Company to Spud Two Wells in December 2014 VANCOUVER, British Columbia--(BUSINESS WIRE)--Dejour Energy Inc. (NYSE MKT: DEJ / TSX: DEJ) (“Dejour” or the “Company”), an independent oil and natural gas exploration and production company operating in North America's Piceance Basin and Peace River Arch regions, updates current development progress underway at the Woodrush/Hunter Project (“Woodrush”) in NE B.C. Approval is expected to be forthcoming from the Oil and Gas Commission in the [Read more]
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Hyperion Exploration Corp. to Be Acquired by Tri-Win International Investment Group Inc.
CALGARY, ALBERTA--(Marketwired - Nov. 20, 2014) - Hyperion Exploration Corp. ("Hyperion" or the "Company") (TSX VENTURE:HYX) is pleased to announce that it has entered into an agreement (the "Arrangement Agreement") with Tri-Win International Investment Group Inc. ("Tri-Win") pursuant to which Tri-Win has agreed to purchase all of the issued and outstanding common shares of the Company (the "Common Shares") at a cash price of $0.14 per Common Share for aggregate consideration of approximately [Read more]
Blackbird Energy Inc. Announces Filing of Annual Financial Statements and Reserves Information for 2014 and Appointment of Garth Braun as Chairman
CALGARY, ALBERTA--(Marketwired - Nov. 20, 2014) - Blackbird Energy Inc. ("Blackbird" or the "Company") (TSX VENTURE:BBI) is pleased to announce that it has filed its audited financial statements and related management's discussion and analysis for the year ended July 31, 2014 on SEDAR at www.sedar.com. In addition, the Company has filed its statements of reserves data and other oil and gas information for the year ended July 31, 2014 as mandated by National Instrument 51-101 - Standards of [Read more]
The Fraser Institute: Alberta Most Attractive Canadian Jurisdiction for Global Oil and Gas Investment
CALGARY, ALBERTA--(Marketwired - Nov. 20, 2014) - On the strength of its petroleum reserves, Alberta remains the most attractive province for oil and gas investment in Canada, finds the Fraser Institute's annual Global Petroleum Survey. Based on responses from petroleum executives and managers, this year's survey ranks 156 jurisdictions worldwide on their relative attractiveness for investment. Barriers to investment include high taxes, costly regulatory obligations and uncertainty over [Read more]
Shoreline Energy Corp. Announces the Closing of Sale of Its Wattenburg Working Interests for Net Proceeds of US$4.1Million
CALGARY, ALBERTA--(Marketwired - Nov. 19, 2014) - Shoreline Energy Corp. (TSX:SEQ) ("Shoreline" or the "Corporation") is pleased to announce that it has closed the sale of its Wattenburg working interest assets for net proceeds of US$4.1 million (approximately $4.65 million Canadian Dollars based on current exchange rates) plus an interim hold back for working capital adjustments of $0.7 million USD. Shoreline is pleased to report that it has now fully repaid all of its secured credit [Read more]
Tuscany Announces Initial Closing of Private Placement
CALGARY, ALBERTA--(Marketwired - Nov. 19, 2014) - Tuscany Energy Ltd. ("Tuscany" or the "Corporation") (TSX VENTURE:TUS) is pleased to announce that it has closed the initial tranche of its previously announced non-brokered private placement (the "Private Placement") of common shares of the Corporation issued on a flow-through basis in respect of Canadian development expenses (the "CDE FT Shares"). In this initial tranche, the Corporation has issued an aggregate of 1,318,000 CDE FT Shares at a [Read more]
TransCanada to accelerate pace of dividend growth over next few years, CEO says
CALGARY - Chances are good TransCanada will get into the rail business regardless of whether its long-delayed Keystone XL pipeline is built, CEO Russ Girling said Wednesday.But how big a rail player TransCanada becomes will depend on the fate of its proposal and others, he said.For several months, TransCanada has been floating the idea of a "rail bridge" while its US$8-billion cross-border pipeline remains in regulatory limbo.TransCanada is in "active negotiations" with shippers about moving [Read more]
Octagon 88 Resources Provides November 2014 Executive Summary Including Development Plans And Feasibility Studies
ZUG, Switzerland--(BUSINESS WIRE)--Octagon 88 Resources Inc., (OTCBB:OCTX) is pleased to present the November 2014 Executive Summary, the summary is aimed to summarize completed drilling programs and future targets including feasibility studies to support Management’s near and long term goals. Summary of 2013/2014 Drilling Programs to date • March 2013 - Bluesky 8-12 91-22-W5M – Drill Vertical and Core – completed • March 2013 – Elkton 11-4 92 23 W5M – Drill Vertical and Core – [Read more]
Keystone pipeline down, but not out after Senate vote
WASHINGTON (AP) — Incoming Senate Majority Leader Mitch McConnell is promising the new Republican majority will quickly resurrect Keystone XL pipeline legislation killed by Democrats, potentially setting up an early 2015 veto confrontation with President Barack Obama. "I look forward to the new Republican majority taking up and passing the Keystone jobs bill early in the new year," the Kentucky Republican said Tuesday, shortly after the bill fell one vote short of the 60 votes needed to [Read more]
Keystone XL bill fails in Senate
WASHINGTON (AP) - The Democrat-controlled Senate has defeated a bill to approve the Keystone XL oil pipeline. The Senate's 59-41 vote Tuesday night was a nail-biter to the end. The bill needed 60 votes to reach the White House. The House passed it overwhelmingly last week. President Barack Obama did not support the bill, but the White House has been mum on whether or not he will veto it. Democrat Sen. Mary Landrieu pushed for the vote in an effort to save her seat in a Dec. 6 runoff [Read more]