CALGARY, Feb. 25, 2014 /CNW/ - Yangarra Resources Ltd. ("Yangarra" or the "Company") (TSXV:YGR) announces the appointment of Neil Mackenzie and Ted Morton as independent members of the Board of Directors. Neil MacKenzie is an independent businessman, with more than forty-five years of oil and gas experience. Mr. MacKenzie is a director of various public companies, including Canyon Technical Services, and currently a partner in Blackstone Fluids, an oil and gas drilling fluids company. Mr. [Read more]
NEB Releases Final Audit Report into TransCanada Pipelines Integrity Management Program
CALGARY, Feb. 24, 2014 /CNW/ - The National Energy Board (NEB or the Board) today released its final report detailing its audit of TransCanada PipeLines Limited's (TransCanada) Integrity Management Program. The Board finds that TransCanada has identified the majority, and most significant, of its hazards and risks, however there are areas where the company was found to be out of compliance. TransCanada will be required to submit a corrective action plan for Board approval within 30 days of this [Read more]
Longview Announces Passing of President and Chief Executive Officer
CALGARY, Feb. 24, 2014 /CNW/ - Longview Oil Corp. ("Longview") announces with much regret and profound sadness the sudden death while cross-country skiing in Canmore, Alberta this weekend of Kelly Drader, the President and Chief Executive Officer and a director of Longview. He will be missed. Mr. Steven Sharpe, Chairman of Longview, has been appointed as interim Chief Executive Officer of Longview until such time as a suitable successor is appointed. [Read more]
Marquee Energy Ltd. announces acquisition to further consolidate its oil focused Michichi core area, operations update, and upward revision to 2014 guidance
CALGARY, Feb. 24, 2014 /CNW/ - Marquee Energy Ltd. ("Marquee" or the "Company") (TSXV: MQL) is pleased to announce that it has entered into an agreement with Paramount Resources Ltd. ("Paramount") to acquire from Paramount (the "Acquisition") certain low decline, operated, producing assets (the "Assets") contiguous with the Company's operations at Michichi. The Assets are estimated by Marquee's management to have annualized 800 boe/d of production and include 120 net sections of land with 50 net [Read more]
Brion Energy Corporation and the community of Fort McKay reach agreement on Dover Commercial Project
CALGARY, Feb. 21, 2014 /CNW/ - Brion Energy Corporation (Brion) and the community of Fort McKay have reached an agreement on the development of the Dover Commercial Project, northwest of Fort McMurray, Alberta. As part of the agreement, the Fort McKay First Nation has agreed to remove all of its objections as they pertain to the Alberta Energy Regulator's (AER) approval of the Dover Commercial Project. "I'm pleased Brion and the community of Fort McKay have continuously worked to reach a [Read more]
Enerplus Exceeds Operating & Financial Targets for 2013
CALGARY, Feb. 21, 2014 /CNW/ - Enerplus Corporation ("Enerplus") (TSX: ERF) (NYSE: ERF) is pleased to announce fourth quarter 2013 results as well as 2013 year-end operating and financial results. 2013 KEY TAKEAWAYS: Funds flow per share grew by 14% Production grew by 9%, exceeding guidance in spite of non-core asset sales Proved plus probable reserves were up 17% year-over-year, replacing 284% of 2013 production Capital spending, operating costs and general and administrative costs [Read more]
Cequence Energy announces 24% growth in reserves and Ansell update
CALGARY, Feb. 21, 2014 /CNW/ - Cequence Energy Ltd. ("Cequence" or the "Company") (TSX: "CQE") is pleased to announce its 2013 year end reserves and an update of its preliminary drilling results at its Ansell property. Reserve Highlights Cequence's 2013 year end reserves reflect a continued successful delineation of its Simonette property in the Deep Basin of Alberta. The growth in reserves further substantiates management's views that the Company's assets contain significant resource [Read more]
NEB Approves Jordan Cove LNG Natural Gas Export License
CALGARY, Feb. 20, 2014 /CNW/ - The National Energy Board (NEB or Board) approved an application for a 25 year natural gas export licence to Jordan Cove LNG L.P. (Jordan Cove LNG) to export natural gas. The license is for a maximum term amount of 442.68 109 m3. The approved export points are existing natural gas pipelines that cross the Canada/US border near Kingsgate and Huntingdon, BC. Issuance of the licence to export natural gas is subject to the approval of the Governor in Council [Read more]
Longview Provides Update on Unsolicited Non-Binding Proposal
CALGARY, Feb. 19, 2014 /CNW/ - As previously announced on February 10, 2014, Longview Oil Corp. ("Longview") received an unsolicited non-binding proposal (the "Proposal") from a public oil and gas company (the "Interested Party") to purchase all of the issued and outstanding shares of Longview ("Longview Shares"). Upon receipt of the Proposal, the Board of Directors of Longview (the "Longview Board") appointed a Special Committee of independent directors (the "Special Committee") to consider the [Read more]
National Energy Board responds to gas pipeline rupture north of Rocky Mountain House, AB
CALGARY, Feb. 18, 2014 /CNW/ - The National Energy Board (NEB or Board) is responding to a pipeline rupture on the Nova Gas Transmission Ltd (NGTL) pipeline system approximately 10 kilometres north of Rocky Mountain House, AB owned and operated by TransCanada PipeLines Limited (TransCanada). The release was reported to the NEB early this morning. The size of the release has yet to be determined. There is no immediate safety concern for local residents and precautions are being taken to ensure [Read more]
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