CALGARY, Alberta, April 23, 2019 (GLOBE NEWSWIRE) -- Questerre Energy Corporation (“Questerre” or the “Company”) (TSX,OSE:QEC) is pleased to announce that it intends to complete a private placement directed towards Norwegian and international institutional investors (the “Private Placement”). The Company intends to use the net proceeds from the Private Placement to strengthen its working capital, partially finance its ongoing Montney capital program and the preliminary work for its planned [Read more]
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Pulse Oil Corp. Announces First Bigoray Well Encounters Over 50 Meters of Oil Pay, the Spudding Of Pulse’s Second Bigoray Well and Pulse’s Production Testing Underway at Queenstown
CALGARY, April 23, 2019 /PRNewswire/ - Pulse Oil Corp. ("Pulse" or the "Company") (TSX-V: PUL and PUL.WT) is happy to report that the first well of a two well drilling program successfully reached total depth in its first Bigoray well, located in central Alberta and Pulse is currently drilling the second well within Pulse's Bigoray assets. Pulse holds a 100% working interest in and operates the Bigoray assets. Bigoray: Pulse's first well at Bigoray, targeting newly defined undrained attic [Read more]
Firenze Energy Ltd. – Weyburn, SK Property Divestiture
Sayer Energy Advisors has been engaged to assist Firenze Energy Ltd. (“Firenze” or the “Company”), a subsidiary of Toscana Energy Income Corporation(“Toscana”) with the sale of its light, sweet oil property in the Weyburn area of southeastern Saskatchewan (the “Property”). Firenze is selling the Property as part of Toscana’s strategic alternatives process. Recent total oil sales net to Firenze from the Property have averaged approximately165 barrels of oil per day. The Company’s estimated [Read more]
Forge Oil and Gas Limited: Greater Bonnie Glen Area, Rex/Spirit River Heavy Oil Opporunity
Forge Oil and Gas Limited has a heavy oil prospect for sale on an emerging Mannnville play in the Bonnie Glen area of Alberta. Forge has approximately 69 sections of land with roughly a 50/50 split between crown and freehold. The “Resource potential” has been collaborated by independent auditors, Deloitte has assigned a PIIP of ~500MMBOE on Forge Lands Current production is ~100 boe with additional wells at 10-9-47-27W4 (120 bopd, 200 mcf/day) and 13-10-47-27W4 (50 bopd, 70 mcf/day) [Read more]
Montney Hydrodynamics – Key to Unlocking the Play
The Montney has become, by far, the largest contributor to new gas and now contributes 34% of WCSB gas production (approximately 7 bcf/d). Perhaps more importantly, liquids production from the Montney (oil, condensate and NGLs) has risen from 70,000 to 150,000 bopd, significantly changing the economics of the play. Since Canadian Discovery Ltd.’s (CDL) 2014 Montney Hydrodynamics Study release, over 3,500 new wells have been completed in the Montney and significant new production fairways are [Read more]
How a trucking company servicing the oil industry factored their receivables to finance significant growth
For Stacey Horlings at 6S Transport Ltd., a Raymond Alberta based trucking company servicing clients in a wide variety of industries including oil and gas, the timing was right. “Factoring with Capital Now has been instrumental in my ability to efficiently grow my business,” said Stacey. “My husband and I started the business half a year ago and early stage growth capital is absolutely crucial to establishing our business in an industry that is very competitive.” 6S Transport already has 15 [Read more]
PrairieSky Announces 2019 First Quarter Results
CALGARY, Alberta, April 22, 2019 (GLOBE NEWSWIRE) -- PrairieSky Royalty Ltd. ("PrairieSky" or the "Company") (TSX: PSK) is pleased to announce its first quarter ("Q1 2019") operating and financial results for the period ended March 31, 2019. PRESIDENT’S MESSAGE First Quarter 2019 Highlights: • Total revenues of $73.2 million, up 42% from $51.6 million in Q4 2018, comprised of royalty production revenues of $66.5 million and other revenues of $6.7 million for the first [Read more]
Canadian conservative stars cast shadow over Trudeau rival’s hopes
Right-leaning Canadian politicians have won important elections over the last year, but it may do Liberal Prime Minister Justin Trudeau more good in October's national vote than his little-known Conservative Party challenger.Andrew Scheer, 39, has struggled to become a household name since taking over as leader of the federal Conservatives in 2017, a problem not shared by the telegenic Trudeau, whose father led the country for more than 15 years.Last week, Alberta's United Conservative [Read more]
Acquisitions, insolvencies cited as drilling company count tumbles by 40%
CALGARY - A research report by AltaCorp Capital shows the number of companies actively drilling in Canada has declined by 40 per cent since the oil price crash of late 2014. The analysis cites industry data which shows only 26 drilling contractors have been working so far in 2019, 17 fewer than observed in 2014. It says consolidation is the biggest reason companies have disappeared, with seven companies holding about 17 per cent of market share being purchased over the period, including [Read more]
Youth, technology and sustainable energy development: this is the exciting future
Young people, we need you! The world needs you. Not to protest, but to build. Not to complain, but to solve. Not to panic, but to overcome. A movement has swept the world, stating that the future of humanity is threatened by climate change. You've seen it on the news, students have taken to the streets to protest environmental inaction. Greta Thunberg, the fearless 16-year old Swedish leader, has challenged the world's elite to stop stalling, to "feel panic like I do." What's that about? [Read more]