Like Oil and Gas Stocks? View our Oil and Gas Stocks Directory Get News Alerts on Energy Stocks
#Energy Services Stock Alert: Enterprise Group (TSX: $E.TO) @EnterpriseGrp - providing specialized industrial rental solutions and technologies |
#Oil Services #Stocks - Enterprise Group (TSX: $E.TO): Time to Review and Renew, @EnterpriseGrp |
Uranium Producer to Boost Ownership of Project in Saskatchewan |
Mackie Research Updates Exciting New Developments with Two Multi-Bagger Return Top Picks |
Morgan Stanley leads Oil & Gas sector in GlobalData's M&A financial advisers ranking, Q2 2018 |
Oil & Gas MLP Poised for Growth as It Transitions to C Corp. |
Oil & Gas Micro-Cap Continues Development in Oklahoma's STACK Play |
Oil & Gas Firm Acquiring Eagle Ford Acreage Resumes Trading |
Canadian Appeals Court Rejects Permits for Trans Mountain Pipeline Expansion Project |
Oil & Gas Company Boosts Production with Well Completions |
Subscribe to Oil and Gas News RSS
SeaBird Exploration: Norne Securities Vekst & Verdi Aksjeseminar Presentation 2018 21 September 2018, Limassol, Cyprus The attached presentation will be given by SeaBird Exploration at the Norne Securities Vekst & Verdi Aksjeseminar in Vilnius, Lithuania on 21 September 2018. About SeaBird: SeaBird is a global provider of marine acquisition for 2D/3D and 4D seismic data, and associated products and services to the oil and gas industry. SeaBird specializes in high quality operations within the high end of the source vessel and 2D market, as well as in the shallow/deep water 2D/3D and 4D market. Main focus for the company is proprietary seismic surveys (contract seismic). Main success criteria for the company are an unrelenting focus on Quality, Health, Safety and Environment (QHSE), combined with efficient collection of high quality seismic data. All statements in this press release other than statements of historical fact are forward-looking statements and are subject to a number of risks, uncertainties and assumptions that are difficult to predict, and are based upon assumptions as to future events that may not prove accurate. These factors include SeaBird`s reliance on a cyclical industry and the utilization of the company's vessels. Actual results may differ substantially from those expected or projected in the forward-looking statements. This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. For further queries, please contact: Hans Petter Klohs or Nils Haugestad Attachment | |||
Petroteq Energy Announces Closing of Financings SHERMAN OAKS, Calif., Sept. 20, 2018 (GLOBE NEWSWIRE) -- NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN. Petroteq Energy Inc. (the “Company”) (TSXV:PQE; OTC:PQEFF; FSE: PQCF), a fully integrated oil and gas company, announces the closing of the debenture financings previously disclosed on August 17, 2018. The Company issued to an arm’s length lender a US$3,300,000 principal amount (including an original issue discount of 10%) secured convertible debenture, along with warrants exercisable for up to 250,000 common shares of the Company at a price of US$1.10 per share until the date that is 12 months from the date of issuance. The debenture has a term of 12 months and bears interest at a rate of 5% per annum payable at maturity and at the option of the holder the purchase amount of the debenture (excluding the original issue discount of 10%) is convertible into 3,000,000 common shares of the Company at US$1.00 per share in accordance with the terms and conditions set out in the debenture. The Company paid an arm’s length finder 300,000 common shares for the introduction to the lender. The Company also issued to the same arm’s length lender an up to US$9,500,000 draw down unsecured non-convertible debenture which included an initial advance of US$100,000. The debenture is callable at any time by the Company, accrues interest at 10% per annum payable monthly and matures after 12 months. In connection with the issuance of the debenture, the lender was issued 950,000 commitment shares in consideration for its commitment of the line of credit of up to US$9,500,000. The net proceeds will be used by the Company for use on its extraction technology in Asphalt Ridge, Utah, for potential acquisitions of new oil sands resources, and for working capital. All securities issued pursuant to the above noted transactions are subject to a four-month hold period. The Company also announces a proposed financing of debenture units of the Company consisting of up to US$1,500,000 principal amount unsecured debentures convertible into up to 1,485,148 common shares of the Company at US$1.01 per share and warrants exercisable for up to 1,485,148 common shares of the Company at a price of US$1.01 per share until the date that is 12 months from the date of issuance. Each debenture would have a term of 12 months and bear interest at a rate of 10% per annum. The net proceeds would be used by