CALGARY, ALBERTA--(Marketwired - Aug. 19, 2014) - Canadian Spirit Resources Inc. ("CSRI" or the "Corporation") (TSX VENTURE:SPI)(OTCBB:CSPUF) announces the release of its interim financial results and Management Discussion and Analysis ("MD&A") for the three and six month periods ended June 30, 2014. This news release summarizes information contained in the unaudited interim condensed financial statements and MD&A for the three and six month periods ended June 30, 2014 and should not be [Read more]
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Relentless Announces Q2 2014 Financial and Operating Results
CALGARY, ALBERTA--(Marketwired - Aug. 19, 2014) - Relentless Resources Ltd. ("Relentless" or "the Company") (TSX VENTURE:RRL) announces that it has issued its June 30, 2014 condensed interim financial statements and related MD&A. Additional information about Relentless is available on SEDAR at www.sedar.com or on the Company`s website at www.relentless-resources.com. Corporate Update On June 27, 2014, Relentless closed a non-brokered private placement for gross proceeds of $3.75 [Read more]
Trudeau blasts Harper for bungling pipelines needed by Alberta, PM’s home turf
EDMONTON - Justin Trudeau moseyed into Harper country Tuesday and accused the prime minister of being "all hat and no cattle" when it comes to pipelines.The Liberal leader and his three dozen MPs were in the capital of Alberta, Prime Minister Stephen Harper's home province, to plot strategy for the coming pre-election year.The Liberals have high hopes of making a breakthrough in Alberta, long a rock-solid Conservative fortress, in the 2015 election. The province has been a wasteland for Liberals [Read more]
Magnum Energy Announces Private Placement Offering
CALGARY, ALBERTA--(Marketwired - Aug. 19, 2014) - MAGNUM ENERGY INC. (the "Corporation" or "Magnum") (TSX VENTURE:MEN) is pleased to announce that, further to its news release dated August 1, 2014, the Corporation has completed its non-brokered private placement of 4,000,000 units ("Units") at a price of $0.05 per Unit for aggregate gross proceeds of $200,000 (the "Offering"). Each Unit is comprised of one common share ("Share") and one share purchase warrant of the Company ("Warrant"). Each [Read more]
Chinook Energy Announces Completion of the Disposition of Its Tunisian Assets and Expansion of 2014 Capital Program
CALGARY, ALBERTA--(Marketwired - Aug. 19, 2014) - Chinook Energy Inc. (TSX:CKE) ("Chinook" or the "Company") is pleased to announce that its wholly-owned subsidiary, Storm Ventures International (BVI) Limited ("Storm BVI"), has completed the previously announced disposition, effective January 1, 2014, of all of the issued and outstanding shares of Storm Ventures International (Barbados) Limited, which directly and indirectly owns all of Chinook's Tunisian assets for gross proceeds of US$127.7 [Read more]
CEO of bankrupt Kentucky oil company sentenced to nearly 3 years in prison, scammed investors
LOUISVILLE, Ky. - The CEO of a bankrupt southern Kentucky oil company has been sentenced to nearly three years in prison for scamming investors into giving him money for three oil partnerships in Kentucky and Tennessee.Young Oil Corp. executive Anthony L. Young of Knob Lick pleaded guilty in March to defrauding investors in both states.Young acknowledged that from November 2007 through December 2008, he fraudulently solicited investments through his company and took the majority of the money for [Read more]
Bellatrix target of activist investor Orange Partners
CALGARY - Oil and gas developer Bellatrix Exploration Ltd. (TSX:BXE) has become the target of a U.S. activist investor.In a regulatory filing Tuesday, New York-based Orange Capital LLC disclosed it has bought a 5.3 per cent stake in Bellatrix, which has land throughout Western Canada but is mainly focused on west-central Alberta.The hedge fund said it plans to talk to the management of Calgary-based Bellatrix about ways to "maximize shareholder value."That could include hiring an outside adviser [Read more]
Altagas and Painted Pony Announce Strategic Alliance and 198 Mmcf/d Townsend Natural Gas Processing Facility
CALGARY, ALBERTA--(Marketwired - Aug. 19, 2014) - AltaGas Ltd. ("AltaGas") (TSX:ALA) and Painted Pony Petroleum Ltd. ("Painted Pony") (TSX:PPY) today announced they have signed definitive agreements to enter into a 15-year strategic alliance for the development of processing infrastructure and marketing services for natural gas and natural gas liquids (the "Strategic Alliance"). The Strategic Alliance will provide for the development of essential liquids-rich gas processing infrastructure in [Read more]
Willie Nelson, Neil Young to headline anti-Keystone XL oil pipeline concert in US field
NELIGH, Neb. - Willie Nelson and Neil Young will headline a concert next month in a Nebraska cornfield organized by opponents of a proposed pipeline that would carry oil from Canada south to the Gulf Coast.Bold Nebraska said Monday the concert will be held Sept. 27 on a farm near Neligh in northeast Nebraska. Tickets go on sale Wednesday.Earlier this year, protesters carved an anti-pipeline message into the cornfield, which is in the path of TransCanada's proposed Keystone XL pipeline.Pipeline [Read more]
For highest salary increases in Canada, look to the oilpatch: Mercer survey
CALGARY - For the biggest pay hikes in Canada, look no further than the oilpatch.The energy sector continues to lead the country in both actual and projected salary increases, according to survey released Monday by global consulting firm Mercer.The average base salary increase across the country is expected to be three per cent next year, the same as in 2014.But in the energy sector, the pay bump is forecast at 3.7 per cent in 2015 after an actual 3.9 per cent increase this year.Mercer has [Read more]