HALIFAX - Pieridae Energy Canada says it has signed a 20-year agreement with a German utility company that would buy liquefied natural gas from a proposed project in Nova Scotia. The deal would see E.ON Global Commodities SE purchase about five million tonnes of liquefied natural gas annually from a development that Pieridae has proposed for Goldboro, N.S. Pieridae Energy says the cost of the liquefied natural gas would be based on market prices in the Western European [Read more]
Archives for June 2013
BlackPearl to Accelerate Development of Its 12,000 Barrel Per Day Thermal Project at Onion Lake and Proposes to Issue US$350 Million Term Loan Facility
CALGARY, ALBERTA--(Marketwired - June 3, 2013) - BlackPearl Resources Inc. ("BlackPearl" or the "Company") (TSX:PXX)(OMX:PXXS) is pleased to announce that the Company plans to accelerate the development of its thermal enhanced oil recovery (EOR) project at its Onion Lake heavy oil property in Saskatchewan. BlackPearl has elected to proceed with a 12,000 barrel per day EOR project at Onion Lake, Saskatchewan prior to proceeding with the first phase of its steam-assisted gravity drainage (SAGD) [Read more]
Contact Exploration Announces Long-term Customer Signed by Pieridae Energy for Goldboro LNG Project
CALGARY, ALBERTA--(Marketwired - June 3, 2013) - Contact Exploration Inc. ("Contact" or the "Company") (TSX VENTURE:CEX) is pleased to announce that Pieridae Energy (Canada) Ltd. ("Pieridae") has entered into a long-term sales agreement with E.ON Global Commodities SE ("E.ON"), a subsidiary of E.ON SE, and one of the world's largest investor-owned power and gas companies, for the purchase of liquefied natural gas ("LNG") from the Goldboro LNG project being developed by Pieridae in Nova Scotia, [Read more]
Bellatrix Exploration Ltd. announces that the previously announced Korean JV closing will not be extended beyond May 31, 2013
CALGARY, June 3, 2013 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE MKT: BXE) announces that the Seoul Korea based company was not able to meet the remaining closing conditions required to close the previously announced Ferrier area Korean $300 million Cardium Joint Venture on May 31, 2013. Bellatrix has not extended the deadline for satisfying such conditions beyond May 31, 2013 and as a result Bellatrix will consider alternative joint venture partners for the [Read more]
Blackdog Resources Ltd. Updates Sylvan Lake Operations, Acknowledges Farm out Interest in Woking/Evi Properties
CALGARY, ALBERTA--(Marketwired - June 3, 2013) - Blackdog Resources Ltd. ("Blackdog" or "the Company") (TSX VENTURE:DOG) is pleased to provide an update on our Sylvan Lake and Woking Properties. In late March, 2013, the Company equipped its 100% owned light oil and liquid rich natural gas well at Sylvan Lake with a rod string and bottom hole pump. The Company also secured a large scale rental pump jack to test the well. However, at the last minute, the Operator of the pipeline was not [Read more]
Crocotta Energy Announces Increase to Previously Announced Flow-Through Share Private Placement to $22 Million
CALGARY, ALBERTA--(Marketwired - June 3, 2013) - NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA CROCOTTA ENERGY INC. (TSX:CTA) ("Crocotta" or the "Company") is pleased to announce that it has increased the maximum size of its previously announced non-brokered private placement of common shares in the capital of the Company ("Common Shares") to be issued on a "flow-through" basis in respect of Canadian exploration expenses ("CEE") to [Read more]
Inter Pipeline Announces Corporate Restructuring and Distribution Increase
CALGARY, ALBERTA--(Marketwired - June 2, 2013) - Inter Pipeline Fund ("Inter Pipeline") (TSX:IPL.UN) announced today that it has completed several internal transactions related to the restructuring of its current limited partnership structure to position the business for a planned conversion to a corporate form. Inter Pipeline has indirectly purchased Pipeline Management Inc, its General Partner, for initial consideration valued at $170 million, plus adjustments, and a future second instalment [Read more]
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