News Releases

May 16, 2016

Oil Rises to Six-Month High as Goldman Sees Demand Above Output

Posted On May 16th
By : EnergyNow Media
Comment: Off
Tag: US and International News
May 16, 2016
(Bloomberg)

Oil climbed to a six-month high as Goldman Sachs Group Inc. said the market moved into a deficit earlier than expected following supply disruptions in Nigeria and an increase in demand.

Futures rose as much as 2.6 percent in New York. The shift to a supply deficit this month happened one quarter earlier than forecast, Goldman Sachs said in a report. The bank raised its price forecasts, while projecting a return to surplus early next year. Militant attacks and pipeline outages have cut Nigerian volumes by at least 30 percent, its petroleum minister said last week.

After falling to a 12-year low earlier this year, oil has rebounded on signs the worldwide glut will ease amid production cuts. The supply surplus in the first half is proving to be smaller than estimated, the International Energy Agency said last week, citing robust demand in India and other emerging nations. Morgan Stanley, Barclays Plc and Bank of America Corp. joined Goldman Sachs in noting that supply losses are leading markets to rebalance.

“The oil market looks set on a course for rebalancing much faster than previously expected,” Barclays analysts Miswin Mahesh and Kevin Norrish said in a report. “Fresh catalysts in the form of large and extended supply outages in Nigeria are supporting upward price momentum in oil, just when it seemed about to fade.”

 

Goldman View:

West Texas Intermediate for June delivery increased as much as $1.19 to $47.40 a barrel on the New York Mercantile Exchange, the highest since Nov. 4, and was at $47.22 by 8:37 a.m. local time. Total volume traded was near the 100-day average. Prices have climbed more than 75 percent from their February low.

Brent for July settlement increased as much as $1.25 to $49.08 a barrel on the London-based ICE Futures Europe exchange. The contract declined 25 cents to close at $47.83 on Friday. The global benchmark crude was at a premium of 96 cents to WTI for July.

Goldman increased its WTI price forecasts for the second quarter through the fourth, while raising its full-year 2016 projection to $44.60 a barrel from $38.40. There’ll be a more gradual decline in inventories in the second half than previously estimated and a return to a production surplus in the first quarter of 2017, with low-cost output continuing to grow, the bank said.

“The physical rebalancing of the oil market has finally started,” Goldman analysts Damien Courvalin and Jeffrey Currie wrote in the report dated May 15. “The market has likely shifted into deficit in May.”

 

Oil-market News:

China reduced crude production in April by 5.6 percent from a year earlier to 16.6 million metric tons, the lowest level since February 2015, according to data from the National Bureau of Statistics. The decline rate was the most since November 2011. Refining at Chinese plants increased 2.4 percent from a year earlier to about 10.93 million barrels a day last month, the data show. Rigs targeting crude in the U.S. fell to 318 after 10 were idled last week, Baker Hughes Inc. said Friday. Explorers have cut more than 1,000 machines since the start of last year. The Organization of Petroleum Exporting Countries kept forecasts for global supply and demand unchanged in its last monthly assessment before members meet to review the market on June 2. Supplies of four key Nigerian crude grades — Bonny Light, Qua Iboe, Forcados and Escravos — have been disrupted as a result of sabotage and accidents.

 

 

April 25, 2016

Saudi Prince Says Aramco Valuation Seen at Above $2 Trillion

Saudi Arabia’s Deputy Crown Prince Mohammed bin Salman said he expects the value of Aramco to exceed $2 trillion as the kingdom prepares to sell part of the company in what could be the world’s largest initial public offering.

The valuation of Saudi Arabian Oil Co. hasn’t been completed, Prince Mohammed said in an interview with Saudi-owned Arabiya television.

The government plans to sell less than 5 percent of Aramco. The sale is a key part of “Saudi 2030 Vision” and will help increase transparency, the prince said in the interview. Aramco units will be offered in a second stage, he said.

Prince Mohammed is leading the biggest economic shakeup since the founding of Saudi Arabia in 1932, with measures that represent a radical shift for a country built on petrodollars.

 

January 25, 2016

http://energynow.ca/oil-drops-as-saudis-to-maintain-spending-china-diesel-use-falls/

(Bloomberg) — Oil gave up its gains after the world’s biggest crude exporter said it’s keeping up investments in energy projects and diesel consumption in China dropped for a fourth consecutive month, signaling an industrial slowdown.

Futures dropped as much as 4.1 percent in New York. Saudi Arabian Oil Co., also known as Saudi Aramco, hasn’t reduced its investment capacity amid lower crude prices, Chairman Khalid Al- Falih said Monday. Diesel use in China dropped 5.6 percent in December compared with a year earlier and gasoline consumption grew at the slowest pace in more than two years.

Oil resumed its decline after the biggest two-day rally in more than seven years as concerns persist over U.S. stockpiles, production from Saudi Arabia and Russia and Iran’s return to the market following the end of sanctions. Slowing demand in China is adding to oil’s bearish sentiments, according to Danske Bank A/S Senior Analyst Jens Pedersen. Prices may take as long as three years to normalize, according to Bank of Montreal Chief Executive Officer William Downe.

“The China demand figures is a stark reminder that consumption growth may not be stellar in 2016,” Bjarne Schieldrop, Oslo-based chief commodities analyst at SEB AB, said by phone. “Prices needs to stay weak for some time in order to keep excess production out and help rebalance the market later.”

October 06, 2015 News Release:

Stormhold Energy Ltd. Shareholders and Related Parties

The Board of Directors are pleased to announce the appointment of Mr. Kallum McIvor, as Consulting Geologists to Stormhold Energy Ltd.

Kallum McIvor, B.Sc., GIT: Kallum majored in Geology at the University of Calgary. He began his career in the oilfield service sector working with Weatherford. While at Weatherford Kallum was able to complete several open and cased hole logging courses and become acquainted with numerous log based and geological software programs.

Throughout his academic career, Kallum focused on sedimentary, carbonate and log based courses. Some academic highlights include; petrophysical techniques, well logging and formation evaluation, subsurface methods of petroleum geology, sedimentary petrology, sequence stratigraphy, stratigraphy and sedimentation.

Kallum is a registered Member in Training (MIT) with the Association of Professional Engineers and Geoscientists of Alberta (APEGA).

 

September 28, 2015

President’s Message

Shareholders of Stormhold Energy Ltd.                                                       

Since my previous address, the markets for junior resource companies has not improved; if anything they may be even worse, but I am not here to dwell on bad news and present explanations for low commodity prices under a promise that the future will be better. I am here to discuss our accomplishments, share some of my insight into the future of Stormhold Energy Ltd. and our future development strategy. In this past year, we have drilled 3 pilot wells that are under completions and future updates will follow when available. We have successfully expanded our land position and revised our exploration and development program within our limited budget. We have hired additional professional Consultants, increasing our industry experience and area knowledge. We have done this in what could be deemed the worst market scenario for the junior resource sector ever. We are currently finalizing details and corporate structures for our joint venture projects in order to move these forward with even greater efficiency. As these are now near complete, we believe it is time to refocus our attention to growing opportunities for the company and its shareholders. Despite the current decline in commodity prices, we know the demand for energy resources is set to increase in the near future. Our corporate Team has developed considerable expertise in all aspects of our play and our technical Team has become well versed in the exploration, development and completions techniques necessary to move forward. The mineral exploration and development industry is seeing virtually no cash injected into funding, advancing and developing new deposits to meet this future demand. Unlike most, Stormhold Energy Ltd. has taken the necessary steps to assure our exploration and development program is successful while jumping over many hurdles as we have in the past. The next step is to find additional strategic partners to assist us financially and technically to develop Stormhold Energy Ltd. further. We started this company with the vision to bring sustainable upside for our Shareholders, partners, family and friends and we continue to work toward that goal.

