CALGARY, ALBERTA (January 3, 2014) – Deloitte’s Resource Evaluation & Advisory group released its current Canadian domestic oil and gas price forecast today, along with a stern word of caution for investors. Deloitte’s analysis of the trends in futures pricing since 2010 gives a strong indication that oil is on its way down, and that natural gas prices will remain flat as far out as 2021 and 2022. In the commentary accompanying Deloitte’s December 31, 2013 forecast, Andrew Botterill, [Read more]
Archives for January 2014
After train fires, US feds warn Bakken oil may be more flammable than other forms of oil
BILLINGS, Mont. - Following a string of explosive accidents, federal officials said Thursday that crude oil being shipped by rail from the Northern Plains across the U.S. and Canada may be more flammable than traditional forms of oil.A safety alert issued by the U.S. Department of Transportation warns the public, emergency responders and shippers about the potential high volatility of crude from the Bakken oil shale patch. The massive oil reserve is fueling the surging industry in eastern [Read more]
Forent Provides Operational Update, Confirms Interim Closing of Flow-Through Share Financing and Announces Common Share Financing
CALGARY, ALBERTA--(Marketwired - Jan. 2, 2014) - NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Forent Energy Ltd. ("Forent" or the "Company") (TSX VENTURE:FEN) confirms the interim closing on December 31, 2013 of a non-brokered private placement of flow-through common shares (the "Flow-Through Shares"). A total of 6,050,000 Flow-Through Shares were issued at a price of $0.10 per common share, for gross proceeds of $605,000. [Read more]
Forent Provides Operational Update, Confirms Interim Closing of Flow-Through Share Financing and Announces Common Share Financing
CALGARY, ALBERTA--(Marketwired - Jan. 2, 2014) - Forent Energy Ltd. ("Forent" or the "Company") (TSX VENTURE:FEN) confirms the interim closing on December 31, 2013 of a non-brokered private placement of flow-through common shares (the "Flow-Through Shares"). A total of 6,050,000 Flow-Through Shares were issued at a price of $0.10 per common share, for gross proceeds of $605,000. Insiders, including W. Brett Wilson, the Company's Chairman, purchased 3,850,000 Flow-Through Shares in the Private [Read more]
Alberta facing aboriginal legal onslaught over oilsands in 2014
EDMONTON - Simmering disputes over the oilsands between Alberta aboriginals and the provincial and federal governments will break into the open in 2014 as virtually every one of the many recent changes in oversight of the controversial industry comes under legal and political attack. "All litigation, all the time, is what I see on the horizon," said Larry Innes, lawyer for the Athabasca Chipewyan First Nation. Over the last 18 months, Ottawa and Edmonton have rewritten the book on resource [Read more]
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