San Diego, CA, United States
San Diego, CA, United States

Point Loma Nazarene University is a Christian liberal arts college. Its main campus is located on the Point Loma oceanfront in San Diego, California, United States. It was founded in 1902 as a Bible college by the Church of the Nazarene. Wikipedia.


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News Article | April 12, 2016
Site: motherboard.vice.com

A “crusade of crabs” isn’t technically the correct collective noun for the ocean-dwelling crustaceans (for the record, it’s “cast”), but I propose that it should be. At least with special regard to this mesmerizing footage of thousands of determined pelagic red crabs (Pleuroncodes planipes) swarming in unison across the seafloor. The miraculous feat of nature was captured on film by a team of biologists off Panama’s Pacific coast at the Hannibal Bank seamount. Jesús Pineda, a senior scientist at the Woods Hole Oceanographic Institution, was aboard the the manned submersible Deep Rover 2 at a depth of approximately 1,263 feet when he and his crew spotted the swarm. As the newly released video reveals, thousands of crabs were filmed moving in sync with one another, seemingly away from and toward nothing. “It was unusual. In the past, we’ve noticed aggregations of breeding crabs hanging around the ocean floor, or migrating onto land if they’re terrestrial. But these particular crabs weren’t responding to food, or migrating, or reproducing. This was something different,” Pineda told me about the event. The team of biologists, which included staff from Point Loma Nazarene University, San Francisco Estuary Institute, and the Smithsonian Tropical Research Institute, were researching the hotspots of diversity found on Panama’s nutrient-rich underwater seamounts. Less than one percent of these ecosystems have been studied, but they’re of special interest to biologists because their high levels of biomass present exciting opportunities for new discoveries and insights into how deep-water organisms thrive. Pineda removed a few specimens from the swarm, and using DNA sequencing he was able to determine the species as the red crab. Named for their striking color, these crustaceans are also sometimes called “tuna crabs” due to their tendency to feed on yellowfin tuna. As to why this underwater murmuration might’ve occurred, Pineda and his colleagues are still looking for a definitive answer. One potential theory has to do with the feeding behavior of this species of crab. Red crabs have been observed moving up and down in the “water column”—a term used to describe the various ecological features of different ocean strata—to find and eat prey. “People have described schools of crabs six miles long in the water column. Some of these crabs have been reported to migrate vertically, which means that during the day, they can be found on the bottom of the ocean in the sediment. But at night, they ascend in the water column to feed on copepods and plankton near the surface. One possibility about this swarm is that it’s a school of crabs that’s just sitting on the bottom during the day,” Pineda told me. This particular area off the Panama coast features especially "hypoxic" (low oxygen) water levels, according to a statement. Red crabs have been detected in hypoxic areas before, and it’s also possible the swarm was seeking refuge from predators in a habitat where few predatory species are able to survive. Scientists not affiliated with the expedition have theorized that El Niño conditions may have contributed to the phenomenon. Thousands of red crabs have washed up on beaches in San Diego in the past, and have been positively linked to increased ocean temperatures. But according to Pineda, this explanation doesn’t describe what he saw at the Hannibal Bank seamount. “Red crabs are very abundant in southern Baja California. People have noticed during El Niño years that ocean currents change and cause the mass transport of water [in a northerly direction],” he explained to me. "With that, larvae is also transferred, resulting in huge schools of crabs that suddenly show up in southern California. But I don’t see a mechanism for El Niño explaining what we observed. At the time of the cruise one year ago, a full El Niño had not been declared." Pineda said he and his colleagues hope to eventually discover what was driving the exodus of thousands of red crabs that day. The team has just published their findings from last year’s expedition in the journal PeerJ. Their plan is to return to the Hannibal Bank seamount and continue their research on the ecosystem’s astounding levels of biodiversity. And who knows—maybe they’ll get lucky enough to come across another crusade of crabs. Or maybe we’ll just all have to chalk this up as being another one of the ocean’s many great mysteries.