Regards,

Chadd Radke

President/ CEO

 

September 17, 2015 News Release:

SEL announces the acquisition of 15 sections (3,885 hectares or 9,600 acres) of mineral rights in east central Alberta.

Stormhold Energy Ltd. is pleased to announce that Stormhold Energy Ltd. (SEL) was successful at the September 16, 2015 Alberta Land Sales Auction and secured Crown Lease Mineral Rights on 15 sections across multiple zones. These lands are also located between two historically producing areas of Alberta, the Provost Field & the Fenn Big Valley Field. That brings the SEL land position in the area to a total of 152 plus sections (97,280 acres) of multiple low risk zone potential.

July 07, 2015

Stormhold Energy Ltd. Shareholders and Related Parties

The Board of Directors are pleased to announce the appointment of Mr. Bernie Dumanowski, as an Senior Engineering Consultant to Stormhold Energy Ltd.

Bernie Dumanowski, P.Eng., Senior Drilling & Completion Engineer for Stormhold Energy Ltd, has over 27 years of engineering experience in the oil & gas industry which includes: drilling, completions, facilities construction, pipeline construction, production operations, exploitation and special projects. His experience is garnered from a broad range of technical and management roles. The majority of his experience has been in the Western Canada Sedimentary Basin in addition to HPHT (high pressure-high temperature) experience in the San Joaquin Basin, California USA. Recent experience has been in Southern Alberta with development of Mannville tight oil and tight gas plays utilizing horizontal drilling and multi stage hydraulic fracturing.

Bernie started his career with Renaissance Energy Ltd. spending over 13 years in various positions with increasing responsibility. He has assisted in the advancement and use of innovative technologies with respect to drilling, completions and production operations. His current engineering special interests are thermal spallation drilling, deep geothermal wells, toroidal engines and CHP (combined heat power) units.

Bernie is a registered member of A.P.E.G.A. (Association of Professional Engineers and Geoscientists of Alberta), PTAC (Petroleum Technology Alliance Canada) and CanGEA (Canadian Geothermal Energy Association)

Bernie received his B. Sc. degree in Petroleum Engineering in 1987 from the University of Wyoming.

 

June 05, 2015

Stormhold Energy Ltd. Shareholders and Related Parties

The Board of Directors are pleased to announce the appointment of Mr. Tao Guo, as an Engineering Consultant to Stormhold Energy Ltd.

Mr. Guo is a registered member of the Association of Professional Engineers and Geoscientists of Alberta (APEGA) and the Society of Petroleum Engineer (SPE); he also holds a

B.Sc. degree with Distinction in Petroleum Engineering, obtained from University of Alberta, in 2011, M.Sc. degree in Chemical Engineering, specializing in Reservoir Engineering, obtained from University of Calgary, in 2014 and is experienced in acid stimulation and horizontal well production in Alberta carbonate reserve, with Laricina Energy; software skills of a range of petroleum/reservoir software, including: Accumap, Schlumberger Petrel, Eclipse and CMG Stars and CMOST; Research study on Alberta SAGD pad operation, work presented at SPE Heavy Oil Conference at Calgary, Alberta 2013; Knowledge in Internal Control Device (ICD), used in horizontal well for fluid profile control; operation experience with Imperial Oil – Cold Lake Cyclic Steam Stimulation work.

Mr. Guo also received a variety of awards and scholarships in the industry, including: Queen Elizabeth II Scholarship (2013); Cenovus Energy Petroleum Engineering Award (2011); World Petroleum Council Millennium Award (2010-2011).

 

June 03, 2015

In search for: (2) Drilling Engineers (2) Completions Engineers

Please email your resume via: our contact page.

March 19, 2015

Stormhold Energy Ltd. Shareholders and Related Parties

Further to our announcement October 17, 2014, welcoming Mr. Doug Biles, P.Eng.,

to our Consulting Team, the Board of Directors are pleased to announce the appointment of

Doug to the position of Executive Vice-President, Engineering, responsible for over-seeing

and coordinating all drilling and operational activities involved with Stormhold’s drilling and

completions program.

 

Mr. Biles is a senior executive and a Professional Engineer with in excess of 45 years domestic and international experience in the upstream hydrocarbon industry. His experience includes a broad scope of technical, operational and management issues ranging from license negotiations (both from the government’s side and from the operator’s side) through greenfield and rehabilitation projects to oil and product sales, including thirty years work in International Operations in Europe, the Middle East, the Far East, Africa, South America, Russia and the Former Soviet Union.

Mr. Biles served as Chinook Group’s CEO from 1993 to 1997 and has been Executive Chairman since 1997. The markets that Chinook Group serves are constantly advancing, making it vial that CG advances as well, in order to continue providing its clients with current information, technologies and services.

Previously, Mr. Biles held positions as Chairman, CEO, President and Director of oil and gas companies in both the public and private sector, including international divisions of Kerr McGee; which was a Fortune 100 integrated multinational Oil and Gas Company. During his time with Kerr McGee he was General Manager of TransOcean Drilling and TransWorld Drilling International, after being Country Production Manager for Canada.

Prior to that he was Operations Manager for Murphy Oil Canada, Drilling Superintendent for Home Oil and Drilling Engineer for Hudson’s Bay Oil & Gas.

PROFESSION:         Executive Vice-President/ Professional Engineer

KEY QUALIFICATIONS: A Senior Executive and P.Eng with in excess of 45 years (25 years international) experience in the upstream hydrocarbon industry. Experience includes a broad scope of technical, operational, management and Board issues ranging from company formation, license negotiations (both from the government’s side and from the operator’s side) through greenfield and rehabilitation projects to sale of companies.

EDUCATION:             B Sc Chemical Engineering, University of Calgary

                                      B Sc Biochemistry, University of Calgary

MEMBERSHIP IN PROFESSIONAL SOCIETIES:     

  • Alberta Association of Professional Engineers and Geoscientists (APEGA)
  • Society of Petroleum Engineers (SPE)

 

March 17, 2015

Stormhold Energy Ltd. Shareholders and Related Parties

The Board of Directors are pleased to announce the appointment of Mr. Richard Bartlett, as a Consultant to Stormhold Energy Ltd.

