CALGARY, ALBERTA--(Marketwire - Apr 1, 2013) - Sonde Resources Corp. ("Sonde" or the "Company") (SOQ.TO) (NYSE MKT:SOQ) announced today that it has entered into an agreement with Viking Energy North Africa Limited ("Viking") to extend the deadline for meeting the conditions precedent under the Farm-Out Agreement that includes obtaining the consent of Joint Oil to the transfer of a 66.67% interest in the Joint Oil Block pursuant to the previously announced farm-out agreement to June 7, 2013. To [Read more]
Our Beloved Premier Ralph Klein 1942 – 2013
Today we lost the greatest Premier Canada has had or will ever have. Ralph Klein passed away today at the age of 70. I had the great honor of knowing Ralph as a friend. Ralph was the most remarkable man I ever met: humble, caring, bold and smart. He will be missed by all. We express our deepest condolences to his wife Colleen. We have the utmost gratitude for the time he gave us as a Mayor, a Premier and a friend. We may never realize how lucky we are. Here is the statement from his wife [Read more]
Donnybrook Announces Details of Anticipated Distribution of Cequence Shares
CALGARY, ALBERTA--(Marketwire - Mar 28, 2013) - Donnybrook Energy Inc. ("Donnybrook" or the "Company") (TSX VENTURE:DEI) announces that further to its previously announced agreement to sell the Company's interest in its Simonette and Resthaven oil and gas properties to Cequence Energy Ltd. ("Cequence") for consideration consisting of 10.3 million common shares of Cequence ("Cequence Shares") and Cequence's interest in its Fir oil and gas property, by way of a plan of arrangement under the [Read more]
Colorado governor wraps up three-day visit to oilsands. thinks American attitudes are changing
CALGARY - The governor of Colorado says he thinks Americans who are against the proposed Keystone XL pipeline may be beginning to change their minds. John Hickenlooper has wrapped up a three-day visit to Alberta which included a tour of the oilsands. Hickenlooper, a Democrat, hasn't taken a political stance in support of the pipeline that would carry bitumen from the oilsands to U.S. refineries. But he says the public needs to focus on the facts when it comes to Alberta [Read more]
Natural gas storage draw in-line with estimates
Working gas in storage was 1,781 Bcf as of Friday, March 22, 2013, according to EIA estimates. This represents a net change of -95 Bcf in-line with analyst estimates of ~-94 Bcf. Stocks were 642 Bcf less than last year at this time and 61 Bcf above the 5-year average of 1,720 Bcf. [table] [attr style="width: 25%"]`[attr style="width: 25%"]March 22`[attr style="width: 25%"]March 15`[attr style="width: [Read more]
Outcome of Keystone decision could have major impact on investors’ portfolios
By Lauren Krugel, The Canadian Press CALGARY - Once upon a time pipeline companies were viewed as rather boring investments. That's not the case anymore. The fate of the contentious Keystone XL pipeline could have an impact on investors' portfolios in more ways than one. But John Stephenson, portfolio manager at First Asset Investment Management, says pipelines are still a better way to play the energy industry than investing in producers that are more exposed to commodity price [Read more]
Governments to publish long-awaited environmental data on oilsands
OTTAWA - The federal and Alberta governments are finally ready to make research and data from their oilsands monitoring program public. Federal Environment Minister Peter Kent and his Alberta counterpart, Diana McQueen, are expected to launch a new data portal next Wednesday at an event at Carleton University in Ottawa. Public access to the data has been a long time coming. In February 2012, as part of their strategy to win international confidence in the environmental record [Read more]
Oil slightly higher as Cyprus reopens banks; natural gas steady after topping $4
By The Associated Press NEW YORK, N.Y. - The price of oil was little changed Thursday, while natural gas was steady a day after closing above US$4 for the first time in a year and a half. In morning trading in New York, benchmark West Texas Intermediate crude for May delivery was up 12 cents at US$96.70 a barrel. Oil has gained more than $4 in less than a week, driven by signs of strength in the U.S. economy. Natural gas futures were unchanged. Wednesday's close at US$4.07 per 1,000 [Read more]
Artek Exploration Ltd. Announces Closing of Bought Deal Equity Financing
CALGARY, ALBERTA--(Marketwire - March 28, 2013) - NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S. Artek Exploration Ltd. ("Artek" or the "Corporation") (RTK.TO) is pleased to announce the closing of its recently announced bought deal financing that was expanded for aggregate gross proceeds of approximately $39 million. An aggregate of 8,700,000 common shares of the Corporation were issued at a price of $3.45 per common share and 2,150,000 common shares of [Read more]
National Energy Board approves new tolls for TransCanada’s Mainline pipeline
CALGARY - The National Energy Board approved a new toll plan for TransCanada's (TSX:TRP) Mainline on Wednesday that will help the natural gas pipeline compete. The board set the firm transportation toll from Empress, Alta., to Dawn, Ont., at $1.42/GJ, compared with a 2013 toll of $2.58/GJ. "The board approved multi-year fixed tolls that are competitive and provide TransCanada with a reasonable opportunity to recover its Mainline costs, given the increase in Mainline throughput [Read more]
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