CALGARY, AB / ACCESSWIRE / May 31, 2019 / Point Loma Resources Ltd. (TSX VENTURE: PLX) (the "Corporation" or "Point Loma") announces that in order to preserve its cash on hand, it has entered into debt settlement agreements with certain arm's length parties to settle trade payables in the sum of $543,750 in consideration for the issuance of 3,020,835 settlement units where each unit is comprised of one common share in the capital of the Corporation (the "Common Shares") and one common share [Read more]
Archives for May 2019
Crew Energy Inc. Announces Annual Meeting Results for Election of Directors
CALGARY, May 30, 2019 /CNW/ - Crew Energy Inc. (TSX: CR) ("Crew" or the "Company") today announces the voting results for the election of directors at its annual meeting of shareholders held earlier today (the "Meeting"). Each of the seven nominees proposed by Crew and as set forth in the Information Circular – Proxy Statement provided to shareholders in connection with the Meeting were elected as directors, with common shares represented at the Meeting voting in favour of individual nominees [Read more]
Zargon Oil & Gas Ltd. Report on Voting from the 2019 Shareholders Meeting and Completion of Share Consolidation
CALGARY, Alberta, May 30, 2019 (GLOBE NEWSWIRE) -- (TSX - ZAR) Zargon Oil & Gas Ltd. ("Zargon" or the "Company") announces that the following matters were voted upon at the annual and special meeting of the shareholders of Zargon held on May 30, 2019 in Calgary, Alberta. More information about the matters considered at the meeting can be found in the Company's information circular dated April 22, 2019, a copy of which is available on SEDAR under the Company's issuer profile, accessible at [Read more]
Enbridge offers 2024 finish for Great Lakes tunnel project
TRAVERSE CITY, Mich. - Enbridge Inc. said Thursday it could have a proposed oil pipeline tunnel built and operating beneath a crucial Great Lakes channel by early 2024, responding to demands from Michigan officials to expedite the shutdown of existing twin pipelines. The Canadian company said it had sent Gov. Gretchen Whitmer a revised timeline for drilling the $500 million tunnel through bedrock beneath the Straits of Mackinac, the 4-mile-wide (6.4-kilometre-wide) channel linking Lakes Huron [Read more]
Eagle Energy Inc. Announces Change of Chief Financial Officer
CALGARY, May 30, 2019 /CNW/ - (TSX: EGL): Eagle Energy Inc. ("Eagle") announced today that Brenda Galonski, Vice President, Finance and Controller of Eagle, will succeed Kelly Tomyn as Eagle's Chief Financial Officer, effective June 1, 2019. Wayne Wisniewski, President and Chief Executive Officer, commented, "On behalf of Eagle and its board of directors, I would like to thank Ms. Tomyn for her valuable contributions as Eagle's CFO since 2010 and wish her the very best in her future [Read more]
Alberta says July oil production limit will be 3.71 million bpd
The government of Canada's main crude-producing province Alberta said on Thursday companies will be limited to producing 3.71 million barrels per day of crude in July, keeping curtailments unchanged from June.Alberta introduced mandatory production curtailments, effective Jan. 1, to ease a glut of crude in storage that had pushed Canadian crude prices to record discounts versus U.S. barrels.Energy Ministry spokeswoman Samantha Peck said the government had not yet decided what curtailments [Read more]
Alberta says July oil production limit will be 3.71 million bpd
The government of Canada's main crude-producing province Alberta said on Thursday companies will be limited to producing 3.71 million barrels per day of crude in July, keeping curtailments unchanged from June.Alberta introduced mandatory production curtailments, effective Jan. 1, to ease a glut of crude in storage that had pushed Canadian crude prices to record discounts versus U.S. barrels. (Reporting by Nia Williams; Editing by Cynthia Osterman) [Read more]
Enbridge Statement on Future of Line 5 in Michigan
CALGARY, May 30, 2019 /PRNewswire/ - Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge or the Company) today addressed statements made yesterday by the Michigan Attorney General and Governor about our joint efforts with the State on the proposed construction of an underground tunnel that would ultimately house a replacement of the existing Line 5 pipelines across the Straits of Mackinac, which have always operated safely. In recent meetings and in a letter to the Governor, Enbridge has [Read more]
Tourmaline Oil: Rises on higher free cash flow estimates
** Shares of Canadian oil and gas producer rise 1.8% to C$18.00** Co updates 5-yr plan with increased focus on generating surplus cash flow** TOU sees aggregate free cash flow rising by about C$840 mln ($621.85 mln) to a total of about C$3.05 bln over 5 years** Co's new plan maintains annual production guidance at 300,000 boe/d in 2019, growing to 377,000 boe/d in 2023** BMO raises rating to "outperform", maintains PT of C$23 ** 13 brokerages rate the stock "buy" or [Read more]
Alberta set to pass law to kill provincial carbon tax, as federal tax looms
EDMONTON - The Alberta legislature is expected to pass a bill today to kill the province's carbon tax on consumers. And the province says drivers and home and business owners should already be feeling the effects. As part of the bill, Premier Jason Kenney's government announced the carbon tax on gas at the pumps and on fossil-fuelled heating would end as of this morning. The premier's office says that, as with all tax change announcements, it takes effect at the time it's announced, [Read more]
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