TSX Venture Exchange: IKM-V CALGARY, Oct. 11, 2018 /CNW/ - Ikkuma Resources Corp. ("Ikkuma" or the "Corporation") is pleased to provide an update on its recent activity. Ikkuma is pleased to announce that on October 9, 2018 it closed a conveyance and sale agreement for the sale of a non-core dormant midstream facility in the Alberta foothills (the "Midstream Facility Sale") to an undisclosed purchaser for a total consideration of $2.0 million, subject to customary adjustments. As [Read more]
Headlines
Velvet Energy Ltd. & Iron Bridge Resources Inc. Jointly Announce Amalgamation Agreement
CALGARY, Alberta, Oct. 11, 2018 (GLOBE NEWSWIRE) -- Velvet Energy Ltd. ("Velvet") and Iron Bridge Resources Inc. (TSX: IBR) ("Iron Bridge") today announced that Iron Bridge has entered into an amalgamation agreement (the "Amalgamation Agreement") with Velvet Acquisition Company Ltd. ("AcquisitionCo"), a wholly-owned subsidiary of Velvet, under which Iron Bridge will amalgamate with AcquisitionCo, with the amalgamated entity ("Amalco") becoming an wholly-owned subsidiary of Velvet (the [Read more]
B.C. pipeline explosion strands natural gas output, cuts into wellhead prices
CALGARY - A pipeline explosion in B.C. on Tuesday is interrupting natural gas deliveries and cutting into the cold weather price bonus Canadian gas producers had been enjoying for the past few weeks. More than 1.6 billion cubic feet per day — roughly 10 per cent of Western Canada's daily natural gas output — was stranded when Enbridge Inc. halted transport on the 36-inch line that exploded near Prince George, B.C and on its neighbouring 30-inch line. The National Energy Board allowed [Read more]
Prairie Provident Announces Closing of $5.5 Million Equity Financing, including Exercise of Over-Allotment Option, and Expands Light Oil Drilling Program at Evi
CALGARY, Alberta, Oct. 11, 2018 (GLOBE NEWSWIRE) -- Prairie Provident Resources Inc. ("Prairie Provident" or the "Company") (TSX: PPR) is pleased to announce the closing of its previously announced bought deal financing ("Bought Deal Financing") and strategic private placement, each led by Mackie Research Capital Corporation ("MRCC") for total gross proceeds of $5.5 million, including exercise of the over-allotment option under the Bought Deal Financing. Pursuant to the Bought Deal Financing, [Read more]
Altura Energy Inc. Provides an Operational Update
CALGARY, Alberta, Oct. 11, 2018 (GLOBE NEWSWIRE) -- Altura Energy Inc. ("Altura", or the "Corporation") (TSX Venture: ATU) is pleased to provide an operational update in respect to its Leduc-Woodbend core area. Altura completed its summer drilling program of eight 1.5-mile extended reach horizontal ("ERH") wells in the Leduc-Woodbend Upper Mannville Rex oil pool on August 23rd. Five wells were brought on production throughout July and August, two wells were brought on production October 3rd [Read more]
A new training course to prepare the Oil and Gas Industry for the impacts of wildfire
Wildfire is a reality in Alberta’s forests and grasslands and the impacts on oil and gas industry can be harsh and far reaching, as evidenced by many of the significant wildfires of the last 10 years. From the high-profile fires of Slave Lake, Fort McMurray and the massive fires of BC, to the many low-profile wildfires that have impacted oil and gas facilities, threatened personnel and even delayed production. As the impacts of these wildfires have taken their toll, the Government of Alberta has [Read more]
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Blackbird Energy Inc. Closes CDE Flow-Through Equity Financing for Gross Proceeds of $2.3 Million
CALGARY, Alberta, Oct. 10, 2018 (GLOBE NEWSWIRE) -- (TSX-V: BBI) Blackbird Energy Inc. (“Blackbird” or the “Company”) is pleased to announce that it has closed the second tranche of its previously announced non-brokered private placement by issuing 6,249,181 common shares ("Shares") on a "flow-through" basis in respect of Canadian Development Expenses ("CDE") at a price of $0.37 per Share, resulting in gross proceeds of $2.3 million (the "CDE Private Placement"). Proceeds from the CDE Private [Read more]
National Energy Board responds to Enbridge gas pipeline rupture
CALGARY, Oct. 10, 2018 /CNW/ - The National Energy Board (NEB) has deployed staff to the area of a sweet natural gas pipeline rupture on the Enbridge transmission pipeline near Prince George, B.C. Their role will be to oversee the company's response and to work with other emergency response agencies on site. Enbridge has indicated that the 36 inch pipeline ruptured at approximately 5:30 pm PDT on October 9 in a remote area, and no injuries have been reported. Residents of the nearby Lheidli [Read more]
Encana CEO says carbon taxes cost $100,000 per well in northeastern B.C.
The CEO of Encana Corp. says government policy is making Canada an increasingly uncompetitive place to drill for oil and gas. Doug Suttles says it costs his company about $100,000 in carbon taxes on the diesel required to drill and complete each well in northeastern British Columbia, a cost his competitors in similar plays in the United States do not pay. He told the Energy Roundtable conference in Calgary that Encana's wells produce clean-burning natural gas which is then processed in one [Read more]