Saturday, April 11, 2015

Connacher Oil and Gas Limited T.CLL Sector: Energy | Sub-Sector: Oil & Gas Alternate Symbol(s): CLLZF

Trading now at 1-2c. and a speculative buy on higher oil prices going forward:
Connacher Oil and Gas Ltd is an oil company engaged in the exploration and development, 
production and marketing of bitumen;
 crude oil, natural gas and natural gas liquids. Connacher’s shares trade on the TSX under the symbol CLL.                            Connacher’s principal asset is a 100 percent interest in approximately 87,000 net acres of oil sands leases                                          in the Athabasca oil sands fairway, situated primarily southwest of Fort McMurray, Alberta.

Monday, March 23, 2015


senior management has taken a 10% reduction in salary and the Board of Directors fees have been reduced by 10%."
Highlights of 2014 include:
  • Transitioned the Company to a medium gravity oil focused producer. 
  • Generated $208 million of funds flow, including record 4th quarter funds flow of $54.3 million ($0.16/share). 
  • Returned $67.3 million dollars to shareholders through monthly dividends (32% payout). 
  • Maintained financial discipline by managing total payout to 95% (99% pre- of DRIP/SDP). 
  • Reduced net debt from $361.6 million at December 31, 2013 to $353.3 million at December 31, 2014. The Company's net debt will continue to decrease in 2015. 
  • Completed an organic capital program of $144.1 million ($137.6 million net of dispositions), including the drilling of 109 gross (105.7 net) wells at a 97% success rate. 
  • Established Provost, the Company's medium oil core area, as a sustainable, long term growth asset. 
  • Delivered successful results on both the new Sparky and Lithic channel plays at Provost at lower than anticipated capital costs and higher than expected productivity. 
  • Accelerated the horizontal development potential of the company's Lloydminster heavy oil core area. 


Monday, February 16, 2015

Petromin Resources Ltd. [PTR]

A small O/G company with a big investment in Chinese shale gas,
producing properties in Alberta, and advanced patented technologies.
A lot of potential upside here going forward...on SALE now.

Petromin Resources Ltd. is a progressive international Petroleum
and Natural Gas Exploration and Production company listed Tier 1 on the
Toronto Venture Stock Exchange.
The Company is currently focused on developing 655 sq km of coalbed methane (CBM)
 land in Western China along the Southern Junggar Basin (in China).
Alongside significant international resource development initiatives in China and Kuwait,
the Company’s core operations include five oil and gas producing properties in Alberta
Canada along the Western Canada Sedimentary Basin.

Petromin is leading the way in technologically innovative methods designed to significantly improve reserves of existing oil pools (EOR) and to enhance the recovery of coalbed methane (ECBM) while significantly minimizing greenhouse gas (GHG) emissions.

Monday, February 2, 2015

Vantex Acquires 27 Mining Claims in the Bousquet Township and Receives a $75 000 Cash Payment From Sale of NSR

LA PRAIRIE, QUEBEC--(Marketwired - Feb. 2, 2015) - 
The management of Vantex Resources Ltd. (TSX VENTURE:VAX)(FRANKFURT:UD7A)(ALP:VAX) announces that it has acquired from Hecla Mining Company (Hecla) a 100% interest in a mining block consisting of 27 mining cells located in Bousquet Township as well as receiving a $ 75,000 cash payment in consideration of the totality of the royalty Vantex held in the Heva property.
The Heva property was sold to Aurizon Mines before the merger with Hecla (see press release of 27 February 2008).
This new block, integrated with the other blocks recently acquired by Vantex, will form the Lac Bousquet property and will consist of 79 cells covering an area of about 1,500 hectares.
Many gold showings of importance are present on the Lake Bousquet property. These showings are associated with a splay of the Cadillac Fault, one of the most prolific gold faults in the world, and consist of a swarm of quartz veins contained in sediments or in felsic intrusives along the fault.
Several gold intersections obtained in drilling and channel sampling with gold grades of 3.73 g/t Au over 5.5 m and 5.91 g/t to the 3.0 m were intersected on the property.
The presence of gold-bearing structures associated with the CadillacFault and hydrothermal alteration give an excellent gold potential to this property. Moreover, the immediate gold producers near Vantex are IAMGOLD (Westwood Mine) and Agnico-Eagle (La Ronde Mine). There are also many former gold producers in the area such as the Doyon and Mouska mines. More than 12 M oz of gold were produced within a radius of 10 km from the property,
A comprehensive geological compilation and a ground magnetic survey will be made on this new project in the coming weeks.


