CALGARY, ALBERTA--(Marketwired - Nov. 10, 2014) - Tuscany Energy Ltd. ("Tuscany" or the "Corporation") (TSX VENTURE:TUS) announces that it plans to issue up to 2.73 million common shares of the Corporation to be issued on a flow-through basis in respect of Canadian development expenses ("CDE") (the "CDE FT Shares") at a price of $0.44 per CDE FT Share for total consideration of up to approximately $1,200,000. Tuscany will renounce to subscribers of the common shares effective on or before [Read more]
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Palliser provides update on proposed Maha amalgamation
CALGARY, Nov. 10, 2014 /CNW/ - Palliser Oil & Gas Corporation ("Palliser" or the "Company") (TSX VENTURE: PXL) announces that in order to permit Maha, Palliser and Palliser's lender to continue negotiations relative to the terms of a potential amended credit facility, the terms of the forbearance agreement between Palliser and its lender have been extended to November 28, 2014. The outside date for the proposed amalgamation of the Company and Maha pursuant to an amalgamation agreement [Read more]
Northern Blizzard Resources Inc. Announces Third Quarter 2014 Results
CALGARY, Nov. 10, 2014 /CNW/ - Northern Blizzard Resources Inc. ("Northern Blizzard" or the "Company") (TSX: NBZ) is pleased to announce its operating and financial results for the three and nine months ended September 30, 2014. Northern Blizzard's unaudited financial statements and management's discussion and analysis ("MD&A") for the three and nine months ended September 30, 2014 are available on SEDAR at www.sedar.com and on Northern Blizzard's website at [Read more]
Manitok Energy Inc. Provides a Drilling and Operational Update
CALGARY, ALBERTA--(Marketwired - Nov. 10, 2014) - Manitok Energy Inc. (the "Corporation" or "Manitok") (TSX VENTURE:MEI) is pleased to provide a drilling and operational update at Entice and Cordel-Stolberg. Entice Manitok has drilled, completed and tested a 100% working interest horizontal well at 16-32-22-25W4, testing the Lithic Glauconitic ("Glauc") formation in the southern end of Manitok's Entice Land Base ("Entice"). This is the fourth well of a planned 10 horizontal well program in [Read more]
Pipeline issues are scabs on people’s lives: Rocker Neil Young in Vancouver
VANCOUVER - Music icon Neil Young says Canadians need to stand up for clean air, land and water by taking on big oil companies because issues involving pipelines are "scabs on our lives."He said Canadians must band together to ensure the Charter of Rights and Freedoms includes the right to live in a healthy environment.Young was in Vancouver as part of the lineup of entertainers and artists including Barenaked Ladies, Feist and Robert Bateman for the last stop of the national Blue Dot Tour, [Read more]
Vermilion Energy Inc. Announces Results for the Three and Nine Months Ended September 30, 2014
CALGARY, Nov. 10, 2014 /CNW/ - Vermilion Energy Inc. ("Vermilion", "We", "Our", "Us" or the "Company") (TSX, NYSE: VET) is pleased to report operating and unaudited financial results for the three and nine months ended September 30, 2014. HIGHLIGHTS Achieved average production of 49,920 boe/d during Q3 2014, a decrease of 4% as compared to 52,089 boe/d in the prior quarter and an increase of 20% compared to 41,510 boe/d in Q3 2013. Lower quarter-over-quarter production was primarily due [Read more]
Alberta premier says he will ‘do what needs to be done’ to gain access to Asian markets
CALGARY - Alberta Premier Jim Prentice says he'll "do what needs to be done" to help move forward the controversial Northern Gateway pipeline and to gain access to Asian markets for the province's oil and gas.Prentice was asked Friday if he would take a direct role in negotiating with chiefs in the areas of northern B.C. where the pipeline is supposed to run."I'm not going to get into that today, but I'll tell you this — our prosperity in this province depends on our ability to access global [Read more]
Proposed Kitimat, B.C., LNG project to cost up to $40 billion: company
VICTORIA - A major player in British Columbia's liquefied natural gas sweepstakes has plans to spend up to $40 billion to build a proposed export facility on the province's northern coast that could generate up to $39 billion in tax revenues over its lifespan.The massive dollar figures were part of LNG Canada's environmental certificate application released Friday by the joint venture company that includes Shell Canada Energy (TSX:SHC), PetroChina, Korea Gas Corp. and Mitsubishi Corp.The B.C. [Read more]
Contact Announces Closing of Private Placement
CALGARY, ALBERTA--(Marketwired - Nov. 7, 2014) - Contact Exploration Inc. ("Contact" or the "Company") (TSX VENTURE:CEX) is pleased to announce that it has closed its previously announced brokered private placement (the "Private Placement") pursuant to which it has issued 62,215,000 common shares ("Common Shares") of the Company, which includes 8,115,000 Common Shares issued pursuant to the full exercise of the over-allotment option granted to the Underwriters (as defined below) at a price of [Read more]
Company files application to export liquefied natural gas from Nova Scotia
POINT TUPPER, N.S. - The company behind a proposed liquefied natural gas project in Nova Scotia says they have filed an application with the National Energy Board for an export licence.Bear Head LNG Corporation, a subsidy of the Australia-based Liquefied Natural Gas Ltd., says it's asking for licences to import natural gas from the United States and export liquefied natural gas for a 25-year term.If approved, the plant would be authorized to export eight million tonnes of liquefied natural gas [Read more]