Mr. Richard Bartlett, president of Hydro-Fax, has over 35 years of D.S.T application and hydrodynamic experience, having established Hydro-Fax in 1987. He has extensive hydrogeological experience in the N.W.T. and Western Canadian sedimentary basin. Richard has given talks at the CSPG on a couple of hydrodynamic evaluations. Richard also has taught D.S.T. interpretation and the application of hydrodynamics’ in the industry.

Value of Hydrodynamics

  • Determine the disposition of a reservoir’s aquifer and its relation to hydrocarbons within
  • Define pressure compartment’s distribution within the respective reservoir
  • Define direction of preferential migration through application of potentiometric surface mapping
  • Determine where your prospect fits. Is it a new find or an extension of the known play
  • Determine where your reservoir’s pressure is now
  • Define the reservoir’s pressure, and through D.S.T. mapping, the quality of your reservoir and how it behaved while testing

 

March 13, 2015 News Release:

SEL announces the acquisition of 61 sections (15,424 hectares or 39,177 acres) of mineral rights in east central Alberta.

Chadd Radke, CEO & President is pleased to announce that Stormhold Energy Ltd. (SEL) was successful at the March 11, 2015 Alberta Land Sales Auction and secured Crown Lease Mineral Rights on 61 sections across multiple zones. These lands are also located between two historically producing areas of Alberta, the Provost Field & the Fenn Big Valley Field. That brings the SEL land position in the area to a total of 240 sections of multiple low risk zone potential.

 

March 10, 2015

Stormhold Energy Ltd. Shareholders and Related Parties

Wells presently licensed, two of which are drill ready (Wells 4 of 18)

STL Hz Halkirk 6-6-38-16 (surface location at 1-6-38-16) Well License #0470653 as a Pika/ElkPoint/Camrose well

Surface lease acquired.

STL Hz Halkirk 15-14-38-17 (surface location at 1-14-38-17 Well License #0470702 as a Pika/ElkPoint/Camrose well

Surface lease acquired.

STL Hz Provost 12-36-37-16 (from surface 16-36-37-16W4); Well License #0474820 as a Mannville/Camrose/Pika.

  1. Padsite survey at 16-36-37-16W4 completed. Surface lease acquired.

STL Hz 102 Provost 4-36-37-16 (from surface 16-36-37-16W4); Well License #0474821 as a Mannville/Camrose/ Pika.

  1. Padsite survey at 16-36-37-16W4 completed. Surface lease acquired.

 

March 06, 2015

Bernie DeLorme is a Senior Advisor to the Board and has recently accepted the position of Business Development Senior Consultant with Stormhold Energy Ltd.

His thirty years industry experience includes General Manager with LRS Canada (Litton Resource Systems) that developed and marketed high technology products for exploration and development. The Business Development Senior Consultant position is responsible for industry joint venture relationship building and Research and Development. Bernie has numerous years of experience as Director of Marketing for Scientific Software and Teknica Resource Development providing geophysical, geological and reservoir development software and services to E and P companies

Bernie is the co-founder of CCSVI Calgary Society a volunteer non-profit group. Chronic Cerebrospinal Venous Insufficiency (CCSVI) is a recently discovered medical condition linked to many neurological diseases and symptoms with previously unknown origins including MS, Alzheimer’s and Parkinson’s.

Bernie is an active member of the Canadian Society of Exploration Geophysicists (CSEG) and a Geophysical and Hydrodynamic Data Consultant.

 

March 03, 2015

Stormhold Energy Ltd Shareholders and Colleagues,

Please find two new Well Licenses (STL Hz 102 Provost 4-36-37-16 and STL Hz Provost 12-36-37-16)

These locations are part of our  18 Well Program

 

February 26, 2015

Stormhold Energy Ltd. Shareholders and related Parties

Ms. Stephanie Hall,  Executive Assistant of the Corporation, has been recently appointed as Joint Venture Administrative

Co-ordinator/ Executive Assistant.

Ms. Hall’s new duties and responsibilities include maintenance of  all corporate records, administrative duties, office management, health and safety requirements, human resources and company benefits.

Stephanie will also track all Corporate records pertaining to  partnerships and provide ongoing maintenance of company and partnership records. Additionally, Ms. Hall will ensure all service agreements and revisions are entered properly, through the administration of all agreements and communicate revisions to internal groups, Partners and third parties. Her duties include assisting the Joint Venture Contracts Analyst/ COO in responding to Accounting and Audit queries regarding contractual obligations and maintain our Cost Recovery Report on a monthly basis. This will also involve  special projects and other related responsibilities of the COO.

Ms. Hall has been with Stormhold Energy Ltd. since inception and has over 12 years of business experience in public relations and oil and gas.

 

February 04, 2015

Oil is on a Gigantic Tear

Either a short squeeze or expectations of lower supply has caused the price of oil to boom by more than 20 percent

http://www.bloomberg.com/news/articles/2015-02-03/oil-is-on-a-gigantic-tear

After plunging for months, the price of oil has boomed over 20 percent in just the last three trading days. Last Friday it was just over $44 per barrel. Today it’s selling at nearly $54 per barrel.

There are various theories for why oil is moving so hard: Short covering is one possibility, meaning bearish traders have been caught in a squeeze by the turnaround. There’s also hope that supply will rapidly come offline, bringing the market into balance. Last Friday saw a big drop in the number of active U.S. oil rigs.

Regardless of what’s driving it, this is a major turnaround!

 

January 17, 2015

Stormhold is raising $50,000,000.00 in flow-through shares

Stormhold Energy Ltd. is pleased to report that we are currently drilling three locations in the Stettler Halkirk area. These are TIGHT HOLE WELLS and no results will be released due to the competitive nature of the industry in this area. These first wells are part of a twelve well program, at which time, in conclusion of the drilling program, the results will be tabulated, assessed as to total reserves and the Company will conclude its mandate; engineer reserves and market the Company further.

Consequently, Stormhold is offering flow-thru shares at $1.00 per flow-thru share with the renunciation of 100% of the Canadian Exploration Expenses (CEE) incurred, up to a total of $50,000,000.00. The funding for the balance of the drilling program has been sourced with outside Industry Partners.

These shares are available on a first come, first serve basis.

We look forward to drawing this project to a successful conclusion and thank all for your continued support.

“SIGNED”

THE BOARD OF DIRECTORS

 

October 17, 2014

Shareholders Stormhold Energy Ltd.

The Board of Directors of Stormhold Energy Ltd. are pleased to announce we have added Mr. Douglas Biles to our Team of Technical Consultants.

Mr. Biles is a senior engineer with over 40 years of domestic and international experience in corporate and project development and in the management of numerous multi-billion dollar domestic and international Companies. Doug has been a senior executive or operations manager for  numerous oil and gas Companies operating in Alberta (Hudson’s Bay Oil and Gas; Home Oil; Kerr McGee Canada; Murphy Oil Canada) and numerous senior roles internationally including Operations Director, TransOcean Drilling Ltd., as well as CEO of Wescorp Energy Inc. and CEO of Atlantic Caspian Resources PLC.

 

September 19, 2014

Stormhold Energy Ltd. Shareholders

Please be advised all services are in place including the drilling rig, consultants and well site preparation.

