FRUSTRATED BY DELAYS IN LICENSING PROCESS CZECH OILSANDS INVESTOR PUTS CANADA ON NOTICE OF A CLAIM UNDER BILATERAL INVESTMENT TREATY

Apr 08, 2019 | by Damien Charlotin Canada has been put on notice of a dispute by a Czech investor, the Lama Energy Group, under the Canada-Czech Republic bilateral investment treaty, IAReporter has learned. The dispute is related to a stalled oilsands project in Alberta that has been pending regulatory approval, and in which the group’s Albertan subsidiary, Petrolama...

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Corbella: Notley’s ‘beating down’ of the oil patch should cost her the election

Photo Credit: A aerial view of Kinder Morgan’s Trans Mountain marine terminal, in Burnaby, B.C., is shown on Tuesday, May 29, 2018. Canada’s Parliamentary budget watchdog says government paid “sticker price” for the Trans Mountain pipeline project when it purchased the pipeline from Kinder Morgan for $4.5 billion. JONATHAN HAYWARD / THE CANADIAN...

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Do We Have a Moratorium on Oil Sands Development ?

Global News Radio – the Danielle Smith Show. Guests Brad Gardiner, President, and CEO of Prosper Petroleum and Scott Holmes of Petrolama, foreign investor in the Rigel project. Listen now.   Listen To the Live...

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Acceleware Ltd. Announces Commercial-Scale Test of Innovative RF XL Technology with Prosper Petroleum

Calgary, AB, Canada – July 17, 2018 – Acceleware Ltd. (TSX-V:AXE) (“Acceleware” or “the Company”) announced today that it has entered into a commercial test agreement (the “Agreement”) with Prosper Petroleum Ltd. (“Prosper”) to perform a commercial-scale test (the “Test”) of Acceleware’s RF XL radio frequency heating technology. The Test will commence immediately at...

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AER Approves Prosper Petroleum’s Rigel SAGD Project

Prosper Petroleum Ltd. is pleased to have received the Decision Report (2018 ABAER 005) from the Alberta Energy Regulator (AER) concerning the Rigel Project. Prosper is a private upstream oil and gas company headquartered in Calgary Alberta.  The company has land holdings in Alberta and Saskatchewan and is mainly focused on heavy oil and oil sands.  The company owns...

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Prosper Rigel Correction

The evidentiary portion of the Alberta Energy Regulatorhearing on applications for Prosper Petroleum Ltd.’s proposed Rigel SAGD oilsands project northwest of Fort McMurray is scheduled to continue until Jan. 19, 2018. The hearing will reconvene for final arguments at a later date and the hearing panel will release its decision on the project applications within 90 days...

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