CALGARY, Alberta, Aug. 26, 2020 (GLOBE NEWSWIRE) -- Gibson Energy Inc. (“Gibson” or the “Company”), (TSX: GEI), announced today the submission of its inaugural climate change questionnaire to CDP (formerly Carbon Disclosure Project) and the creation of its Sustainability and ESG Board Committee. Submission to CDP To provide increased transparency for the Company’s stakeholders regarding its environmental and climate-related performance, Gibson has submitted its inaugural climate change [Read more]
Pieridae hires experienced SVP to lead its Goldboro LNG project
CALGARY, Alberta - Pieridae Energy Limited (“Pieridae” or the “Company”) (PEA.TO) is pleased to announce it has engaged veteran LNG industry professional Andy Mukherjee P.Eng. as Senior Vice-President LNG to lead the development of its multi-billion-dollar Goldboro LNG Project. Mr. Mukherjee has worldwide expertise in front-end engineering and design; detailed engineering, procurement, contracts, construction, and commissioning (“EPCC”); including module fabrication and construction related to [Read more]
Pipestone Energy Corp. announces unplanned outage at the Keyera Wapiti Gas Plant
CALGARY, Alberta - (PIPE – TSX-V) Pipestone Energy Corp. (“Pipestone Energy” or the “Company”) was notified by Keyera Corp. (“Keyera”) on August 17, 2020 of an issue relating to the Waste Heat Recovery System within the Keyera Wapiti Gas Plant (“Keyera Plant”). This failure has resulted in an unplanned outage. After performing an inspection of the affected equipment, Keyera expects the repairs to be completed and the Keyera Plant to resume operations by the end of next week. During this outage, [Read more]
Cequence Energy announces proposed plan of compromise and arrangement and meeting of creditors
CALGARY, Alberta - Cequence Energy Ltd. (“Cequence” or “the Company“) announces a recapitalization transaction (the “Restructuring Transaction”), to be implemented as a plan of compromise and arrangement (the “Plan”) under the Companies’ Creditors Arrangement Act (“CCAA”) that will allow Cequence to reduce its debt and interest costs and improve liquidity to fund future operations. In connection with the Plan, Cequence has entered into a restructuring support agreement (the “Support Agreement”) [Read more]
Pipestone Energy Corp. Reports Mailing of Circular and RSU Awards
CALGARY, Alberta, Aug. 21, 2020 (GLOBE NEWSWIRE) -- (PIPE – TSX-V) Pipestone Energy Corp. (“Pipestone Energy” or the “Company”) announces that the management information circular of the Company (the “Information Circular”) relating to the annual and special meeting (the “Meeting”) of the shareholders of Pipestone Energy (the “Shareholders”) which has been prepared by the management of the Corporation in connection with the solicitation of proxies to be voted at the Meeting to be held at 2:30 [Read more]
International Petroleum Corp. senior management change
International Petroleum Corporation (IPC) (TSX, Nasdaq Stockholm: IPCO) is pleased to announce that William Lundin has been appointed as Chief Operating Officer of IPC, effective as of December 1, 2020. Mike Nicholson, Chief Executive Officer of IPC comments: “William has worked in the engineering and production operations departments at IPC in Canada and prior to that, worked for BlackPearl Resources Inc. which was acquired by IPC in December 2018. He has developed a deep understanding of [Read more]
Suncor provides update on Base Plant mining operations
CALGARY, Alberta - Suncor today provided an update on the Base Plant mining operations following an incident which occurred on August 14, 2020. At approximately 7 p.m. MT on August 14, a fire occurred in the secondary extraction area of the Base Plant mining operations impacting mined bitumen production. The fire was contained quickly and extinguished some hours later. All personnel in the immediate and surrounding areas were safely evacuated and there were no injuries. The appropriate [Read more]
InPlay Oil Corp. announces BDC term facility and provides second quarter 2020 financial and operating results
CALGARY, Alberta - InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) (“InPlay” or the “Company”) is pleased to announce that it has entered into a non-binding term sheet (the “BDC Term Sheet”) with the Business Development Bank of Canada (“BDC”), in partnership with our syndicate of lenders, for a non-revolving term facility of up to $25 million with a four year term. The Company is also announcing its financial and operating results for the second quarter. InPlay’s condensed unaudited interim [Read more]
Zargon Oil & Gas Ltd. provides 2020 second quarter results
CALGARY, Alberta - Zargon Oil & Gas Ltd. (“Zargon” or the “Company”) (TSX:ZAR) has released its 2020 second quarter financial results. Highlights from the second quarter ended Jun. 30, 2020 are provided below: FINANCIAL AND OPERATING HIGHLIGHTS (THREE MONTHS ENDED JUNE 30, 2020) The Company may be required to seek formal creditor protection in the very near term. There is material uncertainty surrounding the Company’s ability to continue as a going concern that creates significant [Read more]
Painted Pony announces second quarter financial and operating results
CALGARY, Alberta - Painted Pony Energy Ltd. (“Painted Pony” or the “Corporation”) (TSX: PONY) announces second quarter 2020 financial and operating results. HIGHLIGHTS Announced an agreement to be acquired by Canadian Natural Resources Limited for $0.69 per share, representing a 30% premium to the 20-day volume weighted average price of $0.53 per share at the time of the announcement on Monday, August 10, 2020; Averaged daily production of 305,058 Mcfe/d (50,843 boe/d) during the [Read more]
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