Sayer Energy Advisors has been engaged to assist Longshore Resources Ltd. (“Longshore” or the “Company”) with the sale of its non-core oil and natural gas properties located in the Wembley area of Alberta (the “Properties”). The Properties consist of consolidated land blocks that are held by long-life, low-decline production, with light oil upside in the Lower Charlie Lake, Halfway and Montney formations. The Properties also include non-operated infrastructure, including the Company’s working [Read more]
Headlines
New, green-leaning governments: Aww, they grow up so fast… …when they actually need to govern in the real world
There exists a strange medical condition called “Alice in Wonderland Syndrome” (AIWS), described by the ever-wise Wikipedia as a “disorienting neuropsychological condition that impacts perception.” It's unusual effects include a sensation that body parts or external objects are shifting shape and size, and victims may endure a loss of sense of time or velocity. The sum impact can be an alienating period where the common touch points of reality can no longer be counted on. I don’t have the [Read more]
Pulse Oil Corp. announces Phase 1 of the Bigoray Enhanced Oil Recovery project is underway + new well reactivations targeting light oil
CALGARY, March 26, 2018 /CNW/ - Pulse Oil Corp. ("Pulse" or the "Company") (TSX-V: PUL and PUL.WT) reports today that Pulse has initiated Phase 1 of the Bigoray Nisku Pinnacle Reef Enhanced Oil Recovery ("EOR") project in the Bigoray area of Alberta ("Bigoray"). As previously announced on January 9, 2018, and as summarized below, Sproule Associates Limited ("Sproule"), an independent qualified reserves evaluator, completed an independent resource assessment that includes the Bigoray EOR [Read more]
Solution to Partial Upgrading Commercialized a Decade Ago
CALGARY, Alberta, March 26, 2018 – A technology developed with Canadian expertise and commercialized overseas is being touted as the solution to partial upgrading. In 1992, Dr. Keng Chung set out to answer the question, ‘what exactly is in Canadian bitumen that makes it so difficult to handle and process?’ The journey to answer this question led him to start his own company, Well Resources Inc. (“Well”) and partner with the China University of Petroleum. “We didn’t initially go out seeking [Read more]
Better times in the oilpatch fail to impress stock market investors
CALGARY - Prospects are looking brighter in the Canadian oilpatch as commodity price increases drive higher profits and afford companies room to offer dividend hikes and share buybacks — but slumping stock prices show that the oil and gas sector remains in the penalty box with investors. It's getting so bad that not even Canadian institutional investors can be convinced to buy Canadian energy company shares, says Grant Fagerheim, CEO of Calgary-based Whitecap Resources Inc. "We want to get [Read more]
Anti-pipeline protests continue in Burnaby, B.C.
BURNABY, B.C. - Anti-pipeline protesters are continuing to demonstrate near Kinder Morgan's terminal in Burnaby, B.C., today. Dozens of people followed Indigenous leaders in a march toward a gate to the Burnaby Terminal, with organizers saying more than 70 of them were prepared to be arrested. Protesters who tie themselves to the gate are violating a court injunction prohibiting them from five metres of the site and risk arrest. About 115 people, including Green Party [Read more]
Green Party leader, NDP MP arrested at anti-pipeline protest in B.C.
BURNABY, B.C. - Green Party Leader Elizabeth May and a New Democrat MP were arrested Friday at a protest against Kinder Morgan's expansion of the Trans Mountain pipeline in British Columbia. May and New Democrat MP Kennedy Stewart acknowledged they risked arrest by joining activists at a Trans Mountain pipeline terminal in Burnaby after the B.C. Supreme Court placed limits on where demonstrators could protest. As she was led away by police, May said the permits issued for the [Read more]
Western Canadian gas producers applaud B.C. LNG industry incentives
CALGARY - B.C. government tax incentives aimed at jump-starting the much-delayed West Coast LNG industry are being welcomed by Western Canada's hard-hit natural gas industry as a potential path to higher prices and better markets for their products. The government said Thursday it hopes its moves will result in a positive investment decision later this year for the $40-billion LNG Canada liquefied natural gas export terminal, pipelines and infrastructure which was delayed in 2016 by [Read more]
Alberta tells B.C. to stop opposing pipelines if it doesn’t like high gas prices
CALGARY - Alberta Premier Rachel Notley says if British Columbia wants to keep gasoline prices low it should stop opposing the Kinder Morgan oil pipeline expansion. B.C. Premier John Horgan said Thursday he would like to see the federal government step in to deal with high gas prices. "I would certainly love to see the federal government take some leadership in this regard," Horgan said in Victoria. "And the Kinder Morgan proposal, as it currently is constructed, will not bring down ... [Read more]
Canbriam Energy Announces Closing of Strategic Land Transaction
CALGARY, March 23, 2018 /CNW/ - Canbriam Energy (Canbriam) announced today that it has successfully closed the previously announced transaction with Suncor Energy Inc. (Suncor) to exchange all of Suncor's northeast British Columbia mineral land holdings and consideration of $52 million for a 37 percent equity interest in Canbriam. "We are pleased to close this acquisition and look forward to the seamless integration of the additional Montney lands into our operations." said Paul Myers, [Read more]