CALGARY - The federal-provincial panel conducting an environmental review of the proposed Frontier oilsands mine project in northern Alberta has been ordered to consider its impact on Wood Buffalo National Park as requested by the UN's World Heritage Committee. In a report in March based on a visit to the 45,000-square-kilometre park, a world heritage site since 1983, the UN agency warned of risk from industrial development and said the park could be designated "in danger" if Canada [Read more]
Archives for August 2017
Oil slips as market focus shifts to Jackson Hole
Oil prices slipped on Thursday, giving up some recent gains as the dollar strengthened ahead of a meeting of central bankers in Jackson Hole, Wyoming, which could signal changes to monetary policy. Benchmark Brent crude was down 20 cents a barrel at $52.37 by 1120 GMT. U.S. light, sweet crude was 20 cents lower at $48.21 a barrel. The annual meeting at Jackson Hole starts on Thursday and will include speeches by U.S. Federal Reserve Chair Janet Yellen and European Central Bank chief Mario [Read more]
Sunshine Oilsands Ltd.: Voluntary Announcement – Financial Assistance from A Substantial Shareholder
HONG KONG, CHINA and CALGARY, ALBERTA--(Marketwired - Aug. 24, 2017) - The Board of Directors of Sunshine Oilsands Ltd. (the "Corporation" or "Sunshine") (HKSE:2012) hereby announces the following: The Board wishes to announce that on August 24, 2017 (Hong Kong time), a Shareholder's Loan Agreement was entered into between Prime Union as lender and Sunshine as borrower, pursuant to [Read more]
Sunshine Oilsands Ltd.: Lapse of Subscription Agreement
HONG KONG, CHINA and CALGARY, ALBERTA--(Marketwired - Aug. 24, 2017) - The Board of Directors of Sunshine Oilsands Ltd. (the "Corporation" or "Sunshine") (HKSE:2012) wishes to announce the following: References are made to the announcements of the Corporation dated June 5, 2017 (Hong Kong time) and July 4, 2017 (Hong Kong time) (the "Announcements") and the circular dated July 7, 2017 (the "Circular") of the Corporation, in relation to, among other matters, the proposed issue of new [Read more]
Ikkuma Announces Second Quarter 2017 Financial and Operating Results
CALGARY, Aug. 24, 2017 /CNW/ - Ikkuma Resources Corp. ("Ikkuma" or the "Corporation") (TSXV: IKM) is pleased to report its financial and operating results for the three months ended June 30, 2017. Selected financial and operational information is set out below and should be read in conjunction with Ikkuma's interim condensed financial statements and the related management's discussion and analysis ("MD&A") for the three months ended June 30, 2017. Ikkuma's condensed interim financial [Read more]
CNOOC Limited: Costs Continue to Improve with Profits Significantly Increased
HONG KONG, Aug. 24, 2017 /CNW/ -- CNOOC Limited (the "Company", SEHK: 00883, NYSE: CEO, TSX: CNU) today announced its 2017 interim results for the six months ended June 30, 2017. The Company has fully met 1H targets with outstanding production performance. Regarding exploration, 14 new discoveries and 14 successful appraisal wells were achieved, among which, 13 new discoveries and 12 successful appraisal wells were made in offshore China while one new discovery and 2 successful appraisal wells [Read more]
Marquee Energy Ltd. Announces Second Quarter 2017 Financial and Operating Results and Appointment of Chief Financial Officer
CALGARY, AB--(Marketwired - August 23, 2017) - Marquee Energy Ltd. ("Marquee" or the "Company") (TSX VENTURE: MQX) announces its second quarter operational and financial results for the three and six months ended June 30, 2017, and the appointment of Mr. Howard Bolinger as Chief Financial Officer ("CFO") and Vice President Finance, effective immediately. The Company's financial statements and Management's Discussion and Analysis ("MD&A") for the three and six months ended June 30, 2017 are [Read more]
Canada to consider indirect emissions for TransCanada Energy East pipe
The review of TransCanada Corp's proposed Energy East pipeline will consider its indirect greenhouse gas contributions, Canada's National Energy Board (NEB) regulator said on Wednesday, expanding the scope of the assessment. In determining whether the pipeline is in the public's interest, the NEB will weigh the emissions from extracting and refining the oil shipped on the pipeline, the regulator said. Energy East, which would take crude from Alberta to the Atlantic coast, [Read more]
Painted Pony Announces Closing of Strategic Financing
CALGARY, Aug. 23, 2017 /CNW/ - Painted Pony Energy Ltd. ("Painted Pony" or the "Corporation") (TSX: PONY) is pleased to announce the successful closing of its CAD$200 million private placement financing with Magnetar Capital, consisting of CAD$150 million of senior unsecured notes (the "Notes") and CAD$50 million of unsecured subordinated convertible debentures (the "Debentures"), as previously announced on August 9, 2017. The Debentures will have an initial conversion price of $5.60 per common [Read more]
Sanchez Energy to Pay Dividends on Series A and Series B Convertible Perpetual Preferred Stock in Common Stock
HOUSTON, Aug. 23, 2017 (GLOBE NEWSWIRE) -- Sanchez Energy Corporation (NYSE:SN) (“Sanchez Energy” or the “Company”) today announced that the Board of Directors has declared a quarterly dividend of $0.609375 per share on its 4.875% Convertible Perpetual Preferred Stock, Series A and $0.812500 per share on its 6.500% Convertible Perpetual Preferred Stock, Series B (together, the “Convertible Perpetual Preferred Stock”). The quarterly dividends on the Convertible Perpetual Preferred Stock will [Read more]
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