We are reshaping the well pad/ site next week pending the rain and moving the drilling rig as well.

In addition, our Board of Directors are pleased to announce Mr. Dave Fream, has joined our Team of Consultants.

Mr. Dave Fream has over 30 years’ experience in upstream and midstream sectors of the oil & gas industry. Dave works as a Consultant to Stormhold Energy Ltd. coordinating field services and operations. Over the course of his career, Dave has worked in senior roles for several multinational energy and energy services companies, most recently as Canadian Consultant for IOT Infrastructure & Energy Services of Mumbai, India and prior as Vice President and General Manager of Newsco International Energy Services. Dave also founded and developed three energy industry companies in the areas of commodity marketing, engineering and downhole well-drilling tools and has extensive international experience. Dave received a Master of Arts degree in International & Intercultural Communications in 2014 from Royal Roads University.

August 27, 2014

Stormhold Energy Ltd. will be licensing additional locations pending our partners commitment.

 

July 07, 2014

The latest issue of Oilfield PULSE hit the digital airwaves this past Monday.

Click on the link below to see your article on page 18. Feel free to share it with your colleagues and social platforms:

http://www.oilfieldpulse.com/magazine/current-issue/ 

 

May 30, 2014

Over the past several months, the Board of Directors of Stormhold Energy Ltd. has been in discussions with Capital Groups, both internationally and here in Canada, regarding our Company. 

We have had additional independent valuations completed respecting the assets of the Company and the numbers are much higher than we ever envisioned from an internal perspective. 

Progress is slow with these Principal Groups but deals of the magnitude that we are dealing with require extensive due diligence, both from a technical review, as well as financial and corporate scrutiny.

To this end, any additional capital raised will be at the price of $1.00 per common share, beginning June 20, 2014.  This is an increase of 33% in the share value.  Interested parties may acquire shares at $0.75 per common share until close of business June 20, 2014. 

We thank you for your continued support.

Respectfully, on behalf of the Board of Directors:

 

May 12, 2014

Working with competent suppliers is another KEY element to our success!

Please open the attached “link”      http://bit.ly/1hAwCH1

 

April 08, 2014

http://www.leadstonegroup.com/headlines/press-release-leadstone-group-inc-stormhold-energy-ltd-join-forces/

 

March 25, 2014

http://www.oilfieldpulse.com/magazine/current-issue/#sthash.vRvLmN9W.LXWo64Cu.dpbs

 

February 24, 2014

We are pleased to announce SEL has signed an Memorandum of Understanding with a prominent Chinese gas to liquids Group for the delivery of 200 MMCF per day for 20 years.

SEL plans to drill 40 Horizontal wells during 2014 to 2016, producing no less than 200 MMCF of natural gas per day. In 2017 to 2018, SEL plans to drill another 40 Horizontal wells to continue to fulfill the Natural Gas Contract LNG plant in British Columbia. The first phase for developing the natural gas will be funded at $50,000,000.00 with our JV partner.

Our JV partner will invest another $70,000,000.00 from banks in China. The $120,000,000.00 will be used to drill 80 Horizontal wells that will fulfill the 200MMCF per day Natural Gas Contract for over 20 years.

 

November 01, 2013

Stormhold Energy Ltd

Please be advised Stormhold Energy Ltd is offering flow-through-shares

If you are interested please contact Chadd Radke/ CEO chadd@stormholdenergy.ca directly.

 

October 24, 2013

Shareholders Stormhold Energy Ltd.

The Board of Directors of Stormhold Energy Ltd. are pleased to announce Mr. Tom Ellis and Mr. Greg McCallum have both accepted the positions of Independent Directors responsible for business related Corporate Governance.

Mr. Tom Ellis sat the position as Senior Advisor to the Board until just recently. Mr. Ellis, with over 20 years of business, operations, management and leadership experience focused on strategic planning in each discipline. Mr. Ellis has joined the Board on Business related Corporate Governance decisions as well as looking after community affairs. Tom and his family have resided in Calgary since 1986 and is involved in numerous community and corporate organizations.

Mr. Greg McCallum is an accomplished senior business leader with 15+ years’ experience with a leading national telecommunications company.  Mr. McCallum will serve as an Independent Director serving on the Corporate Governance Committee and his experience will be a benefit to our organization.  Greg and his family reside in Calgary, AB and he continues to hold executive responsibility with various community endeavors.

 

STORMHOLD ENERGY LTD. BOARD of DIRECTORS

Ted K. Cantlon – Compensation / Audit Committee

Chadd Radke – Corporate Governance

Roger Giovanetto – Reserves

Tom Ellis – Independent Board Member/ Corporate Governance

Greg McCallum Independent Board Member/ Corporate Governance

Al Friesen – Independent/ Non- Board Member/ Compensation/ Audit Committee

Governance

The Board of Directors is responsible for overseeing and enforcing all significant management decisions of the Corporation. There are currently four (5) members on the Board and six (6) Advisors to the Board. Please visit the Officers section of this website for the names and biographical information of the members. The Board of Directors in consultation with its Advisors, set objectives for the Corporation and monitor the management of its business with the goal of achieving the Corporation’s principal objectives in the best interest of the shareholders.

Advisors to the Board

  • Al Friesen, CA, was qualified as a Chartered Accountant in 1967 with over fifty (50) years of accounting experience with private and public companies
  • Hans Heumann, Senior oil and gas Executive with over 30 years of experience in the Energy Industry
  • W. Scott Jamieson, P.Geoph. – Senior Geophysical Advisor with over  twenty four (24) years of Exploration experience
  • Bernie Delorme, Senior Seismic Advisor with thirty (30) years of industry experience including Exploration and Development.
  • Brett Sutter,  Investor Relations/ Community Affairs Committee
  • Pete Vandermeer, Investor Relations/ Community Affairs Committee

 

October 24, 2013

Flow-Thru Unit Offering of Stormhold Energy Ltd 

Offering  : total number of Units will be 9,000,000 Units for gross Proceeds of $6,750,000

Unit  : each Unit shall consist of one (1) Flow-thru share at $0.75 per flow-thru share, plus one (1) warrant to purchase one (1) common share at $0.75 per common share; warrant to expire April 30, 2014     

Use of Proceeds : Funds shall be used to drill a 700 metre horizontal leg in the well 102-6-34-37-17W4 and complete two (2) additional well and install a battery with all other necessary equipment

Tax Treatment : all CEE & CDE tax benefits shall be renounced to Flow-Thru shareholders.  It is anticipated that $5 Million  will be CEE, with the balance being treated as CDE.  The benefits shall be pro-rated to all Flow-Thru Shareholders

Timing : Offering shall be open until December 31, 2013

October 23, 2013

Stormhold Energy Ltd. has been invited again to the Asia Pacific Council event addressing international initiatives concerning Northeast Asia (China, Japan ,Korea).  held in Red Deer Alberta this coming Thursday (10/24/2013)

The events agenda is to present professional energy opportunities in Alberta and Stormhold Energy ltd is the ONLY energy company invited.

This is the second meeting we have been invited to discuss our project with interested Chinese Investors.

