Over the past week, Prime Minister Stephen Harper has announced two tax relief measures to help Canadian small businesses if the Conservatives are re-elected. With the Alberta oil and gas industry reeling in a one of the worst downturns to hit the industry in thirty years, any help to small business comes as very helpful indeed. Given the lack of support offered by the Provincial NDP's and looming promises made by the Federal NDP and Liberal parties, Harper's announcements to help small business [Read more]
News
Quattro Signs Agreement to Increase Working Capital by $4,000,000 and Confirms a Capital Budget of $12,800,000 in 2016
CALGARY, Alberta, Sept. 14, 2015 (GLOBE NEWSWIRE) -- Quattro Exploration and Production Ltd. ("Quattro" or the "Company") (TSX-V:QXP) is pleased to announce the signing of an agreement to increase working capital by $4,000,000. The increase in working capital shall be derived through an increase in the Company's long term debt from $6,264,500 to $10,000,000 and a reduction in repayment terms to reflect the increased production and reserve life of the Company over the past 2 years. "The [Read more]
Blackbird Energy Inc. Provides Operational Update Including Commencement of Drilling Program
CALGARY, ALBERTA--(Marketwired - Sept. 14, 2015) - (TSX VENTURE:BBI) Blackbird Energy Inc. ("Blackbird" or the "Company") is pleased to provide an operational update regarding its drill program at Elmworth and the significant progress made regarding infrastructure and tie-in. Drilling Operations & Strategy Blackbird is pleased to announce that it has received a drilling license for its third well (the "well" or the "third well") and will now commence its previously announced 2015 [Read more]
15 ways Alberta doesn’t get the credit it deserves on the Environment
Well funded special interest groups are no stranger to harping about the need to curb carbon emissions, and reduce the environmental impact that resource development of any kind has on the environment. However what seems to get lost in the messages that each lobbyist or special interest group disseminates through the media are the following 15 reasons why Alberta doesn't get the credit that it deserves: The province has drastically lowered greenhouse gas emissions emissions per barrel of [Read more]
Drilling company PHX Energy Services cuts half of workforce, 500 jobs lost
CALGARY - Calgary-based drilling company PHX Energy Services Corp. has laid off nearly 50 per cent of its workforce, putting more than 500 people out of work.The company, which provides drilling technology and services to oil and gas companies in Canada, the United States, Albania and Russia, says most of the job cuts affected people living in Alberta.PHX said in a statement that the layoffs were necessary due to "current market challenges and uncertainty with respect to future oil commodity [Read more]
B.C. pipeline protester takes senior role in Notley’s Calgary office
Rachel Notley has appointed a vocal protester of pipelines to run communications and stakeholder outreach in the Alberta NDP Calgary office. Marcella Munro, a former CBC reporter, NDP activist, and former Earnscliffe Strategy Group lobbyist, has a history of openly opposing pipelines such as Enbridge's Northern Gateway project. “Those of us who oppose it need to keep pushing,” she tweeted in 2013. Cheryl Oates, Notley’s press secretary, was quoted as saying “Marcella works for the Premier [Read more]
Abolition of US crude oil export restrictions could spur wider US-Canada price differential
Amid talk of the persistent crude oil supply glut, relatively little attention has been paid to the one notable quirk about US energy exports: they are heavily restricted. Those restrictions are of course a legacy of the supply shocks that characterized 1970s energy markets, a consequence of the OPEC oil embargoes. The system is not an outright ban but rather an export licensing regime. This regime is subject to notable geographic exceptions. Exports to Canada and more recently to Mexico are [Read more]
First major anti-NDP rally slated for Sunday in Edmonton
After reading articles like this one, one may begin to realize (if not already), that Alberta under the newly elected NDP leadership, is going in the wrong direction. In response to the growing dissonance, the first major anti-NDP rally is slated for Sunday in Edmonton at 2:00PM on the grounds of the Alberta legislature. Stand-Up-For-Alberta, as it's called, will highlight three important themes throughout the day: industry, small business, and the economy. The rally is both approved and [Read more]
Artisan Energy Closes Second Tranche of Brokered Private Placement
CALGARY, ALBERTA--(Marketwired - Sept. 10, 2015) - Artisan Energy Corporation ("Artisan" or the "Corporation") (TSX VENTURE:AEC) is pleased to announce that it has closed a second tranche of its previously announced brokered private placement of common shares ("Private Placement") with Richardson GMP Limited ("Richardson GMP") as agent. Artisan has issued 3,350,000 common shares at a price of $0.10 per common share for aggregate gross proceeds of $335,000. Artisan expects to close the [Read more]
Bayshore Petroleum Corp. Announces Agreement to Jointly Develop Athabasca Oilsands Property and Produce Commercial Diesel Using New Technologies
CALGARY, ALBERTA--(Marketwired - Sept. 10, 2015) - Bayshore Petroleum Corp. ("Bayshore" or the "Company") (TSX VENTURE:BSH) announces it has entered into a Memorandum of Understanding (the "MOU") with Athabasca bitumen producer E-T Energy Ltd. ("ET"), which has operations in the Poplar Creek, Fort McMurray area of Alberta. Under the MOU, Bayshore and ET intend to raise capital and implement a construction and operations program to accomplish two objectives: [Read more]