CALGARY, Aug. 24, 2017 /CNW/ - Ironhorse Oil & Gas Inc. ("Ironhorse" or the "Company") (TSX-V: IOG) announces its financial and operating results for the three and six months ended June 30, 2017. Financial and Operation Summary The Company's reported production remained flat at 165 boe/d in the second quarter of 2017 compared to 164 boe/d produced in the first quarter of 2017. The current quarter production was impacted by repair and maintenance work, third party outages downstream of [Read more]
Headlines
Frontier oilsands mine panel ordered to consider impact on world heritage site
CALGARY - The federal-provincial panel conducting an environmental review of the proposed Frontier oilsands mine project in northern Alberta has been ordered to consider its impact on Wood Buffalo National Park as requested by the UN's World Heritage Committee. In a report in March based on a visit to the 45,000-square-kilometre park, a world heritage site since 1983, the UN agency warned of risk from industrial development and said the park could be designated "in danger" if Canada [Read more]
Ikkuma Announces Second Quarter 2017 Financial and Operating Results
CALGARY, Aug. 24, 2017 /CNW/ - Ikkuma Resources Corp. ("Ikkuma" or the "Corporation") (TSXV: IKM) is pleased to report its financial and operating results for the three months ended June 30, 2017. Selected financial and operational information is set out below and should be read in conjunction with Ikkuma's interim condensed financial statements and the related management's discussion and analysis ("MD&A") for the three months ended June 30, 2017. Ikkuma's condensed interim financial [Read more]
Marquee Energy Ltd. Announces Second Quarter 2017 Financial and Operating Results and Appointment of Chief Financial Officer
CALGARY, AB--(Marketwired - August 23, 2017) - Marquee Energy Ltd. ("Marquee" or the "Company") (TSX VENTURE: MQX) announces its second quarter operational and financial results for the three and six months ended June 30, 2017, and the appointment of Mr. Howard Bolinger as Chief Financial Officer ("CFO") and Vice President Finance, effective immediately. The Company's financial statements and Management's Discussion and Analysis ("MD&A") for the three and six months ended June 30, 2017 are [Read more]
Painted Pony Announces Closing of Strategic Financing
CALGARY, Aug. 23, 2017 /CNW/ - Painted Pony Energy Ltd. ("Painted Pony" or the "Corporation") (TSX: PONY) is pleased to announce the successful closing of its CAD$200 million private placement financing with Magnetar Capital, consisting of CAD$150 million of senior unsecured notes (the "Notes") and CAD$50 million of unsecured subordinated convertible debentures (the "Debentures"), as previously announced on August 9, 2017. The Debentures will have an initial conversion price of $5.60 per common [Read more]
Expanded focus for Energy East assessment
Hearing Panel raises profile of technical, safety, security, and emergency preparedness and response considerations CALGARY, Aug. 23, 2017 /CNW/ - The National Energy Board (NEB) has announced the topics that will be part of its assessment of the Energy East and Eastern Mainline Projects. This decision follows a comment period during which about 820 submissions were received. The Hearing Panel noted the public's interest in better understanding the risks associated with potential accidents [Read more]
Tumbling oil prices continue to plague Alberta’s bottom line: fiscal update
EDMONTON - Sluggish oil prices are forcing Alberta to dip into its reserve fund and look for more in-house savings to keep its $10.5-billion deficit from sliding further into the red. In his first-quarter fiscal update, Finance Minister Joe Ceci said the province had expected the West Texas Intermediate benchmark oil price to average out at US$55 a barrel this year. Instead, it's hovering below US$49 a barrel and isn't expected to rise much in the near term. "The forecast [Read more]
Poll suggests Albertans want tighter methane rules for energy industry
EDMONTON - As governments and regulators consider new rules for methane, a poll suggests nearly three-quarters of Albertans want tighter controls on the release of a potent greenhouse gas from oil and gas facilities. The poll, done by EKOS research and funded by Environmental Defence, says 71 per cent of those surveyed want regulations on methane release to be at least as strict as those in the U.S. "We wanted to demonstrate that people in Alberta, in particular, want to see this [Read more]
Energy East Pipeline review topics to be released, may include GHG emissions
CALGARY - In a decision cheered by environmentalists but considered a setback by the oil industry, Canada's national energy regulator says it will allow wider discussion of greenhouse gas emission issues in upcoming hearings for the Energy East Pipeline. The National Energy Board said Wednesday it will for the first time consider the public interest impact of upstream and downstream GHG emissions from potential increased production and consumption of oil resulting from the project. [Read more]
Hemisphere Energy Announces Q2 2017 Financial and Operating Results
TSX-V: HME VANCOUVER, Aug. 23, 2017 /CNW/ - Hemisphere Energy Corporation (TSX-V: HME) ("Hemisphere" or the "Company") announces its financial and operating results for the three and six months ended June 30, 2017. Q2 2017 Highlights Achieved quarterly average production of 600 boe/d (92% oil), a 22% increase over the second quarter of 2016. Increased revenue by 67% to $2.4 million compared to $1.4 million for the second quarter of 2016. Increased operating netbacks, including gains [Read more]