CALGARY, ALBERTA--(Marketwired - Feb. 26, 2014) - Alexander Energy Ltd. (TSX VENTURE:ALX) ("Alexander" or the "Corporation") is pleased to announce that it has implemented its previously approved consolidation of the common shares of the Corporation (the "Common Shares") on the basis of one new Common Share for four existing Common Shares (the "Consolidation") and a name change to "Spartan Energy Corp." (the "Name Change"). The Consolidation and Name Change were approved at the special meeting [Read more]
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Chinook Energy Inc. Announces its December 31, 2013 Reserves, Operations Update and Renewal of Credit Facilities
CALGARY, ALBERTA--(Marketwired - Feb. 26, 2014) - Chinook Energy Inc. ("Chinook" or the "Company") (TSX:CKE) today announced the results of its year-end reserve evaluations effective December 31, 2013 as prepared by its independent evaluators. The Company has also provided an operations update and an update on the renewal of its credit facilities. Chinook's audit of its 2013 annual consolidated financial statements is not yet complete and accordingly all financial amounts referred to in this [Read more]
State Department IG Keystone XL contractor followed federal rules
WASHINGTON - The State Department's inspector general says a contractor that helped write an environmental review of the proposed Keystone XL oil pipeline complied with federal rules regarding possible conflict of interest.A report issued Wednesday said the contractor, Environmental Resources Management, fully disclosed its previous work with the pipeline operator, Calgary-based TransCanada. None of the work for TransCanada involved Keystone XL.London-based ERM largely wrote the State [Read more]
Oil up as US supplies rise less than expected; natural gas down
The price of oil rose Wednesday as U.S. oil supplies increased less than expected, but natural gas futures fell again on forecasts of warmer weather by the middle of March. Benchmark West Texas Intermediate crude for April delivery rose 76 cents to US$102.59 a barrel on the New York Mercantile Exchange. The U.S. Energy Department said crude oil supplies rose by 68,000 barrels last week, well below the increase of 1.5 million barrels expected by analysts surveyed by Platts. Supplies at the [Read more]
Mooncor Oil & Gas and Birch Lake Energy Announce Proposed Acquisition of Birch Lake by Mooncor
TORONTO, ONTARIO and CALGARY, ALBERTA--(Marketwired - Feb. 26, 2014) - Mooncor Oil & Gas Corp. ("Mooncor") (TSX VENTURE:MOO) and Birch Lake Energy Inc. ("Birch Lake") (TSX VENTURE:BLK) are pleased to announce that they have entered into a non-binding letter agreement (the "LOI") for the arm's length acquisition by Mooncor of 100% of the common shares of Birch Lake Energy Inc. ("Birch Lake") (TSX VENTURE:BLK). Pursuant to the terms of the LOI, the acquisition is subject to completion of [Read more]
Yoho Resources Inc. Announces Fiscal Q1 2014 Financial Results
CALGARY, ALBERTA--(Marketwired - Feb. 26, 2014) - Yoho Resources Inc. ("Yoho" or the "Company") (TSX VENTURE:YO) has filed today on SEDAR the financial statements for the three months ended December 31, 2013 and the related managements' discussion and analysis ("MD&A"). Copies of these documents may be found on www.sedar.com. Highlights Subsequent to fiscal Q1 2014, Yoho completed a transaction to sell its assets at Nig, British Columbia to Storm Resources Ltd. ("Storm") for a total [Read more]
Apache on the hunt for a partner in LNG export terminal
Apache is on the hunt for a partner in its LNG export terminal project. Speaking at an investor day conference, Apache's CEO said: “We can’t afford that...We’ve had serious discussions with a number of buyers, all in Asian markets.” Apache has already sold several assets across western Canada. See Apache's Canada presentation below: [Read more]
Canadian Spirit Resources Inc. Announces Shareholder Vote and Conversion of $3.0 Million Debenture
CALGARY, ALBERTA--(Marketwired - Feb. 26, 2014) - Canadian Spirit Resources Inc. (TSX VENTURE:SPI)(OTCBB:CSPUF) ("CSRI" or the "Corporation") is pleased to announce the results of the shareholder vote associated with the Annual General and Special Meeting of the Corporation held on February 19, 2014. Over 75% of the Corporation's shareholders voted and in excess of 95% voted in favour of each matter acted upon at the meeting, including the approval of Elmag Investments Inc. ("Elmag") as a [Read more]
Anti-keystone U.S. senators rant about Alberta oilsands: ‘Health miseries follow tar sands”
WASHINGTON - 'Horror stories' about the Alberta oilsands' impact on human health are being shared in Washington, D.C. A pair of anti-Keystone XL senators invited witnesses Wednesday to provide anecdotes about the effect on people near sites where the oil is extracted, transported and refined. They hope these human-interest stories might influence the Obama administration as it prepares its final decision on the Keystone XL pipeline. One of the speakers at the event was John O'Connor, an [Read more]
Joe Oliver to decide on Northern Gateway by mid-June
Natural Resources Minister, Joe Oliver, said on Tuesday he will decide whether to approve Northern Gateway by mid-June. On Dec. 19, the National Energy Board, recommended approving Enbridge's Northern Gateway pipeline. There's has been staunch opposition to the pipeline, though. First Nations groups and the BC government both oppose construction of the oil pipeline to the east coast. [Read more]