News Article | February 21, 2017
Site: www.eurekalert.org

RIVERSIDE, Calif. -- A team of scientists, led by a group at the University of California, Riverside, has received a five-year, $5.1 million grant from the U.S. Department of Agriculture to fight a disease that is devastating the citrus industry. The team, led by Caroline Roper, an associate professor of plant pathology, will design and identify bactericides, which are chemicals that kill bacteria, to target Huanglongbing, a bacterial plant disease decimating citrus trees worldwide. They will also focus on better understanding the pathways those bactericides travel inside citrus trees. Huanglongbing, which has devastated citrus trees in Asia and South America, was detected in Florida in 2005 and has since led to a 75 percent decline in the Florida's $9 billion citrus industry. Fifteen U.S. States or territories are under full or partial quarantine due to the presence of the Asian citrus psyllid, an insect which feeds on citrus trees and -- in doing so -- transmits Huanglongbing. Past research has identified the bacterium Candidatus Liberibacter asiaticus or CLas associated with Huanglongbing that is killing citrus trees. But, it has proved difficult to deliver bactericides to the phloem, the part of the citrus tree where the harmful bacteria resides. The UC Riverside team will analyze phloem transit routes that bactericides take when introduced through common application methods, such as trunk injection or leaf or root applications. They will also continue to develop a new delivery system for use in field citrus trees. The delivery system targets the branches and petioles, which are the stalk that join a leaf to a stem. The idea is based on previous work that indicates that this is an effective and efficient way to tap into and introduce material into phloem tissue, a tissue that is hard to access. They will also conduct fluorescent tracer experiments that map phloem transport pathways in citrus and harness that information to predict and test the routes that bactericides take when introduced. This will yield information about the routes bactericides travel when administered through delivery methods used by growers and the branch/petiole feeding technique. The researchers will develop two classes of bactericides, the first based on mining anti-CLas compounds naturally produced by microbes that inhabit Huanglongbing survivor trees in Florida, and the second based on silver and sulfur nanoparticles. Finally, the researchers will also undertake an extension and outreach program for citrus growers and non-commercial citrus growers (homeowners and hobbyists). They will also perform an economic cost-benefit analysis for adoption of these treatments in the commercial citrus industry. In addition to Roper, the following UC Riverside scientists are involved: James Borneman, Philippe Rolshausen, David Jassby, Georgios Vidalakis, and Haizhou Liu. And, the following researchers from other institutions are involved: Robert Turgeon (Cornell University); Katherine Maloney (Point Loma Nazarene University); Pieter Dorrestein (UC San Diego); Greg McCollum (U.S. Department of Agriculture), and Jonathan Kaplan (CA State University, Sacramento). The grant is one of four given by the U.S. Department of Agriculture's National Institute of Food (NIFA) and Agriculture to combat Huanglongbing. The funding is made possible through NIFA's Specialty Crop Research Initiative Citrus Disease Research and Extension Program, authorized by the 2014 Farm Bill.


