SASKATOON, Saskatchewan, April 24, 2018 (GLOBE NEWSWIRE) -- Saturn Oil & Gas Inc. (“Saturn” or the “Company”) (TSX-V:SMI) (FSE:SMK) is pleased to announce that the Company has successfully acquired two additional sections of land in the Flaxcombe area. This brings the Company’s total land holdings to 17.0 gross sections (12.5 net) of land in west-central Saskatchewan. The two sections acquired were Crown land purchased from a major producer in the Flaxcombe area. The two sections are [Read more]
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Delphi Energy Announces Successful West Bigstone Test and Commissioning of the Bigstone Montney Phase I Amine Facility Ahead of Schedule
CALGARY, Alberta, April 24, 2018 (GLOBE NEWSWIRE) -- Delphi Energy Corp. (“Delphi” or the “Company”) is pleased to provide an operations update after completing its planned winter capital program. OPERATIONS UPDATE Delphi has completed its 2018 winter capital program including the Company’s Bigstone Montney amine processing facility, the drilling of four (2.6 net) new Montney wells, and the completion of seven (4.6 net) new wells. The extended winter conditions have allowed the Company to [Read more]
Response to Tzeporah Berman: If “the power of protest endures,” don’t pretend you’re interested in useful energy discussions, not with your track record anyway
I was asked the other day if I had a response to Tzeporah Berman’s recent opinion piece in the Globe and Mail. I of course felt cold and clammy and started getting the shakes; reading a piece by Berman is like being asked to go take the keys from the 6 foot 6 belligerent drunk who was just kicked out of the bar and is trying to unlock his car to drive home. There’s a feeling of inevitability that there is no way on earth this is going to be a pleasant experience. Invoking the spirit and tools [Read more]
Mission accomplished for OPEC as oil moves from slump to boom: Kemp
LONDON, April 24 (Reuters) - The slump that characterised the oil market between the middle of 2014 and the middle of 2016 has been replaced by what looks like the beginning of a boom. Benchmark Brent prices have already risen by more than $45 per barrel or 170 percent from their cyclical trough in early 2016. Front-month futures prices, at almost $75 per barrel, are now trading close to the inflation-adjusted average for the last price cycle, which started in 1998 and finished in [Read more]
Saskatchewan introduces law to allow control of oil, gas exports
REGINA - The Saskatchewan government has introduced legislation that would allow the province to control its oil and gas exports, similar to a bill recently tabled in Alberta. Once passed, the law would establish a permitting process for people or corporations looking to export energy products outside the province. The proposal does not mention British Columbia specifically, but Saskatchewan has said it is supporting Alberta in a dispute with B.C. over the Trans Mountain pipeline. The [Read more]
PrairieSky Announces First Quarter 2018 Results
CALGARY, Alberta, April 23, 2018 (GLOBE NEWSWIRE) -- PrairieSky Royalty Ltd. ("PrairieSky" or the "Company") (TSX:PSK) is pleased to announce its first quarter operating and financial results for the period ended March 31, 2018. PRESIDENT’S MESSAGE First Quarter 2018 Highlights: Total revenues of $67.9 million comprised of royalty production revenues of $64.1 million and other revenues of $3.8 million for the first quarterAverage royalty production of 23,536 BOE per day (47% liquids) for [Read more]
Canada to oppose Alaska oil drilling on caribou habitat: minister
Three levels of Canadian government say they will oppose the latest attempt to open the Alaska National Wildlife Refuge to oil drilling. "Canada supports the continued conservation of the Porcupine caribou herd's habitat, including in the Arctic refuge, and opposes opening this area to resource development," said Global Affairs Canada spokesman John Babcock. "The federal, territorial and Indigenous governments in Canada are united in their commitment to conservation of the herd [Read more]
Torchlight Energy Resources, Inc. Announces Closing of Underwritten Public Offering of Common Stock and Full Exercise of Underwriter’s Option to Purchase Additional Shares
PLANO, TX--(Marketwired - April 23, 2018) - Torchlight Energy Resources, Inc. (NASDAQ: TRCH), an energy company engaged in the acquisition, exploration, exploitation and/or development of oil and natural gas properties in the United States, today announced the closing of its previously announced underwritten public offering of 5,750,000 shares of its common stock at a public offering price of $1.15 per share, including 750,000 shares sold pursuant to the underwriter's exercise in full of its [Read more]
Minnesota judge to rule on Enbridge Energy’s Line 3 project
MINNEAPOLIS - An administrative law judge faced a Monday deadline for recommending whether Minnesota regulators should approve Enbridge Inc.'s proposal for replacing its aging Line 3 crude oil pipeline across northern Minnesota. The proposal has drawn strong opposition because the line would carry oilsands crude from Alberta across environmentally sensitive areas in the Mississippi River headwaters region where American Indians harvest wild rice and hold treaty rights. Administrative Law [Read more]
PetroShale Announces Financial and Operating Results and Reserves for the Year Ended December 31, 2017
CALGARY, Alberta, April 23, 2018 (GLOBE NEWSWIRE) -- PetroShale Inc. ("PetroShale" or the "Company") (TSX-V:PSH) (OTCQX:PSHIF) is pleased to announce its financial and operating results for the three and twelve month periods ended December 31, 2017, along with updated petroleum reserves as of December 31, 2017. PetroShale will file its audited consolidated financial statements and the corresponding Management’s Discussion and Analysis (“MD&A”) as at and for the year ended December 31, 2017, [Read more]