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 $2.2 million at September 30, [Read more]
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Point Loma Resources Announces Third Quarter 2019 Financial and Operating Results
CALGARY - Point Loma Resources Ltd. (TSXV:PLX) (the "Corporation" or "Point Loma") reports its financial and operating results for the three and nine months ended September 30, 2019. Highlights of the period and additional updates are summarized below: Q3 - 2019 Financial and Operating Results Three months ended September 30 Nine months ended September 30 2019 2018 2019 2018 Financial ($ thousands, except share [Read more]
New Oil and Gas Jobs From BOE Report Jobs
Here are the latest oil and gas job postings courtesy BOE Report Jobs. To search and filter all the latest jobs, visit the BOE Report job board. All job listings are free to post for companies. Sign up to create an account to post jobs; it’s simple and easy to use. Posting Date Job Title Company Location Nov. 25 Field Operator Long Run Exploration Ltd. High Level Nov. 25 Field Operator Roska DBO Drumheller Nov. 25 Operations Accountant Torxen Oil & Gas [Read more]
Traverse Announces Receipt of Repayment Demand and Expected Appointment of Receiver
CALGARY - Traverse Energy Ltd. (“Traverse” or “the Company”) (TSX Venture: TVL) announces that following discussions with ATB Financial (“ATB”), its lender under the Company’s revolving operating loan facility, ATB has demanded repayment of all amounts owing thereunder, being approximately $6.5 million, and delivered a Notice of Intention to Enforce Security under Section 244 of the Bankruptcy and Insolvency Act (Canada) whereby ATB sets forth its intention to enforce its security for repayment [Read more]
KML Announces Independent Proxy Advisors have Endorsed the Pembina Transaction
CALGARY - Kinder Morgan Canada Limited (TSX: KML) is pleased to announce that leading independent proxy advisory firms Institutional Shareholder Services Inc. (ISS) and Glass Lewis & Co. (Glass Lewis) have recommended that the holders of KML's restricted voting shares and special voting shares (together, the Voting Shareholders) vote in favour of the proposed acquisition of KML's outstanding common equity by Pembina Pipeline Corporation (Pembina) by way of a statutory arrangement under the [Read more]
Alberta freezes oil production limit for January
Alberta will keep its oil production limit in January at 3.81 million barrels per day, the same level allowed in December, a government spokesman said.The province has been gradually easing curtailments on crude output but kept the January level unchanged due to external factors that have limited transportation, such as the temporary shutdown of TC Energy Corp's Keystone oil pipeline and a strike at Canadian National Railway Co , a spokesman for Alberta Energy Minister Sonya Savage [Read more]
Oil gains as optimism returns to U.S.-China trade talks
Oil prices rose on Tuesday on hopes of progress towards a trade agreement between the United States and China, the world’s biggest oil users, and predictions of a draw on U.S. crude inventories. West Texas Intermediate crude was up 55 cents at $58.44. Brent crude gained 58 cents to $64.14. Top U.S. and Chinese trade negotiators held a phone call on Tuesday morning, China’s Commerce Ministry said, as the two sides try to hammer out a so-called Phase 1 deal in a trade war that has [Read more]
Alberta’s Kenney, deputy PM Freeland meet in Edmonton to find common ground
EDMONTON - Alberta Premier Jason Kenney and Deputy Prime Minister Chrystia Freeland met up in Edmonton to try to find some common ground in a region that shut out the Liberals in the federal election. Freeland, also named intergovernmental affairs minister in Prime Minister Justin Trudeau's new cabinet, says she is here to listen and work to find solutions with Alberta. She is also to meet Tuesday with Saskatchewan Premier Scott Moe. Voters in Alberta and Saskatchewan did not elect any [Read more]
Teamsters say they have reached a tentative deal with CN to end strike
MONTREAL - Teamsters Canada says it has reached a tentative agreement with Canadian National Railway Co. to renew the collective agreement for over 3,000 conductors, trainpersons and yard workers. The union says normal operations at CN will resume Wednesday at 6 a.m. local time across Canada. More coming. [Read more]
Global oil consumption remains sluggish
Global oil consumption has apparently accelerated since mid-year as lower prices filter through the supply chain, increasing demand and avoiding a big increase in inventories. But all may not be as it seems. Much of the growth has come from China, where reported consumption is rising at rates inconsistent with the country’s slumping auto sales and slowing economy. China’s fuel distributors and consumers have most likely taken advantage of lower prices to boost the amount of products held [Read more]