BOE Report

Pacific acquires the remaining 50% working interest in the CPE-6 Block; Increasing production, cash flow and net reserves, without an immediate cash outlay

TORONTO, Dec. 21, 2015 /CNW/ - Pacific Exploration & Production Corp. (TSX: PRE) (BVC: PREC) is pleased to announce that its wholly-owned subsidiary Meta Petroleum Corporation ("Meta") has reached an agreement (the "Agreement") with Talisman Colombia Oil & Gas Ltd. ("Talisman") to acquire the remaining 50% working interest held by Talisman in the CPE-6 Block (the "Block") in Colombia. Ronald Pantin, Chief Executive Officer of the Company, commented:  "This acquisition consolidates an important [Read more]

Enerplus Completes Sale of Non-Operated Interests in North Dakota

CALGARY, Dec. 21, 2015 /CNW/ - Enerplus Corporation ("Enerplus" or the "Company") (TSX & NYSE: ERF) is pleased to announce completion of the previously announced divestment of a portion of its non-operated interests in North Dakota for cash proceeds of approximately $80 million, after closing adjustments. These interests comprise less than 2% of Enerplus' net acreage in North Dakota. The proceeds from this transaction will be used to reduce the Company's outstanding bank debt. This [Read more]

Union Gas calls on MOECC to uphold “polluter pays” principle

 Files Response to Proposed Order Addressing Contamination in East Hamilton CHATHAM, ON, Dec. 18, 2015 /CNW/ - Union Gas today called on the Ministry of Environment and Climate Change (MOECC) to uphold the government's "polluter pays" principle regarding a contamination issue in east Hamilton. The company responded to a proposed MOECC order that would hold the company and other neighbouring property owners accountable for the cost of investigating and addressing contamination in east [Read more]

Union Gas Receives Approval to Transport Competitively-Priced Natural Gas from Ohio to Ontario on Proposed NEXUS Pipeline

CHATHAM, ON, Dec. 18, 2015 /CNW/ - Union Gas today received approval from the Ontario Energy Board (OEB) for  a 15-year contract to move natural gas from supply basins located near Ohio, into the Union Gas Dawn Hub on the proposed NEXUS Gas Transmission system (NEXUS), starting November, 2017. Over the past five years, there has been a significant increase in the development and production of natural gas within the Appalachian Basis in Ohio and Pennsylvania. The proposed NEXUS project, which [Read more]

Expanded coal gas pre-drainage service capability announced by WellDog

BRISBANE, Australia, Dec. 18, 2015 /CNW/ -- WellDog released today the third generation of its GasMapper coal gas assessment service, extending the successful service to use in the slim boreholes used widely by the coal mining industry. The service enables coal miners to reduce greenhouse gas emissions and increase mine safety by quickly and accurately identifying where carbon dioxide and methane occur in coal seams targeted for mining and how those gases can be drained safely and quickly prior [Read more]

Enerplus Announces Cash Dividend for January 2016

CALGARY, Dec. 18, 2015 /CNW/ - Enerplus Corporation ("Enerplus") (TSX: ERF) (NYSE: ERF) announces that a cash dividend in the amount of CDN$0.03 per share will be payable on January 15, 2016 to all shareholders of record at the close of business on December 31, 2015. The ex-dividend date for this payment is December 29, 2015. The CDN$0.03 per share dividend is equivalent to approximately US$0.02 per share if converted using the current Canadian/US dollar exchange rate of 0.7158. The U.S. [Read more]

Petromin sets the record straight on inaccurate and misleading dissident circular

VANCOUVER, Dec. 17, 2015 /CNW/ - Petromin Resources Ltd. ("Petromin" or the "Company") wishes to clarify various inaccuracies recently published in a dissident proxy circular dated December 4, 2015 (the "Dissident Circular") by Ivano DeCotiis in support of the nomination of himself and others (collectively, the "Dissidents") as directors of Petromin. BACKGROUND In the first quarter of 2015 the Dissidents participated in a private placement by the Company, subsequently approaching the [Read more]

TransCanada's Revised Energy East Application More Than Doubles Number of Oil Tankers in Bay of Fundy and along U.S. East Coast

Over 75% of Energy East Pipeline Capacity Would be Exported out of Saint John SAINT JOHN, NB, Dec. 17, 2015 /CNW/ - TransCanada's revised Energy East pipeline application filed today would more than double the number of oil tankers carrying tar sands oil through the Bay of Fundy and down the coast of the United States from 115 to more than 280 per year. Meanwhile, more than 75 per cent of the total pipeline capacity – or more than 800,000 barrels per day - would be exported out of one [Read more]

Open letter to the Right Honourable Prime Minister Trudeau

Re: Fixing the Broken Review Process for Tar Sands Pipelines WENDAKE, QC, Dec. 17, 2015 /CNW Telbec/ - Kindly accept our sincere congratulations on your election victory. There are real opportunities now for the federal government to finally recognize First Nations' rightful place at the core of Canada's past and its future. One such opportunity is the critical roadmap provided in the Final Report of the Truth and Reconciliation Commission (TRC). We are pleased that your Government is [Read more]

Madalena Comments on Relaxation of Currency Controls in Argentina

CALGARY, Dec. 17, 2015 /CNW/ - Madalena Energy Inc. (TSX-V: MVN and OTCQX: MDLNF) (the "Company" or "Madalena") does not anticipate the Argentina government's recently announced relaxation of currency controls and a move to only one exchange rate to have a negative impact on Madalena's operations and overall business plan in Argentina. On November 23, 2015, the Argentine Republic elected a new center-right government. Based on the campaign platform it was largely expected that currency [Read more]