IIROC Trade Halt - Wellstar Energy Corp.
Vancouver, British Columbia--(Newsfile Corp. - March 24, 2017) - The following issues have been halted by IIROC: Company:
2017-03-24 7:54 AM EDT
WellStar Energy Corp. Signs LOI to Acquire Sundial Energy Ltd. Plans to Harness Geothermal Energy From Producing Oil Wells -- A First in Canada
Calgary, Alberta--(Newsfile Corp. - December 1, 2016) - WELLSTAR ENERGY CORP. (TSXV: WSE) (the "Company") advises that the Company has entered into a Letter of Intent dated November 25, 2016 (the "LOI") in connection with the acquisition of Sundial Energy Ltd. ("Sundial") which represents an undivided 100% interest in its assets and intellectual property. Sundial is involved in the field of geothermal heating applications, LED lighting and solar power generation. WellStar, at its McTaggart,...
2016-12-01 1:15 PM EST
WellStar Energy Corp. Enters into $12,000,000 Letter of Intent to Acquire Operated Oil and Gas Assets in Alberta, Canada
Calgary, Alberta--(Newsfile Corp. - July 28, 2016) - WELLSTAR ENERGY CORP. (TSXV: WSE) (the "Company"), advises that the Company has entered into a Letter of Intent dated as of July 27, 2016 (the "LOI") in connection with the acquisition of certain oil & gas assets located in East Central Alberta (the "Assets") from an arm's length vendor (the "Acquisition"). Pursuant to the terms of the LOI, the Company will acquire the Assets in consideration for a net purchase price of $12,000,000...
2016-07-28 10:43 AM EDT
WellStar Announces Mechanical Update to NI 51-101 Compliant Oil & Gas Reserves Report
Calgary, Alberta--(Newsfile Corp. - February 22, 2016) - WELLSTAR ENERGY CORP. (TSXV: WSE) ("WellStar", or the "Company") announced today that Trimble Engineering Associates Ltd. ("Trimble"), a qualified reserves evaluator, has prepared a mechanical update (the "Mechanical Update") to the National Instrument 51-101 compliant report they completed effective August 31, 2015 (the "Reserves Report") estimating reserves and future net revenues for the Company's oil and gas properties in...
2016-02-22 11:56 AM EST
WellStar Announces Signing Letter of Intent for Alberta Acquisition
Calgary, Alberta--(Newsfile Corp. - January 25, 2016) - WELLSTAR ENERGY CORP. (TSXV: WSE) ("WellStar", or the "Company") announced today that it has signed a letter of intent ("LOI") to acquire an undivided 50% working interest in producing lands in west-central Alberta by issuance of shares and warrants. The acquisition contemplates the Company issuing the vendor 750,000 shares at a deemed value of $0.10 per WellStar share and granting 500,000 share purchase warrants exercisable at a price...
2016-01-25 11:26 AM EST
WellStar Energy Corp. Announces it has Completed McTaggart SK Acquisition
Calgary, Alberta--(Newsfile Corp. - December 21, 2015) - WELLSTAR ENERGY CORP. (TSXV: WSE) ("WellStar", or the "Company") announced today that it has completed its previously announced asset acquisition to acquire a partner's (the "Vendor") interest in the Company's McTaggart, Saskatchewan oil project, plus additional lands and 2D seismic data. A right of first refusal was enacted by a third party causing the acquired interest to drop to 32.82% from the previously announced 39.29% (see news...
2015-12-21 1:40 PM EST
WellStar Energy Corp. Announces McTaggart SK Acquisition
Calgary, Alberta--(Newsfile Corp. - November 30, 2015) - WELLSTAR ENERGY CORP. (TSXV: WSE) ("WellStar", or the "Company") announced today that it has signed a Purchase and Sale Agreement to acquire a partner's (the "Vendor") 39.2925% interest in the Company's McTaggart, Saskatchewan oil project, plus additional lands and 2D seismic data. Before adjustments, the purchase price for the acquisition is $90,900. The Company has deemed this to be an exempt transaction. WellStar's President & CEO...
2015-11-30 1:15 PM EST
WellStar Energy Corp. Announces Normal Course Issuer Bid
Calgary, Alberta--(Newsfile Corp. - November 2, 2015) - WELLSTAR ENERGY CORP. (TSXV: WSE) ("WellStar", or the "Company") announced today its intention to commence a normal course issuer bid ("NCIB") for up to 1,181,888 common shares of the Company (the "Shares"), representing up to 5% of the common shares issued and outstanding as at October 20, 2015. Purchases will be by way of open market purchases through the facilities of the TSX Venture Exchange (the "Exchange") and the Company will pay...
2015-11-02 9:00 AM EST
WellStar Energy Announces Successful Recompletion in Southeastern Saskatchewan
Calgary, Alberta--(Newsfile Corp. - September 29, 2015) - WELLSTAR ENERGY CORP. (TSXV: WSE) ("WellStar", or the "Company") announced today that after 4 days of testing, it has achieved production results of approximately 60 barrels of oil per day of light sweet crude from the Winnipeg Sand recompletion program at its McTaggart property in southeastern Saskatchewan. WellStar proceeded with the recompletion of the Winnipeg Sand formation by fracture stimulating a portion of the original...
2015-09-29 8:30 AM EDT
WellStar Announces Closing of Private Placement
Calgary, Alberta--(Newsfile Corp. - September 21, 2015) - WELLSTAR ENERGY CORP. (TSXV: WSE) (the "Company") announced today it has closed a non-brokered private placement in the amount of $750,000 through the sale of 7,500,000 Flow Through Units (the "FT Units") at $0.10 per FT Unit (the "Offering"). Each FT Unit will consist of one common share (a "FT Unit Share") and one half of one common share purchase warrant. Each whole warrant will entitle the holder thereof to purchase one common...
2015-09-21 2:12 PM EDT
WellStar Energy Increases Offering up to $750,000
Calgary, Alberta--(Newsfile Corp. - September 2, 2015) - WELLSTAR ENERGY CORP. (TSXV: WSE) announced today that it increased, subject to regulatory approval, its non-brokered private placement in the aggregate amount up to $750,000 from $500,000 as previously announced on May 1, 2015. For further information, please contact Andrew H. Rees at (403) 919-7900. ON BEHALF OF THE BOARD (signed) "Andrew H. Rees" Andrew H. Rees President and Chief Executive Officer Neither the TSX Venture Exchange...
2015-09-02 7:58 PM EDT
WellStar Energy Announces Commencing Work in Southern Saskatchewan
Calgary, Alberta--(Newsfile Corp. - August 27, 2015) - WELLSTAR ENERGY CORP. (TSXV: WSE) ("WellStar", or the "Company") announced today it has commenced work at its McTaggart property in southern Saskatchewan. WellStar's wholly owned subsidiary Nexxtep Resources Ltd. (Nexxtep), is proceeding with a planned recompletion of the Winnipeg Sand formation at the Company's McTaggart property in southern Saskatchewan. The Company intends to fracture stimulate a portion of the original Winnipeg Sand...
2015-08-27 9:15 AM EDT
WellStar Energy Announces Results from Leduc Area Development
Calgary, Alberta--(Newsfile Corp. - March 17, 2015) - WELLSTAR ENERGY CORP. (TSXV: WSE) ("WellStar", or the "Company") is pleased to announce results and development plans from its successful re-entry program recently completed in the Leduc area of west-central Alberta. On January 16, 2015, the Company re-entered its operated 35% working interest Mannville oil well. The purpose of the successful re-entry program was to test a potentially productive upper bypass zone in the Glauconitic...
2015-03-17 10:34 AM EDT