There is a lot of media noise these days about rising rig counts, how drillers are enthusiastic again, and how production may stop falling and stabilize. The commentators get into a fever pitch awaiting Friday's weekly report, rushing to their calculators to confirm that there is indeed a trend, their child-like enthusiasm consistently mistaken in the significance of ten more rigs being put to work out of 3,000 in mothballs. If your planning horizons don’t extend beyond the next month, those [Read more]
Archives for August 2016
Energy Hunter Resources Appoints Two New Board Of Director Members — Joe McClaugherty And Rajiv I. Modi, Ph.D.
DALLAS, Aug. 29, 2016 /PRNewswire/ -- Energy Hunter Resources, Inc., an oil-focused energy company headquartered in Dallas, Texas (www.energyhunter.energy), today announced that it has appointed two new independent board of director members: Mr. Joe McClaugherty and Dr. Rajiv I. Modi, effective immediately. Gary C. Evans, Chairman and Chief Executive Officer of Energy Hunter Resources, said, "Since launching Energy Hunter Resources a few months ago, we have completed our first private [Read more]
Manitok Energy Inc. Announces Financial Results for the Second Quarter of 2016 and an Operational Update
CALGARY, ALBERTA--(Marketwired - Aug. 29, 2016) - Manitok Energy Inc. (the "Corporation" or "Manitok") (TSX VENTURE:MEI) announces its financial and operating results for the second quarter of 2016 and provides an operational update. The full text of Manitok's second quarter results are contained in its unaudited condensed interim financial statements as at and for the three and six months ended June 30, 2016 and the related management's discussion and analysis, copies of which are available [Read more]
NEB review hearing into Energy East Pipeline to begin in Montreal today
MONTREAL - The National Energy Board's review of the Energy East Pipeline is heading into what could be hostile territory when hearings resume today in Montreal. First up to speak will be Mayor Denis Coderre, who has called for the hearings to be suspended after questioning their impartiality. The Energy East project is a 4,500-kilometre pipeline that would see crude oil transported from Alberta to Eastern Canada. Many politicians and activists in Quebec have opposed the [Read more]
Sunshine Oilsands Ltd. Inside Information: Extension of Forbearance with Noteholders
HONG KONG, CHINA and CALGARY, ALBERTA--(Marketwired - Aug. 28, 2016) - THIS RELEASE MAY NOT BE DISTRIBUTED IN OR INTO THE UNITED STATES. The Board of Directors (the "Board") of Sunshine Oilsands Ltd. (the "Corporation" or "Sunshine") (HKEX:2012) is pleased to announce the following: EXTENSION OF FORBEARANCE WITH NOTEHOLDERS Reference is made to the announcements of the Corporation dated August 5, 2014, August 8, 2014 and February 5, 2016 (all Hong Kong time) in [Read more]
NEB review hearing into Energy East Pipeline heads to hostile territory
MONTREAL - The National Energy Board's review of the Energy East Pipeline heads to hostile territory Monday when it resumes in Montreal, where the city's mayor has called for the process to be suspended. Denis Coderre, who has long opposed the $15.7-billion project, is scheduled to be the first to speak at the public hearings. But he has said he is "not comfortable" with the review following revelations that former Quebec premier Jean Charest met last year with the board chairman [Read more]
Alberta Oilsands Inc. Provides Notice to Smoothwater Capital Corporation on Previous Requisition Notice
CALGARY, ALBERTA--(Marketwired - Aug. 26, 2016) - Alberta Oilsands Inc. ("AOS") (TSX VENTURE:AOS) announces that further to its press release on August 23, 2016, AOS has provided notice to Smoothwater Capital Corporation ("Smoothwater") that, due to the fact that the notice received from Smoothwater on August 22, 2016, under the AOS advance notice by-laws (for the nomination of five Smoothwater nominee directors at AOS's next annual meeting of shareholders) (the "Nomination Notice") is [Read more]
Lightstream Announces Receipt of Commitment Letters, Amendments to Recapitalization Support Agreement and Revised Meetings Date
CALGARY, ALBERTA--(Marketwired - Aug. 26, 2016) - Lightstream Resources Ltd. (the "Company" or "Lightstream") (TSX:LTS) announces that, in connection with our previously announced proposed recapitalization transaction to be implemented by way of a plan of arrangement (the "Arrangement") under the Canada Business Corporations Act (the "CBCA"), the Company has obtained commitments from a syndicate of lenders to provide a new CDN$400 million revolving credit facility to the Company upon completion [Read more]
Connacher Announces Q2 2016 Results
CALGARY, Aug. 26, 2016 /CNW/ - Connacher Oil and Gas Limited ("Connacher" or the "Company") announces its financial and operating results for the three and six months ended June 30, 2016 ("Q2 2016") (all amounts are in Canadian dollars unless otherwise noted). Q2 2016 Highlights Financial Q2 2016 and YTD 2016 revenue, net of royalties, decreased 68% to $22.8 million (Q2 2015 - $71.3 million) and 72% to $34.6 million (YTD 2015 - $125.1 million), respectively, due to the decline in [Read more]
Quebec coalition of businesses and unions in favour of Energy East pipeline
MONTREAL - A coalition of business groups and large unions came out together in defence of TransCanada's Energy East pipeline project Friday and said it will spur economic development and job creation. Representatives from several business federations and two construction unions made their announcement just days before the National Energy Board holds hearings on the pipeline on Monday in Montreal. Union head Michel Trepanier said workers stand to benefit for five years from [Read more]
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