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South Korea to provide $3 billion in financial support for troubled auto suppliers

13 hours ago DieselGasoil Comments Off on South Korea to provide $3 billion in financial support for troubled auto suppliers
SEOUL (Reuters) – South Korea unveiled a policy package to support its embattled car parts makers industry that includes providing financial support worth over 3.5 trillion won ($3.10 billion) and encouraging the use of electric cars. A worker checks cars made by GM Korea in a yard of GM Korea’s Bupyeong plant before they are Read More

Gran Tierra Energy Inc. Announces Operational Update and 2019 Guidance: 12 to 18% Production Growth within Cash Flow

1 day ago DieselGasoil Comments Off on Gran Tierra Energy Inc. Announces Operational Update and 2019 Guidance: 12 to 18% Production Growth within Cash Flow
CALGARY, Alberta, Dec. 17, 2018 (GLOBE NEWSWIRE) — Gran Tierra Energy Inc. (“Gran Tierra” or the “Company”) (NYSE American:GTE) (NYSE MKT:GTE) (TSX:GTE) (LSE:GTE), is pleased to announce an operational update and its 2019 capital budget and production guidance. All dollar amounts are in United States dollars and all production volumes are on a working interest Read More

Siccar Point Energy increases existing reserves-based lending facility

5 days ago DieselGasoil Comments Off on Siccar Point Energy increases existing reserves-based lending facility
12/13/2018 Photo: Jonathan Roger, Siccar Point Energy CEO. ABERDEEN — Siccar Point Energy has signed an agreement with its existing syndicate of banks to increase and extend its existing Reserves Based Lending Facility (“RBL”). Key features are: Increase in facility limit from $600 million to $800 million. Availability under the RBL has also increased to Read More

Precision Drilling Announces Credit Facility Extension and $150 Million Total Debt Reduction in 2018

5 days ago DieselGasoil Comments Off on Precision Drilling Announces Credit Facility Extension and $150 Million Total Debt Reduction in 2018
This news release contains “forward-looking information and statements” within the meaning of applicable securities laws. For important information with respect to such forward-looking information and statements and the further assumptions and risks to which they are subject, see the “Cautionary Statement Regarding Forward-Looking Information and Statements” later in this news release. CALGARY, Alberta, Dec. 13, Read More

El Nino may cut Colombia's rainfall by 80 percent in quarter-one 2019: minister

2 weeks ago DieselGasoil Comments Off on El Nino may cut Colombia's rainfall by 80 percent in quarter-one 2019: minister
FILE PHOTO: Farmer Carlos Lopez shows lettuce crops damaged by the lack of rain during the El Nino weather phenomenon in Madrid municipality near Bogota, Colombia, January 17, 2016. While flooding and intense rain wreak havoc on several countries in Latin America, El Nino brings other harmful effects to Colombia with severe drought. REUTERS/John Vizcaino Read More

Solar Alliance Strategic Investor Increases Shareholding and Commits to Funding Future Growth

3 weeks ago DieselGasoil Comments Off on Solar Alliance Strategic Investor Increases Shareholding and Commits to Funding Future Growth
VANCOUVER, British Columbia and KNOXVILLE, Tenn., Nov. 29, 2018 (GLOBE NEWSWIRE) — Solar Alliance Energy Inc. (‘Solar Alliance’ or the ‘Company’) (TSX-V: SOLR) is pleased to announce it has signed a comprehensive agreement with Mr. Tom Anderson to increase his ownership stake in the Company to approximately 50% through the conversion of debt, interest projected Read More

Precision Drilling Confirms Its Offer; Strongly Encourages Trinidad Drilling Shareholders Not to Tender to Ensign Offer and to Vote for Value Creating Combination With Precision

4 weeks ago DieselGasoil Comments Off on Precision Drilling Confirms Its Offer; Strongly Encourages Trinidad Drilling Shareholders Not to Tender to Ensign Offer and to Vote for Value Creating Combination With Precision
This news release contains “forward-looking information and statements” within the meaning of applicable securities laws. For important information with respect to such forward-looking information and statements and the further assumptions and risks to which they are subject, see the “Cautionary Statement Regarding Forward-Looking Information and Statements” later in this news release. CALGARY, Alberta, Nov. 23, Read More

Falcon Oil & Gas Ltd. Filing of Interim Financial Statements

4 weeks ago DieselGasoil Comments Off on Falcon Oil & Gas Ltd. Filing of Interim Financial Statements
FALCON OIL & GAS LTD.(“Falcon”) Filing of Interim Financial Statements 23 November 2018 – Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG, ESM: FAC) announces that it has filed its Interim Financial Statements for the three and nine months ended 30 September 2018 and the accompanying Management’s Discussion and Analysis (“MD&A”). The following should Read More

Zargon Announces a Proposed Transaction to Restructure its Convertible Debentures

4 weeks ago DieselGasoil Comments Off on Zargon Announces a Proposed Transaction to Restructure its Convertible Debentures
CALGARY, Alberta, Nov. 21, 2018 (GLOBE NEWSWIRE) — Zargon Oil & Gas Ltd. (“Zargon” or the “Company“) (TSX:ZAR; ZAR.DB.A) announces a proposed transaction to settle its $41.94 million principal amount of outstanding 8.00% convertible unsecured subordinated debentures due December 31, 2019 (the “Debentures“) for equity (the “Transaction“). THE PROPOSAL The Company intends to make a Read More

Bengal Energy Announces Credit Facility Amendment and 2019 Drilling Program Update

4 weeks ago DieselGasoil Comments Off on Bengal Energy Announces Credit Facility Amendment and 2019 Drilling Program Update
CALGARY, Alberta, Nov. 19, 2018 (GLOBE NEWSWIRE) — Bengal Energy Ltd. (TSX: BNG) (“Bengal” or the “Company”) announces that it has entered into an amendment (the “Amendment”) to its secured credit facility (the “Credit Facility”) with the Australian based Westpac Institutional Bank (“Westpac”), which includes a 14 month deferral of all principal payments on the Read More