Resolute Resources Limited News Releases

Resolute Resources Ltd Completes Sale of Wholly Owned Subsidiary

Fri, 04 Oct 2024 17:00:00 -0400

Calgary, Alberta--(Newsfile Corp. - October 4, 2024) - Resolute Resources Ltd. (TSXV: RRL) ("Resolute" or the "Company") is pleased to announce the successful closing of the transaction, previously announced on July 29, 2024, to sell its now former sole direct wholly-owned subsidiary, Resolute Resources Limited (the "Subsidiary"), to a private arm's length purchaser (the "Purchaser") for cash consideration of $75,000.The Subsidiary encompasses all oil and gas assets previously held by the...

Resolute Resources Ltd. Announces Sale Agreement

Mon, 29 Jul 2024 16:33:00 -0400

Calgary, Alberta--(Newsfile Corp. - July 29, 2024) - Resolute Resources Ltd. (TSXV: RRL) ("Resolute" or the "Company") is pleased to announce that it has entered into a definitive agreement to sell its sole direct wholly-owned subsidiary, Resolute Resources Limited (the "Subsidiary"), to a private arm's length purchaser (the "Purchaser") for cash consideration of $75,000.The Subsidiary holds all oil and gas assets of the Company (the "Properties") as well as all issued and outstanding shares of...

RETRANSMISSION: Resolute Resources Ltd Provides Update and Initiates Strategic Review

Tue, 30 Jan 2024 12:15:00 -0500

Calgary, Alberta--(Newsfile Corp. - January 30, 2024) - Resolute Resources Ltd. (TSXV: RRL) ("Resolute" or the "Company") would like to provide an update with respect to its oil project in Northwest Alberta and strategic direction going forward. Resolute's Grimshaw channel well demonstrated a new heavy oil pool containing 6o API. Oil samples collected while drilling exhibited light-medium brown oil staining, which visually appeared different to the black 6o API oil collected during the workover...

Resolute Resources Ltd Provides Update and Initiates Strategic Review

Mon, 29 Jan 2024 19:12:00 -0500

Calgary, Alberta--(Newsfile Corp. - January 29, 2024) - Resolute Resources Ltd. (TSXV: RRL) ("Resolute" or the "Company") would like to provide an update with respect to its oil project in Northwest Alberta and strategic direction going forward. Resolute's Grimshaw channel well demonstrated a new heavy oil pool containing 6o API. Oil samples collected while drilling exhibited light-medium brown oil staining, which visually appeared different to the black 6o API oil collected during the workover...

Resolute Resources Ltd Provides Board of Directors Update

Mon, 15 Jan 2024 17:01:00 -0500

Calgary, Alberta--(Newsfile Corp. - January 15, 2024) - Resolute Resources Ltd. (TSXV: RRL) ("Resolute" or the "Company") announces today that it has accepted the resignations of independent directors Curt Labelle and Chris Wolfenberg from the Board of Directors of the Company. The board would like to thank Mr. Labelle and Mr. Wolfenberg for their service and wishes them all the best in the future.The board is actively engaged in identifying and evaluating alternatives with respect to the...

Resolute Resources Ltd Provides Well Update

Fri, 12 Jan 2024 08:11:00 -0500

Calgary, Alberta--(Newsfile Corp. - January 12, 2024) - Resolute Resources Ltd. (TSXV: RRL) ("Resolute" or the "Company") provides an update in respect of the HZ ANTHONY 12-19-83-23 which commenced drilling November 24th and was completed on December 3rd. Gething channel sand was encountered as per geologic modeling. 2350 metres of open hole were drilled over 4 laterals, which were terminated short due to formation dropping below log verified oil saturation and a desire to avoid unnecessary...

Resolute Resources Ltd Announces Rig Mobilization and Spud Date

Mon, 20 Nov 2023 08:00:00 -0500

Calgary, Alberta--(Newsfile Corp. - November 20, 2023) - Resolute Resources Ltd. (TSXV: RRL) ("Resolute" or the "Company") is pleased to announce that the rig, Precision Drilling Rig #141, is being mobilized to the 14-19-83-23W5 drill pad this week.The RESOLUTERESLTD HZ ANTHONY 11-24-83-24 is planned to Spud on November 23rd, 2023. The well is expected to take ten days to reach total depth ("TD"). Following reaching TD, a production test is to be performed. Production results should be...

Resolute Resources Announces Operational Update

Mon, 13 Nov 2023 10:30:00 -0500

Calgary, Alberta--(Newsfile Corp. - November 13, 2023) - Resolute Resources Ltd. (TSXV: RRL) ("Resolute Resources", "Company", "our" or "we")Operational UpdateRESOLUTERESLTD HZ ANTHONY 7-24-83-24W5The RESOLUTERESLTD HZ ANTHONY 7-24-83-24W5 ("Shoreline", "7-24") horizontal multilateral well was drilled with six lateral legs for a total length of approximately 8,500 meters. During drilling, many thousands of meters of oil saturated rock with good gas response were observed. In addition, medium...

Resolute Resources Announces Operational Update and Leadership Transition

Tue, 31 Oct 2023 04:00:00 -0400

Calgary, Alberta--(Newsfile Corp. - October 31, 2023) - Resolute Resources Ltd. (TSXV: RRL) ("Resolute Resources", "Company", "our" or "we")Operational UpdateSince incorporation in 2019, Resolute Resources has advanced from an exploration concept to a publicly listed oil and gas company. We made our first land purchase in 2020, and significantly expanded our land holdings in 2022. We successfully obtained licenses for our first wells and established two well pads in mid- 2023. On September...

Resolute Resources Ltd. Announces Rig Release, Operations Update and 11-24 Well License

Mon, 25 Sep 2023 08:00:00 -0400

Calgary, Alberta--(Newsfile Corp. - September 25, 2023) - Resolute Resources Ltd. (TSXV: RRL) ("Resolute" or the "Company") is pleased to announce that the rig, Stampede #14, was rig released from 5-25-83-24W5 drill pad upon completion of the drilling of the RESOLUTERESLTD HZ ANTHONY 7-24-83-24 well.The RESOLUTERESLTD HZ ANTHONY 7-24-83-24 took 17 days to drill and the final AFE will be within 15% of the previously estimated well costs. Reservoir production testing will commence with results...