CALGARY, ALBERTA--(Marketwired - Jan. 3, 2017) - Groundstar Resources Limited (TSX VENTURE:GSA) (the "Company") is pleased to announce that on December 30, 2016 it closed the final tranche of its offering of common shares in the capital of the Company being issued on a "flow-through" basis within the meaning of the Income Tax Act (Canada) (the "Flow-Through Shares") at a price of $0.02 per Flow-Through Share by way of a non-brokered private placement (the "Closing"). The Company issued a total [Read more]
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geoLOGIC systems ltd. Announces Purchase of Well Completions & Frac Database from Canadian Discovery Ltd.
CALGARY, December 23rd, 2016 – geoLOGIC systems ltd. (geoLOGIC) today announced that it has purchased Canadian Discovery Ltd.’s (CDL) Well Completions & Frac Database and related products, including its Direct Data Access add-on module and the Drilling Database. This acquisition includes the products and the team behind them, so clients using Canadian Discovery’s Well Completions & Frac Database will continue to receive the same high-quality data and service they have come to [Read more]
Over 1,400,000 users visited the BOE Report in 2016
Coming off the industry’s toughest year in a decade, people from across Canada and the United States once again for 2016 could not consume enough timely information on the state of the business. The BOE Report continued its leadership as the go-to site for oil and gas news, activity and information in 2016. By year-end, over 1,400,00 users visited BOEReport.com and viewed over 7.6 million pages. For 2015, annual user visitation totaled just over 600,000. The site’s traffic spiked in January [Read more]
Daily Production Volume at the West Ells Phase 1 Project Reached 2,200 Barrels
HONG KONG, CHINA and CALGARY, ALBERTA--(Marketwired - Jan. 2, 2017) - The Board of Directors of Sunshine Oilsands Ltd. ("the Corporation" or "Sunshine") (HKSE:2012) hereby announces the following: DAILY PRODUCTION VOLUME AT THE WEST ELLS PHASE 1 PROJECT REACHED 2,200 BARRELS The Corporation is pleased to announce that the West Ells Phase 1 project ("the Project") located in the Athabasca region of Alberta has reached a production volume of 2,200 barrels per day on January 3, 2017 (Hong [Read more]
Alberta minister says province ‘still standing’ on Day 2 of carbon tax
EDMONTON - Alberta Environment Minister Shannon Phillips said the province was "still standing" a day after its carbon tax took effect, and Albertans who opposed the levy could start seeing rebate cheques within days. But Opposition Wildrose critic Don MacIntyre said the majority of Albertans continue to oppose the tax, and that the science isn't settled on whether humans are responsible for the majority of climate change. The tax officially began Sunday, adding 4.5 cents per [Read more]
Obama Credits Green Energy For Cutting Foreign Oil Imports — He’s Wrong
President Barack Obama is making a major public relations blitz to highlight his legacy, including tying falling reliance on foreign oil to his green energy policies. Obama claimed the U.S. “traded foreign oil for clean energy,” but what he should have said is the U.S. traded foreign oil for hydraulic fracturing. Green energy had little to do with it. We traded foreign oil for clean energy, we doubled fuel efficiency standards, & we acted on a global scale to save the one planet we’ve [Read more]
Alberta’s NDP government defends carbon tax on day when prices rise
EDMONTON - Alberta's NDP government jumped to defend its new carbon tax from detractors on New Year's Day as consumers got their first taste of some of the new prices they'll be paying in 2017. Deputy Premier Sarah Hoffman addressed reporters at the legislature on Sunday, where she stressed the link between the tax and getting pipelines to tidewater approved. Hoffman notes Prime Minister Justin Trudeau was clear when he approved Kinder Morgan's expansion of the Trans Mountain [Read more]
Canadians need Reasonable Development Projects
The rejection of major development projects is producing economic harm for all Canadians and undermining the reputation of Canada as an attractive place to invest. Many Canadians appear to be oblivious to the personal and national harm caused by the rejections and protracted delays that have become a feature of our regulatory process and associated political second-guessing. Sadly rejection and protracted delays inflict real, not abstract or theoretical, consequences including higher [Read more]
Vector Resources Inc. and Razor Energy Corp. Execute Arrangement Agreement in Respect of Business Combination and Announce Strategic Acquisition
CALGARY, ALBERTA--(Marketwired - Dec. 29, 2016) - Vector Resources Inc. ("Vector") (NEX:VCR.H) and Razor Energy Corp. ("Razor") are pleased to announce that they have entered into an arrangement agreement dated December 29, 2016 pursuant to which Vector and Razor will complete a business combination (the "Proposed Transaction"). Pursuant to the Proposed Transaction, each common share of Razor ("Razor Share") will be exchanged for 2,042.13 common shares of Vector ("Vector Shares"). The Proposed [Read more]
Lightstream Announces Closing of Asset Sale to Ridgeback Resources
CALGARY, ALBERTA--(Marketwired - Dec. 29, 2016) - Lightstream Resources Ltd. (the "Company" or "Lightstream") announces that further to our press release dated December 8, 2016, the previously announced sale of substantially all of the assets and business of the Company (the "Sale Transaction") to Ridgeback Resources Inc. ("Ridgeback") closed today. The Sale Transaction represents the outcome of the sale process carried out by the Company as part of its restructuring proceedings under the [Read more]