Imperial Oil Resources Limited (“Imperial”), on behalf of ExxonMobil Canada Energy (“ExxonMobil”), has initiated a process for the disposition of its Hussar asset. The Hussar asset consists of operated and non-operated properties located in southern Alberta as further outlined below. Virtual Data Room Available: 05/13/2019 Effective Date: 06/01/2019 Non-Binding Proposals Due : 06/20/2019 Hussar Area ExxonMobil’s 2018 Average Production Gas production of 3.0 mmcf per [Read more]
Headlines
Pipeline protester chimes in on prime minister’s fundraising speech
VANCOUVER - An Indigenous protester opposed to the Trans Mountain pipeline expansion interrupted a speech by Prime Minister Justin Trudeau at a Liberal fundraiser on Wednesday. Will George of the Tsleil-Waututh Nation in North Vancouver stood up and called Trudeau a liar and a weak leader. "Climate leaders don't build pipelines. So many of our elected leaders in B.C. oppose the pipeline. The mayor of Vancouver got arrested opposing this pipeline," he said, referring to Kennedy Stewart, who [Read more]
Alberta tabling bill to repeal carbon tax
Alberta will table a bill to repeal the provincial carbon tax on Wednesday, the new government said in a speech kicking off its first legislative session. Premier Jason Kenney's United Conservative Party swept to power in Alberta last month on a platform that promised to champion the province's beleaguered energy industry and stand up to the federal government in Ottawa. Scrapping Alberta's carbon tax, which was introduced by the previous government, was a major part of Kenney's campaign. [Read more]
Encana CEO says Canadian oilfield would produce more if regulated in the U.S.
CALGARY - Western Canada's Montney oil and gas region would be two to four times more productive if it was in the United States with its more efficient regulatory systems, says the CEO of Encana Corp. The enormous hydrocarbon-bearing formation that underlies the northern Alberta-B.C. border can compete with premier Texas shale oilfields, said Doug Suttles on Wednesday. But it's being held back by a "cumbersome" regulatory system, along with the inability of smaller Canadian producers to [Read more]
Highwood Oil Company Ltd. Provides Corporate Update
CALGARY, May 22, 2019 /CNW/ - Highwood Oil Company Ltd., ("HOCL" or the "Corporation") (TSXV: HOCL) announces that in accordance with the requirements of National Instrument 51-102 - Continuous Disclosure Obligations ("NI 51-102") it has filed the audited financial statements for both of its predecessor entities for the year ended December 31, 2018. As the Corporation was the "reverse takeover acquirer" (as defined in NI 51-102) of Predator Blockchain Capital Corp. ("PBC") in the amalgamation [Read more]
Column: The carbon tax will always be unfair for Albertans
Albertans have been getting a raw deal with the carbon tax since day one and things will only get worse if we let the Trudeau government impose its tax. When Alberta’s economy-wide tax kicked in there were less than a hand-full of provinces that had a carbon tax. Taxpayers in Saskatchewan, Manitoba, New Brunswick, Prince Edward Island, Nova Scotia, Newfoundland and Labrador and in the territories weren’t paying the punitive tax. On April 1, the federal government imposed a carbon tax on [Read more]
Pulse Oil Corp. Announces Successful Queenstown Production and Increasing Cashflow
CALGARY, May 22, 2019 /PRNewswire/ - Pulse Oil Corp. ("Pulse" or the "Company") (TSX-V: PUL and PUL.WT) is pleased to announce an operational update on successful production results from Pulse's Queenstown assets located in Southern Alberta. Queenstown Results Exceed Expectations As part of Pulse's light-oil drilling campaign these first two Queenstown wells targeted Pulse's newly defined 3-D seismic lithic sandstone channels, which are the highest quality reservoirs within the Mannville [Read more]
Sequoia Resources Corporation: Property Divestiture
On March 23, 2018, pursuant to the Bankruptcy and Insolvency Act (“BIA”), Sequoia Resources Corporation (“Sequoia” or the “Company”), filed an assignment in Bankruptcy and PricewaterhouseCoopers Inc. LIT (“PwC”) was appointed as Licensed Insolvency Trustee (the “Trustee”). Sayer Energy Advisors has been engaged to assist the Trustee with the sale of certain of Sequoia’s oil and natural gas properties. The properties are located in the Bruce, Hazelbluff and Camrose/Big Bend areas of Alberta [Read more]
Azoto Energy Services Ltd. Announces Significant Acquisition of Pumping Assets
Azoto Energy Services Ltd. (Azoto) announces that it has completed a significant acquisition of 52 pieces of high-quality heavy rolling High rate fired and low rate non-fired nitrogen pumps, storage, transports and tube trailers. David Lee, the Company’s President, said “This acquisition of significant pumping assets is an exciting development for Azoto. This transaction allows us to continue our focused growth within the Plant and Pipeline maintenance and turnaround sector and enhances our [Read more]
When serious climate-change news is funnier than satire, is it the end of the world or the rebirth of common sense?
Promoting a book is not easy, in large part because to do so successfully requires full participation in the foul world of social media. It looks simple but simple mistakes can cost you an arm or a career (ask Howard Dean, a US politician who obliterated his political career with a singular yowling noise he brought forth in a speech; a fatal error in the speed-of-light digital era). I made a rookie mistake on Twitter recently, and was fortunate to emerge unscathed – I was not savaged for the [Read more]