Opponents of TransCanada's Keystone XL pipeline have launched a last-minute public relations blitz before Nebraska regulators weigh in on its route next week in the last big regulatory hurdle for the long-delayed project. The proposed 1,179-mile (1,897 km) pipeline would link Canada's Alberta oil sands to U.S. refineries. It has long been a lightning rod of controversy for environmental groups and worried about spills and global warming, and former President Barack Obama rejected it. But [Read more]
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Surge Energy Inc. Announces Closing of Convertible Debenture Financing
CALGARY, Nov. 15, 2017 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) is pleased to announce that it has closed its previously announced Convertible Debenture Financing (the "Financing") agreement with a syndicate of Underwriters, led by NBF, pursuant to which the Underwriters purchased $44.5 million principal amount of Debentures at a price of $1,000 per Debenture, on a "bought deal" basis. (the "Closing"). The Company granted to the Underwriters an option (the "Over-Allotment [Read more]
Tangle Creek Energy Inc. – Non-Core Property Divestiture
Sayer Energy Advisors has been engaged to assist Tangle Creek Energy Ltd. (“Tangle Creek” or the “Company”) with the marketing of its non-core producing oil and natural gas properties in the Chip Lake, Leaman, McLeod, Pine Creek and Sinclair areas of Alberta, as well as its non-producing oil and natural gas properties in the Doe/Pouce Coupe, Grimshaw, Kakut, Pembina, Ricinus, Rycroft, Spirit River and Valhalla areas of Alberta (the “Properties”). Most of the Properties were acquired by Tangle [Read more]
Canadian Discovery Tackles The Southern Duvernay Oil Play
The Southern Duvernay is emerging as Canada’s first true “shale oil” play. We estimate the 4.2 million plus acre economic fairway to have an OOIP of 40 to 80 billion bbls. A recent AER open file report suggests an OOIP range of 98 to 113 billion bbls in the East Shale Basin alone. Results from the most recent drilling activity have shown consistent improvement in both initial production rates and estimated recoverable oil. The better (P10) wells provide half cycle RORs of 52%, with $50 WTI and [Read more]
E and H Royalties Inc.: Southwest Saskatchewan Upper And Lower Shaunavon, Illerbrun/West Verlo Assets Sale
E and H Royalties Inc.(E and H ) has engaged NRG Divestitures to assist in the marketing and sale of its Illerbrun and West Verlo assets in South Western Saskatchewan. E and H's gross/net current capability is 140/100 Bopd with a minimal re-activation capital investment. The Lower Shaunavon drilling opportunity provides 24 high-grade drilling locations capable of over 1,800/1,260 bopd gross/net. E and H Royalties Inc. holds a 66.5 percent working interest in the suspended Illerbrun [Read more]
E3 Metals Completes First Petro-Lithium Inferred Mineral Resource of 1.9 Mt LCE on the Clearwater Property
Vancouver, BC – November 15, 2017 – E3 METALS CORP. (TSX-V: ETMC, FSE: OU7A, OTC: EEMMF) (the “Company”, “E3” or “E3 Metals”) is pleased to announce that it has completed its first National Instrument 43-101 (NI 43-101) Inferred Mineral Resource Estimate (the “Resource”) of 1.9 million tonnes lithium carbonate equivalent (LCE) from 4,600,000,000 m3 (4.6 km3) of brine formation water at an average grade of 77.4 mg/L for the Central Clearwater Resource Area, located within a portion of the [Read more]
Storm Resources Ltd. is Pleased to Announce Its Financial and Operating Results for the Three and Nine Months Ended September 30, 2017
CALGARY, ALBERTA--(Marketwired - Nov. 14, 2017) - Storm Resources Ltd. (TSX:SRX) Storm has also filed its unaudited condensed interim consolidated financial statements as at September 30, 2017 and for the three and nine months then ended along with Management's Discussion and Analysis ("MD&A") for the same period. This information appears on SEDAR at www.sedar.com and on Storm's website at www.stormresourcesltd.com. Selected financial and operating information for the three and nine [Read more]
RMP Energy Announces Intention of Share-Repurchase Program, Provides Elmworth Operations Update and Reports Third Quarter 2017 Results
CALGARY, Alberta, Nov. 14, 2017 (GLOBE NEWSWIRE) -- RMP Energy Inc. (the “Company”) (TSX:RMP) today announces its intention to commence a share-repurchase program, provides an Elmworth Montney operations update, and reports its financial and operating results for the third quarter of 2017. The Company is changing its corporate name to "Iron Bridge Resources Inc.". The name change is expected to become effective later this month.The ticker symbol "IBR" has been reserved by the Toronto Stock [Read more]
Ikkuma Resources Corp. Announces Closing in Escrow of the Previously Announced Foothills Acquisition
CALGARY, Nov. 14, 2017 /CNW/ - Ikkuma Resources Corp. (TSXV: IKM) ("Ikkuma") is pleased to announce that its previously announced acquisition of certain assets located in the Alberta Foothills as well as in the British Columbia Deep Basin (the "Foothills Acquisition") for cash consideration of $34,000,000, subject to customary adjustments, has closed in escrow. The Foothills Acquisition has an effective date of July 1, 2017. Final closing is anticipated to be completed on or about 30 days from [Read more]
Canadian Pacific watching signs of life in crude by rail shipments
Canadian Pacific Railway Ltd sees shipments of crude by rail "coming alive a little bit," Chief Marketing Officer John Brooks said on Tuesday, signaling a pickup in a business that had been hurt by low energy prices and competition from pipelines. Many traders are expecting a pickup in crude by rail volumes in 2018 as oil sands projects including Suncor Energy Inc's Fort Hills plant and the latest phase of Canadian Natural Resources Ltd's Horizon oil sands start producing at the end of this [Read more]