Twoco Petroleums Ltd. (TSXV:TWO) announced that it plans to sell 70 percent of its working interests in its Alberta-based Sparky heavy oil property to an oil and gas investment fund located in Seoul, Korea for C$28 million as per an arm's length definitive agreement.
Twoco Petroleums Ltd. (TSXV:TWO) announced updated information about its heavy oil reserves.
Alberta Star Development Corp. (CVE:ASX,OTC:ASXSF,FRA:QLD) announced the completion of the first well of its drilling program at the Blackfoot property.
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.
The contrast between haves and have-nots in the Alberta oilpatch has seldom been so stark. For full story, click here
Canadian Natural, the nation’s second-leading natural-gas producer, declared a second- quarter profit after production commenced at its Horizon oil-sands project in northeastern Alberta and raised its output forecast. For full story, click here
Canadian Natural Resources Ltd., the nation’s second-leading natural-gas producer, reported a second- quarter profit after production started at its Horizon oil-sands project in northeastern Alberta and raised its output forecast. For full story, click here
Canadian Natural Resources Ltd., the nation’s second-leading natural-gas producer, reported a second- quarter profit after production started at its Horizon oil-sands project in northeastern Alberta and raised its output forecast. For full story, click here
Baytex Energy Trust declared that it has closed the purchase of oil and gas assets in Saskatchewan and Alberta for $86.2 million. For full story, click here
The Alberta government has released two reports that say greenhouse gas emissions from the oilsands aren’t that much different from those of other oil sources. For full story, click here
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