Canadian Oil & Gas Companies Weekly Update

Weekly Update July 1 2019

Interesting News

Shell New Gas processing plant with large compressor install 06-08-067-06W6
Pembina/Veresen Midstream gas plant 11-18-074-12W6 large compressor upgrade project
Pacific Oil and Gas Ltd. (Cambrian) 4 new well license in BC
Westbrick Energy Ltd add two new well license to PAD 03-26-043-09W5 for a total of 4 wells not drilled at this location
Karve Energy Inc. 1 new well pad and added two permits to an existing pad making a 4 well pad in the Provost area
Teine Energy Ltd added 5 new wells to existing 2 well pad 02-03-030-23W3
Serafina Energy Ltd continue to expand 06-11-048-19W3 to a 16 well pad
7G continues drilling 18 well pad 10-16-063-04W6
Deltastream continues the drilling of an 8 well pad 02-15-074-25W4
Husky completes the spud of a 5 well pad 06-18-052-23W3

First Facility License since Feb 1 2019 (or greater)

Enhance Energy Inc_Licence Amendment_Oil battery – multiwell _AB_04-15-040-24W4
KIWETINOHK RESOURCES CORP._Licence Amendment_Oil battery – multiwell_AB_06-28-042-03W5
CRESTWYND EXPLORATION LTD._New Licence_Bitumen battery – multiwell_AB_15-31-062-20W4
PINE CLIFF ENERGY LTD_New Licence_Gas battery – multiwell _AB_03-33-034-24W4

First Well License since Feb 1 2019 (or greater)

Entrada Resource Inc_AB_RED DEER_WILLESDEN_06-17-042-06W5_CRUDE OIL
North American Helium Inc._SK_Swift Current_PRECAMBRIAN_13-18-004-19W3_Helium Well
PETRO-LIN ENERGY CORPORATION_AB_GRANDE PRAIRIE_GIROUXVILLE EAST_02-14-076-23W5_CRUDE OIL
Sitka Exploration_AB_RED DEER_GARRINGTO_16-05-034-04W5_GAS
Timberrock Energy Corp_AB_RED DEER_GARRINGTO_13-18-033-03W5_GAS

First Wells Drilled Since Feb 1 2019 (or greater)

Rigs First Time Drilling Since Apr 1 2019

Adonai Resources II Corporation_Betts 4_SK_Estevan_FROBISHER BEDS_08-10-002-01W2_CRUDE OIL
Modern Resources Inc_Precision 382_AB_GRANDE PRAIRIE_WAPITI_12-04-068-08W6_CRUDE OIL
Velvet Energy Ltd_Savanna 639_AB_GRANDE PRAIRIE_UNDEFINED_04-01-069-03W6_CRUDE OIL
Westbrick Energy Ltd_Savanna 653_AB_DRAYTON VALLEY_PEMBINA_16-27-044-11W5_GAS
WOLF LAKE ENERGY LTD._null 5_AB_Wainwright_LLOYDMINS_16-26-049-02W4_CRUDE OIL

Other News

Paramount Resources Ltd. (ʺParamountʺ or the ʺCompanyʺ) is pleased to announce that it has entered into an agreement with an affiliate of CSV Midstream Solutions Corp. (ʺCSV Midstreamʺ) for the sale of its Karr 6-18 natural gas facility and related midstream assets
Cequence Energy Ltd. (“Cequence” or the “Company”) (TSX: CQE) is pleased to announce the successful completion today of its previously announced private placement of common shares (the “Private Placement”), $10 million
Razor Energy Corp. (“Razor” or the “Company”) (TSXV: RZE) (www.razor-energy.com) and its partners, the federal government, through Natural Resources Canada (“NRCan”) and Alberta Innovates, are pleased to announce the funding of a co-produced geothermal electricity project utilizing an active oil and gas operation in Alberta (the “Project”). The Company expects the capital cost of the Project to be $15 million to $20 million generating between 3 and 5 MW of electricity.
Pieridae Energy Limited (“Pieridae” or the “Company”) (TSXV: PEA) is pleased to announce that it has signed a purchase and sale agreement (the “Purchase Agreement”) with Shell Canada Energy (“Shell”) to purchase all of Shell’s midstream and upstream assets in the southern Alberta Foothills (the “Assets”) for a purchase price of CAD$190 million

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