the Company for use on its extraction technology in Asphalt Ridge, Utah, for potential acquisitions of new oil sands resources, and for working capital. Closing of the financing is subject to receipt of subscriptions, as well as approval of the TSX Venture Exchange and the directors of the Company. All securities issued pursuant to the financing would be subject to a four-month hold period. About Petroteq Energy Inc. Petroteq is a fully integrated oil and gas company focused on the development and implementation of a new proprietary technology for oil extraction. The Company has an environmentally safe and sustainable technology for the extraction of heavy oils from oil sands, oil shale deposits and shallow oil deposits. Petroteq is engaged in the development and implementation of its patented environmentally friendly heavy oil processing and extraction technologies. Our proprietary process produces zero greenhouse gas, zero waste and requires no high temperatures. Petroteq is currently focused on developing its oil sands resources and expanding production capacity at its Asphalt Ridge heavy oil extraction facility located near Vernal, Utah. In addition, the Company, through its wholly owned subsidiary, PetroBLOQ, LLC, is seeking to develop the first blockchain based platform created exclusively for the supply chain needs of the oil & gas sector. For more information, visit www.Petroteq.energy and PetroBLOQ.com. Forward-Looking Statements Certain statements contained in this press release contain forward-looking statements within the meaning of the U.S. and Canadian securities laws. Words such as “may,” “would,” “could,” “should,” “potential,” “will,” “seek,” “intend,” “plan,” “anticipate,” “believe,” “estimate,” “expect” and similar expressions as they relate to the Company, including: closing of the above noted financing; and the Company successfully developing block chain technology for the oil and gas industry and the anticipated benefits of such technology, are intended to identify forward-looking information. Readers are cautioned that there is no certainty that it will be commercially viable to produce any portion of the resources. All statements other than statements of historical fact may be forward-looking information. Such statements reflect the Company’s current views and intentions with respect to future events, based on information available to the Company, and are subject to certain risks, uncertainties and assumptions. Material factors or assumptions were applied in providing forward-looking information, including: receipt of the approval of the TSX Venture Exchange and the directors of the Company for the transactions; receipt of subscriptions for the financing; closing conditions being met; PetroBLOQ successfully developing and implementing a blockchain-based supply chain management system, the blockchain-based supply chain management system being adopted by energy participants, and the producing the benefits anticipated. While forward-looking statements are based on data, assumptions and analyses that the Company believes are reasonable under the circumstances, whether actual results, performance or developments will meet the Company’s expectations and predictions depends on a number of risks and uncertainties that could cause the actual results, performance and financial condition of the Company to differ materially from its expectations. Certain of the “risk factors” that could cause actual results to differ materially from the Company’s forward-looking statements in this press release include, without limitation: uncertainties inherent in the estimation of resources including whether any reserves will ever be attributed to the Company’s properties; PetroBLOQ not having the expertise and/or funds necessary to develop and implement a blockchain-based supply chain management system; PetroBLOQ not being able to develop the blockchain technology to completion; blockchain technology not being adopted by the oil and gas industry; changes in laws or regulations; the ability to implement business strategies or to pursue business opportunities, whether for economic or other reasons; status of the world oil markets, oil prices and price volatility; oil pricing; state of capital markets and ability by the Company to raise capital; litigation; the commercial and economic viability of the Company’s oil sands hydrocarbon extraction technology, and other proprietary technologies developed or licensed by the Company or its subsidiaries, which are of experimental nature and have not been used at full capacity for an extended period of time; reliance on suppliers, contractors, consultants and key personnel; the ability of the Company to maintain its mineral lease holdings; potential failure of the Company’s business plans or model; the nature of oil and gas production and oil sands mining, extraction and production; uncertainties in exploration