ZURICH--(BUSINESS WIRE)--Octagon 88 Resources Inc. (OCTX) or “the Company” is pleased to announce that a private placement subscription agreement has been accepted and closed by an established Swiss based fund as the subscriber in the amount of $750'000 USD. The subscriber has agreed to purchase 136'364 units of the Company’s common stock at a price of $5.50 per unit, each unit consisting of one share of common stock and one share purchase warrant, entitling the holder to purchase one additional [Read more]
Octagon 88 Resources Provides Shareholders with Corporate Update
ZUG, Switzerland--(BUSINESS WIRE)--Octagon 88 Resources Inc., (OTCBB:OCTX) is pleased to provide its shareholders with a corporate update as a direct result of the Manning Projects validation and the recent successful financing in CEC North Star Ltd. Octagon 88 has positioned itself to target an upgrade to a senior listing as management believes this will enable the Company to pursue its corporate strategy of mergers and acquisitions of assets in addition to its ownership of CEC North [Read more]
Kinder Morgan and Imperial Oil to Build Edmonton Crude Oil Rail Terminal
CALGARY--(BUSINESS WIRE)--Kinder Morgan Energy Partners L.P. (NYSE: KMP) and Imperial Oil (IMO) today announced a 50-50 joint venture to build a crude oil rail-loading facility in Strathcona County, Alberta, called the Edmonton Rail Terminal. The facility will be built on heavy industrial-zoned land approximately one-half kilometer southwest of Kinder Morgan’s Edmonton storage terminal, on land adjacent to Imperial’s Strathcona Refinery. The Edmonton Rail Terminal is currently being designed [Read more]
Trans Mountain Files Facilities Expansion Application with the National Energy Board
CALGARY--(BUSINESS WIRE)--Trans Mountain Pipeline ULC (Trans Mountain) operated by Kinder Morgan Canada and owned by Kinder Morgan Energy Partners, L.P. (NYSE: KMP), today filed a Facilities Application with its regulator, the National Energy Board (NEB), for authorization to build and operate the necessary facilities for the company’s proposed Trans Mountain expansion project. The application addresses all issues previously identified by the NEB, including environmental, socio-economic, [Read more]
ConocoPhillips Announces 2014 Capital Budget of $16.7 Billion and Affirms Production Growth Target
HOUSTON--(BUSINESS WIRE)--ConocoPhillips (NYSE: COP) today announced a 2014 capital expenditures budget of $16.7 billion for continuing operations. Investments during 2014 will target the company’s diverse portfolio of global opportunities. Approximately 55 percent of the budget is allocated toward North America and 45 percent toward Europe, Asia Pacific and other international businesses. Highlights of the company’s 2014 investment program include: Increased investment in the company’s [Read more]
Devon Energy Reports Third-Quarter 2013 Results
Delivered 38 percent growth in U.S. oil production Increased cash flow by 18 percent Improved Canadian thermal oil realizations Achieved positive well results in emerging oil plays Exceeded company guidance for midstream operating profit November 06, 2013 08:00 AM Eastern Standard Time OKLAHOMA CITY--(BUSINESS WIRE)--Devon Energy Corporation (NYSE:DVN) today reported net earnings of $429 million or $1.06 per common share ($1.05 per diluted share) for the quarter ended [Read more]
Chevron Establishes Recoverable Resource in the Duvernay Shale Play
SAN RAMON, Calif.--(BUSINESS WIRE)--Chevron Corporation (NYSE: CVX) today announced the successful conclusion of the initial exploration phase by its Canadian subsidiary, Chevron Canada Limited, in the Kaybob area of the Duvernay play, located in west-central Alberta, Canada. “This discovery creates a foundation for future growth in Canada.” Chevron Canada Limited successfully concluded the initial twelve well exploration drilling program in the liquids-rich portion of the Duvernay shale play. [Read more]