CSV Midstream Solutions Updates Strategic Midstream Opportunity

CALGARY, Alberta, Aug. 22, 2017 (GLOBE NEWSWIRE) — CSV Midstream Solutions Corporation (the “Company” or “CSV”) is pleased to provide an operational update on the construction of its majority owned and operated 100 Million cubic feet per day Resthaven gas plant (“CSV Resthaven” or “the Facility”).

Definitive agreements have successfully been reached with an intermediate exploration and production company to underpin the Facility. Approval has been received from the Alberta Energy Regulator and site construction has commenced with an expected completion late in the first quarter of 2018.

Through CSV’s execution expertise and guaranteed capital cost model, the Facility is expected to be delivered on schedule and on budget. All major equipment has been procured and engineering and design is substantially complete.

CSV Resthaven provides a repeatable modular design template which allows CSV to efficiently deliver this type of facility multiple times with only minor variations for different resource opportunities.

Information on CSV Midstream and additional details on the Resthaven Project including a 3D Model are available at our website

About CSV Midstream Solutions Corporation

CSV is a Calgary-based company offering full services for complete midstream solutions. With a vision to advance midstream, CSV provides innovative, sustainable strategies in the design, construction, operation and management of natural gas and NGL assets, including sweet and sour gas processing, liquids handling and fractionation, and gas gathering and transmission pipelines. CSV’s primary focus is the developing natural gas energy industry in the Western Canadian Sedimentary Basin. For more information about CSV, please visit

CONTACT: Contact Information

For CSV Midstream:

Daniel Clarke, 
Chief Executive Officer
CSV Midstream Solutions Corp. 
(587) 316-6900,

Don Rawson
Chief Financial Officer
CSV Midstream Solutions Corp. 
(587) 316-6900,

Blackbird Energy Inc. Announces the Appointment of Allan Dixon as Business Development Manager

CALGARY, Alberta, Aug. 22, 2017 (GLOBE NEWSWIRE) — Blackbird Energy Inc. (TSX-V:BBI) (“Blackbird”) is pleased to announce the appointment of Allan Dixon as Business Development Manager.  In this role Mr. Dixon will be responsible for investor relations, communication initiatives and strategic business awareness programs in North America and Europe.

Mr. Dixon has an expansive background in Calgary’s oil and gas industry including experience in investor relations at Birchcliff Energy Ltd., equity research at National Bank Financial and investment banking at Tristone Capital. Mr. Dixon holds a B.Comm. degree with a specialization in finance from Dalhousie University.

“I am very pleased to welcome Allan to the Blackbird team and look forward to working with him. His diverse background and experience working with some of the top thought leaders in the industry gives me great confidence he will be a valuable addition to our team and an asset for all of our stakeholders,” says Garth Braun, President and CEO.

About Blackbird

Blackbird Energy Inc. is a highly innovative oil and gas exploration and development company focused on the condensate and liquids-rich Montney fairway at Pipestone, near Grande Prairie, Alberta. 

For more information please view our Corporate Presentation at or contact:

Blackbird Energy Inc.

Garth Braun
Chairman, CEO and President
(403) 500-5550 


THE TSX VENTURE EXCHANGE INC. HAS NEITHER APPROVED NOR DISAPPROVED THE CONTENTS OF THIS PRESS RELEASE.  Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

Green Mountain Power Recertified as B Corp, A Force for Good

COLCHESTER, Vt., Aug. 21, 2017 (GLOBE NEWSWIRE) — Just over three years have passed since Green Mountain Power was recognized as the first utility in the world to become a Certified B Corp – and the Colchester-based energy company has received recertification. B Corps are companies that believe business can be a force for good and are certified by the nonprofit B Lab to meet rigorous standards of social and environmental performance, accountability, and transparency. 

GMP seeks to help customers use less energy and reduce carbon by assisting with heat pumps, home batteries and other innovative energy savers.

“We are honored that our deep commitment to put customers first, and create positive change in the community and environment has again landed us among the distinguished organizations that receive this designation,” said Mary Powell, GMP president and CEO. “At GMP, we know that energy can improve lives and transform communities. We believe that energy can spur socioeconomic change for residents, helping people save money and move toward more renewable and local sources. That’s why we consider ourselves the Energy Company of the Future, partnering with customers on a home-, business- and community-based energy system.”

Powell noted that since GMP received its first B Corp certification, the number of B Corps in Vermont has grown significantly.

“There are now 31 B Corps in the Green Mountain State — up from just 21 when we received our first certification. Vermonters should be proud that we have created a business environment that breeds organizations that focus on creating stronger communities, higher-quality jobs, and a healthy environment,” she said. “We hope to see many more Vermont businesses on the list in the future.”

“GMP is a pioneer in using a utility company as a force for good,” said Cabot Creamery Co-operative Marketing Director Amy Levine. “In 2012, Cabot was the first dairy cooperative in the world to become certified.  It is great to see like-minded businesses in Vermont lead the way globally in recognizing the value of good business practices.”

To get a B Corp certification, GMP had to demonstrate its record of accomplishment and ongoing commitment in four areas: environment, employees, community and governance. GMP’s report showed a growing use of renewable energy, and having women in leadership positions.

“Congratulations to GMP on their recertification as a B Corp,” said Jay Coen Gilbert, cofounder of B Lab, the nonprofit behind the B Corp movement. “There are now over 2,200 B Corps in 50 countries representing 130 industries that have all united in common purpose to redefine success in business. GMP led the way becoming the first utility to join the movement and showing what doing good means in the energy space. Now more than ever it is critical for leadership by the business community to create a better world. ”

The 31 Certified B Corps in Vermont are: Advance Humanity, Ben & Jerry’s, Bluestone Life, Business Culture Consultants, Cabot Creamery Co-Op, Chroma, Clean Ethics, Clean Yield Asset Management, Coffee Enterprises, Encore Renewable Energy, Forward Philanthropy, Gardners Supply, GreenBanc, Green Mountain Power, Image Outfitters, Image Relay, KSV, King Arthur Flour Company, LineSync Architecture, Mamava, Merritt & Merritt & Moulton, Mondo Mediaworks, Morris Consulting, Native Energy Inc., New Chapter, Rhino Foods, Seventh Generation, SunCommon, Sustain Natural, Vermont Creamery, Vermont Smoke and Cure, Watershed Coaching, and Westwood International.

