Calgary, Alberta--(Newsfile Corp. - April 18, 2024) - COELACANTH ENERGY INC. (TSXV: CEI) ("Coelacanth" or the "Company") is pleased to announce its financial and operating results for the three months and year ended December 31, 2023. All dollar figures are Canadian dollars unless otherwise noted. 2023 HIGHLIGHTS Drilled five wells on its 5-19 pad at Two Rivers East. Four wells (three Lower Montney and one Basal Montney) were completed in Q4 2023. Combined test production from the three [Read more]
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Coelacanth announces 2023 year-end reserves
Calgary, Alberta--(Newsfile Corp. - April 18, 2024) - COELACANTH ENERGY INC. (TSXV: CEI) ("Coelacanth" or the "Company") is pleased to announce its 2023 year-end reserves as independently evaluated by GLJ Ltd. ("GLJ") effective December 31, 2023 (the "GLJ Report"), in accordance with National Instrument 51-101 ("NI 51-101") and the Canadian Oil and Gas Evaluation ("COGE") Handbook. All dollar figures are Canadian dollars unless otherwise noted. Introduction During 2023, Coelacanth [Read more]
Brazil’s plans to drill for oil in the Amazon hit stiff Indigenous resistance
State-run energy firm Petrobras has hit growing resistance from Indigenous groups and government agencies to its premier exploration project, which would open the most promising part of Brazil's northern coast to oil drilling. Environmental agency Ibama denied Petrobras a license for exploratory drilling offshore in the Foz do Amazonas area last year, citing possible impacts on Indigenous groups and the sensitive coastal biome. But a Petrobras appeal for Ibama to reverse its decision has [Read more]
Oil stabilizes after sharp drop on demand concerns, easing of Middle East tension
Oil prices were little changed after a 3% drop in the previous session as the market remains concerned about demand this year and on signs that a wider conflict in the key Middle East producing region could be avoided. Brent futures were up 29 cents, or 0.3%, at $87.58 a barrel, while U.S. West Texas Intermediate (WTI) crude futures traded 20 cents higher, or 0.2%, at $82.89 a barrel at 0413 GMT. The two benchmarks slid 3% in the previous session on signs that fuel demand this year is [Read more]
Tuktu Resources Ltd. announces a brokered private placement of $2.0 million of units and farm-in agreement
Calgary, Alberta--(Newsfile Corp. - April 17, 2024) - Tuktu Resources Ltd. (TSXV: TUK) ("Tuktu" or the "Company") announces a brokered private placement of up to 40,000,000 units of the Company (the "Units") at a price of $0.05 per Unit (the "Issue Price") for gross proceeds of up to $2,000,000 (the "Offering"). The Offering is being conducted by Canaccord Genuity Corp as the sole agent and sole bookrunner (the "Agent"). Each Unit shall be comprised of one common share in the capital of the [Read more]
TC Energy does not expect service interruptions following pipeline rupture
TC Energy said on Wednesday it does not anticipate any service interruptions from the rupture of its NGTL gas pipeline in Alberta, Canada, which caused a wildfire on Tuesday. The company said it was working with regulatory agencies to investigate the incident and that once the site was confirmed to be safe, survey crews and an environmental inspector would make assessments to inform repair and restoration planning. "Alberta Wildfire confirmed that the secondary fire is under control and [Read more]
Parkland announces date of 2024 first quarter results
CALGARY, AB, April 17, 2024 /PRNewswire/ - Parkland Corporation ("Parkland", "we", the "Company", or "our") (TSX: PKI) expects to announce its 2024 first quarter results after markets close on Wednesday, May 1, 2024. A conference call and webcast will then be held at 6:30 a.m. MT (8:30 a.m. ET) on Thursday, May 2, 2024, to discuss the results. To listen to the live webcast and watch the presentation, please use the following link: https://app.webinar.net/xr4dJn89YLk Analysts and investors [Read more]
US crude stockpiles rise, products draw down more than forecast – EIA
U.S. crude oil stockpiles rose and gasoline and distillate inventories fell more than forecast last week, the Energy Information Administration said on Wednesday. Crude inventories rose by 2.7 million barrels to 460 million barrels in the week ending April 12, the EIA said, nearly double analysts' expectations in a Reuters poll for a 1.4 million-barrel build. U.S. crude and gasoline futures held steady after EIA data, while heating oil futures gained. Crude stocks at the Cushing, [Read more]
Northeast BC: Powering Up On Lithium
Geoscience BC and Canadian Discovery Ltd. (CDL) published the NEBC Lithium – Formation Water Database on February 29, 2024. Lithium is on Canada’s Critical Minerals List and will play a significant role in our country’s move to a net-zero emissions economy as it is a key component of rechargeable vehicle batteries. The study’s primary goal was to better understand the distribution of lithium in the subsurface in northeastern BC (NEBC) by sampling, analyzing and interpreting saline water [Read more]
Activist investor Engine Capital backs call for Parkland review, including sale
Activist investor Engine Capital on Wednesday backed largest shareholder Simpson Oil's call to put Canadian fuel distributor Parkland Corp on the block as part of a strategic review, saying a sale would result in more value. Simpson Oil, which holds a 19.7% stake in Parkland, had called for a strategic review earlier this month. The call was rejected by Parkland saying it did not deem a strategic review necessary and in the best interests of the majority of its shareholders." Engine [Read more]
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