CALGARY, Dec. 21, 2017 /CNW/ - Ikkuma Resources Corp. (TSXV: IKM) ("Ikkuma") is pleased to announce the final closing of 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 $29.7 million, subject to customary adjustments. The Foothills Acquisition has an effective date of July 1, 2017. Throughout the next several months, Ikkuma will focus on asset [Read more]
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Iron Bridge Resources Provides Operations Update
CALGARY, Alberta, Dec. 20, 2017 (GLOBE NEWSWIRE) -- Iron Bridge Resources Inc. (the “Iron Bridge” or the "Company") is pleased to provide an update on its ongoing winter capital budget operations and its share re-purchase activities. Winter Capital Budget Update As previously-disclosed, Iron Bridge’s Elmworth winter capital budget includes the drilling of five, 100% working interest wells including a water disposal well. As of this date, the disposal well has been drilled and completed and is [Read more]
Alberta oil and gas drilling rights auction results rise to $504 million in 2017
CALGARY - Sales of oil and gas drilling rights in Alberta delivered almost four times as much money for the provincial treasury in 2017 compared with 2016 but the total remained well short of the record. Alberta Energy reports receiving $18 million in Wednesday's auction, the last of the year. That brings the total for 2017 to $504 million, 3.7 times as much as the $137 million in 2016. The record was $3.5 billion in 2011. The sales give oil and gas companies the right to drill [Read more]
Canadian offshore oil interest grows as pipeline woes sink Alberta prices
Canada's offshore oil industry, a sliver of the country's crude sector, is drawing rising investment interest due to an aggressive push by Newfoundland and Labrador as prices plummet in oil-rich Alberta due to pipeline problems. Offshore interest in the Atlantic province stands in contrast to Western Canada's oil fields, where foreign companies have sold some $23 billion worth of assets this year due to depressed prices. ExxonMobil's Hebron off Newfoundland, Canada's easternmost province, [Read more]
Freehold Royalties Ltd. Acquires a Long Life Cardium Royalty Asset
CALGARY, Alberta, Dec. 20, 2017 (GLOBE NEWSWIRE) -- Consistent with our strategy of enhancing the quality of our underlying asset base, Freehold Royalties Ltd. ("Freehold") (TSX:FRU) is pleased to announce the closing today of the acquisition of a long life, light oil gross overriding royalty (GORR). Royalty Acquisition Freehold is acquiring a new 2% GORR in petroleum and natural gas rights in the Cardium in 173,440 gross (120,960 net) acres of land in the greater Pembina area. The purchase [Read more]
Bonterra Energy Corp. Announces the Sale of a Two Percent Gross Overriding Royalty Interest in the Pembina Cardium Pool for Total Consideration of $52 Million and its 2018 Operational and Financial Budget
CALGARY, Alberta, Dec. 20, 2017 (GLOBE NEWSWIRE) -- Bonterra Energy Corp. (www.bonterraenergy.com) (TSX:BNE) (“Bonterra” or “the Company”) is pleased to announce that it has entered into a definitive agreement for the sale of a two percent non-convertible gross overriding royalty (“GORR”) in the Pembina Cardium pool for cash consideration of $52 million plus the assignment of the purchaser’s working interest in certain PNG rights, Tangibles (wells, pipelines, facilities) and Miscellaneous [Read more]
Inter Pipeline Announces Capital Expenditure Program for 2018
CALGARY, Alberta, Dec. 20, 2017 (GLOBE NEWSWIRE) -- Inter Pipeline Ltd. (“Inter Pipeline”) (TSX:IPL) announced today a $900 million capital expenditure program for 2018. Approximately $820 million, or 91 percent of total capital expenditures will be for organic growth initiatives, with the remaining $80 million invested for sustaining capital projects. In 2018, the majority of Inter Pipeline’s growth capital program is expected to be directed towards engineering and construction activities for [Read more]
Point Loma Resources Announces First Half 2018 Work Plan
CALGARY, Alberta, Dec. 20, 2017 (GLOBE NEWSWIRE) -- Point Loma Resources Ltd. (TSX VENTURE:PLX) (the "Corporation" or “Point Loma”) which has captured over 160,000 net acres across the multi-zone Mannville, Nordegg and Banff fairways of west central Alberta is pleased to announce planned activities for the first half of 2018. Highlights Two well drilling program. Nine well workovers identified in existing producing areas. Letter of intent executed with Tidewater at Paddle River to [Read more]
AltaGas Commissions North Pine and Provides Update on WGL Transaction and 2018 Capital Program
CALGARY, ALBERTA--(Marketwired - Dec. 20, 2017) - AltaGas Ltd. (AltaGas) (TSX:ALA) is pleased to announce that on December 1, 2017 commercial operations commenced at its North Pine NGL Separation Facility (North Pine Facility). The $120 million project was completed ahead of schedule and approximately $15 million under budget. "The completion of our North Pine Facility is another major milestone in our northeast B.C. strategy. It will soon be followed by our Ridley Island Propane Export [Read more]
Perpetual Energy Inc. Announces Voluntary Delisting from OTCQX
CALGARY, Dec. 20, 2017 /CNW/ - Perpetual Energy Inc. ("Perpetual") announces that the common shares of the Company will be voluntarily delisted from the OTCQX effective the close of market December 29th, 2017. The common shares of the Company will continue to trade on the Toronto Stock Exchange under the symbol "PMT". Perpetual has voluntarily delisted from OTCQX to increase trading volume of its common shares on the TSX. About Perpetual Perpetual is an oil and natural gas exploration, [Read more]