To learn more about GMP and B Corp’s certification go to: or

About Green Mountain Power:
Green Mountain Power (GMP) serves approximately 265,000 residential and business customers in Vermont and is partnering with Vermonters to improve lives and transform communities. GMP is focused on a new way of doing business to meet the needs of customers with integrated energy services that help people use less energy and save money, while continuing to generate clean, cost-effective and reliable power in Vermont. GMP is the first utility in the world to get a B Corp certification, meeting rigorous social, environmental, accountability and transparency standards and committing to use business as a force for good. In 2014, Vote Solar named GMP a Solar Champion. More information at: Connect with GMP on Facebook and follow us on Twitter @GreenMtnPower.

CONTACT: Kristin Carlson, Green Mountain Power

Fortuna FLNG Offtake Awarded to Gunvor

MALABO, Equatorial Guinea, Aug. 21, 2017 (GLOBE NEWSWIRE) — The Ministry of Mines and Hydrocarbons (“MMH”), Ophir Equatorial Guinea (Block R) Ltd, OneLNG SA and La Compania Nacional De Petroleos De Guinea Ecuatorial (“GEPetrol”) have nominated Gunvor Group Ltd (“Gunvor”) as its preferred LNG Buyer for offtake from the Fortuna FLNG project. All parties have agreed the principal commercial terms subject to finalising a Sale and Purchase Agreement (“SPA”) for the offtake ahead of the Final Investment Decision (“FID”) on the Fortuna FLNG project.

Access multimedia content here (

Gunvor is committed to take the full contract capacity of the Gandria FLNG vessel of 2.2 MMTPA which will be purchased on a Brent-linked, Free on Board (“FOB”) basis for a 10 year term. The contract structure allows flexibility for up to 1.1 MMTPA of the Fortuna capacity to be marketed on an alternate basis. Consequently the agreement gives the Fortuna partners alongside the State of Equatorial Guinea,  the potential to sell volumes to higher priced gas markets in Africa and beyond, whilst retaining a share in the profits of such onward marketing.

With the identification of a preferred LNG Buyer now achieved, the last significant milestone prior to the FID of the Fortuna FLNG project is the completion of the project funding, with FID remaining on track for 2017.

His Excellency, Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons for the Republic of Equatorial Guinea, commented: “The selection of Gunvor sets a landmark moment in the development of the Fortuna Project. The partnership with Gunvor also paves the way for the government’s objective to deliver important projects that monetize our gas, promotes local content and brings world-class petroleum technology to Equatorial Guinea. The Fortuna Project will target becoming the first choice supplier of LNG for the LNG to Africa initiative, furthering Equatorial Guinea’s leadership position in Africa as an LNG exporter.”

Nick Cooper, Chief Executive of Ophir, commented: “We thank those parties that participated in the competitive tender process for the offtake and welcome Gunvor to the Fortuna FLNG Project. Gunvor’s involvement is a further addition to a strong partnerships along the Fortuna value chain. Our focus is now on completing the financing package and debt facility. With Golar’s sister vessel, the Hilli, nearing completion and with Petronas FLNG having recently delivered commercial cargoes, FLNG is now entering the mainstream.”

This announcement contained within this announcement is deemed by the Company to constitute inside information for the purposes of the Market Abuse Regulations (EU) No. 596/2014 (“MAR”).

Distributed by APO on behalf of Ministry of Mines, Industry and Energy Equatorial Guinea.    

About Ophir:
Ophir Energy is an independent Upstream oil and gas exploration and production company focused on Africa and Asia. It is listed on the London Stock Exchange.

CONTACT: For further enquiries please contact:
Ophir Energy plc                                                                    
+ 44 (0) 20 7811 2400
Nick Cooper, CEO
Tony Rouse, CFO
Geoff Callow, Head of IR and Corporate Communications

Brunswick (PR Adviser to Ophir)                                          
+44 (0) 20 7404 5959             
Patrick Handley
Wendel Verbeek  

Vista Releases Update on Recent Events

DENVER, Aug. 18, 2017 (GLOBE NEWSWIRE) — Vista International Technologies, Inc. (OTCBB:VVIT), a pioneer in efficient Waste-to-Energy technology, is pleased to give investors an update on some recent events within the Company.

The Company has decided to relocate their newest Thermal Gasifier from its current location to a new site in the central US, close to the Mississippi river.  This new site will maximize disposal opportunities available in the central US and allow for quicker permitting.  The new location will be the permanent home for this unit, and it will go into commercial operation there upon final installation.  Various aspects of securing local support, site selection, and project development are currently underway, and the Company looks forward to sharing additional information on the project as this information becomes available in the next few weeks.  It is anticipated that this project will serve as a template for other Thermal Gasifier projects that are currently in various stage of development.

The Company also recently settled a complaint brought by former officers of the company regarding salary payments from 2007-2009.  The former officers had alleged that salary payments totaling approximately $500,000 were not paid over the given period.   The Company disputed these claims. A settlement of $85,000 was approved by the parties involved, and on August 15, 2017 the complaint was dismissed by the District Court in Adams County Colorado on the basis of this settlement.  The settlement has already been paid.  The nearly $500,000 in contested payments were being held as a liability on the Company’s balance sheet, therefore the settlement removes this liability and thus improves the Company’s overall financial condition significantly.

Vista International Technologies, Inc. has been producing Waste-to-Energy gasification systems for over twenty years, with installations across three continents.  The Company’s technology has low costs of installation and operation, and allows for the processing of virtually any hydrocarbon-based waste product, including municipal solid waste, waste tires, waste coal, sewage waste, and biomass, among others.  The company’s Waste-to-Energy systems are emission friendly and extremely efficient, and can be used to produce heat, steam, and/or electricity.

