OTTAWA -- Just as Tom Mulcair attempts to convince Canadians that the NDP is a safe, moderate choice in the Oct. 19 election, some of his party's highest profile supporters are issuing a manifesto calling for a radical restructuring of the country's economy. The "leap manifesto," signed by more than 100 actors, musicians, labour unions, aboriginal leaders, environmentalists and other activists, aims to pressure the next federal government to wean Canada entirely off fossil fuels in as little [Read more]
News
Notley refers to Alberta as ‘embarrassing cousin’
Rachel Notley, in a Global TV News interview, was quoted as saying Alberta is the "embarrassing cousin that no one wants to talk about" when it comes to Alberta's environmental record and her plan to improve it. For Notley to continue with such insinuations would neglect the progress and strong track record that Alberta has with the environment. For example, does Notley fail to realize that the province has drastically lowered greenhouse gas emissions emissions per barrel of oilsands [Read more]
Penn West announces sale of Mitsue properties for $192.5 million
CALGARY, Sept. 15, 2015 /CNW/ - PENN WEST PETROLEUM LTD. (TSX - PWT; NYSE - PWE) ("Penn West", "we", "us" or "our") is pleased to announce that it has entered into a definitive agreement for the sale of its properties in the Greater Mitsue area of Central Alberta for cash consideration of $192.5 million, subject to closing adjustments customary in transactions of this nature. We intend to use the proceeds from this disposition to reduce our senior debt. Upon the completion of the sale of our [Read more]
Saturn Minerals Inc. Announces Update on Bannock Creek Oil Property
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 15, 2015) - Saturn Minerals Inc. (TSX VENTURE:SMI)(FRANKFURT:SMK) ("Saturn" or the "Company") is pleased to announce that further to the news release dated September 02, 2015 the Company has finished a site visit to the locations to determine, among other things, ground conditions, crop status and access with the objective of initiating the drilling program. The Company discussed the accessibility to the drill locations with the Rural [Read more]
Cardinal Announces Light Oil Acquisition, Financing and 2016 Guidance
CALGARY, ALBERTA--(Marketwired - Sept. 15, 2015) - Cardinal Energy Ltd. ("Cardinal" or the "Company") (TSX:CJ) is pleased to announce a significant light oil acquisition (the "Acquisition") in the Mitsue area of Alberta. The Acquisition is consistent with Cardinal's strategy of acquiring large operated low decline oil pools that are under water flood. The Acquisition is key to Cardinal's business strategy as an oil focused company built to provide investors with a stable platform for dividend [Read more]
Sahara Energy Ltd. Announces Changes in Management
CALGARY, ALBERTA--(Marketwired - Sept. 15, 2015) - Sahara Energy Ltd. (TSX VENTURE:SAH) ("Sahara") announces that Dejiang (Martin) Feng and Gary Chang have resigned as officers of Sahara, but are remaining as members of the board of directors. Mr. Yachao Peng, currently a director of Sahara, has been appointed as Sahara's new Chief Executive Officer and the Chairman of the board of directors of Sahara. Mr. Ming Zhou, currently an employee of Sahara, has been appointed as Sahara's [Read more]
Dejour Issues Kokopelli Project Update
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 14, 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 an operational update for its project in NW Colorado. On Kokopelli Pad 21B, Dejour and its operating partner successfully drilled, cased and completed seven Williams Fork wells (Federal 14-15-1-21 through [Read more]
Zargon Oil & Gas Ltd. Provides Little Bow ASP Project Update and Webcast Link for September 17, 2015 Peters Energy Conference Presentation
CALGARY, ALBERTA--(Marketwired - Sept. 14, 2015) - Zargon Oil & Gas Ltd. (TSX:ZAR)(TSX:ZAR.DB) ("Zargon" or the "Company") Little Bow ASP Project Update: Since March 2014, Zargon has been operating an ASP tertiary recovery project in the Little Bow Mannville I pool in southern Alberta, where chemicals are injected in a dilute solution into a mostly depleted reservoir to recover additional oil reserves and oil production volumes. To date, approximately 24 percent of the [Read more]
Security firms dealing with uptick in oilfield theft, vandalism amid downturn
CALGARY - Oilfield security firms say they've been dealing with more troublemakers in recent months with the crude price cratering and bringing drilling activity and jobs down with it.Thieves have been nabbing diesel, generators and other odds and ends that aren't bolted down from oilfield sites, said Joden Dorner, security operations manager at Prospector Energy Services Inc. in Bezanson, Alta., in the province's northwest.He's also seen kicked-in doors and broken windows."There has a little [Read more]
Have your say on what royalty rates need to be in Alberta
The Alberta Government has put together an online "conversation hub" for Albertans to give their own feedback on what needs to be done with the province's royalty rate framework. It is important to have the voice of industry represented in this hub. As the potential for an unfavourable change to royalty rates for industry is a distinct possibility, given the political leanings of the NDP, do not hesitate to share your opinion at the following [Read more]