CDN NEWS | 
US NEWS 
April 18, 2017
Presented by POIM Consulting Group
Major /Interesting Projects
- Canadian Natural Resources Limited adding Compressor to large Bitumen satellite battery 02-21-073-07W4
- Cortona Energy Ltd. Adding 3 Oil satellite – multiwall 12-12-013-21W4
- Velvet Energy Ltd large Gas battery – multiwall 16-18-054-17W5
- Baytex Energy Corp. 4 new well license for 8-5-49-1W4 Pad site
- Seven Generations Energy Ltd. New well license for Pad 12-28-64-5W6 – 6 wells
- Fortem Resources Inc. intends to develop the Godin Project (Wabiskaw formation) in three phases beginning with a four well vertical, followed by a four section pad development of 10 wells per pad/per section.
First Facility License Last 12 Months
- Cortona Energy Ltd. – Oil satellite – multiwell 08-12-013-21W4 – Iron Springs
First Well License Last 12 Months
- None
First Wells Drilled Since May 1
- None
Rigs First Time Drilling Since May 1
- None
Other News
- Sinopec Canada (“Sinopec” or the “Company”) has engaged Sayer Energy Advisors to assist it with the sale of several of its non-core properties in various areas of western Canada (the “Properties”).
- Point Loma selling and assigning a 20 percent working interest in its assets to Salt Bush for consideration of $5 million and the creation of a strategic JV
- Fortem Resources Inc. intends to develop the Godin Project (Wabiskaw formation) in three phases beginning with a four well vertical, followed by a four section pad development of 10 wells per pad/per section.
- Waterous Energy Fund Announces Agreements to Acquire 67% Ownership of Northern Blizzard Resources Inc.
- TransGlobe took over field operations February 1st and initiated surface land acquisition/permitting for up to eight wells in the Harmattan area. The initial 2017 program consists of eight horizontal (multi-stage frac) wells targeting the Cardium light oil resource at Harmattan. The Company is targeting June/July to commence the drilling program. It is expected that wells will cost ~C$2.7 million per well to drill, complete and place on production.
- Traverse initial exploration and development program for 2017 has been approved at $14 million. Water disposal facility at Coyote was completed and commissioned, reducing current water disposal costs and improving economics for future development. The Coyote battery tank vent piping system was also upgraded to allow for tank vapour recovery.
- Pengrowth Energy Corporation (TSX:PGF)(NYSE:PGH) announces that it has closed its previously announced sale of its non-producing Montney lands at Bernadet in North East British Columbia for cash consideration of $92 million. The cash proceeds will help further strengthen the Company’s balance sheet
- Inter Pipeline Announces $500 Million Medium-Term Note Offering
- Saguaro Resources Ltd. (“Saguaro” or the “Company”) announced that it has closed the placement of $50 million of secured notes, and recently expanded its syndicated revolving credit facility from $65 million to $105 million. Saguaro is now fully funded to execute its accelerated development program. plan to ramp up our capital spend in 2017, 2018 and beyond
Learn How You Can Get Better Market Research & Lead Generation
Enerlead for Qlik provides the market research you need for quality lead generation in the oil & gas industry, find out more here: http://www2.poim.ca/l/305311/2017-04-02/4d5d
About POIM
It is difficult to sell to the Oil & Gas industry in the current economic environment if you want to increase revenue you need to increase market share. What is your sales Data Innovation strategy to grow market share? Do you know what accounts you need to target and are you making contact with the decision makers? Is your sales plan working?
POIM Consulting we help Oil & Gas Services companies increase market share through effective use Customer Relationship Management & Business Intelligence.
Contact POIM
Pat Hinds
1-403-472-5795
phinds@poim.ca
Website: poim.ca
POIM Consulting Group
450-29th Ave NW
Calgary, Alberta
T2M 2M3, Canada
Share This:
