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I received 2 answers slightly different from the one you got Trueblue, this appears to be a Zecco only problem, I had shareholders tell me they bought some today with various brokers.
The first thing I was told by a Zecco rep on the phone was that the DTC fees went up and they were not doing transactions at this time for Copper CREEK mining. LOL
The DTC fees went up for all brokers, and as far as not being "Non-DTC eligible" I think that is a load of crap, according to the list from the Transfer agent, the DTC holds over a billion shares (CEDE)
Hey Guys,
I think I have figured out why the price has dipped a little. It appears as though Zecco has increased their fees substantially to buy CPRKQ. I called them and was told that because of increased DTC fees I would have to pay them for certificates on any new shares. Most of you will remember last year Zecco was one of the few brokers allowing buys for a while and many CPRK shareholders switched their accounts to them. I have confirmed that there are NO problems with Scottrade, TDAmeritrade, ETrade, or Fidelity, but with Zecco account users not being able to buy (or costing them a great deal more) I think it has taken a little price support away.
Personally I think I am transferring my shares in my Zecco accounts to Fidelity, or I may just get the actual certificates. I am going to one of their branch offices either today or tomorrow, I had some problems with Zecco on another company I own and this is the last straw with them for me. I guess service is not a top priority for a "discount" broker. I have enjoyed the free trades with Zecco, but they have now eliminated those and raised their prices.
Will let you guys know how it goes.
Somebody sent me a note about my last post, I left the word "saw" out of it, for clarification, here it is again. LOL.
That was really strange, I saw some sell at .0025 while there were bids stacked at .0027
Looks like the last sale went through at .0028
Maybe somebody just wanted out of 5 million shares quickly.
That was really strange, I some sell at .0025 while there were bids stacked at .0027
Looks like the last sale went through at .0028
Maybe somebody just wanted out of 5 million shares quickly.
All:
It would be preferable to us if you would take the time to attend the upcoming Annual & Special Meeting however, we realize geographically this isn’t always possible so......TVI is going out to stakeholders for questions that they would like answered at the upcoming Annual & Special Meeting of Shareholders.
As we note on our Website, we encourage dialogue with investors on Facebook and post regularly to Twitter. This is another example of trying to address issues/concerns in an open and transparent way. We welcome your questions. We’ll do our best to reply either during the presentation at the AGM or at the Q&A session at the end. We won’t acknowledge personal attacks or foul language (#fail) whereas, adding to the discussion = #win.
Click here to submit your questions http://bit.ly/iS0jZV
Regards,
Rhonda
Rhonda Bennetto | Exec. Director IR
desk 403.233.6506
mobile 403.389-4633
TVI Pacific Mining in the Philippines
2000, 736-6 Ave SW | Calgary, Alberta, Canada T2P 3T7
Connect With Us:
http://www.tvipacific.com
www.twitter.com/tvipacific
www.facebook.com/tvipacific
All:
It would be preferable to us if you would take the time to attend the upcoming Annual & Special Meeting however, we realize geographically this isn’t always possible so......TVI is going out to stakeholders for questions that they would like answered at the upcoming Annual & Special Meeting of Shareholders.
As we note on our Website, we encourage dialogue with investors on Facebook and post regularly to Twitter. This is another example of trying to address issues/concerns in an open and transparent way. We welcome your questions. We’ll do our best to reply either during the presentation at the AGM or at the Q&A session at the end. We won’t acknowledge personal attacks or foul language (#fail) whereas, adding to the discussion = #win.
Click here to submit your questions http://bit.ly/iS0jZV
Regards,
Rhonda
Rhonda Bennetto | Exec. Director IR
desk 403.233.6506
mobile 403.389-4633
TVI Pacific Mining in the Philippines
2000, 736-6 Ave SW | Calgary, Alberta, Canada T2P 3T7
Connect With Us:
http://www.tvipacific.com
www.twitter.com/tvipacific
www.facebook.com/tvipacific
I have traded quite a few "Q" stocks over the years, I think this one will drop sub-penny pretty quickly. The initial drop is often the steepest, then a bounce back and then trickle back down over the next week. I feel bad for all you guys who are holding, but there will be some great trading upcoming.
Wow !! That was quick. I am going to put you in for a raise !!