CONTACT: For more information, please call 303 690 8300, or email us at

Hard Creek Nickel Announces Change of Name to Giga Metals Corporation

VANCOUVER, British Columbia, Aug. 17, 2017 (GLOBE NEWSWIRE) — Hard Creek Nickel (TSX-V:HNC) (“the Company”) announced today that it will change its name to Giga Metals Corporation to better reflect the new direction of the Company in its search for new opportunities in the battery metals sector.

The Company intends to become a minerals company offering direct exposure to nickel, cobalt, and possibly other integral raw materials in electric vehicle (“EV”) and battery energy storage markets.  The Company’s Turnagain project represents a significant nickel-cobalt resource and serves as a core project for the Company’s new business focus.  The Company is currently evaluating other battery metal projects as potential acquisitions.   

EVs have entered into the mainstream at economically attractive price points to the mass market.  Increasing demand for EVs is expected to drive investor demand for battery metals, particularly nickel and cobalt, which are important components in batteries. 

Management intends to pursue a business model that offers direct and long-term leverage to nickel and cobalt price appreciation through owning substantial projects containing these two metals and possibly other battery metals. 

“Our new name reflects our focus on the raw materials needed for modern electric batteries,” said Mr. Jarvis.  “Nickel is one of the principal materials in EV batteries. Cobalt, which is a significant byproduct of our Turnagain nickel deposit, is a second critical component of the batteries used in EVs.  We are also actively looking for other acquisition opportunities in the battery metals space.”

The name change is subject to regulatory approvals.

“Mark Jarvis”

MARK JARVIS, President

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

CONTACT: Mark Jarvis, President
Hard Creek Nickel Corporation
Suite 203, 700 West Pender Street
Vancouver, BC, Canada  V6C 1G8 
T: 604-681-2300

HempTech (HTCO) Rolls Out Advanced Energy Management Platform “SmartEnergy” – SmartEnergy Help to Save Between 5% and 25% Annually on Utility Bills for Growers of all Sizes

Saint Petersburg, FL, Aug. 15, 2017 (GLOBE NEWSWIRE) — HempTech Corp. (OTC: HTCO), a provider of advanced Controlled Environment Agriculture (CEA) with sophisticated automation and analytical tools for the cultivators of legal industrial hemp and marijuana, announces today the availability of advanced SmartEnergy™ to the growers and cultivators looking to bring sustainable efficiency and cost saving to their grow business. In today’s competitive global economy, with soaring energy prices and environmental regulations, profitability and the ability to quickly analyze and closely control operating costs has become ever more critical.

As an advanced energy management and control product designed and customized for the indoor agriculture industry, SmartEnergy manages and precisely controls the energy use of the grow facility to optimize the environment while minimalizing energy costs. SmartEnergy can help to save between 5% and 25% annually on utility bills. Powerful analytics software looks at data from advanced environmental sensors, located throughout the interior and exterior facility environment.

SmartEnergy collects, analyzes, data logs and visualizes the right information in a way that is intuitive and easy to access. A site summary overview helps provide instant information on energy consumption, financial costs, and the carbon impact on the environmental. SmartEnergy helps to understand energy costs and how to improve the returns to your bottom line. Alerts and an extensive alarm management system provide timely information by sending SMS text messages and emails, as well as delivering rich, browser-independent, visualization to smart devices.

SmartEnergy delivers the back-end calculation, KPI analytics, data historian, reporting, and rich visualization you need to take decisive action to reduce and manage your utility costs and carbon footprint. SmartEnergy provides;

Quick to deploy and achieve ROI – Realize cost savings through informed decisions – Generate Standard Cost, Consumption and Carbon reports – Drill down into causes of abnormal energy use – Scalable from Single Location to Multiple Sites – Universal Connectivity – OPC, BACnet, SNMP, and Web Services – Rich Visualization – Standard and Custom Calculations – Integrated with Microsoft SQL – Clock Synchronization – Integrated Smart Sensors

Company through its newly developed division, Nuvus Energy, will be negotiating power contracts on behalf of the growers using its SmartEnergy platform. The contract negotiation will empower the growers to minimize energy cost through fixed and predictable usage cost for better profitability.

HempTech is committed to bring cutting edge technology to cannabis growers everywhere. The perfect blend of technology and human experience, we bring you the best in automation systems.

For more information on the grow-droid II™ and other products offered by HempTech, please contact us at 727-474-1810 or

About HempTech Corp

HempTech Corp (OTC PINK: HTCO), a Nevada corporation, is a provider of advanced Controlled Environment Agriculture (CEA) with sophisticated automation and analytical tools for the cultivators of legal industrial hemp and cannabis. We design and engineer specialized products using advanced sensors, process control techniques, big data aggregation, analytics and security solutions so cannabis growers can easily and effectively control every aspect of their operation. Through HempTech technologies, virtually every component of the plants’ vegetative growth matrix and flower harvest is automated, documented and available in visible format both in real time and historically. This simplifies operations and ensures that the baselines set by the master grower are adhered to by the cultivation staff.

The Intelligent Automation Technology engineered for agricultural operations featuring CognetiX Cultivation Automation & Analytic Software drives improvement in productivity, efficiency, quality and sustainability. This industrial grade advanced Controlled Environment Agriculture (CEA) with analytical technology software, is being made available to small and large size cultivators that are not yet available in the Cannabis market. HempTech’s goal is to provide cost effective and efficient cultivation of indoor cannabis through intelligent technologies and process control platforms.

HempTech’s mission is to establish a reputation in the cannabis industry as a one-stop-shop that provides all the infrastructure elements required by growers in a manner that is fully integrated, state-of-the-art, and secure. Products include the SPIDer™ (Secure Perimeter Intrusion Detection), SmartSense™, SmartEnergy, and analytics dashboard CognetiX™ through which HempTech Corp. provides growers unparalleled data analysis capabilities to Know Their Grow!

HempTech — America’s Future Taking Root Today.

To request further information about HempTech, please email us at, log onto our website at or visit us at our Facebook page or on Twitter @hemptechcorp.