Saturday, January 31, 2015

Vantex Resources Ltd. (VAX) Sector: Metals & Mining / Sub-Sector: Gold/ Alternate Symbol(s): VANTF

Vantex to Begin Exploration 

on Blackfly and Nomar 

Properties in Abitibi

[aggressive junior explorer to soon release results of this survey;
 good results are highly anticipated]

LA PRAIRIE, QUÉBEC--(Marketwired - Nov. 20, 2014) - Following the acquisitions of the Blackfly and Nomar properties, the management of Vantex Resources Ltd. (TSX VENTURE:VAX)(FRANKFURT:UD7A)(ALP:VAX) will start in the coming days, a ground magnetic survey and a compilation of the historical data available on these projects.
These properties that comprise 40 claims, are located in the prolific Bousquet mining camp and overlap the Cadillac-Larder Lake Fault. They include many gold showings and previous works show promising gold potential.
About Vantex
Like many small Canadian mining exploration companies, Vantex faces a depressed mining market, new mining regulations and a constant drop of metal prices that makes financing, exploration and the development of mining projects very challenging.
The management of the Company wants to use this downturn to acquire quality gold properties and eventually joint venture them with willing partners, to develop them.


Thursday, November 13, 2014

Twin Butte Energy announces sustainable 2015 dividend model...

CALGARYNov. 13, 2014 /CNW/ - (TSX: TBE) – Twin Butte Energy Ltd. ("Twin Butte" or  the  "Company") is pleased to provide it's 2015 capital plan and report its financial and operational results for the three months ended September 30, 2014.
Highlights are as follows:
  • Reinforced the financial sustainability of the Company's dividend with the total payout ratio for the year to date being 96%. The Company's guidance for 2015 demonstrates dividend sustainability at forecast $US80 WTI. Twin Butte has declared $139.4 million ($0.52 per share) in dividends since January 2012 and maintained a cumulative total payout ratio of 92.5% since that time.
  • Approved a $160 million 2015 capital budget, which based on a $US 80.00 WTI oil price maintains production, grows cash flow by 10%, delivers a $0.192 per share dividend, and holds the total payout ratio to under 100%.
  • Record third quarter funds flow of $53.7 million, ($0.15 per share) an increase of 54% from third quarter 2013 and an increase of 11% from the second quarter of 2014. Operating cost reductions and higher medium and light oil weighting more than offset reduced realized pricing in the quarter leading to the record funds flow.
  • Average third quarter production of 20,981 boe/d, an increase of 29% from third quarter 2013, while liquids weighting increased to 90% from 88% over the same periods. Light and medium oil represented 37% of production in the quarter compared to 3% in the third quarter of 2013.
  • Completed an organic net capital expenditure program of $43.9 million including the drilling of 39 gross (36.7 net) wells at a 97% success rate. The majority of the third quarter capital was focused on horizontal drilling activity with 70% of the wells being drilled in the Company's medium oil Provost area.
  • Successfully drilled, completed and brought on stream the first of Twin Butte's Provost Sparky multi-frac horizontal wells, at costs below initial expectation and at rates above average competitor wells. This de-risking has established a new long term drilling inventory.
Certain selected financial and operational information for the three and nine months ended September 30, 2014 and 2013 is outlined below and should be read in conjunction with Twin Butte's condensed interim financial statements for the three and nine months ended September 30, 2014 and 2013 and accompanying management's discussion and analysis filed with the Canadian securities regulatory authorities which may be accessed through the SEDAR website ( and also the Company's website.