Oilpatch Review

Canadian Insight into the oilpatch during the past week ...

Updated on Wednesday, September 18, 2019

Africa Oil Corp. (AOI:TSX) announced on September 16th a second large oil discovery on the Orinduik block in the Joe-1 exploration well resulting in the opening of a new Upper Tertiary oil play in the Guyana basin.

The Joe-1 exploration well was drilled by the Stena Forth drillship to a total depth of 2,175 metres in water depth of 780 metres. Wireline logging and sampling data confirm 16 metres of net oil pay in high-quality oil bearing sandstone reservoirs of Upper Tertiary age.

The partners will now conduct a detailed evaluation of the Jethro, Joe and Hammerhead extension oil reservoirs on the Orinduik block.

Keith Hill, President and CEO of Africa Oil commented, "We're two for two on the Orinduik Block offshore Guyana which shows the enormous potential of this block.  The Joe well opens up a new shallow Tertiary play which, combined with the 90% plus success rate in the lower Tertiary and Cretaceous plays in our block and the adjacent Stabroek Block, gives us great confidence that the multiple remaining prospects in our block will enjoy similar high success rates."

Africa Energy Corp. is a Canadian oil and gas company with exploration assets offshore South Africa and Namibia. Company is based in Vancouver. Africa Energy has a market cap of 130 million and approximately 683 million shares outstanding.

Ballard Power Systems (BLDP:TSX) announced on September 16th that the Company will be included in the S&P/TSX Composite Index. Approximately 240 of the 1,500 companies listed on the TSX are included in the S&P/TSX Composite Index.

Ballard Power Systems is a Vancouver based Canadian company engaged in proton exchange membrane fuel cell development and commercialization. Company has a market cap of $864 million and approximately 232 million shares outstanding.

Cub Energy Inc. (KUB:TSX) announced on September 16th that it has commenced drilling of the Uzhgorod-101 (“U-101”) well. This is the first well in a three-well drill program for which all costs will be borne 100% by our partner, NAFTA International B.V. (“NAFTA”). The average planned depth of the wells is in range from 1,500 to 1,900 metres to evaluate several prospective horizons identified by 3D seismic.

Mikhail Afendikov, Chairman and CEO of Cub commented, “The spudding of the U-101 well is a major milestone for Cub. This is a cumulative effort between Cub and NAFTA as we performed 3D seismic, generated an inventory of prospects and are now executing with the drilling of our first exploratory well. These wells all qualify for the reduced 12% royalty.”

Cub Energy Incorporated is a Houston, USA based international oil and gas company focused on its activities and properties in Ukraine. Company has market cap of $7.8 million and approximately 312 million shares outstanding.

Cuda Oil and Gas Inc. (CUDA:TSX) announced on September 16th that it has posted a new corporate presentation at www.cudaoilandgas.com. The presentation provides extensive detail on its strategic focus on its primary assets in the Powder River Basin in Wyoming.

Cuda Oil And Gas Inc is a Calgary based company. The main activity of the company is oil and natural gas exploration, development and production in Alberta and Quebec in Canada; and in the State of Wyoming in the United States. Company has a market cap of $11 million and approximately 22 million shares outstanding.

Eco (Atlantic) Oil & Gas Ltd. (ECO:TSX) announced on September 16th a second oil discovery on the Orinduik Block, offshore Guyana. The Joe-1 exploration well was drilled by the Stena Forth drillship to a final depth of 7,176 feet (2,175 meters) in approximately 2,546 feet (780 meters) of water. Evaluation of MWD, wireline logging and sampling of the oil confirms that Joe-1 is the second discovery on the Orinduik license and comprises high quality oil-bearing sandstone reservoir with a high porosity of Upper Tertiary age.

Eco, along with its partners Tullow (Operator) and Total, will now conduct a detailed evaluation of the Jethro, Joe and Hammerhead extension oil reservoirs on the Orinduik Block.

Eco (Atlantic) Oil & Gas Limited is a Toronto based international oil and gas company with assets in Guyana and Namibia. Company has a market cap of $276 million and approximately 164 million shares outstanding.

Surge Energy Inc. (SGY:TSX) announced on September 16th that a cash dividend to be paid on October 15, 2019 in respect of September 2019 production, for the shareholders of record on September 30, 2019 will be $0.008333 per share. The dividend is an eligible dividend for the purposes of the Income Tax Act (Canada).

