CALGARY, ALBERTA--(Marketwired - June 27, 2014) - Hyperion Exploration Corp. ("Hyperion" or the "Company") (TSX VENTURE:HYX) announces, as a result of the scheduled lending review with its credit provider, the lending limit of the revolving operating facility will be revised to $28.0 million from $30.0 million. Hyperion remains committed to debt reduction, while pursuing options to create value for our shareholders. The Company will not be utilizing additional debt to acquire assets in the near [Read more]
News
Tuscany Announces Filing of Preliminary Prospectus and $2.5 Million Offering
CALGARY, ALBERTA--(Marketwired - June 27, 2014) - Tuscany Energy Ltd. ("Tuscany" or the "Corporation") (TSX VENTURE:TUS) announces that it has filed and received a receipt for a preliminary short form prospectus in connection with a public offering of up to 6,250,000 units ("Units") and common shares of the Corporation to be issued on a flow-through basis in respect of Canadian development expenses (the "CDE FT Shares") at a price of $0.40 per Unit or CDE FT Share, as applicable, for aggregate [Read more]
Canadian Spirit Resources Inc. Exercise of Warrants Brings Recent Funding Total to $7.8 Million
CALGARY, ALBERTA--(Marketwired - June 27, 2014) - Canadian Spirit Resources Inc. ("CSRI" or the "Corporation") (TSX VENTURE:SPI) (OTCBB:CSPUF) is pleased to announce that 5,775,901 of the share purchase warrants issued December 20, 2013, with an expiry term of twelve months have been exercised at a price of $0.30 per warrant for total proceeds of $1.7 million. Combined with the closing of two recent private placements announced on June 4th and June 19th, the Corporation has raised total gross [Read more]
Nova Scotia, Ottawa finalize agreement on greenhouse gas emissions
HALIFAX - The federal government has finalized an agreement with Nova Scotia on greenhouse gas emissions from coal-fired power plants. Environment Canada and the provincial Environment Department began working on an equivalency agreement in 2012 and it was signed a month ago by the province, but notice was published Friday in the Canada Gazette that it had been finalized. The deal is intended to do away with duplicate regulations on greenhouse gases by exempting the province from federal [Read more]
Crude oil prices edge lower in New York; Brent slightly higher in London
The price of oil held steady Friday on a quiet day for energy markets.Benchmark West Texas Intermediate crude for August delivery edged 10 cents lower to close at US$105.74 a barrel on the New York Mercantile Exchange.Brent crude, a benchmark used to price international oils used my many U.S. refineries, rose nine cents to close at US$113.30 a barrel in London.The prices of both U.S. and international oils have slipped somewhat in recent days since reaching 10-month highs late last week, a sign [Read more]
Impact of fracking on communities unclear: Nova Scotia study
HALIFAX - A new study on the potential for hydraulic fracturing in Nova Scotia says there isn't enough research available to draw firm conclusions about the impact on communities. The study says the use of high-volume fracking to extract oil and natural gas from shale deposits emerged as a profitable business only a decade ago, which means peer-reviewed studies are hard to come by. The discussion paper, written by social ecologist Shawn Dalton, will form the basis of a chapter in a report [Read more]
Sunshine Oilsands Ltd.: Appointment Of Non-Executive Director And Independent Non-Executive Director Resignation Of Co-Chairman
CALGARY, Alberta and HONG KONG, June 27, 2014 /CNW/ - The board of directors (the "Board") of Sunshine Oilsands Ltd. (the "Corporation") announces that Mr. Songning Shen has resigned as Co-Chairman of the Corporation with effect from 27 June 2014, but shall remain on the Board as a non-executive director. Mr. Shen has confirmed that he has no disagreement with the Board and there are no matters relating to his resignation as Co-Chairman that need to be brought to the attention of the [Read more]
PanTerra Announces Closing of $130 Million Bought Deal Financing of Subscription Receipts
CALGARY, ALBERTA--(Marketwired - June 27, 2014) - PanTerra Resource Corp. ("PanTerra" or the "Corporation") (TSX VENTURE:PRC) is pleased to announce that it has closed its previously announced bought deal financing of subscription receipts of the Corporation (the "Subscription Receipts") with a syndicate of underwriters co-led by Desjardins Capital Markets and TD Securities Inc. (together, the "Co-Lead Underwriters") and including Raymond James Ltd., Beacon Securities Limited, Haywood Securities [Read more]
Encana Reaches Agreement to Sell Bighorn Assets to Jupiter Resources for Approximately US$1.8 Billion
CALGARY, AB--(Marketwired - June 27, 2014) - Encana has reached an agreement with Calgary, Alberta-based Jupiter Resources to sell its Bighorn assets for approximately US$1.8 billion (C$2.0 billion). "This transaction advances our strategy by unlocking value from our portfolio as we focus on developing our core growth plays and extracting additional value from our base assets," says Doug Suttles, Encana President & CEO. "Bighorn is a high quality asset that has not been receiving [Read more]
Jupiter Resources to Acquire Encana’s Bighorn Assets
CALGARY, Alberta & NEW YORK--(BUSINESS WIRE)--Jupiter Resources Inc. (“Jupiter Resources”) announced today that it has agreed to acquire Encana’s Bighorn assets in the Alberta Deep Basin for CAD$2.0 billion (before closing adjustments). These properties include approximately 360,000 net acres of land and first quarter production of 319 mmcfe/d (after royalties) of liquids-rich natural gas. The transaction is subject to satisfaction of normal closing conditions, as well as regulatory [Read more]