TORONTO, ONTARIO--(Marketwired - April 30, 2014) - Sprott Resource Corp. ("SRC") (TSX:SCP) and Long Run Exploration Ltd. ("Long Run") (TSX:LRE) today announced that they have entered into an agreement with a syndicate of underwriters, co-led by National Bank Financial Inc. and Cormark Securities Inc., for a secondary offering by SRC (the "Offering"), on a bought deal basis, of 12,654,635 common shares of Long Run ("Common Shares") at a price of $5.35 per Common Share for gross proceeds of [Read more]
News
PanTerra Announces Non-Brokered Private Placement
CALGARY, April 30, 2014 /CNW/ - PanTerra Resource Corp. ("PanTerra" or the "Corporation") is pleased to announce that it plans to complete a non-brokered private placement of up to 10,000,000 units (the "Units") at a price of $0.07 per Unit for total gross proceeds to the Corporation of up to $700,000 (the "Offering"). Each Unit will consist of one common share (a "Common Share") in the capital of the Corporation and one-half of one warrant to purchase a Common Share (a "Warrant"). Each whole [Read more]
Oil falls below US$100 a barrel on slow US economic growth, rising supplies
NEW YORK - The price of oil fell below US$100 a barrel for the first time in three weeks Wednesday as reports showed U.S. economic growth stalled in the first quarter and American oil supplies rose to record levels last week. Benchmark West Texas Intermediate crude for June delivery dropped $1.54 or 1.5 per cent to close at US$99.74 a barrel on the New York Mercantile Exchange. Brent crude, an international oil benchmark, fell 91 cents to US$108.07 on the ICE Futures exchange in [Read more]
Canadian Oil Sands Announces First Quarter Results and a Reduction in Major Project Costs
CALGARY, ALBERTA--(Marketwired - April 30, 2014) - Canadian Oil Sands Limited (TSX:COS)(OTCQX:COSWF) - All financial figures are unaudited and in Canadian dollars unless otherwise noted. "Higher production and crude oil prices contributed to a 30 per cent increase in cash flow from operations in the first quarter of 2014 compared with last year's first quarter," said Ryan Kubik, President and Chief Executive Officer. "Syncrude has also made significant progress on our major projects. Our [Read more]
Members of Congress contemplate forcing Obama’s hand on Keystone XL
WASHINGTON - Some people in Washington want to try to force U.S. President Barack Obama to make a decision on the Keystone XL pipeline, whether he likes it or not. There's talk in Congress about attaching a pipeline provision to an existing bill in an attempt to force the president's hand. The White House is refusing to say whether the president would veto such a bill. At today's media briefing, presidential spokesman Jay Carney urged Congress to stay out of the issue and refused to [Read more]
Four companies sign deal to develop LNG Canada but much work to be done:CEO
VANCOUVER - Four companies have signed on to develop LNG Canada, the entity behind a proposed liquefied natural gas project, which B.C. Premier Christy Clark says has reached an important milestone.Shell Canada, PetroChina, Korea Gas Corp. and Mitsubishi are taking part in the project located in Kitimat, B.C.LNG Canada CEO Andy Calitz says the agreement does not mean that a final decision to build the project has been made.He says such a massive undertaking comes with significant investment [Read more]
Shell Canada increases stake in LNG Canada as joint venture passes milestone
VANCOUVER - Shell Canada Energy has increased its stake in the LNG Canaada joint venture, which has been formed to build a terminal to export Canadian liquefied natural gas from Kitimat, B.C. The LNG Canada partners announced Wednesday that Shell will own 50 of the joint venture, up from 40 per cent, while Korea Gas Corp (KOGAS) and Mitsubishi Corp. have each reduced their shares by five percentage points to 15 per cent. The fourth partner, PetroChina, continues to own 20 per cent of LNG Canada. [Read more]
Long Run Exploration Ltd. Announces Closing of $120 Million Bought Deal Subscription Receipt Offering
CALGARY, ALBERTA--(Marketwired - April 30, 2014) - Long Run Exploration Ltd. (TSX:LRE) ("Long Run" or the "Company") is pleased to announce that it has closed its previously announced offering (the "Offering") of 23,530,000 subscription receipts (the "Subscription Receipts") at a price of $5.10 per Subscription Receipt. A syndicate co-led by National Bank Financial Inc. and Macquarie Capital Markets Canada Ltd. and including Scotia Capital Inc., Cormark Securities Inc., Canaccord Genuity Corp., [Read more]
Tuscany Announces Significant Sparky Acreage Acquisition, Macklin, Saskatchewan
CALGARY, ALBERTA--(Marketwired - April 30, 2014) - Tuscany Energy Ltd. ("Tuscany") (TSX VENTURE:TUS) is pleased to announce that it has recently acquired a 100% interest in 567 acres adjacent to its Macklin heavy oil pool, comprised of a producing natural gas well and rights to the Sparky formation. The significance of this acquisition is that it increases Tuscany's holdings in the Macklin area to a 100% interest in approximately 1,400 acres of prospective oil bearing Sparky lands. The [Read more]
Gibson Announces Additional Storage Capacity at Hardisty
CALGARY, ALBERTA--(Marketwired - April 30, 2014) - Gibson Energy Inc. ("Gibson" or the "Company"), (TSX:GEI), is pleased to announce that it has received committed support, from a new customer, for two 300,000 barrel crude oil storage tanks at the Company's Hardisty Terminal. The two additional tanks contribute to a total of six new tanks being constructed at Hardisty, increasing total storage capacity under development to 2.3 million barrels. "The contracting of 2.3 million barrels of new [Read more]