CALGARY, ALBERTA--(Marketwired - Nov. 1, 2013) - RMP Energy Inc. ("RMP" or the "Company") (TSX:RMP) is pleased to announce today that the Company has closed the previously-announced purchase of complementary Montney light oil assets located in its core areas of Ante Creek and Waskahigan in West Central Alberta for total cash consideration of approximately $38.0 million. RMP now holds a total of 106 sections (105.15 net) of land at Ante Creek, Waskahigan and Grizzly, wherein the Company has [Read more]
News
Pembina Pipeline Corporation reports another solid quarter of financial and operating results
Pembina secures financing to fund growth and announces plans to further expand pipeline capacity All financial figures are in Canadian dollars unless noted otherwise. This report contains forward-looking statements and information that are based on Pembina Pipeline Corporation's ("Pembina" or the "Company") current expectations, estimates, projections and assumptions in light of its experience and its perception of historic trends. Actual results may differ materially from those expressed or [Read more]
MEG Energy announces pricing of an offering of additional 7.0% Senior Notes due 2024
CALGARY, Nov. 1, 2013 /CNW/ - MEG Energy Corp. announced today that it has priced, at 101.0 percent of par to yield 6.83%, an offering of an additional US $200 million in aggregate principal amount of 7.0% senior notes due March 31, 2024 (the "New Notes"). The New Notes are being offered as additional notes under the indenture, dated as of October 1, 2013, among MEG, MEG Energy (U.S.) Inc. and Wilmington Trust, National Association, as trustee, pursuant to which MEG previously issued a total of [Read more]
Oil truck leaks crude on Alberta highway; police say driver forget to shut valve
KITSCOTY, Alta. - RCMP say a number of vehicles were covered with oil and needed a cleaning after a tanker truck leaked crude on an east-central Alberta highway.Mounties say the oil truck was leaking for about an 11-kilometre stretch on the Yellowhead Highway near Kitscoty.They say it appears the driver had failed to properly close a valve on the tanker.There were no collisions or injuries reported, although police say the amount of oil leaked in some areas was significant.Charges have been laid [Read more]
Police-car-burning shale gas protesters in New Brunswick being mistreated, lawyer says
MONCTON, N.B. - A lawyer representing shale gas protesters who were arrested at a demonstration near Rexton, N.B., two weeks ago says they have been poorly treated by police and the justice system.Alison Menard says some of the people still in custody have not been able to access their legal counsel or get personal hygiene products.The province's Justice Department could not be immediately reached.Menard and many of the protesters gathered on the steps of a courthouse in Moncton today to express [Read more]
International Frontier Resources Awarded 100% of 163,124-Acre License Area in the Tulita District south of Norman Wells
CALGARY, ALBERTA--(Marketwired - Nov. 1, 2013) - Central Mackenzie Valley ("CMV"), NWT - International Frontier Resources Corporation - TSX:IFR ("IFR" or the "Company") is pleased to announce that on October 31, 2013 the Minister of Indian and Northern Development Canada awarded IFR Exploration License 495 located in the Tulita area south of Norman Wells. The license covers an area of approximately 163,124 acres and has an initial term of five years commencing on March 16th, 2014 and expiring on [Read more]
Oil extends drop toward $96 a barrel
LONDON - The price of oil continued to fall on Friday as concerns over high supplies offset a report showing China's power-hungry manufacturing sector is strengthening.Benchmark U.S. crude for December delivery was down 14 cents at $96.24 a barrel by late morning in Europe in electronic trading on the New York Mercantile Exchange. The contract fell 39 cents on Thursday, leaving it down 5.8 per cent for the month of October.Ample supplies of crude have weighed on the price in recent weeks. The [Read more]
Shoreline Energy Corp. Closes Acceleration Resources Loan
CALGARY, ALBERTA--(Marketwired - Nov. 1, 2013) - Shoreline Energy Corp. (the "Company" or "Shoreline") (TSX:SEQ) is pleased to announce it has closed an upsized US$3,000,000 loan facility (the "New Facility") with Acceleration Resources ("Acceleration") as announced in the Company's press release of September 30, 2013 (the "September 30 Release"). A portion of the proceeds of the New Facility have been paid to Shoreline's primary lender, Alberta Treasury Branches ("ATB"), in partial prepayment [Read more]
MEG Energy announces proposed private offering of additional 7.0% Senior Notes due 2024
CALGARY, Nov. 1, 2013 /CNW/ - MEG Energy Corp. announced today the commencement of, subject to market and other conditions, a private offering of US $200 million in aggregate principal amount of additional 7.0% senior notes due 2024 (the "New Notes"). The New Notes are being offered as additional notes under the indenture, dated as of October 1, 2013, among MEG, MEG Energy (U.S.) Inc. and Wilmington Trust, National Association, as trustee, pursuant to which MEG previously issued a total of US [Read more]
Strategic Oil & Gas Ltd. Announces Completion of Facility Expansion
CALGARY, ALBERTA--(Marketwired - Nov. 1, 2013) - STRATEGIC OIL & GAS LTD. (TSX VENTURE:SOG) ("Strategic" or the "Company") is pleased to announce that the expansion and reconfiguration of the Company's oil battery and gas processing plant at Steen River (the "9-17 battery") is complete. Production being processed through the 9-17 battery was shut in since construction began on October 16, 2013 and will be brought back on production over the next couple of days. The completion of the [Read more]