CALGARY, ALBERTA--(Marketwired - Nov. 26, 2013) - Terra Energy Corp. ("Terra" or the "Company") (TSX:TT) announces the extension of the existing lending facility (the "Facility"). The Company has agreed with its syndicate of senior lenders, consisting of the Canadian Imperial Bank of Commerce and ATB Financial, to amend the existing Facility and extend it through to November 30, 2013 to facilitate the continuing debt restructuring process. Terra is a junior oil and gas [Read more]
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RMP Energy Provides Ante Creek Drilling Results
CALGARY, ALBERTA--(Marketwired - Nov. 26, 2013) - RMP Energy Inc. ("RMP" or the "Company") (TSX:RMP) is pleased to provide completion results from recent Ante Creek drilling activity. In the fourth quarter, RMP successfully drilled and completed two additional, 100% working interest Montney formation horizontal oil wells located at 1-25-66-24W5M and 4-26-66-24W5M. Both wells underwent successful 23 stage hydraulic fracture stimulations. Results are as follows: The 1-25 well [Read more]
Anterra Announces $12 Million Nipisi Property Acquisition
CALGARY, ALBERTA--(Marketwired - Nov. 26, 2013) - Anterra Energy Inc. ("Anterra" or the "Company") (TSX VENTURE:AE.A)(OTCQX:ATERF) is pleased to announce an arm's length property acquisition in the Nipisi area of north central Alberta. On November 26, 2013, the Company entered into a Purchase and Sale Agreement for the acquisition of producing oil properties in the Nipisi area of north central Alberta, for a cash consideration of $12.1 million, prior to closing adjustments and any [Read more]
Some progress in oilsands tech sharing, but still much to do: COSIA
CALGARY - Forget herding cats. The head of the Canadian Oil Sands Innovation Alliance says getting 13 oilsands firms to share technology with each other is more like herding lions and tigers. But Dan Wicklum says COSIA has made some progress since it was formally launched 21 months ago — though there's still a ways to go. Since COSIA's inception, Wicklum says 560 technologies that collectively cost $900 million to develop have been shared amongst Canada's biggest oilsands players and that [Read more]
Flood costs to offset Alberta budget gains, province reports higher oil royalties
EDMONTON - Finance Minister Doug Horner says Alberta's economy is doing much better than expected this year, but he says those gains will be offset by the costs of flood reconstruction. Horner made the comments as he revealed figures at the halfway point for the current budget year. The province had expected to run a deficit in day-to-day operational spending this fiscal year, but Horner says due to higher oil royalties, they're now running a $1 billion surplus. But Horner says even [Read more]
Petro One and Goldstrike Announce Oil & Gas Drilling Joint Venture
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 26, 2013) - Petro One Energy Corp. (TSX VENTURE:POP)(PINKSHEETS:CUDBF)(FRANKFURT:C6K1) and Goldstrike Resources Ltd. (TSX VENTURE:GSR)(PINKSHEETS:APRAF)(FRANKFURT:KCG1) are pleased to announce plans for a joint venture to drill a series of oil wells on leases controlled by Petro One in Southwestern Manitoba and Southeastern Saskatchewan. The initial program will consist of up to three test wells to be drilled at South Reston, Kirkella and Milton, [Read more]
PanTerra Announces Board Appointment
TSX-V: PRC CALGARY, Nov. 26, 2013 /CNW/ - PanTerra Resource Corp. ("PanTerra" or the "Company") is pleased to announce that Ms. Pat Nelson has joined the Company's Board of Directors. Ms. Nelson is a welcome addition to PanTerra and brings a wealth of oil & gas and business experience to its Board. Ms. Nelson served for fifteen years as an elected member of the Alberta Legislative Assembly where she held office as Minister of Energy, Minister of Economic Development and Tourism as well as [Read more]
Marquee Energy Ltd. announces closing of $8.2 million private placement financing of Flow-Through Shares
CALGARY, Nov. 26, 2013 /CNW/ - Marquee Energy Ltd. ("Marquee") (TSX-V: MQL) is pleased to announce that it has closed its previously announced private placement of 8,000,500 common shares in the capital of Marquee ("Common Shares") issued on a Canadian exploration expense flow-through basis under the Income Tax Act (Canada) (the "CEE Flow-Through Shares") at a price of $0.95 per CEE Flow-Through Share and 660,000 Common Shares to be issued on a Canadian development expense flow-through basis [Read more]
Delphi Reports Continued Success at Bigstone
CALGARY, ALBERTA--(Marketwired - Nov. 26, 2013) - Delphi Energy Corp. (TSX:DEE) ("Delphi" or the "Company") is pleased to provide the following operations update on its Montney capital program. Delphi has completed and tested its fourth consecutive horizontal Montney well utilizing a 30 stage slickwater hybrid completion. The first three Montney wells at East Bigstone stimulated with the same 30 stage slickwater hybrid fracturing technique continue to exceed the Company's type well [Read more]
Yangarra Re-Allocates Bought Deal Financing
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE U.S./ CALGARY, Nov. 25, 2013 /CNW/ - Yangarra Resources Ltd. ("Yangarra" or the "Corporation") (TSXV: YGR) announces it has agreed with the underwriters to re-allocate the previously announced financing. Due to increased demand for Canadian development expenses the allocation of CDE flow through Shares has been increased by $1,000,000 and the allocation of common shares has been reduced by the same amount. Yangarra will [Read more]