CALGARY, AB--(Marketwired - February 27, 2017) - Point Loma Resources Ltd. (TSX VENTURE: PLX) (the "Corporation" or "Point Loma") is pleased to report the results of its 2016 year-end reserves as evaluated by McDaniel and Associates Ltd. ("McDaniel") and provide an update of operations and acquisitions: As per the subsequent tables of reserves and values for Point Loma, Judy Creek (proposed closing late February 2017) properties and the properties of Ascent Energy Ltd. that have been amalgamated into Point Loma, the Corporation has prepared the following summary tables of reserves and values. The summary tables are illustrative of the potential combined reserves of the Corporation upon closing of the Judy Creek property acquisition but have been evaluated separately for Point Loma by McDaniel and not included in the Point Loma 2016 year-end evaluation (summarized later in this release as "Summary of Corporate Reserves") due to timing of the two acquisitions occurring post year-end 2016. The following table is a summary of the combined estimated reserves as at December 31, 2016, based on the McDaniel reserve estimates of Point Loma, the Judy Creek properties and Ascent. Net Present Values of Future Net Revenue Before Income Taxes Discounted at (%/year) (1)(2)(3)(4) The following table is a summary of the estimated reserves as at December 31, 2016, based on the McDaniel report. Net Present Values of Future Net Revenue Before Income Taxes Discounted at (%/year) (1)(2)(3)(4) The following table is a summary of the estimated net present values of future net revenue (before income taxes) associated with Point Loma's reserves as at December 31, 2016. The following table summarizes McDaniel's commodity price forecast and foreign exchange rate and inflation rate (1) assumptions as at December 31, 2016, as applied in the McDaniel report. Point Loma has entered into an agreement to acquire certain assets in the Judy Creek and Thornbury areas of Alberta. The transaction is anticipated to close in late February 2017 and is subject to standard closing conditions and the subsequent Alberta Energy Regulator approval of the transfer of licenses. The following is a summary of the reserve evaluation prepared by McDaniel for Point Loma as at December 31, 2016. The following table is a summary of the estimated acquired reserves as at December 31, 2016, based on the McDaniel preliminary report. Net Present Values of Future Net Revenue Before Income Taxes Discounted at (%/year) (1)(2)(3)(4) The following table is a summary of the estimated net present values of future net revenue (before income taxes) associated with the acquired property reserves as at December 31, 2016. Point Loma has completed a transaction to acquire the corporation Ascent and has amalgamated Ascent into Point Loma effective January 24, 2017. The following is a summary of the reserve evaluation prepared by McDaniel for Point Loma as at December 31, 2016. The reserves were not part of the Point Loma year end evaluation due to the timing of the acquisition. The following table is a summary of the estimated acquired reserves as at December 31, 2016, based on the McDaniel preliminary report. Net Present Values of Future Net Revenue Before Income Taxes Discounted at (%/year) (1)(2)(3)(4) The following table is a summary of the estimated net present values of future net revenue (before income taxes) associated with the acquired Ascent property reserves as at December 31, 2016. Point Loma has entered into an agreement to acquire certain properties in the Judy creek and Thornbury areas that will expand our Paddle River focus area and add significant reserves and production. With the addition of these properties Point Loma will be producing approximately 900 boe/d and will have an additional estimated 450 boe/d of behind pipe production. Re-activating this production will be the focus of first half 2017 activity. Point Loma will continue to seek deals that strengthen our cash flow per share and reserves per share. In addition Point Loma is working to license wells for drilling in 2017 to further develop existing oil pools and test additional bypass pay opportunities. Point Loma now has approximately 225,000 net acres and a large inventory of indicated prospects that can allow the Corporation to grow quickly as we gain scale and better valuation in capital markets. Point Loma's 2016 year-end reserves evaluation was prepared by, the Corporation's independent qualified reserves evaluator, in accordance with definitions, standards and procedures contained in the Canadian Oil and gas Evaluation Handbook and National Instrument 51-101 - Standards of Disclosure for Oil and Gas Activities ("NI 51-101"). Additional information regarding the Corporation's reserve data and other oil and gas information will be included in the Corporation's Annual Information Form ("AIF") for the year ended December 31, 2016, which will be filed under the Corporation's profile at www.sedar.com on or about March 31, 2017. See also cautionary statements below for further explanations and discussions. Point Loma is a public oil and gas development and exploration company focused on horizontally exploiting conventional oil and gas reservoirs in west central Alberta. Point Loma's business plan is to utilize its experience to drill, develop and acquire accretive assets with potential for horizontal multi-stage frac technology and exploit opportunities for secondary recovery. For more information and our current presentation please visit Point Loma's website at www.pointloma.ca or Point Loma's profile on the System for Electronic Document Analysis and Retrieval website at www.sedar.com. This press release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws, including without limitation, statements pertaining to Point Loma's expectations as to production and future potential production increases, as well as increases in cash flow and the timing thereof; future gas processing rates; Point Loma's expectations as to future prices of oil and natural gas; the focus of Point Loma's management team and go-forward strategy. The use of any of the words "will", "expects", "believe", "plans", "potential" and similar expressions are intended to identify forward-looking statements or information. Although Point Loma believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because Point Loma cannot give assurance that they will prove to be correct. Since forward-looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, the risks associated with the oil and gas industry in general such as operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of reserve and resource estimates; the inability of Point Loma to bring additional production on stream or in the anticipated quantities disclosed herein; the uncertainty of estimates and projections relating to reserves, resources, production, costs and expenses; health, safety and environmental risks; commodity price and exchange rate fluctuations; marketing and transportation; loss of markets; environmental risks; competition; incorrect assessment of the value of acquisitions; failure to realize the anticipated benefits of acquisitions; ability to access sufficient capital from internal and external sources; changes in legislation, including but not limited to tax laws, royalties and environmental regulations, actual production from the acquired assets may be greater or less than estimates. Management has included the above summary of assumptions and risks related to forward-looking information provided in this press release in order to provide security holders with a more complete perspective on Point Loma's future operations and such information may not be appropriate for other purposes. The forward-looking statements and information contained in this press release are made as of the date hereof and Point Loma does not undertake any obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. "BOEs" may be misleading, particularly if used in isolation. A BOE conversion ratio of six thousand cubic feet of natural gas to one barrel of oil equivalent (6 Mcf: 1 bbl) is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. As the value ratio between natural gas and crude oil based on the current prices of natural gas and crude oil is significantly different from the energy equivalency of 6:1, utilizing a conversion on a 6:1 basis may be misleading as an indication of value.


