FREDERICTON - Irving Oil says any New Brunswick carbon plan needs to allow the province's businesses to remain competitive. Premier Brian Gallant's government announced in Tuesday's throne speech that his Liberal government would bring in carbon pricing that helps combat climate change. The premier says the pricing model will minimize the impact on consumers while calling on industry to reduce emissions or pay its fair share. In a statement sent to The Canadian Press, [Read more]
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Enercore Energy Capital Delivers Fresh International Capital to the Canadian Junior Oil and Gas Market
Calgary, Alberta –Enercore Energy Capital Inc. is a capital advisory boutique with a focus on the Canadian energy sector. The core of its endeavours is to assist clients to access growth capital for their business. Enercore’s expertise is in raising capital through private equity, debt or joint venture partnerships. Enercore has direct access to a multitude of investors, both domestic and international, who are ready to deploy capital. The strength of these forged relationships enables [Read more]
Groundstar Resources Limited Announces Financing
CALGARY, Alberta, Oct. 24, 2017 (GLOBE NEWSWIRE) -- Groundstar Resources Limited (TSXV:GSA) (the “Company”) is pleased to announce that it intends to complete an offering of common shares in the capital of the Company (the “Common Shares”) at a price of $0.01 per share and/or common shares in the capital of the Company to be issued on a “flow-through” basis within the meaning of the Income Tax Act (Canada) (the “Flow-Through Shares”) also at a price of $0.01 per share, all by way of a [Read more]
RMP Energy Announces Successful Elmworth Well and Provides Operations Update and Winter Drilling Capital Plans
CALGARY, Alberta, Oct. 24, 2017 (GLOBE NEWSWIRE) -- RMP Energy Inc. (the “Company”) (TSX:RMP) is pleased to provide an operations update and announce its capital budget plans for this upcoming winter drilling season. The Company is changing its corporate name to "Iron Bridge Resources Inc.". The name change is expected to become effective on or before November 17, 2017. The ticker symbol "IBR" has been reserved by the Toronto Stock Exchange for the Company's use following the name change [Read more]
Small Canadian LNG project delayed to 2018 as costs bite
A construction decision on a small-scale liquefied natural (LNG) gas export terminal on British Columbia's coast has been pushed back to 2018, as Woodfibre LNG Ltd works to make its C$1.6 billion ($1.3 billion) project competitive in the face of weak prices. The Vancouver-based company, which is backed by Indonesian billionaire Sukanto Tanoto's RGE Group, said previously it would start construction on the 2.1 million tonnes per annum (Mtpa) terminal this year. "We're definitely moving [Read more]
Traverse Energy Ltd. Closes First Tranche of Private Placement Financing
CALGARY, Alberta, Oct. 24, 2017 (GLOBE NEWSWIRE) -- Traverse Energy Ltd. (the “Corporation”) (TSX Venture:TVL) is pleased to announce that it has successfully closed the first tranche of its previously announced non-brokered private placement (the “Private Placement”) of common shares of the Corporation (“Shares”) issued on a "flow through" basis eligible for the renunciation of Canadian exploration expenses within the meaning of the Income Tax Act (Canada). The Corporation issued 10,739,000 [Read more]
New Oil and Gas Jobs From BOE Report Jobs
Here are the latest oil and gas job postings courtesy BOE Report Jobs. To search and filter all the latest jobs, visit the BOE Report job board. All job listings are free to post for companies. Sign up to create an account to post jobs; it’s simple and easy to use. Oct. 24 Intermediate Web Developer Big Fish Staffing Calgary Oct. 24 Senior Well Testing Supervisor Roska DBO Grande Prairie Oct. 24 Well Testing Supervisor Roska DBO Grande Prairie Oct. 24 Senior Well [Read more]
Canamax Energy Ltd.: Non-Core Property Divestiture – Brazeau River & Grande Prairie areas
Sayer Energy Advisors has been engaged to assist Canamax Energy Ltd. with the sale of certain non-core oil and natural gas properties located in the Brazeau River and Grande Prairie areas of Alberta (the “Properties”). Recent production net to Canamax from the Properties has averaged 560 boe/d, consisting of 2.1 MMcf/d of natural gas and 210 barrels of oil and natural gas liquids per day. At Brazeau River, Canamax holds a 100% working interest in three sections of land, on which it [Read more]
Gear Energy Ltd.: 2017 Property Offering
Gear Energy Ltd. has retained CB Securities Inc. as its exclusive advisor for this sale. Vermilion Property Current production is 127 Bbls/day, of which 87% is from five (5) 100% working interest wells Operating Results for 7 months in 2017 $44.25/Bbl average price received ($4.80 less than WCS average) 144 Bbls/day average oil rate 4.8% royalties $29.50/Bbl operating costs Wet spring resulted in higher May/June 2017 costs $23.45/Bbl is expected going forward [Read more]
Backwardation beckons for WTI as crude stocks fall: Kemp
LONDON, Oct 24 (Reuters) - U.S. crude prices appear set to follow the international Brent benchmark from contango into backwardation in the next few months as oil inventories in the United States dwindle. U.S. commercial crude stocks have fallen by 23 million barrels since the start of the year, compared with an increase of 19 million barrels at the same point in 2016, and an average seasonal rise of 24 million barrels in the last decade. U.S. light sweet crude (WTI) futures for the contract [Read more]