CALGARY, Alberta, May 14, 2019 (GLOBE NEWSWIRE) -- Storm Resources Ltd. (TSX:SRX) Storm has also filed its unaudited condensed interim consolidated financial statements as at March 31, 2019 and for the three months then ended along with Management’s Discussion and Analysis (“MD&A”) for the same period. This information appears on SEDAR at www.sedar.com and on Storm’s website at www.stormresourcesltd.com. Selected financial and operating information for the three months ended March 31, 2019 [Read more]
Headlines
Pay for a Green New Deal by removing “fossil fuel subsidies”? Can anyone possibly be that financially illiterate?
Recently, while wandering through the often-wondrous but sometimes-brainless world wide web, I came across an article about how to pay for a Canadian Green New Deal. Normally, except for Harry Potter, I am not much interested in fantasy literature, but this one caught my eye because it dredged up an old chestnut that I hadn’t seen for a while - that green social schemes could be paid for by eliminating fossil fuel subsidies. “IMF economists calculate that Canada pumps a shocking $58 billion per [Read more]
Southern Energy Corp. Announces Completion of the Sale of Canadian Assets
CALGARY, May 15, 2019 /CNW/ - Southern Energy Corp. ("Southern" or the "Company") (SOU: TSXV) is pleased to announce that it has closed the sale of its oil and natural gas assets in Alberta for approximately $0.64 million (the "Disposition"). "We are happy to have completed the sale of our Canadian assets that we inherited in December 2018 as part of the re-organization transaction of Standard Exploration," said Ian Atkinson, President & CEO of Southern. "The sale of these assets focuses [Read more]
Pipestone Energy Corp. Reports First Quarter 2019 Results and Gives an Operations Update
CALGARY, Alberta, May 15, 2019 (GLOBE NEWSWIRE) -- (PIPE – TSX-V) Pipestone Energy Corp. (“Pipestone Energy” or the “Company”) is pleased to report its Q1 2019 financial and operational results and provide a progress report on its 2019 development program. The Company has filed its unaudited financial statements and related management’s discussion and analysis (“MD&A”) for the quarter ended March 31, 2019 on SEDAR. A conference call has been scheduled for Wednesday, May 15th at 9:00 a.m. [Read more]
U.S. oil output helps fill gap left by Iran, Venezuela
The world will require very little extra oil from OPEC this year as booming U.S. output will offset falling exports from Iran and Venezuela, the International Energy Agency said on Wednesday. The IEA, which coordinates the energy policies of industrial nations, said Washington's decision to end sanctions waivers that had allowed some importers to continue to buying Iranian crude added to the "confusing supply outlook." "However, there have been clear and, in the IEA's view, very welcome [Read more]
XI Technologies: Montney operators going to greater lengths for production
For our Word to the Wise this week, we’ve done some digging into XI’s enhanced drilling database to look at this trend for longer laterals. 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 delivered directly to your inbox, subscribe here. Players in the Montney continue to test the boundaries of horizontal [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 May. 14 Desktop Support Analyst ARC Resources Calgary May. 13 Field/Plant Operator Roska DBO Fort St. John May. 13 Quality Control Inspector Strike [Read more]
Differentials weaken on curtailment uncertainty, strong supply
Canadian heavy and synthetic crude oil differentials weakened versus U.S. benchmark futures on Tuesday as market players waited for news on whether the Alberta government will adjust oil production curtailments. Western Canada Select (WCS) heavy blend crude for June delivery in Hardisty, Alberta, last traded at $14.20 per barrel below West Texas Intermediate (WTI) oil, according to Net Energy Exchange. On Monday, WCS settled at $13.85 a barrel below WTI crude futures. The heavy crude [Read more]
Toscana Energy Announces First Quarter 2019 Results
CALGARY, Alberta, May 14, 2019 (GLOBE NEWSWIRE) -- Toscana Energy Income Corporation ("Toscana" or the "Corporation") (TSX: TEI) announces financial and operating results for the first quarter ended March 31, 2019. Financial and operating results: This news release summarizes information contained in the Condensed Consolidated Interim Financial Statements (unaudited) and Management’s Discussion and Analysis (“MD&A”) for the three months ended March 31, 2019. This news release should not be [Read more]
Zargon Oil & Gas Ltd. Provides 2019 First Quarter Results
CALGARY, Alberta, May 14, 2019 (GLOBE NEWSWIRE) -- Zargon Oil & Gas Ltd. (“Zargon” or the “Company”) (TSX SYMBOL: ZAR). FINANCIAL AND OPERATING HIGHLIGHTS (THREE MONTHS ENDED MARCH 31, 2019) On January 11, 2019, Zargon announced the completion of a transaction to settle its $41.94 million principal amount of outstanding 8% Convertible Debentures due December 31, 2019 in exchange for common shares of Zargon. Immediately before the transaction, 30,932,912 common shares were issued and [Read more]