VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 26, 2014) - Hemisphere Energy Corporation ("Hemisphere" or the "Company") (TSX VENTURE:HME) announces that it has entered in to an agreement to acquire certain petroleum and natural gas leases in the Atlee Buffalo area of southeast Alberta. The property includes an 85% working interest in 1.75 sections (1120 acres) of land adjacent to Hemisphere's existing landbase. Total consideration for the acquisition is $510,000. The transaction is [Read more]
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First Mountain Exploration Ltd. Announces Proposed Sale of Assets
CALGARY, ALBERTA--(Marketwired - June 26, 2014) - First Mountain Exploration Ltd. ("First Mountain" or the "Company") (TSX VENTURE:FMX) announces that it has entered into an arm's length transaction to sell certain petroleum and natural gas leases located in the Atlee Buffalo area of Alberta to an arm's length oil and gas producing company (the "Purchaser") for an aggregate purchase price of CDN$510,000 (the "Transaction"). The net proceeds from the Transaction will be added to the working [Read more]
Donnycreek Announces Third Quarter Results & Field Operations Update
CALGARY, ALBERTA--(Marketwired - June 26, 2014) - Donnycreek Energy Inc. ("Donnycreek" or the "Company") (TSX VENTURE:DCK) reports that it has filed its condensed interim financial statements and related Management's Discussion and Analysis ("MD&A") for the three and nine months ended April 30, 2014 with 2013 comparatives on SEDAR. Selected financial and operational information is outlined below and should be read in conjunction with Donnycreek's condensed interim financial statements for [Read more]
Kallisto Announces Flow-Through Share Private Placement and Shareholder Approval of Resolution Permitting Change of Control
CALGARY, ALBERTA--(Marketwired - June 26, 2014) - Kallisto Energy Corp. (TSX VENTURE:KEC) ("Kallisto" or the "Company") announces that it intends apply to the TSX Venture Exchange for approval to complete a non-brokered private placement of up to 14,285,714 Flow Through Common Shares (the "Flow Through Shares") at a price of $0.07 per Flow Through Share for gross proceeds of up to $1,000,000 with a minimum offering of $500,000. It is expected that insiders of the Company will subscribe for up to [Read more]
Crude oil falls as worries over effect of Iraqi insurgency on supplies eases
The price of oil fell Thursday as fears diminished somewhat over supply disruptions from Iraq.Benchmark West Texas Intermedate crude for August delivery slipped 66 cents to US$105.85 a barrel on the New York Mercantile Exchange. Brent crude, used to price international oils, eased 79 cents to US$113.21 a barrel in London.While concerns linger about violence in Iraq affecting global crude supplies, oil production and exports from the giant fields clustered in the country's south remain [Read more]
Paramount Provides Operational Update and Announces Equity Offerings Totaling $350 Million
CALGARY, ALBERTA--(Marketwired - June 26, 2014) - Paramount Resources Ltd. ("Paramount" or the "Company") (TSX:POU) is pleased to announce: Commissioning of the Company's wholly-owned 200 MMcf/d Musreau Deep Cut Facility is complete. The facility has been handed over to Paramount's operations team and final start-up activities are underway to begin delivering sales volumes. The Company is expanding the development of its liquids-rich Montney lands in the Kaybob area. To provide [Read more]
Seven Generations Energy Ltd. Reports Doubled Shipping and Processing Contract Volumes
CALGARY, June 26, 2014 /CNW/ - Seven Generations Energy Ltd. ("7G" or the "Company") is pleased to report that it has reached agreement with Aux Sable Canada LP (Aux Sable) and, separately, with Alliance Pipeline Ltd (Alliance) to double the previously contracted peak rich gas delivery volumes. Currently, the Company is contracted to deliver 250 MMcf/d of rich gas to Aux Sable's Channahon, Illinois extraction and fractionation facilities through the Alliance pipeline. The new long-term [Read more]
Trudeau slams Tory handling of temporary foreign worker file, calls it most ‘anti-Alberta’ program in years
OTTAWA - Justin Trudeau is describing the government's embattled temporary foreign worker program as among the most anti-Alberta federal policies in years. The Liberal leader made the remarks this week in Fort McMurray while campaigning in advance of Monday's byelection in the heart of oilsands country with candidate Kyle Harrietha. The comment invites comparisons to Pierre Trudeau's national energy program, a policy still reviled by Albertans 34 years after it sought to distribute the [Read more]
NEB authorizes 2D seismic survey in Baffin Bay and Davis Strait
CALGARY, June 26, 2014 /CNW/ - The National Energy Board (NEB or Board) has approved a Geophysical Operations Authorization (GOA) application from TGS-NOPEC Geophysical Company ASA (TGS), Petroleum GeoServices (PGS) and Multi Klient Invest AS (MKI) to conduct a 2D offshore seismic survey program (the Project) in Baffin Bay and Davis Strait over five years during the open water season. MKI will be the Project operator. The Board recognizes the importance of fostering better understanding and [Read more]
Report: Economic impact of Trans Mountain Pipeline Expansion Project flows across Canada
Employment benefits concentrated in British Columbia OTTAWA, June 26, 2014 /CNW/ - The Trans Mountain Pipeline Expansion Project would generate revenues for federal and provincial governments of more than $18.5 billion ($ 2012) between 2012 and 2037, and support over 108,300 person years of employment across the country. The project, which would triple the capacity of the existing pipeline that runs from Edmonton to Burnaby, B.C., would also contribute to a Canadian strategic objective — [Read more]