CALGARY, ALBERTA--(Marketwired - Sept. 17, 2014) - Pan Orient Energy Corp. ("Pan Orient" or the "Corporation") (TSX VENTURE:POE) is pleased to provide an update on the Sawn Lake, Canada, steam assisted gravity drainage ("SAGD") demonstration project on behalf of Andora Energy Corporation ("Andora"), in which Pan Orient has a 71.8% ownership interest. Andora has a 50% working interest in the Sawn Lake, Alberta SAGD demonstration project, and is the operator. The first step towards determining [Read more]
Headlines
Deep Well Updates Shareholders on Sawn Lake Heavy Oil Project
EDMONTON, ALBERTA--(Marketwired - Sept. 17, 2014) - Deep Well Oil & Gas, Inc. (and its subsidiaries - "Deep Well" or "Company) (OTCQB:DWOG) will be announcing at a meeting of its shareholders later today that the development of its Sawn Lake Heavy Oil Project is progressing. Our target for 2014 was to initiate production from a single SAGD well pair. We are pleased to announce that on September 16, bitumen production commenced. It is anticipated that a stable daily bitumen production rate [Read more]
First Mountain Exploration Inc. Proposes Private Placement and Files Q2 2014 Financial Results
CALGARY, ALBERTA--(Marketwired - Sept. 16, 2014) - First Mountain Exploration Inc. ("First Mountain" or the "Company") (TSX VENTURE:FMX) is pleased to announce that it has finalized the terms and conditions of a non-brokered equity private placement (the "Offering"). The Offering will consist of the issuance of up to 13,000,000 common shares (the "Common Shares") of the Corporation at a price of $0.06 per Common Share and for aggregate gross proceeds up to $780,000. The net proceeds of the [Read more]
Dejour’s Woodrush Project Drilling Update
VANCOUVER, British Columbia--(BUSINESS WIRE)--Dejour Energy Inc. (NYSE MKT: DEJ / TSX: DEJ) (“Dejour” or the “Company”), an independent oil and natural gas exploration and production company operating in North America's Piceance Basin and Peace River Arch regions, updates current development progress underway at the Woodrush Project (“Woodrush”) in NE BC. The Company has finalized its 2014 development plan targeting both the Halfway oil and Gething gas pools at Woodrush. Upon approval of [Read more]
Mapan Energy Ltd. Provides Operational Update on Deep Basin North
CALGARY, ALBERTA--(Marketwired - Sept. 16, 2014) - Mapan Energy Ltd. (TSX VENTURE:MPG) ("Mapan" or the "Corporation") reports that natural gas production from its Deep Basin North properties at Chinook Ridge, Alberta and Hiding, British Columbia will be on restricted rates due to repairs and maintenance to be conducted by Trans Canada Pipelines Limited on both the 24 inch and the 36 inch NGTL Systems downstream (east) of the Elmworth gas plant. Mapan's current production of 28MMCF/d processed at [Read more]
Federal study of Pennsylvania well site finds fracking didn’t ruin nearby water supplies
PITTSBURGH - The final report from a landmark federal study on hydraulic fracturing, or fracking, found no evidence that chemicals or brine water from the gas drilling process moved upward to contaminate drinking water at a site in western Pennsylvania.The Department of Energy report, released Monday, was the first time an energy company allowed independent monitoring of a drilling site during the fracking process and for 18 months afterward. After those months of monitoring, researchers found [Read more]
Blackbird Energy Inc. Completes Sale of Bigstone Project
CALGARY, ALBERTA--(Marketwired - Sept. 16, 2014) - Blackbird Energy Inc. (TSX VENTURE:BBI) ("Blackbird" or the "Company") is pleased to announce that it has successfully closed the previously announced disposition of 8.0 gross (3.5 net) sections of Montney rights, known as Blackbird's Bigstone project, for net proceeds of $8.89 million after closing adjustments. Garth Braun, Chief Executive Officer of Blackbird noted, "Blackbird is pleased to continue to add further focus to its Elmworth [Read more]
Seven Generations Announces Increase to Revolving Credit Facility
CALGARY, Sept. 15, 2014 /CNW/ - Seven Generations Energy Ltd. ("7G" or "the Company") and its lending syndicate have agreed to an amendment to 7G's senior secured revolving credit arrangement that has increased the borrowing capacity from $150 million to $480 million and extended the maturity date of the facility to September 2017. RBC Capital Markets led the facility upsize and amendment, acting as Lead Arranger and Sole Bookrunner. In addition to existing lenders Credit Suisse, Canadian [Read more]
Seven Generations Announces Executive Changes
CALGARY, Sept. 15, 2014 /CNW/ - Seven Generations Energy Ltd. ("7G" or the "Company") is pleased to announce that Mr. Randy Evanchuk, Executive Vice President, has agreed to lead the Company's health, safety and environment activities and Mr. Randy Hnatuik has joined 7G as Vice President Business Development. Mr. Evanchuk is now responsible for the Company's pursuit of excellence in health, safety and environmental performance. Previously, he was responsible for leading production, facility [Read more]
Alberta woman loses fracking case appeal, wants to take case to Supreme Court
EDMONTON - An Alberta woman has lost her appeal to sue the province's energy regulator over hydraulic fracturing on her property.Jessica Ernst launched a $33-million lawsuit against the Alberta government, the province's energy regulator and energy company Encana (TSX:ECA).She claims gas wells fracked around her land northeast of Calgary unleashed hazardous amounts of methane and ethane gas and other chemicals into her water well.Last fall an Alberta Court of Queen's Bench judge ruled that Ernst [Read more]