Forward-Looking Statements

This press release may contain forward-looking statements covered within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to, among other things, plans and timing for the introduction or enhancement of our services and products, statements about future market conditions, supply and demand conditions, and other expectations, intentions and plans contained in this press release that are not historical fact and involve risks and uncertainties. Our expectations regarding future revenues depend upon our ability to develop and supply products and services that we may not produce today and that meet defined specifications. When used in this press release, the words “plan,” “expect,” “believe,” and similar expressions generally identify forward-looking statements. These statements reflect our current expectations. They are subject to a number of risks and uncertainties, including, but not limited to, changes in technology and changes in pervasive markets. This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approval for anticipated actions.

CONTACT: Contact:
Media Contact
HempTech Corp.
(727) 474-1810
Twitter - @hemptechcorp
Facebook - hemptechcorp

Southern Lithium Announces Closing of First Tranche of the Private Placement

VANCOUVER, British Columbia, Aug. 15, 2017 (GLOBE NEWSWIRE) — Southern Lithium Corp. (TSX-V:SNL) (FSE:SL5) (OTCBB:SLLTF) (“Southern” or “the Company”) is pleased to announce it has completed the first tranche of its non-brokered private placement financing announced July 26, 2017, for gross proceeds of $1,171,500 through the sale of 4,686,000 (each “Unit”) at $0.25 per unit. Each Unit will consist of one (1) common share (“Common Share”) of the Company and one (1) non-transferable share purchase warrant (“Warrant”) which is exercisable at $0.35 for a period of eighteen (18) months. In the event that the Company’s common shares trade at a closing price greater than $0.50 per share for a period of 10 consecutive trading days at any time after the closing date, the Company may accelerate the expiry date of the Warrants by giving written notice to the holders thereof and in such case the Warrants will expire on the 30th day after the date hereafter referred to as the (“Forced Conversion Feature”) on which such notice is given by the Company.

The Private Placement was approved by all of the independent directors of the Company. Southern intends to use the proceeds for the advancement of the Cruz Lithium Property, further investment opportunities and general working capital purposes.

All securities issued in the financing will be subject to a statutory hold period expiring four months and one day after closing of the financing. Completion of the financing is subject to a number of conditions, including, without limitation, receipt of all regulatory approvals, including approval of the TSX Venture Exchange.

In addition, Southern has paid finders’ fee in connection with the Private Placement. The finders were paid an aggregate cash sum of $77,320. In addition, the finders were granted Warrants (“Finders Warrants”) to purchase an aggregate of 309,280 Warrants at a price of $0.35 per Finders Warrant. Each Finders Warrant consists of (1) non-transferable share purchase warrant (“Warrant”), exercisable into Common Shares at a price $0.35 per Common Share and having a term of eighteen months (18) from the date of Closing provided that if after four (4) months and one day following the Closing Date, the closing price of the Common Shares on the principal market on which such shares trade is equal to or exceeds $0.50 per share for a period of 10 consecutive trading days at any time after the closing date, the Company may accelerate the expiry date of the Warrants by giving written notice to the holders thereof and in such case the Warrants will expire on the 30th day after the date hereafter referred to as the (“Forced Conversion Feature”) on which such notice is given by the Company.

The Company also wishes to announce that it has received listing compliance under The Financial Industry Regulatory Authority (FINRA) Rule 6432 and Rule 15c2-11 in the United States and the securities of Southern Lithium Corp. have joined the Over-the-Counter Bulletin Board (OTCBB) under symbol SLLTF. Subscribing market makers can utilize the OTCBB to enter, update, and display their proprietary quotations in individual securities on a real-time basis. It should not be assumed that any federal, state, or self-regulatory requirements other than FINRA Rule 6432 and SEA Rule 15c2-11 have been considered. See more at

About the Cruz Property

The Company has executed a formal option agreement with Proyecto Pastos Grandes S.A. (“PPG SA”), a wholly owned subsidiary of Millennial Lithium Corp. (TSX-V:ML) (FSE:A3N2) (OTCQB:MLNLF), through the option Southern Lithium can earn up to an eighty percent (80%) interest in the PPG SA’s Cruz Property in the Pocitos Salar Basin in Salta Province, Argentina.

The Cruz Property is located in South America’s Lithium Triangle (northern Chile, northwestern Argentina and southwest Bolivia). The property encompasses 9,027 hectares (22,306 acres) in the Pocitos Salar Basin in Salta Province, Argentina.

The Cruz Property is contiguous to the southern limit of the Salar del Rincón Basin, where ADY Resources Limited is extracting lithium brine, and the northern limit of the Pocitos Salar Basin, where the Cruz property is located. Both properties lie along the structural belt that hosts the important lithium resources of the region, and at the junction of a large north-south fault system and the northwest-southeast megastructure along which lies the Rincon volcano, the possible source of the lithium brine in both salar basins. The 60-kilometre long Pocitos salar basin has previously only been drill tested with a shallow 12-hole program in the 1970s by an Argentinean government agency “Direccion General de Fabricaciones Militares”. To date, this is the only confirmed exploration drilling conducted in the Pocitos basin. The hole that produced the best results is near the southeast edge of the Cruz property boundary, and averaged 417 parts per million lithium. Although these results are considered historical and have not been verified by the Company’s QP, the Company considers these results relevant to the future exploration of the Cruz property.

About Southern Lithium Corp (TSX-V:SNL) (FSE:SL5)

Southern Lithium Corp. is a resource exploration company engaged in the business of acquiring and exploring minerals properties. Southern Lithium Corp. has assembled an experienced management team with a strategy to develop a portfolio of technically superior Lithium projects. The Company’s main objective is to add shareholder value through successful exploration and development of high quality resources through strategic acquisitions, combined with cost-effective financial management. With the potential acquisition of the Cruz property, Southern Lithium intends to establish its presence in the Pocitos basin and further deliver on its mission to secure lithium projects. The Company is only focusing on projects of the highest technical merit in favorable geopolitical jurisdictions.

Qualified Persons

The scientific and technical information contained in this news release has been reviewed and approved by Larry Segerstrom, M.Sc. (Geology), P.Geo., a Director of the Company, who is a “Qualified Person” as such term is defined under National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”).


