Stockhouse Canadian Small and Micro-cap Stock Report for Monday, November 25, 2013 VANCOUVER (SHfn) –
Africa Hydrocarbons Inc. (
TSX: V.NFK,
Stock Forum) was up 55.6% to 14 cents. The stock is reacting to news of the oil and gas junior’s well update. Completion operations on the BHN-1 exploration well, located on the Bouhajla permit in northeastern Tunisia, are ongoing, despite setbacks related to complications associated with the acid injection program. The company experienced difficulties injecting acid into the Abiod formation as planned, which would ordinarily have improved potential hydrocarbon access from the formation into the wellbore. In order to determine possible causes of the failed acid injection, the company plans to utilize a borehole imaging tool that will assist in determining if an adequate number of perforations exist, thereby allowing sufficient penetration through casing, cement and into the rock formation. At this time, the company believes the Abiod formation remains un-evaluated with unchanged potential for yielding a producing well at BHN-1. It is expected that the next stage of operations on the well will take up to 30 days.
Gemini Corp. (
TSX: V.GKX,
Stock Forum) climbed 11.7% to 76 cents after the oil and gas services company executed a multi-year alliance with one of the world's largest module fabricators,
Shanghai Morimatsu Pressure Vessel Co., Ltd. Based in Shanghai, China, Morimatsu is a Japanese- owned company that is well-known throughout the global energy and petrochemical industries as a major manufacturer of equipment modules and pressure vessels. Gemini intends to utilize its expanded Alberta fabrication facility capacity for final assembly, quality assurance testing, staging, and laydown in support of fabrication projects originating from Morimatsu's manufacturing facility in Shanghai and destined for energy industry projects in Canada.
Strategic Oil & Gas Ltd. (
TSX: V.SOG,
Stock Forum) rose 7.8% to 83 cents after the exploration and development company announced Michael A. Zuk has joined the team as Vice-President, Business Development. Zuk has over seven years of experience in sell-side capital markets. Zuk holds a Bachelor of Management Degree with a specialization in Finance from the University of Lethbridge. In his role as Vice-President, Business Development he will be responsible for analyzing potential corporate acquisitions and dispositions, investor relations and corporate communication. Additionally, Strategic also announced the appointment of Douglas Wright as Vice-President, Engineering and Corporate Development. Wright is a Professional Engineer with an MBA and a B.Sc. degree in Chemical Engineering. He has been with Strategic since June 2013 as Vice-President, Business Development. In his new role, Wright will be responsible for engineering, reserves and developing corporate strategy. Additionally, he will oversee the planning and execution of the corporation's capital spending budget.
Canada Carbon Inc. (
TSX: V.CCB,
Stock Forum) slipped 8.3% to 16 cents after the graphite-focused company said it has received the assay results from its trenching and drilling programs that were recently completed at the Miller mine project in Quebec. Collectively, the results demonstrate that the graphite and wollastonite mineralization exposed at surface extends to a depth of 39 metres. Deeper extensions suggested by core observations are still untested, and will be the focus of future drilling programs. Highlights of the drilling results include 4.50 metres grading 2.51% graphitic carbon, 0.30 metres of 53.60% graphitic carbon and 0.90 metres at 51.70% graphitic carbon.
| Select Canadian Small/Micro-cap Advancers (as of 4:00 PM Eastern) |
| DualEx Energy International Inc. (V.DXE, Stock Forum) |
56.52% |
| Africa Hydrocarbons Inc. (V.NFK, Stock Forum) |
55.56% |
| Titan Medical Inc. (V.TMD, Stock Forum) |
19.05% |
| IntelliPharmaCeutics International Inc. (T.I, Stock Forum) |
18.96% |
| LX Ventures Inc. (V.LXV, Stock Forum) |
10.45% |
| Select Canadian Small/Micro-cap Decliners (as of 4:00 PM Eastern) |
| PRD Energy Inc. (V.PRD, Stock Forum) |
-21.97% |
| East West Petroleum Corp. (V.EW, Stock Forum) |
-17.65% |
| Kirkland Lake Gold Inc. (T.KGI, Stock Forum) |
-16.72% |
| MBAC Fertilizer Corp. (T.MBC, Stock Forum) |
-15.23% |
| Detour Gold Corporation (T.DGC, Stock Forum) |
-11.71% |