Not for Distribution to U.S. Newswire Services or Dissemination in the United States Point Loma Resources Ltd. is pleased to announce the closing of its previously announced private placement offering for aggregate gross proceeds of $1,662,505.71 . The Offering consisted of: $805,005.75 in units of the Corporation at a price of $0.115 per Basic [...]
Point Loma Resources Ltd. is pleased to announce that it has entered into a revised agreement with Mackie Research Capital Corporation, as sole agent and bookrunner , to increase the size of its previously announced private placement offering for up to approximately $1,650,000 in aggregate gross proceeds to the Corporation . The Offering will [...]
Point Loma Resources Ltd. is pleased to announce that it has entered into an agreement with Mackie Research Capital Corporation, as sole agent and sole bookrunner , pursuant to which the Agent has agreed to offer, on commercially reasonable efforts, private placement basis to raise aggregate gross proceeds to the Corporation of up to approximately [...]
Point Loma Resources Announces Successful 700 boepd Delineation Well Test at Wizard Lake Point Loma Resources Ltd. is pleased to announce production test results for the Wizard Lake HZ 1-8-48-27W4 Rex oil pool delineation well. Highlights Test rate for the Rex horizontal oil well over the last 24 hours of the test period to 3pm September 4, 2019 [...]
Point Loma Resources Ltd. reports its financial and operating results for the three and six months ended June 30, 2019. Highlights of the period and additional updates are summarized below: Q2 - 2019 Financial and Operating Results Three months ended Six months ended June 30 June 30 2019 2018 2019 2018 Financial Petroleum and natural gas revenue [...]
Point Loma Resources Ltd. is pleased to announce the Wizard Lake HZ 1-8-48-27W4 Rex well has been successfully drilled and cased, on schedule and on budget. This is the first of two wells in a farmout program with Salt Bush Energy Ltd . Highlights Well was successfully drilled from the existing 16-17Hz padsite to 3033m measured depth with a 1461m [...]
CALGARY, ALBERTA, ACCESSWIRE / July 29, 2019 / Point Loma Resources Ltd. is pleased to announce the spudding of the first farmout well of the Corporation €™s recently announced two well farmout program with partner Salt Bush Energy Ltd. . Highlights Rex oil horizontal was spudded July 27, 2019. Once drilled, the well is expected to be completed and [...]
Point Loma Resources Ltd. is pleased to announce the retention of Mackie Research Capital Corporation to market the Corporation €™s Wizard Lake Rex oil property in central Alberta. Highlights: MRCC and Point Loma have entered into an engagement agreement whereby Mackie will canvas the market for parties potentially interested in a transaction to [...]
Point Loma Resources Ltd. is pleased to announce the retention of Mackie Research Capital Corporation to market the Corporation €™s Wizard Lake Rex oil property in central Alberta. Highlights: MRCC and Point Loma have entered into an engagement agreement whereby Mackie will canvas the market for parties potentially interested in a transaction to [...]
Point Loma Resources Ltd. is pleased to announce an update on production and upcoming development drilling of the Corporation's Wizard Lake Rex oil discovery and the issuance of Settlement Units . Highlights: The Wizard Lake 16-17-48-27W4 Rex oil discovery well was placed on production June 5, 2019. Oil production for the month of June is estimated [...]
Point Loma Resources Ltd. is pleased to announce first oil production from the Corporation's Wizard Lake Rex oil discovery and provides an operational update. Point Loma would also like to announce that it will be hosting a live webinar at 11:00am PT on Wednesday, June 19th. Please see webinar details below. Highlights: The Wizard Lake [...]
Point Loma Resources Ltd. announces that in order to preserve its cash on hand, it has entered into debt settlement agreements with certain arm's length parties to settle trade payables in the sum of $543,750 in consideration for the issuance of 3,020,835 settlement units where each unit is comprised of one common share in the capital of the [...]
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