Headlines Archives - Canadian Oil Stocks

E3 Metals Adjusts Terms of Financing

December 2, 2020 via NewsWire Tagged With: TSX VENTURE:ETMC

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

CALGARY, AB, Dec. 2, 2020 /CNW/ – E3 METALS CORP. (TSXV: ETMC) (FSE: OU7A) (OTC: EEMMF) (the “Company” or “E3 Metals”), an emerging lithium developer and leading lithium extraction technology innovator, today announced that in agreement with Canaccord Genuity Corp, coordinated with Mackie Research Capital Corp (“MRCC”) and our valued presidents list subscribers, has agreed to amend the terms of the financing announced on November 19, 2020. The new terms of the placement of the unit offering (the “Units”) has been adjusted … Continue Reading

Calfrac Obtains U.S. Recognition and Enforcement of Final CBCA Order

December 2, 2020 via NewsWire Tagged With: TSX:CFW

CALGARY, AB, Dec. 2, 2020 /CNW/ – Calfrac Well Services Ltd. (“Calfrac” or the “Company“) (TSX: CFW) is announcing that yesterday it prevailed in its request for entry of an order under Chapter 15 of the United States Bankruptcy Code (“Chapter 15“) recognizing and granting enforcement of the final order of the Court of Queen’s Bench of Alberta approving the Company’s Plan of Arrangement under the Canada Business Corporations Act (the “Final Order“), despite Wilks Brothers LLC’s objection to the entry of the Chapter 15 order.

On July 13, 2020, Calfrac and certain related entities applied for recognition … Continue Reading

TransAlta Completes Investment in Skookumchuck Wind Project

December 1, 2020 via NewsWire Tagged With: TSX:TA

CALGARY, AB, Dec. 1, 2020 /CNW/ – TransAlta Corporation (“TransAlta” or “the Company”) (TSX: TA) (NYSE: TAC) announced today that it has closed its 49 per cent equity investment in the Skookumchuck Wind Project (“Skookumchuck”) with Southern Power Company, a subsidiary of Southern Company. Skookumchuck is a 136.8 MW wind project located in Lewis and Thurston Counties, Washington consisting of 38 Vestas V136 wind turbines.

Skookumchuck began commercial operation on November 7, 2020 and has a 20-year power purchase agreement (“PPA”) with Puget Sound Energy, Inc.

“Our investment in Skookumchuck furthers our ambitious objectives as outlined in our Clean Energy … Continue Reading

Renaissance Announces Interest Payment

December 1, 2020 via NewsWire Tagged With: TSX VENTURE:ROE

VANCOUVER, BC, Dec. 1, 2020 /CNW/ – Renaissance Oil Corp. (“Renaissance” or the “Company”) (TSXV: ROE) (OTCQB: RNSFF) announces that, pursuant to the convertible debentures issued on March 6, 2019 (the “Convertible Debentures”), the Company has elected to issue common shares of the Company (the “Shares”) in satisfaction of the aggregate accrued interest owing on such Convertible Debentures. Under the terms of the Convertible Debentures, interest has accrued at a rate of 10% per annum resulting in a total amount owing of $124,657.53 as at November 30, 2020. The Company will satisfy the aggregate accrued interest owing by … Continue Reading

TC Energy redirects holiday party funds to support non-profits this holiday season

December 1, 2020 via Globenewswire Tagged With: CA87807B1076, TSX:TRP

CALGARY, Alberta, Dec. 01, 2020 (GLOBE NEWSWIRE) — Media Advisory â TC Energy Corporation (TSX, NYSE: TRP) (TC Energy) announced that, throughout 2020, it has proudly donated more than C$5.2 million to non-profit organizations impacted by the COVID-19 pandemic across North America, including more than C$1 million to support non-profit organizations this holiday season.

Through its giving initiatives, TC Energy aims to help non-profit organizations thrive and instill a sense of unity among its workforce and communities.

âEarly in the pandemic, we recognized the immense challenges that were ahead in the communities where we live and work,â said Russ Girling, … Continue Reading

Africa Oil Announces Share Capital Update

December 1, 2020 via NewsWire Tagged With: TSX:AOI

VANCOUVER, BC, Dec. 1, 2020 /CNW/ – (TSX: AOI) (Nasdaq-Stockholm: AOI) â Africa Oil Corp. (“Africa Oil”, “AOC” or the “Company”) reports the following share capital and voting rights update in accordance with the Swedish Financial Instruments Trading Act. View PDF version

As a result of the issuance of 10,666 common shares in connection with the settlement of restricted share units under the Company’s long-term incentive plan during the month, the number of issued and outstanding shares of the Company has increased to 471,960,472 common shares with voting rights as at November 30, 2020.

