Canadian Oil Stocks

Oil Stocks and Oil Companies in Canada


PyroGenesis Signs Additional Military Contracts of Approx. US$1.2MM; Contracts Signed Since June 30, 2016 Now Exceed CAN$13MM

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MONTREAL, QUEBEC–(Marketwired – Jan. 10, 2017) – PyroGenesis Canada Inc. (http://pyrogenesis.com) (TSX VENTURE:PYR)(OTCQB:PYRNF), a clean-tech company (the “Company” or “PyroGenesis”) that designs, develops, manufactures and commercializes plasma waste-to-energy systems and plasma torch products, announces today that, further to recent press releases, wherein the Company announced the signing of a number of military contracts(1), it has now signed two additional contracts totaling approx. US$1.2MM (CAN$1.6MM). As of June 30, 2016, total military contracts signed now exceed US$3.7MM (CAN$5MM) (together, the “Military Contracts”).

These Military Contracts are all expected to be completed by the end of Q2 2017. The details … Continue Reading

Oryx Petroleum Announces Update on Operations

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Successful completion of the Zey Gawra-1ST well

CALGARY, Jan. 10, 2017 /CNW/ – Oryx Petroleum Corporation Limited (“Oryx Petroleum” or the “Corporation”) today announces an update on its operations.

In December 2016, the Zey Gawra-1 well was side-tracked (referred to in this press release as the “Zey Gawra-1ST well”) and completed in open hole partially penetrating the Cretaceous reservoir in the Zey Gawra field. Production from the naturally flowing well is currently constrained to approximately 1,500 bbl/d of 35.5 degree API oil with a gas-oil ratio of approximately 3,000 scf/stb and less than 0.5% water, with more than … Continue Reading

Savanna Commences Strategic Process, Reiterates Recommendation to Shareholders to Reject the Total Offer, Announces 2017 Capital Budget and Provides Operational Update

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CALGARY, ALBERTA–(Marketwired – Jan. 10, 2017) – Savanna Energy Services Corp. (“Savanna” or the “Company”) (TSX:SVY), announced today that it intends to commence the previously announced strategic alternatives process and open a data room this week for parties potentially interested in a transaction with Savanna. Qualified parties interested in accessing the confidential data room will be required to sign a confidentiality agreement.

“Savanna has continued to receive expressions of interest from potential bidders and the opening of the data room is an important step forward in Savanna’s exploration of the full range of strategic alternatives available to the Company with … Continue Reading

Canada Energy Partners Announces Initiation of Water Disposal

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VANCOUVER, BRITISH COLUMBIA–(Marketwired – Jan. 10, 2017) – Canada Energy Partners Inc. (TSX VENTURE:CE) (the “Company“) is pleased to announce that it has initiated water disposal operations at Peace River pursuant to the prior announcement of November 28, 2016.

Several well integrity tests were required by the regulatory agencies prior to re-activation of water disposal and all tests yielded positive results confirming the mechanical integrity of the wellbore.

Peace River Abandonment

The Company has completed the plugging, abandonment, and reclamation of wells and facilities associated with the CBM Project, except for revegetation of the sites and final regulatory filings.

Cavitation … Continue Reading

Precision Drilling Announces Management Changes

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CALGARY, ALBERTA–(Marketwired – Jan. 10, 2017) – Precision Drilling Corporation (TSX:PD)(NYSE:PDS) (“Precision” or the “Corporation”) announced today that Niels Espeland, President, International has retired from the Corporation effective immediately. Mr. Espeland will continue to advise Precision as a consultant on an ongoing basis.

Mr. Espeland has worked in the international oilfield service industry for over 35 years and with Precision for the past five years. Throughout his career with Precision, Mr. Espeland has led our international group and has been instrumental in our growth in the Middle East and Latin America.

“During his five year tenure with Precision, Niels leveraged … Continue Reading

IsoEnergy to Commence Winter Uranium Drilling Programs at Thorburn Lake and Radio

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VANCOUVER, Jan. 10, 2017 /CNW/ – IsoEnergy Ltd. (“IsoEnergy” or the “Company“) (TSXV:ISO) is pleased to report that all exploration permits are in hand and winter drill campaigns at each of its Thorburn Lake and Radio uranium projects in the eastern Athabasca Basin of Saskatchewan will commence in mid-January.