Looks like a lot of folks picked the 33, hmmmmm if it was his fault it would really help me out....
I think it was the 17 as well, thought it may have been the 33 getting into him. 1:50 into that video clinched it for me that it was the 17 who came up on the 33
Just real close racing.
1,2, and 29 for me. Ryan Newman is on my sh#tlist for wrecking JPM
Haha JPM just delivered a little payback to Newman. Good for him, I picked JPM this week and Ryan pretty much killed his chances earlier.
LOL the black rhino was missing for some reason today, but I got some pics of pandas and rattlesnakes.
I have not been to Biltmore since 1988, but it is truly stunning, a must see for anyone going through the area.
The 123 tonight will be
11,18,42 Please.
I'm off with the family to the Zoo today, have a great day folks.
From the LEXG board
"You should've been like me and held it long term til $11 and the moon! I'm not selling 1 share til $100, to tha moon!!! Long live the sheep and the long term investorzzzzzzzzz!!!'
SKYE is a special purpose LLC set up by Empire to do the deal with the secured creditors.
Minmetals offered them 6.3 Billion I think, then Barrick offered a billion more. Those guys are serious.
That is not exactly accurate, the creditors have liens/claims on the equipment etc. They own a large amount of "paper" as well. But I get your point.
LOL, you would have to try and get by our security guards Mickey. But if you are in the area, I can try and get you a tour.
I know the waiting is tough, its tough on me as well. I cant say much more other than we continue to make progress.
Superfly, you dont have to prove anything to anybody, those who follow your picks on the various message boards know the truth. I have personally made a TON of money following your picks.
wow, taking that $450 loss last week looks like the right move, may try and get a revenge trade in.
TVI Pacific Inc. Announces Shipment Schedule Update and Zinc Production Startup
04/25/2011
Download this Press Release
CALGARY, ALBERTA--(Marketwire - April 25, 2011) - TVI Pacific Inc. (TSX:TVI) (OTCQX:TVIPF) ("TVI" or "the Company") announced today that copper concentrate shipment 21 is complete and that zinc production has been initiated.
-- The 21st shipment containing 5,143 dry metric tonnes ("dmt") of copper concentrate is complete;
-- Total gross revenue received for the shipment is approximately US$11.4 million;
-- Inventory of 2,900 dmt of copper concentrate remains in storage;
-- Next shipment (#22) is currently scheduled for mid to late May, 2011; and
-- Zinc production has been achieved with the first shipment expected by year-end.
The Company's 21st cargo of copper concentrates was shipped from the TVIRD warehouse facility at Santa Maria Port in Siocon, Zamboanga del Norte, in accordance with the offtake arrangement between TVIRD and MRI Trading AG ("MRI"). TVIRD expects to earn gross revenues of US$11.4 million from MRI for the current shipment of 5,143 dmt of copper concentrates.
The offtake agreement provides that MRI will purchase all of the copper concentrates produced at Canatuan over the anticipated life of the sulphide operation. Inventory of about 2,900 dmt remains in storage at TVI's Santa Maria Port warehouse and on-site at Canatuan. It is anticipated that shipments of copper concentrate will continue every 6-8 weeks.
The Canatuan mill has also now commenced the production of zinc concentrate, as a result of the zinc commissioning processes carried out over previous months. Initial volumes are modest, but it is anticipated that with effective copper-zinc separation being achieved, zinc concentrate volumes will ramp up so that a first shipment can be made prior to year-end.
About TVI Pacific Inc. (TSX:TVI) (OTCQX:TVIPF)
TVI Pacific Inc. is a publicly-traded resource company focused on the production, development, exploration and acquisition of resource projects in the Philippines. TVI produces copper concentrate from its Canatuan mine, is developing the Balabag gold property for anticipated production in the second half of 2012 and has begun an aggressive exploration program at its high-impact Tamarok property. TVI also has interests in oil and gas assets in Alaska, Niger and offshore Philippines.
Connect With Us www.tvipacific.com
Follow us on Twitter www.twitter.com/tvipacific
"Like" us at www.facebook.com/tvipacific
IMPORTANT INFORMATION REGARDING FORWARD-LOOKING STATEMENTS
Certain information set out in this news release constitutes forward-looking information. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "estimate", "expect", "may", "will", "intend", "could", "might", "should", "believe", "schedule" and similar expressions.
