PEACE RIVER, ALBERTA--(Marketwired - July 3, 2014) - Strata Oil & Gas Inc. ("Strata" or the "Company") (OTCQB:SOIGF) announced today results from its study to further assess the primary heavy oil production potential of its 100%-owned Cadotte West land block in the Peace River oil sands region of Alberta. The study is part of the evaluation of our Cadotte West land for the development of heavy-oil recovery through Cold Production methods. Cold Production is the use of conventional oil [Read more]
News
Canadian oil and gas prices likely to maintain momentum to end of 2014: Report
Loss of Edmonton Par data and other benchmarks still cause for concern as Canada eyes export markets outside the U.S. CALGARY, ALBERTA (July 3, 2014) – Deloitte’s Resource Evaluation & Advisory group released its current Canadian domestic oil and gas price forecast today, noting that the strengthening prices experienced during the second quarter are likely to continue, resulting in a stronger second half of 2014 for Canadian oil and gas producers. “April through June has seen a [Read more]
Arsenal Energy Inc. Announces Completion of Bought Deal Financing Including Exercise In Full of Over-Allotment Option
CALGARY, ALBERTA--(Marketwired - July 3, 2014) - Arsenal Energy Inc. ("Arsenal" or the "Corporation") (TSX:AEI) announced today that it has closed its previously announced bought deal financing of 799,400 common shares on a "flow-through share" basis at a price of $9.35 per flow-through share ("Flow-Through Share"), which includes the exercise in full of the over-allotment option of 104,200 Flow-Through Shares, for aggregate gross proceeds of $7,474,390 (the "Financing"). The Financing was led [Read more]
Bellatrix Provides an Operational Update and Confirms 2014 Guidance
CALGARY, July 3, 2014 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE MKT: BXE) is pleased to announce that the Ferrier Area Gas Plants, that had been shut in for scheduled and unscheduled plant turnarounds in the first half of 2014 resulting in significant production restrictions, have returned to full capacity as of June 30, 2014. Bellatrix's daily production is estimated to have averaged 36,600 boe/d in the second quarter 2014 due to these restrictions. With [Read more]
Oil prices edge down, despite this week’s bullish US oil inventory data
NEW YORK - The price of oil slipped Wednesday despite a report from the U.S. Department of Energy that showed American stockpiles of crude fell more than expected last week.Benchmark West Texas Intermediate crude for August delivery fell 86 cents to US$104.48 a barrel on the New York Mercantile Exchange, its fifth day of decline. The contract closed at a 10-month high of US$107.26 on June 20.Brent crude, a benchmark for international oils, fell $1.05 to US$111.24 a barrel in London.The Energy [Read more]
Kelt Completes Acquisition of Strategic Montney Assets in Its Core Area Near Grande Prairie
CALGARY, ALBERTA--(Marketwired - July 2, 2014) - Kelt Exploration Ltd. ("Kelt" or the "Company") (TSX:KEL) is pleased to announce the successful completion of its previously announced acquisition of a private Canadian oil and gas company ("PrivateCo") with crude oil and natural gas assets located at Valhalla/La Glace, adjacent to the Company's core producing areas at Pouce Coupe and Spirit River in west central Alberta (the "Acquisition"), all as previously disclosed in the news release of Kelt [Read more]
Majority favour ban or moratorium on fracking in Nova Scotia: discussion paper
HALIFAX - The majority of people who offered opinions for a report on hydraulic fracturing in Nova Scotia say they want the province to ban or maintain a moratorium on the disputed industry.There were 238 individual submissions to an 'expert panel' that's looking at the environmental impact of hydraulic fracturing, or fracking, in Nova Scotia.Of those, 92 per cent said they supported a moratorium or ban, while 0.5 per cent were against such prohibitions.The discussion paper will form the basis [Read more]
Opposition to pipelines an attack on Canada’s social programs
Few Canadians understand the detrimental impact blocking oil exports will have on them personally VICTORIA, BC/ Troy Media/ - Every day in Canada some 100,000 kilometres of pipelines carry three million barrels of oil to domestic and export markets. Yet in the midst of publicity campaigns by proponents and opponents, most Canadians lack a broader perspective from which to measure the risk/reward balance of this crucial oil export conduit. And even though controversy over the safety of [Read more]
Oil rises on US, China factory strength
The price of oil edged up Wednesday on stronger manufacturing activity in the United States and China, the two biggest oil consumers. Benchmark U.S. crude for August delivery was up 8 cents to $105.42 per barrel at 0800 GMT in electronic trading on the New York Mercantile Exchange, breaking four days of declines. The contract closed at a 10-month high of $107.26 on June 20. Brent crude, a benchmark for international oils, fell 13 cents to $112.16 per barrel in London. Manufacturing [Read more]
Contact Announces Conversion of Preferred Shares
CALGARY, ALBERTA--(Marketwired - July 2, 2014) - Contact Exploration Inc. ("Contact" or the "Company") (TSX VENTURE:CEX) announces that the holder of the $1 million stated value, convertible, redeemable, 8% preferred shares ("Preferred Shares") of the Company has elected to convert all such Preferred Shares, pursuant to the terms thereof, into common shares of the Company ("Common Shares"). Pursuant to the terms of the Preferred Shares, 5,000,000 Common Shares have been issued on the conversion, [Read more]