CALGARY, ALBERTA--(Marketwired - Jan. 10, 2017) - Northern Patriot Oil & Gas Ltd. ("Northern Patriot" or the "Company"), by and through its Court-appointed receiver and manager Grant Thornton Limited, announces that Northern Patriot intends to seek, by way of application on January 20, 2017 at 3:00 p.m., at the Calgary Court Center, among other things, the following relief: (i) authorization to make a distribution to Northern Patriot's creditors and stakeholders, including all shareholders [Read more]
Headlines
Pipeline protests should not overpower good governance
Protesters should understand that good governance requires decisions be made for the good of all Canadians, not just one interest group CALGARY, Alta. /Troy Media/ – In November, Prime Minister Justin Trudeau gave Canada, and particularly Alberta, not one, but two oil pipeline project approvals – the Trans Mountain expansion and the Line 3 replacement project. The challenge now will be to see things through. Some groups are threatening heavy resistance to the projects, including actions on [Read more]
Non-Core Property Divestiture: Standard Exploration Ltd. – Chin Coulee and Claresholm areas
Sayer Energy Advisors has been engaged to assist Standard Exploration Ltd. (“Standard” or the “Company”) with the divestiture of its non-core oil properties located in the Chin Coulee and Claresholm areas of southern Alberta (the “Properties”). At Chin Coulee, Standard holds a 100% working interest in one section of land on which there are three heavy oil wells producing approximately 51 barrels of oil per day from the Sawtooth Formation. Monthly operating income from Chin Coulee has [Read more]
geoLOGIC Releases LMR and Volumetrics Modules and Eastern Canada Data
geoLOGIC systems ltd. – JAN. 10, 2017, 7:00 A.M. ‘LMR and Volumetrics’ easy to use, yet handle sophisticated calculations for you. ‘geoLOGIC Data Center’ with central and eastern data—a truly national data solution. Join us in January for an informative session on leveraging your A&D decisions with geoLOGIC’s products. Refreshments will be provided. LMR LMR is the solution for making well-informed acquisitions and divestitures. Create scenarios to forecast your LMR and develop [Read more]
Hemisphere Energy Renews $12.5 Million Credit Facility
TSX-V: HME - VANCOUVER, Jan. 10, 2017 /CNW/ - Hemisphere Energy Corporation ("Hemisphere" or the "Company") (TSX-V: HME) is pleased to announce the renewal of its credit facility with no changes. Following the mid-year review with its lender, Hemisphere's credit facility was reaffirmed at $12.5 million. All covenants and applicable margins on borrowing costs remain unchanged. As at January 9, 2017, the Company has drawn approximately $11.2 million on the credit facility. Hemisphere owns and [Read more]
Savanna Commences Strategic Process, Reiterates Recommendation to Shareholders to Reject the Total Offer, Announces 2017 Capital Budget and Provides Operational Update
CALGARY, ALBERTA--(Marketwired - Jan. 10, 2017) - Savanna Energy Services Corp. ("Savanna" or the "Company") (TSX:SVY), announced today that it intends to commence the previously announced strategic alternatives process and open a data room this week for parties potentially interested in a transaction with Savanna. Qualified parties interested in accessing the confidential data room will be required to sign a confidentiality agreement. "Savanna has continued to receive expressions of interest [Read more]
B.C. First Nation expected to launch court challenge of LNG approval
VANCOUVER - Members of a British Columbia First Nation have launched what has become the fourth Federal Court challenge against a liquefied natural gas project proposed for the province's north coast. Gitxsan Nation hereditary chiefs Charlie Wright and Yvonne Lattie filed a request for a judicial review of the Pacific Northwest LNG project on Tuesday in Vancouver on behalf of 650 members in various clans. The leaders said in a news release that the project that was approved by [Read more]
NEB names new Energy East Hearing Panel
CALGARY, Jan. 9, 2017 /CNW Telbec/ - The National Energy Board (NEB) has announced today the assignment of a three-member Hearing Panel to undertake the review of the Energy East and Eastern Mainline projects. The Hearing Panel will be composed of presiding member Don Ferguson, along with Carole Malo and Marc Paquin. The new Hearing Panel members are bilingual, and bring considerable knowledge and experience. In the coming weeks, they will determine how to move forward with this review [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 here to create an account to post jobs; it's simple and easy to use. Jan. 9 Small Battery / Field Operator - La Glace, Alberta Roska DBO La Glace Jan. 7 Electronics Technician (Coiled Tubing) - Floresville, TX STEP Energy Services Floresville Jan. 7 Maintenance Technician [Read more]
Tanager Energy Announces Appointment of New Interim CFO
CALGARY, ALBERTA--(Marketwired - Jan. 9, 2017) - Tanager Energy Inc. ("Tanager" or the "Corporation") (TSX VENTURE:TAN) is pleased to announce that John Asel, CPA has been appointed as the Interim Chief Financial Officer of Tanager. Mr. Asel is the Chairman and Managing Member of Asel & Associates, PLLC, and has over 24 years' experience as a Texas Certified Public Accountant. Mr. Asel holds a Bachelor of Accountancy Degree from New Mexico State University. Mr. Asel's practice areas [Read more]