Yesterday, Lawrence Solomon wrote this article in the Financial Post and in it he provokes some counter-intuitive ideas against renewable energy sources and for fossil fuels.  The basis of his argument is that non-renewable energy, fossil fuels, are sustainable whereas the renewables are not and will not be for many decades to come. He sites the fact that, although, hundreds of… Continue Reading

Parex Resources (PXT:TSX), the 50% operating partner of Petroamerica Oil (PTA:TSXV) in the Los Ocarros Block in Colombia’s Llanos Basin, announced the initial results from the La Guira-1 exploration well, in their third quarter release (and subsequently in a release from PTA).  La Guira-1 was spud on October 9th and targeted the Mirador, Gacheta and Une formations and was drilled to… Continue Reading

With an oversubscribed $150 million senior secured debt package locked-up and the approval for Phase 1 development of the Atrush block by the Kurdistan Regional Government (KRG), ShaMaran Petroleum (SNM:TSX), is set to re-rate given their ability to finance the development of the huge block.  The company released its Q3 2013 financial and operating results last night… Continue Reading

Ray Smith’s Madalena Energy (MVN:TSX) has released results from their unconventional oil wells in the Paddle River area of west-Central Alberta.  Production began in early November and during a nine-date test, the horizontal Ostracod oil well flowed at an average rate of 658bpd and 871Mscfd of natural gas for a total of 803boepd.  After accounting… Continue Reading

According to Strateco Resource’s (RSC:TSX) CEO, Guy Hébert, a group of the company’s US shareholders intend to challenge Quebec’s recent resistance to uranium exploration and mining.  In March, Quebec environment minister, Yves-Francois Blanchet announced a moratorium on all uranium exploration and mining until the government had the opportunity to review and submit an environmental report… Continue Reading

Renegade Petroleum (RPL:TSX), the Saskatchewan-focused light oil producer, has called a special shareholder meeting as part of an ongoing dispute with an activist shareholder, FrontFour Capital Group LLC.  The news release today is in response to a release issued by FrontFour on October 31, 2013 in which the activist outlined their concerns.  The meeting will… Continue Reading

Glenn McNamara’s Petromanas Energy had its heaviest volume day in history Tuesday. Over 59 million PMI shares traded hands, closing at $.13, up 13%, after the company announced positive testing results at their Shpirag-2 well yesterday (Read: Petromanas and Shell strike oil deep in Albania). Petromanas also announced this morning that Heinz J. Scholz and Werner Ladwein have… Continue Reading

On the west coast of British Columbia, onshore LNG terminals and pipelines to feed those terminals have become a media and political hot potato, with environmentalists increasing the instability of these projects which can cost $50-$60 billion.  In Colombia, Pacific Rubiales (PRE:TSX) announced this morning that they have executed a heads of agreement for a… Continue Reading

Seventeen months after the Shpirag-2 well started drilling in Southern Albania, Petromanas Energy (TSXV:PMI) and joint venture partner Royal Dutch Shell have finally released testing results from the $75 million exploration well on Albania’s Blocks 2-3. PMI and Shell announced a discovery at Shpirag-2 today, with flow rates of 1,500 to 2,200 barrels per day… Continue Reading

Pacific Rubiales (PRE:TSX), one of the largest oil producers in Colombia, announced this morning that they have received environmental licenses from the Colombian authorities to explore and develop in the CPE-6 and Guama blocks.  The Guama block is a 184,000 acre block located in the Lower Magdalena Valley Basin approximately 100km east of the Company’s… Continue Reading

Alpha Minerals (AMW:TSXV) and Fission Uranium (FCU:TSXV), the joint venture partners who continue to advance the Patterson Lake South discovery in Saskatchewan, announced this morning that they discovered a sixth mineralized zone in a step-out hole drilled 525 metre’s from the original discovery zone.  The new zone, R600W, is on a 1755m trend with all five high-grade… Continue Reading

Billionaire mining entrepreneur Robert Friedland’s new entertainment company, Ivanhoe Pictures, caught the attention of the Globe and Mail last week (Read: Canadian mining tycoon follows Hollywood dream). Former Friedland financier Frank Giustra is acknowledged in the Globe’s article as the other mining mogul moonlighting in the movie business; In 1997, Giustra founded Lionsgate Films, today… Continue Reading

GREENWICH, CT, Oct. 31, 2013 /CNW/ – On October 21st, 2013 FrontFour Capital Group LLC (“FrontFour”) and a like-minded shareholder (the “Requisitionists”) announced that they had served the board of Renegade Petroleum Ltd. (“Renegade”, or the “Company”) (“RPL-V; RPTTF-O”) with legal notice of their requisition of a special meeting of shareholders. FrontFour also demanded the… Continue Reading

Lundin Group company, ShaMaran Petroleum (SNM:TSXV) announced their plans to issue $150 million in senior secured bonds which will be used to finance their future expenditures on the Atrush block in the Kurdistan region of Iraq.  Nordic investment bank, Pareto Securites has been appointed as financial advisor to the offering. The Atrush block is the… Continue Reading

East African oil and gas explorer, Africa Oil (AOI:TSXV) has shutdown two significant oil blocks; Block 10BB and Block 13T.  According to the release, AOI’s operating partner, Tullow Oil has agreed to shutdown activities at these two blocks in Kenya due to local protests surrounding employment issues.  The release notes that this is a precautionary… Continue Reading