CALGARY, ALBERTA--(Marketwired - Feb. 27, 2014) - Questerre Energy Corporation ("Questerre" or the "Company") (TSX:QEC)(OSLO:QEC) reported today on recent developments in Quebec. The committee responsible for conducting the Strategic Environmental Assessment ("SEA") on shale gas development released its synthesis report last week. The findings from this report will lay the groundwork for the next stage of the assessment of the shale gas industry. This will be a series of public consultations [Read more]
Alexander Energy Ltd. Announces Effective Date of Share Consolidation and Name Change
CALGARY, ALBERTA--(Marketwired - Feb. 26, 2014) - Alexander Energy Ltd. (TSX VENTURE:ALX) ("Alexander" or the "Corporation") is pleased to announce that it has implemented its previously approved consolidation of the common shares of the Corporation (the "Common Shares") on the basis of one new Common Share for four existing Common Shares (the "Consolidation") and a name change to "Spartan Energy Corp." (the "Name Change"). The Consolidation and Name Change were approved at the special meeting [Read more]
Chinook Energy Inc. Announces its December 31, 2013 Reserves, Operations Update and Renewal of Credit Facilities
CALGARY, ALBERTA--(Marketwired - Feb. 26, 2014) - Chinook Energy Inc. ("Chinook" or the "Company") (TSX:CKE) today announced the results of its year-end reserve evaluations effective December 31, 2013 as prepared by its independent evaluators. The Company has also provided an operations update and an update on the renewal of its credit facilities. Chinook's audit of its 2013 annual consolidated financial statements is not yet complete and accordingly all financial amounts referred to in this [Read more]
Mooncor Oil & Gas and Birch Lake Energy Announce Proposed Acquisition of Birch Lake by Mooncor
TORONTO, ONTARIO and CALGARY, ALBERTA--(Marketwired - Feb. 26, 2014) - Mooncor Oil & Gas Corp. ("Mooncor") (TSX VENTURE:MOO) and Birch Lake Energy Inc. ("Birch Lake") (TSX VENTURE:BLK) are pleased to announce that they have entered into a non-binding letter agreement (the "LOI") for the arm's length acquisition by Mooncor of 100% of the common shares of Birch Lake Energy Inc. ("Birch Lake") (TSX VENTURE:BLK). Pursuant to the terms of the LOI, the acquisition is subject to completion of [Read more]
Yoho Resources Inc. Announces Fiscal Q1 2014 Financial Results
CALGARY, ALBERTA--(Marketwired - Feb. 26, 2014) - Yoho Resources Inc. ("Yoho" or the "Company") (TSX VENTURE:YO) has filed today on SEDAR the financial statements for the three months ended December 31, 2013 and the related managements' discussion and analysis ("MD&A"). Copies of these documents may be found on www.sedar.com. Highlights Subsequent to fiscal Q1 2014, Yoho completed a transaction to sell its assets at Nig, British Columbia to Storm Resources Ltd. ("Storm") for a total [Read more]
Canadian Spirit Resources Inc. Announces Shareholder Vote and Conversion of $3.0 Million Debenture
CALGARY, ALBERTA--(Marketwired - Feb. 26, 2014) - Canadian Spirit Resources Inc. (TSX VENTURE:SPI)(OTCBB:CSPUF) ("CSRI" or the "Corporation") is pleased to announce the results of the shareholder vote associated with the Annual General and Special Meeting of the Corporation held on February 19, 2014. Over 75% of the Corporation's shareholders voted and in excess of 95% voted in favour of each matter acted upon at the meeting, including the approval of Elmag Investments Inc. ("Elmag") as a [Read more]
Terra Energy Increases Private Placement to $2 Million of Units and Flow-Through Shares
CALGARY, ALBERTA--(Marketwired - Feb. 25, 2014) - Terra Energy Corp. ("Terra" or the "Company") (TSX:TT) is pleased to announce that due to strong demand, the Company has increased the size of the recently announced non-brokered private placement offering from $1.25 million to $2 million of units of the Company ("Units") and common shares of the Company to be issued on a "flow-through" basis ("Flow-Through Shares"), at a price of $0.40 per Unit and $0.40 per Flow-Through Share, resulting in the [Read more]
BlackPearl Announces $70 Million Bought Deal Equity Offering, $10 Million Private Placement of Common Shares and Expansion of Its Credit Facilities to $150 Million
CALGARY, ALBERTA--(Marketwired - Feb. 25, 2014) - BlackPearl Resources Inc. ("BlackPearl" or the "Company") (TSX:PXX)(OMX:PXXS) is pleased to announce that it has entered into an agreement with a syndicate of underwriters led by FirstEnergy Capital Corp. (together, the "Underwriters") under which they have agreed to purchase for resale to the public, on a bought deal basis, 26,500,000 common shares of BlackPearl ("Common Shares") at $2.65 per share for aggregate gross proceeds of $70,225,000. [Read more]
Quattro Continues Strong Advances on Its Business Plan and Provides 2014 Guidance and Operational Update
CALGARY, ALBERTA--(Marketwired - Feb. 25, 2014) - Quattro Exploration And Production Ltd. (TSX VENTURE:QXP) ("Quattro" or the "Company") is pleased to provide guidance on its current operations. The Company continues with the integration of the asset acquisitions completed in 2013 and is tracking towards its projected average production rate of 1,250 boepd in the 1st quarter of 2014. The production gains are anticipated to be achieved through a combination of remediation work and consolidation [Read more]
Questfire Energy Corp. Announces Changes to Board of Directors
CALGARY, ALBERTA--(Marketwired - Feb. 24, 2014) - NOT FOR DISSEMINATION IN THE UNITED STATES OR TO U.S. PERSONS Questfire Energy Corp. (the "Corporation" or "Questfire") (TSX VENTURE:Q.A)(TSX VENTURE:Q.B) regretfully announces the passing of Kelly Drader, a director of the Corporation. Mr. Drader had been a director since June of 2013 and was Chairman of the Audit Committee. Questfire's board of directors now consists of five directors. Questfire appointed [Read more]
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