and drilling for oil, gas and other hydrocarbon-bearing substances; unanticipated costs and expenses, availability of financing and other capital; potential damage to or destruction of property, loss of life and environmental damage; risks associated with compliance with environmental protection laws and regulations; uninsurable or uninsured risks; potential conflicts of interest of officers and directors; and other general economic, market and business conditions and factors, including the risk factors discussed or referred to in the Company’s disclosure documents, filed with the securities regulatory authorities in certain provinces of Canada and available at www.sedar.com. Should any factor affect the Company in an unexpected manner, or should assumptions underlying the forward-looking information prove incorrect, the actual results or events may differ materially from the results or events predicted. Any such forward-looking information is expressly qualified in its entirety by this cautionary statement. Moreover, the Company does not assume responsibility for the accuracy or completeness of such forward-looking information. The forward-looking information included in this press release is made as of the date of this press release, and the Company undertakes no obligation to publicly update or revise any forward-looking information, other than as required by applicable law. The securities referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements. This news release does not constitute an offer for sale of securities, nor a solicitation for offers to buy any securities. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the company and management, as well as financial statements. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. CONTACT INFORMATION Petroteq Energy Inc. | |||
CALGARY, Alberta, Sept. 20, 2018 (GLOBE NEWSWIRE) -- CORDY OILFIELD SERVICES INC. (“Cordy” or the “Company”) (CKK: TSX-V) announces that it has entered into a non-binding Memorandum of Understanding with Remedx Remediation Services Inc. (“Remedx”, collectively with Cordy, the “Parties”). The MOU establishes the framework for the Parties to form joint ventures to pursue various business opportunities, throughout Alberta, in connection with the management of hydrovac generated waste. The initial joint venture will be a non-hazardous slurry facility (the “Site”) located adjacent to Remedx’s Waste Management Facility located in Breton, Alberta (the “Facility”). It is understood that Cordy will be providing planning and construction services for the construction of the Facility, as well as, expertise and knowledge related to the treatment and disposal of hydrovac generated waste. Remedx will be the Site operator and will retain ownership of the Site and all related liabilities associated with the Site. The profit share formula and specific rights and responsibilities of the Parties will be finalized in a legally binding agreement to be negotiated and entered into between the Parties. RemedX is a privately-owned Canadian corporation formed in 1997 to offer niche, client-driven solutions by providing full-service remediation and reclamation contracting, technical services and waste management. Remedx has gained a solid reputation by working with its clients, contractors and industry to provide quality, cost effective environmental solutions and recently opened a Class II Landfill as part of the Facility at Breton, Alberta to further expand its capacity as a quality, client-focused environmental services provider, which will be an integral component of the new Site. Barrie Flood, Chief Executive Officer of Remedx comments: “We believe our partnership with Cordy will be a mutually beneficial arrangement and another step forward in responsible disposal of hydrovac generated waste. We look forward to capitalizing on Cordy’s expertise and knowledge in the management and disposal of hydrovac generated waste and are excited to begin working with Cordy in the coming days, months and years as we build a strong corporate and personal relationship with Cordy and their team.” Darrick Evong, Chief Executive Officer of Cordy comments: “Cordy looks forward to working with Remedx; as Cordy expands its hydrovac services we want to continue to secure cost effective, environmentally responsible, waste disposal solutions for our customers.” Cordy Oilfield Services Inc. owns businesses that provide environmental and construction services to the municipal and oilfield sectors and continues to evaluate organic and acquisition growth opportunities in these sectors. For general and investor relations information, please contact: Investor Relations READER ADVISORY This news release contains certain forward-looking information and statements within the meaning of applicable Canadian securities legislation. Certain statements contained in this news release may contain such words as “anticipate”, “could”, “continue”, “should”, “seek”, “may”, “intend”, “likely”, “plan”, “estimate”, “believe”, “expect”, “will”, “objective”, “ongoing”, “project” and similar expressions are intended to identify forward-looking information or statements. In particular, this news release contains forward-looking statements including the Company’s expectations regarding the completion of the transactions contemplated by the MOU, including the successful negotiation of a binding definitive agreement with RemedX . Although the Company believes that the expectations and assumptions on which such forward-looking information and statements are based are reasonable, undue reliance should not be placed on the forward-looking information and statements because the Company can give no assurances that they will prove to be correct. Since forward-looking information and statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, the risks associated with the oilfield services sector (i.e. demand, pricing and terms for oilfield services; current and expected oil and gas prices; exploration and development programs, weather, health, safety and environmental risks), competition, and uncertainties resulting from potential delays or changes in plans with respect to development projects or capital expenditures and changes in legislation, including but not limited to tax laws, royalties and environmental regulations, stock market volatility and inability to access sufficient capital from external and internal sources. Accordingly, readers should not place undue reliance on the forward-looking statements. Readers are cautioned that the foregoing list of factors is not exhaustive. Additional information on these and other factors that could affect the Company’s financial results are included in reports on file with applicable securities regulatory authorities and may be accessed through SEDAR at www.sedar.com. The forward-looking information and statements contained in this news release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking information or statements, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. | |||
Amended Offer of $0.845 per Iron Bridge share has unanimous support of Iron Bridge’s Board of Directors and largest shareholders
CALGARY, Alberta, Sept. 20, 2018 (GLOBE NEWSWIRE) -- Velvet Energy Ltd. (“Velvet”, “we”, “us” or “our”) is reminding shareholders of Iron Bridge Resources Inc. (TSX: IBR) (“Iron Bridge”) that Velvet’s all-cash offer to acquire all of the issued and outstanding common shares of Iron Bridge will expire at 5:00 p.m. (Toronto time) on September 24, 2018. Shareholders are, however, cautioned, that most brokers and financial intermediaries will have an earlier cut-off time. All Iron Bridge shareholders who have not yet tendered their common shares are urged to do so today. THE CONSIDERATION On September 10, 2018 we announced that Velvet and Iron Bridge agreed to terms on a friendly transaction whereby Velvet modified its May 22, 2018 offer (the “Original Offer”) to increase the cash consideration payable for each Iron Bridge common share from $0.75 to $0.845 (the “Amended Offer”). The Amended Offer was filed with the Alberta Securities Commission on September 12, 2018 under a Notice of Change and Variation. The Amended Offer is fully-supported by the Iron Bridge Board of Directors and Officers and is receiving growing and significant support from Iron Bridge Shareholders. Based on this support, Velvet is confident the Amended Offer will exceed the Minimum Tender Condition. REASONS TO ACCEPT THE OFFER
TENDER YOUR SHARES TODAY Iron Bridge shareholders can tender their shares immediately by contacting Kingsdale Advisors, Velvet’s Depositary and Information Agent, by telephone toll-free at 1-866-879-7650 within North America and at 1-416-867-2272 outside of North America or by e-mail at contactus@kingsdaleadvisors.com. Advisors Velvet has retained BMO Capital Markets as its exclusive financial advisor and Bennett Jones LLP as its legal advisor. Kingsdale Advisors is acting as strategic communications advisor and its Information Agent and Depositary. Information Agent For additional information, including assistance in depositing Iron Bridge shares to the offer, Iron Bridge shareholders should contact Kingsdale, toll-free in North America at 1-866-879-7650 or call collect outside North America at 1-416-867-2272 or by email at contactus@kingsdaleadvisors.com. About Velvet Velvet Energy Ltd. is a privately-held, full-cycle exploration and production company. Focused in the liquids-rich gas and light oil window of the Deep Basin of Alberta, the Company executes an organic growth business plan, including early land capture, technical evaluation, exploration and development of internally generated prospects. Headquartered in Calgary, Velvet has current production of approximately 26,000 boe per day and a focused land position consisting of over