Seaspan to fuel new ferries with up to 200,000 gigajoules of LNG per year from Tilbury facility SURREY, BC, Nov. 28, 2014 /CNW/ - FortisBC announced today that it will provide $5 million in incentive funding toward two new vessels for Seaspan Ferries that will be able to run on liquefied natural gas (LNG). The incentives were made possible following the creation of the Government of B.C.'s Greenhouse Gas Reduction regulation in 2012 when FortisBC announced the $62 million program for fleet [Read more]
Archives for November 2014
Huntington Corporate Update – Cancellation of Non-Brokered Financing
CALGARY, ALBERTA--(Marketwired - Nov. 28, 2014) - Huntington Exploration Inc. ("HEI" or the "Corporation") (TSX VENTURE:HEI) announced today that, further to its press release dated October 30, 2014, the Corporation has cancelled the previously announced non-brokered private placement offering of units, due to unfavourable market conditions. HEI is an exploration-focused Corporation actively pursuing opportunities in the oil and natural gas business in the Western Canada sedimentary [Read more]
Perpetual Energy Inc. announces notice of early partial redemption of 7.00% Subordinated Convertible Debentures
CALGARY, Nov. 28, 2014 /CNW/ - (TSX:PMT) – Perpetual Energy Inc. ("Perpetual" or the "Corporation") is pleased to announce that the Corporation has provided notice for the early partial redemption on December 31, 2014 of $25,000,000 of the aggregate principal amount of $59,878,000 of 7.00% Convertible Unsecured Junior Subordinated Debentures (the "Debentures") (TSX:PMT.DB.E) outstanding. The debentures mature on December 31, 2015. Perpetual is targeting full year 2015 capital spending to be [Read more]
Tuscany Reports Significant Financial and Operating Improvements for the Nine Months Ended September 2014
CALGARY, ALBERTA--(Marketwired - Nov. 28, 2014) - Tuscany Energy Ltd. (TSX VENTURE:TUS) - Tuscany is pleased to report on a very successful nine months ended September 30, 2014. Highlights of the period were: Revenues increased to $12.9 million from $6.8 million reported for the prior year. Cash flow increased to $6.2 million from $2.1 million in 2013 and net earnings increased to $836,000 from a loss of $961,000. Production averaged 696 BOEd from the 402 BOEd reported in the prior [Read more]
Businesses beyond the oilpatch taking crude price slump in stride
CALGARY - For International Motor Cars, a luxury dealership in Calgary, the oilpatch is big business.But as crude prices have shifted into a lower gear, so too has demand for posh rides from energy industry customers, said general sales manager David Baker.Baker figures the dealership has sold 30 per cent fewer cars this year compared to 2013."I believe it's in direct correlation to the oilpatch," he said.Crude for January delivery fell to around US$66 on Friday — down more than a third since [Read more]
Contact Announces Results for the Three and Six Months Ended September 30, 2014
CALGARY, ALBERTA--(Marketwired - November 28, 2014) - Contact Exploration Inc. ("Contact" or the "Company") (TSX VENTURE: CEX) is pleased to announce that today it has filed its interim condensed consolidated financial statements as at and for the three and six months ended September 30, 2014 and the related management's discussion and analysis ("MD&A") on the Company's profile on the System for Electronic Document Analysis and Retrieval ("SEDAR") website at www.sedar.com. President's [Read more]
Elkwater Resources Ltd. Provides Operational Update and Announces Third Quarter 2014 Financial Results
CALGARY, ALBERTA--(Marketwired - Nov. 28, 2014) - Elkwater Resources Ltd. ("Elkwater" or the "Company") (TSX VENTURE:ELW) announces that it has filed on SEDAR its third quarter unaudited condensed interim financial statements and corresponding Management's Discussion and Analysis ("MD&A") for the three and nine month periods ended September 30, 2014. The financial statements and MD&A will be available on SEDAR at www.sedar.com and on Elkwater's website at [Read more]
Enbridge Inc. Acquires Interest in $650 Million Value Wind Portfolio From E.ON
CALGARY, ALBERTA--(Marketwired - Nov. 28, 2014) - Enbridge Inc. (TSX:ENB)(NYSE:ENB) today announced a deal whereby the Company will purchase an 80 percent interest in a portfolio of two wind farms in the U.S. from E.ON, one of the world's largest investor-owned power and gas companies. The agreed enterprise value for the portfolio is approximately US$650 million. The 203 megawatt (MW) Magic Valley 1 wind farm located near Harligen, Texas and the 202 MW Wildcat 1 wind farm near Elwood, [Read more]
Arcan Delivers Solid Production, Reduced Operating Expenses and Completes Bank Line Review
CALGARY, ALBERTA--(Marketwired - Nov. 27, 2014) - Arcan Resources Ltd. (TSX VENTURE:ARN) ("Arcan" or the "Corporation") commenced its winter drilling program in the third quarter, reduced operating expenses and continued efforts to improve its debt position. "We are on track with our operating performance delivering average daily production of 3,924 barrels of oil equivalent (BOE) in the third quarter, which exceeded our quarterly guidance of 3,650 to 3,850 BOE per day." said Terry McCoy, [Read more]
First Mountain Exploration Inc. Announces Filing of Third Quarter Financial Results and New Personnel
CALGARY, ALBERTA--(Marketwired - Nov. 27, 2014) - First Mountain Exploration Inc. ("First Mountain" or the "Company") (TSX VENTURE:FMX) announces financial results for its third quarter ended September 30, 2014. The unaudited condensed interim financial statements and management's discussion & analysis ("MD&A") have been filed on SEDAR and can be viewed at www.sedar.com. HIGHLIGHTS The following represent the highlights of First Mountain's operations for the quarter ended September [Read more]
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