Stock Briefs (Short Stories; November 3, 2011)- EnerVest Diversified Income Trust has renewed its normal course issuer bid with the Toronto Stock Exchange. Under the NCIB EnerVest may purchase up to ~8.8 million of its issued and outstanding units on the open market through the facilities of the TSX at the prevailing market price, representing 10% of the public float. EnerVest may not purchase more than~1.8 million units during any 30-day period, equivalent to 2% of the issued and outstanding units. Any units purchased by the company
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Nov 03, 2011
Reserves & Production Briefs (November 2008; >10 Stories)Apache Corp.'s Canadian oil production fell in the third quarter to 16,655 BPD (all volumes net) from 18,451 BPD while daily NGL output dropped during the period to 2,034 barrels from 2,253 barrels. Gas production also fell to 349 MMCFD from 386.6 MMCFD during the same quarter last year.
Arrow Energy Ltd.'s Q3 production averaged 216 BOEPD, an 18.5% decrease from Q2 2008 and a 48.1% decrease from Q3 2007. Production for the nine months ended September 30, 2008, averaged 207 BOEPD, an...
Nov 15, 2008
Discoveries & Drilling Briefs (September 2008; >15 Stories)August 29, 2008
During Q2, Action Energy Inc. drilled a step-out Gething gas well on its Mcleod property in the Peace River Arch area. The well tested at rates ranging from 3.3 to 5.9 MMCFD and the company anticipates that it will be brought on stream at ~2.0 MMCFD.
August 28, 2008
Buffalo Resources Corp. has completed, stimulated, and tied-in its deep Mississippian horizontal well at Pincher Creek 13-28-004-29W4. The well initially produced at ~2.0 MMCFD and has stabilized at a rate of...
Sep 30, 2008
People Briefs - September 30, 2008September 15, 2008
Angle Energy Inc. has promoted Elizabeth More to VP, Exploration. More holds a degree in geology and has more than 26 years of exploration success with major oil and gas explorers such as Gulf Canada Resources Ltd. as well as junior explorers such as Bear Creek Energy Inc. In addition, Glen Richardson was named VP, Land. Richardson has more than 14 years of negotiation and related experience with Penn West Petroleum and Amoco Canada.
September 12, 2008
Canadian...
Sep 30, 2008
Discoveries & Drilling Briefs (August 2008; >10 Briefs)August 13, 2008
PetroWorth Resources' E-8 (Feenan #2) well in New Brunswick tested at 1.06 MMCFD at a flowing tubing pressure of 155 psi and a casing pressure of 347 psi. In addition, the A-63 (Feenan #4) well reached total depth of 1,340 meters.
August 11, 2008
Blackdog Resources Ltd. is drilling its first light oil horizontal well on its jointly owned Whitebear property in SE Saskatchewan near the town of Carlyle. This development well is targeting the prolific Souris Valley formation....
Aug 30, 2008
Acquisition Briefs (June 2008; >5 Stories)Without disclosing details, Sahara Energy said it sold properties at Tangent, Pembina and Gold Creek in Alberta for ~$1.96 million. After the end of the quarter, another property was sold at Buzzard in western Saskatchewan for $1.39 million. The total property sales of $3.34 million were used to pay down debt.
Solara Exploration agreed to purchase interests in Alberta gas properties producing ~60 BOEPD. The company will also add interests in 2,205 net undeveloped acres. The aggregate price...
Jun 15, 2008
Acquisition Briefs (June 2008; >5 Stories)Without disclosing details, Sahara Energy said it sold properties at Tangent, Pembina and Gold Creek in Alberta for ~$1.96 million. After the end of the quarter, another property was sold at Buzzard in western Saskatchewan for $1.39 million. The total property sales of $3.34 million were used to pay down debt.
Solara Exploration agreed to purchase interests in Alberta gas properties producing ~60 BOEPD. The company will also add interests in 2,205 net undeveloped acres. The aggregate price...
Jun 15, 2008