CALGARY, AB--(Marketwired - May 30, 2017) - Point Loma Resources Ltd. (TSX VENTURE: PLX) (the "Corporation" or "Point Loma") is pleased to report financial and operating results for the three months ended March 31, 2017. Highlights of the period and additional updates are summarized below: HIGHLIGHTS Financial Three Months ended March 31, 2017(1) Three Months ended December 31, 2016 ($ thousands, except share amounts) Gross [Read more]
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Trilogy Energy Corp. Completes Sale of Certain Assets in the Grande Prairie Area of Alberta for $50 Million
CALGARY, May 30, 2017 /CNW/ - Trilogy Energy Corp. ("Trilogy") (TSX – TET) is pleased to announce that it has completed its previously announced sale of certain Valhalla assets in the Grande Prairie area of Alberta for cash consideration of $50 Million, with the proceeds to be used to reduce Trilogy's indebtedness under its revolving credit facility. About Trilogy Trilogy is a petroleum and natural gas-focused Canadian energy corporation that actively develops, produces and sells natural [Read more]
Paramount Resources Ltd. Closes the Sale of its Oil and Gas Properties in the Valhalla Area of Alberta for $150 Million
CALGARY, May 30, 2017 /CNW/ - Paramount Resources Ltd. ("Paramount") (TSX: POU) is pleased to announce that it has closed its previously announced sale of its oil and gas properties in the Valhalla area of Alberta for cash consideration of approximately $150 million. About Paramount Paramount is an independent, publicly traded, Canadian energy company that explores and develops unconventional and conventional petroleum and natural gas prospects, including long-term unconventional [Read more]
Ikkuma Resources Corp. Announces First Quarter 2017 Financial and Operating Results
CALGARY, May 30, 2017 /CNW/ - Ikkuma Resources Corp. ("Ikkuma" or the "Corporation") (TSXV: IKM) is pleased to report its financial and operating results for the three months ended March 31, 2017. Selected financial and operational information is set out below and should be read in conjunction with Ikkuma's interim condensed financial statements and the related management's discussion and analysis ("MD&A") for the three months ended March 31, 2017. Ikkuma's condensed interim financial [Read more]
Divestco releases a new and greatly improved version of its intuitive GIS and Mapping tool GeoCarta
Are you a Geologist, Engineer, Geophysicist, Petrophysicists, Land Professionals or Business Developer working in the Oil and Gas industry? Are you currently: Searching for well data and then exporting to excel or other applications? Selecting wells for offset analysis? Picking tops and create cross sections? Analyzing land holdings and creating land maps? Exploring for acquisition targets? Using map data for spatial analysis? Trying to find a cost-effective way to do [Read more]
Don’t Assess Upstream Greenhouse Gas Emissions in Energy East Review
As you look ahead to reviewing TransCanada’s Energy East pipeline proposal to ship eastward Western Canadian oil, you’ve asked for the public’s advice on whether the National Energy Board’s review should consider the upstream and downstream greenhouse gas (GHG) emissions of the pipeline. My advice: assessing upstream GHGs in pipeline reviews is a mistake for two reasons. First, requiring the National Energy Board to consider upstream emissions of GHGs in its pipeline approval process could [Read more]
Leucrotta Exploration Inc. Q1 2017 Financial and Operating Results
CALGARY, Alberta, May 30, 2017 (GLOBE NEWSWIRE) -- LEUCROTTA EXPLORATION INC. (TSXV:LXE) (“Leucrotta” or the “Company”) is pleased to announce its financial and operating results for the three months ended March 31, 2017. All dollar figures are Canadian dollars unless otherwise noted. HIGHLIGHTS Brought four previously drilled wells on-stream in Q1 2017. Increased production 128% to 1,881 boe/d in Q1 2017 from 824 boe/d in Q4 2016. Exit production at March 31, 2017 was approximately [Read more]
Tourmaline Announces Three New Extensive Liquid-rich EP Opportunities
CALGARY, May 29, 2017 /CNW/ - Tourmaline Oil Corp. (TSX:TOU) ("Tourmaline" or the "Company") is pleased to announce three new extensive exploration and production ("EP") opportunities within its existing core complexes and provide an update on its EP activities. NEW LIQUID-RICH OPPORTUNITIES Liquid-rich Viking at Brazeau River Tourmaline has been delineating a new extensive liquid-rich opportunity in the Brazeau River area at the south end of the Company's Deep Basin complex. The [Read more]
Trans Mountain IPO to proceed despite B.C. Green-NDP deal, Kinder Morgan says
CALGARY - Kinder Morgan says it expects to proceed Tuesday with its initial public offering for the Trans Mountain expansion, just as the anti-pipeline Greens and NDP in B.C. announced they have come to an agreement that could cast the project's future into doubt. Dave Conover, a spokesman for the Houston-based energy company, said in an email that the share listing will go ahead on the Toronto Stock Exchange. Conover's confirmation came shortly after the leaders of the B.C. [Read more]
Oilpatch recovery to boost Alberta, Saskatchewan growth, says Conference Board
CALGARY - The Conference Board of Canada says a slow recovery in the oil and gas sector will allow Alberta and Saskatchewan to emerge from recession and lead the provinces in economic growth this year. In its spring provincial outlook, the board says Alberta will have the fastest growing economy this year after two years of contractions. Real GDP is forecast to increase by 3.3 per cent, thanks to startup of a new oilsands refinery near Edmonton and efforts to rebuild Fort McMurray after [Read more]