“Clive H. Massey”

Chief Executive Officer

Further information about the Company is available on our website at or under our profile on SEDAR at

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release includes forward-looking statements that are subject to risks and uncertainties. All statements within it, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements, other than as required pursuant to applicable securities laws.

CONTACT: For further information, please contact:

Southern Lithium Corp.
Sam Eskandari
Phone: +1.416.918.6785

Noble Energy Announces Pricing and Expiration of the Tender Offer for Its 8.25% Senior Notes Due 2019

Houston, Aug. 14, 2017 (GLOBE NEWSWIRE) — Noble Energy, Inc. (NYSE: NBL) (“Noble Energy” or “the Company”) announced today the pricing of its previously announced cash tender offer for any and all of its $1 billion 8.25% senior notes due 2019 (“the 2019 notes”), which expired at 5:00 p.m., New York City time, on August 14, 2017 (“the Expiration Time”).

Title of Security CUSIP Number/
U.S. Treasury
Reference Page
Fixed Spread Total
8.25% Senior Notes
due 2019
  $1,000,000,000 1.375% UST
due 07/31/19
FIT1 +50 bps   $1,097.44

(1) Per $1,000 principal amount.

(2) Total Consideration (as defined below) calculated on the basis of pricing for the U.S. Treasury Reference Security as of 2:00 p.m., New York City time, on August 14, 2017.

The “Total Consideration” listed in the table above for each $1,000 principal amount of 2019 notes validly tendered and accepted for purchase pursuant to the tender offer was determined at 2:00 p.m., New York City time, on August 14, 2017. Holders will also receive accrued and unpaid interest on 2019 notes validly tendered and accepted for purchase from the March 1, 2017 interest payment date up to, but not including, the date the Company makes payment for such 2019 notes (the “Settlement Date”).

As of the Expiration Time, $666,564,000 aggregate principal amount of the 2019 notes (66.66%) were validly tendered, which excludes $2,219,000 aggregate principal amount of the 2019 notes that remain subject to guaranteed delivery procedures. The Company expects to accept for payment all 2019 notes validly tendered and not validly withdrawn in the tender offer and expects to make payment for the 2019 notes on August 15, 2017. Pursuant to the terms of the tender offer, the 2019 notes not tendered in the tender offer will remain outstanding.

On August 15, 2017, the Company expects to deliver a redemption notice for all of its 2019 notes that remain outstanding following settlement of the tender offer pursuant to the terms of the indenture governing the 2019 notes, and all remaining outstanding 2019 notes will be redeemed (subject to the terms thereof) on September 14, 2017.

This announcement is neither an offer to sell nor a solicitation of an offer to buy any of these securities and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful. This announcement shall not constitute a notice of redemption under the indenture governing the Notes.

Noble Energy (NYSE: NBL) is an independent oil and natural gas exploration and production company with a diversified high-quality portfolio of both U.S. unconventional and global offshore conventional assets spanning three continents. Founded more than 80 years ago, the company is committed to safely and responsibly delivering our purpose: Energizing the World, Bettering People’s Lives®. For more information, visit

Forward-Looking Statements

This news release contains certain “forward-looking statements” within the meaning of federal securities laws. Words such as “anticipates”, “believes”, “expects”, “intends”, “will”, “should”, “may”, and similar expressions may be used to identify forward-looking statements. Forward-looking statements are not statements of historical fact and reflect Noble Energy’s current views about future events and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those projected. These risks and uncertainties include, without limitation, the effects of global, national and regional economic and market conditions, changes in the financial markets and interest rates, the volatility in commodity prices for crude oil and natural gas, the ability to consummate the senior notes offering, tender offer or redemption and other risks inherent in Noble Energy’s businesses that are discussed in Noble Energy’s most recent annual report on Form 10-K and in other Noble Energy reports on file with the Securities and Exchange Commission. Forward-looking statements are based on the estimates and opinions of management at the time the statements are made. Noble Energy does not assume any obligation to update any forward-looking statements should circumstances or management’s estimates or opinions change.

CONTACT: Investor Contacts:

Brad Whitmarsh
(281) 943-1670

Megan Dolezal
(281) 943-1861

Media Contacts:

Reba Reid
(713) 412-8441

Deena McMullen
(281) 943-1732

Chaparral Energy Announces Second Quarter Results, Updates Guidance

OKLAHOMA CITY, Aug. 14, 2017 (GLOBE NEWSWIRE) — Chaparral Energy, Inc. (OTCQB:CHPE) announced its second quarter financial and operational results today. Highlights for the quarter include:

  • Adjusted EBITDA of $42.5 million, which is a 15 percent quarter-over-quarter increase
  • Net income of $21.4 million or 47 cents per share
  • Total net production of 23.9 MBoe/d, of which 9,136 Boe/d was from its STACK development, marking a 17 percent year-over-year and 12 percent quarter-over-quarter increase in its STACK production
  • STACK lease operating expense (LOE) of less than $4 per barrel, one of the lowest in the industry
  • An increase in its 2017 total production guidance to 8.3 to 8.7 MMBoe, including an anticipated 45 percent year-over-year growth in its STACK exit rate to more than 10 MBoe/d
  • An increase in its total capital budget to $185 to $200 million for the year
  • The company’s listing on the OTCQB market, under the symbol CHPE

“Chaparral had a very good quarter, fueled by continued best-in-class execution, strong well results and growing STACK production,” said Chief Executive Officer Earl Reynolds. “We have also had meaningful interest in our EOR asset packages and continue to move forward with the divestiture process. We believe this sale will be a significant step in the company’s transformation to a premier, pure-play STACK operator.”

“As a result of our strong STACK performance and the attractive economics within the play, Chaparral will be expanding our STACK development program and adding at least six additional gross operated wells this year,” said Reynolds. “Due to this incremental activity, we now expect our full-year STACK production to grow by more than 25 percent from 2016 to 2017 and our exit rate is projected to increase by more than 45 percent compared to last year. In anticipation of this growth, we are increasing our total company production guidance to 8.3 to 8.7 MMBoe for the year, of which 9,100 to 9,500 Boe/d is in the STACK.”

