. George Edward Pirie, B. Com (Hons), to the Board of Directors. Mr. Pirie is President, Chief Executive Officer and Director of Breakwater Resources Limited.     Mr. Pirie has 29 years experience in the mining business. In 1980 he was with Pamour Porcupine Mines, a division of Noranda, and then joined Dome Mines Limited in 1985. In 1991 he was transferred to Vancouver Corporate Offices of Placer Dome Inc. Mr. Pirie held various progressive positions in a number of Placer's divisions over approximately 20 years, including Chief Financial Officer, Placer Dome North America; Chief Financial Officer, Placer Dome Canada; President and CEO, Placer Dome Canada; and Executive Vice President, Placer Dome Inc. Mr. Pirie has served on a number of boards including the Mining Association of Canada.     Mr. Dean MacEachern, CEO and director of Canadian Arrow stated, "We are extremely pleased to have the support and enthusiasm of a man of Mr. Pirie's calibre. His accomplishments, reputation and leadership are well known in the industry and provide a tremendous vote of confidence in the Company's future growth plans."     He further stated, "Mr. Pirie's considerable depth and breadth of experience in the fields of corporate finance, strategic corporate development, exploration and executive management with major mining companies will considerably enhance Canadian Arrow's team as it develops its Kenbridge nickel project into production."     The Company also announced today that it will not be proceeding with the proposed business combination with Ursa Major Minerals Incorporated that was previously announced on May 25, 2009, as it has not been able to reach an agreement with Ursa on certain matters.      About Canadian Arrow Mines:      Canadian Arrow Mines Limited is an experienced exploration and mine operating team that is focused on acquiring and developing economically viable nickel sulphide deposits near existing infrastructure. Arrow operates in north-western Ontario, Canada, near the towns of Kenora and Dryden. The Company's main priority is the Kenbridge Nickel Project, a nickel-copper sulphide deposit containing over 44,000 tonnes of nickel in the measured & indicated classes, (Sedar, Aug. 19, 2008), as follows:      -   Measured Resource: 3,546,000 tonnes grading 0.45% nickel,         0.24% copper, 0.015% cobalt.      -   Indicated Resource: 3,593,000 tonnes grading 0.79% nickel,         0.42% copper, 0.018% cobalt.      The deposit remains open in three directions, is equipped with a 620 m shaft and has never been mined.      (*) National Instrument 43-101: Mr. E. Puritch, P. Eng.,         Ms. Tracy Armstrong, P.Geo., and Antoine Yassa, P.Geo. of P&E Mining         Consultants Inc. are the independent qualified persons for the         Kenbridge resource estimates.      Mineral resources which are not mineral reserves do not have demonstrated economic viability. The estimate of mineral resources may be materially affected by environmental, permitting, legal, title, socio-political, marketing, or other relevant issues.     Additional information on Canadian Arrow is available on SEDAR at www.sedar.com.           If you would like to receive press releases via email please                          contact: julia@chfir.com.                  THIS PRESS RELEASE WAS PREPARED BY MANAGEMENT                WHO TAKES FULL RESPONSIBILITY FOR ITS CONTENTS.       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..      %SEDAR: 00008534E