CALGARY, ALBERTA--(Marketwired - Sept. 3, 2014) - Tamarack Valley Energy Ltd. ("Tamarack" or the "Company") (TSX VENTURE:TVE) is pleased to announce that its wholly owned subsidiary, Tamarack Acquisition Corp., has entered into a purchase and sale agreement with Suncor Energy ("Suncor") to acquire 100% of the Suncor's interests in the Wilson Creek area of Alberta, contiguous with Tamarack's existing Cardium interest in Wilson Creek, for total cash consideration of approximately $168.5 million [Read more]
News
RedWater Announces Financial and Operating Results for the Three and Six Months Ended June 30, 2014
OKOTOKS, ALBERTA--(Marketwired - Sept. 3, 2014) - RedWater Energy Corp. ("RedWater") (TSX VENTURE:RED) is pleased to report record financial and operating results for the three and six month periods ended June 30, 2014. RedWater's interim condensed financial statements and related management's discussion and analysis for the three and six months ended June 30, 2014 have been filed and are available on the SEDAR website at www.sedar.com and may also be obtained on RedWater's website at [Read more]
Petrox Resources Announces The Assignment Of LOI For The Proposed Acquisition Of The Corporation
Calgary, AB / ACCESSWIRE / September 3, 2014 / Petrox Resources Corp. (TSXV: PTC) ("Petrox") is pleased to announce that, further to its news release of July 18, 2014 in which Petrox announced that it has entered into a conditional, non-binding letter of intent (the "LOI") involving an arm's length business combination (the "Transaction") with a private entity from the People's Republic of China, this private entity has now assigned all of its rights and obligations under the LOI to its majority [Read more]
Teine Energy Ltd. announces proposed private offering of senior unsecured notes
CALGARY, Sept. 3, 2014 /CNW/ - Teine Energy Ltd. ("Teine") announced today that it is planning to commence, subject to market and other conditions, a private offering of US$350 million in aggregate principal amount of senior unsecured notes due in 2022. Teine intends to use the net proceeds from this offering to repay all outstanding indebtedness under, and retire, its second lien term loan facility (including a 1% prepayment premium), to repay outstanding borrowings under its revolving credit [Read more]
Nova Scotia to introduce legislation to ban fracking for onshore shale gas
HALIFAX - The Nova Scotia government will prohibit high-volume hydraulic fracturing for onshore shale gas, saying Wednesday the ban will remain in place until the province's population is ready to embrace the industry.Energy Minister Andrew Younger said Nova Scotians have made it clear they are "not comfortable" with fracking."There is not a community in this province ... where there's a large number of people pushing to allow hydraulic fracturing," Younger told a news conference in Halifax."The [Read more]
Shoreline Energy Corp. Announces the Sale of Certain Assets
CALGARY, ALBERTA--(Marketwired - Sept. 3, 2014) - Shoreline Energy Corp. (TSX:SEQ) ("Shoreline" or the "Corporation") is pleased to announce that it has sold its interests in certain petroleum and natural gas properties wells, infrastructure and facilities located in the Doe area in Alberta and British Columbia to a buyer for total proceeds of $1 million pursuant to a purchase and sale agreement dated September 2, 2014. The sale represents approximately 686 net acres, and less than 10 Boe/d of [Read more]
Contact Provides Update on Investment in Pieridae Energy
CALGARY, ALBERTA--(Marketwired - Sept. 3, 2014) - Contact Exploration Inc. ("Contact" or the "Company") (TSX VENTURE:CEX) announces that it has been advised by Pieridae Energy Limited ("Pieridae") that on August 29, 2014 Pieridae closed a non-brokered private placement (the "Financing") of common shares pursuant to which it raised aggregate gross proceeds of $22.2 million at a price of $9 per share. Pieridae is a Canadian energy infrastructure development company that has partnered with Contact [Read more]
Bellatrix appoints Charles R. Kraus as Vice President, General Counsel and Corporate Secretary
CALGARY, Sept. 3, 2014 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE MKT: BXE) is pleased to announce the appointment of Charles R. Kraus as Vice President, General Counsel and Corporate Secretary effective September 2, 2014. Mr. Kraus is a Canadian and U.S. qualified lawyer, and joins Bellatrix from another Calgary-based oil and gas exploration and development company where he was an executive officer and the general counsel for the past 3 years. Prior thereto, [Read more]
Petrus Resources Ltd. Announces Major Acquisition and Financing and Provides Update on Offer to Acquire Arriva Energy Inc.
CALGARY, ALBERTA--(Marketwired - Sept. 2, 2014) - Petrus Resources Ltd. ("Petrus" or the "Company") is pleased to announce a series of transactions that will, among other things, increase daily production to approximately 10,000 boe/d and significantly expand the Company's drilling inventory. The Company: has entered into a pre-acquisition agreement (the "Ravenwood Pre-Acquisition Agreement") with Ravenwood Energy Corp. ("Ravenwood") pursuant to which it has made an all-cash offer to acquire [Read more]
Lightstream Announces $378 Million Asset Sale to Complete Our 2014-2015 Disposition Program and Updated 2014 Guidance
CALGARY, ALBERTA--(Marketwired - Sept. 2, 2014) - Lightstream Resources Ltd. (the "Company" or "Lightstream") (TSX:LTS) is pleased to announce that we have entered into an 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, including $375 million in cash proceeds plus certain Bakken lands within our Creelman enhanced oil recovery (EOR) project area valued at $3.4 million (the [Read more]