CALGARY, Sept. 30, 2014 /CNW/ - Whitecap Resources Inc. ("Whitecap") (TSX: WCP) is pleased to announce that 43,155,087 common shares of Forge Petroleum Corporation ("Forge Shares"), representing over 99% of the issued and outstanding Forge Shares, have been validly tendered pursuant to Whitecap's offer to purchase (the "Offer") all of the issued and outstanding Forge Shares. Whitecap has directed the depositary, Olympia Trust Company (the "Depositary"), to take up and pay for all of the Forge [Read more]
Archives for September 2014
Tamarack Valley Energy Ltd. Closes Its Wilson Creek Acquisition
CALGARY, ALBERTA--(Marketwired - Sept. 30, 2014) - Tamarack Valley Energy Ltd. ("Tamarack" or the "Company") (TSX VENTURE:TVE) is pleased to announce that it has, through its wholly-owned subsidiary, successfully completed its previously announced acquisition of 100% of Suncor Energy's interests in the Wilson Creek area of Alberta (the "Acquisition") for an aggregate purchase price of $168.5 million, prior to closing adjustments. The Acquisition is highly accretive to Tamarack and further [Read more]
Enbridge aims to grow beyond oil pipelines; eyes gas, international projects
CALGARY - Enbridge Inc. is eyeing new opportunities outside of its home base of North America, including early-stage plans to build a multibillion-dollar pipeline through Colombia.The Calgary-based company (TSX:ENB) said Tuesday it's in talks with five shippers in the South American country about building a 760-kilometre pipeline from oilfields in the interior to its west coast. From there, the crude can be exported to Asia.The pipeline could cost around $6 billion, although a final estimate has [Read more]
Nova Scotia introduces legislation to ban high-volume hydraulic fracturing
HALIFAX - Nova Scotia is moving ahead with legislation that would ban high-volume hydraulic fracturing for onshore oil and gas, but the proposed law also includes an exemption that would allow fracking for testing and research purposes.Energy Minister Andrew Younger insists the exemption in the Petroleum Resources Act does not provide a loophole for the shale gas industry."Anybody could come to the door and ask for whatever they want," Younger said. "What this allows is for cabinet to consider a [Read more]
Bellatrix announces that Grafton has committed an additional $250 million towards further joint venture development
CALGARY, Sept. 30, 2014 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE MKT: BXE) is pleased to announce that based upon the success of the first joint venture with Grafton Energy Co I Ltd. ("Grafton Fund 1"), Bellatrix has entered into a new multi-year joint venture arrangement with Canadian Non-Operated Resources Corp. ("CNOR"), a non-operated oil and gas company managed by Grafton Asset Management Inc. pursuant to which CNOR has committed $250 million in capital [Read more]
Strategic Oil & Gas Ltd. Announces Closing of $65.8 Million First Tranche of Private Placement
CALGARY, ALBERTA--(Marketwired - Sept. 30, 2014) - Strategic Oil & Gas Ltd. (TSX VENTURE:SOG) ("Strategic" or the "Company") is pleased to announce that it has closed the first tranche of its previously announced financing for total gross proceeds of $65.8 million (the "Private Placement"). At closing, Strategic issued 163,926,091 common shares in the Company ("Common Shares"), comprised of 158,085,000 Common Shares and 5,841,091 Common Shares issued on a flow-through basis ("Flow-Through [Read more]
PrairieSky Royalty Announces Change to the Board of Directors
CALGARY, Sept. 30, 2014 /CNW/ - PrairieSky Royalty Ltd. ("PrairieSky") (TSX:PSK) announces that Sherri Brillon has resigned from PrairieSky's Board of Directors effective today's date. Ms. Brillon was a nominee to the PrairieSky Board of Directors under the Governance Agreement with Encana Corporation ("Encana"), which terminated upon closing of the previously announced secondary offering by Encana of its remaining share position in PrairieSky. The Board of Directors wishes to thank Ms. [Read more]
Hemisphere Energy Grants Incentive Stock Options
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 29, 2014) - Hemisphere Energy Corporation (TSX VENTURE:HME) announces that it has granted incentive stock options to officers, employees, consultants and directors of the Company entitling them to purchase up to a total of 785,000 shares at an exercise price of $0.65 each, pursuant to the Company's Stock Option Plan for a term of five years and subject to the receipt of the necessary regulatory approvals. About Hemisphere Energy [Read more]
Banning fracing in Nova Scotia shuts the door on progress
HALIFAX, NS/ Troy Media/ – Instead of prohibiting hydraulic fracturing in Nova Scotia we should develop and pursue in a socially and environmentally responsible manner the economic opportunities that fracing affords. At the end of August, the Wheeler Commission issued its report and advised a cautious approach to hydraulic fracturing, a technique used to extract natural gas from the ground and more commonly known as “fracing,” asserting that we do not yet know enough about the practice and [Read more]
Nova Scotia natives plan to slow highway traffic to protest natural gas plan
STEWIACKE, N.S. - A group of Mi'kmaq protesters and their supporters are planning to slow down traffic on one of Nova Scotia's main highways this week in a bid to stop construction of a natural gas storage facility near Alton.Group spokeswoman Cheryl Maloney says the protesters planned to light a ceremonial fire and set up a teepee Monday near Highway 102 north of Stewiacke, but the actual traffic slow-down won't happen until Wednesday morning.Some of the 20 or so protesters at the site, about [Read more]
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