Midnight Oil Exploration Ltd., a Calgary, Alberta based junior energy company primarily focused on natural gas exploration, development and production in the Deep Basin portion of northwest Alberta, reported that it has filed with Canadian securities regulatory authorities on SEDAR its audited Consolidated Financial Statements for the year ended December 31, 2008. For full story, [...]
Alberta, Canada’s biggest oil and gas producing province, presented its bruised up industry up to C$1.5 billion in royalty breaks and credits in a bid to boost drilling and soften the impact of sinking petroleum prices. Energy Minister Mel Knight, said: This is not about splashing money around. For more details, click here
By Duncan Sutherland – Exclusive to Gas Investing News Market news The high US$6 – mid US$7 NYMEX future price seems to be relatively stable given the incredible volatility of other commodities and market indices. Though this stability is preventing gas investors from riding the same emotional rollercoaster that most other investors have boarded, it [...]
By Duncan Sutherland – Exclusive to Gas Investing News Market News: The American Energy Information Administration (the U.S. Government’s register of official energy statistic) is still forecasting an increase in home heating costs over the winter. The EIA did note that its figures were subject to change as new information about the extent of the [...]
Record natural gas prices have led to a signficant boom in land sales in Alberta and British Columbia. Larry Boyd, AJM Senior Geological Specialist, was quoted as saying: The recent announcement of shale gas tests in Quebec, the extraordinary land sale prices in British Columbia, Stealth’s announcement of the first commercial shale gas play in [...]
Thursday, March 19, 2009