Forward-looking statements are based upon the opinions and expectations of management of the Company as at the effective date of such statements and, in certain cases, information received from or disseminated by third parties. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions and that information received from or disseminated by third parties is reliable, it can give no assurance that those expectations will prove to have been correct. Forward-looking statements are subject to certain risks and uncertainties (known and unknown) that could cause actual outcomes to differ materially from those anticipated or implied by such forward-looking statements. These factors include, but are not limited to, such things general economic conditions in Canada, the United States, Niger, Alaska, the Philippines and elsewhere; volatility of prices for precious metals, base metals, oil and gas; commodity supply and demand; fluctuations in currency and interest rates; inherent risks associated with the exploration and development of mining properties; inherent risks associated with the exploration of oil and gas properties (including mechanical problems); ultimate recoverability of reserves, production, timing, results and costs of exploration and development activities; political or civil unrest; availability of equipment and personnel; availability of financial resources or third-party financing; new laws (domestic or foreign); changes in administrative practices; changes in exploration plans or budgets; and availability of equipment and personnel. Accordingly, readers should not place undue reliance upon the forward-looking statements contained in this news release and such forward-looking statements should not be interpreted or regarded as guarantees of future outcomes.
Forward-looking statements respecting the shipping schedule are based on the Company's previous experience with concentrate shipments and discussions carried out to date with MRI. Forward-looking statements respecting the copper content of future concentrate shipments and production from the Zinc Circuit are based upon current mining and processing activities, prior experiences of management with mining and processing activities, the estimated copper and zinc mineralization of the sulphide zone, the current development and operating plan, and the Company's current budget and overall strategy for Canatuan (which are all subject to change).
The forward-looking statements of the Company contained in this news release are expressly qualified, in their entirety, by this cautionary statement. Various risks to which the Company and its affiliates are exposed in the conduct of their business (including mining activities) are described in detail in the Company's Annual Information Form for the year ended December 31, 2010, which was filed on SEDAR on March 30, 2011, and is available under the Company's profile at www.SEDAR.com. Subject to applicable securities laws, the Company does not undertake any obligation to publicly revise the forward-looking statements included in this news release to reflect subsequent events or circumstances, except as required by law.
The Toronto Stock Exchange has neither approved nor disapproved of the information contained herein.
FOR FURTHER INFORMATION PLEASE CONTACT:
TVI Pacific Inc.
Rhonda Bennetto
Exec. Dir. Investor Communications
403.265.4356
rhonda.bennetto@tvipacific.com
TVI Pacific Inc.
Ian McColl
Investor Relations Analyst
403.265.4356
ian.mccoll@tvipacific.com
www.tvipacific.com
Source: TVI Pacific Inc.
TVI Pacific Inc. Announces Shipment Schedule Update and Zinc Production Startup
04/25/2011
Download this Press Release
CALGARY, ALBERTA--(Marketwire - April 25, 2011) - TVI Pacific Inc. (TSX:TVI) (OTCQX:TVIPF) ("TVI" or "the Company") announced today that copper concentrate shipment 21 is complete and that zinc production has been initiated.
-- The 21st shipment containing 5,143 dry metric tonnes ("dmt") of copper concentrate is complete;
-- Total gross revenue received for the shipment is approximately US$11.4 million;
-- Inventory of 2,900 dmt of copper concentrate remains in storage;
-- Next shipment (#22) is currently scheduled for mid to late May, 2011; and
-- Zinc production has been achieved with the first shipment expected by year-end.
The Company's 21st cargo of copper concentrates was shipped from the TVIRD warehouse facility at Santa Maria Port in Siocon, Zamboanga del Norte, in accordance with the offtake arrangement between TVIRD and MRI Trading AG ("MRI"). TVIRD expects to earn gross revenues of US$11.4 million from MRI for the current shipment of 5,143 dmt of copper concentrates.
The offtake agreement provides that MRI will purchase all of the copper concentrates produced at Canatuan over the anticipated life of the sulphide operation. Inventory of about 2,900 dmt remains in storage at TVI's Santa Maria Port warehouse and on-site at Canatuan. It is anticipated that shipments of copper concentrate will continue every 6-8 weeks.
The Canatuan mill has also now commenced the production of zinc concentrate, as a result of the zinc commissioning processes carried out over previous months. Initial volumes are modest, but it is anticipated that with effective copper-zinc separation being achieved, zinc concentrate volumes will ramp up so that a first shipment can be made prior to year-end.
About TVI Pacific Inc. (TSX:TVI) (OTCQX:TVIPF)
TVI Pacific Inc. is a publicly-traded resource company focused on the production, development, exploration and acquisition of resource projects in the Philippines. TVI produces copper concentrate from its Canatuan mine, is developing the Balabag gold property for anticipated production in the second half of 2012 and has begun an aggressive exploration program at its high-impact Tamarok property. TVI also has interests in oil and gas assets in Alaska, Niger and offshore Philippines.
Connect With Us www.tvipacific.com
Follow us on Twitter www.twitter.com/tvipacific
"Like" us at www.facebook.com/tvipacific
IMPORTANT INFORMATION REGARDING FORWARD-LOOKING STATEMENTS
Certain information set out in this news release constitutes forward-looking information. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "estimate", "expect", "may", "will", "intend", "could", "might", "should", "believe", "schedule" and similar expressions.
Forward-looking statements are based upon the opinions and expectations of management of the Company as at the effective date of such statements and, in certain cases, information received from or disseminated by third parties. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions and that information received from or disseminated by third parties is reliable, it can give no assurance that those expectations will prove to have been correct. Forward-looking statements are subject to certain risks and uncertainties (known and unknown) that could cause actual outcomes to differ materially from those anticipated or implied by such forward-looking statements. These factors include, but are not limited to, such things general economic conditions in Canada, the United States, Niger, Alaska, the Philippines and elsewhere; volatility of prices for precious metals, base metals, oil and gas; commodity supply and demand; fluctuations in currency and interest rates; inherent risks associated with the exploration and development of mining properties; inherent risks associated with the exploration of oil and gas properties (including mechanical problems); ultimate recoverability of reserves, production, timing, results and costs of exploration and development activities; political or civil unrest; availability of equipment and personnel; availability of financial resources or third-party financing; new laws (domestic or foreign); changes in administrative practices; changes in exploration plans or budgets; and availability of equipment and personnel. Accordingly, readers should not place undue reliance upon the forward-looking statements contained in this news release and such forward-looking statements should not be interpreted or regarded as guarantees of future outcomes.
Forward-looking statements respecting the shipping schedule are based on the Company's previous experience with concentrate shipments and discussions carried out to date with MRI. Forward-looking statements respecting the copper content of future concentrate shipments and production from the Zinc Circuit are based upon current mining and processing activities, prior experiences of management with mining and processing activities, the estimated copper and zinc mineralization of the sulphide zone, the current development and operating plan, and the Company's current budget and overall strategy for Canatuan (which are all subject to change).
The forward-looking statements of the Company contained in this news release are expressly qualified, in their entirety, by this cautionary statement. Various risks to which the Company and its affiliates are exposed in the conduct of their business (including mining activities) are described in detail in the Company's Annual Information Form for the year ended December 31, 2010, which was filed on SEDAR on March 30, 2011, and is available under the Company's profile at www.SEDAR.com. Subject to applicable securities laws, the Company does not undertake any obligation to publicly revise the forward-looking statements included in this news release to reflect subsequent events or circumstances, except as required by law.
The Toronto Stock Exchange has neither approved nor disapproved of the information contained herein.
FOR FURTHER INFORMATION PLEASE CONTACT:
TVI Pacific Inc.
Rhonda Bennetto
Exec. Dir. Investor Communications
403.265.4356
rhonda.bennetto@tvipacific.com
TVI Pacific Inc.
Ian McColl
Investor Relations Analyst
403.265.4356
ian.mccoll@tvipacific.com
www.tvipacific.com
Source: TVI Pacific Inc.
I got a tease email from the hackthemarket guy today, he did not give the symbol, but its obvious that its JAMN. You guys who have been in this a while may be wise to use the opportunity and take some profits by selling into the pump. I'm guessing that it will probably gap up on the open.
