CALGARY, June 5, 2014 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE MKT: BXE) is pleased to announce that it has closed its previously announced bought deal offering of 18,170,000 common shares of the Company (the "Common Shares") at a price of $9.50 per Common Share for aggregate gross proceeds of $172,615,000 (the "Offering"). The Common Shares issued pursuant to the Offering included the exercise in full by the underwriters of the over-allotment option. The [Read more]
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Shoreline Energy Corp. Delays AGM Due to Strategic Review Process
CALGARY, ALBERTA--(Marketwired - June 5, 2014) - Shoreline Energy Corp. (the "Company" or "Shoreline") (TSX:SEQ) announces that it has delayed the date of its annual meeting to a date which will be no later than September 30, 2014. Shoreline had originally intended to hold its annual general meeting before June 30, 2014, but as the Company continues to advance its previously announced review of strategic alternatives, management has determined that such process may result in the requirement [Read more]
Oil slips 2 cents despite drop in crude supplies because refined fuel supplies are ample
The price of crude oil stayed flat Wednesday as falling stockpiles of crude were offset by rising supplies of refined fuels. Benchmark U.S. oil for July fell 2 cents to close at $102.64 a barrel in New York Mercantile Exchange. Brent crude, a benchmark for international oil used by many U.S. refineries, fell 42 cents to close at $108.40 a barrel in London. The Energy Department reported Wednesday that U.S. crude supplies fell by 3.4 million barrels last week as refiners increased activity [Read more]
Canadian Spirit Resources Inc. Announces Closing of Private Placements
CALGARY, ALBERTA--(Marketwired - June 4, 2014) - Canadian Spirit Resources Inc. ("CSRI" or the "Corporation") (TSX VENTURE:SPI) (OTCBB:CSPUF) announces that it has accepted certain subscriptions on its non-brokered private placements previously announced on May 26, 2014. The Corporation may accept further subscriptions in regards to these private placements. In the first private placement, the Corporation issued 3,060,000 units ("Units") at a price of $0.50 per Unit. Each Unit consists of one [Read more]
Ex-Navy SEAL Team Six member commissioned by pipeline critics to help kill Keystone XL project
WASHINGTON - A member of U.S. special operations forces who worked on the project to kill Osama bin Laden is now working on the project to kill the Keystone XL pipeline. Dave Cooper is a former member of the Navy SEALs squad, known informally as SEAL Team Six, who supervised and helped train the soldiers who killed bin Laden in 2011. The now-retired military man was hired by opponents of Keystone XL to conduct a threat assessment against the possible pipeline. The group that [Read more]
Husky Energy says it’s facing cost pressures at Sunrise oilsands plant
CALGARY - Husky Energy Inc. (TSX:HSE) says the price tag for the first phase of its Sunrise oilsands project in northern Alberta is going up, with costs of its central plant coming in higher than expected.Speaking at Husky's investor day on Wednesday, executives provided no details on how much higher costs could climb, as a final estimate has not been finalized.Sunrise Phase 1 was most recently projected to cost $2.7 billion. It is still on track to start up in the second half of this year."I'm [Read more]
TransCanada to Proceed With $1.9 Billion Merrick Mainline Pipeline Project
CALGARY, ALBERTA--(Marketwired - June 4, 2014) - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) announced today that its wholly-owned subsidiary, NOVA Gas Transmission Ltd. (NGTL), has signed agreements with Chevron Canada Limited (CVX) and an Apache Canada Ltd. wholly-owned and controlled partnership (APA) for approximately 1.9 billion cubic feet per day (Bcf/d) of firm natural gas transportation services to underpin the development of a major extension of TransCanada's NGTL [Read more]
Sunshine Oilsands Ltd. Announces Supplemental Report on Reserves Data and Other Oil and Gas Information in Respect of its West Ells Project Area
CALGARY and HONG KONG, June 4, 2014 /CNW/ - Sunshine Oilsands Ltd. ("Sunshine" or the "Corporation") (HKEX: 2012, TSX: SUO) is pleased to announce that it has received a supplemental independent reserves evaluation report (the "Supplemental Report") in respect of those four sections of oil sands lands within its West Ells SAGD project area for which it has obtained initial regulatory approval (the "West Ells Project Area"). The West Ells Project Area is the portion of the larger West Ells [Read more]
Husky Reveals Growth Portfolio and Reaffirms Balanced Growth Strategy
CALGARY, ALBERTA--(Marketwired - June 4, 2014) - Husky Energy (TSX:HSE) is advancing a greatly expanded portfolio of longer-wavelength projects to deliver steady, reliable growth and improve its quality of returns. In a period when many in the industry are retooling strategies and cutting programs, Husky is in a position where it can maintain its current capital spending profile while delivering higher quality earnings, production and cash flow growth. "In 2010 our portfolio essentially [Read more]
Bellatrix Exploration Ltd. Announces Exercise of Over-allotment Option
CALGARY, June 3, 2014 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE MKT: BXE) announces that it has received notice that the underwriters for its recently announced bought deal offering (the "Offering") intend to exercise the over-allotment option in full to purchase an additional 2,370,000 common shares of the Company (the "Common Shares") at a price of $9.50 per Common Share. As a result of the exercise of the over-allotment option, the Company will issue an [Read more]