QUEBEC CITY, QUEBEC--(Marketwired - July 2, 2014) - Junex Inc. (TSX VENTURE:JNX) ("Junex" or the "Company") is pleased to announce that it has received a drilling permit from the Quebec government for the drilling of Junex's first horizontal well on its Galt Oil Property, that is situated in a sparsely populated region approximately 20 kilometers from the town of Gaspé in eastern Quebec. The Junex Galt No. 4 Horizontal well, the first of a series of horizontal wells planned for the next phase [Read more]
News
Twin Butte Energy announces private placement
CALGARY, July 2, 2014 /CNW/ - Twin Butte Energy Ltd. (TSX: TBE) ("Twin Butte") is pleased to announce that it intends to sell by way of private placement up to 1,817,500 common shares at a price of $1.80 per common share (representing the VWAP of the common shares on the TSX for the five trading days ended June 30, 2014) to officers, directors and employees of Twin Butte for total gross proceeds of up to $3.3 million (the "Offering"). Twin Butte will use the proceeds of the Offering for [Read more]
Shoreline Energy Corp. Announces Strategic Process Update
CALGARY, ALBERTA--(Marketwired - June 30, 2014) -Shoreline Energy Corp. ("Shoreline" or the "Company") (TSX:SEQ) announces that it will not make the interest payment on its unsecured convertible debenture scheduled for June 30, 2014 (the "June 2014 Debenture Interest Payment"). The Company intends to make the June 2014 Debenture Interest Payment, plus accrued interest thereon, following resolution of the Company's secured debt obligations, pursuant to the forbearance agreements entered into with [Read more]
Devon Energy selling some US oil and gas properties to Linn Energy for $2.3 billion
OKLAHOMA CITY - Oil and gas exploration company Devon Energy Corp. is selling some U.S. oil and gas properties to Linn Energy LLC for $2.3 billion. The properties include those in the Rockies, onshore Gulf Coast and Mid-Continent region, Devon said on Monday. The sale is part of a transformation plan the company announced late last year in which it was looking to sell non-core assets. The properties being sold to Linn Energy produced 275 million cubic feet of natural gas equivalent per day, [Read more]
Quattro Announces $50 Million Capital Budget and $3 Million Increase in Term Facility
CALGARY, ALBERTA--(Marketwired - June 30, 2014) - Quattro Exploration and Production Ltd. ("Quattro" or the "Company") (TSX VENTURE:QXP) is pleased to announce the approval of its $50 million capital budget, including a 3 year drilling program, which will commence in the 3rd Quarter of 2014 with Phase I being focused on its operated lands in Western Canada. "The approval of this budget by our Board of Directors is an endorsement of the Quattro team's work and technical understanding of the [Read more]
Oil falls ahead of data gauging China’s factory activity
The price of oil declined Monday as markets waited for the preliminary reading of China's manufacturing for June. Benchmark U.S. crude for August delivery was down 56 cents to US$105.18 a barrel in electronic trading on the New York Mercantile Exchange. The contract closed down 10 cents at $105.74 on Friday. Brent crude, used to price international oils, slipped 62 cents to $112.68 a barrel in London. Oil prices were steady going into the weekend as markets grew accustomed to news [Read more]
Questerre Credit Facilities Expanded to $50 Million
CALGARY, ALBERTA--(Marketwired - June 30, 2014) - Questerre Energy Corporation ("Questerre" or the "Company") (TSX:QEC)(OSLO:QEC) reported today that its credit facilities with a Canadian chartered bank have been increased from $26.5 million to $50 million. The facilities are currently undrawn by the Company. Michael Binnion, President and Chief Executive Officer, commented, "These facilities give us the capital and financial flexibility to execute our Montney development plan. It complements [Read more]
Spyglass Resources Corp. Provides Drilling Update and Restarts Dixonville Field After Pipeline Incident
CALGARY, ALBERTA--(Marketwired - June 29, 2014) - Spyglass Resources Corp. ("Spyglass", or the "Company") (TSX:SGL)(OTCQX:SGLRF) announces that it has restarted production from the Dixonville field after a pipeline incident and provides a drilling update including details on the Company's recent tie-in of a light oil well at Cessford in southern Alberta, the completion and tie-in of a natural gas well in the Cadomin at Noel and the Halkirk-Provost ten well drilling program. Dixonville Incident [Read more]
Spyglass Resources Corp. Provides Details on Dixonville Pipeline Incident
CALGARY, ALBERTA--(Marketwired - June 27, 2014) -Spyglass Resources Corp. ("Spyglass", or the "Company") (TSX:SGL)(OTCQX:SGLRF) announces that on June 26th in the Dixonville area of Northern Alberta a leak occurred on an emulsion pipeline that carries a mixture of oil and water. Spyglass personnel immediately shut-in the pipelines, contained the incident to within the surface lease and notified the Alberta Energy Regulator ("AER"). It is estimated that less than 10 cubic meters of fluid with [Read more]
Relentless Resources Announces Increase to and Completion of Financing and Completion of Peace River Arch Asset Acquisition
CALGARY, ALBERTA--(Marketwired - June 27, 2014) - Relentless Resources Ltd. ("Relentless" or the "Company") (TSX VENTURE:RRL) is pleased to announced an increase to the common share component by $750,000 and completion of its previously announced non-brokered private placement. The Company issued 4,166,666 common shares on a "flow through" basis ("FT Shares") at $0.24 per FT Share and 13,750,000 common shares ("Common Shares") at $0.20 per Common Share for aggregate gross proceeds of $3.75 [Read more]