“Our operating teams continue to execute well and we continue to have success mitigating increasing inflationary pressure from the service sector,” commented Reynolds. “With the extension of our drilling program, increase in our outside operated activity levels, success in securing additional STACK acreage and inflationary pressures, we have raised our capital budget for the year to a range of $185 – $200 million.”

Operations Summary
Chaparral focused the vast majority of its operated capital in the quarter in central Oklahoma’s highly active STACK Play. During the quarter, the company brought seven new STACK wells on production, of which four were in the Meramec, two in the Osage and one in the Woodford. Initial production from these wells is encouraging. In addition, it participated in 28 outside operated STACK wells. 

The company also continued to successfully maintain its low-cost structure. It recorded a three percent quarter-over-quarter decline in its total LOE/Boe cost from $10.96/Boe in the first quarter to $10.58/Boe in the second quarter. In addition, it captured an excellent STACK LOE/Boe of $3.87 during the quarter.

In total, the company produced 23.9 MBoe/d during the second quarter, of which 57 percent was oil, 16 percent was NGLs and 27 percent natural gas. This compares to 22.5 MBoe/d in the previous quarter. This was primarily driven by growing production in the STACK, which recorded 9,136 Boe/d during the second quarter. This marks a 17 percent increase in total production in the STACK on a year-over-year basis and a 12 percent increase in the play compared to the first quarter of this year.

The company also announced it had secured almost 18,000 acres in the STACK during the first half of 2017, which included approximately 15,600 acres in its Garfield County position, as well as 2,000 acres in Kingfisher and Canadian counties. Chaparral currently has a more than 110,000 net acre position in the STACK.

Financial Summary
The company’s capital expenditures for the second quarter were $71.6 million, with $42.2 million spent in the STACK, $15.7 million spent on additional STACK acreage acquisitions and $13.7 million spent in its EOR and Other (legacy) operational categories.

Chaparral’s total revenues for the second quarter were $74 million. This represents a 12 percent year-over-year increase, which is primarily a result of an improvement in commodity prices. Production taxes were $3.4 million, while transportation and processing costs was $3.1 million for the quarter.

During the second quarter, Chaparral’s total LOE was $23.1 million or $10.58 per barrel. The company’s LOE is not comparable on a period-to-period basis due to expenses that could not be booked until the company emerged from Chapter 11. Excluding that expense, Chaparral’s LOE/Boe declined three percent compared to the company’s first quarter LOE/Boe cost, which was $10.96/Boe. LOE/Boe costs in the STACK continue to be one of the lowest in the industry at less than $4 per barrel.

The company’s net G&A expense during the second quarter was $9 million, or $4.12 per barrel. For the same reason as its LOE expense, the company’s G&A expense is not comparable on a period-to-period basis. Without that expense, the company’s net G&A for the second quarter increased 10 percent from its $3.75 per barrel cost during the first quarter.

Commodity derivative contracts increased the company’s average realized oil price from $46.68 to $51.76 per barrel and increased its average realized natural gas price from $2.69 to $2.80 per MMBTU during the quarter.

The company’s adjusted EBITDA for the second quarter was $42.5 million, which is a 15 percent quarter-over-quarter increase, compared to $36.9 million in the first quarter. It also recorded a net income of $21.4 million during the second quarter or 47 cents per share.

Chaparral’s second quarter 10-Q is available on the Investor section of the company’s website at and the Securities and Exchange Commission at The company will hold its financial and operating results call this morning, August 14 at 10 a.m. Central. Interested parties may access the call toll-free at 866-548-4713 and ask for the Chaparral Energy conference call 10 minutes prior to the start time. The conference ID number is 2123844. A live webcast of the call will also be available on the company’s website at and a recording of the call will be available on the page shortly after its conclusion.

Statements made in this release contain “forward-looking statements.” These statements are based on certain assumptions and expectations made by Chaparral, which reflect management’s experience, estimates and perception of historical trends, current conditions, anticipated future developments, potential for reserves and drilling, completion of current and future acquisitions, and growth, benefits of acquisitions, future competitive position and other factors believed to be appropriate. These forward-looking statements are subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected. Among those risks, trends and uncertainties are our ability to find oil and natural gas reserves that are economically recoverable, the volatility of oil and natural gas prices, the uncertain economic conditions in the United States and globally, the decline in the reserve values of our properties that may result in ceiling test write-downs, our ability to replace reserves and sustain production, our estimate of the sufficiency of our existing capital sources, our ability to raise additional capital to fund cash requirements for future operations, the uncertainties involved in prospect development and property acquisitions or dispositions and in projecting future rates of production or future reserves, the timing of development expenditures and drilling of wells, the impact of natural disasters on our present and future operations, the impact of government regulation and the operating hazards attendant to the oil and natural gas business. Please read “Risk Factors” in our annual reports, form 10-K or other public filings. We undertake no duty to update or revise these forward-looking statements.

About Chaparral
Chaparral is an independent oil and natural gas exploration and production company headquartered in Oklahoma City. Founded in 1988, Chaparral is a leading Mid-Continent operator with focused operations in Oklahoma’s fast-growing STACK Play. The company has potential production reserves of more than 1 billion barrels of oil equivalent and approximately 400,000 net surface acres, of which approximately 110,000 acres are in the highly economic STACK Play. For more information, please visit

Operating Results Data (Unaudited)

  Successor Predecessor
(in thousands, except share and per share data)   Three Months Ended
June 30, 2017  
  Three Months Ended
June 30, 2016  
Revenues – commodity sales $ 74,048   $ 65,990  
Costs and Expenses    
Lease operating   23,059     22,756  
Transportation and processing   3,067     2,185  
Production taxes   3,383     2,882  
Depreciation, depletion and amortization   30,851     32,964  
Loss on impairment of oil and gas assets       203,183  
Loss on impairment of other assets       1,259  
General and administrative   8,973     6,804  
Liability management       3,807  
Cost reduction initiatives   115     14  
Total Costs and Expenses   69,448     275,854  
Operating  Income (Loss)   4,600     (209,864 )
Operating (loss) income    
Non-operating Income  (Expense)    
Interest expense   (5,051 )   (20,153 )
Derivative gains (losses)   23,474     (21,400 )
Other (expense) income, net   (551 )   210  
Net non-operating (expense) income   17,872     (41,343 )
Reorganization items, net   (1,070 )   (5,355 )
Income (loss) before income taxes   21,402     (256,562 )
  Income tax expense   37     92  
Net income (loss) $ 21,365   $ (256,654 )
Net income per share:    
Basic $ 0.47     *  
Diluted $ 0.47     *  
Weighted average shares used to compute net income per share:          
Basic   44,982,142     *  
Diluted   44,982,142     *  

