CALGARY, ALBERTA--(Marketwired - Jan. 28, 2015) - Mapan Energy Ltd. ("Mapan" or the "Company") (TSX VENTURE:MPG) is pleased to announce its 2014 year-end reserves. Mapan's independent reserve report (the "GLJ report") was prepared by GLJ Petroleum Consultants ("GLJ") in accordance with National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities ("NI 51-101") with an effective date of December 31, 2014. Highlights The Company's Proved Reserves increased from the March 31, [Read more]
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Inter Pipeline Announces Completion of Cold Lake and Polaris Pipeline Expansion Projects
CALGARY, ALBERTA--(Marketwired - Jan. 28, 2015) - Inter Pipeline Ltd. ("Inter Pipeline") (TSX:IPL) is pleased to announce that it has completed construction activity on two major expansion projects on its Cold Lake and Polaris pipeline systems. These projects will provide transportation service to the Foster Creek and Christina Lake oil sands projects owned by the FCCL Partnership ("FCCL"), a business venture between Cenovus Energy and ConocoPhillips. As a result, Inter Pipeline will begin [Read more]
Palliser Oil & Gas Corporation Reports 2014 Year End Reserves, Operations Update, and Corporate Update
Calgary, Alberta / ACCESSWIRE / January 28, 2015 / Palliser Oil & Gas Corporation ("Palliser" or the "Company") (TSX VENTURE: PXL) would like to provide information on its oil and gas reserves as of December 31, 2014 and an operations and corporate update. Reserves Summary Palliser's reserves have been independently evaluated by the Corporation's independent reserve engineering firm, Sproule Unconventional Limited ("Sproule"). The reserves were evaluated in accordance with [Read more]
CaiTerra International Energy Corporation Provides Year-End Update
CALGARY, ALBERTA--(Marketwired - Jan. 28, 2015) - CaiTerra International Energy Corporation (TSX VENTURE:CTI) ("CaiTerra" or the "Company") is pleased to provide a year-end update, announce the appointment of Ms. Perla Woo as President of the Company, and announce the filing of its financial and operating results as at and for the year ended September 30, 2014 and filing of its 51-101F1 reserves report. CORPORATE AND OPERATIONS UPDATE Faust Since the Company's acquisition of its 39.5 [Read more]
StonePoint Energy Announces Activity Update and New Corporate Presentation
CALGARY, ALBERTA--(Marketwired - Jan. 28, 2015) - StonePoint Energy Inc. (TSX VENTURE:STO) ("StonePoint" or the "Company") is pleased to announce the following activity update. Since closing the private placement on October 2, 2014, the Company has focussed on its core strategy of acquiring assets in the greater Peace River Arch and Deep Basin areas. With the rapidly changing commodity price environments, the Company has continued to aggressively evaluate and pursue production acquisitions and [Read more]
Ivanhoe Energy provides update on initiatives to obtain additional financing and the status of the interest payment on convertible debentures
VANCOUVER, Jan. 28, 2015 /CNW/ - Ivanhoe Energy Inc. (TSX: IE; NASDAQ: IVAN) (TSX: IE.DB) today announced that the company continues to be actively engaged in discussions with various stakeholders to recapitalize the company. Strategic and financial alternatives under consideration are focused on relieving the financial burden of the company's current debt structure and obtaining additional financing necessary to fund ongoing operations. There can be no assurance that the current process will [Read more]
Coral Hill Announces Receipt of Notice of Termination of Aspenleaf Arrangement
CALGARY, ALBERTA--(Marketwired - Jan. 28, 2015) - Coral Hill Energy Ltd. ("Coral Hill") announces that subsequent to the approval of the Court of Queen's Bench of Alberta yesterday for the final order approving the arrangement and the receipt of other items in satisfaction of the conditions precedent to closing of the arrangement, including, among other things, the approval of 99.91% of the Coral Hill securityholders in favor of the arrangement, the consent of Coral Hill's lenders for the change [Read more]
Imperial Oil evaluating future of its 500 company-owned gas stations
CALGARY - Imperial Oil Ltd. (TSX:IMO) is thinking about selling 500 gas stations to partners who would continue to sell fuel under the Esso brand.Roughly two-thirds of Imperial's 1,700 Esso stations across Canada have been operating under what it calls a "branded wholesaler" model for about 15 years. The Calgary-based company said Wednesday it's looking into whether it makes sense to do the same with the remainder.Imperial, majority owned by U.S. energy giant ExxonMobil Corp., would supply fuel [Read more]
Pembina Pipeline Corporation Announces $600 Million Public Note Offering
CALGARY, Jan. 28, 2015 /CNW/ - Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL, NYSE: PBA) announced today that it has agreed to offer $600 million of senior unsecured medium-term notes (the "Offering"). The Offering will be conducted in two tranches consisting of $450 million in senior unsecured medium-term notes, series 5 (the "Series 5 Notes") having a fixed coupon of 3.54% per annum, paid semi-annually, and maturing on February 3, 2025, and $150 million through the [Read more]
NAFTA environment watchdog won’t probe oilsands tailings ponds
The three countries that run the North American Free Trade Agreement's environmental watchdog have voted against an investigation into how Canada oversees Alberta's oilsands.The unanimous decision by Canada, Mexico and the United States comes despite recommendations from staff at the Commission on Environmental Co-operation. They had concluded there were enough questions about how environmental rules are enforced on oilsands tailings ponds to justify an investigation.The commission was created [Read more]