VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 9, 2014) - Altima Resources Ltd. (TSX VENTURE:ARH)(PINKSHEETS:ARSLF)(FRANKFURT:AKC) announces that the Altima Chambers 5-35-41-11 W5M well (5-35 well) will be completed and the pipeline connecting the well to Altima's production infrastructure will commence operations within the next two weeks. The 5-35 well will be fracture stimulated over multiple prospective zones. The [...]
Altima announces that it intends to complete a private placement for gross proceeds of $12,500,000, subject to acceptance by the TSX Venture Exchange. These funds will be raised by the issuance of 138,888,886 Units at a price of $0.09 per Unit, each Unit consisting of one common share and one-half share purchase warrant, each whole Warrant entitling the holder thereof to purchase one additional common share, exercisable [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Mar 20, 2014) - Altima Resources Ltd. (TSX VENTURE:ARH)(FRANKFURT:AKC)(PINKSHEETS:ARSLF) announces the grant, pursuant to a Fixed Stock Option Plan (the "Fixed Plan"), of options entitling eligible participants to purchase up to 5,450,000 common shares at an exercise price of $0.07 per share for a five year term expiring March 19, 2019. Under the Fixed Plan, the Company has [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Mar 17, 2014) - Altima Resources Ltd. (TSX VENTURE:ARH)(FRANKFURT:AKC)(PINKSHEETS:ARSLF) announces that the Altima Chambers 5-35-41-11 W5M well (5-35 well) was drilled to a Total Depth (TD) of 3,158 meters Measured Depth, casing set to TD, and Rig Released (RR) on March 16, 2014. As reported in the Company's March 3, 2014 News Release, the 5-35 well is the second well drilled [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Mar 3, 2014) - Altima Resources Ltd. (TSX VENTURE:ARH)(PINKSHEETS:ARSLF)(FRANKFURT:AKC) announces the Altima Chambers 5-35-41-11 W5M well spud this morning. The 5-35 well is to be drilled to a depth of approximately 3,090 meters into the Nordegg formation. The 5-35 well is the second well drilled under Altima's Participation Agreement with Whistler Oil and Gas Pty. Ltd. (refer [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan 30, 2014) - Altima Resources Ltd. (TSX VENTURE:ARH) (FRANKFURT:AKC) (PINKSHEETS:ARSLF) announces that it has entered into a Participation Agreement with Acumen Energy Partners Inc. ("Acumen"), pursuant to which Acumen has been granted the right to earn a 20% working interest (the "Working Interest") in the 3-17-41-11 W5M well (the "Well") and section 17-41-11 W5M (the [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan 21, 2014) - Altima Resources Ltd. (TSX VENTURE:ARH)(PINKSHEETS:ARSLF)(FRANKFURT:AKC) announces that together with its joint venture partner Whistler Oil and Gas Pty. Ltd. ("Whistler") (see Dec.13/13 press release), Altima and Whistler have licensed two new vertical wells in the Chambers-Ferrier area project, Alberta, Canada. The 5-35-41-11 W5M well and 9-35-41-11 W5M well [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec 13, 2013) - Altima Resources Ltd. (TSX VENTURE:ARH)(PINKSHEETS:ARSLF)(FRANKFURT:AKC) announces that it has entered into an Amending Agreement (the "Amending Agreement") to the Participation and Joint Venture Agreement (the "JV Agreement") with Whistler Oil and Gas Pty. Ltd. ("Whistler") (see News Release dated January 24, 2013). The JV Agreement provides that Whistler was [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov 4, 2013) - Altima Resources Ltd. (TSX VENTURE:ARH)(FRANKFURT:AKC)(PINKSHEETS:ARSLF) announces the ALTIMA ET AL HZ CHAMBERS 14-15-41-11 W5M well, surface location 1-16-41-11 W5M (the Well") was placed on production November 1, 2013. The Company commenced construction of the 3.78 km Pipeline and Facilities for the Well on September 25, 2013 through a participation agreement [...]
Altima announces it has commenced construction of a new 3.78 kilometer pipeline and facility to connect the COPOL HZ 14-15-41-11 W5M well to the ConocoPhillips Canada compressor facility located at 09-04-041-11 W5M. Through a Participation Agreement between Acumen Energy Partners, and the Company, Acumen has been granted the right to earn a 5% working interest in the Company's 30% working interest in the COPOL ET AL HZ [...]
Altima Resources announces Altima and its joint venture partner Whistler Oil and Gas Pty. Ltd., have reached a milestone in their Chambers Alberta operations, by initiating natural gas and gas condensate sales from the 15-35-41-11W5M well. During the last month, the pipeline and production facilities were completed connecting the 14 -35 well into Altima's 6.4 kilometer pipeline system to the Baytex header at 4-4-42-10 [...]
Altima announces that it has entered into a Participation Agreement with Acumen Energy Partners, pursuant to which Acumen has been granted the right to earn a 5% working interest in the Company's 30% working interest in the COPOL ET AL HZ CHAMERS 14-15-41-11 W5M well (the "Well") and the associated Pooled Lands located in the Chambers-Ferrier area of the Western Canada Sedimentary Basin, Alberta (the Well and Pooled Lands [...]
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