About Africa Oil

Africa Oil … Continue Reading

Perpetual Energy Inc. Announces Extension of Credit Facility Redetermination

December 1, 2020 via NewsWire Tagged With: TSX:PMT

CALGARY, AB, Dec. 1, 2020 /CNW/ – (TSX: PMT) â Perpetual Energy Inc. (“Perpetual” or the “Company”) announced today that the revolving credit period applicable to the Company’s credit facility has been extended to December 23, 2020 and the $20 million borrowing limit maintained. The borrowing limit is scheduled to be redetermined and the revolving credit period extended on or before December 23, 2020. The extension of the revolving credit period provides additional time to finalize negotiations with its lenders and for the Company to explore opportunities to enhance its liquidity. If the revolving credit period is not … Continue Reading

Newport Receives AUD$2,692,836 (gross)/AUD$1,884,985(net) Quarterly Royalty Payment

December 1, 2020 via NewsWire Tagged With: TSX VENTURE:NWX

Trading Symbol: (TSX-V: NWX)

VANCOUVER, BC, Dec. 1, 2020 /CNW/ – Newport Exploration Ltd (“Newport” or “the Company”) is pleased to report its after tax 2.5% Gross Overriding Royalty (“GOR”) payment from Beach Energy Ltd. (“Beach”) for the August to October 2020 quarter.

Gross royalty income for the quarter was AUD$2,692,836. The AUD$1,884,985 payment received by Newport is net of 30% Australian withholding taxes (AUD$807,851).

Newport has approximately CDN$8.6 million in its Treasury, comprised of cash, cash equivalents, and short-term investments, with no debt. As announced on November 12th, 2020, Newport’s fourth quarterly dividend payment date is December … Continue Reading

Pan Orient Energy Corp. Thailand Operations and Corporate Update

December 1, 2020 via NewsWire Tagged With: TSX VENTURE:POE

CALGARY, AB, Dec. 1, 2020 /CNW/ – Pan Orient Energy Corp. (“Pan Orient” or the “Company”) (TSXV: POE) reports an update on Thailand operations.

Thailand Concession L53 (in which Pan Orient has 50.01% equity ownership)

L53-DD9 Appraisal well

As announced on November 12, 2020, the L53-DD9 appraisal well encountered approximately 29 meters of combined net oil pay in the four main producing sands (AA, BB, CC and DD). Of particular note, the CC sand was encountered 5 meters structurally higher than any previous well, with an estimated 18.4 meters of net oil pay.

The L53-DD9 well was put … Continue Reading

Denison Announces Decision to Adopt Freeze Wall Design for ISR Mining at Phoenix

December 1, 2020 via NewsWire Tagged With: TSX:DML

TORONTO, ON, Dec. 1, 2020 /CNW/ – Denison Mines Corp. (“Denison” or the “Company”) (TSX: DML) (NYSE American: DNN) is pleased to announce the completion of a trade-off study assessing the merit of adopting a freeze wall design as part of the in-situ recovery (“ISR”) mining approach planned for the high-grade Phoenix uranium deposit (“Phoenix”), at the Company’s 90% owned Wheeler River Uranium Project (“Wheeler River” or the “Project”). Based on the results of the trade-off study, discussed below, a freeze wall design has the potential to offer significant environmental, operational, and financial advantages compared to the freeze cap … Continue Reading

E3 Metals Provides Update on DLE Technology Development

December 1, 2020 via NewsWire Tagged With: TSX VENTURE:ETMC

CALGARY, AB, Dec. 1, 2020 /CNW/ – E3 METALS CORP. (TSXV: ETMC) (FSE: OU7A) (OTC: EEMMF) (the “Company” or “E3 Metals”), an emerging lithium developer and leading lithium extraction technology innovator, today announced an update on the development of its Direct Lithium Extraction (“DLE”) technology.

The E3 Metals’ technical experts, who have been working directly with the Livent technical team, continue to work towards completing the process design work of our wholly owned and proprietary DLE technology. The team is in the advanced stages of material synthesis and continuing the flow system design and testing work already underway. A … Continue Reading

Tamarack Valley Energy Ltd. Announces Completion of Credit Facility Redetermination

December 1, 2020 via NewsWire Tagged With: TSX:TVE

TSX: TVE

CALGARY, AB, Nov. 30, 2020 /CNW/ – Tamarack Valley Energy Ltd. (“Tamarack” or the “Company”) is pleased to announce that our bank syndicated credit facility has been redetermined and remains at $275 million. As at November 30th, 2020, the Company has drawn approximately $189 million and has ample liquidity for the remainder of 2020 and 2021. Tamarack has forecasted free adjusted funds flow1 for both 2020 and 2021 with forecasted year-end net debt to trailing adjusted funds flow ratio1 of less than 1.5x in both years.

About Tamarack Valley Energy Ltd.

Tamarack is an oil … Continue Reading