News Article | December 22, 2016
Site: www.marketwired.com

CALGARY, AB--(Marketwired - December 22, 2016) - Point Loma Resources Ltd. (TSX VENTURE: PLX) (the "Corporation" or "Point Loma") is pleased to announce that it has entered into a definitive agreement to acquire all of the issued and outstanding shares of a private oil and gas company with producing assets in central Alberta (the "Acquisition") for the consideration of 1,250,000 common shares of Point Loma. The Acquisition is anticipated to close in January 2017. "With this acquisition Point Loma has again demonstrated the ability to find quality assets in line with our previous deal metrics," said Terry Meek, President and CEO of Point Loma. "Transactions of this nature will continue to build shareholder value as Point Loma develops the Mannville trend in west central Alberta." In a separate transaction, Point Loma has cancelled the previous senior secured convertible debenture maturing on June 28, 2021 (the "Convertible Debenture") issued to Madalena Energy Ltd. (TSX VENTURE: MVN) ("Madalena") in the principal amount of Cdn. $3,000,000 and has issued two convertible debentures in the amount of Cdn. $1,250,000 (the "New Convertible Debentures"), the New Convertible Debentures having substantially the same terms as the previous Convertible Debenture. The cancellation of the Convertible Debenture and issuance of the New Convertible Debentures is a result of the sale by Madalena to two independent parties. As a result of this sale, the principal amount owing by the Corporation under the New Convertible Debentures has been reduced by Cdn. $500,000. Point Loma is a public oil and gas development and exploration company focused on horizontally exploiting conventional oil and gas reservoirs in west central Alberta. Point Loma's business plan is to utilize its experience to drill, develop and acquire accretive assets with potential for horizontal multi-stage frac technology and exploit opportunities for secondary recovery. For more information and our current presentation please visit Point Loma's website at www.pointloma.ca or Point Loma's profile on the System for Electronic Document Analysis and Retrieval website at www.sedar.com. This press release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws, including without limitation, statements pertaining to the closing of the Acquisition; Point Loma's expectations as to production and future potential production increases, as well as increases in cash flow and the timing thereof; future gas processing rates; Point Loma's expectations as to future prices of oil and natural gas; the focus of Point Loma's management team and go-forward strategy. The use of any of the words "will", "expects", "believe", "plans", "potential" and similar expressions are intended to identify forward-looking statements or information. Although Point Loma believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because Point Loma cannot give assurance that they will prove to be correct. Since forward-looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, the risks associated with the oil and gas industry in general such as operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of reserve and resource estimates; the inability of Point Loma to bring additional production on stream or in the anticipated quantities disclosed herein; the uncertainty of estimates and projections relating to reserves, resources, production, costs and expenses; health, safety and environmental risks; commodity price and exchange rate fluctuations; marketing and transportation; loss of markets; environmental risks; competition; incorrect assessment of the value of acquisitions; failure to realize the anticipated benefits of acquisitions; ability to access sufficient capital from internal and external sources; changes in legislation, including but not limited to tax laws, royalties and environmental regulations, actual production from the acquired assets may be greater or less than estimates. Management has included the above summary of assumptions and risks related to forward-looking information provided in this press release in order to provide security holders with a more complete perspective on Point Loma's future operations and such information may not be appropriate for other purposes. The forward-looking statements and information contained in this press release are made as of the date hereof and Point Loma does not undertake any obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. "BOEs" may be misleading, particularly if used in isolation. A BOE conversion ratio of six thousand cubic feet of natural gas to one barrel of oil equivalent (6 Mcf: 1 bbl) is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. As the value ratio between natural gas and crude oil based on the current prices of natural gas and crude oil is significantly different from the energy equivalency of 6:1, utilizing a conversion on a 6:1 basis may be misleading as an indication of value.


