Canadian Oil Stocks

Oil Stocks and Oil Companies in Canada


RECONAFRICA AND NAMCOR COMPLETE 2ND PHASE OF SEISMIC & PREPARE TO SPUD THE FIRST OF FOUR OIL TARGETS IN THE KAVANGO BASIN

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VANCOUVER, BC, June 22, 2022 /CNW/ – Reconnaissance Energy Africa Ltd. (the “Company” or “ReconAfrica”) (TSXV: RECO) (OTCQX: RECAF) (FSE: 0XD) and its joint venture partner NAMCOR (the state oil company of Namibia) are pleased to announce completion of the second phase of seismic (761 km) and commencement of the first seismically defined, initial four well drilling program with the first well 1819/8-2 (“8-2”) scheduled to spud on or before June 25, 2022.

Seismic Operations

The joint venture partners, ReconAfrica and NAMCOR, have successfully completed the second seismic acquisition program comprising 761 linear kilometres of 2-D seismic … Continue Reading

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

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CALGARY, Alberta, June 21, 2022 (GLOBE NEWSWIRE) — Gran Tierra Energy Inc. (“Gran Tierra” or the “Company”) (NYSE American:GTE) (TSX:GTE) (LSE:GTE) today announced the termination, effective immediately, of its previously announced 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 … Continue Reading

CES ENERGY SOLUTIONS CORP. ANNOUNCES VOTING RESULTS OF THE ELECTION OF DIRECTORS AND DECLARES CASH DIVIDEND

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TORONTO, June 21, 2022 /CNW/ – CES Energy Solutions Corp.  (“CES” or the “Company“) (TSX: CEU) (OTC: CESDF) is pleased to announce the results of the matters to be voted on at the annual general and special meeting of shareholders held on June 21, 2022 (the “Meeting“).  Based on the proxies received and on a ballot conducted at the Meeting, the following individuals, being the eight nominees listed in the management information circular of the Company dated May 12, 2022 (the “Circular“), were elected as directors of the Company until the next annual shareholders’ meeting:

Name of Nominee

Votes … Continue Reading

Africa Energy Announces Annual Meeting Voting Results

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VANCOUVER, BC, June 21, 2022 /CNW/ – Africa Energy Corp. (TSXV: AFE) (Nasdaq First North: AEC) (“Africa Energy” or the “Company”) held its annual general and special meeting of shareholders in Vancouver, British Columbia today, and all resolutions were passed. View PDF Version

The Board of Directors would like to thank Mr. Ian Gibbs upon his resignation for his invaluable contributions to Africa Energy’s Board. The Board is pleased to welcome Mr. Pascal Nicodeme to the Board and to announce that Mr. Nicodeme has been appointed as the Chair of Audit Committee and as a member of the Compensation … Continue Reading

Cenovus announces significant commitment to education and recognition for Indigenous people across Canada

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CALGARY, Alberta, June 21, 2022 (GLOBE NEWSWIRE) — Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) today announced a new and significant commitment to Indspire that will support initiatives across Canada aimed at enhancing education and recognizing the outstanding achievements of Indigenous people. Cenovus will donate $1 million over four years, becoming a partner with Indspire, an Indigenous national charity that invests in the education of First Nations, Inuit, and Métis people.

“We have supported the creation of long-term economic and social value for Indigenous communities, and provided meaningful opportunities since Cenovus was created more than a decade ago,” said … Continue Reading

DESERT MOUNTAIN ENERGY ANNOUNCES 50% INCREASE IN PRIVATE PLACEMENT TO CAD $7.5 MILLION

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TSX.V: DME
U.S. OTC: DMEHF
Frankfurt: QM01

VANCOUVER, BC, June 21, 2022 /CNW/ – DESERT MOUNTAIN ENERGY CORP. (the “Company”) (TSXV: DME) (U.S. OTC: DMEHF) (Frankfurt: QM01) is pleased to announce that due to greatly increased demand, it is increasing the size of its non-brokered private placement offering recently announced on June 8, 2022.  The Company now plans to raise up to CAD $7.5 Million, an increase of 50% over the original amount announced. Under the terms of the private placement, the Company will now offer for sale up to 2.5 million Units (the “Units“) at … Continue Reading

