CALGARY, Alberta, Jan. 09, 2018 (GLOBE NEWSWIRE) -- Point Loma Resources Ltd. (TSX-V:PLX) ("Point Loma" or the "Company") is pleased to announce that it has closed the private placement financing of 2,597,321 common shares of the Company (the "Common Shares") issued to Evenergy Company Limited ("Evenergy") at a price of $0.29 per share for aggregate gross proceeds of approximately $0.75 million (the "Offering"). The Offering was completed pursuant to an investor rights agreement between the [Read more]
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OSY Rentals 16” x 7’6” Separators Available for Purchase, Rent, Rent to Purchase
MAWP - 1480 PSI Dressed - 3 Phase dressed 2 Phase Inlet Conrol - N/A Back Pressure Control - Fisher Control Valve w/ Fisher 4150 Methanol - Yes Gas Metering - 2” Sr. Meter Run w/ 4102 Control Microsystem Liquid Metering - Sur-Flo SF1015 Heated/Enclosed - Yes Wholesale Price $12,500.00 Also Available for Rent or Rent to Purchase Over 25 Available Contact Greg Cairns at (780) 806-8700 or greg@osyrentals.com [Read more]
Pulse Oil Corp. announces independent assessment of 100% controlled Bigoray Enhanced Oil Recovery project
CALGARY, Jan. 9, 2018 /CNW/ - Pulse Oil Corp. ("Pulse" or the "Company") (TSX-V: PUL) reports today on the independent resource assessment (the "Resource Assessment") of the Company's Nisku Enhanced Oil Recovery ("EOR") project in the Bigoray area of Alberta ("Bigoray"). The estimate, completed by Sproule Associates Limited ("Sproule"), an independent qualified reserves evaluator, with an effective date of December 6, 2017, includes the Bigoray EOR project potential only, and is in addition [Read more]
Encana delivers strong finish to 2017; innovation, execution and efficiency set the stage for self-funded growth in 2018
CALGARY, Alberta, Jan. 09, 2018 (GLOBE NEWSWIRE) -- Encana (TSX:ECA) (NYSE:ECA) delivered strong performance through the fourth quarter of 2017 to close another year successfully executing its strategy, delivering significant oil and condensate growth and driving additional efficiency gains. Supported by the strong finish to 2017, the company is firmly on track to meet or exceed the targets in the five-year plan shared at its Investor Day in October 2017. Driven by its focus on innovation and [Read more]
Canada’s 1st VIRTUAL Trade Show For the Oil and Gas Industry May 8th and 9th 2018
Click here to view the video about the Industry Connect event May 8-9th 2018 from 5 Star Media Group on Vimeo. Free Registration for a limited time Click here to pre-register for this revolutionary industry only event which will offer solutions that reduce your operating costs and improve your bottom line. Industry Connect- Canada’s first VIRTUAL trade show for the oil and gas industry. Virtually Join us on May 8th and 9th 2018 for our exclusive industry only event. At the [Read more]
ATB Financial increases ownership of AltaCorp Capital after founder’s death
CALGARY - ATB Financial says its ownership of Calgary investment firm AltaCorp Capital is growing from a minority to a majority interest under succession provisions triggered by the sudden death of AltaCorp founder and CEO George Gosbee in November. ATB CEO Dave Mowat says the Alberta government-owned lender has purchased Gosbee's shares from his estate to become the controlling shareholder in order to ensure short-term "continuity" of the business. But he adds the provincial [Read more]
Osum set to double production at Orion Project with acceleration of phased expansion plan
CALGARY, Jan. 8, 2018 /CNW/ - Osum Oil Sands Corp. ("Osum" or the "Company"), a private oil sands company, is pleased to announce the commencement of the Phase 2C expansion at its Orion Thermal Project ("Orion Project" or "Orion"), located in the Cold Lake oil sands region of Alberta. The Phase 2C expansion will be executed concurrently with the Phase 2B expansion that was announced in October 2017 and will be funded from cash on hand and with cash flow. When completed, the two phases [Read more]
Finally, something real about bitcoin – it’s about to break the energy system
The Harry Potter books and movies were wildly popular and extremely well done. It was hard to believe a single imagination could create such a complete world, with human values and foibles being the only connection to real life. It was a fascinating place to sink one’s self into, though the general concept made it easy to keep from getting too carried away – few of us needed to wave a stick around to know that magic can’t be relied on to help us with our own earthly villains no matter how much [Read more]
Zafer Energy Proceeding With Can-World Finance Services
Calgary, Alberta, December 6, 2017 – Zafer Energy Inc. announces that it has entered into an exclusive engagement agreement (the “Engagement Agreement”) with Can-World Finance Services (“Can-World”) whereby Can-World has agreed to participate in the funding of up to $75,000,000.00 CAD for the acquisition of producing oil and gas properties in the Western Canadian Sedimentary Basin. Zafer intends to use the funds drawn under the facility to acquire new high-quality oil and gas producing [Read more]
Baker Hughes Announces December 2017 Global Rig Counts
HOUSTON & LONDON--(BUSINESS WIRE)--Baker Hughes, a GE company (NYSE:BHGE) announced today that the Baker Hughes international rig count for December 2017 was 954, up 12 from the 942 counted in November 2017, and up 25 from the 929 counted in December 2016. The international offshore rig count for December 2017 was 191, up 8 from the 183 counted in November 2017, and down 19 from the 210 counted in December 2016. The average US rig count for December 2017 was 930, up 19 from the 911 [Read more]