New Star Energy Ltd. Highvale Duvernay/Deep Rights Package Approximately 140,000 hectares of prospective Duvernay shale rights have been purchased in the October and early November 2017 Alberta landsales offsetting New Star Energy’s land base in the Highvale area. Total consideration of ~$60,000,000 has been spent in the past three landsales with an average price of ~$500.00/ha. The below map highlights the offsetting October, November and December landsales. Click here for more [Read more]
Headlines
RMP Energy Receives TSX Approval for Normal Course Issuer Bid
CALGARY, Alberta, Nov. 16, 2017 (GLOBE NEWSWIRE) -- RMP Energy Inc. (the "Company") (TSX:RMP) is pleased to announce that the Toronto Stock Exchange ("TSX") has accepted the Company’s notice of intention to commence a normal course issuer bid (the "NCIB"). Under the NCIB, the Company may purchase for cancellation, from time to time, as it considers advisable, up to a maximum of 12,000,000 common shares of the Corporation ("Common Shares"), which represents approximately 9% of its 136,661,148 [Read more]
Seven Generations sharpens focus on returns in multi-year, fully-funded organic growth plan with expanded core drilling inventory
CALGARY, ALBERTA--(Marketwired - Nov. 16, 2017) - Seven Generations Energy's Board of Directors has approved 2018 capital investment of $1.675 to $1.775 billion, which will target an average production range of 200,000 to 210,000 boe/d in 2018 and build the longer-term capacity to produce 220,000 to 240,000 boe/d in 2019. At the midpoint of each year's production forecast, this represents a compound annual growth rate of approximately 15 percent from forecasted 2017 average production. 7G [Read more]
Who else needs a Large Horizontal Separator or Treater Immediately AND for $.50-$.65 on the dollar? These 3 Distinct Pieces are ready for immediate delivery
ITEM#1 This 72” x 30’ x 720PSIG Separator was originally built for Husky and was transported to Grande Prairie for a more strategic shipping and inspection location. AB, BC, SK Registration 12” Inlet / Outlet 24” Water Boot Fully Wired to JB’s c/w H2S, LEL, Lights, Heaters, and ESD’s Located at a fabrication shop so any changes or alterations are extremely cost efficient Click here for drawing set ITEM#2 This 72” x 20’ x 720 PSIG Separator was built by ProPak and was [Read more]
Pan Orient Energy Corp: 2017 Third Quarter Financial & Operating Results
CALGARY, Alberta, Nov. 16, 2017 (GLOBE NEWSWIRE) -- Pan Orient Energy Corp. (“Pan Orient” or the “Company”) (TSXV:POE) reports 2017 third quarter consolidated financial and operating results. Please note that all amounts are in Canadian dollars unless otherwise stated and BOPD refers to barrels of oil per day. The Company is today filing its unaudited consolidated financial statements as at and for the nine months ended September 30, 2017 and related management’s discussion and analysis with [Read more]
Strategic Oil & Gas Ltd. Announces Third Quarter 2017 Financial Results and Provides Operations Update
CALGARY, Alberta, Nov. 15, 2017 (GLOBE NEWSWIRE) -- Strategic Oil & Gas Ltd. (“Strategic” or the “Company”) (TSXV:SOG) reports financial and operating results for the three months ended September 30, 2017. Detailed results are presented in Strategic's interim unaudited consolidated financial statements and related Management's Discussion and Analysis ("MD&A") which will be available through the Company's website at www.sogoil.com and on SEDAR at www.sedar.com. NEW MUSKEG WELL [Read more]
Suncor Energy announces 2018 capital program and production outlook
CALGARY, ALBERTA--(Marketwired - Nov. 15, 2017) - Suncor released its 2018 corporate guidance today which includes a capital program of between $4.5 and $5.0 billion and average upstream production of 740,000 to 780,000 barrels of oil equivalent per day (boe/d). The midpoints of these ranges represent a year over year production increase of more than 10 per cent and a capital spending reduction of approximately $750 million. Suncor's Oil Sands operations cash operating costs per barrel are [Read more]
Birchcliff Energy Ltd. Announces TSX Approval for Normal Course Issuer Bid
CALGARY, ALBERTA--(Marketwired - Nov. 15, 2017) - Birchcliff Energy Ltd. ("Birchcliff" or the "Corporation") (TSX:BIR) is pleased to announce that the Toronto Stock Exchange (the "TSX") has accepted the Corporation's notice of intention to make a normal course issuer bid (the "NCIB"). Birchcliff believes that within a continued volatile market environment, the prevailing market price of its common shares ("Common Shares") from time to time may not reflect the underlying value of such shares. [Read more]
Trans Mountain Seeks Determination from National Energy Board
CALGARY, Oct. 26, 2017 /CNW/ - After a thorough and lengthy process, taking into consideration local interests along with technical and scientific evidence, the National Energy Board (NEB) and the Government of Canada granted their approvals for the Trans Mountain Expansion Project in 2016. The Board and the Government considered timing and schedule in their determination that the Project is in the public's interest. After many months of working in good faith to obtain municipal permits from [Read more]
Obsidian Energy settles with U.S. Securities Commission over fraud charges
CALGARY - Obsidian Energy Ltd. says it has reached a US$8.5-million settlement with the U.S. Securities and Exchange Commission over fraud-related charges filed earlier this year. The SEC had alleged the company and three executives participated in a "multi-year accounting fraud" where hundreds of millions of dollars were moved from operating expense accounts to capital expenditure accounts to improve the appearance of its operating metrics. Under the settlement, the company [Read more]