Tellus Resources Limited
Tellus also holds a 50% interest in PEL 105 in the highly prospective Cooper Basin in South Australia, the other 50% interest being held by Senex Energy Ltd. In addition, PNC has a 100% interest in ATP904P in the Surat Basin in Queensland, subject to ministerial approval.
News
Tellus Resources Limited (ASX:TLU) is pleased to announce that it has signed a Participation Agreement with a private US company whereby it has the rights to acquire up to an 83% participating interest and Operatorship in an exciting conventional oil-play located in Sevier County, Utah, named the Covenant Mondo Project ("CMP").
Asian Activities Report for May 26, 2011 includes: Tellus Resources Limited (ASX:TLU) has completed A$4.25 million initial public offering to fund gold projects in NSW; YTC Resources Limited (ASX:YTC) announced further drill results from the Hera Gold and Base Metals Project; Castle Minerals Limited (ASX:CDT) reported wide zones of gold mineralisation within its extensive Wa Project in Ghana; Mindoro Resources Limited (ASX:MDO) announced strong nickel results from the Bolobolo nickel target in the Philippines.
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