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Oil and Gas News

Rebounding Crude Oil Gets Far Away from the Bearish Side
June 29, 2022 ( Newswire) Demand for crude oil is accelerating - a bullish sign for its prices.

Oil and Gas Stock News: Kraken Energy (CSE: UUSA) (OTCQB: UUSAF) Submits Permits to Commence Initial Drill Program at past Producing Apex Uranium Project in Nevada
Vancouver, British Columbia - June 27, 2022 (Newsfile Corp.) ( Newswire) Kraken Energy Corp. (CSE: UUSA) (OTCQB: UUSAF) is pleased to announce that it has submitted permits for initial drilling at its Apex project, central Nevada, to the U.S. Forest Service.

Is Crude Oil About to Pivot into Bearish Territory?
June 24, 2022 ( Newswire) What outcome or outlook for crude oil should we expect when looking at the current (macro-)economic environment?

Energy Stock News: Coelacanth Energy Inc. (TSXV: CEI) Announces Listing on the TSX Venture Exchange
Calgary, Alberta - June 17, 2022 (Newsfile Corp.) ( Newswire) Coelacanth Energy Inc. (TSXV: CEI) is pleased to announce that the Company has obtained a listing on the TSX Venture Exchange ("TSXV") and will be publicly traded on the TSXV under the symbol "CEI" on June 20, 2022.

Oil and Gas E&P to Spin Out Assets
June 16, 2022 ( Newswire) "The market is pricing in very little for the new company, and given our expectations for continued strong oil prices, we believe this is a buying opportunity,"

Energy Stock News: Obsidian Energy (TSX: OBE) Announces Expanded 2022 Development Program, Increased 2022 Guidance, and Preliminary 2023 Forecast
Calgary, Alberta - June 16, 2022 (Newsfile Corp.) ( Newswire) OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) is pleased to provide an operational update on the success of our 2022 first half development program, as well as announce an expanded second half development program

Key Oil Sands Groups Join Forces Under Pathways Alliance Banner
Calgary, Alberta - June 15, 2022 (Newsfile Corp.) ( Newswire) Canada's major oil sands producers today announced the combination of three existing industry groups, all focused on responsible development, into a single organization called the Pathways Alliance.

Global Oil Demand Is Expected to Slow in 2023
June 15, 2022 ( Newswire) What scenario for crude oil can we expect based on the geopolitical scene, OPEC forecasts, and oil stocks released by the US Petroleum Institute?

Energy Stock News: Saturn Oil & Gas (TSXV: SOIL) (FSE: SMKA) Announces Closing of $75 million Bought Deal Offering
Calgary, Alberta - June 8, 2022 (Newsfile Corp.) ( Newswire) Saturn Oil & Gas Inc. (TSXV: SOIL) (FSE: SMKA) is pleased to announce that, further to the Company's May 31, 2022 press release, it has closed its previously announced bought deal offering of subscription receipts

How Will Rising Crude Oil Prices Affect Demand and Gasoline?
June 8, 2022 ( Newswire) Crude oil prices soared earlier this week after Saudi Arabia said on Sunday it would raise crude oil prices for most regions except the United States.

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Oil and Gas News from Newsfile

Loon Energy Announces Debt Settlement, Option Grant and Update to Optimind Pharma Transaction
Toronto, Ontario--(Newsfile Corp. - June 30, 2022) - Loon Energy Corporation (TSXV: LNE.H) (the "Company" or "Loon") and Optimind Pharma Inc. ("Optimind") have entered into a third amending agreement to the definitive acquisition agreement announced on November 30, 2021, as amended, with respect to the reverse takeover transaction between Loon and Optimind (the "Transaction"). The amending agreement provides for an extension to the completion of the Transaction to be on or before August 24,...

Michael Stein Announces Acquisition of Debenture of Loon Energy Corporation
Toronto, Ontario--(Newsfile Corp. - June 30, 2022) - This press release is being disseminated as required by National Instrument 62 103 - The Early Warning System and Related Take Over Bid and Insider Reporting Issues in connection with the filing of an early warning report (the "Early Warning Report") regarding the acquisition of a secured convertible debenture (the "Debenture") of Loon Energy Corporation (the "Company" or "Loon") by Michael Stein and his affiliates ("Acquiror") in...

Purepoint Uranium Group Inc. Announces Adoption of Omnibus Incentive Plan
Toronto, Ontario--(Newsfile Corp. - June 30, 2022) - Purepoint Uranium Group Inc. (TSXV: PTU) ("Purepoint" or the "Company") is pleased to announce that its proposed adoption of a new omnibus equity incentive compensation plan (the "Omnibus Plan") was approved by the Company's shareholders at its annual and special meeting of shareholders held on June 29, 2022 (the "Meeting"). The Omnibus Plan replaced the Company's existing stock option plan and includes a 10% "rolling" option plan...

Alpine Summit Energy Partners Announces July 2022 Dividend and Results of AGM
Nashville, Tennessee and Vancouver, British Columbia--(Newsfile Corp. - June 30, 2022) - Alpine Summit Energy Partners, Inc. (TSXV: ALPS.U) (OTCQX: ASEPF) ("Alpine Summit" or the "Company") is pleased to announce that, in accordance with its current monthly dividend policy, the Board of Directors of the Company has declared a dividend of US$0.03 per subordinate voting share for the month of July 2022. Simultaneously with declaring the dividend on the subordinate voting shares, the directors also...

California Nanotechnologies Announces Record Revenue for Fiscal 2022
Company announces record $1.08 MM revenue for Fiscal 2022Cal Nano qualifies for ERC & R&D Tax credits valued at approximately $130,000Los Angeles, California--(Newsfile Corp. - June 30, 2022) - California Nanotechnologies Corp. (TSXV: CNO) (OTC Pink: CANOF) ("Cal Nano" or the "Company") is pleased to announce record revenues of US$1,081,500 for the year ending February 28, 2022 ("F2022"). This is an increase of 39% from the previous year. Net income for F2022 was US$275,600 and...

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