BOE Report

Point Loma Resources Announces Second Delineation Well to Spud at Wizard Lake and Commencement of Facilities Expansion

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]

Point Loma Resources Announces Initial Production From Wizard Lake Rex Oil Discovery and Announces June 19th Live Webinar at 11:00am PT (2:00pm ET)

CALGARY, ALBERTA / ACCESSWIRE / June 18, 2019 / Point Loma Resources Ltd. (TSX-V: PLX) (the "Corporation" or "Point Loma") is pleased to announce first oil production from the Corporation's Wizard Lake Rex oil discovery and provides an operational update. Point Loma would also like to announce that it will be hosting a live webinar at 11:00am PT (2:00pm ET) on Wednesday, June 19th. Please see webinar details below. Highlights: The Wizard Lake 16-17-48-27W4 Rex oil well was placed on [Read more]

American Resources Corporation Upgrades Deane Mining’s Mill Creek Prep Plant

FISHERS, IN / ACCESSWIRE / June 5, 2019 / American Resources Corporation (NASDAQ: AREC), a supplier to the rapidly growing global infrastructure marketplace, with a primary focus on the extraction, processing, transportation and selling of metallurgical coal to the steel industry, announced today that they have started the process to upgrade the Mill Creek coal preparation plant to allow the company to commercially process premium stoker sized coal. American Resources' Mill Creek Prep Plant is [Read more]