CALGARY, Aug. 29, 2018 /CNW/ - Ikkuma Resources Corp. ("Ikkuma" or the "Corporation") (TSXV: IKM) is pleased to report its financial and operating results for the three and six months ended June 30, 2018. Financial and operational information is set out below and should be read in conjunction with Ikkuma's June 30, 2018 unaudited interim financial statements and the related management's discussion and analysis ("MD&A"). Ikkuma's condensed unaudited interim financial statements and MD&A [Read more]
Headlines
Natural gas producers have endured prolonged challenges with pipeline constraints and extreme price volatility – are NGL infrastructure projects and Petrochemical developments the answer?
The production and sale of energy and mineral resources are major components of Canada’s economy. However, we consistently fail to realize the full potential of these sectors of our economy because we fail to get world prices for our products. The development of horizontal drilling and multi-stage fracturing has led to a rapid growth of unconventional crude oil, natural gas and NGL production in North America. Many producers pursue Light, Tight Oil plays which often come with large [Read more]
Significant court decision could determine Trans Mountain’s fate: experts
VANCOUVER - A court decision expected Thursday could determine the fate of the contentious Trans Mountain pipeline expansion and further define Canada's duty to consult with First Nations, experts say. The Federal Court of Appeal is to rule on a case that combined nearly two dozen lawsuits calling for the National Energy Board's review of Kinder Morgan Canada Ltd.'s project to be overturned. First Nations, including the Tsleil-Waututh and Squamish on British Columbia's south coast, argued [Read more]
Toscana Energy Announces Acquisition of Cortona Energy Ltd.
CALGARY, Alberta, Aug. 28, 2018 (GLOBE NEWSWIRE) -- Toscana Energy Income Corporation ("Toscana" or the "Company") (TSX: TEI) is pleased to announce the successful closing of its previously announced acquisition of Cortona Energy Ltd. (“Cortona”) for aggregate consideration of approximately $12,000,000.00 (the “Transaction”) as previously described in the July 23, 2018 press release of the Company. The closing of this strategic Transaction adds approximately 250 BOEs/d of light oil production [Read more]
PetroShale Announces Financial and Operating Results for Second Quarter 2018
CALGARY, Aug. 28, 2018 /CNW/ - PetroShale Inc. ("PetroShale" or the "Company") (TSXV: PSH, OTCQX: PSHIF) is pleased to announce its financial and operating results for the three and six month periods ending June 30, 2018. The Company's unaudited consolidated financial statements and corresponding Management's Discussion and Analysis (MD&A) for the period will be available on SEDAR at www.sedar.com, on the OTCQX website at www.otcqx.com, and on PetroShale's website at [Read more]
Pieridae Energy second quarter reports
CALGARY, Alberta, Aug. 28, 2018 (GLOBE NEWSWIRE) -- Pieridae Energy Limited (PEA-TSXV) is pleased to announce that it has filed its second quarter unaudited condensed interim financial statements and related management’s discussion and analysis (“MD&A”) for the three and six months periods ended June 30, 2018. Pieridae is a reporting issuer or the equivalent in British Columbia, Alberta and Québec. It is listed on the TSX Venture Exchange under the symbol PEA. Pieridae's unaudited condensed [Read more]
Eagle Energy Inc. Announces Closing of Twining Asset Sale and Debt Reduction
CALGARY, Aug. 28, 2018 /CNW/ - (TSX: EGL): Eagle is pleased to announce it has closed the sale of its entire interest in the oil and natural gas properties near Twining, Alberta to a third party for cash consideration of $CA 13.82 million before customary post-closing adjustments (the "Sale"). As planned, Eagle has used $US 8.1 million of the net proceeds from the Sale to reduce its outstanding long term debt to $US 30.4 million and intends to use the remaining net proceeds to further fund [Read more]
Connacher Announces Q2 2018 Results
CALGARY, Aug. 28, 2018 /CNW/ - Connacher Oil and Gas Limited ("Connacher" or the "Company") announces its financial and operating results for the three and six months ended June 30, 2018 ("Q2 2018") (all amounts are in Canadian dollars unless otherwise noted). Q2 2018 Highlights Financial Q2 2018 and YTD 2018 revenue, net of royalties, totaled $54.2 million (Q2 2017 - $54.0 million) and $88.0 million (YTD 2017 - $100.9 million), respectively. For both periods, revenue, net of [Read more]
Wyoming oil basin deals rise as companies look past Permian
Oil companies looking for the next big find are wading into the Powder River Basin of Wyoming, where pipelines are not congested and land is cheaper than in Texas' Permian Basin, the world's fastest-growing oil producing region. A series of largely undisclosed land deals is fueling interest in its conventional and shale formations, according to people familiar with the transactions who requested anonymity this week to discuss the confidential deals. U.S. crude prices have risen 48 percent [Read more]
U.S. energy companies fume over rejected steel tariff exemptions
HOUSTON (Reuters) - The U.S. Commerce Department recently granted a tariff exemption to oil major Chevron for its imports of 4.5-inch Japanese steel tubes for oil exploration. But the department rejected a similar request from Borusan Mannesmann Pipe to exclude 4.5-inch steel pipes imported from Turkey for casing used to line new oil wells. The reason: multiple U.S. steelmakers objected to Borusan’s application, arguing they could supply the product, according to the department. Chevron [Read more]