Corridor Resources Inc. (TSX:CDH) announced the Canada-Newfound and Labrador Offshore Petroleum Board (B-NLOPB) issued exploration licence EL-1153 to Corridor in exchange for the surrender of exploration licence EL-1105, covering the Old Harry prospect in the Gulf of St. Lawrence. The new licence is good for three years, subject to extension by Corridor for an additional…
PetroShale Inc. (TSXV:PSH) announced initial tests from its first operated well and its participation in three recently completed non-operated wells all located within the heart of the North Dakota Bakken/Three Forks play. The company’s well tested at production rates of 2,500 to 3,000 boe/d and continues to flow naturally, without artificial lift, and has stabilized…
Zargon Oil & Gas Ltd. (TSX:ZAR) reports it has hedged 650 boe/d of production at an average of $71.50 (Cdn) for February to December, 2017. When this hedge is combined it previously announced hedges, the total volumes hedged for the rest of this year are 1,300 boe/d at an average price of $69.24 (Cdn). #Zargon…
Seven Generations Energy Ltd. (TSX:VII) is optimistic for 2017. “Growth for 2017 is underpinned by a rigorous plan built on continue strong well performance that is meeting or exceeding well production type curves I the Kakwa River project,” says Marty Proctor, president and chief operating officer. “Thorough business and investor communication are at the core…
Ideal Completions Group LLC finalized deal with Cathedral Energy Services to acquire its flowback and production testing assets in Canada and the U.S. The $17.8 million acquisition was fully funded by management and ENR Partners LP, an affiliate of Edge Natural Resources, a private equity firm based in Dallas, TX. The management team at Ideal…
Granite Oil Corp. (TSX:GXO) recently announced it saw major advancement in its gas injection enhanced oil recovery (EOR) scheme in the Bakken formation. Last year, the company optimized its development drilling program with modifications to well and completion design, and focused primarily on drilling 15 EOR wells it owns 100%. It also reduced all-in well…
