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Texon Petroleum Limited (TXN) announced a 40% increase to its nett production from all of its wells to 535 boepd compared to the mid January rate of 378 boepd in the company’s December quarterly report. Texon said this followed the re-fraccing of the Tyler Ranch #1 well and remedial work on other wells in the Leighton field.

Noble Mineral Resources Limited (NMG) announced a 22% increase on the previously reported JORC compliant resource estimate reported on 3 December 2009 for the Bibiani Gold Mine in Western Ghana. The emerging West African gold producer said the Measured, Indicated and Inferred Mineral Resource totals 32.98 million tonnes at an average grade of 1.87g/t Au for 1.98 million ounces. The company said it acquired the project in November last year, which included a 2.7 million tonne per annum processing facility, a fully operational mine site with mining fleet and infrastructure and a 100 square kilometre tenure package.

Molopo Energy Limited (MPO) announced a major reserves upgrade to its Mungi Field and the surrounding Harcourt and Mungi West areas. The company said net 2P reserves increased 256% from 50 petajoules (PJ) to 176 PJ, while net 3P reserves increased 83% from 242 PJ to 443 PJ. Molopo said net total recovery (3P and contingent resources) increases to 1484 PJ net Molopo. The company also said that its latest development trial well, Mungi-20V, has set a new record for a producing well in the Mungi field and surrounding areas. Molopo said at this point in time production has reached 1.8 MMscf/d and is continuing to increase as back pressure is further reduced. The company said the well is expected to reach a peak rate of approximately 2 MMscf/d.

Atlas Iron Limited (AGO) posted net loss of $24.4 million for the six-months ended 31 December 2009, compared to a loss of approximately $42.2 million a year earlier. The company said the result was generated from revenue of $41.7 million, up from $3.6 million. Atlas said operating performance was impacted adversely by the dramatic strengthening of the Australian dollar over the period, weak iron ore prices in the early part of the period and the changeover of the Pardoo mining contractor late in 2009. The company reported mine development costs of almost $39 million in the first half of FY10, up from $25.4 million in the previous corresponding period.