CALGARY, ALBERTA--(Marketwired - March 31, 2017) - Marksmen Energy Inc. ("Marksmen" or the "Company") (TSX VENTURE:MAH)(OTCQB:MKSEF) announces that it has completed the second and final closing of its previously announced non-brokered private placement for 1,350,000 units (the "Units") of Marksmen at a price of $0.10 per Unit for aggregate gross proceeds of $135,000 (the "Private Placement"), bringing the total raised to date to $281,000. Each Unit is comprised of one (1) common share ("Common [Read more]
Archives for March 2017
Incoming QS Energy CEO and Chairman Jason Lane’s Letter to Shareholders and Board of Directors
SANTA BARBARA, CA--(Marketwired - March 31, 2017) - QS Energy, Inc. (the "Company") (OTCQB: QSEP) is a developer of integrated technology solutions for the energy industry. The following is a statement to the Company's shareholders, Board of Directors, and QS Energy collaborators and customers from Mr. Jason Lane, newly appointed Chief Executive Officer and Chairman.To Our Board Members and Shareholders,This month I had the distinct privilege of being invited to step into the role of Chief [Read more]
Total Energy Services Inc. Announces Acquisition of Shares of Savanna Energy Services Corp. on the TSX
CALGARY, ALBERTA--(Marketwired - March 31, 2017) - Total Energy Services Inc. (TSX:TOT) ("Total" or the "Corporation") announced today that, in connection with its previously announced Offer (as defined below) to purchase all of the issued and outstanding common shares ("Savanna Shares") of Savanna Energy Services Corp. ("Savanna"), it has purchased, through the facilities of the Toronto Stock Exchange (the "TSX"), 163,600 Savanna Shares (the "Acquired Shares"). All of the Acquired Shares were [Read more]
QS Energy Announces Energy Industry Veteran Jason Lane as Incoming Chief Executive Officer and Chairman of the Board
SANTA BARBARA, CA--(Marketwired - March 31, 2017) - QS Energy, Inc. (the "Company") (OTCQB: QSEP) is a developer of integrated technology solutions for the energy industry. The following is a shareholder update from Greggory M. Bigger, Chief Executive Officer and Chairman of QS Energy.To Our Board Members and Shareholders,As you know, the Company's activities have been tightly focused on the commercialization of our AOT technology. In addition to value engineering the hardware from the ground [Read more]
EXCO Resources, Inc. Announces Appointment of Independent Director
DALLAS--(BUSINESS WIRE)--EXCO Resources, Inc. (NYSE:XCO) (“EXCO” or the “Company”) today announced the appointment of Randall E. King to its Board of Directors (the “Board”). Effective March 29, 2017, the Board, acting upon the recommendation of the Nominating and Corporate Governance Committee of the Board, appointed Mr. King as a member of the Board. Mr. King will also serve on the Audit Committee and Compensation Committee of the Board. Mr. [Read more]
Canada Weekly Rig Count Down 30 to 155
Western Canada’s fleet of drilling rigs are slowing down on account of seasonality in the drilling business with only 155 actively drilling according to data collected by Baker Hughes for the week of March 31. Drilling activity is starting to slow down, but still very active in comparison to last year’s count (only 110 active rigs). Will will see a continued drop in activity due to the upcoming spring breakup. Rigs activity will stay low likely until June, when activity will start to pick [Read more]
Clearview Resources Ltd. Acquires Assets and Closes Private Placement
CALGARY, ALBERTA--(Marketwired - March 31, 2017) - Clearview Resources Ltd. ("Clearview") is pleased to announce that it has closed an acquisition of assets in the Pembina area of Alberta for $20,100,001 with an effective date of December 1, 2016. The acquisition adds material production, reserves and development drilling locations in one of Clearview's core areas. Pursuant to the asset acquisition Clearview acquired approximately 1,120 boepd (370 bbls/d oil & liquids and 4.5 mmcf/d gas) of [Read more]
Trade tiff: Alberta premier checking if Saskatchewan’s Wall breaking rules
RED DEER, Alta. - Cross-boundary political sniping between Alberta Premier Rachel Notley and Saskatchewan's Brad Wall has escalated over Wall's attempt to poach oil and gas firms. Wall's government sent letters earlier this week to several Calgary-based energy companies offering them incentives to relocate to Saskatchewan. The government is offering to subsidize relocation costs, trim taxes and royalties and help find space in unused government buildings. Notley on Thursday [Read more]
Chevron Concludes Sale of Geothermal Operations in Indonesia
SAN RAMON, Calif.--(BUSINESS WIRE)--Chevron Corporation (NYSE:CVX) announced that its wholly-owned subsidiaries have completed the sale of Chevron’s geothermal business in Indonesia to Star Energy Consortium. Chevron received the cash proceeds upon settlement on March 31, and will reflect the gain in first quarter 2017 results. The conclusion of the sale of Chevron’s geothermal business in the Philippines is expected later in 2017. Chevron [Read more]
Prairie Provident Announces Fourth Quarter and Year-End 2016 Financial and Operating Results
CALGARY, ALBERTA--(Marketwired - March 31, 2017) - Prairie Provident Resources Inc. ("Prairie Provident", "PPR" or the "Company") (TSX:PPR) is pleased to announce its operating and financial results for the three months and year ended December 31, 2016, and to provide an operational update. PPR's audited consolidated financial statements ("Annual Financial Statements") and related Management's Discussion and Analysis ("MD&A") for the three months and year ended December 31, 2016 are [Read more]
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