Because ChuckD was taken
I do not post links to my site, and not soliciting anything. I post here mainly on one company to help keep those shareholders informed. Mods feel free to delete my post even mentioning I have a site.
LOL, touche' Lucky
I understand completely Dave about the volume of posts, I run a small forum myself with less than a thousand users and its almost a full time job, I cant imagine trying to handle something this size. It is a shame that Ihub seems to be a victim of its own success, not sure that there is any real solution, but I do appreciate the job you guys do. Thanks
I have on occasion, in one case the mod was removed, and then made 4 quick posts and got reinstated the next day. Went through the process again and he was removed again for good I think. Most times its just not worth the hassle. I learned that you cant save the world. LOL
This seems to be a continuing discussion about Ihub, what is REALLY frustrating to me is when a rogue mod continually deletes truthful posts while perpetrating lies. I know that the admins cant monitor every board, but it happens a LOT. I guess the sheer amount of members and posts really make it impossible.
Mickey, the reason "you have not heard one response from Chuck" is everything you posted/suggested was posted and discussed on here in detail last year. No stones have been left unturned, there was quite a bit of back and forth on this already and I'm sorry but I just dont have the time to re-hash it all for you. I did get your PM's but I dont have any way to respond to them. I will tell you that the 30 Billion dollar business loan package is being administered through the SBA and there is a 2 million dollar cap, and you must have a good credit rating business on your business which obviously CPRK does not. We also have had discussions with people in all levels of Government.
Boy, talk about annoying......
well, that shook me out at a $450 loss
LOL, only $120 worth has traded all day, this one is dead.
Just slapped the ask for 3000 more shares. Lets go !!
Bought a few thousand just to see what you guys can do with this one.
The 8th Annual Taglich Brothers Small Cap Equity Conference will be held in Manhattan at the New York Athletic Club on Tuesday, May 3, 2011.
Conference schedule of presentations:
7:45 am Registration & Continental Breakfast
Breakfast is Sponsored by RotenbergMeril
---------------------------------------------------------------
Q&A Breakouts will immediately follow each presentation
---------------------------------------------------------------
8:15 am Opening Remarks
Michael Taglich, President, Taglich Brothers, Inc.
8:30 am Orchids Paper Products Company (NYSE Amex: TIS)
Robert Snyder, President & CEO and Keith Schroder, CFO
9:00 am Baldwin Technology Company, Inc. (NYSE Amex: BLD)
Mark Becker, President & CEO and Ivan Habibe, VP, CFO &
Treasurer
9:30 am Intellipharmaceutics International, Inc. (NASDAQ: IPCI)
Shameze Rampertab, VP Finance & CFO
10:00 am Park City Group, Inc. (NYSE: PCYG)
David Colbert, CFO
10:45 am DARA BioSciences, Inc. (NASDAQ: DARA)
Richard Franco, President & CEO
11:15 am Lakeland Industries, Inc. (NASDAQ: LAKE)
Christopher Ryan, CEO
11:45 am Derma Sciences, Inc. (NASDAQ: DSCI)
Edward Quilty, President & CEO
12:15 pm Luncheon with Kevin Williamson, Deputy Managing Editor of
National Review
Luncheon is Sponsored by Sills Cummis & Gross P.C.
1:15 pm Air Industries Group, Inc. (PINKSHEETS: AIRI)
Peter Rettaliata, CEO
1:45 pm Homeowner's Choice, Inc. (NASDAQ: HCII)
Paresh Patel, Executive Chairman
2:15 pm Axcelis Technologies, Inc. (NASDAQ: ACLS)
Jay Zager, Executive Vice President, CFO
3:00 pm Industrial Services of America, Inc. (NASDAQ: IDSA)
Harry Kletter, Chairman & CEO
3:30 pm Williams Controls, Inc. (NASDAQ: WMCO)
Patrick Cavanagh, President & CEO and Dennis Bunday, Executive
Vice President & CFO
4:00 pm ImageWare Systems, Inc. (PINKSHEETS: IWSY)
Jim Miller, Chairman & CEO
4:30 pm SCOLR Pharma, Inc. (OTCQB: SCLR)
Stephen Turner, President & CEO
5:00 pm Cocktail Reception -- Sponsored by Bryan Cave LLP
All company presentations during the conference will be available online via webcast both live and in an archived version at the Taglich Brothers web site, http://www.TaglichBrothers.com. The schedule of presentations is also available at that site.