High Arctic Declares Monthly Dividend

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CALGARY, Alberta, June 20, 2022 (GLOBE NEWSWIRE) — High Arctic Energy Services Inc. (TSX: HWO) “High Arctic” or the “Corporation” is pleased to announce that its Board of Directors has approved a monthly dividend payment of $0.005 per share to holders of common shares. The dividend is payable on July 14, 2022 to holders of High Arctic common shares of record at the close of business on June 30, 2022. The … Continue Reading

STEP Energy Services Announces Second Quarter Operational and Financial Update, Raises Guidance

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CALGARY, Alberta, June 20, 2022 (GLOBE NEWSWIRE) — STEP Energy Services Ltd. (the “Company” or “STEP”) provides a second quarter operational and financial update.

SECOND QUARTER OPERATIONS UPDATE
STEP is pleased to provide an update on the second quarter operations in the Canadian and U.S. geographic regions.

Throughout the past 12 months, STEP has focused on partnering with clients with active and stable work programs, allowing STEP to drive robust utilization and high efficiencies in our operation. This focus creates an Exceptional Client Experience and generates improved profitability, which is expected to be reflected in the strengthening financial results.

Both … Continue Reading

Frontera Announces $65 Million Substantial Issuer Bid

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CALGARY, AB, June 20, 2022 /CNW/ – Frontera Energy Corporation (TSX: FEC) (“Frontera” or the “Company“) announces that its board of directors (the “Board“) has approved the commencement of a substantial issuer bid (the “Offer“) pursuant to which the Company will offer to purchase from shareholders for cancellation up to $65 million (equivalent to US$50 million) of its outstanding common shares (the “Shares“). The Offer will proceed by way of a “modified Dutch auction” procedure with a tender price range from $11.00 to $13.00 per Share.

The Company plans to fund repurchases of Shares through available cash on … Continue Reading

Boralex announces the appointment of Nicolas Mabboux as Vice President, Information Technology and Digital Transformation

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MONTREAL, June 20, 2022 (GLOBE NEWSWIRE) — Boralex Inc. (“Boralex” or the “Company”) (TSX: BLX) is pleased to announce the appointment of Nicolas Mabboux as Vice President, Information Technology and Digital Transformation, effective today.

With the creation of this new position, Nicolas joins Boralex’s Executive Committee to prioritize the company’s use of technology to grow and evolve with the changing industry.

“Nicolas’s expertise, extensive knowledge of best practices and versatility are key assets for Boralex in the deployment of our Strategic Plan,” said Patrick Decostre, President and Chief Executive Officer of Boralex. “I am convinced that the appointment of … Continue Reading

Jasper Mining Announces Recapitalization Transaction Including New Management Team, Corporate Strategy, Financing and Changing of Name to Tuktu Resources Ltd.

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CALGARY, AB, June 20, 2022 /CNW/ – Jasper Mining Corporation (“Jasper” or the “Corporation”) (NEX: JSP.H) is pleased to announce that it has entered into a definitive reorganization and investment agreement (the “Recapitalization Agreement”) with Tim de Freitas, Kent Busby, Greg Feltham and Mark Smith which provides for: (i) a non-brokered private placement of units of Jasper (the “Units”) for minimum gross proceeds of $2.0 million (the “Non-Brokered … Continue Reading

CATHEDRAL ENERGY SERVICES ACQUIRES LEXA DRILLING TECHNOLOGIES; ADDS TECHNOLOGY LEADERSHIP WITH AXEL SCHMIDT AND ADDS CHAD ROBINSON IN KEY STRATEGY ROLE

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CALGARY, AB, June 20, 2022 /CNW/ – Cathedral Energy Services Ltd. (TSX: CET) (“Cathedral” or the “Company”) today announced the acquisition of 90.98% of LEXA Drilling Technologies Inc. (“LEXA”), a Calgary-based, downhole technology company for equity consideration in Cathedral, (the “Transaction”). As part of the Transaction, Mr. Axel Schmidt will join Cathedral as Senior Vice President, Engineering and Technology while Mr. Chad Robinson will join as Vice President, Corporate Development. LEXA also brings an experienced engineering and development team.

“The principals of LEXA have deep experience in building sizable directional drilling companies as well as highly-innovative and reliable … Continue Reading