CALGARY, ALBERTA--(Marketwired - April 26, 2017) - Questfire Energy Corp. (the "Corporation" or "Questfire") (TSX VENTURE:Q.A) is pleased to announce that it has filed on SEDAR its audited financial statements, related management's discussion and analysis ("MD&A") and Annual Information Form (AIF) for the year ended December 31, 2016. Included in the AIF are the Corporation's reserves data and other oil and gas information as of December 31, 2016 as prepared by GLJ Petroleum Consultants Ltd. [Read more]
Headlines
Suncor Energy announces increased return to shareholders and early repayment of US $1.25 billion bond
CALGARY, ALBERTA--(Marketwired - April 26, 2017) - Suncor today announced plans to repurchase up to $2 billion of the company's shares over the next twelve months through a normal course issuer bid ("NCIB"), together with the early repayment of a US $1.25 billion bond. "Our business continues to deliver strong cash flow even at current commodity prices," said Steve Williams, Suncor president and chief executive officer. "We have made commitments to increase returns to shareholders and [Read more]
Traverse Energy Ltd. Announces Private Placement Financing
CALGARY, ALBERTA--(Marketwired - April 26, 2017) - Traverse Energy Ltd. (the "Corporation") (TSX VENTURE:TVL) intends to complete a non-brokered private placement (the "Private Placement") of up to of 5 million common shares ("Common Shares") and 2,375,000 warrants ("Warrants") of the Corporation for total gross proceeds of $2 million. The Private Placement will consist of: up to 1.75 million units, each of which will be comprised of one common share issued on a "flow-through" basis [Read more]
Shoal Point to submit Summary Planning Document to regulators
VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 26, 2017) - Mark Jarvis, CEO of Shoal Point Energy Ltd. (CSE:SHP)(CSE:SHP.CN), announced today that the Company is planning to submit a Summary Planning Document to the applicable regulators in Newfoundland and Labrador. "The plan will not involve hydraulic fracturing," said Mr. Jarvis. "Our recently completed analysis of the entire data set indicates that the Humber Arm Allochthon may have enough streaks of natural fracturing and porosity to [Read more]
Low oil and gas prices crater number of Alberta well licencees
The economic downturn from the commodity price crash in 2014 has had a major impact on organizations relying upon the revenues tied to commodity prices like oil and gas. It's no surprise that with low oil and natural gas prices, the number of licensees in Alberta has decreased. Simply put, the investment is shifting away due to lower returns. The total number of licensees over the past 16 months can be shown in the plot below: The plot above indicates that there are more licensees [Read more]
Leucrotta Exploration Inc. Announces Completion of Its $80 Million Bought Deal Financing
CALGARY, ALBERTA--(Marketwired - April 26, 2017) - Leucrotta Exploration Inc. ("Leucrotta" or the "Company") (TSX VENTURE:LXE) is pleased to announce that it has closed its previously announced Bought-Deal Financing (the "Bought Deal Financing") of (i) common shares of the Company ("Common Shares"); and (ii) Common Shares issued on a flow-through basis in respect of Canadian Exploration Expenses ("CEE") under the Income Tax Act (Canada) (the "Flow-Through Shares"), by way of short form [Read more]
Cenovus delivers strong first quarter operational performance
CALGARY, AB--(Marketwired - April 26, 2017) - Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) continued to deliver strong operational performance in the first quarter of 2017, increasing oil sands production by almost one-third while further reducing per-barrel crude oil operating costs compared with the same period in 2016. As a result of its reduced cost structure, significant liquidity and strong financial position, the company was also able to pursue the agreement, announced March 29, 2017, to [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. Apr. 25 Analyst, Payables Attesting Canadian Natural Resources Calgary Apr. 25 Payables Accountant Canadian Natural Resources Calgary Apr. 25 Business Analyst, LEMs Canadian Natural Resources Fort [Read more]
Disposition of Common Shares in the Capital of Point Loma Resources Ltd. by Madalena Energy Inc.
CALGARY, ALBERTA--(Marketwired - April 25, 2017) - Pursuant to the early warning requirements of applicable Canadian securities laws and in connection with Madalena Energy Inc.'s ("Madalena") ownership of common shares ("Common Shares") in the capital of Point Loma Resources Ltd. (the "Company"), Madalena reports that, on April 24, 2017, it sold 2,341,806 Common Shares for total gross proceeds of approximately $550,000 (the "Transaction"). Prior to the Transaction, Madalena beneficially owned [Read more]
Pengrowth Enters Into Agreement to Sell Remaining Swan Hills Assets for $185 Million
CALGARY, ALBERTA--(Marketwired - April 25, 2017) - Pengrowth Energy Corporation (TSX:PGF)(NYSE:PGH) (the "Company" or "Pengrowth") today announced that it has entered into an agreement for the sale of the remaining portion of its Swan Hills assets in North Central Alberta for total cash consideration of $185 million, subject to customary closing conditions and adjustments. The divested assets generated average daily production of approximately 5,150 barrels of oil equivalent per day (boe per [Read more]