Consolidated Balance Sheet

  Successor Predecessor
(dollars in thousands)   June 30, 2017     December 31, 2016  
Assets (unaudited)  
Current assets:    
Cash and cash equivalents $ 17,267   $ 186,480  
Accounts receivable, net   59,901     46,226  
Inventories, net   5,289     7,351  
Prepaid expenses   2,677     3,886  
Derivative instruments   23,275      
Total current assets   108,409     243,943  
Property and equipment, net   53,902     41,347  
Oil and natural gas properties, using the full cost method:    
Proved   661,695     4,323,964  
Unevaluated (excluded from the amortization base)   604,927     20,353  
Accumulated depreciation, depletion, amortization and impairment     (30,583 )   (3,789,133 )
  Total oil and natural gas properties   1,236,039     555,184  
Derivative instruments   13,081      
Other assets   3,340     5,513  
Total assets $ 1,414,771   $ 845,987  
Liabilities and stockholders’ equity (deficit)    
Current liabilities:    
Accounts payable and accrued liabilities  $ 64,495 $ 42,442  
Accrued payroll and benefits payable   9,634   3,459  
Accrued interest payable   679   732  
Revenue distribution payable   13,009   9,426  
Long-term debt and capital leases, classified as current     4,813   469,112  
       Derivative instruments     7,525  
Total current liabilities   92,630   532,696  
Long-term debt and capital leases, less current maturities   305,572    
Derivative instruments     5,844  
Deferred compensation   836    
Asset retirement obligations   64,988   65,456  
Liabilities subject to compromise     1,284,144  
Commitments and contingencies    
Stockholders’ (deficit) equity:    
Predecessor preferred stock      
Predecessor Class A Common stock,     4  
Predecessor Class B Common stock     3  
Predecessor Class C Common stock     2  
Predecessor Class E Common stock     5  
Predecessor Class F Common stock      
Predecessor Class G Common stock      
Predecessor additional paid in capital     425,231  
Successor preferred stock      
Successor Class A Common stock   371    
Successor Class B Common stock   79    
Successor additional paid in capital   948,613    
Retained earnings (accumulated deficit)   1,682   (1,467,398 )
Total stockholders’ equity (deficit)   950,745   (1,042,153 )
Total liabilities and stockholders’ equity (deficit) $ 1,414,771   $ 845,987  

Consolidated Statements of Cash Flows (Unaudited)

  Successor Predecessor

(in thousands)

 March 22 –  
June 30,
Period from
 January 1 – March  
21, 2017
 Six Months Ended  
June 30, 2016
Cash flows from operating activities      
Net income (loss) $ 1,682   $ 1,041,959     (395,060 )
Adjustments to reconcile net loss to net cash provided by operating activities      
   Non-cash reorganization items       (1,012,090 )    
   Depreciation, depletion and amortization   34,265     24,915     64,772  
   Loss on impairment of assets           282,338  
   Write-off of Senior Note issuance costs, discount and premium           16,970  
   Derivative losses (gains)   (11,359 )   (48,006 )   9,468  
   Loss (gain) on sale of assets   863     (206 )   (66 )
   Other   1,120     645     1,998  
   Change in assets and liabilities      
        Accounts receivable   (11,973 )   198     (12,006 )
        Inventories   1,596     466     1,837  
        Prepaid expenses and other assets   1,830     (497 )   (557 )
        Accounts payable and accrued liabilities   (14,098 )   8,733     22,519  
        Revenue distribution payable   1,983     (1,875 )   (354 )
        Deferred compensation   582     143     (424 )
                Net cash provided by (used in) operating activities   6,491     14,385     (8,565 )
Cash Flows from Investing Activities      
Expenditures for property, plant, and equipment and oil and natural gas properties     (61,198 )   (31,179 )   (88,901 )
Proceeds from asset dispositions   1,929     1,884     487  
Proceeds from derivative instruments   8,355     1,285     74,847  
               Net cash used in investing activities   (50,914 )   (28,010 )   (13,567 )
Cash Flows from Financing Activities      
Proceeds from long-term debt   18,000     270,000     181,000  
Repayment of long-term debt   (720 )   (444,785 )   (1,096 )
Proceeds from rights offering, net       50,031      
Principal payments under capital lease obligations   (713 )   (568 )   (1,234 )
Payment of other financing fees       (2,410 )    
              Net cash provided by (used in) financing activities   16,567     (127,732 )   178,670  
              Net (decrease) increase in cash and cash equivalents   (27,856 )   (141,357 )   156,538  
Cash and Cash Equivalents at Beginning of Period   45,123     186,480   $ 17,065  
Cash and Cash Equivalents at End of Period  $ 17,267   $ 45,123   $ 173,603  

Adjusted EBITDA Reconciliation Non-GAAP

(in thousands) Successor Predecessor
March 22 – June 30, 2017
Period from
January 1 –
March 21, 2017
Six Months Ended June 30, 2016
Net income (loss) $ 1,682   $ 1,041,959   $ (395,060 )
Interest expense   5,701     5,862     49,807  
Income tax expense   38     37     224  
Depreciation, depletion, and amortization   34,265     24,915     64,772  
       Non-cash change in fair  value of derivative instruments   (3,004 )   (46,721 )   163,238  
       Gain on settlement of  liabilities subject to compromise       (372,093 )    
Fresh start accounting adjustments       (641,684 )    
Upfront premiums paid on settled derivative contracts           (20,608 )
Proceeds from monetization of derivatives with a scheduled maturity date more than 12 months from the monetization date excluded from EBITDA        
    (12,810 )
Interest income   (5 )   (133 )   (90 )
Stock-based compensation expense       155     (717 )
Loss (gain) on sale of assets   863     (206 )   (66 )
Loss on impairment of assets           282,338  
       Write-off of debt issuance costs, discount and premium       1,687     16,970  
Restructuring, reorganization and other   1,811     24,297     3,139  
Adjusted EBITDA $ 41,351   $ 38,075   $ 151,137  

