CALGARY, ALBERTA--(Marketwired - May 28, 2015) - Southern Pacific Resource Corp. (the "Company" or "Southern Pacific") announced today that the Company's First Lien Term Loan Creditors have filed an application with the Court of Queen's Bench of Alberta to place the Company into Receivership and appoint a Receiver to manage the Company's affairs. PwC Canada ("PWC") had been appointed by the Court as monitor under the existing CCAA proceedings and has been proposed as the Receiver in order to [Read more]
Archives for May 2015
International Frontier Resources Corporation: First Quarter 2015 Results & Corporate Update
CALGARY, ALBERTA--(Marketwired - May 28, 2015) - International Frontier Resources Corporation (TSX VENTURE:IFR) today reported results for the period ending March 31, 2015. In the period the Company recorded a loss of $243,335 ($0.04 per share) versus a loss of $60,190 ($0.01 per share). Oil revenue in the reporting period was $89,730 versus $236,940 in Q1, 2014. Revenue in the period was down as a result of lower oil production and lower oil prices, $40.03 per barrel in Q1, 2015 versus $80.09 [Read more]
Forent Energy Announces Q1 2015 Financial and Operating Results
CALGARY, ALBERTA--(Marketwired - May 28, 2015) - Forent Energy Ltd. ("Forent" or the "Company") (TSX VENTURE:FEN) is pleased to announce that it has filed its Financial Statements and Management's Discussion & Analysis, for the three months ended March 31, 2015, with applicable securities regulatory authorities in Canada. Copies of these documents can be accessed under the Company's profile on the SEDAR website at www.sedar.com and on the Company's website www.forentenergy.com. Financial [Read more]
$200,000 donated to support municipalities – Enbridge’s Project Zero and Project Assist to Help Improve Carbon Monoxide and Fire Safety Education in Ontario
TORONTO, ONTARIO--(Marketwired - May 28, 2015) - Editor's Note: There is a photo associated with this press release. As enforcement of the new mandatory carbon monoxide alarm law comes into effect this Spring, Enbridge Gas Distribution ("Enbridge") is partnering with the Fire Marshal's Public Fire Safety Council to help fire departments across the province reduce the number of fire and carbon monoxide-related deaths to zero. Through the Project Zero public education [Read more]
Alberta recession unavoidable: report
CALGARY - A recession is unavoidable in Alberta this year, according to a report by the Conference Board of Canada.The province's economy is expected to shrink by 0.7 per cent in 2015, even though oil prices seem to have stabilized at around US$60 a barrel, the Ottawa-based economic think tank said Thursday.Next year, it's calling for modest growth of 1.1 per cent."Alberta's economic performance will be underwhelming this year and next, especially compared with recent years," said [Read more]
GE Capital, Canada Announces Agreement with Shell to Facilitate Trucking Industry's Shift to Natural Gas Vehicles
MONTREAL, May 28, 2015 /CNW/ - GE Capital, Canada announced today the signing of a commercial agreement with Shell Canada Products (Shell) with a view to facilitate the trucking industry's adoption in Canada of liquefied natural gas (LNG), a cleaner-burning, less expensive fuel. Under this agreement, GE Capital and Shell will work together to reduce monthly payments for truck fleets that lease natural gas vehicles (NGVs). Specifically, fleets owners can sign natural gas fueling contracts with [Read more]
Tuscany Announces Financial and Operating Results for the Three Months Ended March 31, 2015
CALGARY, ALBERTA--(Marketwired - May 28, 2015) - Tuscany Energy Ltd. (TSX VENTURE:TUS) is pleased to report satisfactory financial and operating results for the first quarter of 2015. It was a difficult quarter due to the sharp decline in heavy oil prices, which dictated an almost complete cessation of activity. Tuscany however did continue to optimize its oil production capability and purchased some additional oil prone acreage while focusing on maintaining its low balance sheet [Read more]
Leucrotta Exploration Corporate Update
CALGARY, ALBERTA--(Marketwired - May 28, 2015) - Leucrotta Exploration Inc. ("Leucrotta" or the "Company") (TSX VENTURE:LXE) is pleased to announce a corporate update following the previously announced sale of a portion of its Northeast British Columbia assets. The assets were sold for approximately $80 million and has left the Company in a strong financial position and with significant flexibility to execute its business plan on its remaining 172 net sections of Montney in the Greater Dawson [Read more]
Marquee Energy shareholders approve all resolutions at Annual General Meeting
CALGARY, May 27, 2015 /CNW/ -Â Marquee Energy Ltd. ("Marquee" or the "Company") (TSXV: MQL) announces that the following matters were approved by the shareholders at the Annual General Meeting ("AGM") held May 27, 2015 in Calgary, Alberta. The shareholders elected the full slate of Directors including Messrs., Glenn R. Carley, Paul E. Moynihan, James H.T. Riddell, Dr. William J.F. Roach, Gregory G. Turnbull, and Richard Thompson. The Company would like to thank retiring Directors Dennis Feuchuk [Read more]
Hemisphere Energy Announces Q1 2015 Financial and Operating Results
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 27, 2015) - Hemisphere Energy Corporation (TSX VENTURE:HME) ("Hemisphere" or the "Company") is pleased to announce its financial and operating results for the three months ended March 31, 2015. Q1 2015 Highlights Achieved record quarterly production averaging 995 boe/d (84% oil and NGL), a 76% increase over the first quarter of 2014 and a 12% increase over the fourth quarter of 2014. Realized a $20.42/boe operating netback during a [Read more]
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