CALGARY, ALBERTA--(Marketwired - Oct. 16, 2015) - Valparaiso Energy Inc. (the "Corporation") (NEX:VPO.H) is pleased to announce that it intends to complete a private placement financing of up to $300,000 through the issuance of units consisting of up to 15,000,000 common shares of the Corporation at a price of $0.02 per share. The common shares will be subject to a four month hold period. Proceeds of the offering will be primarily used for the remediation of an existing natural gas well in [Read more]
News
Oil and gas industry struggles to balance environmental and budgetary pressures
CALGARY - Canada's oil and gas industry is facing increased environmental and budgetary pressures, with experts saying the sector is struggling to balance the two.Oilsands companies have, in recent years committed billions of dollars to pilot projects that promise to reduce environmental impacts, says Eddy Isaacs, chief executive of the energy and environment wing of Alberta Innovates, a provincial organization that fosters research. But Isaacs notes that as low oil prices drag on, companies are [Read more]
Standard and Poor’s says credit outlook worsens for some Canadian energy firms
CALGARY - Standard and Poor's says the picture is getting worse for six Canadian oil and gas names as low oil and gas prices linger.The credit rating agency said Friday it has taken "negative rating actions" on two big companies — Cenovus Energy (TSX:CVE) and Husky Energy (TSX:HSE) — along with four smaller ones.Credit ratings matter to companies because they can affect borrowing costs.Cenovus and Husky are still considered "investment grade," meaning they have a high likelihood of meeting their [Read more]
Marquee Energy Ltd. Announces Michichi Contingent Resource Assessment
CALGARY, AB--(Marketwired - October 16, 2015) - Marquee Energy Ltd. ("Marquee" or the "Company") (TSX VENTURE: MQL) is pleased to announce the results of an independent contingent resources evaluation performed by Sproule Associates Limited ("Sproule") with an effective date of August 31, 2015. The resource evaluation was prepared in accordance with the Canadian Oil and Gas Evaluation Handbook ("COGEH") and includes the lands held by Marquee as of August 31, 2015 in the Michichi area of Alberta [Read more]
Industry detractors will not be satisfied with a change in government
It is hardly news by now that export pipelines are crucial as far as the long-term health of Canada's oil & gas sector is concerned. Opposition remains at fever pitch, and multi-billion dollar projects are in limbo, held hostage to political and bureaucratic wrangling. Liberal Leader Justin Trudeau blames Prime Minister Stephen Harper for the impasse, arguing that the government failed to build support in the United States and among concerned stakeholders in Canada. “[F]or all Mr. [Read more]
Gear Energy Ltd. Announces 2015 Operational Update and Revised 2015 Capital Guidance
CALGARY, ALBERTA--(Marketwired - Oct. 16, 2015) - Gear Energy Ltd. ("Gear") (TSX:GXE) is pleased to announce operational highlights for the third quarter of 2015 and revised capital guidance for 2015. 2015 Operational update • Stable field production of approximately 5,500 boe/d was realized during the third quarter of 2015. Estimated sales production for the quarter came in [Read more]
Chinook Energy Inc. Continues Its Montney Success at Birley/Umbach and Manages Production Levels During Pipeline Service Restrictions
CALGARY, ALBERTA--(Marketwired - Oct. 16, 2015) - Chinook Energy Inc. ("Chinook" or the "Company") (TSX:CKE) today provided the following operational update. Operations Update Chinook continues to deliver strong results and improved capital efficiencies on its 2015 Montney drilling program at Birley/Umbach in northeastern British Columbia. During the third quarter of 2015, Chinook completed three wells (2.75 net) at Birley/Umbach which had all been drilled during the first [Read more]
Delphi Energy Announces Agreement to Sell Greater Hythe Assets for $12 Million
CALGARY, ALBERTA--(Marketwired - Oct. 15, 2015) - Delphi Energy Corp. ("Delphi" or the "Company") (TSX:DEE) is pleased to announce it has entered into a purchase and sale agreement to sell its working interests in producing properties, facilities and infrastructure and undeveloped land in the greater Hythe area for $12.0 million, subject to normal course closing adjustments. Disposition Details of the divested assets are as follows: Production for the seven months ending July 31, 2015 [Read more]
Tidewater Midstream and Infrastructure Ltd. Announces Strategic Acquisition within New Core Area of Peace River Arch
CALGARY, AB--(Marketwired - October 15, 2015) - Tidewater Midstream and Infrastructure Ltd. ("Tidewater" or the "Corporation") (TSX VENTURE: TWM) is pleased to announce that it has entered into an acquisition agreement with a vendor (the "Vendor") to acquire a 19.12% working interest in one operated 45 Mmcf/day gas processing facility, and interests in two non-operated gas processing facilities with total processing capability of 330 Mmcf/day including 250 kilometers in related pipelines, six [Read more]
Dejour Energy Re-Brands as DXI Energy Inc. Reflecting New Production, Reserves and Change in Capital Structure
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 15, 2015) - Dejour Energy Inc. (NYSE MKT:DEJ)(TSX:DEJ) ("Dejour" or the "Company"), an independent oil and gas exploration and production company operating in North America's Piceance Basin and Peace River Arch regions, today announced that it will change its name to DXI Energy, Inc. In conjunction with the name change that is expected to take place on or about October 30, 2015, the Company will consolidate its common shares on a 1 for 5 basis. [Read more]