Link:   https://albertaasiaoctober24.eventbrite.ca/

 

October 01, 2013

Stormhold Energy Ltd was invited to meet with a Chinese Delegation in Stettler, Alberta September 28, 2013.

SEL met with the Chinese Delegation in Stettler at 4:15 P.M. and drove out to Leahurst Gas Plant,  located 2 Km East of Botha and 7 Km South.

SEL sat with the CEO of a MAJOR Chinese Corporation and his associates of  a hedge Fund located in Toronto.

 Discussed the following:

1)      Joint Venture with Stormhold on all gas assets described in materials in their possession;

2)      Markets for gas production and their requirement for long term assets;

3)      Timing of further negotiations;

They will respond as soon as they are able, the Delegation returns to Beijing this Saturday, but Stormhold was invited to have further dialogue with CEO from Toronto; he is in Calgary Tuesday and may have the opportunity to come to our offices on Wednesday.

Please keep in mind these negotiations are ongoing and if successful will allow Stormhold Energy Ltd. to further our business plan.

 

September 16, 2013  AGM September 13, 2013

The Board of Directors is pleased to announce Stormhold Energy Ltd. had a quorum at our Annual General Meeting September 13, 2013 as well as 62 % of all issued and outstanding shares voted in favor of all resolutions presented.

Moving forward:

We  have secured the largest private drilling company in Canada to assist Stormhold Energy Ltd. with our drilling program. The Company was established in the early 1960’s and has over 14 rigs operating in Western Canada, all capable of drilling long leg horizontal wells and have one of the highest safety records in the drilling rig industry.

This relationship will ensure Stormhold Energy Ltd. has the utmost proficient, capable and professional Team in place.

 

September 04, 2013 News Release: Controller

The Board of Directors of Stormhold Energy Ltd. is pleased announce the appointment of Mr. Wayne Friesen/ Controller.

Wayne Friesen is a Calgary based finance and accounting professional with seventeen years of experience in various positions in corporate senior accounting groups. 

Wayne has served as a corporate controller, lead corporate accountant, a contributing member of corporate finance departments and in a variety of key supporting roles in noteworthy Calgary companies (Petrel Robertson Consulting Limited, Precision Drilling Corporation, Toromont Industries, etc.).  Responding to growing demand for his services,

Wayne became an independent consultant in 2007, providing accounting and tax services in both US and Canadian reporting jurisdictions.  His client base spans manufacturing and construction operations, oil & gas operations, and small businesses and private investor accounting services. 

In 2013 Wayne expanded his offerings to include insurance products focusing on shareholder buy / sell agreements, immediate financing agreements and estate planning covering both personal high net worth filings as well as corporate assets.  Wayne holds an accounting degree (US) and is a CPA and CLU candidate.

December 06, 2012 News Release: Operational Update

In February 2012, The Board of Directors of Stormhold Energy Ltd. (SEL) announced the Farm-out of 11 sections of Crown Lease Mineral Rights to a private Red Deer based company with an option on 10 additional sections once four (4) wells have been drilled. The FARMEE did not meet the drilling commitments and therefor the joint venture (JV) agreement has since been terminated. In addition, SEL is awaiting the decision to abandon 3-2-39-16W4 “the location” completions yet TBD or offer the location back to SEL. SEL is actively looking for additional partners for this area of interest.

Test Well at 6-34-37-17W4 joint venture partner (JV) was to deepen to Contract Depth in accordance with the provisions of Article 3.00 of the Farmout & Royalty Procedure subject to surface access, government approvals and rig availability. Farmee, (JV) partner’s drill string became stuck down hole upon deepening the test. In addition, the JV partner did not complete the horizontal leg; therefore the Board of Directors settled with the JV partner releasing the agreement and taking back control of 6-34-37-17W4 December 01, 2012. Since then SEL has been approached by three (3) interested parties to assists SEL with the horizontal leg completion program. As soon as we secure our new JV partner, the horizontal 500 meter completion will commence. We anticipate this happening in the first quarter of 2013.

Marquee Energy, our (JV) partner has drilled 2 vertical test wells at Provost, Alberta of which SEL has a 10% net carried interest. Completion and tie-in of these wells is still underway. Once Marquee releases “tight hole” status, the SEL Board we will release the data to our stakeholders

 

October 10, 2012 News Release: SEL Redefines The Oil Business In Alberta

http://enertechadvisor.com/docs/EnerTech_Stormhold_121008.pdf

September 13, 2012 News Release: SEL Announces Community Affairs Committe

Stormhold Energy Ltd. is pleased to announce that Mr. Tom Ellis has accepted the position as Committe Lead of our Investor Relations/ Community Affairs Committee. Working alongside Tom will be Mr. Brett Sutter  and Mr. Pete Vandermeer.  This committee will advise the Management Team of the following:

  • Investors Relations
  • Community Affairs
  • Charitable Events

These positions are key to our Shareholders information sharing and knowledge. These individuals will update Shareholders on the above mentioned SEL activities.

September 07, 2012 News Release: SEL Announces Engagement with Mackie Research Capital Corporation.

The Board of Directors of Stormhold Energy Ltd. is pleased announce that we have engaged Mackie Research Capital Corporation (MRCC), a leading independent Canadian investment dealer, to act as financial advisor to your Company, effective September 7th.

MRCC has been in business for over 90 years (including its predecessor companies), and is focused on financing and advising emerging Canadian companies, with particular expertise in the oil & gas sector. We are pleased to have retained the services of MRCC’s experienced team of investment bankers as we continue to advance and grow your Company.

Over the coming months, MRCC will be working closely with the Management and Board of Stormhold. MRCC’s role will include introducing potential financing, joint venture and farm-in partners, as well as strategic M&A candidates to your Company. MRCC will assist in the valuation, structuring, negotiation and closing of any transaction as may result from such introductions. MRCC will also assist Stormhold in advancing and closing on any transaction with groups pre-dating MRCC’s engagement. MRCC’s engagement is strictly on a success basis.

This is a very exciting time for Stormhold. We strongly believe that we are on the cusp of realizing significant value for the Company’s shareholders.

August 31, 2012 News Release: SEL Announces Appointment

The Board of Directors of Stormhold Energy Ltd. is pleased to announce Mr. Bernie Delorme has accepted a position on our Advisory Board.

Mr. Bernie DeLorme has over thirty years of industry experience which includes General Manager with LRS Canada (Litton Resource Systems) that developed and marketed high technology products for exploration and development. Director of Marketing for Scientific Software and Teknica Resource Development providing geophysical, geological and reservoir development software and services to E and P companies.

Bernie is the co-founder of CCSVI Calgary Society a volunteer non-profit group. Chronic Cerebrospinal Venous Insufficiency (CCSVI) is a recently discovered medical condition linked to many neurological diseases and symptoms with previously unknown origins including MS, Alzheimer’s and Parkinson’s. 

“Bernie is an active member of the Canadian Society of Exploration Geophysicists (CSEG) and a Geophysical and Hydrodynamic Data Consultant.”

