Petro Vista Energy (TSX: V.PTV, Stock Forum) shares surged 32% to 25 cents on Friday after the oil and gas explorer reported that it has reached total depth at its Noellia #1 (the first of several planned wells) recently drilled in the Lower Magdalena Valley Basin Colombia, La Maye Block. The well encountered several oil and gas shows and has been cased for future testing. The company holds a 25% participating interest in the block.

As well, shares of Western Troy Capital Resources (TSX: V.WRY, Stock Forum) added 37% at 41 cents as the junior explorer announced that it has recently made application for 48 claims in the Strange Lake Area of Quebec. A peralkaline, granitic pluton, which is associated with the Strange Lake granitic intrusion, hosts the B-Zone and the Strange Lake Rare Earth deposit.

Coalcorp Mining (TSX: T.CCJ, Stock Forum), meanwhile, said it has begun coal shipments using its own rail cars through the Fenoco rail line (of which Coalcorp owns an 8.43% interest), to ship its coal from La Francia mine to a sea port in the Santa Marta area of Colombia. The coal was shipped pursuant to one of Coalcorp's short-term coal sales contracts. Coalcorp stock popped 36% to 19 cents.

And, Victory Nickel (TSX: T.NI, Stock Forum) late Thursday announced that the third-party review of the feasibility study on its 100%-owned Minago project in Manitoba is now complete, and the feasibility study is on track for completion in early December. Its shares jumped 14% to 12 cents on Friday.

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Sean Mason

Sean Mason is a Stockhouse market reporter and editor.

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frankseles

True US unemployment rate stands at 17.5% Accordingtofigures released by theDepartment of Labor, the real marker ofAmericanunemployment stands at 17.5percent -- a figure which takes intoaccountunder-employed workers and thosewho have not sought work in thelast four weeks,according to a publishedreport. "Ifstatistics went back so far, themeasure would almost certainly be atitshighest level since the GreatDepression," reporter David Leonhardtwrote in Friday's edition of The New YorkTimesJustyesterday,IshowedyouhowWashington’smassive debt andentitlement obligations havegrowntowellover$100trillion— farmore than our nation could ever hope toservice—letaloneeverrepay

frankseles

WASHINGTON (AP) -- Fannie Mae is asking foranadditional$15 billion in government aid after posting another bigloss in thethirdquarter as taxpayers' bill from the housing market bustkeepsgettingbigger. Themortgage finance company, seized by federalregulatorsin September 2008,posted a quarterly loss of $19.76 billion, or$3.47 per share.The lossincludes $883 million in dividends paidto the Treasury Department and compares withaloss of $29.41 billion, or$13 per share, in the year-ago period.The requestfor federal aid is thecompany's fourth. Fannie Mae has receivedabout $45billion. The newrequest will bring that total to$60billionhttp://www.businessinsider.com/fannie-mae-loses-18-billion-needs-15-billion-more-in-aid-2009-11

frankseles

Société Générale tells clients how to prepare for potential 'global collapse' Unemployment Rose in 29 States Last Month; Michigan Rate Highest at 15.1%... A senior IRGC official warns that Iranian missiles will be on their marks to target the very heart of Tel Aviv in the event of a military attack on the Islamic Republic. “If the enemy tries its luck and fires a missile into Iran, our ballistic missiles would zero in on Tel Aviv before the dust settles on the attack,” said Mojtaba Zolnour, the representative of the Leader of the Islamic Revolution, Ayatollah Seyyed Ali Khamenei, in the Islamic Revolution Guards Corps (IRGC). Zolnour, who was speaking in a Saturday interview with the IRNA news agency, said enemy countries should keep in mind that Iran's military capabilities have made great strides due to the efforts of Iranian experts

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