CALGARY, AB--(Marketwired - December 23, 2014) - NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICACanamax Energy Ltd. ("Canamax" or the "Company") (TSX VENTURE: CAC) is pleased to announce results of the Company's recent drilling program as well as an update on the infrastructure build at Flood.Drilling Results During September through early December, Canamax successfully drilled and completed one (net 0.7) horizontal Cardium oil well at Wapiti and six (net 6.0) vertical Montney oil wells [Read more]
Archives for December 2014
Leucrotta Exploration Inc. Announces Grant of Incentive Stock Options
CALGARY, ALBERTA--(Marketwired - Dec. 23, 2014) - Leucrotta Exploration Inc. (the "Corporation") (TSX VENTURE:LXE) announces that its board of directors approved the granting of incentive stock options ("Options") under its stock option plan to certain of its directors and officers to acquire up to an aggregate of 3,495,000 common shares ("Common Shares") of the Corporation and the granting of Options to certain of its employees and consultants to acquire up to an aggregate of 1,177,000 Common [Read more]
Ithaca Energy Inc. Organisation Changes 23 December 2014
ABERDEEN, UNITED KINGDOM--(Marketwired - Dec 23, 2014) - Ithaca Energy Inc. (TSX: IAE) (LSE: IAE) Not for Distribution to U.S. Newswire Services or for Dissemination in the United States Ithaca Energy Inc. Organisation Changes 23 December 2014 Ithaca Energy Inc. (TSX: IAE, LSE AIM: IAE) (the "Company") is pleased to announce the appointment of Mr Roy Buchan as Chief Operations Officer, starting 5 January 2015. Mr Buchan has over 30 years of [Read more]
Northern Blizzard Resources Inc. Announces Revised 2015 Capital Program & Guidance; Maintains Dividend
CALGARY, Dec. 22, 2014 /CNW/ - Northern Blizzard Resources Inc. ("Northern Blizzard" or the "Company") (TSX: NBZ) announces a revised capital program for 2015 in response to the significant decline in crude oil prices. The capital program for 2015 has been reduced by 40% from $215 million to $130 million, which maintains the Company's financial strength while supporting estimated 2015 production of 23,000 boe/d and the monthly dividend of $0.08 per share. Revised 2015 capital [Read more]
Marquee Energy Ltd. Announces Normal Course Issuer Bid
CALGARY, Dec. 22, 2014 /CNW/ - Marquee Energy Ltd. ("Marquee" or the "Company") (TSXV: "MQL") announces that it intends to implement a normal course issuer bid ("NCIB") through the facilities of the TSX Venture Exchange ("TSXV"). Pursuant to the NCIB, Marquee would be able to purchase for cancellation up to 6,017,034 (5%) of its common shares (the "Shares") issued and outstanding for a one year period, at prevailing market prices. Subject to regulatory approval, the one year period will commence [Read more]
Encana Unlocks Value From Montney Midstream Assets With Innovative Sale Agreement
CALGARY, AB--(Marketwired - December 22, 2014) - Encana Corporation (TSX: ECA) (NYSE: ECA) Encana Corporation ("Encana") announced today it has reached an agreement with Veresen Midstream Limited Partnership ("Veresen Midstream"), a 50/50 limited partnership of Veresen Inc. and affiliates of Kohlberg Kravis Roberts & Co. L.P. ("KKR"), under which Encana and Cutbank Ridge Partnership ("CRP"), a partnership between Encana and Cutbank Dawson Gas Resources Ltd., a subsidiary of Mitsubishi [Read more]
Touchstone Announces Signing of East Brighton Exploration License
CALGARY, ALBERTA--(Marketwired - Dec. 22, 2014) - Touchstone Exploration Inc. ("Touchstone" or the "Company") (TSX:TXP) is pleased to announce that it has signed an Exploration and Production License for the East Brighton Block (the "License") in the Republic of Trinidad and Tobago. The License is for an initial six year term, with the option to extend a further twenty-five years upon commercial discovery. The licensed area is a contiguous block directly adjacent to the Brighton Marine field [Read more]
Veresen Announces the Formation of Veresen Midstream with KKR and a $5 Billion Midstream Expansion for Encana and Mitsubishi
CALGARY, ALBERTA--(Marketwired - Dec. 22, 2014) - Veresen Inc. ("Veresen") (TSX:VSN) is pleased to announce the formation of a new entity, Veresen Midstream Limited Partnership ("Veresen Midstream"), which will be owned equally by Veresen and affiliates of Kohlberg Kravis Roberts & Co. L.P. ("KKR"), a global investment firm. Veresen Midstream has entered into definitive agreements to acquire certain natural gas gathering and compression assets supporting Montney development in the Dawson [Read more]
Kitselas First Nation and Pacific NorthWest LNG Announce IBA Term Sheet
TERRACE, BC, Dec. 22, 2014 /CNW/ - Kitselas First Nation and Pacific NorthWest LNG are proud to announce the signing of an Impact Management Benefits Agreement (IMBA) term sheet. The term sheet is an integral step toward concluding negotiations and finalizing an agreement between the two parties. "Our agreement with Pacific NorthWest LNG addresses the environmental and social safeguards we require in negotiations, as well as the delivery of economic, employment and educational benefits for our [Read more]
AltaGas Ltd. Delivers COD Certificate for Its 16 MW Volcano Creek Hydroelectric Facility
CALGARY, ALBERTA--(Marketwired - Dec. 22, 2014) - AltaGas Ltd. ("AltaGas") (TSX:ALA) today announced that the 16 megawatt (MW) Volcano Creek run-of-river hydroelectric facility has successfully completed the 72 hour period of testing required to achieve the commercial operation date (COD) pursuant to the 60-year, fully indexed Electricity Purchase Agreement (EPA) with BC Hydro. A certificate of COD has been delivered to BC Hydro. "This is the last milestone for completing Volcano Creek [Read more]
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