EDMONTON - Alberta has extended its climate-change regulations, including the carbon levy on large emitters, for another six months.The regulations had been set to expire at the end of the year but will now be kept in force through June 2015.Premier Jim Prentice had promised the changes by the end of the year, but said Friday that more time is needed to analyze options on a revised climate-change framework.Alberta currently has a $15 per tonne levy on carbon for large emitters.The province is [Read more]
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Chinook Energy Announces Closing of Gilby Asset Disposition
CALGARY, ALBERTA--(Marketwired - Dec. 19, 2014) - Chinook Energy Inc. (TSX:CKE) ("Chinook") is pleased to announce that, further to its news release dated December 2, 2014, it has completed the disposition of certain assets located in the Gilby area of Alberta for gross proceeds of $30.8 million, before customary closing adjustments, with an effective date of July 1, 2014. Chinook will exit 2014 undrawn on its $125 million credit facility. About Chinook Energy Inc. Chinook is a [Read more]
Toro Announces Closing of Strategic Acquisition of Alberta Viking Asset Arrangement of $25 Million Credit Facility
CALGARY, ALBERTA--(Marketwired - Dec. 19, 2014) - Toro Oil & Gas Ltd. (TSX VENTURE:TOO) ("Toro" or the "Company") is pleased to report the previously announced acquisition of high quality, low decline, Viking light crude oil producing assets located in east central Alberta (the "Assets") closed today. Total consideration of $25.0 million was satisfied through a cash payment of $22.5 million and the issuance of 1,191,895 common shares of the Company, exclusive of normal closing [Read more]
Obama on whether he’d consider Republican Keystone bill: ‘I’ll see what they do’
WASHINGTON - U.S. President Barack Obama spent five minutes disparaging the potential benefits of the Keystone XL pipeline Friday. He then kept it alive with five words.At a wide-ranging year-end news conference Friday, Obama maintained his recent pattern of expressed skepticism about the project: He played down its job potential, said it wouldn't lower gas prices for Americans and, employing the language of pipeline opponents, said it would merely help Canadian "tar sands" companies export [Read more]
PrairieSky Royalty Announces Closing of Range Royalty Acquisition and Confirms Dividend Increase
CALGARY, ALBERTA--(Marketwired - Dec. 19, 2014) - PrairieSky Royalty Ltd. ("PrairieSky") (TSX:PSK) is pleased to announce that it has completed the previously announced acquisition of Range Royalty Limited Partnership ("Range"). With closing of the transaction, PrairieSky acquired approximately 3,000 boe/d (40% liquids) of high quality royalty production and 3.5 million acres of royalty lands. With closing of the Range acquisition, PrairieSky has increased its annual dividend from $1.27 per [Read more]
Artisan Energy Closes $5.4 Million Brokered Flow-Through Share Private Placement
CALGARY, ALBERTA--(Marketwired - Dec. 19, 2014) - Artisan Energy Corporation ("Artisan") (TSX VENTURE:AEC) is pleased to announce that it has closed its previously announced brokered private placement of common shares to be issued on a "flow-through" basis pursuant to the Income Tax Act (Canada) (the "Tax Act") in respect of Canadian exploration expenses (the "CEE Shares"), which was conducted on a best efforts agency basis by Integral Capital Markets, a division of Integral Wealth Securities [Read more]
Steep oil plunge slams Russia, Venezuela but US, China other big economies stand to benefit
NEW YORK - Oil's plunge is spreading both pain and gain across the globe.The price of a barrel has fallen by about half since June, punishing the economies of some major exporters. Russia's currency has nose-dived, for instance, and investors worry Venezuela could default on its debt.For countries that consume a large amount of the world's oil, it's a different story. The world's four biggest economies — U.S., China, Japan and that of the European Union — all benefit from lower oil [Read more]
Forent Energy Announces Significant Acreage in Heathdale, Alberta
CALGARY, ALBERTA--(Marketwired - Dec. 19, 2014) - Forent Energy Ltd. ("Forent" or the "Company") (TSX VENTURE:FEN) is pleased to provide an update on corporate activity and a new corporate presentation, which is available at www.forentenergy.com. HEATHDALE AREA Over the past year, Forent has quietly accumulated over 54 sections (1.5 townships) of petroleum and natural gas mineral rights in the emerging Heathdale area. The majority of the highly perspective acreage has all petroleum and [Read more]
Delphi Energy Announces Increased Credit Facility
CALGARY, ALBERTA--(Marketwired - Dec. 19, 2014) - Delphi Energy Corp. (TSX:DEE) ("Delphi" or the "Company") is pleased to provide the following update. CREDIT FACILITIES Delphi's lenders (National Bank of Canada, Bank of Nova Scotia and Alberta Treasury Branches) have completed their semi-annual review of the Company's senior credit facility resulting in a $20.0 million increase in the facility to $190.0 million. The increase to the credit facility will be effective December 18, 2014. All [Read more]
Keyera to Participate as a 60% Owner in New Gas Plant in West Pembina Area
CALGARY, Dec. 19, 2014 /CNW/ - Keyera Corp. (TSX:KEY) ("Keyera") announced today that it has agreed to participate as a 60% owner in the Zeta Creek gas plant (the "Plant"), being constructed by Velvet Energy ("Velvet") in the West Pembina area of Alberta. Keyera will be the operator of the Plant, which will have a licensed capacity of 54 million cubic feet per day of sweet gas and be able to extract natural gas liquids. As part of the transaction, Keyera will also participate as a 75% owner [Read more]