This Announcement contains inside information as defined in Article 7 of the Market Abuse Regulation No. 596/2014 (“MAR”). Upon the publication of this Announcement, this inside information is now considered to be in the public domain. CALGARY, Alberta, April 24, 2019 (GLOBE NEWSWIRE) -- TransGlobe Energy Corporation (“TransGlobe” or the “Company”) announces a Q1 operations update. All dollar values are expressed in US dollars unless otherwise stated. UPDATES Production averaged ~15.9 [Read more]
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Questerre announces successful private placement
CALGARY, Alberta, April 24, 2019 (GLOBE NEWSWIRE) -- Questerre Energy Corporation (“Questerre” or the “Company”) (TSX,OSE:QEC) is pleased to announce that its private placement of up to 38.9 million Common Shares (the “Private Placement”) has been over-subscribed at a price of 2.40 NOK or C$0.38 per Common Share. Gross proceeds are estimated at 93.4 million NOK or approximately C$14.8 million. Michael Binnion, President and Chief Executive Officer of Questerre commented, “With the improvement [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 Apr. 23 Field Operator Roska DBO Fox Creek Apr. 23 Sales Professional - Electrical & Instrumentation Services Ethix Recruitment Inc. Calgary Apr. [Read more]
CP Rail first-quarter profit rises 25 per cent on higher crude revenues
CALGARY - The head of Canadian Pacific Railway Ltd. says heavy snowfall and frigid temperatures cooled the company's quarterly results, resulting in lower tonnage numbers despite a boost in profits. “What happened to us in February, especially in the first two weeks of March, was extraordinary,” said chief executive Keith Creel. “Momentum was interrupted. As a result, revenue growth was muted and...expenses increased,” he told investors on a conference call Tuesday. Creel stressed “one [Read more]
Questerre announces proposed private placement
CALGARY, Alberta, April 23, 2019 (GLOBE NEWSWIRE) -- Questerre Energy Corporation (“Questerre” or the “Company”) (TSX,OSE:QEC) is pleased to announce that it intends to complete a private placement directed towards Norwegian and international institutional investors (the “Private Placement”). The Company intends to use the net proceeds from the Private Placement to strengthen its working capital, partially finance its ongoing Montney capital program and the preliminary work for its planned [Read more]
Pulse Oil Corp. Announces First Bigoray Well Encounters Over 50 Meters of Oil Pay, the Spudding Of Pulse’s Second Bigoray Well and Pulse’s Production Testing Underway at Queenstown
CALGARY, April 23, 2019 /PRNewswire/ - Pulse Oil Corp. ("Pulse" or the "Company") (TSX-V: PUL and PUL.WT) is happy to report that the first well of a two well drilling program successfully reached total depth in its first Bigoray well, located in central Alberta and Pulse is currently drilling the second well within Pulse's Bigoray assets. Pulse holds a 100% working interest in and operates the Bigoray assets. Bigoray: Pulse's first well at Bigoray, targeting newly defined undrained attic [Read more]
Firenze Energy Ltd. – Weyburn, SK Property Divestiture
Sayer Energy Advisors has been engaged to assist Firenze Energy Ltd. (“Firenze” or the “Company”), a subsidiary of Toscana Energy Income Corporation(“Toscana”) with the sale of its light, sweet oil property in the Weyburn area of southeastern Saskatchewan (the “Property”). Firenze is selling the Property as part of Toscana’s strategic alternatives process. Recent total oil sales net to Firenze from the Property have averaged approximately165 barrels of oil per day. The Company’s estimated [Read more]
Forge Oil and Gas Limited: Greater Bonnie Glen Area, Rex/Spirit River Heavy Oil Opporunity
Forge Oil and Gas Limited has a heavy oil prospect for sale on an emerging Mannnville play in the Bonnie Glen area of Alberta. Forge has approximately 69 sections of land with roughly a 50/50 split between crown and freehold. The “Resource potential” has been collaborated by independent auditors, Deloitte has assigned a PIIP of ~500MMBOE on Forge Lands Current production is ~100 boe with additional wells at 10-9-47-27W4 (120 bopd, 200 mcf/day) and 13-10-47-27W4 (50 bopd, 70 mcf/day) [Read more]
Montney Hydrodynamics – Key to Unlocking the Play
The Montney has become, by far, the largest contributor to new gas and now contributes 34% of WCSB gas production (approximately 7 bcf/d). Perhaps more importantly, liquids production from the Montney (oil, condensate and NGLs) has risen from 70,000 to 150,000 bopd, significantly changing the economics of the play. Since Canadian Discovery Ltd.’s (CDL) 2014 Montney Hydrodynamics Study release, over 3,500 new wells have been completed in the Montney and significant new production fairways are [Read more]
How a trucking company servicing the oil industry factored their receivables to finance significant growth
For Stacey Horlings at 6S Transport Ltd., a Raymond Alberta based trucking company servicing clients in a wide variety of industries including oil and gas, the timing was right. “Factoring with Capital Now has been instrumental in my ability to efficiently grow my business,” said Stacey. “My husband and I started the business half a year ago and early stage growth capital is absolutely crucial to establishing our business in an industry that is very competitive.” 6S Transport already has 15 [Read more]