August 28, 2012 News Release: SEL Announces Appointment

The Board of Directors of Stormhold Energy Ltd. is pleased to announce Mr. Roland Labuhn has accepted the position of Independent Director.

Mr. Labuhn is an experienced technology and energy sector entrepreneur and leader of large scale corporate transformation programs.

Currently, Roland lead’s Accenture consulting’s $250m+ Energy Sector technology practice in Canada. In this role, Roland has developed and led some of Canada’s largest Energy Sector corporate transformation programs and has grown sales by over 50% in 2 years. Previously, Roland was the Vice President Energy Sector at TELUS, a $10b Canadian Telecommunication’s firm. In this role, he led TELUS’ ~$500m Energy Sector revenue base and developed value added strategies and partnerships to serve the complex needs of Oil and Gas and Utility sector clients; growing revenue over 10%/annum over his term.

Roland has also worked in several start-up business ventures, including nearly 8 years serving as the founder and President of Quorum Business Solutions (Canada) Inc.    Starting from no revenue and staff, Roland and the Quorum leadership team developed a $140m (U.S. $’s), 450 person Energy sector software and consulting firm. During his time at Quorum, Roland and his team developed several partnerships with global fortune 500 firms (e.g. SAP and Schlumberger) and led Quorum’s entry in to the Asian market.    Quorum is now the world’s largest independent Energy sector software firm and was sold to Riverstone Capital group and Caryle Private Equity.

Roland has also served in senior leadership roles at Deloitte consulting.  While at Deloitte, Roland served in several key global roles including a term leading several large scale programs in Deloitte’s New Zealand practice.

Roland holds a Bachelor of Management degree from the University of Lethbridge and a Masters of Business Administration from The University of British Columbia. He recently completed the prestigious Institute of Corporate Directors program through the Rotman School of Management (York).   He has participated in executive leadership programs at:

Instead, Rotman, UBC and the Banff School of Leadership.

He currently serves as a Director and founder of the Canadian Institute of Hydrocarbon Measurement, Chairman and founder of Solaris Energy, and Chairman and founder of Livestock TransAct. He lives in Calgary with his wife Carolyn and their two boys.

August 24, 2012 News Release: MARQUEE ENERGY LTD. ANNOUNCES RECORD PRODUCTION IN THE SECOND QUARTER 2012 AND PROVIDES OPERATIONAL UPDATE

Coutts, Provost

The first horizontal well at Coutts was completed in the sunburst zone in Q2 and is expected to be on production in late Q3. The Company drilled two vertical test wells in its Provost area in late 2011.

Equipping of the first test well is underway based on oil shows encountered during production testing….read more.

July 12, 2012 News Release: SEL announces appointment

The Board of Directors of Stormhold Energy Ltd. is pleased to announce Mr. Mark Winfield has accepted the position of Independent Director. Mr. Mark Winfield, has a B. Comm. and MBA from York University and is an Energy Sector Specialist, with more than 30 years of experience in all aspects of the Canadian Oil and Gas industry and in investment banking related to that industry.  He has participated in over $1.3 billion in financings for mergers and acquisitions of junior oil and gas companies.  Mark was a Co-founder and Principle of Jennings Capital and has held numerous positions with Regulatory Agencies, including the Alberta Stock Exchange.  He has also been involved in the operational and executive management of several oil and gas companies.

Most recently, Mark has being developing contacts and advisory services in the Asian market, specifically as they relate to investments in North America.

June 15, 2012 News Release: Survey obtained

Our JV (joint venture) partner has obtained survey consent from the land owners involved and expects to survey in the next 10/ 12 days.

The wells below are not listed in a priority sequence and will be worked on concurrently to ensure as many locations as possible are ready.

  • 02/11-11-038-13W4 New drill
  • 02-22-038-14W4 New drill
  • 01-24-37-17W4 New drill
  • 12-30-37-17W4 New drill

 

May 18, 2012 News Release: Halkirk 6-34-37-17W4 Update

Halkirk 6-34-37-17W4 site has been re-constructed as per news release April 03, 2012 .

As of yesterday the rig was moved onto location 6-34-37-17W4 to deepen and evaluate the zone. Further updates will follow as we progress.

May 17, 2012 News Release: FARMEE Update

Site has been surveyed as per February 17, 2012 news release.  Our FARMEE now has approvals from the County, Telus as well as the HRV#5 Historical Clearance.  We are hoping this week to get approvals from Nova and PennWest for service access and pipeline crossings. Further updates will follow as we progress.

May 17, 2012 News Release: FARMEE Update

Site has been surveyed as per February 17, 2012 news release.  Our FARMEE now has approvals from the County, Telus as well as the HRV#5 Historical Clearance.  We are hoping this week to get approvals from Nova and PennWest for service access and pipeline crossings. Further updates will follow as we progress.

February 17, 2012 News Release: SEL announces 11 section Farm-out with 10 section option.

The Board of Directors of Stormhold Energy Ltd. (SEL) is pleased to announce the Farm-out of 11 sections of Crown Lease Mineral Rights to a private Red Deer based company with an option on 10 additional sections once four (4) wells have been drilled. The FARMEE shall spud well #1 on or before May 01, 2012 and thereafter spud each successive well within 60 days of rig release.

This is the fourth (4) Crown Lease Mineral Rights agreement that SEL has entered into since December 2011. SEL has accumulated an extensive inventory of 300 sections (192,320 acres) of Crown Lease Mineral Rights with multi-zone potential west of the defined Provost pool, near Halkirk.

May 03, 2012 News Release: SEL announces appointments

The Board of Directors of Stormhold Energy Ltd. is pleased to announce W. Scott Jamieson, P.Geoph. – has accepted the position of Senior Geophysical Advisor to Stormhold Energy Ltd.

Scott is a senior geophysical advisor to SEL with 24 years of exploration experience in the oil and gas industry. Most recently Scott has been practicing through a private consulting company, Jamiesco Seismic Exploration Ltd., the focus of which is to provide seismic based reservoir characterization services to both domestic and international E and P companies.The integration of mechanical rock properties and seismic data is fundamental to the understanding and exploitation of all hydrocarbon reservoirs; in particular those reservoirs with limited inter-connected pore space, “tight” hydrocarbon reservoirs. Scott is a registered member of A.P.E.G.G.A., and an active member of both the Canadian Society of Exploration Geophysicists (CSEG) and the Society of Exploration Geophysicists (SEG).

The Board of Directors of Stormhold Energy Ltd. is pleased to introduce Mr. Daniel R. Horner as Senior Corporate Counsel to the company.

Mr. Horner Chairs Scott Venturo LLP’s Corporate Commercial Department and is currently corporate counsel for various private and public corporations and charitable organizations. He sits as a Member of the Board of Directors on behalf of a variety of Corporations and is a lecturer in Civil Procedure at the Bar Admission Course.

The Board of Directors of Stormhold Energy Ltd. is pleased to announce Brian Mahood, P.Geol, P.Geo., has joined Stormhold Energy Ltd. in the capacity of Geological Consultant.

