CALGARY - Strategic Oil & Gas Ltd. (TSXV: SOG) ("Strategic" or the "Company") announces that following discussions with GMT Capital Corp ("GMT"), manager of certain investment funds which hold $14.6 million of the Company's outstanding first-lien secured notes, GMT has delivered a Notice of Intention to Enforce Security under Section 244 of the Bankruptcy and Insolvency Act (Canada) whereby GMT sets forth its intention to enforce its security for repayment of the notes. In connection [Read more]
Pine Cliff Energy Ltd. Provides Operational Update
Calgary, Alberta - Pine Cliff Energy Ltd. (TSX: PNE) ("Pine Cliff", or the "Company") is pleased to provide an update on its Pekisko development program which continues to demonstrate encouraging results. Pekisko Development Program Update Pine Cliff's first horizontal oil well ("13-33") targeting the Pekisko formation in Central Alberta came on production on January 18, 2019, and has averaged 249 Boe/d (111 Bbl/d oil, 27 Bbl/d natural gas liquids and 666 Mcf/d natural gas) through the [Read more]
AltaGas Canada Inc. Shareholders Approve Arrangement Involving PSP Investments and ATRF
Calgary and Edmonton, Alberta and Montreal, Quebec--(Newsfile Corp. - December 19, 2019) - AltaGas Canada Inc. (TSX: ACI) ("ACI"), and a consortium formed by the Public Sector Pension Investment Board ("PSP Investments") and the Alberta Teachers' Retirement Fund Board ("ATRF" and together with PSP Investments, the "Consortium") announced today that the holders of common shares of ACI ("Common Shares") have approved the previously announced arrangement (the "Arrangement").Pursuant to the [Read more]
Shoal Point Energy Ltd. Announces First well spudded at Mt. Evans
Vancouver - Mark Jarvis, CEO of Shoal Point Energy Ltd. (CSE: SHP), announced today that the first well at the Company's Mt. Evans Project has been spudded and surface casing was successfully set at a depth of 1451 feet. "The crews are now off for the holidays," said Mr. Jarvis. "The plan is to return to site January 3 and complete drilling and testing of this well. So far, we are running structurally high, which is good news." About Shoal Point Energy Ltd. Shoal Point Energy Ltd. is a [Read more]
Briko Energy Corp. Announces Complimentary Property Acquisition
Calgary - Briko Energy Corp. ("Briko" or the "Corporation") is pleased to announce that it has executed a purchase and sale agreement ("PSA") to acquire complementary Cardium oil and natural gas assets in the Alberta foothills (the "Complementary Assets") with an effective date of November 1, 2019. In addition to executing the PSA, Briko is also pleased to announce that it has entered into a $1.5 million credit agreement with Tallinn Capital Energy Corp. ("Tallinn"). The Complementary Assets [Read more]
Bonavista Announces Synergistic Asset Acquisition
Calgary, Alberta - Bonavista Energy Corporation (TSX: BNP) ("Bonavista" or the "Company") is pleased to announce the acquisition of certain oil and liquids rich natural gas weighted properties (the "Acquired Assets") located within our West Central Alberta core area (the "Acquisition") which are synergistic to our existing operations, complementary to our development plans and accretive to our debt leverage. The transaction closed on December 4th, 2019 with an effective date of November 1st, [Read more]
Pine Cliff Energy Ltd. Announces Management Update
Calgary - Pine Cliff Energy Ltd. (TSX: PNE) ("Pine Cliff" or the "Company") announces the resignation of Cheryne Lowe, Pine Cliff's Chief Financial Officer and Corporate Secretary to pursue other opportunities, effective December 4th, 2019. The Company would like to thank Ms. Lowe for her leadership and contributions and wish her all the best in the future. The Company has appointed Alan MacDonald Chief Financial Officer and Corporate Secretary, effective December 4, 2019. Mr. MacDonald is a [Read more]
DXI Closes Gross Proceeds of C$959,832 in Brokered Equity Financing at C$0.03 per Unit
Vancouver, British Columbia--(Newsfile Corp. - December 3, 2019) - DXI Energy Inc. (TSX: DXI.TO) (OTCQB: DXIEF) ("DXI" or the "Company"), an upstream oil and natural gas exploration and production company operating projects in Colorado's Piceance Basin and the Peace River Arch region in British Columbia today announced that it closed a brokered private placement with gross proceeds of C$959,832 (net proceeds of C$944,184) by way of the issuance of 31,994,400 Units at C$0.03 per Unit. Each [Read more]
Briko Energy Corp. Announces Third Quarter 2019 Financial and Operating Results
Calgary - Briko Energy Corp. ("Briko" or the "Corporation") is pleased to report its financial and operating results for the three and nine months ended September 30, 2019. Financial and operational information is set out below and should be read in conjunction with Briko's September 30, 2019 condensed unaudited interim financial statements and the related management's discussion and analysis ("MD&A"). Briko's condensed unaudited interim financial statements and MD&A are available for [Read more]
Leucrotta Announces Q3 2019 Financial and Operating Results
Calgary, Alberta - LEUCROTTA EXPLORATION INC. (TSXV: LXE) ("Leucrotta" or the "Company") is pleased to announce its financial and operating results for the three and nine months ended September 30, 2019. All dollar figures are Canadian dollars unless otherwise noted. HIGHLIGHTS Achieved adjusted funds flow of $1.8 million in Q3 2019. Maintained production at 3,065 boe/d in Q3 2019 from 3,119 boe/d in Q2 2019. Maintained working capital of $2.2 million at September 30, [Read more]