CALGARY, ALBERTA--(Marketwired - July 25, 2014) - Shoreline Energy Corp. (TSX:SEQ) ("Shoreline" or the "Corporation") is pleased to announce that it has entered into a purchase and sale agreement (the "Agreement") to sell its royalty interests in its Canadian land base to PrairieSky Royalty Ltd. (TSX:PSK) ("PrairieSky") for total gross proceeds of $9 million (the "Transaction"). The Agreement contains customary closing conditions and the Transaction is expected to close in early August, [Read more]
News
Oil price slips below $102 a barrel as worries over supply, geopolitical tension ease
The price of oil slipped below $102 a barrel on Friday, falling for a second day after spiking on lower U.S. inventories and tensions in the Ukraine and the Middle East.Benchmark U.S. crude for September delivery was down 10 cents to $101.97 at 0555 GMT in electronic trading on the New York Mercantile Exchange. The contract dropped $1.05 to close at $102.07 a barrel on Thursday.Brent crude, a benchmark for international oils, rose 13 cents to $107.20 in trading on the ICE exchange in [Read more]
Hawk Announces Conversion of Class B Shares
CALGARY, July 24, 2014 /CNW/ - Hawk Exploration Ltd. ("Hawk" or the "Corporation") announces that, effective July 31, 2014, all of the Corporation's issued and outstanding Class B Shares will be automatically converted to Class A Shares of the Corporation with a conversion ratio of ten Class A Shares for each Class B Share so converted, in accordance with the terms of the Class B Shares. As of the date hereof, Hawk has 1,080,000 issued and outstanding Class B Shares and 34,775,952 issued and [Read more]
RockBridge company update
VANCOUVER, July 24, 2014 /CNW/ - RockBridge Resources Inc. ("RockBridge" or the "Company" – TSXV symbol: RBE) is pleased to provide this update on its recent activities. RockBridge has a signed Offer to Purchase for certain producing gas properties located in northeastern British Columbia, subject to customary conditions including due diligence, signing a formal purchase agreement and regulatory approval. The Company is well into the due diligence process and the purchase is expected to close [Read more]
Delphi Energy Provides Operations Update
CALGARY, ALBERTA--(Marketwired - July 24, 2014) - Delphi Energy Corp. ("Delphi" or the "Company") (TSX:DEE) is pleased to provide the following operations update. BIGSTONE MONTNEY Delphi has completed and tested its eighth and ninth horizontal Montney wells utilizing 30 stage slickwater hybrid completions. The 8-21-60-22 W5M ("8-21") and 2-7-60-22 W5M ("2-7") Montney wells were drilled from a common surface pad. The 8-21 well was drilled to a total depth of 5,580 metres [Read more]
Arcan Files Information Circular Detailing Plan of Arrangement & Formation of New Swan Hills Light Oil Company
CALGARY, ALBERTA--(Marketwired - July 24, 2014) - Arcan Resources Ltd. ("Arcan" or the "Corporation") (TSX VENTURE:ARN) is today mailing the information circular ("Information Circular") and accompanying meeting materials detailing the previously announced plan of arrangement (the "Arrangement") involving the recapitalization and acquisition of Arcan by privately owned Aspenleaf Energy Limited ("Aspenleaf"). These documents are also filed under Arcan's profile on SEDAR www.sedar.com and posted [Read more]
Edge Resources Inc. Doubles Credit Facilities and Lowers Financing Cost
CALGARY, ALBERTA--(Marketwired - July 24, 2014) - Edge Resources Inc. (TSX VENTURE:EDE)(AIM:EDG) ("Edge" or the "Company") is very pleased to announce that it has entered into a new revolving demand loan facility of up to $17 million (the "Facility") with ATB Corporate Financial Services ("ATB"). This Facility more than doubles the Company's existing credit facilities, and replaces its previous $8 million facility with National Bank of Canada, which was originally entered into on February 28, [Read more]
Husky Produces Steady Results With Production Growth On Target
CALGARY, ALBERTA--(Marketwired - July 24, 2014) - Husky Energy (TSX:HSE) advanced a strong balance of near, mid and long-term projects in the second quarter while generating higher quality returns to sustain growth. "Our continued investment in longer-wavelength projects such as heavy oil thermals, resource plays and oil sands provide steady production and more predictable cash flow to support our growth projects in the Asia Pacific and the Atlantic Regions," said CEO Asim Ghosh. "Our new [Read more]
Rapid Portfolio Transition, Robust Liquids Growth Among Highlights of Encana’s Strong Second Quarter
CALGARY, ALBERTA--(Marketwired - July 24, 2014) - Encana's (TSX:ECA)(NYSE:ECA) strong second quarter of 2014 saw the company continue to make faster than expected progress in the execution of its strategy, with the reporting period highlighted by the acquisition of Eagle Ford assets for a sixth growth area, the highly successful initial public offering (IPO) of PrairieSky Royalty Ltd. (PrairieSky) and impressive liquids production growth. "We had a strong second quarter off of the back of a [Read more]
First Mountain Exploration Ltd. Announces Completion of Sale of Assets
CALGARY, ALBERTA--(Marketwired - July 23, 2014) - First Mountain Exploration Ltd. ("First Mountain" or the "Corporation") (TSX VENTURE:FMX) announces that it has completed an arm's length transaction pursuant to a purchase and sale agreement between the Corporation and an oil and gas producing company whereby the Corporation has divested of certain petroleum and natural gas leases located in the Atlee Buffalo area of Alberta for an aggregate purchase price of CDN$510,000 as previously announced [Read more]