Brian has a strong working knowledge of petrophysical log analysis, reservoir engineering and seismic interpretation. He is a member of the Canadian Society of Petroleum Geologists, Canadian Well Logging Society and American Association of Petroleum Geologists, as well as a member of the Association of Professional Engineers and Geoscientists of Alberta and Saskatchewan. Over the last 42 years, Brian has worked in all facets of play development, from administering budgets in excess of $400 Million to the dynamics of managing 400 plus well programs – both in the exploration and development stage. With the success of multi million barrel discoveries, he is also a respected expert in unconventional gas, oil, and oil shale plays throughout western Canada and internationally.

April 19, 2012 – SEL announces Farm-out of 30 Sections of Cambrian Crown Lease Mineral Rights
 
We are pleased to announce we have accepted a cash payment along with a ‘Letter of Intent’ regarding 30 Sections of Cambrian Crown Lease Mineral Rights.The Farmee shall forward the remaining equalization payment to the Farmor in the amount of Cash, on or before April 27, 2012 to obtain an option on the lands.
 
Test Wells
 
Should Farmee fulfill its equalization commitments herein and is not otherwise in default under this Agreement, a Test Well is to be spudded within 60 days and drilled to the base of the Cambrian. There will be a one section earning per well. There will be a new well spudded within 60 days of rig release, with every third (3rd) well required on unearned acreage.

 

April 03, 2012 News Release: Update SEL 102 Halkirk 6-34-37-17 Cambrian Well

Chadd Radke President and CEO is pleased to announce:

Subject to spring breakup & rig availability the Farmee will re-enter the Test Well at 6-34-37-17W4 and deepen to Contract Depth accordance with the provisions of Article 3.00 of the Farmout & Royalty Procedure subject to surface access, government approvals and rig availability.  Farmee shall drill, case, complete, equip and tie-in or abandon the deepened portion of the Test Well. 

Earning

Provided Farmee has complied with all of the provisions of this Agreement and is not in default hereof and subject to Article 3.00 of the Farmout & Royalty Procedure, Farmee shall earn a percentage of the Farmor’s Working Interest in part I of the Farmout Lands subject to a convertible gross overriding royalty.

Upon conversion to a Working Interest, the Operating Procedure will apply with Farmee being appointed initial Operator.

Horizontal Drilling of the Middle Cambrian

Should the Farmee’s attempt at gaining production from the Granite Wash formation be unsuccessful and Farmee has abandoned the deepened portion of the Test Well, Farmee will drill a horizontal leg utilizing the Test Well to evaluate the Middle Cambrian.  Farmee will drill, case, complete, equip, tie-in or abandon the Test Well to earn lands of Stormhold’s Interest in the part II of the Farmout Lands and the Wellbore.  Joint Farmee will participate according to its Working Interest in Part II of the Farmout Lands.  Subject to Article 3.00 of the Farmout & Royalty Procedure.

Such Working Interests will be governed by the Operating Procedure with Farmee being named initial Operator.

March 23, 2012 News Release: SEL update SEL 102 Halkirk 6-34-37-17 Upper Cambrian Zone (2400 meters)

Chadd Radke President/ CEO is pleased to announce that 1645415 Alberta Ltd. has agreed to participate in the completion of the 6-34-37-17W4. The privco will make a cash ‘Participation Payment’ to SEL for a 60% ‘Working Interest’.  Upon receipt of the ‘Participation Payment’, 1645415 Alberta Ltd. will  also earn a 50% ‘Working Interest’ in additional lands as outlined in the agreement. Completion of the well will begin subject to ‘spring breakup’ & rig availability.

February 28, 2012 News Release: Update on MQL Provost wells

Update provided by MQL

“Operations Update and Increased 2012 Guidance:
Since the business combination with Skywest Energy Corp. in early December 2011 Marquee has drilled 4 horizontal wells at Michichi and 2 vertical test wells at Provost. Marquee expects to have completed drilling of a fifth horizontal well at Michichi and the first horizontal well at Coutts before the end of the first quarter. Completion and tie-in of all wells is underway and will contribute to Marquee production exiting the first quarter. The current drilling inventory has the potential to generate production growth funded largely from cash flow.”  …read entire press release.  

February 17, 2012 News Release: SEL announces 11 section Farm-out with 10 section option.

The Board of Directors of Stormhold Energy Ltd. (SEL) is pleased to announce the Farm-out of 11 sections of Crown Lease Mineral Rights to a private Red Deer based company with an option on 10 additional sections once four (4) wells have been drilled. The FARMEE shall spud well #1 on or before May 01, 2012 and thereafter spud each successive well within 60 days of rig release.

This is the fourth (4) Crown Lease Mineral Rights agreement that SEL has entered into since December 2011. SEL has accumulated an extensive inventory of 300 sections (192,320 acres) of Crown Lease Mineral Rights with multi-zone potential west of the defined Provost pool, near Halkirk.

 

February 17, 2012 News Release: SEL update SEL 102 Halkirk 6-34-37-17 Upper Cambrian Zone (2400 meters)

Chadd Radke, CEO & President announces the details of a Horizontal Program for SEL 102 Halkirk 6-34-37-17W4 to complete the middle Cambrian, utilizing a 500 meter lateral including the partial well log and AGAT oil analysis. Our Geosciences team has determined the middle Cambrian zone to be a source rock with a very large reserve potential, based on 9.7% effective porosity, 16.9% calculated total porosity and 5 to 15 millidarcies of estimated permeability, determined from Petrology and log analysis, showing 55 meters of net pay and irreducible water. The drill cutting samples show that oil is continuously being produced from the samples when the free oil has been removed and dramatically more so when the sample has been frozen. It is a clay based reservoir that is not suitable for conventional stimulation methods (ie: fracture treatments, acidizing, etc.). If treated in this manner, the rock/clay structure would be destroyed resulting in the zone collapsing and plugging off.

Our technical team expects the zone to flow with a slotted liner installed into a 500 meter open hole horizontal section of the reservoir, with a vertical net pay of 55 meters. However, should the zone not flow on its own, our team has determined a method of stimulation that should unlock the reserves held in this reservoir. Our lab tests show that by freezing the oil saturated drill cutting samples and then allowing them to thaw, that fluid (oil & water) is released from the cuttings without the actual formation structure being destroyed.

An AFE (Authority for Expenditure) has been prepared and the estimated cost for this part of the project is $900,000.00. The Horizontal Leg to the Middle Cambrian zone will be completed when funding has been secured.

February 02, 2012 News Release: SEL holds AGM

The Annual General Meeting of Shareholders was held on February 02, 2012 at 08:00am at the Petroleum Club located at 319, 5th Ave SW, Calgary AB.

 

January 12, 2012 News Release: SEL announces appointments effective January 16, 2012

The Board of Directors of Stormhold Energy Ltd. are pleased to announce the following appointments:

Mr. Gordon Cormie has been appointed as Senior Corporate Counsel. Mr. Cormie is a partner at Scott Venturo LLP. He has held the positions of director and officer for a number of public & private companies, most of which are active in the resource-energy sector.

