True Energy Trust unveiled its financial and operating results for the year ended December 31, 2008. The Trust reported to have entered into various commodity risk management contracts. Effective October 1, 2008 this tuck-in acquisition added approximately 225 bbls/d of heavy oil production for metrics of $19,100/boe/d and $8.60/boe. For full story, click here
Freedom Financial Holdings, Inc. CEO Brian Kistler announced today that the company has successfully secured Oil and Gas Leases for an additional 720 acres of ground in Vernon County, Missouri, the company believes to be rich with heavy oil sands. Freedom Financial Holdings, Inc. CEO Brian Kistler, said: The last several months has been a [...]
Spry Energy Ltd. is pleased to announce the financial and operating results for our first quarter ended September 30,2008. For full story, click here
The company has got its initial round of financing to begin deployment of its heavy oil initiative. For full story, click here
The growing financial crisis and plunging energy prices have forced oil companies to scale back spending and delay projects, with projects in the Canadian oil sands hardest hit. For full story, click here
The economies of heavy oil-producing countries are the ones that are least affected by the effects of the financial turmoil. For full story, click here
By Duncan Sutherland – Exclusive to Heavy Oil Investing News Market news As predicted, the combination of falling oil prices, demand destruction and tight credit is beginning to affect heavy oil and oil sands. Energy stocks and trusts are down, and the news marginalia suggests that companies have a bleak outlook for the future profitability [...]
By Duncan Sutherland – Exclusive to Heavy Oil Investing News Market News: Now this is not the end. It is not even the beginning of the end. But it is, perhaps, the end of the beginning. Apologies to Winston Churchill, but this quote is perhaps the best measure of the rocky state of the global financial [...]
By Duncan Sutherland – Exclusive to Heavy Oil Investing News Hello to everyone out there. Sorry that Upgrader is later than usual this week. I have been in Winnipeg and Northern Ontario on a semi-vacation. On that note, it was helpful to be without news for a few days as it offered perspective on what [...]
Freedom Financial Holdings, Inc. signed an LOI with an Oil Technology group to form a Joint Venture for launching new Heavy-oil conversion technology and begin production on reserves within Southwest Missouri. For full story, click here
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