CALGARY, June 5, 2017 /CNW/ - Ikkuma Resources Corp. ("Ikkuma" or the "Corporation") (TSXV: IKM) announces that it has completed a resource study of its interest in the Cardium and Badheart formations contained within its land holdings in the Narraway and Lynx areas of the northern Alberta Foothills (the "Study Area"), audited by Deloitte LLP ("Deloitte"), independent qualified reserves evaluators of Calgary, Alberta. Ikkuma's Cardium and Badheart holdings within the northern Alberta [Read more]
National Energy Board Oral Hearing for Wyndwood Pipeline Expansion Project Begins on June 6
CALGARY, June 2, 2017 /CNW/ - The National Energy Board (NEB) will hold an oral hearing on Tuesday, June 6 at 9 a.m. (local time) on whether or not the Wyndwood Pipeline Expansion Project should be approved for construction and operation. The hearing will be held at the Pomeroy Inn & Suites in Chetwynd, BC. The public is welcome to attend. The Wyndwood Pipeline Expansion Project is an application from Westcoast Energy Inc. (doing business as Spectra Energy Transmission) to build and [Read more]
Northern Blizzard Resources Inc. Proposes a Name Change to Cona Resources Ltd.
CALGARY, June 2, 2017 /CNW/ - Northern Blizzard Resources Inc. ("Northern Blizzard" or the "Company") (TSX:NBZ) is pleased to propose a name change to Cona Resources Ltd. On May 11, 2017, Waterous Energy Fund, through its affiliates, completed the acquisition of approximately 67% of the outstanding common shares of Northern Blizzard from its former private equity shareholders. Shareholders will be asked to consider and approve the name change of the Company to Cona Resources Ltd. at a [Read more]
Painted Pony announces participation in the RBC Capital Markets Global Energy & Power Conference
CALGARY, June 1, 2017 /CNW/ - Painted Pony Energy Ltd. ("Painted Pony" or the "Corporation") (TSX: PONY) is pleased to announce participation in the RBC Capital Markets Global Energy & Power Conference taking place at the The Ritz-Carlton Battery Park New York located at 2 West Street in New York City, New York on Wednesday, June 7, 2017. Painted Pony will be undertaking a series of meetings with institutional investors while at this conference. Interested parties are invited to view the [Read more]
Keyera Sanctions Wapiti Natural Gas Gathering & Processing Complex
CALGARY, May 31, 2017 /CNW/ - Keyera Corp. (TSX:KEY) ("Keyera") today announced the sanctioning of the first phase of its natural gas gathering and processing complex in the Wapiti area south of Grand Prairie, Alberta (the "Project"). The sanctioned portion of the Project is supported by agreements with its primary customer, which include an area dedication and take-or-pay commitments under a long-term gas handling agreement. The first phase of the Project includes a 150 million cubic feet [Read more]
Whitecap Resources Inc. Announces Closing of Senior Secured Notes and Provides Operational Update
CALGARY, May 31, 2017 /CNW/ - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX: WCP) is pleased to announce that it has closed an issuance of Cdn$200 million senior secured notes which have an annual coupon rate of 3.54% and mature in 7 years on May 31, 2024. The notes were issued by way of a private placement, pursuant to a note purchase agreement and rank equally with Whitecap's obligations under its bank facilities. Proceeds from the notes will be used to repay a portion of [Read more]
Shell Canada statement on oil sands divestment
CALGARY, May 31, 2017 /CNW/ - A statement from Shell Canada President and Country Chair Michael Crothers on the completion of two previously announced agreements that will see Shell sell the majority of its oil sands interests and all of its in-situ interests in Canada: "Shell has built safe, responsible and competitive oil sands mining and in-situ businesses in Alberta over the past decades thanks to the tireless work and dedication of our staff, contractors and joint venture partners; [Read more]
Shell completes divestment of oil sands interests in Canada
CALGARY, May 31, 2017 /CNW/ - Royal Dutch Shell plc today announces the completion of two previously announced agreements by Shell Canada Energy, Shell Canada Limited and Shell Canada Resources ("Shell") that will see Shell sell all its in-situ and undeveloped oil sands interests in Canada and reduce its share in the Athabasca Oil Sands Project (AOSP) from 60% to 10%. Under the first agreement, Shell has completed the sale to a subsidiary of Canadian Natural Resources Limited ("Canadian [Read more]
Crown Capital Partners Announces $30 Million Term Loan with Marquee Energy Ltd.
CALGARY, May 31, 2017 /CNW/ - Crown Capital Partners Inc. ("Crown" or "the Corporation") (TSX: CRWN), which provides growth capital to successful mid-market companies, today announced the closing of a $30 million special situations term loan (the "Agreement") with Marquee Energy Ltd. ("Marquee") (TSXV: MQX). Marquee is a Calgary-based company engaged in the acquisition, exploration, development and production of petroleum and natural gas reserves focused in western Canada. Marquee's [Read more]
Trilogy Energy Corp. Completes Sale of Certain Assets in the Grande Prairie Area of Alberta for $50 Million
CALGARY, May 30, 2017 /CNW/ - Trilogy Energy Corp. ("Trilogy") (TSX – TET) is pleased to announce that it has completed its previously announced sale of certain Valhalla assets in the Grande Prairie area of Alberta for cash consideration of $50 Million, with the proceeds to be used to reduce Trilogy's indebtedness under its revolving credit facility. About Trilogy Trilogy is a petroleum and natural gas-focused Canadian energy corporation that actively develops, produces and sells natural [Read more]
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