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TSX.V:MJS, VMW, ENS, NFX - Market Report From!



Majestic Gold Corp. (TSX.V:MJS) (FSE:MJT) is pleased to announce the results of an updated resource estimate on its Song Jiagou Mine.
As part of the ongoing assessment on the Song Jiagou Mine, Wardrop Engineering Inc. (“Wardrop”) has revised their previous resource estimate (NR 23 April, 2010) as a result of the revision to the contract mining costs (NR 30 September 2010) which allowed cut-off grades to be reduced from 0.40 g/t to 0.30 g/t and warranted a revision of the block model. Subsequent to the initial resource estimate, Wardrop determined that rotating the block model perpendicular to drilling direction was the most favorable orientation to evaluate the deposit and to calculate the revised resource. The new cut-off grade and the reorientation of the model significantly increased the overall size of the resource and the contained ounces of gold in both the inferred and indicated categories.

The increase in the size of the resource from 53 to 72.5 million tonnes will very significantly reduce the strip ratios to be used as Majestic continues its engineering on the Song Jiagou mine. Wardrop will move forward now to re-evaluate a production pit design. Majestic continues to work with Wardrop and its sister company, Tetra Tech (Beijing) Consultancy Company Limited, (both subsidiaries of Terta Tech Inc.) to complete a Preliminary Economic Assessment, concurrent with the required Chinese Geological and Engineering studies required to apply for increased production levels at Song Jiagou. The results of these studies will ultimately culminate in a Pre-feasibility report.

Majestic Gold Corp. is a Vancouver-based; TSX Venture Exchange and Frankfurt Exchange listed gold exploration and development company with a very advanced gold deposit in Shandong province of China.


VMware, Inc. (NYSE:VMW) announced on November 17, 2010 that Dr. Stephen Herrod, Chief Technology Officer and Senior Vice President of R&D of VMware, will present as a keynote speaker and discuss the Cloud Market opportunity at the Barclays Capital Global Technology Conference in San Francisco on Thursday, December 9, 2010 at 8:15 a.m. PST. A live webcast will be available on the Investor Relations page. The replay of the webcast will be available for one month.

VMware, Inc. provides virtualization infrastructure software solutions and related support and services primarily in the United States. The company’s virtualization software solutions support a range of operating system and application environments, as well as networking and storage infrastructures. It provides VMware vSphere, a data center platform, which helps companies along the path of cloud computing by providing compatible IT infrastructures.


EnerSys (NYSE:ENS) announced on November 16, 2010 that it has received a multi-year contract award, with an estimated value of $38.5 million in the first year from the United States Defense Logistics Agency (NYSEMKT:DLA), to produce valve regulated lead acid (VRLA) batteries using its proprietary thin plate pure lead technology. The award is for EnerSys’ Hawker Armasafe Plus batteries for use by the United States Army and Marine Corps and for EnerSys’ Hawker F-16 batteries for use by the United States Navy and Air Force. The contract provides for the DLA to exercise additional equal annual options through 2014. EnerSys has supplied approximately one million Hawker Armasafe Plus batteries to the US military and remains a dedicated supplier to our fighting forces both at home and abroad,” said John Craig, chairman, president and chief executive officer of EnerSys. “We are pleased that DLA has acknowledged our efforts to support the US military by extending our supplier relationship for several additional years.”

EnerSys engages in the manufacture and sale of industrial batteries. It also offers related direct current power products, including chargers, electronic power equipment, and various battery accessories. The company’s products include reserve power products that are used primarily for backup power applications. Its reserve power batteries are also used for telecommunications systems, uninterruptible power systems, specialty power, and switchgear and electrical control systems applications, as well as commercial and military aircraft, submarines, ships, and tactical vehicles applications.


Newfield Exploration Co. (NYSE:NFX) announced on November 15, 2010 the signing of a purchase and sale agreement with EOG Resources, Inc., for approximately 50,000 net acres in Bradford County, Pennsylvania. The transaction, valued at $405 million, is expected to close by year-end 2010.

Newfield Exploration Company, an independent oil and gas company, engages in the exploration, development, and acquisition of natural gas and crude oil properties. As of December 31, 2009, it owned working interests in approximately 725,000 gross acres and 2,300 gross producing wells in Anadarko and Arkoma Basins; an interest in approximately 1.4 million gross acres and approximately 2,400 gross producing wells in the Rocky Mountains; interests in approximately 375,000 gross acres and approximately 750 gross producing wells onshore Texas; and interests in 86 leases in deepwater with approximately 370,000 gross acres.



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