Surge Energy Inc. is an oil-weighted production and development company based in Calgary. Company has its operations in western Canada. Surge has a market cap of $450 million and approximately 309 million shares outstanding.

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Pembina Pipeline Corporation (PPL:TSX) announced that it has agreed with Kinder Morgan Canada Limited to amend and restate the previously announced arrangement agreement dated August 20, 2019.

Upon closing of the transaction, each outstanding KML preferred share of a series will be exchanged for one preferred share of Pembina with the same commercial terms and conditions as that series of KML preferred shares.

Further information regarding the Transaction will be contained in a proxy statement of KML that it will prepare, file and mail to its shareholders in due course in connection with KML voting and preferred special shareholders meetings.

Pembina Pipeline Corporation is a Calgary based transportation and midstream service provider that has been serving North America's energy industry for over 60 years. Pembina owns an integrated system of pipelines that transport various hydrocarbon liquids and natural gas products produced primarily in western Canada. Company has a market cap of $22 billion and approximately 506 million shares outstanding.

Pembina Pipeline Corporation (PPL:TSX) announced that its Board of Directors declared a common share cash dividend for September 2019 of $0.20 per share to be paid, subject to applicable law, on October 15, 2019 to shareholders of record on September 25, 2019.

This dividend is designated an "eligible dividend" for Canadian income tax purposes. For non-resident shareholders, Pembina's common share dividends should be considered "qualified dividends" and may be subject to Canadian withholding tax.

Pembina Pipeline Corporation is a Calgary based transportation and midstream service provider that has been serving North America's energy industry for over 60 years. Pembina owns an integrated system of pipelines that transport various hydrocarbon liquids and natural gas products produced primarily in western Canada. Company has a market cap of $22 billion and approximately 506 million shares outstanding.

Petro-Victory Energy Corp. (VRY:TSX) announced on September 11th that following successful participation and bidding in the Agencia Nacional do Petroleo Gas Natural e Biocombustiveis of Brazil Oferta Permanente 1 held in Rio de Janeiro, Brazil on September 10 2019, Petro-Victory has been awarded 16 new oil concessions in the oil prolific Potiguar Basin of Brazil.

This new acquisition will increase the Petro-Victory Brazil portfolio to 25 oil concessions and represents a 250% increase in acreage. The 16 new oil concessions represent 116,904 acres and are located adjacent to Petro-Victory's operating infrastructure at the Andorinha and Alto Alegre oil fields. The closure and signing date for the 16 oil concessions is expected in Q1 2020, with the initial signature bonus payable on completion estimated to be $0.909 million.

Petro-Victory Energy Corp is a Calgary based international exploration and production company. The company invests in petroleum and natural gas exploration and other energy activities in Latin America. Its projects include Pirity Block. Company has a market cap of $3.6 million and approximately 238 million shares outstanding.

Point Loma Resources Ltd. (PLX:TSX) announced on that it has entered into an agreement with Mackie Research Capital Corporation, as sole agent and sole bookrunner to a private placement basis to raise aggregate gross proceeds to the Corporation of up to approximately $1,500,000. The closing of the Offering is expected to occur on or about September 30, 2019.

Point Loma Resources Ltd. is a Calgary based oil and gas exploration and development company focused on conventional and unconventional oil and gas reservoirs in west central Alberta. Company has a market cap of $13.9 million and approximately 63 million shares outstanding.

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Alvopetro Energy Ltd. (ALV:TSXV) announced on September 12th an operational update on our Caburé Midstream Project consisting of our 11-kilometre transfer pipeline and our gas treatment facility.

Construction of the Transfer Pipeline commenced with right of way preparation in May 2019. Line pipe has been laid out along 71% of the right of way. Over 42% of the pipe has now been welded and 14% has been installed and buried. The Transfer Pipeline is expected to be completed in the fourth quarter of 2019.

Company's Gas Treatment Facility is being constructed by Enerflex Ltd. where they will construct, own and operate the Facility. Enerflex is responsible for all operations and maintenance of the Facility and is warrantying the delivery schedule and on-stream performance of the Facility. All of the processing skids for the Facility have now arrived in Brazil and the majority have cleared customs and are at the field staging area. Enerflex has commenced field work for the installation of the processing skids.

Alvopetro Energy Ltd. is an International oil and gas company with offices in Calgary and operations in Brazil. Company has a market cap of $35 million and approximately 97 million shares outstanding.

