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Oil and Gas News

Politicians just don’t get it on Kinder Morgan
May 18, 2018 (Investorideas.com Newswire) The Canadian Constitution couldn't be clearer about who controls pipelines that cross provincial boundaries - as in Kinder Morgan's proposal to twin an existing pipeline that runs from Edmonton to Burnaby, BC.

Texas Small-Cap Reports Orogrande Horizontal Well Stimulation Success as It Acquires Additional Acreage
May 17, 2018 (Investorideas.com Newswire) An independent small-cap Texas oil company moves forward with oil production in the Orogrande and continues to grow by adding property in the Delaware Basin.

IEA: High Oil Prices "Taking A Toll" On Demand
May 17, 2018 (Investorideas.com Newswire) Geopolitics has taken over the oil market, driving oil prices up to three-year highs.

Explorer Discovers Lithium Deposit in Nevada
May 16, 2018 (Investorideas.com Newswire) One of the largest deposits of lithium in North America appears to be extraction friendly.

Prospects of Small-Cap Texas Energy Company Increase as the Price of Oil Rises
May 16, 2018 (Investorideas.com Newswire) This small-cap energy firm's Permian Basin drilling and testing have been showing good results, and the company has just started.

Earnings Alert for #Energy and #Infrastructure Stock Enterprise Group (TSX: $E.TO) @EnterpriseGrp; Q1/2018 eps $0.06 vs. Q1/2017 eps ($0.02)
May 16, 2018 (Investorideas.com Newswire) Earnings commentary - Enterprise Group (TSX:E) has experienced almost four years of share price consolidation, following the vicious 2014 resource sector decline.

Potential Russian Law Restricting Uranium Exports to US Is Bullish for American Producers
May 14, 2018 (Investorideas.com Newswire) A potential Russian backlash to U.S. sanctions could be a boon to U.S. uranium producers.

Enterprise Group (E: $TSX.TO) Q1/2018 eps $0.06 vs. Q1/2017 eps ($0.02).
May 15, 2018 (Investorideas.com Newswire) Enterprise Group (TSX:E) has experienced almost four years of share price consolidation, following the vicious 2014 resource sector decline.

CSE New Listing - Permex Petroleum Corporation (OIL); @CSE_News
May 14, 2018 (Investorideas.com Newswire) The common shares of Permex Petroleum Corporation have been approved for listing on the CSE.

Advantagewon Oil (CSE: AOC) (OTCQB: ANTGF) Adds Additional Well and Provides Production Update
Toronto, Ontario - May 14, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Advantagewon Oil Corp. (CSE: AOC) (OTCQB: ANTGF) (the "Corporation", "Advantagewon", "AOC") provides this update with respect to the three wells brought back to production announced last week.

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Oil and Gas News from Globe Newswire

Petroteq Energy Announces Proposed Issuance of Securities

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN.

STUDIO CITY, Calif., May 18, 2018 (GLOBE NEWSWIRE) -- Petroteq Energy Inc. (the “Company”) (TSXV:PQE) (OTC:PQEFF) (Frankfurt:PQCF), announces a correction to the subscriptions received for common shares which was announced on May 7, 2018. The Company has received irrevocable subscriptions from five arm’s length party’s for an aggregate of 346,322 common shares for gross proceeds of an aggregate US$205,000.

In addition, the Company has now received an additional irrevocable subscription from another arm’s length party for 212,766 common shares for gross proceeds of US$100,000. The net proceeds will be used by the Company for use on its extraction technology in Asphalt Ridge, Utah, and for working capital.

The Company has also entered into a shares for debt agreement, pursuant to which it will issue 25,000 common shares in satisfaction of US$17,500 of indebtedness currently owed to an arm’s length service provider.

Closing of the transactions are subject to all applicable director and TSX Venture Exchange approvals, and all shares issued will be subject to a four month hold period from the date of issuance.

About Petroteq Energy Inc.

Petroteq is a fully integrated oil and gas company focused on the development and implementation of a new proprietary technology for oil extraction. The Company has an environmentally safe and sustainable technology for the extraction of heavy oils from oil sands, oil shale deposits and shallow oil deposits. Petroteq is engaged in the development and implementation of its patented environmentally friendly heavy oil processing and extraction technologies. Our proprietary process produces zero greenhouse gas, zero waste and requires no high temperatures. Petroteq is currently focused on developing its oil sands resources and expanding production capacity at its Asphalt Ridge heavy oil extraction facility located near Vernal, Utah. The Company also owns a minority stake in an exploration and production play located in southwest Texas held by Accord GR Energy Inc. In addition, the Company, through its wholly owned subsidiary PetroBLOQ, LLC, is seeking to develop the first blockchain based platform created exclusively for the supply chain needs of the oil & gas sector. For more information, visit www.Petroteq.energy and PetroBLOQ.com.

