CALGARY, ALBERTA--(Marketwired - June 26, 2014) - Donnycreek Energy Inc. ("Donnycreek" or the "Company") (TSX VENTURE:DCK) reports that it has filed its condensed interim financial statements and related Management's Discussion and Analysis ("MD&A") for the three and nine months ended April 30, 2014 with 2013 comparatives on SEDAR. Selected financial and operational information is outlined below and should be read in conjunction with Donnycreek's condensed interim financial statements for [Read more]
Archives for June 2014
Kallisto Announces Flow-Through Share Private Placement and Shareholder Approval of Resolution Permitting Change of Control
CALGARY, ALBERTA--(Marketwired - June 26, 2014) - Kallisto Energy Corp. (TSX VENTURE:KEC) ("Kallisto" or the "Company") announces that it intends apply to the TSX Venture Exchange for approval to complete a non-brokered private placement of up to 14,285,714 Flow Through Common Shares (the "Flow Through Shares") at a price of $0.07 per Flow Through Share for gross proceeds of up to $1,000,000 with a minimum offering of $500,000. It is expected that insiders of the Company will subscribe for up to [Read more]
Crude oil falls as worries over effect of Iraqi insurgency on supplies eases
The price of oil fell Thursday as fears diminished somewhat over supply disruptions from Iraq.Benchmark West Texas Intermedate crude for August delivery slipped 66 cents to US$105.85 a barrel on the New York Mercantile Exchange. Brent crude, used to price international oils, eased 79 cents to US$113.21 a barrel in London.While concerns linger about violence in Iraq affecting global crude supplies, oil production and exports from the giant fields clustered in the country's south remain [Read more]
Paramount Provides Operational Update and Announces Equity Offerings Totaling $350 Million
CALGARY, ALBERTA--(Marketwired - June 26, 2014) - Paramount Resources Ltd. ("Paramount" or the "Company") (TSX:POU) is pleased to announce: Commissioning of the Company's wholly-owned 200 MMcf/d Musreau Deep Cut Facility is complete. The facility has been handed over to Paramount's operations team and final start-up activities are underway to begin delivering sales volumes. The Company is expanding the development of its liquids-rich Montney lands in the Kaybob area. To provide [Read more]
Seven Generations Energy Ltd. Reports Doubled Shipping and Processing Contract Volumes
CALGARY, June 26, 2014 /CNW/ - Seven Generations Energy Ltd. ("7G" or the "Company") is pleased to report that it has reached agreement with Aux Sable Canada LP (Aux Sable) and, separately, with Alliance Pipeline Ltd (Alliance) to double the previously contracted peak rich gas delivery volumes. Currently, the Company is contracted to deliver 250 MMcf/d of rich gas to Aux Sable's Channahon, Illinois extraction and fractionation facilities through the Alliance pipeline. The new long-term [Read more]
Trudeau slams Tory handling of temporary foreign worker file, calls it most ‘anti-Alberta’ program in years
OTTAWA - Justin Trudeau is describing the government's embattled temporary foreign worker program as among the most anti-Alberta federal policies in years. The Liberal leader made the remarks this week in Fort McMurray while campaigning in advance of Monday's byelection in the heart of oilsands country with candidate Kyle Harrietha. The comment invites comparisons to Pierre Trudeau's national energy program, a policy still reviled by Albertans 34 years after it sought to distribute the [Read more]
NEB authorizes 2D seismic survey in Baffin Bay and Davis Strait
CALGARY, June 26, 2014 /CNW/ - The National Energy Board (NEB or Board) has approved a Geophysical Operations Authorization (GOA) application from TGS-NOPEC Geophysical Company ASA (TGS), Petroleum GeoServices (PGS) and Multi Klient Invest AS (MKI) to conduct a 2D offshore seismic survey program (the Project) in Baffin Bay and Davis Strait over five years during the open water season. MKI will be the Project operator. The Board recognizes the importance of fostering better understanding and [Read more]
Report: Economic impact of Trans Mountain Pipeline Expansion Project flows across Canada
Employment benefits concentrated in British Columbia OTTAWA, June 26, 2014 /CNW/ - The Trans Mountain Pipeline Expansion Project would generate revenues for federal and provincial governments of more than $18.5 billion ($ 2012) between 2012 and 2037, and support over 108,300 person years of employment across the country. The project, which would triple the capacity of the existing pipeline that runs from Edmonton to Burnaby, B.C., would also contribute to a Canadian strategic objective — [Read more]
Chinook Energy Announces Appointment of Vice President, Finance and Chief Financial Officer
CALGARY, ALBERTA--(Marketwired - June 26, 2014) - Chinook Energy Inc. (TSX:CKE) ("Chinook") is pleased to announce the appointment of Jason Dranchuk as Vice President, Finance and Chief Financial Officer of Chinook effective July 14, 2014. Since 2010, Mr. Dranchuk was the Vice President, Finance and Chief Financial Officer of Zargon Oil & Gas Ltd. (a publicly traded oil and gas exploitation company). From 2002 to 2010, Mr. Dranchuk held the Vice President, Finance and Controller positions [Read more]
Canada Energy Partners Option to Purchase Montney Rights Exercised and Reduction of Capital
VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 26, 2014) - Canada Energy Partners Inc. (TSX VENTURE:CE) (the "Company") is pleased to announce that an undisclosed party (the "Purchaser") has exercised its option to purchase the Company's Montney shale lands and wells in accordance with the Option to Purchase Agreement previously announced by the Company on April 1, 2014 (the "Sale Transaction"), subject to the amendments described below. Concurrently with the exercise of the option, the [Read more]
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