Altima Energy Inc (PK) (ARSLF) News

Effective Dec. 6,2024 Altima Resources Ltd. will change to Altima Energy Inc

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ARSLF one for 15 reverse split:

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Accumulating

Where has everyone been?

Altima Resources Ltd. (ARH.V) Altima's Chambers 5-35-41-11 W5M Well On-Stream



July 17, 2014 / Altima Resources Ltd. (TSX-V: ARH / FSE: AKC / OTC Pink: ARSLF) announces that the Altima Chambers 5-35-41-11 W5M well (5-35 well) was placed on-stream July 16, 2014.

The 5-35 well was drilled to a Total Depth (TD) of 3,158 meters Measured Depth and Rig Released (RR) on March 16, 2014. Altima completed a 1.37 kilometer, 4 inch natural gas pipeline from the 5-35 well to a newly constructed riser located at 9-35-41-11 W5M. This infrastructure connects the 5-35 well into Altima's existing Chambers North production and gathering system.

As reported in the Company's March 3, 2014 News Release, the 5-35 well is the second well drilled under Altima's Participation Agreement with Whistler Oil and Gas Pty. Ltd. The 5-35 well is located approximately 1.1 kilometers south of the 15-35-41-11 W5M well (which was drilled, completed, and placed on production in 2013), and 4 kilometers to the north of the COPOL ET AL HZ CHAMBERS 14-15-41-11 W5M well (which was drilled and completed in 2012, and placed on production in 2013).

The Company's mostly contiguous land base at Chambers-Ferrier totals twenty-seven (27) sections (17,280 gross acres) with an approximate average working interest of 86% in 16 of the 27 sections and varying interests in eleven (11) wells.

Richard Switzer, CEO, President and a Certified Professional Geologist, is the Qualified Person under National Instrument 51-101 responsible for preparing and reviewing the data contained in this press release.

ON BEHALF OF THE BOARD


SIGNED: "Richard Switzer"

Richard Switzer, CEO and President

New well tested 5 zones gas and liquids in all zones... if no r/s this will fly... r/s always the wrong move....another well planned shortly... management should cancel r/s and announce it asp.

R/S ...price up for a few days but not much and then will fall back quickly to pps of today no R/S and Altima moves up,they had traction till they made the R/s announcement...Management cancel the R/S.

1 for 8 r/s at their discretion,the worst move they could make, if there is a vote,, vote against it,it is the kiss of death never works,they have a small float as it is,it was moving up until this announcement.

Light sweet oil is the rummer im hearing in the Chambers area several tight holes drilled results pending at 9 cents and afairly low float time to buy more.

Popping !dollar+ coming great small oil,drilling successfull wells in chambers area Canada,large land base where some majors drilling around their holdings.

Time to add to your position,nat gas prices forecast much greater next yr this company should be much higher even now with new successful wells coming online.

Time for Altima to have a news release bad pr has kept their share price to low I know there is good news,wells drilled pipe lines laid we know that but what are flow rates is it oil or gas,this stock with news would be at least .25 cents or more.

I have a large position in Altima, they seem to be drilling good,, wells... no dry holes several new cased wells to be put on production,other than that its hush hush on flow rates.I am hoping they have hit light oil and are leasing more land before releasing news.If true , Altima shares should finally move .

Altima should be close to releasing news on well completion, they are having a good success rate in the Chambers area,Canada.The share price is way to low,time to accumulate.

NEWS!!!!!!!!!!!!!

Altima Enters (TSX VENTURE:ARH) - (PINKSHEETS:ARSLF) Into Amending Agreement for the Drilling of the 05-35-41-11 W5M and the 09-35-41-11 W5M Wells to Be Drilled at Chambers-Ferrier, Alberta




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 granted the right to earn a 50% working interest (the "Working Interest") in three (3) conventional vertical wells (the "Future Wells") to be drilled on the Company's currently held oil and gas leases located in the Chambers-Ferrier area of the Western Canada Sedimentary Basin ("WCSB"), Alberta (the "Project").

The Amending Agreement provides that Whistler has agreed to invest additional funds estimated to be $7,000,000 (the "Additional Investment") for the drilling of the 05-35-41-11 W5M and the 09-35-41-11 W5M vertical wells. Of the Additional Investment, $1,000,000 (which was payable on execution of the Amending Agreement) will be a refundable deposit, with the balance $6,000,000 being due and payable on or before January 17, 2014. The parties have agreed that in the event an anticipated financing for Whistler's participation on January 4, 2014 does not occur, Whistler has the right to notify Altima that it is unable to complete the Additional Investment. Altima will then be free to either drill the wells for its own interest or to find an alternative partner to complete the drilling of the wells. Upon completion of either of these arrangements, Altima will reimburse Whistler for the funds advanced.

Pursuant to the Amending Agreement, Whistler has agreed to pay from its Investment 100% of the Drilling, Completion and Equipping costs (as those terms are defined in CAPL-2007) of each Future Well drilled in the Project to earn its 50% Working Interest, provided that Whistler shall receive 60% of the net revenue from the 15-35-41-11 W5M well, and 75% of the net revenue from the 05-35-41-11 W5M and the 09-35-41-11 W5M wells, until it has recovered 100% of its Initial Investment in the 15-35-41-11 W5M, the 05-35-41-11 W5M and the 09-35-41-11 W5M wells.