Forward-Looking Statements

Certain statements contained in this news release contain forward-looking statements within the meaning of the U.S. and Canadian securities laws. Words such as “may”, “would”, “could”, “should”, “potential”, “will”, “seek”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions as they relate to the Company, including completion of the transactions contemplated herein, are intended to identify forward-looking information. All statements other than statements of historical fact may be forward-looking information. Such statements reflect the Company’s current views and intentions with respect to future events, based on information available to the Company, and are subject to certain risks, uncertainties and assumptions. Material factors or assumptions were applied in providing forward-looking information, including, the subscribers delivering the subscription proceeds, and the Company receiving all applicable director and TSX Venture Exchange approvals of the transactions. While forward-looking statements are based on data, assumptions and analyses that the Company believes are reasonable under the circumstances, whether actual results, performance or developments will meet the Company’s expectations and predictions depend on a number of risks and uncertainties that could cause the actual results, performance and financial condition of the Company to differ materially from its expectations.

Certain of the “risk factors” that could cause actual results to differ materially from the Company’s forward-looking statements in this press release include, without limitation: the subscribers not delivering the subscription proceeds; the TSX Venture Exchange or the directors of the Company not approving one or more of the transactions; changes in laws or regulations; the ability to implement business strategies or to pursue business opportunities, whether for economic or other reasons; status of the world oil markets, oil prices and price volatility; state of capital markets and ability by the Company to raise capital; litigation; the commercial and economic viability of the Company’s oil sands hydrocarbon extraction technology, the SWEPT technology, the S-BRPT technology, and other proprietary technologies developed or licensed by the Company or by Accord which are of experimental nature and have not been used at full capacity for an extended period of time; reliance on suppliers, contractors, consultants and key personnel; the ability of the Company and Accord to maintain their respective mineral lease holdings; potential failure of the Company’s business plans or model; the nature of oil and gas production and oil sands mining, extraction and production; uncertainties in exploration and drilling for oil, gas and other hydrocarbon-bearing substances; unanticipated costs and expenses, availability of financing and other capital; potential damage to or destruction of property, loss of life, and environmental damage; risks associated with compliance with environmental protection laws and regulations; uninsurable or uninsured risks; potential conflicts of interest of officers and directors; and other general economic, market and business conditions and factors, including the risk factors discussed or referred to in the Company’s disclosure documents filed with the securities regulatory authorities in certain provinces of Canada and available at www.sedar.com.

Should any factor affect the Company in an unexpected manner, or should assumptions underlying the forward-looking information prove incorrect, the actual results or events may differ materially from the results or events predicted. Any such forward-looking information is expressly qualified in its entirety by this cautionary statement. Moreover, the Company does not assume responsibility for the accuracy or completeness of such forward-looking information. The forward-looking information included in this press release is made as of the date of this press release and the Company undertakes no obligation to publicly update or revise any forward-looking information, other than as required by applicable law.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

The securities referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements. This news release does not constitute an offer for sale of securities, nor a solicitation for offers to buy any securities. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the company and management, as well as financial statements.

Petroteq Energy Inc.
Alex Blyumkin
Executive Chairman
Tel: (800) 979-1897

DNO Completes USD 400 Million Bond Placement

18 May 2018 - DNO ASA, the Norwegian oil and gas operator, has completed the private placement of USD 400 million of new, five-year senior unsecured bonds to be issued at 100 percent of par with a coupon rate of 8.75 percent. The bond placement received strong investor demand across international markets and was oversubscribed.

The bond issue is expected to be settled on or about 31 May 2018, subject to customary conditions precedent. An application will be made for the bonds to be listed on the Oslo Stock Exchange. In connection with the bond placement, the Company has agreed to roll over USD 200 million in nominal value of DNO01 bonds (ISIN: NO0010740392) at 103.25 percent of par plus accrued interest into the new bond. The rolled over bonds will be canceled and USD 200 million of outstanding DNO01 bonds will remain. Net proceeds from the new bonds will be used towards refinancing the outstanding DNO01 bonds and for general corporate purposes.

