CALGARY, ALBERTA--(Marketwired - Oct. 1, 2014) - Lightstream Resources Ltd. (the "Company" or "Lightstream") (TSX:LTS) is pleased to announce the closing of our previously announced agreement with Crescent Point Energy Ltd. to sell the remaining assets in our southeast Saskatchewan Conventional business unit for gross proceeds of $378.4 million. Proceeds include cash consideration of $375 million (before customary adjustments) and three key parcels of Bakken rights valued at $3.4 million that [Read more]
News
Emissions control and LNG tax coming for B.C. fall sitting: finance minister
VICTORIA - The issue of a liquefied natural gas tax is set to heat up debate during British Columbia's fall legislative session, but the potentially controversial issue of emissions controls is also part of the package.Finance Minister Mike de Jong said the Liberal government plans to introduce two separate pieces of legislation focusing on LNG — taxes and emissions reporting.De Jong said the tax legislation will be tabled within the next two weeks and the emissions reporting bill is due in late [Read more]
Cardinal Energy Ltd. Announces Closing of Second Wainwright Acquisition
CALGARY, ALBERTA--(Marketwired - Oct. 1, 2014) - Cardinal Energy Ltd. ("Cardinal") (TSX:CJ) is pleased to announce that it has completed its previously announced acquisition in the Wainwright area of Alberta. The acquired assets are 99.4% operated, include a high working interest in the associated facilities and are consistent with our strategy of building a solid low decline production base. Wainwright is a new core area for Cardinal and the assets acquired immediately offset Cardinal's current [Read more]
Marquee Energy announces closing of strategic non-core asset disposition
CALGARY, Sept. 30, 2014 /CNW/ - Marquee Energy Ltd. ("Marquee" or the "Company") (TSXV: "MQL") is pleased to announce that it has completed the previously announced disposition of its non-core, gas-weighted asset located in the Pembina area of western Alberta (the "Transaction"). Consideration for the Transaction totalled approximately $14 million, with an effective date of September 1, 2014. Subsequent to the Transaction, the Company's lenders confirmed that Marquee's total credit [Read more]
Pembina Pipeline Corporation Announces Resignation of Board Member
CALGARY, Sept. 30, 2014 /CNW/ - Pembina Pipeline Corporation ("Pembina" or "the Company") (TSX: PPL; NYSE: PBA) announced today that pursuant to Thomas (Tom) W. Buchanan accepting the position of President and Chief Executive Officer of Athabasca Oil Corporation effective October 1, 2014, he has tendered his resignation from Pembina's Board of Directors (the "Board") effective immediately. "Tom, who joined Pembina's Board in 2010, has been an excellent director for the Company, investing his [Read more]
Jupiter Resources completes the acquisition of Encana’s Bighorn assets
CALGARY, Sept. 30, 2014 /CNW/ - Jupiter Resources Inc. ("Jupiter Resources") announced today that it has successfully completed the acquisition of Encana's Bighorn assets in the Alberta Deep Basin for CAD$2.0 billion (before closing adjustments). The Bighorn acquisition was originally announced on June 26, 2014. Jupiter Resources Jupiter Resources is a private oil and gas exploration and production company focused on liquids-rich natural gas properties in Western Canada. Jupiter Resources is [Read more]
Bonavista Energy Corporation Announces Changes to Executive Officers
CALGARY, ALBERTA--(Marketwired - Sept. 30, 2014) - Bonavista Energy Corporation ("Bonavista") (TSX:BNP) would like to announce the following changes to our management team: Mr. Bruce Jensen has been promoted to the position of Chief Operating Officer effective October 1st, 2014. Mr. Jensen is a Professional Engineer and has over 30 years of energy industry experience. Bruce joined Bonavista as a Senior Development Engineer in 2002 and since that time has continued to take on roles with [Read more]
CIOC Announces Continued Success of the Company’s Liquids-Rich Montney Drilling Program
CALGARY, Sept. 30, 2014 /CNW/ - Canadian International Oil Corp. ("CIOC" or the "Company") is pleased to provide an operational update on the Company's Montney activity. Recent 24-hour Montney test rates of over 3,500 boe/d at Gold Creek and 2,300 boe/d at Karr Notable drilling and completion cost achievements at Gold Creek Acquisition of an additional 25 net sections of highly prospective Montney undeveloped land CIOC continues an active drilling program in the Gold Creek and Karr [Read more]
Imperial successfully completes Kearl turnaround
First major maintenance turnaround completed with no lost-time safety incidents CALGARY, Sept. 30, 2014 /CNW/ - Imperial Oil Limited today announced the completion of a major planned maintenance turnaround at its Kearl facilities. "We would like to wholeheartedly congratulate and thank our contractors and employees for completing this major turnaround without a lost-time safety incident," said John Whelan, Imperial Production Manager, Mining. "This was our first major planned maintenance [Read more]
Crew Energy Announces Closing of Princess, Alberta Asset Disposition
CALGARY, ALBERTA--(Marketwired - Sept. 30, 2014) - Crew Energy Inc. (TSX:CR) ("Crew" or the "Company") is pleased to announce that it has closed its previously announced disposition of its petroleum and natural gas assets in the Princess area of Southeast Alberta, with an effective date of August 1, 2014 (the "Princess Disposition"). Full details regarding the Princess Disposition and the Company's expanded focus on Montney development were contained in Crew's press release dated August 28, [Read more]