Heavy Oil Investing News» Uncategorized

Cinch Energy Corp. Releases Q1 2011 Results

Anne Bagchi — Wed, 11 May 2011 00:50:13 +0000

Cinch Energy Corp. (TSE:CNH) reports that the company's financial and operating results for the first quarter of 2011.

Manitok Energy Inc. – Oil and Gas in the Western Canadian Sedimentary Basin

Vivien Diniz — Sat, 29 Jan 2011 00:06:31 +0000

Manitok Energy Inc. (CVE: MEI) is an oil and gas exploration and development company focused on conventional reservoirs in the Canadian foothills and heavy oil in east central Alberta. The company has assembled a portfolio of properties, with varied play-types, in Alberta, Canada. All of these projects are at the drill-ready stage, with recent drilling operations completed on the Swimming property last fall and another drill underway on their Stolberg lands. In mid 2010, Manitok merged with Desco Resources Inc. and raised almost $10 million in order to go public. At the end of December 2010, Manitok completed an $18.1 million equity financing of both common and flow through shares. Manitok is expecting a capital program of about $21 million in 2011.

Africa Oil Enters Next Exploration Phase and Becomes Operator in Kenya Block 9

Anne Bagchi — Tue, 25 Jan 2011 04:02:58 +0000

Africa Oil Corp. (CVE:AOI) together with its joint venture partner, Lion Energy Corp., enters into the First Additional Exploration Phase under the Block 9 Production Sharing Contract Agreement in Kenya.

Ivanhoe Energy Sold U.S Oil and Gas Assets for $40 mln

Melissa Pistilli — Wed, 05 Aug 2009 03:43:28 +0000

Ivanhoe Energy Inc. has sold its U.S. oil and gas operations to Seneca South Midway LLC, a subsidiary of Seneca Resources Corp., for approximately $40-million. For full story, click here

EnCana Profit slipped, but beats Street on Oil Sands

Melissa Pistilli — Fri, 24 Jul 2009 00:41:16 +0000

EnCana Corp, Canada’s biggest energy company, declared its second-quarter profit slipped 80 percent as oil and gas prices sank, but operating results beat expectations on a strong showing from its oil sands division. For full story, click here

SRIC’s Heavy Oil from Tar Sands report

Melissa Pistilli — Mon, 22 Dec 2008 15:29:12 +0000

SRIC’s Heavy Oil from Tar Sands report reviews the status of the global tar sands business focusing on Alberta, Canada where sand deposits represent 174 billion barrels of oil, 15% of the global reserves and second only to Saudi Arabia. For full story, click here

Upgrader:Canadian election in focus

Melissa Pistilli — Fri, 12 Sep 2008 08:41:33 +0000

By Duncan Sutherland – Exclusive to Heavy Oil Investing News Market news Ouch! For our Canadian investors in commodities, times have certainly been better. The TSX has been dragged downward by mining and energy concerns this week, and investors are understandably worried. Some see it as a natural part of a cycle, others as a [...]

Damage due to mississippi heavy oil spill not as bad as first feared

Melissa Pistilli — Mon, 04 Aug 2008 08:27:22 +0000

Andy Nyman, The Louisiana State University assistant professor of wetland wildlife and ecology, was quoted as saying: He expected to see much more shoreline damage at the mouth of the Mississippi River after a July 23 oil spill near the Crescent City Connection dumped an estimated 400,000 gallons of oil into the river. For full [...]

Deloro Resources Ltd: Unique Corporate Vision

Melissa Pistilli — Wed, 11 Jun 2008 15:32:35 +0000

Overview Deloro Resources Ltd is a young, emerging junior oil and gas company with a unique corporate vision. The company has chosen to acquire projects that are considered depleted yet still have substantial oil left in the ground that was not recoverable using conventional methods. Deloro will then apply an Enhanced Oil Recovery system and [...]