Taglich Brothers, Inc. is a full-service broker dealer focused exclusively on microcap companies. The Company defines the microcap segment of the equity market as companies with less than $250 million in market capitalization. Taglich Brothers currently offers institutional and retail brokerage services, investment banking and comprehensive research coverage to the investment community.
Contact Information:
Karen Payne
Symposia Events
212-779-2971
TVI Pacific Inc. Provides Operational Update on Alaskan Well
TVI Pacific Inc. (TSX: TVI) (OTCQX: TVIPF) ("TVI" or "the Company") is pleased to provide an update on the Alaskan North Slope winter 2010/2011 exploration program at North Tarn. Project operator Brooks Range Petroleum Corporation ("BRPC") has advised TVI that operations are winding down on the North Slope as the drilling season comes to a close due to spring break-up.
- North Tarn #1 successfully penetrated the Kuparak oil sandstones
- 20-25 feet of sand thickness is estimated based on cutting samples
- Drilling operations complete for the 2010/11 drilling season
The North Tarn #1 exploration well began drilling on March 13, 2011 to test Brookian and Kuparuk reservoir targets. Minor gas kicks and oil shows occurred in the shallower Brookian target sandstones but were much lower-permeability than expected. Drilling continued to the deeper Kuparuk sandstone target to 6,223 feet measured depth ("MD") having penetrated the Kuparuk sandstones. On penetration of the Kuparuk zone, there were strong mud gas shows with high oil-cut mud and gas flow to surface tanks. A period of well control operations from March 22 until April 2 was required before mud losses and hydrocarbon flows to surface tanks stopped. The open hole was cement plugged on April 8.
The Kuparuk sandstones were not logged because of the well control challenges. Based on sandstone cuttings samples and gas readings, the Kuparuk is estimated to be 20-25 feet thick in North Tarn #1. This is comparable to the thicknesses of the Kuparuk C1 sandstone unit in the nearest Kuparuk River Unit well located 2.4 miles to the east and the #2L-03 exploration well drilled 1.1 miles to the south in 2002. Net pay in the North Tarn #1 well is unknown because of the lack of well logs and test data.
Working interest owners commenced drilling a Tarn #1 replacement well on Monday, April 11 using the existing well surface hole. The well reached objective measured depth of 6,086 feet at the base of the Kalubik formation (the zone above the Kuparuk C sand) on Thursday, April 14 and intermediate 7" casing was set. The rig is presently being demobilized from site. Because of the 2010/2011 winter drilling season closure, the North Tarn well will drill through the Kuparuk formation and be fully tested during the 2011/2012 winter drilling season.
TVI Pacific holds a 20% interest in the well. Cliff James, President and CEO of TVI, commented "We are extremely pleased with the fact that we flowed oil at North Tarn and have identified a potential pay zone in the Kuparuk. The JV partners will further assess the results in the coming months for preparation on further activity in the 2011/12 drilling season at North Tarn".
About TVI Pacific Inc. (TSX: TVI) (OTCQX: TVIPF)
TVI Pacific Inc. is a publicly-traded resource company focused on the production, development, exploration and acquisition of resource projects in the Philippines. TVI produces copper concentrate from its Canatuan mine, is developing a gold property for anticipated production in the second half of 2012 and has begun an aggressive exploration program at its high-impact Tamarok property. TVI also has interests in oil and gas assets in Alaska, Niger and offshore Philippines.
Connect With Us www.tvipacific.com
Follow us on Twitter www.twitter.com/tvipacific
"Like" us at www.facebook.com/tvipacific
IMPORTANT INFORMATION REGARDING FORWARD-LOOKING STATEMENTS
Certain information set out in this news release constitutes forward-looking information. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "estimate", "expect", "may", "will", "intend", "could", "might", "should", "believe", "schedule" and similar expressions.
