CALGARY, ALBERTA--(Marketwired - May 5, 2014) - Lightstream Resources Ltd. (the "Company" or "Lightstream") (TSX:LTS) is pleased to announce our first quarter financial and operating results. FIRST QUARTER FINANCIAL & OPERATING HIGHLIGHTS First quarter production averaged 43,959 barrels of oil equivalent per day ("boepd") (80% light oil and liquids), a decrease of 3% from the fourth quarter of 2013 due to dispositions completed during the quarter of 1,700 boepd (66% gas [Read more]
News
Supporters, opponents of Keystone XL oil pipeline from Canada jockey as US Senate vote nears
WASHINGTON - Supporters and opponents of the long-delayed Keystone XL oil pipeline from Canada jockeyed for position ahead of an expected U.S. Senate vote on legislation authorizing immediate construction of the project.An oil industry group that supports the pipeline launched a five-state ad campaign aimed at undecided senators, while an environmental group mobilized activists to urge lawmakers to vote against any attempt to force President Barack Obama to decide the pipeline's fate. Canada's [Read more]
Freehold Royalties Ltd. Closes Acquisition of Royalty Production and Mineral Title Lands
CALGARY, ALBERTA--(Marketwired - May 5, 2014) - Freehold Royalties Ltd. (Freehold) (TSX:FRU) announces that it has closed the previously announced acquisition involving royalty interests in southeast Saskatchewan and Manitoba (Vendor assets). Total consideration associated with the transaction was $111 million (before closing adjustments) with Freehold funding the deal through its existing bank credit line. In addition, as part of the transaction, Canpar Holdings Ltd., a wholly-owned [Read more]
Crude oil price falls slightly as data shows slowdown in Chinese manufacturing
NEW YORK - The price of oil fell slightly Monday after a report showed a fourth consecutive month of contraction in China's manufacturing sector.Benchmark West Texas Intermediate crude for June delivery fell 28 cents to close at US$99.48 a barrel. Brent crude, a benchmark for international varieties of oil, dropped 87 cents to US$107.72 on the ICE Futures exchange in London.Oil prices were kept in check by new data pointing to a continuing slowdown in China, the world's second-largest economy, [Read more]
Petrus Resources Ltd. Announces $40 Million Private Placement
CALGARY, ALBERTA--(Marketwired - May 5, 2014) - Petrus Resources Ltd. ("Petrus" or the "Company") is pleased to announce that it has entered into an agreement with a syndicate of agents led by RBC Dominion Securities Inc. as sole bookrunner and co-lead agent and GMP Securities L.P. as co-lead agent, and including Peters & Co. Limited, CIBC World Markets Inc. and Acumen Capital Finance Partners Limited (collectively, the "Agents") pursuant to which the Agents will offer up to 7,700,000 common [Read more]
B.C., Petronas sign LNG intent letter seeking ‘certainty of costs’
VICTORIA - British Columbia's government and Malaysian energy giant Petronas have signed a letter of intent that could lead to a final investment decision this year on building a multibillion liquefied natural gas project in the Prince Rupert area.The letter calls for the government and Petronas to negotiate a project development agreement by November of this year.Premier Christy Clark, who is travelling in Malaysia on an LNG trade mission, signed the letter of intent along with Petronas [Read more]
Forent Energy Announces 2013 Financial and Operating Results and Filing of NI 51-101 Annual Reserve Report
CALGARY, ALBERTA--(Marketwired - May 5, 2014) - Forent Energy Ltd. (TSX VENTURE:FEN) ("Forent" or the "Company") is pleased to announce that it has filed its audited Financial Statements and Management's Discussion & Analysis, for the period ending December 31, 2013, with applicable securities regulatory authorities in Canada. Copies of these documents can be accessed under the Company's profile on the SEDAR website at www.sedar.com and on the Company's website www.forentenergy.com. In [Read more]
Nova Scotia offshore board issues exploration bids for parcels on Scotian Slope
HALIFAX - The Canada-Nova Scotia Offshore Petroleum Board has issued a call for exploration bids on four parcels of the Scotian Slope.The slope area lies in water that extends 850 kilometres from the United States international border in the southwest, to the Newfoundland provincial border in the northeast.The board says the four parcels, which have potential for both oil and gas, are found at depths between 100 metres and 4,100 metres.Parcels one and two are in the western area and extend from [Read more]
DeeThree Exploration Announces $70 Million Bought Deal, Acquisition of Over 70 Sections of Alberta Bakken Lands, Operations Update and Increase in Credit Facility
CALGARY, ALBERTA--(Marketwired - May 5, 2014) - DEETHREE EXPLORATION LTD. ("DeeThree" or the "Company") (TSX:DTX)(OTCQX:DTHRF) is pleased to announce that it has entered into an agreement, on a bought deal basis, with a syndicate of underwriters co-led by Cormark Securities Inc. and Macquarie Capital Markets Canada Ltd., including Raymond James Ltd., CIBC, Dundee Securities Ltd., TD Securities Inc., National Bank Financial Inc., and Desjardins Securities Inc., to purchase 5,410,000 common shares [Read more]
Altima Intends to Complete Equity Financing for $12,500,000 at a Premium to Market and Consolidate Share Capital on an 8:1 Basis
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 5, 2014) - Altima Resources Ltd. (TSX VENTURE:ARH) ("Altima" or the "Company") announces that it intends to complete a private placement for gross proceeds of $12,500,000 (the "Financing"), subject to acceptance by the TSX Venture Exchange. These funds will be raised by the issuance of 138,888,886 Units (the "Units") at a price of $0.09 per Unit (currently being a premium to the Company's market price), each Unit consisting of one common share and [Read more]