Crude oil closed above US$100 a barrel Friday, the first time it has crossed that threshold since October.Benchmark West Texas Intermediate crude for February delivery rose 77 cents to close at $100.32 in trading on the New York Mercantile Exchange.The price got a boost from a drop in applications for unemployment benefits and expectations of a decline in U.S. crude stockpiles.Both inspired optimism about the U.S. economic recovery and, in turn, lifted expectations for energy demand.The last [Read more]
Archives for December 2013
Contact Exploration Announces Private Placement of Flow-Through Common Shares
CALGARY, ALBERTA--(Marketwired - Dec. 26, 2013) - Contact Exploration Inc. ("Contact" or the "Company") (TSX VENTURE:CEX) announces that it is carrying out a 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 expects to issue up to 5,555,556 Flow-Through Shares in the Private Placement, at a price of $0.36 per share, for maximum [Read more]
Kitimat chief wants jobs for people in town expecting bust-to-boom times
VICTORIA - A decade ago, Kitamaat Village in northwest British Columbia was broke as residents of the First Nations community faced non-existent job and economic development prospects. But that was then. Now, Haisla Nation Chief Ellis Ross is waiting for the bust-to-boom times as restructuring of the Rio Tinto aluminum smelter continues and oil company giants such as Shell and Chevron consider liquefied natural gas developments near the village site, bringing plenty of labour and service [Read more]
Alexander Energy Ltd. Announces Closing of Final Tranche of the Recapitalization Private Placement
CALGARY, ALBERTA--(Marketwired - Dec. 24, 2013) - Alexander Energy Ltd. (TSX VENTURE:ALX) ("Alexander" or the "Corporation") is pleased to announce that it has closed the second and final tranche of its previously announced non-brokered private placement (the "Private Placement") in connection with the recapitalization of the Corporation. Under this final tranche of the Private Placement, Alexander issued an aggregate of 15,151,668 units ("Units") at a price of $0.15 [Read more]
Palliser Oil & Gas Corporation Announces Change to Board of Directors
CALGARY, Dec. 23, 2013 /CNW/ - Palliser Oil & Gas Corporation ("Palliser" or the "Company") (TSX VENTURE: PXL) announces a change to the Board of Directors. Ken Crowther advises that for personal reasons, he will be resigning his position as a Director of the Company as ofJanuary 1, 2014. On behalf of the Board of Directors, Senior Management, the staff and shareholders of Palliser, we wish to thank him for his time and service to the Company and we wish him much success in the [Read more]
Palliser Oil & Gas Corporation Announces Change to Board of Directors
/NOT FOR DISTRIBUTION IN THE UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/ CALGARY, Dec. 23, 2013 /CNW/ - Palliser Oil & Gas Corporation ("Palliser" or the "Company") (TSX VENTURE: PXL) announces a change to the Board of Directors. Ken Crowther advises that for personal reasons, he will be resigning his position as a Director of the Company as of January 1, 2014. On behalf of the Board of Directors, Senior Management, the staff and shareholders of Palliser, we [Read more]
Canadian Spirit Resources Inc. Announces Closing of Private Placements and Convertible Debenture Issuance
CALGARY, ALBERTA--(Marketwired - Dec. 23, 2013) - Canadian Spirit Resources Inc. (TSX VENTURE:SPI)(OTCBB:CSPUF) ("CSRI" or the "Corporation") announces that, effective December 20, 2013, it has closed the Units and Flow-Through Shares non-brokered private placements previously announced December 2, 2013. The Corporation is also pleased to announce that on December 20, 2013 it has issued a $3.0 million secured subordinated convertible debenture (the "Debenture") to a private company. In the first [Read more]
Athabasca Oil Corporation Closes Sale of its 50% Interest in the Light Oil Infrastructure
CALGARY, Dec. 23, 2013 /CNW/ - Athabasca Oil Corporation (TSX: ATH) ("Athabasca" or "the Company") has closed its previously announced sale of a 50% interest in the Kaybob area light oil infrastructure to a third-party for cash consideration of $145 million. Athabasca retains a 50% interest in these infrastructure assets and remains operator. About Athabasca Oil Corporation Athabasca Oil Corporation is a dynamic, Canadian energy company with a diverse portfolio of thermal and light oil assets. [Read more]
Mountainview Energy Ltd. announces appointment of new CFO
CUT BANK, MT, Dec. 23, 2013 /CNW/ - Mountainview Energy Ltd. (TSXV: MVW.V) ("Mountainview" or the "Company") is pleased to announce that Mr. Brent Osmond has been appointed Vice President, Finance and Chief Financial Officer of the Company. Mr. Osmond is a Certified Management Accountant with experience in building startup and growth oriented energy companies. Mr. Osmond has previous oil and gas CFO experience through his positions with TerraMer Inc., a private oil and gas service company and [Read more]
Novus Energy Inc. announces expected closing date for arrangement with Yanchang Petroleum International Limited
CALGARY, Dec. 23, 2013 /CNW/ - Novus Energy Inc. ("Novus" or the "Company") (TSXV: NVS) announced today that the arrangement (the "Arrangement") contemplated under the arrangement agreement among Novus, Yanchang Petroleum International Limited ("Yanchang") and its wholly-owned subsidiary dated September 3, 2013, as amended (the "Arrangement Agreement"), was approved by the requisite majority of votes cast by shareholders of Yanchang at the meeting held on December 23, 2013. Yanchang has [Read more]
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