Browsing Tag
Alberta
97 posts
Questor (TSXV: QST) targets C$10m revenue as 50 Q5000 rental units await customers
Questor Technology Inc. has designated 50 Q5000 clean-combustion units for rental and another 11 units for international sale as it pursues opportunities from Alberta to Mexico and Africa, but most of the disclosed pipeline remains non-binding after Q2 revenue plunged 92%.
Arrow Exploration (TSXV: AXL) hits record output after Thorsby deal but converts IC-6 to water disposal
Arrow Exploration Corp. has pushed corporate production above 6,000 boe/d after recent Colombian drilling and its Thorsby acquisition in Alberta, but the Icaco-6 well encountered a fault and was converted into a water-disposal well before reaching two planned reservoir targets.
ARC Resources exits TSX after Shell completes one of Canada’s biggest energy deals
Shell has completed its acquisition of ARC Resources at an updated US$16.5 billion enterprise value, immediately adding roughly 370,000 boe/d of Canadian production. About three-quarters of the equity consideration is being paid in Shell shares, while management expects the transaction to become accretive to free cash flow per share from 2027.
Lotus Creek (TSXV: LTC) tops 5,500 boe/d as Wilson Creek battery fills a year early
Lotus Creek Exploration has pushed corporate production above 5,500 boe/d and filled its Wilson Creek battery roughly a year earlier than originally planned. The result puts current output above the top end of existing Q4 guidance, but infrastructure capacity is now the immediate constraint on further growth.
Journey Energy (TSX: JOY) closes C$28m asset sale as C$31m liabilities leave portfolio
Journey Energy has completed the C$28 million sale of producing Northwest Alberta assets representing roughly 12% of its Q2 production base. The divestment also transfers approximately C$31 million of end-of-life obligations, giving Journey a cleaner balance-sheet profile as capital shifts toward its Duvernay light-oil development.
Westgate Energy (TSXV: WGT) Q2 production jumps 141% as operating income rises above C$2.5m
Westgate Energy more than doubled Q2 production and operating netback, but C$7 million of property and equipment spending highlights the capital intensity behind the Beaverdam growth story.
Westgate Energy (TSXV: WGT) Q2 production jumps 141% as Beaverdam drives C$5.24m revenue
Westgate Energy more than doubled second-quarter production and increased operating income fivefold as its Beaverdam heavy-oil development scaled. Current output has since reached approximately 800 boe/d, although a liner problem and an unexpected oil-bearing channel have changed the next phase of drilling.
Prospera Energy reprices C$12m financing as C$20.7m debt maturity moves to 2028
Prospera Energy has pushed a C$20.74 million senior debt maturity out by two years while repricing a planned C$12 million equity financing to C$0.03 per unit. The extension removes an immediate refinancing deadline, but full subscription would increase the existing share count by about two-thirds before warrants are exercised.
LithiumBank (TSXV: LBNK) shares jump 13% after C$5.5m Boardwalk financing closes
LithiumBank Resources increased and completed a C$5.52 million financing for its Boardwalk lithium brine project after investor demand exceeded the original offering. The shares rallied on the announcement day, but the unit structure introduces meaningful dilution and another potential block of shares through C$0.90 warrants.
Advantage Energy to sell Wembley Montney assets for C$316m and targets major buybacks
Advantage Energy is selling its Wembley assets for C$316 million, sacrificing 5,730 boe/d of production to push net debt toward C$245 million and accelerate share repurchases.