Further Production Enhancements Planned for 2014 VANCOUVER, British Columbia--(BUSINESS WIRE)--Dejour Energy Inc.: (NYSE MKT: DEJ / TSX: DEJ), an independent oil and gas natural gas exploration and production company operating in North America’s Piceance Basin and Peace River Arch regions, announced today that gross daily production at its Woodrush project in NE British Columbia is currently 540 boepd (380 net), an increase of 60% over average gross daily production during Q4 2013 of [Read more]
Dejour Expands Operations in NE B.C. With Strategic Production and Facilities Acquisition
VANCOUVER, British Columbia--(BUSINESS WIRE)--Dejour Energy Inc.: (NYSE MKT:DEJ / TSX:DEJ), an independent oil and gas natural gas exploration and production company operating in North America’s Piceance Basin and Peace River Arch regions, announced today it has closed the purchase of certain natural gas producing assets and related processing facilities adjacent to its Woodrush oilfield 120 km. north of Ft. St. John, B.C. The assets acquired include a 54% working interest in a Halfway [Read more]
Octagon 88 Resources Announces Bluesky Gething Well Successfully Spudded
ZUG, Switzerland--(BUSINESS WIRE)--Octagon 88 Resources Inc. (OTCBB:OCTX) is pleased to announce the well 07-10-091-22W5 on the Bluesky Gething formation has been successfully spudded and is currently drilling. The well is located in the Peace River Block of NW Alberta. The Manning Projects Operator reports: -The first targeted Bluesky Gething well 07-10-091-22W5 was successfully spudded on March 10, 2014 11:39 MST time. -Drilling has commenced and will continue on the vertical leg [Read more]
Octagon 88 Resources Provides Shareholders With Confirmation Of the Bluesky Gething Drilling Program
ZUG, Switzerland--(BUSINESS WIRE)--Octagon 88 Resources Inc. (OCTX) or “the Company” is pleased to announce that the high resolution 3D seismic program has been successfully completed and processed on the Bluesky Gething formation. Findings confirmed that the Bluesky Gething channels possess five targeted sweet spots which will now be exploited by way of primary production recovery methods used by neighboring Companies such as Baytex and Pennwest. Octagon 88 Resources will receive [Read more]
Devon Energy Announces C$3.125 Billion Sale of Canadian Conventional Assets
OKLAHOMA CITY--(BUSINESS WIRE)--Devon Energy Corporation (NYSE:DVN) today announced that it has entered into a definitive agreement to sell the majority of its Canadian conventional assets to Canadian Natural Resources Limited for C$3.125 billion, or US$2.8 billion using the current exchange rate. The sale excludes the company’s Horn River, Lloydminster and thermal heavy oil assets located in Canada. At December 31, 2013, proved reserves associated with the divestiture totaled approximately 170 [Read more]
Octagon 88 Resources Announces Private Placement Subscription And Launch Of Its Conventional Oil Project
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]