Mr. Al Friesen, CA has been appointed Senior Financial Advisor to the Board. Mr. Friesen has over 35 years of Corporate Financial experience both with private and public oil and gas companies.

Mr. Tom Ellis has been appointed Senior Advisor to the Board. Mr. Ellis has over 20 years of business, operations, management and leadership experience focused on strategic planning in each discipline.

Mr. John Stockwell has been appointed Senior Geological Advisor to the Board. Mr. Stockwell has over 30 years of Geological experience in a number of countries.

 

January 2012 News Release: SEL announces 20 section Farm-out

The Board of Directors of Stormhold Energy Ltd. is pleased to announce the Farm-out of 20 sections of Crown Lease Mineral Rights to a private company. FARMEE shall spud well #1 on or before May 31, 2012 and thereafter spud each successive well within 60 days of rig release.

 

December 2011 News Release: SEL announces mineral rights transactions

Chadd Radke, CEO & President is pleased to announce that Stormhold Energy Ltd. (SEL) has acquired 24 1/2 sections Crown Lease Mineral Rights across multiple zones from a private company and have subsequently surrendered 18 sections of non-core assets. These lands are located between two historically producing areas of Alberta, the Provost Field & the Fenn Big Valley Field. That brings the SEL land position in the area to a total of 300 sections (approximately 192,320 acres).

 

December 2011 News Release: SEL update SEL 102 Halkirk 6-34-37-17 Upper Cambrian Zone (2400 meters)

Chadd Radke, CEO & President is pleased to announce that a well simulation program has been engineered for 6-34. A completion strategy including the use of horizontal fracking technology is under consideration.

 

December 2011 News Release: SEL announces sale of 30 sections

Chadd Radke, CEO & President is pleased to announce the sale of 30 sections of Crown Lease Mineral Rights to a publicly traded company for cash, a Gross Overriding Royalty (GORR) and defined drilling commitments. SEL has retained the Crown Lease Mineral Rights for the deep Cambrian Zone.

December 2011 News Release: SEL announces JV Partnership for SEL 102 Halkirk 6-34-37-17 and five (5) sections

Chadd Radke, CEO & President is pleased to announce that Stormhold Energy Ltd. (SEL) has entered into a joint venture agreement with a private Calgary based company for the purposes of exploration, development and production of petroleum and natural gas rights relating to SEL 102/ 6-34-37-17W4. The private company has secured a twenty five (25%) WI (working interest) in the property and fifty (50%) WI in five (5) additional sections.

November 2011 News Release: SEL has contracted the services of Mr. Steve Elekes

We are pleased to report that Stormhold Energy Ltd. has contracted the services of Mr. Steve Elekes, Professional Landman, to negotiate and direct land activities of Stormhold.  Steve has been in the industry for over 15 years and brings a great deal of experience in all aspects, from managing a 445 well drilling program, negotiating sale of assets for transactions over $50 Million on many separate occasions, operating capital budgets of similar amounts, and administering land holdings in the thousands of acres.  He has also negotiated the acquisition of land parcels and production in the millions of dollars.  His background spans all facets of operations with junior companies to very senior producers and he has quickly become an integral part of our Management Team. 

November 2011 News Release: SEL announces the dissolution of JV Partnership

Chadd Radke, CEO & President reports that the JV partners have reached terms to dissolve the previously announced JV agreement. SEL retains the Crown Lease Mineral Rights to all lands and a 100% working interest (WI) in the drilled Cambrian Zone well:  SEL 102 Halkirk 6-34-37-17.

 

 

Archived News Releases

 

May 2011 News Release: SEL 102 Halkirk 6-34-37-17 Cambrian status & JV update

Chadd Radke, CEO & President reports that 6-34 has been drilled to the Upper Cambrian zone at 2400 meters. The JV partners have decided to shut in the well pending a resolution of the joint-venture agreement.

 

February 2011 News Release: SEL spuds SEL 102 Halkirk 6-34-37-17 Cambrian well

Chadd Radke, CEO & President is pleased to announce that Stormhold Energy Ltd. (SEL) in participation with its private company JV partner have spud 6-34 with a targeted depth of 2800 meters in the Cambrian zone. This well is the first of a 10 well drilling program.

 

December 21, 2010 News Release: SEL announces shareholder approvals at AGM

Theodore (TK) Cantlon, Chairman & Director is pleased to announce that SEL shareholders have unanimously approved the Financial Statements and items of business outlined in the Management Information Circular. The Annual General Meeting of Shareholders was held on December 21, 2010 at 10:00am at the Petroleum Club located at 319, 5th Ave SW, Calgary AB.

 

November 2010 News Release: SEL announces 102 section mineral rights acquisition

Chadd Radke, CEO & President is pleased to announce that Stormhold Energy Ltd. (SEL) was successful at the recent Alberta Land Sales Auction and secured Crown Lease Mineral Rights on an additional 102 sections across multiple zones. These lands are also located between two historically producing areas of Alberta, the Provost Field & the Fenn Big Valley Field. That brings the SEL land position in the area to a total of 295 sections.

 

October 2010 News Release: SEL announces JV Venture Partner

Chadd Radke, CEO & President is pleased to announce that Stormhold Energy Ltd. (SEL) has entered into a joint venture agreement with a private company for the purposes of exploration, development and production of petroleum and natural gas rights relating to certain lease lands comprised of 193 sections. The Joint Venture Agreement provides for two test wells and additional participating deposits to be made by the privco for the drilling of future wells once the second test well is completed.

 

September 2010 News Release: SEL announces 68 sections mineral rights acquisition

Chadd Radke, CEO & President is pleased to announce that Stormhold Energy Ltd. (SEL) was successful at the recent Alberta Land Sales Auction and secured Crown Lease Mineral Rights on 68 sections across multiple zones. These lands are also located between two historically producing areas of Alberta, the Provost Field & the Fenn Big Valley Field. That brings the SEL land position in the area to a total of 193 sections.

 

October 2009 News Release: SEL announces 125 sections mineral rights acquisition

Chadd Radke, CEO & President is pleased to announce that Stormhold Energy Ltd. (SEL) was successful at the recent Alberta Land Sales Auction and secured Crown Lease Mineral Rights on 125 sections across multiple zones. These lands are located between two historically producing areas of Alberta, the Provost Field & the Fenn Big Valley Field.

 

February 2009 News Release: SEL announces purchase of Intellectual Property

Chadd Radke, CEO & President is pleased to announce that Stormhold Energy Ltd. (SEL) purchased intellectual property consisting of 3D and 2D seismic interpretations, certain logs and interpretations, geochem studies and engineering reserve reports. The Corporation entered into a contract with a private Calgary based oil and gas company, a related party, to acquire intellectual property with a fair value. This purchase was by way of a note payable. The note payable was unsecured, non-interest bearing with no specified repayment terms.

 

January 2009 News Release: Stormhold Energy Ltd. (SEL) announces incorporation

Chadd Radke, CEO & President is pleased to announce that Stormhold Energy Ltd. (SEL) has been incorporated in the Province of Alberta. SEL is a Calgary based company with operations focused in East Central Alberta.