CALGARY, Alberta, Aug. 29, 2018 (GLOBE NEWSWIRE) -- Canadian Spirit Resources Inc. (“CSRI” or the “Corporation”) (TSXV:SPI) (OTCBB:CSPUF) announces the release of its interim financial results and Management Discussion and Analysis (“MD&A”) for the three and six month periods ended June 30, 2018. This news release summarizes information contained in the unaudited interim condensed financials statements and MD&A for the three and six month periods ended June 30, 2018 and should not be [Read more]
Headlines
Developments since the AER Supreme Court appeal of the Redwater decision – the Bankruptcy trustee for Sequoia Resources sues over end of life liabilities raising the question “Who is responsible when financially shaky companies are unable to fund the eventual cleanup of old wells, pipelines and other facllities?”
This has been the concern reverberating throughout the oil and gas industry since the Redwater case first went to trial and now with subsequent high-profile bankruptcies in Alberta. According to Mike Newton of 360 Energy Liability Management “the fear is that companies will sell an asset to another entity that eventually goes bankrupt, and the Alberta Energy Regulator (AER) and Orphan Well Association (OWA) will come knocking on the door to recover costs for the end of life liabilities. A [Read more]
Strategic Oil & Gas Announces Independent Board Committee and Strategic Alternatives Process
CALGARY, Alberta, Aug. 29, 2018 (GLOBE NEWSWIRE) -- Strategic Oil & Gas Ltd. (TSXV:SOG) (“Strategic” or the “Company”) announces that a special committee of the board of directors of Strategic (the “Committee”) has been established to consider potential strategic alternatives available to the Company. The Committee is comprised of substantially all of the independent directors of the Company. The Company has not set a definitive schedule for this process, and does not intend to provide [Read more]
Marquee Energy Ltd. Announces Second Quarter 2018 Financial and Operating Results, and Entered into an Agreement for the Disposition of Non-Core Assets for $6.6 Million
CALGARY, Aug. 29, 2018 /CNW/ - Marquee Energy Ltd. ("Marquee" or the "Company") (TSXV: "MQX") reports its operational and financial results for the three months ended June 30, 2018. The Company's Financial Statements as well as the corresponding Management's Discussion and Analysis for the three months ended June 30, 2018 are available on its website www.marquee-energy.com as well as on SEDAR at www.sedar.com. HIGHLIGHTS Production in Q2 averaged 3,159 boe per day (boe/d) (53% oil and [Read more]
Journey Energy Inc. Executed Definitive Agreement with a Strategic Joint Venture Partner to Delineate East Duvernay Oil Resource
EXPANDED DUVERNAY LAND BASE TO APPROXIMATELY 140 GROSS SECTIONS CALGARY, Aug. 29, 2018 /CNW/ - Journey Energy Inc. (JOY – TSX) ("Journey" or the "Company") is pleased to announce that it has entered into a definitive agreement (the "Agreement") to develop its East Duvernay shale oil resource prospect with a strategic joint venture partner, Kiwetinohk Resources Corp. ("Kiwetinohk"). In addition, through a series of transactions, Journey, and Kiwetinohk, have increased the amount of contiguous [Read more]
‘More effective than a carbon tax:’ Saskatchewan digs in heels on climate change
MOOSE JAW, Sask. - The Saskatchewan government is doubling down on its climate change strategy and continues to defy Ottawa's demand it put a price on carbon emissions. Environment Minister Dustin Duncan says the province is expanding emission limits based on production for facilities such as potash mines and pulp mills. Those facilities generate 11 per cent of the province's emissions. He says the emission limits have already been announced for electricity generation and methane from [Read more]
Ikkuma Resources Corp. Announces Second Quarter 2018 Financial and Operating Results
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]
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]