CALGARY, ALBERTA--(Marketwired - Dec. 21, 2015) - The Minnesota Public Utilities Commission (Commission) voted, at its most recent hearing on December 17, 2015, on several matters regarding the process to review the applications for a certificate of need and route permit for Enbridge Energy Partners, L.P.'s ("EEP") proposed Sandpiper pipeline and EEP's portion of the Line 3 pipeline replacement project ("L3R"). The L3R project encompasses replacement of all segments of Line 3 between Hardisty, [Read more]
Lightstream Announces Resignation From Board of Directors
CALGARY, ALBERTA--(Marketwired - Dec. 21, 2015) - Lightstream Resources Ltd. (the "Company" or "Lightstream") (TSX:LTS) announces that Mr. Craig Lothian has resigned from the Company's Board of Directors, effective December 21, 2015. The Board of Directors of Lightstream, comprised of Ian Brown, Martin Hislop, Kenneth R. McKinnon, Corey C. Ruttan, W. Brett Wilson and John D. Wright, thank Mr. Lothian for his contribution to the Board and wish him well in his future endeavours. Lightstream [Read more]
NatureBank Closes First Tranche of Private Placement
VANCOUVER, BC--(Marketwired - December 21, 2015) - NatureBank Asset Management Inc. (the "Company") (TSX VENTURE: COO) (FRANKFURT: 9EA) is pleased to announce that it has closed the first tranche of its non-brokered private placement for $361,575, consisting of both secured and unsecured convertible debentures (the "Debentures") of the Corporation (the "Debenture Offering"). On November 6, 2015 the Company announced its intention to raise up to $750,000 of convertible debentures.The Debentures [Read more]
Vital Energy Inc.: News Release
CALGARY, ALBERTA--(Marketwired - Dec. 21, 2015) - Vital Energy Inc. ("Vital" or the "Corporation") (TSX VENTURE:VUX) announced today its intention to complete a non-brokered private placement offering of 8% secured convertible debentures in the principal amount of up to $2,500,000. The debentures will bear interest at the rate of eight percent (8%) per annum, calculated and paid quarterly and will mature on the date that is two years from the date of issuance. The debentures will be secured [Read more]
Inter Pipeline Announces Capital Expenditure Program for 2016
CALGARY, ALBERTA--(Marketwired - Dec. 21, 2015) - Inter Pipeline Ltd. ("Inter Pipeline") (TSX: IPL) announced today a $250 million capital expenditure program for 2016, primarily directed towards its conventional oil gathering and oil sands transportation businesses. Organic growth projects are expected to account for approximately $190 million of total capital expenditures, with sustaining capital requirements accounting for the remainder. As expected, Inter Pipeline's 2016 capital program [Read more]
Petrolia Wishes to Address Certain Comments Held by Quebec’s Prime Minister
QUÉBEC CITY, QUÉBEC--(Marketwired - Dec. 21, 2015) - Pétrolia (TSX VENTURE:PEA) wishes to rectify certain comments made by Québec's Premier and make certain clarifications concerning the nature of the agreements pertaining to the exploration on Anticosti Island. Pétrolia also wishes to state that it intends to respect and ensure full compliance with the agreements that bind it to its partners and expects the Government of Québec to demonstrate the same [Read more]
Petro River Oil Corp. Provides Update on Horizon Energy Partners’ Oil & Gas Interests Adjacent to Wytch Farm
NEW YORK, NY--(Marketwired - Dec 21, 2015) - Petro River Oil Corp. (OTCBB: PTRCD) (OTCBB: PTRC) ("Petro River" or the "Company"), today provided an update from Horizon Energy Partners, LLC ("Horizon Energy") regarding the development progress of two separate oil and gas interests comprising approximately 28,000 acres in the Dorset area of Southern England. Petro River is currently a party to a conditional purchase agreement to acquire an interest in Horizon Energy. The Dorset [Read more]
Long Run Exploration Ltd. Announces Plan of Arrangement
CALGARY, ALBERTA--(Marketwired - Dec. 21, 2015) - Long Run Exploration Ltd. ("Long Run" or the "Company") (TSX:LRE) is pleased to announce that it has entered into a definitive arrangement agreement (the "Arrangement Agreement") with a group of investors based in the People's Republic of China (the "Purchaser") pursuant to which the Purchaser has agreed to acquire: i) all of the outstanding common shares of Long Run ("Long Run Shares") for cash consideration of $0.52 per share (the "Share [Read more]
Oil & Gas Company Men Save Thousands per Month on Rig Operations by Routing Trucks to One-Stop, Turnkey Oilfield Disposal Supercenters; New Eagle Ford Calculator Details Cost Savings
SAN ANTONIO, TX--(Marketwired - Dec 21, 2015) - Fortress Environmental Services (http://www.fortressenviro.com) announced that it is now offering a free "Eagle Ford Shale Trucking Cost Savings Calculator" that shows the Company Man at leading oil & gas companies as well as the vacuum trucking companies that support their drilling rigs how much money they can save on drive times, driver labor costs, diesel fuel consumption and truck maintenance by stopping at Fortress' local one-stop, oilfield [Read more]
Sunshine Oilsands Ltd.: Appointment of Chief Financial Officer
HONG KONG, CHINA and CALGARY, ALBERTA--(Marketwired - Dec. 20, 2015) - The Board of Directors (the "Board") of Sunshine Oilsands Ltd. (the "Corporation" or "Sunshine") (HKSE:2012) is pleased to announce the following: APPOINTMENT OF CHIEF FINANCIAL OFFICER The Corporation is pleased to announce that Mr. Qiping Men ("Mr. Men") has been appointed as the Chief Financial Officer of the Corporation with effect from December 18, 2015 (Hong Kong Time)/ December 18, 2015 (Calgary Time). Mr. [Read more]
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