CALGARY, ALBERTA--(Marketwired - Jan. 22, 2014) - Tourmaline Oil Corp. (TSX:TOU) ("Tourmaline" or the "Company") is pleased to announce that in connection with its previously announced bought-deal financing, Tourmaline and the syndicate of underwriters led by Peters & Co. Limited and including Scotia Capital Inc., FirstEnergy Capital Corp., CIBC World Markets Inc., National Bank Financial Inc., RBC Capital Markets and TD Securities Inc. have agreed to increase the size of the financing. [Read more]
News
TransCanada to brief media on Keystone XL
CALGARY - TransCanada Corp. says it will brief members of the media today about the official startup of crude oil shipments on the southern portion of its controversial Keystone XL pipeline. The northern portion of the pipeline has been held up by concerns over potential risks to drinking water supplies and climate change. TransCanada and the Canadian government are awaiting a decision from the U.S. State Department and President Barack Obama, whose approval is required because the [Read more]
Renegade Petroleum Reminds Shareholders to Support Current Board of Directors at Upcoming Special Meeting
CALGARY, ALBERTA--(Marketwired - Jan. 22, 2014) - Renegade Petroleum Ltd. (TSX VENTURE:RPL) reminds its shareholders to support the company's strategic review, which is delivering results, by voting the WHITE proxy ballot in favour of the current board of directors. We would like to thank shareholders for the strong support received to date and remind shareholders who have not yet voted, to vote their WHITE proxy no later than 11:00 a.m. (Calgary time) on Friday, January 24, 2014 to ensure that [Read more]
Oil above $95 amid hopes for global growth
The price of oil rose above $95 a barrel on Wednesday amid expectations for solid demand and weaker supply, particularly in Asia and Europe. By early afternoon in Europe, benchmark U.S. crude for March delivery was up 53 cents at $95.50 a barrel in electronic trading on the New York Mercantile Exchange. On Tuesday, the Nymex March contract closed at $94.97 a barrel, up 38 cents. The IMF said Tuesday it expects the world economy to grow 3.7 per cent this year and the U.S. economy by 2.8 per [Read more]
Hearing begins on Peace River oilsands operation
PEACE RIVER, Alta. - Hearings have begun in northwestern Alberta about odours blamed on oilsands operations that have driven families off their land.Residents of two tiny communities near Peace River are concerned over the way Baytex Energy has operated its oilsands extraction process in the area. They say it is creating powerful gassy smells that are impossible to live with.One family has relocated to Smithers, B.C.In an affidavit filed with the Alberta Energy Regulator, one resident complained [Read more]
Cequence Announces Expanded Ansell Project and Production of 12,000 boepd
CALGARY, Jan. 21, 2014 /CNW/ - Cequence Energy Ltd. ("Cequence" or the "Company") (TSX: CQE) is pleased to announce expansion of its project at Ansell and production of 12,000 boepd. Ansell Project Cequence is pleased to announce the initial success of the Company's Wilrich drilling program at Ansell and the addition of key lands increasing its total landholdings to 46.5 gross sections. The most recent Wilrich well was drilled at 14-19 (49 % working interest) and tested at 2,500 boepd, and has [Read more]
Penn West Provides Fourth Quarter, 2013 Operational Update and Announces Additional Non-Core Asset Dispositions for Expected Proceeds of Approximately $175 Million
CALGARY, Jan. 21, 2014 /CNW/ - PENN WEST PETROLEUM LTD. (TSX: PWT) (NYSE: PWE) ("Penn West", "our" or the "Company") is pleased to provide an operational update on fourth quarter 2013 activities and announces additional non-core asset dispositions for expected proceeds of approximately $175 million. OVERVIEW On November 6, 2013 Penn West released a long-term strategy to position itself as a stronger and more vibrant company with the goal of becoming Canada's leading conventional liquids [Read more]
Whitecap Resources Inc. announces 51% increase to 2013 year-end reserves and provides operational update
CALGARY, Jan. 21, 2014 /CNW/ - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX: WCP) is pleased to announce the results of its 2013 year-end oil and gas reserves evaluation, a 51% increase over year-end 2012 reserves. The increases reflect exceptional organic growth through the drill-bit and the completion of several accretive oil acquisitions in 2013. Whitecap is also pleased to provide our shareholders with an operational update. The following highlights and reserves information do [Read more]
Marquee Energy Ltd. announces grant of options and provides drilling update
CALGARY, Jan. 21, 2014 /CNW/ - Marquee Energy Ltd. ("Marquee" or the "Company") (TSXV: "MQL") announced today that options to acquire an aggregate of 2,380,000 common shares have been granted to certain directors, officers and employees of the Company at a price $0.80 per common share. The option grants are subject to the approval of, and the Company fulfilling the requirements of, the TSX Venture exchange. Marquee drilled a total of 8 wells at Michichi in 2013, 7 in the second half of the [Read more]
Altima Announces Drilling and Pipeline Construction at Chambers, Alberta With Whistler Oil and Gas Pty. Ltd.
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan. 21, 2014) - Altima Resources Ltd. (TSX VENTURE:ARH)(PINKSHEETS:ARSLF)(FRANKFURT:AKC) announces that together with its joint venture partner Whistler Oil and Gas Pty. Ltd. ("Whistler") (see Dec.13/13 press release), Altima and Whistler have licensed two new vertical wells in the Chambers-Ferrier area project, Alberta, Canada. The 5-35-41-11 W5M well and 9-35-41-11 W5M well (the "Wells") are offsets to the 15-35-41-11 W5M well that Altima drilled [Read more]