Kinder Morgan Canada Limited (KML :TSX) announced on September 12th that its parent company, Kinder Morgan, Inc., intends to participate in the JPMorgan U.S. All Stars Conference in London Tuesday, September 17, 2019 and other investor meetings hosted by UBS in London, Geneva, Zurich and Milan Wednesday through Friday, September 18-20, 2019 to discuss the business and affairs of KMI, which may include discussion of KML's business.

Kinder Morgan Canada Limited is a Calgary based company focused on stable, fee-based energy transportation and storage assets that are central to the energy infrastructure of Western Canada. Company has a market cap of $514 million and approximately 35 million shares outstanding.

Pembina Pipeline Corporation (PPL:TSX) announced on September 12th that it has closed its previously announced offering of $1.5 billion of senior unsecured medium-term notes. Offering was conducted in three tranches consisting of $600 million principal amount of senior unsecured medium-term notes.

The net proceeds will be used to repay short-term indebtedness of the company under its unsecured $1.0 billion non-revolving term loan due March 2021, as well as to fund Pembina's capital program and for general corporate purposes.

Pembina Pipeline Corporation is a Calgary based transportation and midstream service provider that has been serving North America's energy industry for over 60 years. Pembina owns an integrated system of pipelines that transport various hydrocarbon liquids and natural gas products produced primarily in western Canada. Company has a market cap of $22 billion and approximately 506 million shares outstanding.

Jadestone Energy Inc. (JSE:TSXV) announced on September 12th that on September 11, 2019, Iain McLaren, a Non-executive Director of Jadestone, acquired a total of 50,000 common shares of no par value at a price of GBp 48.39 per share, for a total cost of £24,195. In addition, Mr. McLaren effected a transfer of a further 112,870 shares from a trading account to a pension account by way of separate sale and purchase transactions. Mr. McLaren holds 162,870 ordinary shares, which represents a total of 0.04% of the Company's issued share capital.

Jadestone Energy Incorporated is a Singapore based oil and gas company. It has operations and assets in Australia, Vietnam and Philippines. Company has a market cap of $396 million and approximately 461 million shares outstanding.

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Kinder Morgan Canada Limited (KML:TSX) announced that it has agreed with Pembina Pipeline Corporation to amend and restate the previously announced arrangement agreement dated August 20, 2019 to include the preferred shares of KML in the arrangement transaction.

Upon closing of the transaction, each outstanding KML preferred share of a series will be exchanged for a preferred share of Pembina with the same commercial terms and conditions as that series of KML preferred shares.

The board of directors of KML has unanimously approved the amendments to the proposed transaction and recommends that holders of KML preferred shares vote in favor of the arrangement.

Kinder Morgan Canada Limited is a Calgary based company focused on stable, fee-based energy transportation and storage assets that are central to the energy infrastructure of Western Canada. Company has a market cap of $514 million and approximately 35 million shares outstanding.

Pembina Pipeline Corporation (PPL:TSX) announced that it has agreed with Kinder Morgan Canada Limited to amend and restate the previously announced arrangement agreement dated August 20, 2019.

Upon closing of the transaction, each outstanding KML preferred share of a series will be exchanged for one preferred share of Pembina with the same commercial terms and conditions as that series of KML preferred shares.

Further information regarding the Transaction will be contained in a proxy statement of KML that it will prepare, file and mail to its shareholders in due course in connection with KML voting and preferred special shareholders meetings.

Pembina Pipeline Corporation is a Calgary based transportation and midstream service provider that has been serving North America's energy industry for over 60 years. Pembina owns an integrated system of pipelines that transport various hydrocarbon liquids and natural gas products produced primarily in western Canada. Company has a market cap of $22 billion and approximately 506 million shares outstanding.

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Pembina Pipeline Corporation (PPL:TSX) announced that its Board of Directors declared a common share cash dividend for September 2019 of $0.20 per share to be paid, subject to applicable law, on October 15, 2019 to shareholders of record on September 25, 2019.

This dividend is designated an "eligible dividend" for Canadian income tax purposes. For non-resident shareholders, Pembina's common share dividends should be considered "qualified dividends" and may be subject to Canadian withholding tax.

Pembina Pipeline Corporation is a Calgary based transportation and midstream service provider that has been serving North America's energy industry for over 60 years. Pembina owns an integrated system of pipelines that transport various hydrocarbon liquids and natural gas products produced primarily in western Canada. Company has a market cap of $22 billion and approximately 506 million shares outstanding.