News Article | October 28, 2016
Site: www.marketwired.com

CALGARY, AB--(Marketwired - October 26, 2016) - Point Loma Resources Ltd. (TSX VENTURE: PLX) (the "Corporation" or "Point Loma") is pleased to announce that it has closed the previously announced private placement (the "Offering") with Mackie Research Capital Corporation (the "Agent"). Point Loma has closed the Offering in the amount of $1.7 million in common shares of the Corporation issued on a "flow-through" basis (the "FT Common Shares") under the Income Tax Act (Canada) (the "Tax Act") with respect to Canadian Exploration Expense "CEE" at a price of $0.35 per FT Common Share. The Agent has exercised their "Over-Allotment Option" to increase the size of the Offering to approximately $2.0 million in gross proceeds to Point Loma. All FT Common Shares issued will be subject to a four month hold period. Point Loma has increased its production since inception and is now averaging approximately 500 barrels of oil equivalent per day (40% oil & natural gas liquids and 60% natural gas), a 300 percent increase since completing the asset and corporate transactions on June 28, 2016. Point Loma intends to use the proceeds of the offering and cash on hand as follows: Point Loma is a public oil and gas development and exploration company focused on horizontally exploiting conventional oil and gas reservoirs in west central Alberta. Point Loma's business plan is to utilize its experience to drill, develop and acquire accretive assets with potential for horizontal multi-stage frac technology and exploit opportunities for secondary recovery. For more information and our current presentation please visit Point Loma's website at www.pointloma.ca or Point Loma's profile on the System for Electronic Document Analysis and Retrieval website at www.sedar.com. This press release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws, including without limitation, statements pertaining to Point Loma's expectations as to production and future potential production increases, as well as increases in cash flow and the timing thereof; the anticipated use of proceeds of the Offering; future gas processing rates; Point Loma's expectations as to future prices of oil and natural gas; the focus of Point Loma's management team and go-forward strategy. The use of any of the words "will", "expects", "believe", "plans", "potential" and similar expressions are intended to identify forward-looking statements or information. Although Point Loma believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because Point Loma cannot give assurance that they will prove to be correct. Since forward-looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, the risks associated with the oil and gas industry in general such as operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of reserve and resource estimates; the inability of Point Loma to bring additional production on stream or in the anticipated quantities disclosed herein; the uncertainty of estimates and projections relating to reserves, resources, production, costs and expenses; health, safety and environmental risks; commodity price and exchange rate fluctuations; marketing and transportation; loss of markets; environmental risks; competition; incorrect assessment of the value of acquisitions; failure to realize the anticipated benefits of acquisitions; ability to access sufficient capital from internal and external sources; changes in legislation, including but not limited to tax laws, royalties and environmental regulations, actual production from the acquired assets may be greater or less than estimates. Management has included the above summary of assumptions and risks related to forward-looking information provided in this press release in order to provide security holders with a more complete perspective on Point Loma's future operations and such information may not be appropriate for other purposes. The forward-looking statements and information contained in this press release are made as of the date hereof and Point Loma does not undertake any obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. "BOEs" may be misleading, particularly if used in isolation. A BOE conversion ratio of six thousand cubic feet of natural gas to one barrel of oil equivalent (6 Mcf: 1 bbl) is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. As the value ratio between natural gas and crude oil based on the current prices of natural gas and crude oil is significantly different from the energy equivalency of 6:1, utilizing a conversion on a 6:1 basis may be misleading as an indication of value.


Maskiewicz A.C.,Point Loma Nazarene University | Lineback J.E.,Point Loma Nazarene University
CBE Life Sciences Education | Year: 2013

At the close of the Society for the Advancement of Biology Education Research conference in July 2012, one of the organizers made the comment: "Misconceptions are so yesterday." Within the community of learning sciences, misconceptions are yesterday's news, because the term has been aligned with eradication and/or replacement of conceptions, and our knowledge about how people learn has progressed past this idea. This essay provides an overview of the discussion within the learning sciences community surrounding the term "misconceptions" and how the education community's thinking has evolved with respect to students' conceptions. Using examples of students' incorrect ideas about evolution and ecology, we show that students' naïve ideas can provide the resources from which to build scientific understanding. We conclude by advocating that biology education researchers use one or more appropriate alternatives in place of the term misconception whenever possible. © 2013 A. C. Maskiewicz and J. E. Lineback.


