Headlines for March 29, 2017

  1. Total M&A Value Increased 53 Per Cent In 2016

    The level of merger and acquisition (“M&A”) activity in the Canadian oil industry in 2016, measured by the total enterprise value of transactions (both large and small deals), increased 53% from the $16.0 billion recorded in 2015, rising to $24.5 billion.

  2. Savanna Ends Share Agreement With Western

    Responding to recent events, including the acquisition of control by Total Energy Services Inc., Savanna Energy Services Corp. has ended an agreement with Western Energy Services Corp.

  3. Technology Can Take The Bad News Out Of Canadian Oil And Gas

    Canada has a good news — bad news story to tell the world about its rich hydrocarbon resources, but through innovation including the use of technologies such as photonics, nanotechnology, genomics, artificial intelligence and robotics, the good news will overwhelm the bad in the future.

  4. Rife Resources Ltd. Property Divestiture

    Sayer Energy Advisors has been engaged to assist Rife Resources Ltd. (“Rife” or the “Company”) with the sale of its oil and natural gas properties located in the Wilson Creek and Buck Lake areas of Alberta.

  5. Steelhead Mulling Pipeline Options For Moving Gas

    While a final investment decision is still two years away, proponents behind a proposed Vancouver Island liquefied natural gas (LNG) export facility are already looking at pipeline options for bringing gas from the mainland.

  6. Renaissance Closes C$11.2 Million Brokered Private Placement

    Renaissance Oil Corp. has closed its previously announced brokered private placement pursuant to an agency agreement dated March 29, 2017 between the company and Haywood Securities Inc., Beacon Securities Limited and Canaccord Genuity Corp. for 44.87 million units (including 4.87 million units issued upon exercise of the agents' option to sell up to an additional 20 million units at the same price per unit as the offering), at a price of 25 cents per unit, for aggregate gross proceeds of approximately C$11.2 million.

  7. DIVERGENT Energy Services Announces Stock Option Grants

    DIVERGENT Energy Services Corp. has completed its annual review of incentive plan awards, and subject to regulatory approval, its board of directors has approved, effective March 28, 2017, the grant of an aggregate of 1.53 million stock options to directors, officers, employees and a consultant of the corporation.

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