CALGARY, ALBERTA--(Marketwired - Sept. 2, 2014) - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX:CPG)(NYSE:CPG) is pleased to announce that it has entered into an agreement (the "Lightstream Agreement") with Lightstream Resources Ltd. ("Lightstream") to acquire conventional oil assets in southeast Saskatchewan and Manitoba (the "Lightstream Assets"). The Lightstream Assets include significant free cash flowing, conventional oil production of approximately 3,300 boe/d and 76 [Read more]
News
Cardinal Energy Ltd. Announces Second Wainwright Acquisition and Equity Financing
CALGARY, ALBERTA--(Marketwired - Sept. 2, 2014) - Cardinal Energy Ltd. ("Cardinal") (TSX:CJ) is pleased to announce that it has entered into an agreement to acquire approximately 2,500 BOE/day of long life oil production in the Wainwright area of Alberta (the "Acquisition"). The Acquisition is comprised of 97% crude oil, includes associated infrastructure, is 99.4% operated and has a base decline rate of 7% to 9%. The Acquisition will be primarily funded with a concurrent $197.5 million [Read more]
Halliburton reaches $1B settlement of plaintiff suits from Gulf of Mexico oil spill
NEW YORK - Halliburton agreed to pay $1.1 billion to settle what it calls "a substantial portion" of plaintiff claims arising from the 2010 BP oil spill in the Gulf of Mexico.The settlement, if approved by a federal court, would allow businesses and property owners who were hurt by the oil spill to collect punitive damages from Halliburton through a fund to be administered by a court-appointed representative. These plaintiffs will receive or have already received compensation for their economic [Read more]
Pine Cliff Energy Ltd. Announces $60,065,000 Bought Deal Financing
CALGARY, ALBERTA--(Marketwired - Sept. 2, 2014) - Pine Cliff Energy Ltd. ("Pine Cliff" or the "Corporation") (TSX VENTURE:PNE) is pleased to announce that it has entered into an agreement with a syndicate of underwriters co-led by FirstEnergy Capital Corp., GMP Securities L.P. and Haywood Securities Inc. and including Clarus Securities Inc., Paradigm Capital Inc., Canaccord Genuity Corp., National Bank Financial Inc., Altacorp Capital Inc., Jennings Capital Inc. and Scotia Capital Inc. [Read more]
Pembina Pipeline Corporation To Acquire Vantage Pipeline and an Interest in Associated Assets For US$650 Million
Acquisition of Bakken ethane pipeline adds additional fee-for-service pipeline infrastructure to Pembina's portfolio and establishes new growth platform CALGARY, Sept. 2, 2014 /CNW/ - Pembina Pipeline Corporation ("Pembina" or "the Company") (TSX: PPL; NYSE: PBA) is pleased to announce that it has entered into agreements to acquire the Vantage pipeline system ("Vantage") and Mistral Midstream Inc.'s ("Mistral") interest in the Saskatchewan Ethane Extraction Plant ("SEEP") for total [Read more]
Strategic Oil & Gas Ltd. Sets New Production Targets From Accelerated Drilling Program
CALGARY, ALBERTA--(Marketwired - Sept. 2, 2014) - Strategic Oil & Gas Ltd. ("Strategic" or the "Company") (TSX VENTURE:SOG) announces an acceleration to its Muskeg development program and the completion of a U.S. $10 million loan from Bay Resources Partner's Funds and Tom Claugus. Strategic has drilled four Muskeg wells during the third quarter and is planning to drill six more Muskeg wells during the fourth quarter of 2014, exiting the year at 4,600 boe/d. Production rates are exceeding [Read more]
Blackbird Energy Inc. Increases Total Montney Acreage by 366% to 117 Net Sections (74,880 Net Acres)
CALGARY, ALBERTA--(Marketwired - Sept. 2, 2014) - Blackbird Energy Inc. (TSX VENTURE:BBI) ("Blackbird" or the "Company") is pleased to announce that through a series of land acquisitions it has acquired, and entered into an initial agreement to acquire, 85.0 gross (85.0 net) sections (54,400 net acres) of Montney prospective land of which 8.0 gross (8.0 net) sections (5,120 net acres) are contiguous with Blackbird's existing Elmworth Montney project, bringing its total contiguous land block in [Read more]
Sunshine Oilsands Announces Management Changes
CALGARY, Alberta and HONG KONG, Sept. 1, 2014 /CNW/ -- The Board of Directors of Sunshine Oilsands Ltd. (the "Corporation" or "Sunshine") (HKEX: 2012, TSX: SUO) has accepted the resignation of Mr. David Sealock as Interim President and CEO, effective immediately. As Executive Chairman of Sunshine, Mr. Michael Hibberd has assumed direct responsibility for all CEO tasks and functions. The Board of Directors warmly thanks Mr. Sealock for his significant contribution to managing Sunshine through [Read more]
Ironhorse Announces Q2 2014 Financial and Operating Results
CALGARY, Aug. 29, 2014 /CNW/ - Ironhorse Oil & Gas Inc. ("Ironhorse" or the "Company") (TSX-V: IOG) announces its financial and operating results for the three and six months ended June 30, 2014 and provides an operational update on activities to date this year as well as an outlook for the remainder of 2014. Financial and Operation Summary The Company's working capital position has remained strong at $2.3 million at June 30, 2014, compared with $2.2 million at March 31, 2014. Although [Read more]
Hawk announces closing of asset acquisition
CALGARY, Aug. 29, 2014 /CNW/ - Hawk Exploration Ltd. ("Hawk" or the "Corporation") announces today that it has closed its previously announced acquisition of certain petroleum and natural gas assets in the plains region of Alberta and Saskatchewan from TriHawk Energy Ltd. and certain other parties. About Hawk Hawk is an emerging exploration company engaged in the exploration, development and production of conventional crude oil and natural gas in western Canada and is based in Calgary, [Read more]