Pareto Securities AS acted as lead manager and bookrunner with Danske Bank and SpareBank 1 Markets AS as co-managers and bookrunners.

--

For further information, please contact:
Media: media@dno.no
Investors: investor.relations@dno.no
Tel: +47 911 57 197

--

DNO ASA is a Norwegian oil and gas operator focused on the Middle East and the North Sea. Founded in 1971 and listed on the Oslo Stock Exchange, the Company holds stakes in onshore and offshore licenses at various stages of exploration, development and production in the Kurdistan region of Iraq, Norway, Oman, Somaliland, Tunisia, the United Kingdom and Yemen.

--

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

--

This release does not constitute any offer or solicitation to sell or purchase any securities. 

The release may not be released, published or distributed in the United States of America or any other jurisdiction where release, publication or distribution would be prohibited or require any registration or filing acts or similar.

CGG : The Appeals Court of Paris upholds the ruling of the Commercial Court of Paris that approved CGG's safeguard plan

Paris, France - May 18, 2018

CGG announces that the approval of its safeguard plan by the Commercial Court of Paris on December 1st 2017 was upheld by a ruling rendered today by the Appeals Court of Paris, seized by a group of Convertible Bondholders that had launched a recourse against the draft plan.

 

 

"Senior Notes" means, together, (i) the high yield notes, bearing interest at a rate of 5.875% and maturing in 2020, issued by the Company on 23 April 2014, (ii) the high yield notes, bearing interest at a rate of 6.5% and maturing in 2021, issued by the Company on 31 May 2011, 20 January 2017 and 13 March 2017, and (iii) the high yield notes, bearing interest at a rate of 6.875% and maturing in 2022, issued by the Company on 1 May 2014;

"Convertible Bonds" means, together, (i) the convertible bonds (obligations à option de conversion et/ou d'échange en actions nouvelles ou existantes), bearing interest at a rate of 1.75% and maturing on 1 January 2020, issued by the Company on 26 June 2015, and (ii) the convertible bonds (obligations à option de conversion et/ou d'échange en actions nouvelles ou existantes), bearing interest at a rate of 1.25% and maturing on 1 January 2019, issued by the Company on 20 November 2012.

 

About CGG

CGG (www.cgg.com) is a fully integrated Geoscience company providing leading geological, geophysical and reservoir capabilities to its broad base of customers primarily from the global oil and gas industry. Through its three complementary businesses of Equipment, Acquisition and Geology, Geophysics & Reservoir (GGR), CGG brings value across all aspects of natural resource exploration and exploitation. CGG employs more than 5,300 people around the world, all with a Passion for Geoscience and working together to deliver the best solutions to its customers.

CGG is listed on the Euronext Paris SA (ISIN: 0013181864) and the New York Stock Exchange (in the form of American Depositary Shares. NYSE: CGG).

 

 


Contacts

Group Communications 
Christophe Barnini
Tel: + 33 1 64 47 38 11
E-Mail: : invrelparis@cgg.com

 
Investor Relations
Catherine Leveau
Tel: +33 1 64 47 34 89
E-mail: : invrelparis@cgg.com

 

Attachment

Regarding conclusion of long-term loan agreement

On 18 May 2018, AB Amber Grid and OP Corporate Bank plc Lithuania Branch concluded a 5-year maturity agreement on EUR 30 million loan. The funds will be used to refinance financial liabilities and for the working capital needs. Interest rate of the loan - fluctuated linked with 6-month EURIBOR.

The individual authorised by AB Amber Grid (the issuer) to provide additional information on the material event:

Gytis Fominas
Director of Finance Department
tel. +370 5 232 7720
fax +370 5 236 0850
e-mail: g.fominas@ambergrid.lt

High Arctic Announces Appointments of New Director and Chief Financial Officer

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.  ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW

CALGARY, Alberta, May 18, 2018 (GLOBE NEWSWIRE) -- High Arctic Energy Services Inc. (TSX:HWO) (“High Arctic” or the “Company”) is pleased to announce that Mr. J. Cameron Bailey, CEO of High Arctic, has been appointed to High Arctic’s board of directors effective today.  Mr. Bailey joined High Arctic as Chief Executive Officer on November 27, 2017.  He has had extensive experience as a founder, senior executive and board member managing the Canadian and international operations of oil field service companies including being the founder and Chairman of an oil field services company operating in Canada and the United States.

