CALGARY, Alberta and HONG KONG, May 31, 2015 /CNW/ -- SUBSCRIPTION AGREEMENTS Sunshine Oilsands Ltd. (the "Corporation" or "Sunshine") (HKEX: 2012, TSX: SUO), entered into the Subscription Agreements with each of the Subscribers pursuant to which the Subscribers have conditionally agreed to subscribe, and the Corporation has conditionally agreed to allot and issue, an aggregate of 524,734,210 Subscription Shares at the Subscription Price of HK$0.75 (approximately CDN$0.12) per Subscription Share [Read more]
Archives for May 2015
B.C. activists protest Shell oil drilling ship’s movement through Inside Passage
VANCOUVER - A group of environmentalists and B.C. First Nations opposed to Arctic oil exploration are protesting a multinational oil and gas company's movements through the West Coast's Inside Passage.International environmental organization Greenpeace says Royal Dutch Shell is transporting its oil-spill-containment vessel, the Arctic Challenger, up B.C.'s coastline to the Aleutian Peninsula in Alaska.Chief Calvin Craigan of the Sechelt First Nation says increased tanker traffic in the region [Read more]
CGX Energy Files First Quarter Financial Statements
TORONTO, May 29, 2015 /CNW/ - CGX Energy Inc. (TSX-V - OYL) ("CGX Energy" or the "Company") announced today the release of its unaudited consolidated financial results for the quarter ended March 31, 2015, together with its Management Discussion and Analysis. These documents will be posted on the Company's website at www.cgxenergy.com and SEDAR at www.sedar.com. Dewi Jones, Chief Executive Officer of the Company, commented: "We are encouraged by the recent announcement from ExxonMobil in [Read more]
New coating made in Edmonton for pipelines could cut down leaks, spills:official
EDMONTON - A nanotechnology advancement being developed at Edmonton's Northern Alberta Institute of Technology could hold the key to making pipelines safer.Reg Allen of Meso Coat Technology Canada says the spray coats the inside of the pipe and could double the life of the line, even with something as corrosive as oil or gas flowing through it.Western Diversification Minister Michelle Rempel was in Edmonton Friday to announce the government is giving the company $1.5 million to develop the [Read more]
Spyglass Resources Corp. Announces Extension of Credit Facility Review
CALGARY, May 29, 2015 /CNW/ - Spyglass Resources Corp. ("Spyglass", or the "Company") (TSX: SGL, OTCQX: SGLRF) announces the Company and its lenders have agreed to further extend its annual credit facility review and borrowing base determination from May 29, 2015 to June 30, 2015. The Company's existing credit facility has therefore been extended until June 30, 2015 consistent with this revised renewal schedule. Spyglass will issue a press release once the review has concluded. [Read more]
Gemini Corporation Announces Executive Changes
CALGARY, May 29, 2015 /CNW/ - Gemini Corporation (GKX-TSXV) is pleased to announce that Mr. Terry Martin will be joining the organization as Chief Operating Officer, effective June 22, 2015. In addition, the Corporation wishes to congratulate Mr. Roger Harripersad on his promotion to Vice President, Human Resources. Mr. Martin is an experienced energy industry executive with approximately 15 years of experience in the western Canadian oil and gas sector. His most recent position was with Lauren [Read more]
Ironhorse Announces Q1 2015 Financial and Operating Results
CALGARY, May 29, 2015 /CNW/ - Ironhorse Oil & Gas Inc. ("Ironhorse" or the "Company") (TSX-V: IOG) announces its financial and operating results for the three months ended March 31, 2015. Financial and Operation Summary Mid March 2015, Sinopec Canada completed expansion of the 13-2 battery which required installation of additional sour gas compression, group inlet separation and vapour recovery capacity. Re-start of production from the Pembina Nisku L2L pool, post 13-2 facility upgrade, [Read more]
Painted Pony Attending 2015 RBC Global Energy and Power Executive Conference
CALGARY, ALBERTA--(Marketwired - May 29, 2015) - Painted Pony Petroleum Ltd. (TSX:PPY) ("Painted Pony" or the "Corporation") is pleased to announce that it will be attending and meeting with investors at the RBC Global Energy and Power Executive Conference on June 2nd, held at The Ritz Carlton, Battery Park, in New York, New York. Mr. Patrick Ward, President and CEO and Mr. Ted Hanbury, Senior Vice-President, Engineering will be making a series of investor presentations in Chicago on [Read more]
US oil and natural gas rig count drops by 10 to 875; down 4 in Texas
HOUSTON - Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. declined by 10 this week to 875.Houston-based Baker Hughes said Friday 646 rigs were seeking oil and 225 explored for natural gas. Four were listed as miscellaneous. A year ago, with oil prices nearly double the current levels, 1,866 rigs were active.Among major oil- and gas-producing states, Texas lost four rigs, California declined by three and Arkansas, Louisiana and [Read more]
Storm Resources Ltd. Announces Disposition of Grand Prairie Assets
CALGARY, ALBERTA--(Marketwired - May 29, 2015) - STORM RESOURCES LTD. ("Storm" or the "Company") (TSX VENTURE:SRX) is pleased to announce that it has entered into a definitive purchase and sale agreement with an oil and gas company with respect to the disposition (the "Disposition") of the Company's properties (the "Assets") in the Grande Prairie area of northwest Alberta. Details of the Disposition are as follows: Disposition price is $24.0 million, subject to standard closing adjustments. [Read more]
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