one million net undeveloped acres spanning from its core liquids-rich Ellerslie development in the greater Edson area to early phase Montney light oil exploration at Gold Creek. Important Notice Certain statements contained in this news release constitute forward-looking information within the meaning of applicable securities laws. Forward-looking information can be generally identified by the use of words such as “anticipate”, “continue”, “estimate”, “expect”, “expected”, “intend”, “may”, “will”, “project”, “plan”, “should”, “believe” and similar expressions. Specifically, forward-looking information in this news release includes statements respecting the offer, including the benefits, results, effects and timing of any such transaction and the completion thereof, if at all. Forward-looking statements in this news release describe the expectations of Velvet as of the date hereof. These statements are based on assumptions and involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements for a variety of reasons, including without limitation, the ability to obtain regulatory approvals and meet the other conditions to any possible transaction. Although Velvet believes the expectations reflected in these forward-looking statements and the assumptions upon which they are based are reasonable, no assurance can be given that actual results will be consistent with such forward-looking statements, and they should not be unduly relied upon. For further information: Ken Woolner Chris Theal Peter Henry Media Contact: Kingsdale Advisors | |||
GLOBAL BIOENERGIES launches a private placement This document may not be distributed, directly or indirectly, in the United States, Canada, Australia or Japan. GLOBAL BIOENERGIES launches a private placement In accordance with Articles L.225-136 of the French Commercial Code and L.411-2 II of the French Monetary and Financial Code, the funds will be raised from qualified domestic and international investors, with the notable exception of the United States, Canada, Australia and Japan. They will be used to complete the development of the Isobutene programme for the first generation of substrates and to continue work on the next two generations. The operation will be carried out by accelerated bookbuild, following which the number and price of the new shares to be issued will be determined. The accelerated bookbuild will commence immediately and is expected to close before the markets open on 21 September 2018, assuming that it does not close early and is not extended. The Company will announce the results of the operation in a press release as soon as the book is closed. Under the terms of the eighth resolution adopted by the Company's General Meeting on 5 June 2018, the issue price of the new shares will be at least equal to the weighted average price of the Company's shares on the Euronext Growth Paris market for the last three trading sessions prior to it being set. It may be reduced by a maximum discount of 20%. The maximum number of new shares to be issued in connection with this operation would be around 10% of the share capital. The private placement is being handled by Gilbert Dupont, acting as sole lead manager and bookrunner. As Marc Delcourt, Chief Executive Officer of Global Bioenergies, explained: "These additional funds will help us accelerate our transition to commercial deployment". Disclaimer In accordance with Article 211-3 of the General Regulation of the Autorité des Marchés Financiers (AMF), the offer of the Company's shares in connection with this capital increase, conducted in the form of a private placement, will not require a prospectus to be submitted for approval to the AMF. Before deciding whether to invest, investors should read about the risks in the 2017 Registration Document, in the section entitled "Risk factors", available from the Global Bioenergies website (www.globalbioenergies-invest.com). In France, the Global Bioenergies share offer described above will be conducted exclusively in the form of a private placement, in accordance with Article L.411-2 of the French Monetary and Financial Code and the applicable regulatory provisions. It does not constitute a public offer within the meaning of Article L.411-1 of the French Monetary and Financial Code. Since it concerns the Member States of the European Economic Area which have transposed Directive 2003/71/EC of the European Parliament and of the Council of 4 November 2003 (as amended in particular by Directive 2010/73/EU, to the extent that this Directive has been transposed in each of the Member States of the European Economic Area) (the "Prospectus Directive"), no action has been taken or will be taken to allow an offer to the public of the securities referred to in this press release, necessitating the publication of a prospectus in any of the Member States. This press release and the information it contains do not constitute an