Carter L.,Point Loma Nazarene University
SIGCSE'11 - Proceedings of the 42nd ACM Technical Symposium on Computer Science Education | Year: 2011

Soft skills such as communication, teamwork, and organization are important to students' future success in the working world. Faculty members know it, students know it, and employers are explicitly asking for these skills. Are computer science departments responsible to teach these skills? If so, where in the curriculum should they be covered? This paper explores the soft skills that employers want, and possible places to include the teaching of those skills in the curriculum. It then shows how an extensive set of soft skills were incorporated into a service learning course for the students in the Mathematical, Information and Computer Sciences department at Point Loma Nazarene University. Finally, it makes suggestions as to how other service learning or capstone courses could be altered to afford more opportunity for soft skill education.


News Article | November 21, 2016
Site: www.marketwired.com

CALGARY, AB--(Marketwired - November 21, 2016) - Point Loma Resources Ltd. (TSX VENTURE: PLX) (the "Corporation" or "Point Loma") is pleased to announce that it has conducted an extended flow test of the 5-31-55-6W5 Nordegg oil well and has received an approved license to tie-in the well and commence production. With the addition of this new well Point Loma is poised to continue its expanding production base to a level above 700 boe/d. Point Loma is also underway with the survey and pipeline plans to tie-in the Thorsby Glauconite well 11-18-49-1W5 shortly after the completing the tie-in of the Nordegg well. The Thorsby well was previously flow tested and is anticipated to increase Point Loma's production levels to a year end exit rate of greater than 800 boe/d. Point Loma has engaged the services of Proactive Investors Ltd. ("Proactive") to provide investors with public market information about Point Loma in an investor relations capacity. The business of Proactive is to provide investors with information about public companies that it covers in North America, the United Kingdom and Australia. Proactive has no ownership interest in Point Loma or the right to acquire such an interest. Point Loma has entered into an agreement with Proactive to provide its services for a one year term. Point Loma is looking forward to the expanded market exposure it believes it will receive due to this relationship. Point Loma is a public oil and gas development and exploration company focused on horizontally exploiting conventional oil and gas reservoirs in west central Alberta. Point Loma's business plan is to utilize its experience to drill, develop and acquire accretive assets with potential for horizontal multi-stage frac technology and exploit opportunities for secondary recovery. For more information and our current presentation please visit Point Loma's website at www.pointloma.ca or Point Loma's profile on the System for Electronic Document Analysis and Retrieval website at www.sedar.com. This press release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws, including without limitation, statements pertaining to Point Loma's expectations as to production and future potential production increases, as well as increases in cash flow and the timing thereof; the anticipated use of proceeds of the Offering; future gas processing rates; Point Loma's expectations as to future prices of oil and natural gas; the focus of Point Loma's management team and go-forward strategy. The use of any of the words "will", "expects", "believe", "plans", "potential" and similar expressions are intended to identify forward-looking statements or information. Although Point Loma believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because Point Loma cannot give assurance that they will prove to be correct. Since forward-looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, the risks associated with the oil and gas industry in general such as operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of reserve and resource estimates; the inability of Point Loma to bring additional production on stream or in the anticipated quantities disclosed herein; the uncertainty of estimates and projections relating to reserves, resources, production, costs and expenses; health, safety and environmental risks; commodity price and exchange rate fluctuations; marketing and transportation; loss of markets; environmental risks; competition; incorrect assessment of the value of acquisitions; failure to realize the anticipated benefits of acquisitions; ability to access sufficient capital from internal and external sources; changes in legislation, including but not limited to tax laws, royalties and environmental regulations, actual production from the acquired assets may be greater or less than estimates. Management has included the above summary of assumptions and risks related to forward-looking information provided in this press release in order to provide security holders with a more complete perspective on Point Loma's future operations and such information may not be appropriate for other purposes. The forward-looking statements and information contained in this press release are made as of the date hereof and Point Loma does not undertake any obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. "BOEs" may be misleading, particularly if used in isolation. A BOE conversion ratio of six thousand cubic feet of natural gas to one barrel of oil equivalent (6 Mcf: 1 bbl) is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. As the value ratio between natural gas and crude oil based on the current prices of natural gas and crude oil is significantly different from the energy equivalency of 6:1, utilizing a conversion on a 6:1 basis may be misleading as an indication of value. References in this press release to production test rates, initial test production rates, and other short-term production rates are useful in confirming the presence of hydrocarbons, however such rates are not determinative of the rates at which such wells will commence production and decline thereafter and are not indicative of long term performance or of ultimate recovery. Additionally, such rates may also include recovered "load oil" fluids used in well completion stimulation. While encouraging, readers are cautioned not to place reliance on such rates in calculating the aggregate production for Point Loma. A pressure transient analysis or well-test interpretation has not been carried out in respect of all wells. Accordingly, the Corporation cautions that the test results should be considered to be preliminary.


