Fox-Davies Capital Daily Newsflash including Caza Oil & Gas, Connemara Mining, Beacon Hill, Stratex International, Chariot Oil & Gas and others

Caza Oil & Gas (CAZA) announced that it has contracted Patterson-UTI Energy Inc. to drill the Matthys-McMillan Gas Unit #2 development well located in the Wharton West Wilcox Field. The well is planned to be drilled to a total depth of 15,200ft and is a direct offset to Caza's Matthys-McMillan Gas Unit #1 well. Drilling operations were commenced on Thursday, February 25, 2010, and the well is expected to take 60 days to drill and an additional 30 days to complete.

Chariot Oil & Gas (CHAR) announced an increase in the Company's unrisked mean prospective oil resources of 3.3Bbbl to a total of over 8.5Bbbl. This results from volumes being attributed to the Central Blocks (licences 2312 A & B and the northern halves of 2412 A & B) offshore Namibia and increases the Group's resources by 39% from the previously reported 5.24Bbbl identified in the Northern and Southern licences. This resource increase follows the interpretation and processing of the 3,000 line km seismic survey which was acquired across the Central Blocks in the second half of 2009 by Seabird Exploration.

Valiant Petroleum (VPP) announced the following updates with regard to recent operations on Don Southwest and West Don (the Don Fields). The previously announced side-track of the Area 22 production well on Don Southwest (Valiant, 40.0%) has now been successfully completed and is ready to produce. Production from the Don Fields is anticipated to restart shortly following commissioning of the permanent pipeline export route via the nearby Thistle platform, which is currently ongoing. The John Shaw semi-submersible drilling rig has been released, permitting access to the field for the hook-up of water injection on Don Southwest which was also successfully achieved. Valiant has also commissioned an updated reserve report from its consultants, RPS Energy, for its proved and probable reserves on the Don Fields which has yielded a total of 17.4MMbbl from the project.

Angel Mining (ANGM) announced that production has commenced at its Nalunaq Gold Mine in Greenland. The output will be in the form of doré bars comprising approximately 90% gold and 10% silver. Since completing the acquisition of the mine in July 2009, Angel has designed an underground process plant, sourced the components, built an in-mine chamber, constructed foundations, installed and commissioned the plant to enable this initial production to take place. The process plant comprises a gravity separation circuit, which is now operational and a Carbon in Pulp ("CIP") circuit, which is still under construction. The gravity section is expected to recover approximately 50% of the available gold, and the tailings will be reprocessed, once the CIP circuit is available. Subject to the granting of permits, the plant is scheduled to be fully operational by April, with overall gold recovery ultimately being in excess of 90%.

Stratex International (STI) announced a preliminary in-house resource at its Öksüt project in the Central Anatolia region of Turkey. The in-house resource estimate determined by Stratex for the first zone to be drilled within the Öksüt project, the Ortacam Zone, totalled 147,814oz of oxide gold with an average grade of 1.21g/t at a cut-off grade of 0.2g/t for all categories. 86% of the resource is within the indicated category, with the remainder in the inferred category.

Beacon Hill (BHR) announced that it has entered into an agreement with Fortrend Securities Pty Ltd for the provision of up to £5 million of funding.  The agreement will enable Beacon Hill to draw down funds over the next three years which will provide the Group with additional capital to develop its Arthur River Project in Tasmania and facilitate the appraisal and development of other projects. In consideration of Fortrend entering into the agreement, Beacon Hill will pay a fee and has granted options over 20,833,333 ordinary shares, exercisable at 0.30p per share at any time until 2 March 2013.

Connemara Mining (CON) reported additional results from the ongoing drilling programme in Limerick. The programme is under option to and operated by Teck Ireland Limited, a subsidiary of Teck Resources Limited. Hole 36 intersected 5.35m at 13.2% zinc and 3.2% lead from 202.7m depth. This high grade zone occurred at the base of a thick interval of hydrothermal black matrix breccia that contains additional lower grade disseminated zinc-lead mineralisation. This overall interval has a grade of 4.67% zinc and 1.04% lead over a 21.25m interval from 186.8m depth.

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