CALGARY, ALBERTA--(Marketwired - March 14, 2014) - Terra Energy Corp. ("Terra" or the "Company") (TSX:TT) is pleased to announce that it has closed the second and final tranche of its the recently announced non-brokered private placement offering (the "Offering") pursuant to the issuance of: (i) 645,000 units of the Company ("Units") at a price of $0.40 per Unit; and (ii) 600,000 common shares of the Company issued on a "flow-through" basis ("Flow-Through Shares") at a price of $0.40 per [Read more]
News
Do you support Northern Gateway recommendations, Kitimat to ask residents
KITIMAT, B.C. - The district of Kitimat has released the wording of a question that will be asked of residents in an upcoming referendum on the Northern Gateway pipeline.The municipal ballot will ask eligible residents: "Do you support the final report recommendations of the Joint Review Panel (JRP) of the Canadian Environmental Assessment Agency and National Energy Board, that the Enbridge Northern Gateway Project be approved, subject to 209 conditions set out in Volume 2 of the JRP’s final [Read more]
Democrats grapple with election-year dilemma over Keystone XL oil pipeline
WASHINGTON - Democrats are grappling with an election-year dilemma posed by the Keystone XL oil pipeline.Wealthy party donors are funding candidates who oppose the project — a high-profile symbol of the political debate over climate change. But some of the party's most vulnerable incumbents are pipeline boosters, and whether Democrats retain control of the Senate after the 2014 midterm elections may hinge on them.The dilemma was highlighted Thursday as President Barack Obama's former national [Read more]
Octagon 88 Resources Announces Bluesky Gething Well Successfully Spudded
ZUG, Switzerland--(BUSINESS WIRE)--Octagon 88 Resources Inc. (OTCBB:OCTX) is pleased to announce the well 07-10-091-22W5 on the Bluesky Gething formation has been successfully spudded and is currently drilling. The well is located in the Peace River Block of NW Alberta. The Manning Projects Operator reports: -The first targeted Bluesky Gething well 07-10-091-22W5 was successfully spudded on March 10, 2014 11:39 MST time. -Drilling has commenced and will continue on the vertical leg [Read more]
Athabasca Announces the Appointment of a New Chairman and a New Director to Its Board of Directors
CALGARY, March 14, 2014 /CNW/ - Athabasca Oil Corporation (TSX: ATH) ("Athabasca" or "the Company") announces the appointment of Thomas Buchanan as Chairman of the Board of Directors (the "Board"), replacing William Gallacher, effective March 14, 2014. William Gallacher has served as Chairman of the Board since founding the Company in 2006 and was instrumental in guiding and growing Athabasca to where it is today. Mr. Gallacher has chosen to resign from Athabasca's board to concentrate on his [Read more]
Tamarack Valley Energy Ltd. Announces 67% Increase to Reserves and Exceeds 2013 Production Guidance with Record Production and Cash Flow
CALGARY, ALBERTA--(Marketwired - March 13, 2014) - Tamarack Valley Energy Ltd. (TSX VENTURE:TVE) ("Tamarack" or the "Company") is pleased to announce the results of its independent reserve evaluation as of December 31, 2013, which include a 67% increase in proved plus probable reserves to 18.684 mmboe, a proved plus probable finding and development cost of $17.57/boe and a recycle ratio of 2.3. The Company is also pleased to announce a record quarter production average of 4,336 boe/d for the [Read more]
Crude oil back above US$98 a barrel; natural gas falls near two-month low
The price of oil got a slight boost from positive U.S. economic data Thursday, while natural gas hit a nearly two-month low.Benchmark U.S. crude for April delivery rose 21 cents to US$98.20 a barrel on the New York Mercantile Exchange. On Wednesday, the Nymex contract fell $2.04 to close at US$97.99, its first close below $100 in a month.Brent crude, used to set prices for international varieties of crude, dropped 63 cents to US$107.39 on the ICE Futures exchange in London.In the U.S., retail [Read more]
Alberta Tory backbencher quits caucus; calls Redford a BULLY
EDMONTON - A Tory backbencher in Alberta has announced he is leaving Premier Alison Redford's caucus because he can no longer work with her. Len Webber told reporters in Calgary that Redford is disrespectful, a bully and — quote — "not a nice lady." Redford has been facing a backlash from a $45,000 trip to South Africa for Nelson Mandela's funeral. On Wednesday, after weeks of trying to weather the controversy, she said she had repaid the money. Webber had already announced his [Read more]
Former Obama adviser: If you reject Keystone XL, you ‘make Mr. Putin’s day’
WASHINGTON - President Barack Obama's former national security adviser says rejecting the Keystone XL pipeline would be a gift to Vladimir Putin.James Jones is testifying today at a Senate hearing on whether approving the pipeline is in the U.S. national interest.He says energy scarcity is a powerful geopolitical weapon — as evidenced now in Ukraine, and at various times in Iran and Venezuela.Naming the Russian leader personally, he says the world's bullies are watching the KXL debate, and [Read more]
The Dover Commercial Project Receives Order in Council Approval
CALGARY, March 13, 2014 /CNW/ - Athabasca Oil Corporation (TSX: ATH) ("Athabasca" or "the Company") is pleased to announce that Brion Energy Corporation ("Brion") has received approval by the Lieutenant Governor in Council for the Dover Commercial Project. The Dover Commercial Project received Order in Council approval from the Alberta cabinet on March 13, 2014. The project received conditional approval from the Alberta Energy Regulator on August 6, 2013. "The approval process has been long [Read more]