Altima Energy Inc.

Altima announces that, notwithstanding it received acceptance from the TSX Venture Exchange on June 13, 2014 to close its private placement for gross proceeds of $12,500,000 (refer to News Release dated May 21, 2014), the funds that were promised to the Company by the subscribers over the past months were not received. Accordingly, as the Company can no longer wait for the funds to be received, it has withdrawn this [...]

Altima Resources announces that it has licensed two New Pool Wildcat Wells in the Chambers - Ferrier area. The Altima Chambers 14-34-41-11 W5M and Altima Ferrier 8-3-42-11 W5M (the "Wells") will be drilled to projected total depths of 3,201 and 3,098 meters respectively. Both Wells are directional drills, targeting multiple horizons that are productive in the immediate area. Project design provides for the surface [...]

Altima Resources announces that it has completed work-over operations on the UNE Chambers 3-17-41-11 W5M well. Altima, through its joint venture with Acumen Energy Partners Inc. (refer to News Release August 6, 2014) completed work-over and flow-testing operations of the UNE Chambers 3-17-41-11 W5M well on October 30, 2014. Rick Switzer, President and CEO of the Company reported that that existing packers and bridge plugs [...]

Altima Resources announces that it has commenced workover operations on the UNE Chambers 3-17-41-11 W5M well (the "Well"), located in the Chambers-Ferrier area of the Western Sedimentary Basin, Alberta. Altima has assumed Operatorship of the Well and will re-enter the well bore, remove existing packers and WR plugs, run tubing, and place the Well on production. The Well will produce through an existing flowline to the [...]

Altima Resources announces that the Altima Chambers 5-35-41-11 W5M well (5-35 well) was placed on-stream July 16, 2014. The 5-35 well was drilled to a Total Depth (TD) of 3,158 meters Measured Depth and Rig Released (RR) on March 16, 2014. Altima completed a 1.37 kilometer, 4 inch natural gas pipeline from the 5-35 well to a newly constructed riser located at 9-35-41-11 W5M. This infrastructure connects the 5-35 well into [...]

Altima Resources announces that the Altima Chambers 5-35-41-11 W5M well (5-35 well) completed fracture stimulation operations on June 19, 2014. Three separate fracture stimulations treatments were conducted on five formations, and all flowed back gas and liquids. Operations are continuing to mill out plugs and commingle all zones, run production tubing, and perform a flow and build up test on the well. Altima has [...]

Altima announces further to its News Release dated May 5, 2014 that, subject to receipt of acceptance from the TSX Venture Exchange, it anticipates closing its private placement for gross proceeds of $12,500,000 by the issuance of 138,888,886 Units at $0.09 per Unit by May 30, 2014, not May 21, 2014 as previously announced. Following completion of the Financing, the Company will arrange for a Special Meeting of [...]

VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 14, 2014) - Altima Resources Ltd. (TSX VENTURE:ARH)(FRANKFURT:AKC)(PINKSHEETS:ARSLF) announces that the Company has accepted the Transfer and Operatorship of three wells and two associated pipeline Licences from Unbridled Energy Corporation. The transfer is part of a process Altima has initiated to enable evaluating the on-stream potential of the subject wells. Altima holds [...]

VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 9, 2014) - Altima Resources Ltd. (TSX VENTURE:ARH)(PINKSHEETS:ARSLF)(FRANKFURT:AKC) announces that the Altima Chambers 5-35-41-11 W5M well (5-35 well) will be completed and the pipeline connecting the well to Altima's production infrastructure will commence operations within the next two weeks. The 5-35 well will be fracture stimulated over multiple prospective zones. The [...]

Altima announces that it intends to complete a private placement for gross proceeds of $12,500,000, subject to acceptance by the TSX Venture Exchange. These funds will be raised by the issuance of 138,888,886 Units at a price of $0.09 per Unit, each Unit consisting of one common share and one-half share purchase warrant, each whole Warrant entitling the holder thereof to purchase one additional common share, exercisable [...]