CALGARY, ALBERTA--(Marketwired - June 17, 2014) - Spyglass Resources Corp. ("Spyglass", or the "Company") (TSX:SGL)(OTCQX:SGLRF) is pleased to announce the following board of director and executive management appointments, effective July 1, 2014: Tom Buchanan will assume the role of Chairman of the Board; Dan O'Byrne will assume the role of Chief Executive Officer and Director in addition to his current role as President; and Randall Findlay, the current Chair of the Board, will become [Read more]
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Strategic Oil & Gas Ltd. Provides Operations Update
CALGARY, ALBERTA--(Marketwired - June 17, 2014) - Strategic Oil & Gas Ltd. ("Strategic" or the "Company") (TSX VENTURE:SOG) is pleased to provide the following operations update. MUSKEG STACK UPDATE The Company's latest Muskeg Stack well (10-24) was drilled in March 2014 with 1,438 metres of horizontal section and a 15 stage completion program. The well has been tied in and producing for 52 days with initial rates well over the Company's Muskeg type curve. Initial rates for the Muskeg [Read more]
Oil slips as U.S. deploys small force to Iraq amid worsening violence
The price of oil dropped Tuesday after the U.S. said it was deploying a small group of troops to Iraq, which helped soothe fears somewhat over the prospect of a broader conflict that could disrupt crude supplies. Benchmark U.S crude for July delivery dropped 29 cents to US$106.61 a barrel in electronic trading on the New York Mercantile Exchange. The contract lost 1 cent to settle at $106.90 on Monday. Brent crude, a benchmark used to price international oils, fell 33 cents to $112.61 a [Read more]
Feds’ final decision on Northern Gateway later today
VANCOUVER - The federal government will announce its much-anticipated decision on the Northern Gateway pipeline after markets close today. Under its own rules, the Conservative government has a June 17 deadline for the final word on whether the 1,200-kilometre pipeline can be built linking the Alberta oilsands to a port on the British Columbia coast. A joint review panel of the National Energy Board and the Canadian Environmental Assessment Agency released a report in December recommending [Read more]
Keystone XL decision shouldn’t be symbol of Cda-US relations: Hillary Clinton
TORONTO - Washington's long-awaited decision to approve or reject the Keystone XL pipeline should not become a symbol of the relationship between the United States and Canada, former U.S. secretary of state Hillary Clinton said Monday.Speaking before a business crowd of roughly 1,800 in Toronto, Clinton said the controversial project — designed to move Alberta crude oil to the Gulf Coast — has become "a proxy for everything" as proponents and critics lock horns over its fate."However this [Read more]
Kelt Enters Into an Agreement to Acquire Strategic Montney Assets in Its Core Area Near Grande Prairie
CALGARY, ALBERTA--(Marketwired - June 16, 2014) - Kelt Exploration Ltd. ("Kelt" or the "Company") (TSX:KEL) has entered into an agreement to acquire a private Canadian oil and gas company 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 is subject to standard industry closing conditions and closing is expected to occur on or around July 2, 2014. The [Read more]
Alberta regulator checks oilsands companies for odours
PEACE RIVER, Alta. - Alberta's energy regulator is mounting a two-week, around-the-clock compliance check near Peace River to ensure oilsands companies are following new rules on odour emissions."We only have so many people in each field office across Alberta, so we've essentially saturated this area with staff to do a targeted sweep," Jeff Toering of the Alberta Energy Regulator said Monday.The sweep involves two three-person teams moving from facility to facility in alternating 12-hour shifts [Read more]
Inter Pipeline to Provide Diluent Transportation for JACOS-Nexen Hangingstone Project
CALGARY, ALBERTA--(Marketwired - June 16, 2014) - Inter Pipeline Ltd. ("Inter Pipeline") (TSX:IPL) announced today that it has entered into a binding agreement with Japan Canada Oil Sands Limited ("JACOS") and Nexen Energy ULC, a wholly owned subsidiary of CNOOC Limited ("Nexen"), to provide diluent transportation services for their jointly owned Hangingstone oil sands project. Under the initial term of the 20-year ship-or-pay agreement, Inter Pipeline will provide 7,000 barrels per day ("b/d") [Read more]
Suncor names Alister Cowan as Chief Financial Officer
CALGARY, ALBERTA--(Marketwired - June 16, 2014) - Suncor Energy today announced the appointment of Alister Cowan as Executive Vice President (EVP) and Chief Financial Officer (CFO) effective July 21, 2014. Alister comes to Suncor from Husky Energy, where he had been CFO since 2008. As Suncor's CFO, Alister will direct financial operations including controllers, investor relations, treasury, tax, internal audit and enterprise risk management. "We are extremely pleased that Alister is [Read more]
Artisan Energy Completes Initial Closing of Convertible Debentures
CALGARY, ALBERTA--(Marketwired - June 16, 2014) - Artisan Energy Corporation ("Artisan" or the "Corporation") (TSX VENTURE:AEC) is pleased to announce that it has completed a first closing of the previously announced brokered private placement of Convertible Debentures (the "Offering"), lead by Richardson GMP Limited. Artisan issued Convertible Debentures for net proceeds of $5.062 million ($5.362 gross proceeds less $300,000 paid in cash commissions). Net proceeds from this closing will be [Read more]