Upon Whistler having earned a 50% Working Interest in the 15-35-41-11 W5M well, the 05-35-41-11 W5M well, and the 09-35-41-11 well, Altima has agreed to deliver such documentation as is required to transfer to Whistler an undivided 50% Working Interest these three wells and a 50% working interest in Section 35-41-11 W5M upon the three wells being completed for production.

ON BEHALF OF THE BOARD

Joe DeVries, Director

At .08 this is a stock to buy and hold. This company is producing and selling product. They have partners who are willing to finance production for a cut of profits. ie. Whistler Oil and Acumen Energy.
Check out this presentation that was posted on Altima's website last month. http://www.altimaresources.com/presentations/ARH%20November%202013%20web.pdf
ARSLF

The well is proven to produce, and the pipeline is being put in the ground as we speak! The well is to online in early September.

Can you share any info?

This stock will be moving in early September.

The price is about 5 cents per share with very little activity,

Thay raised some money and they have good management

I will be looking at Altima Resources and post my findings

Daily/Weekly chart @0.05






Kiwi.

Altima Resources Assessment.
email - savant@mail.org and ask for the report.

Kiwi

Some nice volume today 198,100

Proceeds of up to $1,200,000 raised from
the Flow-Through private placement will be used for exploration and development of the
Company’s oil and gas properties located in Alberta, such that the exploration work will qualify
as Canadian Exploration Expense for the purposes of the Income Tax Act (Canada), which will
then be renounced by the Company to the placees.

JOINT NEWS RELEASE
ALTIMA RESOURCES LTD.
TSX-V Symbol: ARH
Suite 303, 595 Howe Street
Vancouver, BC V6C 2T5
Telephone: (604) 718-2800
Fax (604) 718-2808
UNBRIDLED ENERGY CORPORATION
TSX-V Symbol: UNE
Suite 301, 2100 Georgetown Drive
Sewickley, PA 15143
Telephone: (724) 934 2340
Fax (724) 934 2355
Altima Resources Ltd. and Unbridled Energy Corporation
Announce Approval by the Shareholders of Unbridled Energy Corporation
of the Arrangement Transaction with Altima Resources Ltd.
February 5, 2010 - Vancouver, British Columbia – Altima Resources Ltd. ("Altima") and
Unbridled Energy Corporation ("Unbridled") (Altima and Unbridled are collectively referred to as
the "Companies") announce that the shareholders of Unbridled approved of the plan of
arrangement (the “Arrangement”) between the Companies at a Special Meeting of the
shareholders of Unbridled held earlier today. The resolution approving the Arrangement was
approved by 99.89% of the votes cast at the meeting. Under the Arrangement, each one
common share of Unbridled will be exchanged for one common share of Altima. Further details
concerning the Arrangement can be found in the Information Circular of Unbridled dated
December 29, 2009 filed on SEDAR and available at www.sedar.com.
The completion of the Arrangement is subject to receipt of final court approval and final
acceptance by the TSX Venture Exchange. Assuming receipt of court approval is obtained, and
that all other conditions to the completion of the Arrangement are satisfied or waived, including
the final acceptance of the TSX Venture Exchange, the Arrangement is expected to become
effective on or about February 10, 2010.

429501\ARRANGEMENT 2009\0152
JOINT NEWS RELEASE
ALTIMA RESOURCES LTD.
TSX-V Symbol: ARH
Suite 303, 595 Howe Street
Vancouver, B.C V6C 2T5
Telephone: 604-718-2800
Fax: 604-718-2808
UNBRIDLED ENERGY CORPORATION
TSX-V Symbol: UNE
Suite 301, 2100 Georgetown Drive
Sewickley, PA 15143
Telephone: 724-934-2340
Fax: 724-934-2355
Altima Resources Ltd. and Unbridled Energy Corporation
Announce Completion of Arrangement Transaction
February 11, 2010 – Vancouver, British Columbia – Altima Resources Ltd. (“Altima”) and Unbridled
Energy Corporation (“Unbridled) (Altima and Unbridled are collectively referred to as the “Companies”)
are pleased to announce the completion of the plan of arrangement (the "Arrangement") between the
Companies. The completion of the Arrangement was subject to final court approval from the Supreme
Court of British Columbia and final acceptance by the TSX Venture Exchange, which were obtained on
February 9, 2010 and February 10, 2010, respectively.
As part of the Arrangement, Robert Penner has been appointed to the Board of Directors of Altima.
Further, Craig Steinke, E. Bernard Brauer and Richard Day have resigned from the Board of Directors of
Unbridled and Joe DeVries and Richard Switzer have been appointed to the Board of Directors of
Unbridled.
The Companies have requested that Unbridled be delisted from the TSX Venture Exchange.
Further details concerning the Arrangement can be found in the Information Circular of Unbridled dated
December 29, 2009 filed on SEDAR and available at www.sedar.com.

ARSLF is the US pinksheet listing for the company making it easier for investors to buy in the states

ARSLF is a Canadian oil and gas exploration company operating primarily in Alberta....it trades in Canada on the TSX under symbol ARH