CALGARY, Aug. 21, 2014 /CNW/ - SilverWillow Energy Corporation (TSXV:SWE) has filed its second quarter financial statements and management's discussion and analysis for the quarter ended June 30, 2014. The second quarter financial statements and management's discussion and analysis are available for viewing on our website at www.swenergy.ca and on SEDAR at www.sedar.com. In light of the progress made to date by the corporation in scaling back its operations to reduce expenses, as well as [Read more]
Archives for August 2014
Vancouver to take Trans Mountain pipeline challenge to Federal Court
VANCOUVER - The city of Vancouver is going to court to try and have global climate change considered in Kinder Morgan's Trans Mountain pipeline proposal.The city will ask the Federal Court of Appeal on Friday for a judicial review of the National Energy Board process for the project.Vancouver officials already asked the board to take climate change into account but the regulator decided in July it would not.Now the city wants the court to decide, said Sadhu Johnston, deputy city manager."What [Read more]
LGX Oil + Gas Inc. enters into $30 million bank facility, increases exit production and capital budget guidance, and spuds first horizontal well in 2014 Alberta Bakken development drilling program
CALGARY, Aug. 21, 2014 /CNW/ - LGX Oil + Gas Inc. ("LGX" or the "Company") (TSXV:OIL) is pleased to announce that it has spud the first horizontal well in its 2014 Alberta Bakken development drilling program, revised its 2014 exit production guidance to 1,500 Boe per day from the previously announced exit production guidance of 1,400 Boe per day and replaced its previous banking facility with a new $30 million banking facility. LGX spud the first well (15-25-8-24W4) of a budgeted two well [Read more]
Sahara Energy Ltd. Announces Closing of Private Placement
CALGARY, ALBERTA--(Marketwired - Aug. 21, 2014) - Sahara Energy Ltd. (TSX VENTURE:SAH) (Sahara) announces that it has closed the previously announced private placements with JF Investment (Hong Kong) Co., Limited (JF Investment) for the purchase by JF Investment of common shares in the capital of Sahara (Sahara Shares), for aggregate proceeds of $16.2 million. Five million Sahara Shares were acquired at $0.12 per share and 195 million Sahara Shares were acquired at $0.08 per share. Upon closing [Read more]
National Energy Board to hear oral Aboriginal traditional evidence for Trans Mountain Expansion Project
CALGARY, Aug. 21, 2014 /CNW/ - The National Energy Board (NEB or the Board) will begin hearing oral traditional evidence from registered Aboriginal intervenors for the Trans Mountain Pipeline Expansion Project on Monday 25 August in Edmonton. The hearings will begin at 9 am at the Edmonton Hotel & Convention Centre and the public is welcome to attend. The Board recognizes that Aboriginal peoples have an oral tradition for sharing stories, lessons, and knowledge from generation to [Read more]
Kallisto Announces Closing of Flow-Through Share Private Placement and Q2 2014 Filings
CALGARY, ALBERTA--(Marketwired - Aug. 21, 2014) - Kallisto Energy Corp. (TSX VENTURE:KEC) ("Kallisto" or the "Company") announces that it has completed a non-brokered private placement by issuing 7,185,714 common shares on a "flow-through basis" (the "Flow Through Shares") at a price of $0.07 per Flow Through Share for gross proceeds of $503,000. The gross proceeds from the sale of the Flow Through Shares will be used to fund Canadian development expenses at Minnehik - Buck Lake, which will be [Read more]
Stockwell Day joins Pacific Future Energy
Former International Trade Minister joins project to refine Alberta bitumen for Asian markets VANCOUVER, Aug. 21, 2014 /CNW/ - Pacific Future Energy Corporation (Pacific Future Energy) is pleased to announce that former International Trade Minister, former Treasurer (Minister of Finance) and Acting Premier of Alberta, and former Leader of the Her Majesty's Official Opposition, the Honourable Stockwell Day, P.C., has joined its management team as a Senior Advisor, Director, and chair of the [Read more]
PanTerra Resource Corp. Announces Second Quarter Financial and Operating Results
TSX Venture Exchange: PRC CALGARY, Aug. 21, 2014 /CNW/ - PanTerra Resource Corp. ("PanTerra" or the "Corporation") has filed today on SEDAR its unaudited condensed interim financial statements and related management's discussion and analysis ("MD&A") for the three months ended June 30, 2014. The financial statements and MD&A will be available for review at www.sedar.com. Highlights Completed the recapitalization of the Corporation on May 22, 2014 including a $20 million ($19.8 [Read more]
Southern Pacific Concludes Strategic Review Process
CALGARY, ALBERTA--(Marketwired - Aug. 21, 2014) - Southern Pacific Resource Corp. ("Southern Pacific" or the "Company") (TSX:STP) has concluded its strategic review process. On December 11, 2013 Southern Pacific announced the initiation of a strategic review process ("SRP") aimed at identifying and considering all strategic and financial alternatives available to the Company. The SRP was initiated after realization that the original 12 well pairs drilled at the STP-McKay Thermal Project were [Read more]
Penn West Receives Waiver of Defaults from Noteholders
CALGARY, Aug. 21, 2014 /CNW/ - PENN WEST PETROLEUM LTD. (TSX – PWT; NYSE – PWE) ("PENN WEST", the "COMPANY", "we", "us" or "our") announces that, further to its August 12, 2014 announcement, it has now obtained waivers from the holders of its senior unsecured notes (the "Notes") of certain defaults under the Notes arising from matters relating to the decision to restate certain historical financial results and the delay in filing the Company's second quarter 2014 interim filings. Such defaults [Read more]
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