Forward-looking statements are based upon the opinions and expectations of management of the Company as at the effective date of such statements and, in certain cases, information received from or disseminated by third parties. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions and that information received from or disseminated by third parties is reliable, it can give no assurance that those expectations will prove to have been correct. Forward-looking statements are subject to certain risks and uncertainties (known and unknown) that could cause actual outcomes to differ materially from those anticipated or implied by such forward-looking statements. These factors include, but are not limited to, such things general economic conditions in Canada, the United States, Niger, Alaska, the Philippines and elsewhere; volatility of prices for precious metals, base metals, oil and gas; commodity supply and demand; fluctuations in currency and interest rates; inherent risks associated with the exploration and development of mining properties; inherent risks associated with the exploration of oil and gas properties (including mechanical problems); ultimate recoverability of reserves, production, timing, results and costs of exploration and development activities; political or civil unrest; availability of equipment and personnel; availability of financial resources or third-party financing; new laws (domestic or foreign); changes in administrative practices; changes in exploration plans or budgets; and availability of equipment and personnel. Accordingly, readers should not place undue reliance upon the forward-looking statements contained in this news release and such forward-looking statements should not be interpreted or regarded as guarantees of future outcomes.
Forward-looking statements respecting anticipated operations at North Tarn during the 2011/12 winter exploration season in Alaska (including the testing of the North Tarn well) are based upon information obtained during the drilling of the North Tarn #1 well, initial tests from the North Tarn #1 well and the exploration plan developed by the Alaska joint venture participants (which are subject to change). Accordingly, readers should not place undue reliance upon the forward-looking statements contained in this news release and such forward-looking statements should not be interpreted or regarded as guarantees of future outcomes
The forward-looking statements of the Company contained in this news release are expressly qualified, in their entirety, by this cautionary statement. Various risks to which the Company and its affiliates are exposed in the conduct of their business (including mining activities) are described in detail in the Company's Annual Information Form for the year ended December 31, 2010, which was filed on SEDAR on March 30, 2011, and is available under the Company's profile at www.SEDAR.com. Subject to applicable securities laws, the Company does not undertake any obligation to publicly revise the forward-looking statements included in this news release to reflect subsequent events or circumstances, except as required by law.
The Toronto Stock Exchange has neither approved nor disapproved of the information contained herein.
Contacts:
TVI Pacific Inc.
Rhonda Bennetto
Exec. Dir. Investor Communications
403.265.4356
rhonda.bennetto@tvipacific.com
TVI Pacific Inc.
Ian McColl
Investor Relations Analyst
403.265.4356
ian.mccoll@tvipacific.com
www.tvipacific.com
TVI Pacific Inc. Provides Operational Update on Alaskan Well
TVI Pacific Inc. (TSX: TVI) (OTCQX: TVIPF) ("TVI" or "the Company") is pleased to provide an update on the Alaskan North Slope winter 2010/2011 exploration program at North Tarn. Project operator Brooks Range Petroleum Corporation ("BRPC") has advised TVI that operations are winding down on the North Slope as the drilling season comes to a close due to spring break-up.
- North Tarn #1 successfully penetrated the Kuparak oil sandstones
- 20-25 feet of sand thickness is estimated based on cutting samples
- Drilling operations complete for the 2010/11 drilling season
The North Tarn #1 exploration well began drilling on March 13, 2011 to test Brookian and Kuparuk reservoir targets. Minor gas kicks and oil shows occurred in the shallower Brookian target sandstones but were much lower-permeability than expected. Drilling continued to the deeper Kuparuk sandstone target to 6,223 feet measured depth ("MD") having penetrated the Kuparuk sandstones. On penetration of the Kuparuk zone, there were strong mud gas shows with high oil-cut mud and gas flow to surface tanks. A period of well control operations from March 22 until April 2 was required before mud losses and hydrocarbon flows to surface tanks stopped. The open hole was cement plugged on April 8.
The Kuparuk sandstones were not logged because of the well control challenges. Based on sandstone cuttings samples and gas readings, the Kuparuk is estimated to be 20-25 feet thick in North Tarn #1. This is comparable to the thicknesses of the Kuparuk C1 sandstone unit in the nearest Kuparuk River Unit well located 2.4 miles to the east and the #2L-03 exploration well drilled 1.1 miles to the south in 2002. Net pay in the North Tarn #1 well is unknown because of the lack of well logs and test data.
