CALGARY, ALBERTA--(Marketwired - April 2, 2015) - Strategic Oil & Gas Ltd. ("Strategic" or the "Company") (TSX VENTURE:SOG) reports financial and operating results for the three months and year ended December 31, 2014. Detailed results are presented in Strategic's annual consolidated financial statements, related Management's Discussion and Analysis ("MD&A") and Annual Information Form which will be available through the Company's website at www.sogoil.com and on SEDAR at [Read more]
Archives for April 2015
Maple Leaf Royalties Corp. Completes Acquisition of Royalties and Non-Operated Working Interests
CALGARY, ALBERTA--(Marketwired - April 1, 2015) - Maple Leaf Royalties Corp. (TSX VENTURE:MPL) ("Maple Leaf") is pleased to report that it has completed the previously announced acquisition of royalty interests and non-operated working interests in a total of 17 oil and gas wells located in Alberta and Saskatchewan (the "Acquired Assets") from Maple Leaf 2012-II Energy Income Limited Partnership. Please refer to Maple Leaf's news release of March 24, 2015 for additional information regarding the [Read more]
Harvest delays startup of BlackGold oilsands project; layoffs reach 105
Korean-owned Harvest Operations Corp. confirmed Wednesday that it will delay the startup of its BlackGold oilsands project while the company continues to pare its workforce in the face of lower oil prices."We unfortunately (have) had to reduce our total workforce number by 105 positions," spokesman Greg Foofat said in a telephone interview"It wasn't done all at once," he said, adding that the reductions have been underway since the beginning of the year."It's just due to the lower expected plant [Read more]
Suncor provides update on cost management program and operations
CALGARY, ALBERTA--(Marketwired - April 1, 2015) - Suncor Energy today provided an update on its progress on cost management measures in response to the low crude price environment, as well as an update on operations. Since the cost management program was announced in January, the company has made significant progress on its cost reduction initiatives. Suncor now expects that the $600 million to $800 million in operating budget reductions will be substantially realized in 2015, ahead of [Read more]
Perpetual Energy Inc. Announces Closing of Swap of West Edson Property for 6.75 Million Tourmaline Shares With Market Value of $258.7 Million and Updates Borrowing Base on Credit Facility
CALGARY, April 1, 2015 /CNW/ - (TSX:PMT) - Perpetual Energy Inc. ("Perpetual", the "Corporation" or the "Company") is pleased to announce the closing of the previously announced swap with Tourmaline Oil Corp. ("Tourmaline") to exchange its joint interest share in its West Edson asset in West Central Alberta for 6.75 million Tourmaline common shares ("TOU Shares") having a current market value of approximately $258.7 million based on today's closing price of the TOU Shares on the Toronto Stock [Read more]
Oando Energy Resources announces year end 2014 results
CALGARY, April 1, 2015 /CNW/ - Oando Energy Resources Inc. ("OER" or the "Company") (TSX: OER), a company focused on oil and gas exploration and production in Nigeria, today announced financial and operating results for the year ended December 31, 2014. The audited consolidated financial statements, notes and management's discussion and analysis pertaining to the period are available on the System for Electronic Document Analysis and Retrieval ("SEDAR") at www.sedar.com and by visiting [Read more]
TransCanada Closes Sale of Remaining Interest in GTN to TC PipeLines, LP
CALGARY, ALBERTA--(Marketwired - April 1, 2015) - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) today closed the sale of its remaining 30 per cent interest in Gas Transmission Northwest LLC (GTN) to its master limited partnership, TC PipeLines, LP (NYSE:TCP) (the Partnership). GTN is a 2,178 kilometre (1,353 mile) pipeline that transports natural gas under long-term contracts from the Western Canada Sedimentary Basin and the Rocky Mountains to Washington, Oregon and California. [Read more]
TC PipeLines, LP Completes Acquisition of Remaining 30 Percent Interest in GTN
HOUSTON, TEXAS--(Marketwired - April 1, 2015) - TC PipeLines, LP (NYSE:TCP) (the Partnership) today announced the closing of its previously announced acquisition of the remaining 30 percent interest in Gas Transmission Northwest LLC (GTN) from TransCanada Corporation. The acquisition is expected to be immediately accretive to Partnership cash flows and earnings. TC PipeLines, LP is a Delaware master limited partnership with interests in six federally regulated U.S. interstate natural gas [Read more]
Bonavista Energy Corporation Announces Increase to Exchangeable Share Ratio
CALGARY, ALBERTA--(Marketwired - April 1, 2015) - Bonavista Energy Corporation ("Bonavista") (TSX:BNP) is pleased to announce the increase to the Exchange Ratio of its exchangeable shares from 1.30885 to 1.31581. This increase will be effective on April 15, 2015 (the "Effective Date"). The following are the details of the calculation of the Exchange Ratio: [Read more]
Former employee of energy company arrested after shots fired in Alberta facility
CLAIRMONT, Alta. - RCMP say a former employee of an energy services company in northern Alberta is facing firearms offences after several shots were fired inside the facility.Investigators say the man surrendered after a three-hour standoff Tuesday night at the Halliburton building in Clairmont, north of Grande Prairie.Two employees had locked themselves in a room in the building and hid inside with the lights off.They had no contact with the gunman and it appears he didn't know they were [Read more]