CALGARY, March 24, 2014 /CNW/ - LGX Oil + Gas Inc. ("LGX" or the "Company") (TSXV:OIL) is pleased to announce it has filed on SEDAR its audited financial statements and related Management's Discussion and Analysis ("MD&A") for the year ended December 31, 2013 as well as its annual information form ("AIF") for the year ended December 31, 2013. Selected financial and operational information is outlined below and should be read in conjunction with LGX's audited financial statements, the [Read more]
News
Strategic Oil & Gas Ltd. Announces First Closing of Private Placements
CALGARY, ALBERTA--(Marketwired - March 24, 2014) - Strategic Oil & Gas Ltd. ("Strategic" or the "Company") (TSX VENTURE:SOG) announces that the Company has completed the first closing of its previously announced Private Placements. Pursuant to the Private Placements, the Company has issued 82,582,800 common shares (the "Common Shares") at a price of $0.50 per Common Share, for aggregate gross proceeds of $41,291,400. The securities issued pursuant to this portion of the private placement are [Read more]
National Energy Board releases new Safety and Environmental Performance Dashboard
CALGARY, March 24, 2014 /CNW/ - The National Energy Board (NEB or the Board) today released a new online Safety and Environmental Performance Dashboard. The Dashboard presents key safety and environmental protection data collected by the NEB as a part of its work to hold companies accountable for positive outcomes in these areas. "People are interested in information about how regulated pipeline companies perform on safety and environmental protection," said NEB Chair and CEO Gaétan Caron. [Read more]
Little evidence of high cancer rates in oilsands community: government study
EDMONTON - An Alberta government study hasn't found any overall evidence of high cancer rates in Fort Chipewyan downstream from the oilsands. The study has found high levels of two forms of the disease in the community. Fort Chip has worried for years about whether living downstream from oilsands developments is affecting the health of residents. A previous Alberta Cancer Board study found higher-than-normal rates of several rare cancers. Those included bile duct cancer — a finding [Read more]
Penn West Announces Appointment of New Senior Vice President and Chief Financial Officer
CALGARY, March 24, 2014 /CNW/ - PENN WEST PETROLEUM LTD. (TSX - PWT; NYSE - PWE) ("Penn West" or the "Company") is pleased to announce that Mr. David Dyck has been appointed Senior Vice President and Chief Financial Officer ("CFO") of Penn West effective May 1, 2014. Mr. Dyck replaces Todd Takeyasu who today is stepping down from the role. "On behalf of our Board of Directors and staff, I would like to thank Todd Takeyasu for his tireless efforts over his many years with Penn West and wish him [Read more]
Oil near $99 after China manufacturing drops
The price of oil fell slightly Monday following a drop in China’s manufacturing. Benchmark U.S. crude for May delivery was down 3 cents at $99.43 a barrel at 0825 GMT in electronic trading on the New York Mercantile Exchange. The contract rose 56 cents to $99.46 on Friday. Brent crude, used to set prices for international varieties of crude, fell 28 cents to $106.64 a barrel The preliminary version of HSBC’s purchasing managers’ index for China released Monday showed manufacturing dropped [Read more]
Border Announces Share Consolidation
CALGARY, ALBERTA--(Marketwired - March 24, 2014) - Border Petroleum Corp. ("Border" or the "Corporation") (TSX VENTURE:BOR) announces that the TSX Venture Exchange ("TSXV") has provided its final acceptance to the 10 to 1 share consolidation and name change of the Corporation which was approved by the shareholders of the Corporation at its annual and special meeting held on September 30, 2013. Effective at the opening on March 24, 2014, the common shares of Border Petroleum Limited will [Read more]
DeeThree Exploration Ltd. Announces 2013 Operating and Financial Results and Provides Operational Update
CALGARY, ALBERTA--(Marketwired - March 24, 2014) - DEETHREE EXPLORATION LTD. ("DeeThree" or the "Company") (TSX:DTX)(OTCQX:DTHRF) is pleased to announce that it has filed its audited financial statements for the year ended December 31, 2013 and related management's discussion and analysis with Canadian securities regulatory authorities. DeeThree's annual information form for the year ended December 31, 2013 has also been filed. The annual information form provides DeeThree's reserve data and [Read more]
Baytex Provides Update on Aurora Acquisition
CALGARY, ALBERTA--(Marketwired - March 24, 2014) - Baytex Energy Corp. ("Baytex") (TSX:BTE)(NYSE:BTE) provides an update on the status of its proposed acquisition of all of the shares of Aurora Oil & Gas Limited ("Aurora") pursuant to a scheme of arrangement under Australian law (the "Arrangement"). As a part of the process of completing the Arrangement, Aurora has filed a draft scheme booklet with the Australian Securities Investment Commission ("ASIC"). ASIC's review will be followed by [Read more]
Arctic regulators consider offshore drilling rules as industry interest grows
Growing industry interest in the offshore oil resources of Canada's Arctic is forcing northerners from east to west to confront hard questions about development. No actual drilling is likely to happen for years. But major decisions are being taken now as projects enter the regulatory system. Governments, aboriginal groups and Arctic communities are considering issues such as how to plug possible blowouts, who benefits from development and whether some waters should remain [Read more]