Working interest owners commenced drilling a Tarn #1 replacement well on Monday, April 11 using the existing well surface hole. The well reached objective measured depth of 6,086 feet at the base of the Kalubik formation (the zone above the Kuparuk C sand) on Thursday, April 14 and intermediate 7" casing was set. The rig is presently being demobilized from site. Because of the 2010/2011 winter drilling season closure, the North Tarn well will drill through the Kuparuk formation and be fully tested during the 2011/2012 winter drilling season.
TVI Pacific holds a 20% interest in the well. Cliff James, President and CEO of TVI, commented "We are extremely pleased with the fact that we flowed oil at North Tarn and have identified a potential pay zone in the Kuparuk. The JV partners will further assess the results in the coming months for preparation on further activity in the 2011/12 drilling season at North Tarn".
About TVI Pacific Inc. (TSX: TVI) (OTCQX: TVIPF)
TVI Pacific Inc. is a publicly-traded resource company focused on the production, development, exploration and acquisition of resource projects in the Philippines. TVI produces copper concentrate from its Canatuan mine, is developing a gold property for anticipated production in the second half of 2012 and has begun an aggressive exploration program at its high-impact Tamarok property. TVI also has interests in oil and gas assets in Alaska, Niger and offshore Philippines.
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IMPORTANT INFORMATION REGARDING FORWARD-LOOKING STATEMENTS
Certain information set out in this news release constitutes forward-looking information. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "estimate", "expect", "may", "will", "intend", "could", "might", "should", "believe", "schedule" and similar expressions.
Forward-looking statements are based upon the opinions and expectations of management of the Company as at the effective date of such statements and, in certain cases, information received from or disseminated by third parties. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions and that information received from or disseminated by third parties is reliable, it can give no assurance that those expectations will prove to have been correct. Forward-looking statements are subject to certain risks and uncertainties (known and unknown) that could cause actual outcomes to differ materially from those anticipated or implied by such forward-looking statements. These factors include, but are not limited to, such things general economic conditions in Canada, the United States, Niger, Alaska, the Philippines and elsewhere; volatility of prices for precious metals, base metals, oil and gas; commodity supply and demand; fluctuations in currency and interest rates; inherent risks associated with the exploration and development of mining properties; inherent risks associated with the exploration of oil and gas properties (including mechanical problems); ultimate recoverability of reserves, production, timing, results and costs of exploration and development activities; political or civil unrest; availability of equipment and personnel; availability of financial resources or third-party financing; new laws (domestic or foreign); changes in administrative practices; changes in exploration plans or budgets; and availability of equipment and personnel. Accordingly, readers should not place undue reliance upon the forward-looking statements contained in this news release and such forward-looking statements should not be interpreted or regarded as guarantees of future outcomes.
Forward-looking statements respecting anticipated operations at North Tarn during the 2011/12 winter exploration season in Alaska (including the testing of the North Tarn well) are based upon information obtained during the drilling of the North Tarn #1 well, initial tests from the North Tarn #1 well and the exploration plan developed by the Alaska joint venture participants (which are subject to change). Accordingly, readers should not place undue reliance upon the forward-looking statements contained in this news release and such forward-looking statements should not be interpreted or regarded as guarantees of future outcomes
The forward-looking statements of the Company contained in this news release are expressly qualified, in their entirety, by this cautionary statement. Various risks to which the Company and its affiliates are exposed in the conduct of their business (including mining activities) are described in detail in the Company's Annual Information Form for the year ended December 31, 2010, which was filed on SEDAR on March 30, 2011, and is available under the Company's profile at www.SEDAR.com. Subject to applicable securities laws, the Company does not undertake any obligation to publicly revise the forward-looking statements included in this news release to reflect subsequent events or circumstances, except as required by law.
The Toronto Stock Exchange has neither approved nor disapproved of the information contained herein.
Contacts:
TVI Pacific Inc.
Rhonda Bennetto
Exec. Dir. Investor Communications
403.265.4356
rhonda.bennetto@tvipacific.com
TVI Pacific Inc.
Ian McColl
Investor Relations Analyst
403.265.4356
ian.mccoll@tvipacific.com
www.tvipacific.com
Illiquid is an understatement, only 5000 shares have traded all day or $107.50 worth.