CALGARY, Aug. 6, 2014 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE MKT: BXE) announces its financial and operating results for the three and six months ended June 30, 2014. Forward-Looking Statements This press release, including the report to shareholders, contains forward-looking statements. Please refer to our cautionary language on forward-looking statements and the other matters set forth at the beginning of the management's discussion and analysis (the [Read more]
Archives for August 2014
BlackPearl Announces Second Quarter 2014 Financial and Operating Results
CALGARY, ALBERTA--(Marketwired - Aug. 5, 2014) - BlackPearl Resources Inc. ("BlackPearl" or the "Company") (TSX:PXX)(OMX:PXXS) is pleased to announce its financial and operating results for the three and six months ended June 30, 2014. Second quarter highlights include: Higher oil prices and narrower heavy oil differentials contributed to a 7% increase in revenues to $62.2 million compared to Q2 2013; for the first half of 2014 revenues increased 23% to $121.7 million; Funds flow from [Read more]
United Refining Company And Enbridge Enter Into Pipeline Maintenance Agreement
NEW YORK, Aug. 5, 2014 /CNW/ -- United Refining Company ("URC") announced today that it has entered into an agreement (the "Agreement") concerning Line 10, a pipeline owned by Enbridge Pipelines Inc. and Enbridge Energy Limited Partnership, which transports crude oil from Canada to URC's Kiantone Pipeline in West Seneca, New York and serves its refinery in Warren, Pennsylvania. John A. Catsimatidis, Chairman and CEO of URC, stated: "We are very pleased that our companies have agreed to a [Read more]
Protest halts work on Enbridge pipeline in southwestern Ontario
INNERKIP, Ont. - Protesters have created a blockade at an Enbridge pipeline work site in southwestern Ontario.The demonstration at Innerkip north of Woodstock that started early today is aimed at preventing installation of a valve.A protest spokeswoman says the valve is being installed near the Thames River, which isn't adequately protected from the risk of a spill.Enbridge confirmed the work interruption and says workers were moved to another project for the day.The company's Line 9 carries oil [Read more]
Nova Scotia’s fracking pioneer doubtful that province will lift ban
HALIFAX - The man who pioneered hydraulic fracturing in Nova Scotia says he doesn't expect the province to lift a two-year moratorium on the contentious practice, mainly because the government is afraid of upsetting a vocal but misinformed minority.Peter Hill, chairman of Denver-based Triangle Petroleum, says the industry could spur Nova Scotia's stalled economy and reduce its reliance on polluting, coal-fired plants, but he believes fear-mongering by outspoken critics has spooked the province's [Read more]
Magnum Energy Announces Private Placement Offering
CALGARY, ALBERTA--(Marketwired - Aug. 1, 2014) - MAGNUM ENERGY INC. (the "Corporation" or "Magnum") (TSX VENTURE:MEN) is pleased to announce that it has arranged a non-brokered private placement of up to 4,000,000 units ("Units") at a price of $0.05 per Unit for aggregate gross proceeds of up to $200,000 (the "Offering"). Each Unit will consist of one common share ("Share") and one share purchase warrant of the Company ("Warrant"). Each whole Warrant will entitle the holder to acquire one Share [Read more]
Hawk Announces Western Saskatchewan Asset Acquisition and New Bank Loan Facility
CALGARY, Aug. 1, 2014 /CNW/ - Hawk Exploration Ltd. ("Hawk" or the "Corporation") announces that it has entered into a purchase and sale agreement with TriHawk Energy Ltd. ("TriHawk") and certain other parties pursuant to which the Corporation has agreed to acquire certain petroleum and natural gas assets ("Assets") in the plains region of Alberta and Saskatchewan in consideration of a grant to TriHawk of a gross over-riding royalty (the "GORR") over the acquired assets (the "Acquisition"). Hawk [Read more]
Chevron seeking new partner for Kitimat LNG following Apache’s exit
CALGARY - Chevron Corp. said Friday it needs a new partner for a West Coast natural gas export project, but it will press ahead with early-stage development work on it in the meantime.A day earlier, Apache Corp. announced it would "completely exit" the 50-50 partnership, which includes natural gas resources in northeastern B.C., a pipeline to the West Coast and a facility near Kitimat, B.C., to chill the gas into a liquid state so it can be shipped overseas."We need to get our partnership [Read more]
Canada Energy Partners Closes Montney Sale
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 1, 2014) - Canada Energy Partners Inc. (the "Company") (TSX VENTURE:CE) is pleased to announce that it has closed the sale of the Company's Montney rights for $15,720,000. CIBC World Markets Inc. acted as financial advisor to the Company with respect to the transaction. The Company will issue a press release in the near future regarding the distribution to shareholders with details of the timing, the effective date, and final distribution [Read more]
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