offer to subscribe for or purchase, nor a solicitation to purchase or subscribe for, Global Bioenergies shares in the United States or in any other jurisdiction in which the operation may be subject to restrictions. The securities may not be offered or sold in the United States in the absence of registration or exemption from registration under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), it being stipulated that Global Bioenergies shares have not been and will not be registered under the U.S. Securities Act and that Global Bioenergies does not intend to make an offer to the public of Global Bioenergies shares in the United States or in any other jurisdiction. The distribution of this press release may be subject to specific regulations in some countries. Persons in possession of this press release should be aware of and comply with any local restrictions. About GLOBAL BIOENERGIES Global Bioenergies is one of the few companies worldwide, and the only one in Europe, that is developing a process to convert renewable resources into hydrocarbons through fermentation. The Company initially focused its efforts on the production of isobutene, one of the most important petrochemical building blocks that can be converted into fuels, plastics, organic glass and elastomers. Global Bioenergies continues to improve the performance of its process, to operate its demo plant in Germany, and to prepare the first full-scale plant through a joint venture with Cristal Union, named IBN-One. Global Bioenergies is listed on Euronext Growth Paris (FR0011052257 - ALGBE) Should you like to be kept informed, subscribe to our news feed on Follow us on Twitter: @GlobalBioenergi Contact GLOBAL BIOENERGIES This document may not be distributed, directly or indirectly, in the United States, Canada, Australia or Japan. Attachment |
Energy Stocks Group on Linkedin.com
Large cap and junior small cap energy stocks on all exchanges including NYSE, NASDAQ, OTC, TSX, TSX Venture, ASX, AIM and global stock exchanges - over 700 stocks
3D Oil Limited ( ASX.TDO.AX ) formation was motivated by an initial focus on the Gippsland Basin which has been one of the most prolific oil and gas producing region in Australia. The Company's strategy is to target a combination of favourable technical and commercial considerations and exploit niche positions. 3D Oil currently has interests in exploration permits in the offshore Gippsland and Otway Basins of South East Australia.
49 North Resources Inc. ( TSX:FNR.V ) is a Saskatchewan focused resource investment company with strategic operations in financial, managerial and geological advisory services and merchant banking. Our diversified portfolio of assets includes direct project involvement in the resource sector, as well as investments in shares and other securities of junior and intermediate mineral and oil and gas exploration companies.
88 Energy Limited ( LSE:88E.L ) (Formerly Tangiers Petroleum Ltd.) is an exploration company that has acquired ~100,000 acres, onshore Alaska, in a world class exploration asset targeting liquids rich conventional and unconventional plays.
Abraxas Petroleum Corporation ( NasdaqCM:AXAS ) is a San Antonio based crude oil and natural gas exploration and production company with operations across the Rocky Mountain, Permian Basin and onshore Gulf Coast regions of the United States.
ACTIVENERGY INCOME TRUST UNITS ( TSX:AEU-UN.TO ) invests in a diversified portfolio of dividend paying energy companies operating in Canada and the U.S. To provide further diversification, the Fund also invests in oil and gas exploration and development companies as well as oil sands common stocks.
Adams Resources And Energy ( NYSE MKT:AE ) through its subsidiaries, is engaged in the business of marketing crude oil, tank truck transportation of liquid chemicals; and oil and gas exploration and production.
Adira Energy Ltd. ( TSX:ADL.V ) is an oil and gas company which is focused in the Eastern Mediterranean. The Company has one petroleum exploration licenses offshore Israel; the Yitzhak license, located 17 km offshore between Hadera and Netanya.
ADX Energy ( ASX:ADX.AX ) is an Australian Stock Exchange (ASX) listed oil and gas exploration and appraisal company. ADX operates four oil and gas permits in North Africa and Europe. The company is headquartered in Perth, Western Australia with additional offices operating out of Baden (Austria), Tunis (Tunisia) and Bucharest (Romania).
Africa Oil Corp . ( TSX:AOI.TO ) is a Canadian oil and gas company with assets in Kenya and Ethiopia, and an equity interest in Africa Energy Corp.
Aker Solutions ( Oslo:AKSO.OL ) is a global provider of products, systems and services to the oil and gas industry. Its engineering, design and technology bring discoveries into production and maximize recovery. The company employs approximately 16,000 people in about 20 countries.
See the full stock directory here