News Article | March 1, 2017
Site: www.marketwired.com

CALGARY, AB--(Marketwired - March 01, 2017) - Point Loma Resources Ltd. (TSX VENTURE: PLX) (the "Corporation" or "Point Loma") is pleased to announce that it has closed the previously announced agreement (January 24, 2017) to acquire oil & gas assets, effective January 1, 2017, from a private oil and gas company (the "Acquisition") with the issuance of three million three hundred and fifty thousand shares of Point Loma. "This acquisition will continue Point Loma's growth in size and strength as a junior oil and gas company. We continue to seek quality assets that will extend our core focus area at favorable acquisition metrics." said Terry Meek, President and CEO of Point Loma. "The expansion of our focus area will continue to build shareholder value as Point Loma develops the Mannville trend in west central Alberta." Point Loma is a public oil and gas development and exploration company focused on horizontally exploiting conventional oil and gas reservoirs in west central Alberta. Point Loma's business plan is to utilize its experience to drill, develop and acquire accretive assets with potential for horizontal multi-stage frac technology and exploit opportunities for secondary recovery. For more information and our current presentation please visit Point Loma's website at www.pointloma.ca or Point Loma's profile on the System for Electronic Document Analysis and Retrieval website at www.sedar.com. This press release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws, including without limitation, statements pertaining to the closing of the Acquisition; Point Loma's expectations as to production and future potential production increases, as well as increases in cash flow and the timing thereof; future gas processing rates; Point Loma's expectations as to future prices of oil and natural gas; the focus of Point Loma's management team and go-forward strategy. The use of any of the words "will", "expects", "believe", "plans", "potential" and similar expressions are intended to identify forward-looking statements or information. Although Point Loma believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because Point Loma cannot give assurance that they will prove to be correct. Since forward-looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, the risks associated with the oil and gas industry in general such as operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of reserve and resource estimates; the inability of Point Loma to bring additional production on stream or in the anticipated quantities disclosed herein; the uncertainty of estimates and projections relating to reserves, resources, production, costs and expenses; health, safety and environmental risks; commodity price and exchange rate fluctuations; marketing and transportation; loss of markets; environmental risks; competition; incorrect assessment of the value of acquisitions; failure to realize the anticipated benefits of acquisitions; ability to access sufficient capital from internal and external sources; changes in legislation, including but not limited to tax laws, royalties and environmental regulations, actual production from the acquired assets may be greater or less than estimates. Management has included the above summary of assumptions and risks related to forward-looking information provided in this press release in order to provide security holders with a more complete perspective on Point Loma's future operations and such information may not be appropriate for other purposes. The forward-looking statements and information contained in this press release are made as of the date hereof and Point Loma does not undertake any obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. "BOEs" may be misleading, particularly if used in isolation. A BOE conversion ratio of six thousand cubic feet of natural gas to one barrel of oil equivalent (6 Mcf: 1 bbl) is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. As the value ratio between natural gas and crude oil based on the current prices of natural gas and crude oil is significantly different from the energy equivalency of 6:1, utilizing a conversion on a 6:1 basis may be misleading as an indication of value.


