CALGARY, Alberta, Nov. 16, 2017 (GLOBE NEWSWIRE) -- Questfire Energy Corp. (“Questfire”) (TSXV:Q.A) is disappointed to announce that its lenders, Alberta Treasury Branches and The Toronto-Dominion Bank (the “Lenders”), have made demand upon Questfire for payment in full of Questfire’s debt. In addition, the Lenders have provided Questfire with a Notice of Intention to Enforce Security pursuant to subsection 244(1) of the Bankruptcy and Insolvency Act (Canada) and today the Lenders are seeking a [Read more]
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TransCanada responds to oil leak in Amherst, South Dakota
AMHERST, SOUTH DAKOTA--(Marketwired - Nov. 16, 2017) - News Release - TransCanada (TSX:TRP) (NYSE:TRP) crews safely shut down its Keystone pipeline at approximately 6 a.m. CST (5 a.m. MST) after a drop in pressure was detected in its operating system resulting from an oil leak that is under investigation. The estimated volume of the leak is approximately 5,000 barrels. The section of pipe along a right-of-way approximately 35 miles (56 kilometres) south of the Ludden pump station in Marshall [Read more]
USA and China make their natural resources work for them, while Canada twiddles its thumb
During President Trump’s recent visit to China, bilateral agreements worth $250-billion were signed between the United States and China. From the raft of agreements signed, the following deals caught my attention: China's top state oil major Sinopec, Bank of China and China Investment Corp agreed to help develop a $43-billion natural gas project in Alaska. Air Products and Chemicals signed an agreement with Yankuang Group for a $3.5-billion coal-to-syngas production facility in [Read more]
Seven Generations shares slide after it increases 2018 capital spending plan
CALGARY - Negative market reaction to a slight rise in its 2018 spending plan by natural gas producer Seven Generations Energy Ltd. (TSX:VII) shows how little patience investors have for anything but conservative management in the oilpatch, analysts say. On Thursday, shares in the company plunged by as much as 10 per cent after it announced it would increase its budget by five per cent to about $1.75 billion next year compared with 2017. The stock closed at $16.58, down $1.37 or nine per [Read more]
U.S. to account for most world oil output growth over 10 years: IEA
BONN, Germany (Reuters) - The United States is expected to account for more than 80 percent of global oil production growth in the next 10 years and it will produce 30 percent more gas than Russia by that time, he International Energy Agency (IEA) said on Thursday. “This has implications on the oil markets, prices, trade flows, investment trends and the geopolitics of energy,” IEA head Fatih Birol said at a U.N. climate conference in Bonn. He said the United States, whose upstream energy [Read more]
New Star Energy Ltd. Duvernay Farm-in Opportunity
New Star Energy Ltd. Highvale Duvernay/Deep Rights Package Approximately 140,000 hectares of prospective Duvernay shale rights have been purchased in the October and early November 2017 Alberta landsales offsetting New Star Energy’s land base in the Highvale area. Total consideration of ~$60,000,000 has been spent in the past three landsales with an average price of ~$500.00/ha. The below map highlights the offsetting October, November and December landsales. Click here for more [Read more]
RMP Energy Receives TSX Approval for Normal Course Issuer Bid
CALGARY, Alberta, Nov. 16, 2017 (GLOBE NEWSWIRE) -- RMP Energy Inc. (the "Company") (TSX:RMP) is pleased to announce that the Toronto Stock Exchange ("TSX") has accepted the Company’s notice of intention to commence a normal course issuer bid (the "NCIB"). Under the NCIB, the Company may purchase for cancellation, from time to time, as it considers advisable, up to a maximum of 12,000,000 common shares of the Corporation ("Common Shares"), which represents approximately 9% of its 136,661,148 [Read more]
Seven Generations sharpens focus on returns in multi-year, fully-funded organic growth plan with expanded core drilling inventory
CALGARY, ALBERTA--(Marketwired - Nov. 16, 2017) - Seven Generations Energy's Board of Directors has approved 2018 capital investment of $1.675 to $1.775 billion, which will target an average production range of 200,000 to 210,000 boe/d in 2018 and build the longer-term capacity to produce 220,000 to 240,000 boe/d in 2019. At the midpoint of each year's production forecast, this represents a compound annual growth rate of approximately 15 percent from forecasted 2017 average production. 7G [Read more]
Who else needs a Large Horizontal Separator or Treater Immediately AND for $.50-$.65 on the dollar? These 3 Distinct Pieces are ready for immediate delivery
ITEM#1 This 72” x 30’ x 720PSIG Separator was originally built for Husky and was transported to Grande Prairie for a more strategic shipping and inspection location. AB, BC, SK Registration 12” Inlet / Outlet 24” Water Boot Fully Wired to JB’s c/w H2S, LEL, Lights, Heaters, and ESD’s Located at a fabrication shop so any changes or alterations are extremely cost efficient Click here for drawing set ITEM#2 This 72” x 20’ x 720 PSIG Separator was built by ProPak and was [Read more]
Pan Orient Energy Corp: 2017 Third Quarter Financial & Operating Results
CALGARY, Alberta, Nov. 16, 2017 (GLOBE NEWSWIRE) -- Pan Orient Energy Corp. (“Pan Orient” or the “Company”) (TSXV:POE) reports 2017 third quarter consolidated financial and operating results. Please note that all amounts are in Canadian dollars unless otherwise stated and BOPD refers to barrels of oil per day. The Company is today filing its unaudited consolidated financial statements as at and for the nine months ended September 30, 2017 and related management’s discussion and analysis with [Read more]