Petro-Victory Energy Corp. (VRY:TSX) announced on September 11th that following successful participation and bidding in the Agencia Nacional do Petroleo Gas Natural e Biocombustiveis of Brazil Oferta Permanente 1 held in Rio de Janeiro, Brazil on September 10 2019, Petro-Victory has been awarded 16 new oil concessions in the oil prolific Potiguar Basin of Brazil.

This new acquisition will increase the Petro-Victory Brazil portfolio to 25 oil concessions and represents a 250% increase in acreage. The 16 new oil concessions represent 116,904 acres and are located adjacent to Petro-Victory's operating infrastructure at the Andorinha and Alto Alegre oil fields. The closure and signing date for the 16 oil concessions is expected in Q1 2020, with the initial signature bonus payable on completion estimated to be $0.909 million.

Petro-Victory Energy Corp is a Calgary based international exploration and production company. The company invests in petroleum and natural gas exploration and other energy activities in Latin America. Its projects include Pirity Block. Company has a market cap of $3.6 million and approximately 238 million shares outstanding.

Point Loma Resources Ltd. (PLX:TSX) announced on that it has entered into an agreement with Mackie Research Capital Corporation, as sole agent and sole bookrunner to a private placement basis to raise aggregate gross proceeds to the Corporation of up to approximately $1,500,000. The closing of the Offering is expected to occur on or about September 30, 2019.

Point Loma Resources Ltd. is a Calgary based oil and gas exploration and development company focused on conventional and unconventional oil and gas reservoirs in west central Alberta. Company has a market cap of $13.9 million and approximately 63 million shares outstanding.

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AltaGas Ltd. (ALA:TSX) announced on September 10th that the September dividend will be paid on October 15, 2019, to common shareholders of record on September 25, 2019. The ex-dividend date is September 24, 2019. The amount of the dividend will be $0.08 for each common share. This dividend is an eligible dividend for Canadian income tax purposes.

AltaGas Ltd is a Calgary based company which owns and operates a diversified basket of energy infrastructure businesses. Company has a market cap of $3.9 billion and approximately 273 million shares outstanding.

Encana Corporation (ECA:TSX) announced on September 10th changes to its Executive Leadership Team, including the promotion of Michael McAllister to president, Brendan McCracken to executive vice president – corporate development and external relations and Greg Givens to chief operating officer. These changes are effective immediately.

Doug Suttles, Encana's chief executive officer commented, “We are fortunate to have a 'deep bench' at Encana and have worked to create a unique culture focused on constant innovation and operational excellence. I am excited about their new roles and am confident that they will create value for our owners on the road ahead."

Encana Corporation is a Calgary based energy company focused on developing its resources plays in North America. Company has a market cap of $14.8 billion and approximately 1.5 billion shares outstanding.

Inter Pipeline Ltd. (IPL:TSX) announced the declaration of a cash dividend of $0.1425 per share for September 2019. This dividend will be paid on or about October 15, 2019 to shareholders of record on September 23, 2019. This dividend is designated as an "eligible dividend" for Canadian tax purposes.

Inter Pipeline Ltd. is a major petroleum transportation, natural gas liquids processing, and bulk liquid storage business based in Calgary, Alberta. Company has a market cap of $8.9 billion and approximately 407 million shares outstanding.

Obsidian Energy Ltd. (OBE:TSX) announced on October 10th that the Board of Directors has determined that it is in the best interest of the company and its stakeholders to initiate a formal process to explore strategic alternatives.

This process is intended to evaluate the company's strategic options and alternatives to maximize shareholder value. Such strategic alternatives may include, but are not limited to, a corporate sale, merger or other business combination, a disposition of all or a portion of the company's assets, a recapitalization, refinancing of its capital structure, or any combination of the foregoing.

Obsidian Energy is a Calgary based oil and gas producer with strategic assets in Alberta. Company is primarily focused on the development of its largest, light oil Cardium asset. In 2017 Obsidian Energy underwent a formal name change from Penn West Petroleum. Company has a market cap of $231 million and approximately 507 million shares outstanding.

Pembina Pipeline Corporation (PPL:TSX) announced that it has agreed to issue $1.5 billion of senior unsecured medium-term notes . The offering will be conducted in three tranches consisting of $600 million in senior unsecured medium-term notes, series 14 having a fixed coupon of 2.56% per annum, paid semi-annually, and maturing on June 1, 2023; $600 million in senior unsecured medium-term notes, series 15 having a fixed coupon of 3.31% per annum, paid semi-annually, and maturing on February 1, 2030; and $300 million principal amount to be issued through a re-opening of the company's 4.54% medium-term notes, series 13, due April 3, 2049.