As reported on January 5, 2017, results of Phase 1 drilling at Thorburn Lake included the intersection of uranium mineralization in drill hole TBN16-19, and elevated radioactivity at the unconformity in several other drill holes.  The highlight of Phase 1 drilling at Radio was the discovery of a large … Continue Reading

Antrim Announces Proposed Date of Delisting

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CALGARY, ALBERTA–(Marketwired – Jan. 9, 2017) –

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE U.S.

Antrim Energy Inc. (“Antrim” or “the Corporation”) (TSX VENTURE:AEN), today announced the Corporation intends to delist the Antrim shares from the TSX Venture Exchange, which delisting is anticipated to occur at the close of business on January 20, 2017.

As previously announced, it is expected that Antrim shareholders will receive the net proceeds of the liquidation (the “Distribution“) to be made following the discharge of the Corporation’s remaining liabilities and receipt of applicable tax clearance certificates.

The amount of the Distribution … Continue Reading

Serinus Energy Announces C$25.2 Million Equity Offering and Filing of Preliminary Short-Form Prospectus

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CALGARY, ALBERTA–(Marketwired – Jan. 9, 2017) –

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

Serinus Energy Inc. (“Serinus”, “SEN” or the “Company”) (TSX:SEN)(WARSAW:SEN) is pleased to announce that it has filed a preliminary short-form prospectus, dated and filed on January 9, 2017, in the provinces of Canada other than Québec (the “Qualifying Provinces”) in connection with a marketed offering (the “Offering”) of common shares in the capital of the Company (the “Offered Shares”) for aggregate gross proceeds of C$25.2 million (the “Total Offering”). The Offering will be led by GMP FirstEnergy (the … Continue Reading

Jura Announces Zarghun South-3 Completion and Test Results

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CALGARY, ALBERTA–(Marketwired – Jan. 9, 2017) – Jura Energy Corporation (“Jura”) (TSX VENTURE:JEC) is pleased to provide the following update that the Zarghun South-3 development well (“ZS-3”), in the Zarghun South Development and Production Lease (“Zarghun South Lease”), has been successfully completed as a gas producing well in the Dunghan Limestone formation of Paleocene age.

ZS-3 was drilled as a deviated well to a total measured depth of 1820 meters.

During the short duration post completion test, the well flowed gas at an average rate of 10.5 MMcf/d at 32/64-inch choke size, having a heating value of approximately 920 Btu/Scf, … Continue Reading

Western Energy Services Corp. Announces 2017 Capital Budget and Provides Operations Update

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CALGARY, ALBERTA–(Marketwired – Jan. 9, 2017) – Western Energy Services Corp. (“Western”) (TSX:WRG) is pleased to announce its planned 2017 capital expenditure budget and provide an update on its operations.

Capital Budget

Western’s 2017 capital expenditure budget is expected to total approximately $13 million, including capital spending carried forward from 2016 of approximately $2 million. The 2017 capital expenditure budget is expected to be comprised of $11 million of maintenance capital and $2 million of expansion capital.

Maintenance capital of $11 million includes $7 million in the contract drilling segment and $4 million in the production services segment.

Expansion capital … Continue Reading

Tanager Energy Announces Appointment of New Interim CFO

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CALGARY, ALBERTA–(Marketwired – Jan. 9, 2017) – Tanager Energy Inc. (“Tanager” or the “Corporation“) (TSX VENTURE:TAN) is pleased to announce that John Asel, CPA has been appointed as the Interim Chief Financial Officer of Tanager.

Mr. Asel is the Chairman and Managing Member of Asel & Associates, PLLC, and has over 24 years’ experience as a Texas Certified Public Accountant. Mr. Asel holds a Bachelor of Accountancy Degree from New Mexico State University. Mr. Asel’s practice areas include acquisitions, sales and mergers planning and support; financial statement audit, review and compliance; business strategy; and business transaction planning support and due … Continue Reading

Total Energy Services Inc. Announces Preliminary 2017 Capital Expenditure Budget

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CALGARY, ALBERTA–(Marketwired – Jan. 9, 2017) – Total Energy Services Inc. (“Total” or the “Company”) (TSX:TOT) announces its preliminary 2017 capital expenditure budget of $22.8 million. Included in this budget is $15.6 million of expansion capital and $7.2 million of equipment maintenance and upgrade capital.

$9.0 million of the expansion capital is being directed to the Company’s Rentals and Transportation Services (“RTS”) segment to significantly expand its access mat business in Canada. Upon completion of this investment, the RTS segment will have a fleet of approximately 17,000 access mats, which is in addition to the RTS segment’s approximate 10,000 pieces … Continue Reading