CONTACT: Investor Contact
Joe Evans 
Chief Financial Officer

Media Contact
Brandi Wessel 
Manager – Communications

Navigators Promotes Pat Milner to President of NavTech

STAMFORD, Conn., Aug. 10, 2017 (GLOBE NEWSWIRE) — The Navigators Group, Inc. (NASDAQ:NAVG) today announced the promotion of Patrick J. Milner to President of NavTech, the company’s global business unit underwriting upstream and downstream energy, power generation, engineering/construction and other technical industrial-related risks. Mr. Milner succeeds Stephen R. Coward, who retired as President of NavTech at the end of July after more than 15 years with Navigators. Mr. Milner is an industry veteran who has been with Navigators in London for nearly 30 years and worked with Mr. Coward at the formation of NavTech in 2009. Most recently, Mr. Milner led the company’s global upstream energy business.

A photo accompanying this announcement is available at

Additionally, Jerry L. Wosleger has been promoted to Senior Vice President of NavTech, responsible for building the NavTech business in North America, in addition to his current leadership of the global downstream energy practice. Mr. Wosleger is a leading technical underwriter in the energy sector with nearly 30 years of industry experience. Mr. Wosleger is based in New York City.

“We congratulate Pat Milner and Jerry Wosleger on their expanded leadership roles in one of our most important industry specialties – global energy,” said Stan Galanski, President and Chief Executive Officer of Navigators.  “At the same time, we thank Stephen Coward for his many contributions—both as an expert underwriter and insurance executive—to the growth of Navigators. We are confident that the culture of technical underwriting expertise that has been the hallmark of NavTech and indeed of our company is in good hands with this logical transition in leadership.”

The Navigators Group, Inc. is an international specialty insurance holding company with operations in the United States, the United Kingdom, Continental Europe and Asia.

Courtney Oldrin 
Head of Communications

PHI Group Partners with Aquarius Power to Provide Breakthrough Renewable Energy Technology to Vietnam

NEW YORK, Aug. 10, 2017 (GLOBE NEWSWIRE) — PHI Group, Inc., ( (OTCQB:PHIL), a company focused on mergers and acquisitions and investments in natural resources, energy, agriculture and special situations, announced today that it has signed a Memorandum of Understanding (“MOU”) with Aquarius Power, Inc. (“AQP”), a Texas company, to provide renewable energy technology to Vietnam.  PHI has also made an investment to become a strategic shareholder of AQP and will continue making additional investments in the near future.

PHI and AQP will form a joint venture company which will have the exclusive right to sublicense, sell, build, own and/or operate the AQP energy systems in Vietnam on an exclusive basis. 

PHI will be responsible for: Obtaining all necessary approvals to build, own and operate AQuarius Energy System; Securing a binding and acceptable power purchase agreement (PPA) from the governmental authority; Providing the land for the Aquarius Energy System; Providing the construction and civil engineering know-how to build the energy pools; Providing management, engineering and operational manpower to build and operate the AQuarius Engineering System; and Providing the interconnection of the AQuarius Energy System to the national grid.

AQP’s responsibilities include: Support PHI in obtaining the Power Purchase Agreement; Conduct a site survey and provide blueprints for a tailor made Energy System; Provide technical support for the construction and operation of the Energy System (Includes training for construction, installation and operations); Build, Ship, the AQuarius Energy System(s); and Install and commission the AQuarius Energy System as required.

AQuarius Wave Energy System is a land-based wave energy system that uses a combination of gravity and “buoyancy” found within the interaction between air and water to produce power that can be used to generate electricity and / or produce potable water. AQuarius is a baseload zero carbon footprint that uses no consumables and can be installed virtually anywhere on the planet that is cost effective against any fossil fuel alternatives.  The system, which can be built turn-key within 6 months of obtaining permits, has an operating life of over 60 years and is clean, scalable, reliable, and extremely flexible.  Its operating cost is comparably low as hydroelectric systems.

Robert Schuster, Founder and CEO of AQP, stated, “We are excited to work with the PHI Group to bring the amazing technology to Vietnam.  We believe we can bring affordable baseload renewable energy to the rural areas as well as the urban areas throughout Vietnam.”

Henry Fahman, CEO of PHI Group, said, “We are delighted to cooperate with AQP and look forward to first installing this breakthrough technology for the 100-MW power plant project in Yen Bai Province, Northern Vietnam.  We also plan to apply it for other projects in the near future.”

At current electricity price levels in Vietnam, projected average annual revenues and EBITDA during the first 9 years of operation for the power plant in Yen Bai are $101 million and $80 million, respectively.

On another note, PHI Group has recently investigated other innovative, breakthrough technologies including water conditioning systems for agriculture and human consumption, biopesticides, nano-curcumin extraction, and polymer-based building materials, etc. that are environmentally friendly, cost-saving, yield-enhancing and capable of greatly improving the quality of life.  The Company expects to introduce a number of these technologies for business applications in the near future.

About PHI Group
PHI Group ( primarily focuses on mergers and acquisitions and invests in select industries and special situations that may substantially enhance shareholder value.  PHI Group also provides M&A and consulting services through its wholly owned subsidiary, PHI Capital Holdings, Inc. (

About AQuarius
AQuarius Power Inc. (AQP), a Texas Corporation, was created for the purpose of developing and licensing certain revolutionary technologies with the potential to provide clean, baseload energy technologies.

Safe Harbor
This news release contains forward-looking statements that are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of such forward-looking statements pursuant to the “safe-harbor” provisions of the Private Securities Litigation Reform Act of 1995.

CONTACT: Press Contact:
Henry Fahman