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Market: ASX
Sector: General Mining
Epic: DLE
News: Latest news
Web Site: Dragon Energy
Other Articles: 20-11-2009

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Tuesday February 09, 07:53Mediterranean Oil & Gas doubles proven and probable reserves for Ombrina Mare to 40 mmbbls

The good news gave a welcome boost to the group's share price, sending the stock up nearly 15 percent in early trade.

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Monday February 08, 09:33Tethys Petroleum achieves flow rates of over 5,400 bopd at AKD01 discovery in Kazakhstan

Current mapping indicates that the AKD01 well is in a downdip location on the prospect Doris with approximately 56 metres of elevation updip of the well, potentially bringing the entire lower reservoir into the oil zone.

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Tuesday February 09, 01:53Chindex International reports increasing medical and healthcare revenues

Healthcare products and services group Chindex International (NASDAQ: CHDX) reported increasing revenues as it continued to expand its operations in the People’s Republic of China (PRC).

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Dragon Energy

Dragon Energy

To participate in exploration projects with a view to advancing the status of the projects through to development or alternatively to introduce appropriate and suitable overseas partners, particularly from China, who may take long term positions in those project development opportunities and to secure a leading position in advanced minerals projects and to bring development to fruition at the earliest opportunity.
Friday, November 20, 2009

Dragon Energy makes new iron ore applications in Western Australia

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China-linked Dragon Energy (ASX: DLE) has made an application for three Exploration Licences in the mid-west region of Western Australia.

The application areas are between 270km and 450km northwest of Perth and have a combined area of 463km2.

Dragon managing director Gang Xu said he considered each application area to be prospective for banded iron formation hosted iron ore mineralisation.

"They are well located being immediately adjacent to existing and emerging iron ore mines as well as historical and current gold and base metal mines," Mr Xu said.

"They are well placed to take advantage of developing infrastructure in the region."

He said all application areas have seen previous exploration for gold and base metals but there had been no evaluation of the iron ore potential.

In particular, E59/1639 contains some 20km of an arcuate magnetic feature, interpreted to be a BIF unit that has been reported by previous explorers to be up to 100m wide.

"These applications mark an important step for Dragon in securing a 100% interest in Australian tenements prospective for iron ore and gold mineralisation in an exciting and rapidly developing mineral province," Mr Xu said.

The listing of Perth-based Dragon on the Australian Securities Exchange in February 2009 was facilitated by a cornerstone investor, the China‐based Shandong Taishan Sunlight Group Company.

Shandong Group controls 1.5 billion tonnes of coal and 100 million tonnes of iron ore resources in China as well as engaging in steel making and power generation.

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