CALGARY, ALBERTA--(Marketwired - March 21, 2017) - Questfire Energy Corp. (the Corporation or Questfire) (TSX VENTURE:Q.A) is pleased to announce the results of its independent reserves evaluation effective as of December 31, 2016 as prepared by GLJ Petroleum Consultants Ltd. (GLJ), the Corporation's independent qualified reserves evaluator. The evaluation was prepared in accordance with reserves definitions, standards and procedures contained in National Instrument 51-101 - Standards of [Read more]
Headlines
Saudi Arabia ‘Losing Its Grip’ On Global Oil Supply
Saudi Arabia is increasingly unable to control the global oil supply because of rising energy production in the U.S., Russia and Iran. “Saudi Arabia is under extraordinary pressure both internally and externally,” Dr. Jean-Marc Rickli, a risk analyst at the Geneva Centre for Security Policy, told The Wall Street Journal. The world’s biggest crude exporter is conceding ground to its rivals to enact a steep oil production cut to prop up the low global price of oil. This is causing the Kingdom to [Read more]
Birchcliff Energy Ltd. Announces Sales Process for Charlie Lake Light Oil Resource Play
CALGARY, ALBERTA--(Marketwired - March 21, 2017) - Birchcliff Energy Ltd. ("Birchcliff") (TSX:BIR) today announced that it will pursue the sale of its oil and natural gas properties and related assets on the Charlie Lake Light Oil Resource Play located in the Peace River Arch of Alberta (the "Assets"). "The successful growth of our Montney/Doig Resource Play has resulted in us not allocating any significant capital to our Charlie Lake Light Oil Resource Play. Accordingly, we have chosen to [Read more]
Saturn Oil + Gas Inc. Announces Viking Acquisition and Appointment of New Members to the Board of Directors
SASKATOON, SASKATCHEWAN--(Marketwired - March 21, 2017) - Saturn Oil + Gas Inc. ("Saturn" or the "Company") (TSX VENTURE:SMI)(FRANKFURT:SMK) is pleased to announce that it has closed a transaction within the Viking fairway near Kindersley, Saskatchewan. Under the terms of the transaction, Saturn purchased 640 acres of Viking oil land in the greater Kindersley area from a local private operator. This land is highly prospective for increased Viking light oil production through horizontal [Read more]
Not all multinationals are fleeing the oil sands, and the ones that are have other monkeys on their backs
In a series of recent transactions, multinational oil companies have sold off their positions in Canada’s oil sands. There has been all sorts of speculation about what this means, because that is what we do – we have to assign meaning. Some were angry at Shell, some were excited that it meant more of Canada’s resources in Canadian hands, and some seized on the transactions as proof that the provincial government is ruining everything. These little viewpoints tend to be over dramatic because [Read more]
New Frac Analysis Module from geoLOGIC
geoLOGIC is introducing a new Frac Analysis Module! Detailed fracturing data, recently acquired from the Well Completions & Frac Database (WCFD), will be embedded directly into geoSCOUT 8.4. This exciting addition will enable you to integrate all of our datasets and take advantage of geoSCOUT’s extensive suite of interpretation tools. Join Us This March Preview the new Frac Analysis module coming in geoSCOUT 8.4, stay to take a test drive for yourself, and talk to our experts. Space is [Read more]
Journey Energy Inc. Reports its 2016 Financial Results, Announces Strategic Acquisition, and Updates 2017 Guidance
CALGARY, March 20, 2017 /CNW/ - Journey Energy Inc. (JOY – TSX) ("Journey" or the "Company") is pleased to announce its financial results for 2016. The complete set of financial statements and management discussion and analysis for the year ended December 31, 2016 are posted on www.sedar.com and on the Company's website www.journeyenergy.ca. HIGHLIGHTS Strategic Acquisition Journey is pleased to announce that it has entered into a purchase and sale agreement with a private company to [Read more]
Craft Oil Ltd. Announces Closing of Disposition of Oil and Gas Assets
CALGARY, ALBERTA--(Marketwired - March 20, 2017) - Craft Oil Ltd. ("Craft" or the "Company") is pleased to announce that it has closed the previously announced sale of assets (the "Disposition"), comprised of approximately 1,625 boe per day (weighted 36% oil and NGLs), located in the Grande Prairie area of northwest Alberta, to Cardinal Energy Ltd. ("Cardinal"). The Disposition was completed on March 17, 2017. Pursuant to the Disposition, Craft received approximately 4.0 million common shares of [Read more]
Traverse Energy Ltd. Announces Normal Course Issuer Bid
CALGARY, ALBERTA--(Marketwired - March 20, 2017) - Traverse Energy Ltd. (the "Corporation") (TSX VENTURE:TVL) is pleased to announce that the TSX Venture Exchange (the "TSXV") has accepted the notice filed by the Corporation of its intention to make another normal course issuer bid through the facilities of the TSXV. Pursuant to the notice accepted by the TSXV, the Corporation may, during the period commencing March 24, 2017 and ending March 23, 2018, purchase for cancellation, through the [Read more]
TransCanada seeks to start building B.C. gas pipeline without LNG project’s OK
CALGARY - TransCanada Corp. (TSX:TRP) is seeking regulatory approval to start construction of a pipeline that would help feed a proposed liquefied natural gas export terminal on B.C.'s north coast even though a final decision hasn't been made whether to build the terminal. The Calgary-based company has conditional federal and provincial approvals for the North Montney Mainline, but they are subject to a positive financial investment decision for the proposed Pacific Northwest LNG project [Read more]