News Article | November 24, 2016
Site: www.marketwired.com

CALGARY, AB--(Marketwired - November 24, 2016) - Point Loma Resources Ltd. (TSX VENTURE: PLX) (the "Corporation" or "Point Loma") is pleased to report financial and operating results for the third quarter at September 30, 2016. Several significant accomplishments were achieved during the period: The third quarter of 2016 saw Point Loma initiate operatorship of the assets purchased in June 2016 from Madalena Energy Inc., which were largely suspended at the time. Capital expenditures of $2.4 million were incurred during the quarter, primarily on pipelines and facilities to re-activate production in the Paddle River area. Point Loma was successful in concluding the tie-in and increase in facility capacity that will allow for first call on up to 4.0 mmcf/d of gas processing capacity at preferred rates. Point Loma was also able to improve the productive rates of the existing wells with a series of well enhancements that allowed the Corporation to achieve an exit rate of 500 boe/d in September 2016. On October 26, 2016, Point Loma issued 5,561,499 flow-through common shares, at $0.35 per share, for gross proceeds of $2.0 million. Point Loma is currently executing the second phase of production activities with the tie-in of a previously standing Nordegg well in the West Cove area. The well will be connected to the same gathering system Point Loma expanded in the third quarter with the capital expenditures noted above. Once on production, the Corporation anticipates an increase in production beyond 700 boe/d. In addition, Point Loma will be working to tie-in another standing well in the Thorsby area. In 2017, Point Loma will seek to drill additional horizontal exploration and development wells on the Mannville trend of central Alberta. This drilling activity has the potential to lead to growth in production and reserves for the Corporation. A total of 565,000 stock options have been granted to directors, officers and employees of the Corporation. Of the total granted, 465,000 stock options were granted to directors and officers of Point Loma. Point Loma has filed its interim financial statements and related Management's Discussion and Analysis (MD&A) for the three and nine months ended September 30, 2016 with Canadian securities regulators. These filings, and additional information including the Corporation's recently updated corporate presentation can be found at Point Loma's website at www.pointloma.ca or Point Loma's profile on the System for Electronic Document Analysis and Retrieval website at www.sedar.com. Point Loma is a public oil and gas development and exploration company focused on horizontally exploiting conventional oil and gas reservoirs in west central Alberta. Point Loma's business plan is to utilize its experience to drill, develop and acquire accretive assets with potential for horizontal multi-stage frac technology and exploit opportunities for secondary recovery. For more information and our current presentation please visit Point Loma's website at www.pointloma.ca or Point Loma's profile on the System for Electronic Document Analysis and Retrieval website at www.sedar.com. This press release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws, including without limitation, statements pertaining to Point Loma's expectations as to production and future potential production increases, as well as increases in cash flow and the timing thereof; future gas processing rates; Point Loma's expectations as to future prices of oil and natural gas; the focus of Point Loma's management team and go-forward strategy. The use of any of the words "will", "expects", "believe", "plans", "potential" and similar expressions are intended to identify forward-looking statements or information. Although Point Loma believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because Point Loma cannot give assurance that they will prove to be correct. Since forward-looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, the risks associated with the oil and gas industry in general such as operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of reserve and resource estimates; the inability of Point Loma to bring additional production on stream or in the anticipated quantities disclosed herein; the uncertainty of estimates and projections relating to reserves, resources, production, costs and expenses; health, safety and environmental risks; commodity price and exchange rate fluctuations; marketing and transportation; loss of markets; environmental risks; competition; incorrect assessment of the value of acquisitions; failure to realize the anticipated benefits of acquisitions; ability to access sufficient capital from internal and external sources; changes in legislation, including but not limited to tax laws, royalties and environmental regulations, actual production from the acquired assets may be greater or less than estimates. Management has included the above summary of assumptions and risks related to forward-looking information provided in this press release in order to provide security holders with a more complete perspective on Point Loma's future operations and such information may not be appropriate for other purposes. The forward-looking statements and information contained in this press release are made as of the date hereof and Point Loma does not undertake any obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. "BOEs" may be misleading, particularly if used in isolation. A BOE conversion ratio of six thousand cubic feet of natural gas to one barrel of oil equivalent (6 Mcf: 1 bbl) is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. As the value ratio between natural gas and crude oil based on the current prices of natural gas and crude oil is significantly different from the energy equivalency of 6:1, utilizing a conversion on a 6:1 basis may be misleading as an indication of value.

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