Calgary, Alberta (FSCwire) - Point Loma Resources Ltd. (TSX VENTURE: PLX) (the “Corporation” or “Point Loma”) is pleased to announce that it has entered into a definitive agreement to acquire an additional interest in an oil property acquired in June 2018 (the “Acquisition”). The purchase price of the Acquisition is $270,000.00, before customary closing adjustments, and will be paid in the form of 876,623 common shares of the Corporation. Highlights Point Loma has acquired an [Read more]
Headlines
The view from Oslo, which sounds about right: “Canada seems to be the least painful country to kind of whale on”
I have a big favour to ask: Can we please stop with this Canadian niceness PR campaign? Aw crap, there I go, guilty as anyone. Sorry. I mean not sorry. Sheesh. I’ll try again: It’s time to stop this “Canada means nice” foolishness. Don't take that the wrong way, we can still be lovable hosers if we want. Polite? Sure. Helpful? Sounds great. By all means, let’s stand proud that we (if we) deserve those accolades. But it’s time to stop with this mantra that niceness is our natural national [Read more]
Ensign Energy Services makes takeover offer for Trinidad Drilling
CALGARY - Ensign Energy Services Inc. has announced a takeover offer for Trinidad Drilling Ltd. in a transaction it valued at about $947 million, including debt. The oilfield services company is offering $1.68 per share in cash for each Trinidad share. It estimated Trinidad's outstanding net debt at $477 million as of June 30. Trinidad completed a strategic review on Aug. 1 during which it reviewed a number of alternatives, but did not strike a deal. Its shares closed at [Read more]
MEG Energy Announces Appointment of Derek Evans to its Board of Directors
CALGARY, Aug. 13, 2018 /CNW/ - MEG Energy Corp. (TSX:MEG) ("MEG" or the "Company") reported that at a meeting of its Board of Directors on August 10, 2018, Derek Evans, President and CEO, was appointed and elected as a member of the Board. About MEG Energy Corp. MEG Energy Corp. is focused on sustainable in situ oil sands development and production in the southern Athabasca oil sands region of Alberta, Canada. MEG is actively developing enhanced oil recovery projects that utilize SAGD [Read more]
Manitok Energy Inc. Receivership Sale
Alvarez & Marsal Canada Inc. ("A&M"), in its capacity as Court appointed Receiver and Manager of Manitok Energy Inc. and Raimount Energy Corp. (collectively "Manitok" or the "Company"), is seeking offers to purchase the assets of Manitok and has retained Peters & Co. Limited ("Peters & Co.") as its exclusive financial advisor to assist in this process. Confidential information will be made available to parties who execute a confidentiality agreement. Offers to purchase the [Read more]
Raging River Provides Additional Information for Brokers and Beneficial Shareholders on Elections Required
CALGARY, Alberta, Aug. 13, 2018 (GLOBE NEWSWIRE) -- Raging River Exploration Inc. ("Raging River") (TSX: RRX) provides additional information for brokers and other intermediaries who hold Raging River shares on behalf of beneficial Raging River shareholders on making the appropriate elections on behalf of such beneficial shareholders in respect of the proposed plan of arrangement (the "Arrangement") involving Baytex Energy Corp. ("Baytex") and Raging River. Share Exchange and Election [Read more]
Cequence Energy Announces Second Quarter 2018 Financial Results
CALGARY, Aug. 10, 2018 /CNW/ - Cequence Energy Ltd. ("Cequence" or the "Company") (TSX: CQE) is pleased to announce its operating and financial results for the three and six-month periods ended June 30, 2018. The Company's Condensed Consolidated Financial Statements and Management's Discussion and Analysis are available at cequence-energy.com and on SEDAR at www.sedar.com. Second quarter and subsequent Company highlights include: Brought on stream 3 gross (2 net) Dunvegan oil wells, [Read more]
Groundstar Resources Limited Announces Second Closing of Financing
CALGARY, Alberta, Aug. 10, 2018 (GLOBE NEWSWIRE) -- Groundstar Resources Limited (TSXV:GSA) (the “Company”) is pleased to announce that it has closed on the second tranche of its previously announced non-brokered private placement of a maximum of up to 20 million units in the capital of the Company (the “Common Units”) at a price of $0.01 per unit, each unit consisting of a common share in the capital of the Company (“Common Share”) and a common share purchase warrant (a “Warrant”) for gross [Read more]
Canada Weekly Rig Count Down 14 to 209
Western Canada’s fleet of drilling rigs declined to to a total of 209 according to data collected by Baker Hughes for the week of August 10th. From one week ago, Alberta rig counts decreased from 156 to 140. Saskatchewan's rig count remained at 46. Oil drilling went from 152 to 140; natural gas rigs decreased from 71 to 69. View a full breakdown of western Canada’s rig activity. [Read more]
U.S. drillers add most oil rigs since May
U.S. energy companies this week added the most oil rigs since May as drillers follow though on plans to spend more on exploration and production in anticipation of higher crude prices in 2018 than recent years. Drillers added 10 oil rigs in the week to Aug. 10, bringing the total count to 869, the highest level since March 2015, General Electric Co's Baker Hughes energy services firm said in its closely followed report on Friday. That rig count increase occurred desite U.S. crude prices [Read more]