Pembina Pipeline Corporation is a Calgary based transportation and midstream service provider that has been serving North America's energy industry for over 60 years. Pembina owns an integrated system of pipelines that transport various hydrocarbon liquids and natural gas products produced primarily in western Canada. Company has a market cap of $22 billion and approximately 506 million shares outstanding.

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Baytex Energy Corp (BTE:TSX) announced on September 9th a corporate update and board appointment. Company reported that strong operating performance has continued across our asset base during the third quarter. Despite the volatility in crude oil prices, company continued to drive capital efficiencies across its business, deliver stable production and meaningful free cash flow.

Company is now forecasting average production for 2019 of approximately 97,000 boe/d (83% oil and NGL). This compares to company's original guidance range for 2019 of 93,000 to 97,000 boe/d, which was recently tightened to 96,000 to 97,000 boe/d.

The Board of Directors is pleased to announce the appointment of Jennifer Maki as a director of Baytex Energy. Ms. Maki served as Chief Executive Officer of Vale Canada and Executive Director of Vale SA, Base Metals (2014 to 2017) and previously held several other positions with Vale Base Metals, including Chief Financial Officer & Executive Vice-President (2007-2014) and Vice-President & Treasurer, and with Inco Limited as Assistant Controller.

Baytex Energy Corp is a Calgary based company engaged in the exploration for and production of heavy crude oil, light crude oil, and natural gas in Alberta, Saskatchewan, British Columbia, and South Texas. Company has a market cap of $1.06 billion and approximately 558 million shares outstanding.

Emerald Bay Energy Inc. (EBY:TSX) announced on September 9th that HugoCellr Ltd. has assumed the full interest of Cotulla Energy Resources Ltd. in the Isabella #2 well. Cotulla’s focus to date was the Navarro formation at approximately 6,100 feet, and extensive testing did not yield commercial viability in that formation.

Prior to testing the Navarro formation for Cotulla, Emerald Bay had found commercially viable results in the Buda formation at 8,300 feet. The company and Hugo are now planning the next steps of going back downhole to resume testing the Buda and Basal Austin Chalk formations, as well as the company’s primary target Eagle Ford formation.

Under terms of the partnership agreement, HugoCellr will pay 100 percent of the Isabella costs to earn a 75 percent interest with Emerald Bay retaining a 25 percent interest.

Emerald Bay Energy Inc. is a Calgary based energy company with oil producing properties in southwest Texas as well as non-operated oil and natural gas interests in Central Alberta. Company has a market cap of $4.2 million and approximately 277 million shares outstanding.

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Enbridge Inc. (ENB:TSX) announced an update today on the Canadian Mainline open season regulatory process. On August 2, 2019, Enbridge commenced an open season, offering firm capacity on its crude oil Mainline system, effective upon expiry of the Competitive Toll Settlement that is in place until July 1, 2021. The open season is the first stage of Enbridge determining whether there is sufficient commercial interest for its offering to provide priority access on the Mainline for terms of 8 – 20 years.

Since embarking on the open season, certain parties, including shippers and non-shippers, have filed letters and an application to the Canada Energy Regulator (CER) requesting among other things that the CER declare that Enbridge may not offer contract carriage on the Mainline system until the terms, conditions and tolls of the contract offering are approved by the CER, and if it is not possible for the CER to issue such a decision by September 18, 2019, that it stay the open season pending a decision.

Enbridge believes that its open season is entirely appropriate and consistent with a well-established practice of ensuring commercial support before seeking regulatory approval, a view that is shared by a range of customers who have submitted letters to the CER today. These letters indicate support for contract carriage on the Mainline, acknowledge Enbridge's willingness to negotiate the terms and conditions of service in developing the open season offering.

Enbridge Inc. is a Calgary based energy generation, distribution, and transportation company in the U.S. and Canada. Its pipeline network consists of the Canadian Mainline system, regional oil sands pipelines, and natural gas pipelines. Company has a market cap of 83 million and approximately 1.9 million shares outstanding.

