Canadian Oil Stocks

Oil Stocks and Oil Companies in Canada


Foraco International wins a major 60 MU$ Deep Directional Drilling Contract with BHP Olympic Dam in South Australia

via Tagged With:

TORONTO, May 25, 2022 /CNW/ – Foraco International SA (TSX:FAR) (the “Company” or “Foraco”), a leading global provider of mineral and water drilling services, today announced it has been awarded a major contract with BHP Olympic Dam.

This contract is for exploration and evaluation drilling services near Olympic Dam mine complex, involving diamond drilling and is signed for 3 years firm plus 2 optional years extension. It will involve a total of 5 rigs, most of them being remotely operated, and has a total face value of 80 million AUD, or U$ 60 million, excluding options. If the 2 … Continue Reading

AVANTI ENERGY SELECTS JOURNEY ENGINEERING TO PROCEED WITH WNG 11-22 HELIUM PROCESSING FACILITY

via Tagged With:

CALGARY, AB, May 25, 2022 /CNW/ – Avanti Energy Inc. (TSXV: AVN) (OTC: ARGYF) (“Avanti” or the “Company”) is pleased to announce that it has selected Journey Engineering to provide engineering services for pre-FEED (front end engineering and design) study for a helium processing facility associated with the Company’s Montana discovery well WNG 11-22.

Journey Engineering, a well-established engineering and procurement firm based in Calgary, has successfully installed large helium facilities in both Canada and the U.S. with a great track record of delivering single well helium processing facilities. Avanti and Journey have kicked off phase one pre-FEED … Continue Reading

ENCORE ENERGY ISSUES EARLY WARNING REPORT; ACQUIRES SHARES OF FUTURE FUEL CORPORATION

via Tagged With:

TSX.V: EU
OTCQB: ENCUF
www.encoreuranium.com

CORPUS CHRISTI, Texas, May 25, 2022 /CNW/ – enCore Energy Corp. (“enCore” or the “Company“) (TSXV: EU) (OTCQB: ENCUF) announced today the Company has acquired 11,308,250 common shares (the “Shares“) of Future Fuel Corporation (formerly Evolving Gold Corp.) (“Future Fuel“) on May 24, 2022. The Shares were issued to enCore in connection with a definitive share purchase agreement (the “Agreement“), related to a property transaction whereby Future Fuel acquired the Company’s interest in the Ceboletta project located in New Mexico.

As a former shareholder of ECC, the Company acquired the Shares in … Continue Reading

TENAZ ENERGY CORP. ANNOUNCES AGREEMENT TO ACQUIRE THE SHARES OF SDX ENERGY PLC IN AN ALL-SHARE TRANSACTION

via Tagged With: ,

/NOT FOR DISSEMINATION IN THE UNITED STATES. FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAW/

CALGARY, AB, May 25, 2022 /CNW/ – Tenaz Energy Corp. (“Tenaz“, “we“, “our“, “us” or the “Company“) (TNZ: TSX) is pleased to announce it has reached an agreement to acquire all of the issued and to be issued share capital of SDX Energy PLC (“SDX“) in an all-share transaction (the “Transaction“). In the Transaction, SDX shareholders will receive 0.075 common shares of Tenaz (“Tenaz Shares“) for each SDX share (“SDX Share“) held, valuing SDX at $34… Continue Reading

Gran Tierra Energy Inc. Announces Exchange Offers of Certain Existing Notes for New Notes and the Solicitations of Consents to Proposed Amendments to the Existing Indentures

via Tagged With:

CALGARY, Alberta, May 24, 2022 (GLOBE NEWSWIRE) — Gran Tierra Energy Inc. (“Gran Tierra” or the “Company”) (NYSE American:GTE)(TSX:GTE)(LSE:GTE) today announced the commencement of offers to Eligible Holders (as defined herein) to exchange (such offers, the “Exchange Offers”) (i) any and all of the outstanding 6.25% Senior Notes due 2025 issued by Gran Tierra Energy International Holdings Ltd. (“GTEIH”) on February 15, 2018 (CUSIP: 38502HAA3 / G4066TAA0; ISIN: US38502HAA32 / USG4066TAA00) (the “2025 Notes”), and (ii) any and all of the outstanding 7.750% Senior Notes due 2027 issued by the Company on May 23, 2019 (CUSIP: 38502JAA9 / U37016AA7; ISIN: … Continue Reading

PETROSHALE COMPLETES NAME CHANGE TO LUCERO ENERGY CORP. AND ANNOUNCES UPDATE TO TRADING INFORMATION

via Tagged With:

CALGARY, AB, May 24, 2022 /CNW/ – Lucero Energy Corp. (“Lucero” or the “Company“) (formerly PetroShale Inc.) (TSXV: PSH) (OTCQB: PSHIF) is pleased to announce that it has completed the corporate name change from PetroShale Inc. to Lucero Energy Corp. In connection with the name change, the common shares of the Company will commence trading on the TSX Venture Exchange under the new name and the new stock trading symbol of “LOU” effective at the opening of trading on May 26, 2022. The Company’s new CUSIP number is 54947L106 and its new ISIN number is CA54947L1067. Shareholders are … Continue Reading

