CALGARY, Alberta, Dec. 18, 2018 (GLOBE NEWSWIRE) -- Pieridae Energy Limited (“Pieridae”) (PEA - TSXV) is pleased to announce that it has completed a non-brokered private placement with The Western and Southern Life Insurance Company (“WSLI”) and Electron Capital LLC (“Electron”), for proceeds of $8.0 million (the “Private Placement”). Pieridae intends to use the proceeds of the Private Placement to refinance certain amounts at closing of the arrangement with Ikkuma Resources Corp. (the [Read more]
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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 Dec. 18 Maintenance Technician - Rotating Equipment AltaGas Gordondale Dec. 18 CLASS 1 DRIVER / FLUID HAULER - (GPF) Trican Well Service Ltd. Grande [Read more]
Jupiter Obtains Final Court Order Approving Recapitalization Transaction
CALGARY, Dec. 18, 2018 /CNW/ - Jupiter Resources Inc. and its affiliates (collectively, "Jupiter" or the "Company") announced today that, in connection with the previously announced proposed recapitalization transaction (the "Recapitalization Transaction"), the Company obtained a final court order from the Court of Queen's Bench of Alberta approving its plan of arrangement under the Canada Business Corporations Act (the "Plan of Arrangement") pursuant to which the Recapitalization Transaction is [Read more]
Hostile Husky takeover bid for MEG Energy now expected to succeed as proposed
CALGARY - A CIBC oil and gas analyst says the recent deterioration in crude oil prices makes it unlikely that a better offer will emerge to force Husky Energy Inc. to sweeten its hostile takeover bid for an oilsands rival. Husky reported Tuesday that it had received all necessary regulatory approvals for the takeover of MEG Energy Corp. and is now waiting for shareholders' response to its offer which expires in mid-January. Analyst Jon Morrison says in a research report that [Read more]
‘A start:’ Alberta critical of Ottawa’s $1.6B package for ailing energy sector
EDMONTON - Alberta Premier Rachel Notley says Ottawa's new $1.6-billion aid package for the oilpatch will help, but is essentially tone deaf and won't fix the pipeline bottleneck crippling the province. "We don't need help finding more markets. We need help moving our product, and I don't know that we could have been much more clear about that," Notley said Tuesday in Calgary. "Offering Alberta business owners and industry the opportunity to go further in debt is not any kind of [Read more]
Lacey: Is Anybody Listening? I Don’t Want Cake, I Want a Pipeline
Yesterday I had the pleasure of participating in a rally at Calgary City Hall in support of pipeline development and the energy sector. To state the obvious, 2018 has been a challenging year. After plumbing the depths of unsustainably low oil prices and then seeing a recovery, years of inaction in terms of pipeline approvals and development resulted in a wave of new production overwhelming the existing export capacity. As a result, differentials ballooned to unprecedented levels, cash flow [Read more]
Federal government unveils $1.6 billion boost for Canadian energy sector
OTTAWA—Canada’s battered energy industry will get a $1.6-billion boost from Ottawa on Tuesday to try to slow the political and economic bleeding. Natural Resources Minister Amarjeet Sohi and International Trade Diversification Minister Jim Carr will be at an Edmonton college campus to unveil a support package for oil and gas companies, which are reeling from record-low oil prices. The funds will be divided among several different programs, including money to help companies invest in clean [Read more]
Pulse Oil Corp. Announces First Well Drilling operations Completed at Queenstown Light Oil Field
CALGARY, Dec. 18, 2018 /CNW/ - Pulse Oil Corp. ("Pulse" or the "Company") (TSX-V: PUL and PUL.WT) announces Pulse's first exploration well, PUL HZ QUEENSTN 16-15-19-21 W4, has now reached a total measured depth of 3322m (TVD 1373m), including 1282m of lateral section cased with frac ports in preparation for completion. The lateral section successfully targeted a new 3-D seismic interpretation intended to focus on the highest porosity / permeability lithic deposits within the Mannville-aged [Read more]
Connacher Oil and Gas Limited Announces Extension of Time to Complete Restructuring Transaction
CALGARY, Dec. 18, 2018 /CNW/ - Connacher Oil and Gas Limited ("Connacher" or the "Company") and East River Oil and Gas Ltd. (the "Plan Sponsor"), with the consent of the Consenting First Lien Lenders (as defined in the Company's Amended and Restated Plan of Compromise and Arrangement (the "Plan")) and in consultation with Ernst & Young Inc., the monitor ("Monitor") in the Company's proceedings under the Companies' Creditors Arrangement Act ("CCAA"), have agreed to amend the "Outside Date" [Read more]
Groups preparing new pipeline legal challenge, argue government’s mind made up
OTTAWA - A Vancouver-based environment charity is readying itself to go back to court if — or they believe when — the federal government re-approves the Trans Mountain pipeline expansion next year. The Wilderness Committee returned $25,000 in participant funding to the National Energy Board last month citing the short timeline for the board's new review on the marine impacts of the proposed expansion. Peter McCartney, climate campaigner for the committee, says the timelines are [Read more]