CALGARY, ALBERTA--(Marketwired - May 25, 2017) - Relentless Resources Ltd. ("Relentless" or the "Company") (TSX VENTURE:RRL) announces that it has issued and filed on SEDAR its March 31, 2017 unaudited condensed interim financial statements and related management's discussion and analysis ("MD&A"). Additional information about Relentless is available on SEDAR at www.sedar.com or on the Company's website at www.relentless-resources.com. Corporate update Relentless averaged 272 boed (58% oil [Read more]
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Trilogy Energy Corp. Announces Agreement to Sell Certain Duvernay Assets in the Kaybob Area for $60 Million and Provides an Update on Its Previously Announced Grande Prairie Area Disposition
CALGARY, ALBERTA--(Marketwired - May 25, 2017) - Trilogy Energy Corp. ("Trilogy" or the "Company") (TSX:TET) is pleased to announce that it has entered into an agreement to sell certain Duvernay assets in the Kaybob area of Alberta and provide an update on its previously announced asset sale in the Grande Prairie area of Alberta. Kaybob Duvernay Asset Sale Trilogy has entered into a definitive agreement to sell approximately 9.75 net sections of Duvernay mineral rights in its Kaybob [Read more]
Acquisition of Point Loma Resources Ltd. Common Shares by Kevin R. Baker Q.C.
CALGARY, ALBERTA--(Marketwired - May 25, 2017) - Pursuant to the early warning requirements of applicable Canadian securities laws, Mr. Kevin R. Baker Q.C. reports that, on May 25, 2017, he acquired 2,341,805 common shares ("Common Shares") in the capital of Point Loma Resources Ltd. ("Point Loma") for $550,000.00 under an arm's length private transaction (the "Transaction"). Prior to the Transaction, Mr. Baker beneficially owned or controlled, directly or indirectly, 3,710,206 Common Shares, [Read more]
Alberta Energy Regulator to reconsider Suncor tailings plan it rejected
CALGARY - Alberta's energy watchdog has agreed to reconsider a plan by Suncor Energy to clean up its tailings ponds so as to take into account new technology the oilsands giant plans to use. The Alberta Energy Regulator in March denied the Calgary-based company's plan for its Millennium mine. But the regulator said in a letter to a Suncor vice-president this week that it has reviewed the company's request for reconsideration and decided that it would be appropriate in this case. [Read more]
Federal government releases details of delayed methane reduction plan
CALGARY - Tougher methane emission regulations unveiled Thursday are expected to create oil and gas services jobs, but have raised concern that the costs of implementation could further weaken an industry hit hard by two years of commodity price uncertainty. The new restrictions to be phased in between 2020 and 2023 will require energy companies to regularly check equipment for leaks, make repairs, use cleaner technologies, monitor emission levels and report results to Ottawa. [Read more]
Razor Energy Corp. Announces Closing of Previously Announced Strategic Light Oil Asset Acquisition and Updated 2017 Corporate Budget and Guidance
CALGARY, ALBERTA--(Marketwired - May 25, 2017) - Razor Energy Corp. ("Razor" or the "Company") (TSX VENTURE:RZE) (www.razor-energy.com) is pleased to announce the closing of the previously announced strategic acquisition of light oil assets located in west central Alberta (the "Assets") for cash consideration of $9.6 million, subject to customary adjustments (the "Acquisition"). The Assets, situated within Razor's core area, are characterized by low decline, light oil focused production, which [Read more]
Delphi Energy Corp. Announces Financing With Strategic Partner to Further Accelerate Growth at its Bigstone Montney Asset
CALGARY, Alberta, May 24, 2017 (GLOBE NEWSWIRE) -- Delphi Energy Corp. (“Delphi” or the “Company”) is pleased to announce that it has entered into agreements with investors for a $65 million financing transaction (the “Financing Transaction”), comprised of a $35 million equity offering (the "Equity Offering") and a $30 million principal amount of 10% senior secured Collateralized Exchange ListedTM (“CELTM”) Notes (the “Notes Offering”). A syndicate of agents, led by Raymond James Ltd. and [Read more]
Rex Murphy: Liberal recommendation to change the National Energy Board is political dynamite
The Liberal government's recommendation to shutter the National Energy Board and replace it with two new agencies is political dynamite according to Rex Murphy. [Read more]
Point Loma Resources Announces Investment Agreement with Evenergy Company Limited for proceeds of $4,020,000
CALGARY, AB--(Marketwired - May 24, 2017) - Point Loma Resources Ltd. (TSX VENTURE: PLX) (the "Corporation" or "Point Loma") is pleased to announce an investment agreement with Evenergy Company Limited ("Evenergy") for Evenergy to acquire 8,375,000 common shares of Point Loma for $4,020,000 representing a purchase price of $0.48 per share (the "Investment"). Highlights The Investment is expected to close in two tranches subject to certain regulatory approvals; The first tranche is [Read more]
Manitok Energy Inc. Announces Amended Terms for the Lease Issuance and Drilling Commitment Agreement
CALGARY, ALBERTA--(Marketwired - May 24, 2017) - Manitok Energy Inc. (the "Corporation" or "Manitok") (TSX VENTURE:MEI) is pleased to announce amended terms of its Lease Issuance and Drilling Commitment Agreement (the "Agreement") with an Alberta based royalty company (the "Company"). Summary of the key terms of the revised Agreement are as follows: In the amended Agreement, Manitok has agreed to: the early surrender of approximately 148,000 acres of undeveloped leased lands located [Read more]