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Pilgrim Petroleum Completes Acquisition of Controlling Interest Oil and Gas Assets

October 20, 2016 |
Pilgrim Petroleum PLC a private company and subsidiaries, an independent oil and gas company, has completed its acquisition of a 79% controlling interest in the announced acquisition of Bakken, Eagle Ford and Woodford Shale assets for approximately $330 million net of customary closing adjustments. The assets include approximately 210,000 acres  … Read More

Irving Oil Announces Successful Commission of its Halifax Harbour Terminal

October 20, 2016 | Irving Oil today announced the grand opening of its Halifax Harbour Terminal, located in Dartmouth, Nova Scotia.

As quoted in the press release:

The $80 million reactivation project involved significant investment in existing assets on site, including storage facilities, loading equipment, jetty, and supporting infrastructure.

“This is a great day for our company.  … Read More

TAG Oil Updates Recent Operational Activities

September 29, 2016 | Oil and gas exploration and production company, TAG Oil (TSX:TAO), has provided an update on its operations in the Taranaki Basin of New Zealand.

According to the press release:
Sidewinder Production (100% TAG)

As reported in TAG’s August 15, 2016 press release, a low-cost recompletion to an existing wellbore at Sidewinder demonstrated the  … Read More

Bankers Petroleum Announces Closing of Plan of Arrangement Transaction

September 29, 2016 | Bankers Petroleum (TSX:BNK) announced the closing of its plan of arrangement with affiliates of Geo-Jade Petroleum Corporation.

According to the press release:
Pursuant to the Arrangement, Geo-Jade has acquired all the issued and outstanding common shares of Bankers (the “Bankers Shares”) through its affiliates for a cash price of C$2.20 per Bankers  … Read More