CALGARY, AB--(Marketwired - November 24, 2016) - Front Range Resources Ltd. ("Front Range" or the "Company") (TSX VENTURE: FRK) reports that operations on the Company's initial two well, Montney horizontal drilling program are underway on the 33 contiguous section block at Pepper, Alberta. The 3-23 horizontal Montney well (100% W.I.) spud on October 14, 2016 and is currently drilling horizontally in the Montney formation. Subject to the final length of the horizontal leg of the 3-23 wellbore, [Read more]
Headlines
Seven Generations hires senior midstream executive Tim Stauft to lead market development division
CALGARY, AB--(Marketwired - November 24, 2016) - Seven Generations (TSX: VII) has hired senior midstream executive Tim Stauft to head up the company's market development division, which is focused on identifying, evaluating and expanding new markets for 7G's growing liquids-rich natural gas and natural gas liquids production. In addition to being named Senior Vice President of Seven Generations, Stauft has also been named Chief Executive Officer of the company's market development division. [Read more]
Point Loma Resources Announces Third Quarter 2016 Financial and Operating Results
CALGARY, AB--(Marketwired - November 24, 2016) - Point Loma Resources Ltd. (TSX VENTURE: PLX) (the "Corporation" or "Point Loma") is pleased to report financial and operating results for the third quarter at September 30, 2016. Several significant accomplishments were achieved during the period: Point Loma was formed on June 28, 2016 through the reverse take-over of First Mountain Exploration Inc. ("First Mountain"), a publicly traded company by Point Loma Energy Ltd. ("Point Loma Energy"), [Read more]
Foremost remains financially strong despite poor market conditions
We are nearing the end of 2016 and unfortunately for many, this year’s poor market conditions and the rapid decrease in the price of oil still grips tightly on many service-based companies. Many companies have had to reduce costs and lower prices to be competitive in this demanding market. Overall, capital spending in the industry is dramatically lower than what it was in 2014 which has translated to many companies lowering their prices in an attempt to win work. The impact of this trend has [Read more]
Ikkuma Resources Corp. Announces Significant New Cardium Oil Pool Discovery and Third Quarter 2016 Financial and Operating Results
CALGARY, Nov. 24, 2016 /CNW/ - Ikkuma Resources Corp. ("Ikkuma" or the "Corporation") (TSXV: IKM) is pleased to report an operations update and its financial and operating results for the three months ended September 30, 2016. OPERATIONS UPDATE In October, the Corporation completed the stimulation of the 670 m horizontal Cardium oil well drilled in the first quarter of this year. The stimulation was a 16 stage slick-water fracture operation. After 28 days and under mechanical pump [Read more]
Thieves targeting crack pipes and copper wire drive oilpatch crimes spike: RCMP
CALGARY - When it comes to protecting thousands of remote oil and gas well sites scattered across Alberta's prairies and foothills, RCMP Cpl. Curtis Peters is more concerned about crack addicts than vandals. The 854 crimes reported at those sites in the first 10 months of 2016 have already exceeded the number in all of 2015, RCMP statistics show, an increase some are blaming on Alberta's economic slowdown. Almost all of the reports have been related to theft, said Peters, adding [Read more]
Opposition says billion-dollar Saskatchewan deficit can be blamed on government
REGINA - The Saskatchewan economy has dominated debate in the Saskatchewan legislature for a second day. Opposition critic Warren McCall said Wednesday the billion-dollar deficit is due to mismanagement by the Saskatchewan Party government. He said the government has no plans to get finances back on track, noting the government of Premier Brad Wall is cutting education spending and job training at a time when there are 11,000 more people looking for work. Economy Minister [Read more]
Questfire Energy Corp. Announces 2016 Third Quarter Financial Results
CALGARY, ALBERTA--(Marketwired - Nov. 23, 2016) - NOT FOR DISSEMINATION IN THE UNITED STATES OR TO U.S. PERSONS. Questfire Energy Corp. (the "Corporation" or "Questfire") (TSX VENTURE:Q.A) (TSX VENTURE:Q.B) is pleased to announce that it has filed on SEDAR its unaudited interim financial statements and related management's discussion and analysis ("MD&A") for the three and nine month periods ended September 30, 2016. Financial and Operating Highlights Three months ended [Read more]
Total Energy Services Inc. Announces Intention to Make A Takeover Bid for the Outstanding Common Shares of Savanna Energy Services Corp.
CALGARY, ALBERTA--(Marketwired - Nov. 23, 2016) - Total Energy Services Inc. ("Total" or the "Company") (TSX:TOT) announced today that it currently intends, subject to various considerations noted below, to make an offer (the "Offer") to purchase all of the issued and outstanding common shares (the "Savanna Shares") of Savanna Energy Services Corp. ("Savanna") for consideration consisting of common shares of Total (the "Total Shares"). Total anticipates that, if the Offer is successful, holders [Read more]
Connacher Announces Q3 2016 Results
CALGARY, Nov. 23, 2016 /CNW/ - Connacher Oil and Gas Limited ("Connacher" or the "Company") announces its financial and operating results for the three and nine months ended September 30, 2016 ("Q3 2016") (all amounts are in Canadian dollars unless otherwise noted). Financial Q3 2016 and YTD 2016 revenue, net of royalties, decreased 45% to $31.7 million (Q3 2015 - $58.1 million) and 64% to $66.3 million (YTD 2015 - $183.2 million), respectively, due to the decline in crude oil benchmark [Read more]