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Nuvista Energy Ltd T.NVA

Alternate Symbol(s):  NUVSF

NuVista Energy Ltd. is an oil and natural gas company. The Company is engaged in the development, delineation and production of condensate, natural gas liquids (NGLs), and natural gas reserves in the Western Canadian Sedimentary Basin. Its focus is on the scalable and repeatable condensate rich Montney formation in the Pipestone and Wapiti areas of the Alberta Deep Basin (Montney). Its core operating areas of Wapiti and Pipestone in the Montney formation are located near the City of Grande Prairie, Alberta, approximately 600 kilometers northwest of Calgary. The Montney Formation is a shale gas and shale oil resource. The Montney formation in the Wapiti area is a thick (200 m+) section of hydrocarbon-charted fine-grained reservoir found at depths ranging from 2,500-3,500 m. It has non-core operations in three additional areas of Alberta (non-core properties outside the greater Wapiti Montney area).


TSX:NVA - Post by User

Post by Carjackon Feb 10, 2022 3:39pm
84 Views
Post# 34417921

Ukraine tensions: Russia accused of sea blockade

Ukraine tensions: Russia accused of sea blockade

Ukraine has accused Russia of blocking its access to the sea as Russia prepares for naval exercises next week amid spiralling tension in the region.

Ukrainian Foreign Minister Dmytro Kuleba said the Sea of Azov was completely blocked and the Black Sea almost fully cut off by Russian forces.

Russia has repeatedly denied any plans to invade Ukraine despite massing more than 100,000 troops at the border.

But it has just begun days of military drills with neighbouring Belarus.

Belarus is a close ally of Russia and has a long border with Ukraine.

France called the drills - believed to be Russia's biggest deployment to Belarus since the Cold War - a "violent gesture". Ukraine says they amount to "psychological pressure".

Meanwhile, UK Prime Minister Boris Johnson said on Thursday that Europe faces its biggest security crisis in decades amid the tensions.

Russia's naval exercises will take place next week in the two seas to the south of Ukraine, the Black Sea and the Sea of Azov. Russia has issued coastal warnings citing missile and gunnery firing exercises.

Ukraine's foreign ministry said the "unprecedentedly vast area where the manoeuvres will be conducted makes navigation in both seas practically impossible", and Defence Minister Oleksiy Reznikov tweeted that the international waters of the two seas had been blocked by Russia.

Tensions have been high between Russia and Ukraine in the Black Sea and Sea of Azov regions since Russia annexed Crimea in 2014. In 2018, Russia seized three Ukrainian naval vessels.

The naval exercises off Ukraine's southern flank are in addition to the 10 days of military exercises currently underway in Belarus, to the north of Ukraine.

Russia has also amassed tanks, artillery and tens of thousands of troops close to its own border with Ukraine, but denies planning to invade. The US and other Western countries have warned that an attack could come at any time.

Is Russia preparing to invade Ukraine?

EU leaders attempt to dodge Putin's divide and rule

Ukraine: How big is Russia's military build-up?

'Psychological pressure'

The military exercises in Belarus - known as Allied Resolve 2022 - are taking place close to the Belarusian border with Ukraine, which is a little over 1,000km (620 miles) long. Some 30,000 Russian troops are thought to be involved.

There are fears that if Russia tries to invade Ukraine, the exercises put the Russian military close to the Ukrainian capital, Kyiv, making an attack on the city easier.

Belarus leader Alexander Lukashenko is a firm ally of Russian President Vladimir Putin and the two countries have created a so-called "Union State" which includes economic and military integration.

Russia says its troops will return to their permanent bases after the drills end, but Ukraine and its Western allies have expressed concern.

"The accumulation of forces at the border is psychological pressure from our neighbours," Ukrainian President Volodymyr Zelensky said on Thursday.

French Foreign Minister Jean-Yves Le Drian told France Inter radio that it was a "very violent gesture", and the US has called the exercises an "escalatory" move.

'Dangerous moment'

The military exercises come as world leaders continue their frenzied diplomacy in an attempt to defuse the current crisis over Ukraine.

In a joint news conference with Nato Secretary General Jens Stoltenberg, UK Prime Minister Boris Johnson said he didn't think a decision about a Russian invasion of Ukraine had been made yet, but warned that "this is probably the most dangerous moment... in what is the biggest security crisis that Europe has faced for decades".

Meanwhile the UK's Foreign Secretary Liz Truss met her Russian counterpart Sergei Lavrov in Moscow on Thursday. She said Russia should move its troops away from the Ukrainian border if it was serious about using diplomacy to defuse the crisis.

Mr Lavrov said he was disappointed with the talks, accusing Ms Truss of not listening to Russia's concerns.

Moscow says it cannot accept that Ukraine - a former Soviet republic with deep social and cultural ties with Russia - could one day join the Western defence alliance Nato and has demanded that this be ruled out. It has been backing an armed rebellion in eastern Ukraine since 2014.

There is some suggestion that a renewed focus on the so-called Minsk agreements - which sought to end the conflict in eastern Ukraine - could be used as a basis to defuse the current crisis.

Ukraine, Russia, France and Germany backed the accords in 2014-2015.

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