It is possible to be concerned about the natural environment and simultaneously be in favour of economic progress through energy development By Marco Navarro-Genie: HALIFAX, NS, Dec., 2013/ Troy Media/ – A recently published opinion survey by Insight West on the views of British Columbians regarding the proposed Northern Gateway Pipeline may give Canadians, and Atlantic Canadians specifically, reason to reflect on the prospects of greater energy development throughout Atlantic Canada. The [Read more]
Archives for December 2013
Contact Exploration Announces Closing of Private Placement
CALGARY, ALBERTA--(Marketwired - Dec. 31, 2013) - NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES Contact Exploration Inc. ("Contact" or the "Company") (TSX VENTURE:CEX) is pleased to announce that it has closed its previously announced non-brokered private placement (the "Private Placement") of common shares in the capital of the Company, to be issued on a "flow-through" basis pursuant to the Income Tax Act (Canada) ("Flow-Through Shares"). Contact issued an aggregate of [Read more]
Lone Pine Resources Announces Filing of Restructuring Plan Supplement
CALGARY, ALBERTA--(Marketwired - Dec. 31, 2013) - Lone Pine Resources Inc. ("Lone Pine" or the "Company") today announced that the Company and its subsidiaries have filed with the Court of Queen's Bench of Alberta (the "Court") a supplement (the "Plan Supplement") to its previously-filed plan of compromise and arrangement under the Companies' Creditors Arrangement Act ("CCAA"), together with an amended and restated plan of compromise and arrangement (as amended, the "Plan") giving effect to [Read more]
Marquee Energy Ltd. announces completion of acquisition of strategic assets in Michichi core area and welcomes three new members to its Board of Directors
CALGARY, Dec. 31, 2013 /CNW/ - Marquee Energy Ltd. ("Marquee" or the "Company") (TSXV: MQL) is pleased to announce the closing of the previously announced acquisition by the Company of substantially all of the Western Canadian assets of Sonde Resources Corp. ("Sonde"), including all of its Southern Alberta properties (the "Assets"). The Assets are primarily located in Marquee's core area at Michichi, Alberta immediately offsetting Marquee's lands and production. The acquisition was completed [Read more]
Sonde Resources Corp. Announces Completion of Marquee Arrangement
CALGARY, ALBERTA--(Marketwired - Dec. 31, 2013) - Sonde Resources Corp. ("Sonde") (TSX:SOQ)(NYSE MKT:SOQ) announced today that it has received the requisite shareholder and court approval for its previously announced plan of arrangement (the "Arrangement") with Marquee Energy Ltd. and that the Arrangement has now been completed. Pursuant to the Arrangement, Marquee acquired substantially all of the Western Canada assets of Sonde, including all of its Southern Alberta properties (the "Assets"). [Read more]
Waldron Energy Corporation Announces Closing of $4.3 Million Private Placement Financing, Conditional Approval of Previously Announced $2.0 Million Private Placement and Operations Update
CALGARY, ALBERTA--(Marketwired - Dec. 30, 2013) - Waldron Energy Corporation ("Waldron" or the "Corporation") (TSX:WDN) is pleased to announce that it has closed the previously announced non-brokered private placement for 9,454,781 common shares on a flow-through basis ("Flow-Through Shares") at $0.45 per share for gross proceeds of approximately $4.3 million. Waldron is also pleased to announce that it has received conditional listing approval from the Toronto Stock Exchange ("TSX") for [Read more]
Octagon 88 Resources Provides Shareholders with Corporate Update
ZUG, Switzerland--(BUSINESS WIRE)--Octagon 88 Resources Inc., (OTCBB:OCTX) is pleased to provide its shareholders with a corporate update as a direct result of the Manning Projects validation and the recent successful financing in CEC North Star Ltd. Octagon 88 has positioned itself to target an upgrade to a senior listing as management believes this will enable the Company to pursue its corporate strategy of mergers and acquisitions of assets in addition to its ownership of CEC North [Read more]
Artisan Energy Announces Viking Light Oil Acquisition and Farm-Out of Various Exploration Operations
CALGARY, ALBERTA--(Marketwired - Dec. 30, 2013) - Artisan Energy Corporation ("Artisan" or the "Corporation") (TSX VENTURE:AEC) announces the following corporate activities: Viking Light Oil Acquisition Artisan has signed a purchase and sale agreement (subject to certain closing conditions) with Magnum Energy Inc. ("Magnum") (TSX VENTURE:MEN), to acquire Magnum's 50% working interest in 2,720 gross acres (1,360 net acres) of land in the Provost area of Alberta (the "Provost [Read more]
Magnum Energy Inc. Announces Disposition of Provost, Alberta Property
CALGARY, ALBERTA--(Marketwired - Dec. 30, 2013) - MAGNUM ENERGY INC. ("Magnum" or the "Corporation") (TSX VENTURE:MEN) Magnum announces that the Corporation has signed a purchase and sale agreement (subject to certain closing conditions) with Artisan Energy Corporation ("Artisan"), to sell Magnum's 50% working interest in the Provost area of Alberta (the "Provost Asset"). The purchase price for the Provost Asset is $5,600,000, which will be comprised of the following: [Read more]
Small B.C. chamber slams proposed pipeline
VANCOUVER - A group representing hundreds of businesses in the Vancouver Island tourism mecca of Tofino, B.C., is criticizing the BC Chamber of Commerce for its stand on the Northern Gateway pipeline project.Earlier this month, the BC Chamber of Commerce released the results of a poll that found 47 per cent of British Columbians support the pipeline that would carry bitumen from Alberta's oilsands to the West Coast.It also released a letter that declared its "strong support" for the oil pipeline [Read more]
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