PEACE RIVER, ALBERTA--(Marketwired - Oct. 24, 2014) - Strata Oil & Gas Inc. (OTCQB:SOIGF) announced today that it has submitted its Oil Sands Exploration plan application to the Crown for its drilling program on Strata's 100%-interest Cadotte/Cadotte-West land blocks in the Peace River region of Alberta. The proposed drilling program covers 11 distinct drilling targets and will test for cold production. To view the photo accompanying this press release please click on the following link: [Read more]
News
Shoreline Energy Corp. Announces Settlement Agreement With a Creditor
CALGARY, ALBERTA--(Marketwired - Oct. 24, 2014) - Shoreline Energy Corp. (TSX:SEQ) ("Shoreline" or the "Corporation") is pleased to announce that it has entered into a settlement agreement (the "Settlement Agreement") with a senior creditor (the "Creditor"). The Settlement Agreement provides that Shoreline pay the Creditor $2.5 million immediately upon execution of the Settlement Agreement and an additional $3 million on or before December 31, 2014. The Settlement Agreement further provides that [Read more]
Enbridge stands ground, tells National Energy Board that Line 9 design is safe
CALGARY - Enbridge Inc. (TSX:ENB) insists in a regulatory filing that its design for the Line 9 pipeline through southern Ontario has the right shut-off valve configuration to minimize the risk to waterways and reservoirs in the event of a rupture.The Calgary-based company was responding to the National Energy Board's decision to delay a restart of the pipeline because it's "not persuaded" that Enbridge has met one of the the conditions attached to the NEB's approval of the project.Line 9 had [Read more]
Delphi Energy Provides Operations Update
CALGARY, ALBERTA--(Marketwired - Oct. 23, 2014) - Delphi Energy Corp. (TSX:DEE) ("Delphi" or the "Company") is pleased to provide the following update. BIGSTONE MONTNEY Delphi has successfully completed its sixth Montney horizontal well of 2014 at 3-26-59-23 W5M ("3-26") in East Bigstone. The 3-26 well (100 percent working interest) was drilled to a total depth of 5,593 metres with a horizontal lateral length of 2,601 metres and stimulated with a 30 stage slickwater hybrid completion. The [Read more]
National Energy Board Rules on Trans Mountain Motion
CALGARY, Oct. 23, 2014 /CNW/ - The National Energy Board (the Board) issued an order today granting Trans Mountain access to Burnaby Mountain to complete technical studies related to the company's proposed pipeline. The order prevents the City of Burnaby from blocking Trans Mountain from carrying out the required surveys and technical studies. The Board also ruled that it has the legal authority to consider constitutional questions relating to its own jurisdiction. In the ruling, the Board [Read more]
Cenovus, Husky take oil price drop in stride, stress flexibility is key
CALGARY - Executives with two big Canadian oil companies are taking recent oil price weakness in stride, signalling no immediate plans to throttle back spending, but ensuring they have the flexibility to do so if needed.Cenovus Energy Inc. (TSX:CVE) and Husky Energy Inc. (TSX:HSE) are both in the midst of finalizing their capital budgets in 2015, with details set to be unveiled in December.Cenovus CEO Brian Ferguson gave a glimpse Thursday of what next year's budget will look like — roughly the [Read more]
No need for Kinder Morgan to register as third party advertiser: Elections BC
VANCOUVER - Elections BC says energy giant Kinder Morgan does not need to register as a third-party advertiser in the province's civic election campaign.A Vancouver-area member of Parliament asked Elections BC look into the issue, saying Kinder Morgan is running advertisements about the Trans Mountain pipeline expansion during the municipal election period.Burnaby-Douglas New Democrat MP Kennedy Stewart said the pipeline proposal is a key campaign issue for several municipalities and he [Read more]
Tuscany Announces Normal Course Issuer Bid
CALGARY, ALBERTA--(Marketwired - Oct. 23, 2014) - Tuscany Energy Ltd. (TSX VENTURE:TUS) announced that it has filed with the TSX Venture Exchange (the "Exchange") a Notice of Intention to make a Normal Course Issuer Bid (the "Bid") to purchase for cancellation, from time to time, as it considers advisable, up to 2,300,000 of the issued and outstanding Common Shares (being approximately 5% of the 46,130,892 Common Shares outstanding at October 23, 2014. Purchases will be made on the open market [Read more]
Husky Energy On Track with Third Quarter Results
CALGARY, ALBERTA--(Marketwired - Oct. 23, 2014) - Husky Energy (TSX:HSE) delivered another steady performance in the third quarter, with its balanced growth and focused integration strategy contributing to predictable results. "With all areas of our business, we are carefully staging our activities to not only provide dependable cash flows and returns, but to also fund future projects," said CEO Asim Ghosh. "Husky's expansive portfolio and strong balance sheet give us the flexibility to [Read more]
Penn West Announces $355 Million Non-Core Asset Disposition
CALGARY, Oct. 23, 2014 /CNW/ - PENN WEST PETROLEUM LTD. (TSX: PWT) (NYSE: PWE) ("Penn West", the "Company", "we", or "our") is pleased to announce that it has signed an agreement to sell non-core assets located in south central Alberta for expected proceeds of approximately $355 million to a private company. The assets are currently producing approximately 7,500 barrels of oil equivalent ("boe") per day (weighted approximately 80 percent toward natural gas and natural gas liquids). The [Read more]