Point Loma Resources Ltd. (TSXV:PLX) ("Point Loma" or the "Corporation") is pleased to announce the upcoming drilling of the second delineation well at Wizard Lake and the expansion of production facilities. Highlights Partner Salt Bush Energy Ltd. ("Salt Bush") has elected to drill the second farm-out well under the Wizard Lake farm-out agreement and intends to spud the HZ 13-4-48-27W4 well in mid-November. Salt Bush will incur 100% of the costs to drill, complete and equip the 13-4 … [Read more...]
Torchlight Energy Achieves New Horizontal Well Results and Drills New Vertical Test Well in The Orogrande Basin Project
PLANO, TX / ACCESSWIRE / October 31, 2019 / Torchlight Energy Resources, Inc. (NASDAQ:TRCH) ("Torchlight" or the "Company"), today announced that in concert with ongoing efforts to identify, provide scientific data and enter an agreement with potential suitors for development of the sizable Orogrande Basin Project development, the Company has completed the drilling of the Cactus A35 1H lateral with partner Maverick Operating and is underway on drilling a new vertical test well, the Founders A25 … [Read more...]
PetroFrontier Corp. Announces Proposed Financing
PetroFrontier Corp. ("PetroFrontier") (TSXV:PFC) is pleased to announce that it has entered into a letter of intent and related term sheet with an arm's-length third party funder whereby the third party funder and its affiliates (collectively, the "Funder") will provide funding to allow PetroFrontier to further develop its interests in the Cold Lake and Wabasca areas of Alberta (the "Proposed Funding Transaction"). Pursuant to the term sheet, the Proposed Funding Transaction will proceed as … [Read more...]
Eco (Atlantic) Oil and Gas Ltd Announces Director Dealing
ECO (ATLANTIC) OIL & GAS LTD. ("Eco", "Eco Atlantic", "Company" or, together with its subsidiaries, the "Group") Director Dealing TORONTO, ON / ACCESSWIRE / October 9, 2019 / Eco (Atlantic) Oil & Gas Ltd. (AIM: ECO, TSX-V: EOG) was yesterday notified that on 8 October Peter Nicol, Non-Executive Director of the Company, acquired 40,000 common shares in the Company at a price of 141.35p per share (the "Share Purchase"). Following the Share Purchase, Peter Nicol is beneficially interested in, in … [Read more...]
Point Loma Resources Announces Successful 700 boepd Delineation Well Test at Wizard Lake
Point Loma Resources Ltd. (TSX.V:PLX) (the “Corporation” or “Point Loma”) is pleased to announce production test results for the Wizard Lake HZ 1-8-48-27W4 Rex oil pool delineation well. Highlights Test rate for the Rex horizontal oil well over the last 24 hours of the test period to 3pm September 4, 2019 was approximately 350 barrels of 18.5 API oil per day (bopd) and 700 barrels of oil equivalent per day (boe/d) (Figure 1). The well was the first of a two well farm-out at Wizard … [Read more...]
Prospera Energy Inc. reports Q2 results 2019
Prospera Energy Inc. (TSXV:PEI)(FRA:OF6A) ("Prospera", the "Corporation") is pleased to announce its financial and operating results for the six months ended June 30, 2019. The condensed interim financial statements, and related management’s discussion and analysis ("MD&A") will be available at www.sedar.com and www.prosperaenergy.com. OPERATION AND FINANCIAL SUMMARY The Corporation’s oil and gas revenues have experienced significant growth due to changes in production volumes and the … [Read more...]
Point Loma Resources Announces Entering into an Agreement to Market its Wizard Lake Rex Oil Property
CALGARY, AB / ACCESSWIRE / July 17, 2019 / Point Loma Resources Ltd. (TSX VENTURE: PLX) (the "Corporation" or “Point Loma”) is pleased to announce the retention of Mackie Research Capital Corporation (“MRCC”) to market the Corporation’s Wizard Lake Rex oil property in central Alberta. Highlights: MRCC and Point Loma have entered into an engagement agreement whereby Mackie will canvas the market for parties potentially interested in a transaction to acquire the Corporation’s interest in … [Read more...]
Point Loma Resources Announces Operational Update of Wizard Lake Rex Oil Discovery and Issuance of Settlement Units
CALGARY, AB / ACCESSWIRE / July 4, 2019 / Point Loma Resources Ltd. (TSX VENTURE: PLX) (the "Corporation" or "Point Loma") is pleased to announce an update on production and upcoming development drilling of the Corporation's Wizard Lake Rex oil discovery and the issuance of Settlement Units (as defined below). Highlights: The Wizard Lake 16-17-48-27W4 Rex oil discovery well was placed on production June 5, 2019. Oil production for the month of June is estimated at 4,280 bbls over a … [Read more...]
GulfSlope Energy Launches Shallow Prospect Program
GulfSlope executes Letter of Intent to form joint venture related to shallow depth prospects located in the Gulf of Mexico Shelf HOUSTON, TX / ACCESSWIRE / June 28, 2019 / GulfSlope Energy, Inc. (OTCQB: GSPE) ("GulfSlope" or the "Company") today announced the execution of a letter of intent with a privately held oil and gas company (the "Partner") to form a joint venture to generate and drill shallow depth prospects in the Gulf of Mexico (the "Joint Venture"). GulfSlope will retain and deploy … [Read more...]
Camber Energy Provides Final Agreements Related to its Preferred C Shareholder to the NYSE American in Connection with its Planned Acquisition of Lineal Star Holdings
HOUSTON, TX / ACCESSWIRE / June 20, 2019 / Camber Energy, Inc. (NYSE American: CEI) (the "Company" or "Camber"), based in Houston, Texas, today announced that it has come to agreement on mutually acceptable transaction documents with the holder of the Company's Series C Redeemable Convertible Preferred Stock and has provided the NYSE American with copies of the final documents memorializing said agreement for its review. The approval of the NYSE American of the terms and conditions of these … [Read more...]
