New 120 MMCF/D Eight Well Montney Pad Exceeds Expectations Corporate Production Increased to 215 MMCFE/D (35,760 boe/d) and Total Corporate Cash Costs Reduced to $0.58/mcfe (TSX: AAV, NYSE: AAV) CALGARY, Oct. 12, 2016 /CNW/ - Advantage Oil & Gas Ltd. ("Advantage" or the "Corporation") is pleased to report that during the third quarter of 2016, a new Glacier eight well Montney pad was completed and outperformed Management expectations with a combined initial production flow rate of 120 [Read more]
Headlines
Bayshore Petroleum Corp Updates E-T Energy Ltd Discussions
CALGARY, ALBERTA--(Marketwired - Oct. 12, 2016) - Bayshore Petroleum Corp. ("Bayshore" or the "Company") (TSX VENTURE:BSH) has been discussing potential partnerships and transactions with E-T Energy Ltd. ("ET"), and as an update to the news releases of July 29, 2016, September 7, and September 26, 2016, the Company advises this process has still not yet come to a formal, binding agreement. A further update will be provided by October 28, 2016. Bayshore shares remain halted from trading, and [Read more]
Trilogy Energy says oil emulsion spill in Alberta has covered 3 hectares
CALGARY - Trilogy Energy says the pipeline leak it discovered late last week in north central Alberta has covered an area about three hectares in size with oil emulsion — about the size of five CFL fields. In an update posted to its website late Tuesday, the Calgary-based oil and gas producer says it still doesn't know the volume of the spill into marshland about 15 kilometres from Fox Creek. The posting says that company president John Williams and other managers travelled to [Read more]
Marksmen Announces Third Quarter Production Results for Davis-Holbrook #1 Oil Well in Pickaway County, Ohio
CALGARY, ALBERTA--(Marketwired - Oct. 12, 2016) - Marksmen Energy Inc. (TSX VENTURE:MAH)(OTCQB:MKSEF) ("Marksmen" or the "Company") is pleased to announce that its wholly owned subsidiary, Marksmen Energy USA, Inc., as operator, and its joint operating partner Houghton Investments LLC., hereby release third quarter production results for its Davis-Holbrook #1 well, in Pickaway County, Ohio. Marksmen owns a 75% working interest in the well. Oil production from this well began on July 15, 2016 [Read more]
Twin Butte Energy Ltd. Sales and Investment Solicitation Process
CALGARY, Oct. 12, 2016 /CNW/ - On September 1, 2016, the Alberta Court of Queen's Bench (the "Court") granted an order appointing FTI Consulting Canada Inc. as Receiver and Manager (the "Receiver") of Twin Butte Energy Ltd. ("Twin Butte"), an intermediate oil and natural gas producer in Canada. In addition, on October 11, 2016, the Court approved a process permitting the Receiver to proceed with a sale and investment solicitation process for Twin Butte, and the appointment of Peters & Co. [Read more]
Trans Mountain pipeline builder says approval could create target for attackers
CALGARY - Kinder Morgan Canada is anticipating more attacks by activists if its Trans Mountain pipeline expansion from Edmonton to the West Coast is approved, president Ian Anderson says. Approval could paint a target on the project, resulting in more incidents like attempts Tuesday by protesters to shut down pipelines in four U.S. states, Anderson told reporters after speaking at an energy conference. "(There) will be localized impacts, there will be regionalized impacts and [Read more]
Wall says Clinton’s climate plan a better approach, Trudeau should take note
REGINA - Saskatchewan Premier Brad Wall says Prime Minister Justin Trudeau should look south of the border before implementing a carbon tax in Canada. Wall said the climate change plan released this week by U.S. presidential candidate Hillary Clinton supports investments in energy efficiency, cleaner fuels and carbon capture, but does not include a carbon tax. "When I take a look at Hillary Clinton's climate change plan, I wish Justin Trudeau was a little more like Hillary [Read more]
Rolling Hills Energy Ltd.: Queenstown, Alberta Property Divestiture
Sayer Energy Advisors has been engaged to assist Rolling Hills Energy Ltd. (“Rolling Hills” or the “Company”) with the sale of its oil and natural gas property located in theQueenstown area of Alberta (the “Property”). At Queenstown, Rolling Hills holds an interest in a total of 47.5 sections of land. The Company holds a 100% working interest in seven wells and a royalty interest in an additional three wells. Rolling Hills operates two natural gas wells and three oil wells, all producing [Read more]
Cequence Energy Increases Size of Private Placement of Flow Through Shares
CALGARY, ALBERTA--(Marketwired - Oct. 12, 2016) - Cequence Energy Ltd. ("Cequence") (TSX:CQE) is pleased to announce that, in connection with its previously announced private placement financing, Cequence and the syndicate of agents led by Peters & Co. Limited have agreed to increase the size of the "commercially reasonable efforts" agency private placement financing. Cequence will now issue up to 34,500,000 common shares on a "flow through" basis pursuant to the Income Tax Act (Canada) at a [Read more]
Seven Generations’ Change of Control Offer for 6.875% Senior Notes Due 2023 Expires Without Any Noteholders Tendering to the Offer
CALGARY, ALBERTA--(Marketwired - Oct. 12, 2016) - The change of control offer made by Seven Generations Energy Ltd. ("Seven Generations" or "7G") (TSX:VII) to purchase any and all of the 6.875% Senior Notes due 2023 (CUSIP Nos. 699320AH0/C71947AA0) (the "Notes"), originally issued by Paramount Resources Ltd. ("Paramount"), expired at midnight Eastern Time on October 9, 2016. None of the Notes were tendered and 7G did not extend the offer. The Notes were originally issued by Paramount pursuant [Read more]