OTTAWA - Canada's spy agency says many members of the environmental and Indigenous communities see the federal purchase of the Trans Mountain pipeline as a betrayal, and suggests that could intensify opposition to expanding the project. A Canadian Security Intelligence Service assessment highlights a renewed sense of indignation among protesters and clearly indicates the spy service's ongoing interest in anti-petroleum activism. The Canadian Press used the Access to Information Act to [Read more]
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Journey Energy Inc. Reports its Third Quarter 2018 Financial and Operating Results
CALGARY, Nov. 5, 2018 /CNW/ - Journey Energy Inc. (JOY – TSX) ("Journey" or the "Company") announces its financial and operating results for the three and nine month periods ending September 30, 2018. The complete set of financial statements and management discussion and analysis for the periods ended September 30, 2018 and 2017 are posted on www.sedar.com and on the Company's website www.journeyenergy.ca. THIRD QUARTER 2018 HIGHLIGHTS Highlights for the third quarter and to [Read more]
Painted Pony Grows Third Quarter Production By 38% and Announces Third Quarter Financial and Operational Results
CALGARY, Nov. 5, 2018 /CNW/ - Painted Pony Energy Ltd. ("Painted Pony" or the "Corporation") (TSX: PONY) is pleased to report significant production volume growth of 38%, which includes a corresponding increase of 37% in liquids production, over the third quarter of 2017. HIGHLIGHTS: Increased third quarter 2018 average daily production by 38% to 350.0 MMcfe/d (58,330 boe/d) of which 9% was natural gas liquids, compared to 254.1 MMcfe/d (42,353 boe/d) of which 9% was natural [Read more]
Bellatrix Announces Closing of Grafton Acquisition
CALGARY, Alberta, Nov. 05, 2018 (GLOBE NEWSWIRE) -- Bellatrix Exploration Ltd. (“Bellatrix” or the “Company”) (TSX, NYSE: BXE) announces that it has closed the previously announced acquisition of the remaining assets earned by Grafton Energy Co I Ltd. under the joint venture arrangement entered into in 2013. The acquired assets are located in Bellatrix’s core Ferrier area of west central Alberta and include approximately 2,200 boe/d (79% natural gas, 21% liquids) of low decline production. The [Read more]
B.C. introduces new project review rules
The province of British Columbia introduced on Monday new environmental assessment rules that it said will increase clarity and certainty for the companies behind projects, mirroring efforts by the Canadian government to update major project reviews. The proposed changes will enhance early consultation with indigenous groups and allow "good projects" to be approved more quickly, British Columbia's environment minister George Heyman said in a statement. "We want to reduce the potential for [Read more]
BlackPearl Announces Third Quarter 2018 Financial and Operating Results
CALGARY, Nov. 5, 2018 /CNW/ - BlackPearl Resources Inc. ("BlackPearl" or the "Company") (TSX: PXX) (NASDAQ Stockholm: PXXS) is pleased to announce its financial and operating results for the three and nine months ended September 30, 2018. View PDF Version. Q3 Highlights: The Company entered into an Arrangement Agreement with International Petroleum Corporation ("IPC") whereby IPC has agreed to acquire all of the common shares of BlackPearl. The combined company will result in [Read more]
TORC Oil & Gas Ltd. Announces Third Quarter 2018 Financial & Operational Results; Increased 2018 Production Guidance; and Appoints New Member to Board of Directors
CALGARY, Nov. 5, 2018 /CNW/ - TORC Oil & Gas Ltd. ("TORC" or the "Company") (TSX: TOG) is pleased to announce its financial and operating results for the three and nine months ended September 30, 2018. The associated management's discussion and analysis ("MD&A") and unaudited interim financial statements as at and for the three and nine months ended September 30, 2018 can be found at www.sedar.com and www.torcoil.com. Highlights Three months ended Nine [Read more]
Crew Energy Inc. Announces Third Quarter 2018 Financial and Operating Results
CALGARY, Nov. 5, 2018 /CNW/ - Crew Energy Inc. (TSX: CR) ("Crew" or the "Company") is pleased to announce our operating and financial results for the three and nine month periods ended September 30, 2018. Our Financial Statements and Notes, as well as Management's Discussion and Analysis ("MD&A") for the three and nine month periods ended September 30, 2018 are available on Crew's website and filed on SEDAR. HIGHLIGHTS Production of 23,680 boe per day: Volumes exceeded [Read more]
Husky Energy Reaffirms Commitment to Full and Fair Offer for MEG Energy
Husky’s Offer is a Premium Valuation MEG’s Share Price Would Be Substantially Lower Absent the Offer Delivers Immediate Value With Comparable Upside and Much Less Risk CALGARY, Alberta, Nov. 05, 2018 (GLOBE NEWSWIRE) -- Husky Energy (TSX:HSE) today reaffirms its commitment to the full and fair Offer to acquire MEG Energy as outlined on October 2, 2018, and comments on MEG’s recent statements and third quarter results. “MEG’s results reinforce our view that it has a quality asset base and a [Read more]
Strategic Oil & Gas Ltd. Announces Recapitalization Transaction
CALGARY, Alberta, Nov. 05, 2018 (GLOBE NEWSWIRE) -- Strategic Oil & Gas Ltd. ("Strategic" or the "Company") (TSXV:SOG) announces further to its press release dated August 29, 2018 regarding its strategic alternatives process, the Company and certain investment funds managed by GMT Capital Corp. (the "GMT Funds"), have entered into a letter of intent whereby the GMT Funds have agreed, on a non-binding basis and subject to execution of definitive agreements, to: (i) make an additional [Read more]