DXI Energy Inc. (TSX: DXI) (OTCQB: DXIEF) (“DXI” or the “Company”), an upstream oil and natural gas exploration and production company operating projects in Colorado’s Piceance Basin and the Peace River Arch region in British Columbia today announced that it has contracted C$780,000 in debt financing designated for the continued development of the Woodrush Project in Fort St. John.
While you will hear some miners and energy guys complain about First Nations issues the fact is that First Nations people simply want a fair share of the economic activity on their lands. Plus, in Northern BC or the Yukon, First Nations are a readily available source of the workforce mining and energy companies need.
While MotherlodeTV.net is focussed on mining stories, the energy sector is warming up again. Even before the recent events in Saudi, oil prices have been rising and the Brent oil price just broke $60 a barrel for the first time since 2015. Positioning to take advantage of the firming oil price is challenging. Especially with the uncertainty which surrounds both heavy oil plays and fracking.