London, Ontario (FSCwire) - Tribute Resources Inc. (TSX-V:TRB) (“Tribute”), announces that Tocardo International BV (“Tocardo”) has entered into bankruptcy proceedings in the Netherlands. Tribute is unclear as to the status of their 46.5% share ownership in Tocardo or as to the process which will be untaken for the bankruptcy proceedings at this time. Tribute has enquired with the receiver but has yet to receive a response. Tribute is currently evaluating their options with respect to the [Read more]
Archives for March 2018
Bashaw Oil Corp sour well applications denied
CALGARY, Alberta, March 28, 2018 (GLOBE NEWSWIRE) -- Bashaw Oil Corp. (Bashaw) will not be allowed to drill three critical sour oil wells two kilometres east of Rocky Rapids after the Alberta Energy Regulator (AER) denied the company’s applications due to public safety concerns. In December, the AER held a hearing in Drayton Valley to hear Bashaw and parties express concern about the company’s applications. The AER determined that Bashaw’s site-specific emergency response plan was incomplete [Read more]
Prairie Provident Announces Fourth Quarter and Year-End 2017 Financial and Operating Results
CALGARY, Alberta, March 28, 2018 (GLOBE NEWSWIRE) -- Prairie Provident Resources Inc. ("Prairie Provident", "PPR" or the "Company") (TSX:PPR) is pleased to announce its operating and financial results for the three months and year ended December 31, 2017, and to provide an operational update. PPR’s audited consolidated financial statements ("Annual Financial Statements") and related Management's Discussion and Analysis ("MD&A") for the three months and year ended December 31, 2017 and [Read more]
Connacher Enters Into Support Agreement With Lenders and Obtains Court Authorization to Commence Sale and Investment Solicitation Process
CALGARY, March 28, 2018 /CNW/ - Connacher Oil and Gas Limited ("Connacher" or the "Company") is pleased to announce that the Court of Queen's Bench of Alberta (the "Court") in Connacher's Companies' Creditors Arrangement Act ("CCAA") proceeding has approved Connacher's entry into a Support Agreement (the "Support Agreement") with first lien lenders holding in excess of 75% of the principal amount of debt outstanding under the First Lien Credit Agreement dated as of May 23, 2014 (as amended) (the [Read more]
ConocoPhillips Announces Pricing of Cash Tender Offer
HOUSTON--(BUSINESS WIRE)--ConocoPhillips (NYSE: COP) announced today the pricing terms of the previously announced tender offer (the “Tender Offer”) by ConocoPhillips and its wholly-owned subsidiary, ConocoPhillips Company (“CPCo” and, together with ConocoPhillips, the “Company”), to purchase up to $400 million in aggregate principal amount (the “Maximum Tender Offer Amount”) of the outstanding debt securities (collectively, the “Notes” and each a [Read more]
Pembina Pipeline Corporation Announces Alliance Pipeline Open Season
CALGARY, March 28, 2018 /CNW/ - Pembina Pipeline Corporation ("Pembina" or "the Company") (TSX: PPL; NYSE: PBA) announced today that Alliance Pipeline Ltd. ("Alliance"), of which it owns a 50 percent interest, has commenced a binding open season ("Open Season") for expansion capacity commitments. Alliance today announced a binding Open Season for expansion capacity commitments. The Open Season is for an estimated 400 million cubic feet per day of additional firm service, commencing at an [Read more]
Corridor Announces 2017 Year End Results
HALIFAX, NOVA SCOTIA--(Marketwired - March 28, 2018) - Corridor Resources Inc. ("Corridor" or the "Company") (TSX:CDH) announced today its 2017 year-end financial results. Corridor's annual financial statements, annual management's discussion and analysis and Annual Information Form for the year ended December 31, 2017 have been filed on SEDAR at www.sedar.com and are available on Corridor's website at www.corridor.ca. All amounts referred to in this press release are in Canadian dollars unless [Read more]
Blackpearl Announces Mailing of Meeting Materials for Annual and Special Meeting of Shareholders
Calgary, Alberta, March 28, 2018 (GLOBE NEWSWIRE) -- BlackPearl Resources Inc. (“we”, “our”, “us”, “BlackPearl” or the “Company”) (TSX: PXX) (NASDAQ Stockholm: PXXS) is pleased to announce the mailing to BlackPearl shareholders of record as at March 15, 2018 of a management information circular and related meeting materials in connection with the annual and special meeting of shareholders scheduled to be held at the Calgary Petroleum Club, 319 – 5th Avenue SW Calgary Alberta on Thursday May 3, [Read more]
Small northern Alberta community gets bigger with historic land purchase
FORT MCKAY, Alta. - The tiny northern Alberta community of Fort McKay is planning on getting a lot bigger after buying $1.6 million in land from the Alberta government. The Metis community, on the Athabasca River just north of Fort McMurray, is home to about 750 people and sits among many oilsands sites. It is believed to be the first Metis settlement to buy all the land it occupies from a provincial government. "This is nothing less than the realization of Louis Riel's [Read more]
New operating structure at Alliance Pipeline expected to result in fewer employees
CALGARY - One of the two Calgary-based pipeline companies that own Alliance Pipeline Ltd. says there will be an unspecified number of job cuts as the partners move to end its standalone management structure. Alliance says 50-50 partners Enbridge Income Fund, a division of Enbridge Inc., and Pembina Pipeline Corp. will manage Alliance through an "owner-operator model," with implementation to be completed during the summer. Enbridge spokeswoman Suzanne Wilton says "some workforce reductions" [Read more]
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