Point Loma Resources Ltd. is pleased to announce the closing of its previously announced short form prospectus marketed financing of: 5,954,300 units of the Company ; and 4,356,059 common shares of the Company issued as "flow-through shares" within the meaning of the Income Tax Act , for aggregate gross proceeds of approximately $3.16 million [...]
Calgary, Alberta - Point Loma Resources Ltd. is pleased to announce that it has closed an additional non-core transaction to sell royalty interests acquired as part of a recent east central Alberta transaction and provides an update on its Q4 2018 drilling program activities. Non-core Asset Dispositions Update Point Loma has sold certain royalty [...]
Point Loma Resources Ltd. is pleased to announce that it has entered into an engagement letter with Mackie Research Capital Corporation , pursuant to which the Agent has agreed to offer, on a commercially reasonable efforts basis: up to $2,750,000 in units of the Company at a price of $0.29 per Unit ; and up to $1,250,000 million in common shares [...]
Calgary, Alberta - Point Loma Resources Ltd. announces the acquisition of lands providing entrance into the Rex oil play in the Leduc area of Alberta and provides an operational update across its core focus areas. With the addition of these properties and a large land position in excess of 160,000 net acres targeting the Mannville , Banff and [...]
Calgary, Alberta - Point Loma Resources Ltd. is pleased to announce that it has entered into an agreement to sell a minor interest in a gas property acquired as part of a previous transaction. The sale price of the non-core disposition is approximately $350,000 net to Point Loma, before customary closing adjustments, and will be paid in cash [...]
Calgary, Alberta - Point Loma Resources Ltd. is pleased to report financial and operating results for the three and six months ended June 30, 2018. Highlights of the period and additional updates are summarized below: HIGHLIGHTS Current oil and NGL production has increased approximately 100% from the first quarter to 260 bbl/d. Overall boe/d [...]
Calgary, Alberta - Point Loma Resources Ltd. is pleased to announce that it has closed the acquisition of an additional working interest in an oil property acquired in June 2018. The purchase price of the Acquisition is $270,000.00, before customary closing adjustments, and was paid with the issuance of 876,623 common shares of the Corporation [...]
Calgary, Alberta - Point Loma Resources Ltd. is pleased to announce that it has entered into a definitive agreement to acquire an additional interest in an oil property acquired in June 2018 . The purchase price of the Acquisition is $270,000.00, before customary closing adjustments, and will be paid in the form of 876,623 common shares of the [...]
Calgary, Alberta - Point Loma Resources Ltd. is pleased to provide an update on its recent and upcoming activities; Highlights: Production has grown to over 1000 boepd with an increase of approximately 90% of oil and ngl volumes from Q1 2018; Q1-2018 3D seismic program and trade data merger covers an area of approximately 35 square km including the [...]
Calgary, Alberta - Point Loma Resources Ltd. is pleased to announce that it has closed the previously announced acquisition of a private oil and gas company . The purchase price of the Acquisition was $1,557,600.00 and was paid with the issuance of 5,192,000 common shares of the Corporation. Highlights Point Loma has acquired a private oil and gas [...]
Calgary, Alberta - Point Loma Resources Ltd. is pleased to announce that it has entered into a definitive agreement to acquire a private oil and gas company . The purchase price of the Acquisition is $1,557,600.00 and will be paid in the form of 5,192,000 common shares of the Corporation. Highlights Point Loma has entered into an agreement to [...]
Calgary, Alberta - Point Loma Resources Ltd. is pleased to provide an update on its emerging Duvernay shale oil play, highlighted by the May 30th Alberta Land sale where 81,920 acres near Point Loma’s acreage were acquired by third parties for $33.6 million. Highlights: Point Loma currently holds approximately 15,000 net acres in the West Duvernay [...]
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