Point Loma Resources Ltd. (PLX:TSXV) announced production test results for the Wizard Lake HZ 1-8-48-27W4 Rex oil pool delineation well. Test rate for the Rex horizontal oil well over the last 24 hours of the test period to 3pm September 4, 2019 was approximately 350 barrels of 18.5 API oil per day (bopd) and 700 barrels of oil equivalent per day.

The well was the first of a two well farm-out at Wizard Lake where Salt Bush Energy Ltd. (“Salt Bush”) will incur 100% of the costs to drill, complete and equip up to two wells - see May 29, 2019 press release. Point Loma’s working interest in the delineation well will be 25% before payout and 60% after payout.

Point Loma Resources Limited is a Calgary based oil and gas company with assets and operations in west central Alberta. Company has a market cap of $12 million and approximately 63 million shares outstanding.

TAG Oil Ltd. (TAO:TSXV) announced on September 6th an update on the sale of its New Zealand assets to Tamarind Resources Pte. Ltd. TAG and Tamarind have mutually agreed to extend the closing date of the transaction under the share and asset purchase agreement. All necessary approvals have been granted and TAG and Tamarind are working on the final items necessary to close the transaction.

Both TAG and Tamarind are committed to completing the sale and are continuing to work diligently to close the transaction within in a timely manner. TAG will provide further updates in due course as it progresses to the final close of the transaction.

TAG Oil Ltd is a Calgary based Canadian oil and gas exploration, development and production company. It operates through three geographical segments including Canada, New Zealand, and Australia. Company has a market cap of $29 million and approximately 85 million shares outstanding.

Valeura Energy Inc. ( VLE:TSX) announced a successful natural gas flow test from the second stimulated zone in the Inanli-1 appraisal well. Valeura and its partner Equinor decided to add an additional test zone to the Inanli-1 work program.

A second test has now concluded and the company is currently preparing the well for the stimulation and testing of the third zone of interest. Testing in Inanli-1 is expected to extend into in Q4 2019 with all tests fully funded by Equinor.

Valeura Energy Inc. is a Calgary based company currently engaged in the exploration, development and production of petroleum and natural gas in Turkey. Company has a market cap of $262 million and approximately 86 million shares outstanding.

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CruzSur Energy Corp. (CZR:TSXV) announced on September 5th that it has received a natural gas purchase offer for the Maria Conchita field in Colombia from Energy Transitions SAS ESP. This is a binding offer to purchase the natural gas delivered at the well head for 10 years. With this agreement, Energy Transitions SAS ESP will install the treatment facilities at its own risk and infrastructure necessary to transport the gas according to the adopted monetization scheme (CNG, LNG, Gas to Power, pipeline, etc.) and will have the right of first purchase option for any gas that CruzSur and/or its affiliates produces in their other blocks such as SN-9 and Tiburon.

Energy Transitions SAS ESP partners have more than 17 years of experience in the development of natural gas businesses in Colombia, in applications such as CNG, LNG, Gas to Power, NGV and gas pipelines. Currently, this company has strategic allies to develop projects in a short term and under the fulfillment of all the technical and quality standards required by the Oil & Gas Industry.

CruSur Energy Corporation is a Vancouver based international oil and gas company with operations and assets in Argentina and Columbia. Company has a market cap of $6.5 million and approximately 23 million shares outstanding.

Inter Pipeline Ltd. (IPL:TSX) announced that it is empowering women to pursue careers in industrial trades is the objective of a new three-year partnership between Inter Pipeline Ltd. and Women Building Futures.

Inter Pipeline is investing $580,000 to support WBF in raising awareness and providing pre-apprenticeship training to women in Alberta's Heartland area. This training is offered through WBF's Journeywoman Start program, a 17-week classroom and hands-on pre-apprenticeship training program that introduces students to six different industrial trades.

Inter Pipeline Ltd. is a major petroleum transportation, natural gas liquids processing, and bulk liquid storage business based in Calgary, Alberta. Company has a market cap of $8.9 billion and approximately 407 million shares outstanding.

ShaMaran Petroleum Corp. (SNM:TSX) announced on September 5th that it will be presenting at the Pareto Securities Oil & Offshore investor conference in Oslo, Norway on Wednesday, September 11, 2019. A copy of the presentation will be available on ShaMaran's website.

ShaMaran Petroleum Corp. is a Vancouver based international company. It is a Kurdistan focused oil development and exploration company with interests in the Atrush oil discovery. Company has a market cap of $184 million and approximately 2.2 billion shares outstanding.

 

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