CALGARY, AB / ACCESSWIRE / May 30, 2019 / Point Loma Resources Ltd. (TSX VENTURE: PLX) (the "Corporation" or "Point Loma") is pleased to announce a farm-out on the Corporation's evolving Wizard Lake Rex oil discovery and provides an operational update. Highlights: Point Loma's current 30% working interest partner, Salt Bush Energy Ltd. ("Salt Bush"), has agreed to a two well farm-in transaction with Point Loma at Wizard Lake whereby Salt Bush will incur 100% of the costs to drill, [Read more]
Headlines
Connacher Announces Q1 2019 Results
CALGARY, May 29, 2019 /CNW/ - Connacher Oil and Gas Limited ("Connacher" or the "Company") announces its financial and operating results for the quarter-ended March 31, 2019 (all amounts are in Canadian dollars unless otherwise noted). Q1 2019 Highlights Financial Q1 2019 revenue, net of royalties, increased to $53.6 million (Q1 2018 - $33.9 million), primarily due to higher crude oil benchmark pricing, partially offset by lower sales volumes In Q1 2019, the Company recorded [Read more]
Canadian Spirit Resources Inc. Announces First Quarter 2019 Financial Results and Election of New Director
CALGARY, Alberta, May 29, 2019 (GLOBE NEWSWIRE) -- Canadian Spirit Resources Inc. (“CSRI” or the “Corporation”) (TSXV:SPI) (OTCBB:CSPUF) is pleased to announce the release of its interim financial results and Management Discussion and Analysis (“MD&A”) for the three month period ended March 31, 2019 and the election of Louisa DeCarlo of Calgary, Alberta as a director of the Corporation. First Quarter 2019 This news release summarizes information contained in the unaudited interim [Read more]
Toscana Energy Completes Renewal of its Credit Facilities
CALGARY, Alberta, May 29, 2019 (GLOBE NEWSWIRE) -- Toscana Energy Income Corporation ("Toscana" or the "Corporation") (TSX: TEI) is pleased to announce that it has renewed its revolving operating credit facility with its Senior Lender at the existing level of $25 million. The terms of the amended credit facilities remain unchanged with the exception of additional compliance, consent and reporting requirements relating to Toscana’s provincial liability management rating and decommissioning [Read more]
Pieridae Announces First Quarter Results
Focus on Advancing Goldboro LNG Continues CALGARY, Alberta, May 29, 2019 (GLOBE NEWSWIRE) -- Pieridae Energy Limited (“Pieridae” or the “Company”) (PEA - TSXV) has filed its first quarter (“Q1”) unaudited condensed interim financial statements and related management’s discussion and analysis (“MD&A”) for the first three months of 2019. Pieridae's unaudited condensed interim financial statements and MD&A are available on our website at www.pieridaeenergy.com and are filed on SEDAR at [Read more]
Highwood Oil Company Ltd. Announces First Quarter 2019 Results
/NOT FOR DISSEMINATION IN THE U.S. OR THROUGH U.S. NEWSWIRES/ CALGARY, May 29, 2019 /CNW/ - Highwood Oil Company Ltd., ("Highwood" or the "Corporation") (TSXV: HOCL) is pleased to announce financial and operating results for the quarter ended March 31, 2019. The Corporation also announces that its unaudited financial statements and associated Management's Discussion and Analysis ("MD&A") for the quarter ended March 31, 2019, can be found at www.sedar.com and [Read more]
Tourmaline Releases Enhanced Five-Year Development Plan Focusing on Significant Free Cash Flow Acceleration
CALGARY, May 29, 2019 /CNW/ - Tourmaline Oil Corp. (TSX:TOU) ("Tourmaline" or the "Company") is pleased to provide details of an enhanced five-year development plan. FREE CASH FLOW ACCELERATION PLAN: SUMMARY OF PLAN CHANGES Aggregate free cash flow increases by approximately $840 million to a total of approximately $3.05 billion over the five years. Annual production and cash flow(2) are essentially unchanged from the previous plan. Growth capital directed primarily to Gundy [Read more]
Canadian Natural buying Devon Energy’s Canadian assets for $3.8 billion
CALGARY - Canadian Natural Resources Ltd. has signed a deal to buy the Canadian operations of Devon Energy Corp. for $3.8 billion. The assets include thermal in situ oilsands production and conventional primary heavy crude oil operations located adjacent to existing Canadian Natural assets. The production acquired under the deal totals 128,300 barrels per day, including 108,200 from the thermal in situ operations and 20,100 from the conventional operations. Canadian [Read more]
XI Technologies: Better business intelligence helps service companies land abandonment and reclamation contracts.
Each week, XI Technologies scans their unique combination of enhanced industry data to provide trends and insights that have value for professionals doing business in the WCSB. If you'd like to receive our Wednesday Word to the Wise in your inbox, subscribe here. There’s no doubt the current business climate has been particularly tough on energy supply and service companies. Challenging times call for new, innovative, and strategic approaches to business development and sales. By [Read more]
Devon Energy Announces Strategic Exit of Canadian Business for CAD $3.8 Billion
OKLAHOMA CITY--(BUSINESS WIRE)--Devon Energy Corp. (NYSE: DVN) today announced that it has entered into a definitive agreement to sell its Canadian business to Canadian Natural Resources Limited for CAD $3.8 billion, or USD $2.8 billion. This transaction is subject to customary terms and conditions and is expected to close by the end of the second quarter of 2019. Proceeds from the sale of Canada will be used for debt reduction. “The sale of Canada is an important step in executing Devon’s [Read more]