NG ENERGY ANNOUNCES FURTHER CLOSING OF FULLY MARKETED PROSPECTUS OFFERING FOR AGGREGATE GROSS PROCEEDS OF $100,000 AND EARLY WARNING REPORT FILED BY MR. SERAFINO IACONO

via Tagged With:

VANCOUVER, BC, May 24, 2022 /CNW/ – Further to the debenture unit closing previously announced on May 20, 2022, NG Energy International Corp. (the “Company” or “NGE“) (TSXV: GASX) (OTC: GASXF) has today closed on an additional 100 convertible debenture units (the “Debenture Units“) at a price of $1,000 per Debenture Unit (the “Offering Price“) for total aggregate gross proceeds of $100,000, pursuant to the Company’s amended and restated final short-form prospectus dated May 11, 2022.  

Each Debenture Unit consists of: (i) one 8% convertible unsecured debenture in the principal amount of $1,000 maturing on May … Continue Reading

NG ENERGY ANNOUNCES FURTHER CLOSING OF FULLY MARKETED PROSPECTUS OFFERING FOR AGGREGATE GROSS PROCEEDS OF $100,000 AND EARLY WARNING REPORT FILED BY MR. SERAFINO IACONO

via Tagged With:

VANCOUVER, BC, May 24, 2022 /CNW/ – Further to the debenture unit closing previously announced on May 20, 2022, NG Energy International Corp. (the “Company” or “NGE“) (TSXV: GASX) (OTC: GASXF) has today closed on an additional 100 convertible debenture units (the “Debenture Units“) at a price of $1,000 per Debenture Unit (the “Offering Price“) for total aggregate gross proceeds of $100,000, pursuant to the Company’s amended and restated final short-form prospectus dated May 11, 2022.  

Each Debenture Unit consists of: (i) one 8% convertible unsecured debenture in the principal amount of $1,000 maturing on May … Continue Reading

Cenovus to redeem 3.55% notes due March 12, 2025

via Tagged With:

CALGARY, Alberta, May 24, 2022 (GLOBE NEWSWIRE) — Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) announced today that on June 28, 2022 (the “Redemption Date”) it will redeem the entire outstanding principal amount of its 3.55% notes due March 12, 2025 (the “Notes”). On the Redemption Date, registered holders of the Notes will receive a redemption price calculated in accordance with the applicable indenture governing the Notes and the terms of the Notes, as described in the prospectus supplement of Husky Energy Inc. dated March 9, 2015 relating to the original issuance of the Notes. The redemption price will include … Continue Reading

Prairie Provident Announces Director Retirements and Planned Board Refreshment

via Tagged With:

CALGARY, Alberta, May 24, 2022 (GLOBE NEWSWIRE) — Prairie Provident Resources Inc. (“Prairie Provident”, “PPR” or the “Company”) announces that Mr. Derek Petrie and Mr. Rob Wonnacott have decided to retire from the Board of Directors (the “Board”) and will not be standing for re-election at this week’s annual shareholders’ meeting to be held at 10:00 a.m. (Calgary time) on May 26, 2022. Mr. Petrie and Mr. Wonnacott have served on the Board since 2016 and 2011 respectively.

“We are grateful for the contributions Derek and Rob have made during their tenures at Prairie Provident guiding the Company through some … Continue Reading

TransAlta Announces TSX Acceptance of Normal Course Issuer Bid

via Tagged With:

CALGARY, AB, May 24, 2022 /CNW/ – TransAlta Corporation (“TransAlta” or the “Company”) (TSX: TA) (NYSE: TAC) announced today that the Toronto Stock Exchange (“TSX”) has accepted the notice filed by the Company to implement a normal course issuer bid (“NCIB”) for a portion of its common shares (“Common Shares”). 

Pursuant to the NCIB, TransAlta may repurchase up to a maximum of 14,000,000 Common Shares, representing approximately 7.16% of its public float of Common Shares, where the aggregate public float as at May 17, 2022, was 195,306,684 Common Shares. Purchases under the NCIB may be made through open … Continue Reading

ReVolve Renewable Power (TSXV: REVV) announces the successful completion of the BLM variance process for the 1GWac Bouse Solar and Storage project

via Tagged With:

VANCOUVER, BC, May 24, 2022 /CNW/ – ReVolve Renewable Power Corp, (“ReVolve“) or the “Company“) (TSXV: REVV) is pleased to announce that the Bureau of Land Management (the “BLM“) has notified the Company that its right of way / variance land application for the 1GWac Bouse Solar and Storage project (the “Bouse Project“), located in La Paz County, Arizona has been approved for further processing.

The Bouse Project is a 1GWac solar and battery storage project, located on approximately 6,155 acres of land wholly managed by the BLM in La Paz County 27 miles east of Quartzsite, Arizona. … Continue Reading