As previously announced Mr. James (Jim) Hodgson has been appointed High Arctic’s Chief Financial Officer, effective today.  Most recently Mr. Hodgson was a director of High Arctic and Audit Committee Chairman.  He is a seasoned corporate executive with considerable experience as Chief Financial Officer of several resource companies operating in Canada and internationally.

Michael Binnion, Chairman of the Board commented “I am pleased to welcome Cam to the High Arctic board and am confident he will help to continue to deliver on High Arctic’s development and profitable growth.  His experience and skills are well suited to further the Corporation’s focus on business development through both organic growth and acquisitions.”

About High Arctic

High Arctic is a publicly traded company listed on the Toronto Stock Exchange under the symbol “HWO”.  The Corporation’s principal focus is to provide drilling and specialized well completion services, equipment rentals and other services to the oil and gas industry.

High Arctic is a market leader providing drilling and specialized well completion services and supplies rig matting, camps and drilling support equipment on a rental basis in Papua New Guinea.  The Canadian operation provides well servicing, well abandonment, snubbing and nitrogen services and equipment on a rental basis to a large number of oil and natural gas exploration and production companies operating in Western Canada. 

    
For more information, please contact:               
    
J. Cameron Bailey         Jim Hodgson
Chief Executive Officer  Chief Financial Officer
Phone: (587) 318-3826  Phone: (587) 318-2218
Email: cam.bailey@haes.ca   Email: jim.hodgson@haes.ca

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Oil and Gas Stocks Investor Resources

Oil and Gas Stocks Directory Preview

Large cap and junior small cap energy stocks on all exchanges including NYSE, NASDAQ, OTC, TSX, TSX Venture, ASX, AIM and global stock exchanges - over 700 stocks

3D Oil Limited ( ASX.TDO.AX ) formation was motivated by an initial focus on the Gippsland Basin which has been one of the most prolific oil and gas producing region in Australia. The Company's strategy is to target a combination of favourable technical and commercial considerations and exploit niche positions. 3D Oil currently has interests in exploration permits in the offshore Gippsland and Otway Basins of South East Australia.

49 North Resources Inc. ( TSX:FNR.V ) is a Saskatchewan focused resource investment company with strategic operations in financial, managerial and geological advisory services and merchant banking. Our diversified portfolio of assets includes direct project involvement in the resource sector, as well as investments in shares and other securities of junior and intermediate mineral and oil and gas exploration companies.

88 Energy Limited ( LSE:88E.L ) (Formerly Tangiers Petroleum Ltd.) is an exploration company that has acquired ~100,000 acres, onshore Alaska, in a world class exploration asset targeting liquids rich conventional and unconventional plays.

Abraxas Petroleum Corporation ( NasdaqCM:AXAS ) is a San Antonio based crude oil and natural gas exploration and production company with operations across the Rocky Mountain, Permian Basin and onshore Gulf Coast regions of the United States.

ACTIVENERGY INCOME TRUST UNITS ( TSX:AEU-UN.TO ) invests in a diversified portfolio of dividend paying energy companies operating in Canada and the U.S. To provide further diversification, the Fund also invests in oil and gas exploration and development companies as well as oil sands common stocks.

Adams Resources And Energy ( NYSE MKT:AE ) through its subsidiaries, is engaged in the business of marketing crude oil, tank truck transportation of liquid chemicals; and oil and gas exploration and production.

Adira Energy Ltd. ( TSX:ADL.V ) is an oil and gas company which is focused in the Eastern Mediterranean. The Company has one petroleum exploration licenses offshore Israel; the Yitzhak license, located 17 km offshore between Hadera and Netanya.

ADX Energy ( ASX:ADX.AX ) is an Australian Stock Exchange (ASX) listed oil and gas exploration and appraisal company. ADX operates four oil and gas permits in North Africa and Europe. The company is headquartered in Perth, Western Australia with additional offices operating out of Baden (Austria), Tunis (Tunisia) and Bucharest (Romania).

Africa Oil Corp . ( TSX:AOI.TO ) is a Canadian oil and gas company with assets in Kenya and Ethiopia, and an equity interest in Africa Energy Corp.

Aker Solutions ( Oslo:AKSO.OL ) is a global provider of products, systems and services to the oil and gas industry. Its engineering, design and technology bring discoveries into production and maximize recovery. The company employs approximately 16,000 people in about 20 countries.

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