GEOCANGeomatics Canada - Géomatique Canada
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GEOCAN is an oil and gas company with operations in British Columbia, Alberta and Saskatchewan and currently has 55,945,239 common shares issued and outstanding.
GEOCAN nearly doubled the number of employees from 13 to 25 while keeping G&A expenditures in check, increasing only 7% on a boe basis.
GEOCAN is now positioned to increase its operated production there, better assess future opportunities at a well level and accept more third-party gas volumes to this facility.
Drilling Operations - During the first quarter, GEOCAN participated in the drilling of 11 gross wells (8.
CALGARY, June 21 /PRNewswire-FirstCall/ -- GEOCAN Energy Inc.
GEOCAN continues to look at financing strategies for developing its steam assisted gravity drainage (SAGD) property in the Lloydminster area.
GEOCAN is an oil and gas company that explores for, develops and produces crude oil and natural gas in British Columbia and Alberta.
GEOCAN continued to reduce payables during the quarter.
GEOCAN's Board of Directors believes that the purchase of Common Shares pursuant to the normal course issuer bid is in the best interests of GEOCAN and its shareholders as the Common Shares may become available for purchase at prices which make them an appropriate use of GEOCAN's funds.
The Company concurrently announces that further information regarding GEOCAN and the process is now available on the Tristone Capital Inc.
CALGARY, March 31 /PRNewswire-FirstCall/ -- GEOCAN Energy has on today's date filed its Annual Information Form for the year ended December 31, 2007, which contains the disclosure and reports relating to reserves data and other oil and gas information, effective as of December 31, 2007, required pursuant to National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities of the Canadian Securities Administrators.
The Board of Directors of GEOCAN has unanimously determined that the Arrangement and Arrangement Agreement are in the best interests of GEOCAN and the GEOCAN shareholders.