Manganese X Energy Corp. has received written confirmation from Mountain Springs Oil and Gas Limited that MSOG expects the final definitive 15 % agreement will be received by Manganese X next week. The delay was caused due to the fact that MSOG's legal team is presently in Singapore this week engaged in prior work commitments. Manganese X will update the market by way of a news release by the end of next week. Manganese X [...]
Manganese X Energy Corp. is pleased to announce that it has been advised by Mountain Springs Oil and Gas Limited that it has completed its first oil and gas acquisition at the cost of $13 million dollars located in Western Canada that currently yields approximately $235,000 per month or $2.8 million per year pre- implementation of Schlumberger Heal Systems Technology. MSOG has also informed Manganese X that it is near [...]
Manganese X Energy Corp. announces that it has signed a Property Option Agreement with a group represented by Mr. Francois Marcotte prospector as well as Guy Le Bel, Michel Delise and Rémi Charbonneau . The Vendors will continue to assist the Company by managing the exploration program guided by their significant knowledge of the Property in conjunction with our vice president of exploration Roger Dahn P. Geo. The [...]
Manganese X Energy Corp. The Company is pleased to report that it recently received from the National Research Council a research proposal: "The potential of ore upgrading and purification techniques to produce battery grade material." The proposed project objectives and scope of work are based on email exchanges and documentation provided by MN. The proposed project objectives are to: i) identify a potential upgrading [...]
Manganese X Energy wishes to clarify its latest News Release dated June 14th 2018. Mountain Springs Oil and Gas Limited purchase price of their first oil and gas acquisition is $17.5 million dollars. Current annual positive cash flow from this project is estimated at $3,500,000. In addition Schlumberger's technology will also be utilized on this acquisition to increase the daily output of production. Mountain Springs is [...]
Manganese X Energy Corp. Michael Duggan, President of Mountain Springs Oil and Gas Ltd , on Tuesday, June 12th, has informed Manganese X that Mountain Springs are in the final stages of their due diligence to acquire an oil and gas property located in Central Alberta yielding net approximately $3.5 million per year. Due Diligence and, if successful, possession of the property are expected to be completed in 30 - 45 days [...]
Manganese X Energy is pleased to announce that negotiations with Calgary based Mountain Springs Oil and Gas Ltd. to acquire a 15 % equity interest in Mountain Springs are progressing well. Mountain Springs has advised that funding for the expected acquisitions by Mountain Springs will be secured through Integrated Asset Management Corp. and Stonebridge Financial. Manganese X has also been approved by the National Research [...]
Manganese X Energy is pleased to announce that it is in the process of completing its due diligence investigation and is progressing to acquire a 15 % equity interest in Calgary based Mountain Springs Oil and Gas Ltd. The purchase price will be $500,000 cash and 2,500,000. Manganese X Energy common Shares. Mountain Springs has a contract with Schlumberger, an oil and gas services company, to utilize Schlumberger's fully [...]
Manganese X Energy is pleased to announce that the Company has granted 950,000 incentive stock options to various Directors, Officers and Consultants. The options are exercisable at $0.20 per option for a period of 2 years from the date of grant and have no vesting conditions. The options are being issued under the terms of the Company's Stock Option Plans which were approved by shareholders at the Company's Annual [...]
Manganese X Energy is pleased to announce that it has signed a non-binding letter of intent to purchase, subject to board approval, a 15 % interest in a privately owned Canadian Oil and Gas company . Privateco will be named at a later date owing to the fact that it is presently engaged in negotiations for additional property acquisitions. Privateco has a contract with Schlumberger Ltd., an oil and gas services company [...]
Manganese X Energy is currently in negotiations to purchase an interest in a privately owned Canadian Oil and Gas company. Privateco has a contract with Schlumberger, an oil and gas services company to utilize a newly developed technology that increases oil and gas yields. Privateco will utilize this with their existing oil and gas properties as well as any future oil and gas acquisitions which have been approved by [...]
Manganese X Energy committed itself in early 2017 to achieve a fundamental understanding of the mineralogical composition of the various manganese bearing zones within its Battery Hill deposit to assist in its metallurgical evaluations. With the use of scanning electron microscopy, or Qemscan, X-Ray Diffraction and other techniques, the company was able to build an extremely detailed portrait of the various ore types [...]
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