CALGARY, ALBERTA--(Marketwired - Jan. 28, 2014) - Artek Exploration Ltd. (TSX:RTK) of Calgary, Alberta ("Artek" or the "Company") is pleased to provide the following operations update: Late in fourth quarter, 2013 Artek drilled a successful Montney horizontal well from the 10-17-87-23W6M pad in the Inga South area. The well was completed with a total of 31 fracture intervals using a slickwater hybrid frac treatment. After a 140 hour clean up and production test period, the well was flowing at [Read more]
News
Elkwater Announces New Credit Facility and Proposed Non-Brokered Private Placement Financing
CALGARY, ALBERTA--(Marketwired - Jan. 28, 2014) - ELKWATER RESOURCES LTD. (the "Corporation") (TSX VENTURE:ELW) announces that it intends to enter into a new $4.1 million credit facility (the "Facility") with a Canadian chartered bank. Under the terms of the Facility, the Corporation will also raise an additional $1.5 million of financing through a combination of equity and/or subordinated debt. The Corporation intends to undertake a non-brokered private placement equity financing in each of [Read more]
SilverWillow Energy Corporation announces Alberta Energy Regulator’s deferral with respect to Audet Project regulatory application decision
CALGARY, Jan. 28, 2014 /CNW/ - SilverWillow Energy Corporation ("SilverWillow" or the "Corporation") (TSXV:SWE) has been advised by the Alberta Energy Regulator ("AER") that the AER is undertaking a technical review of the factors that affect reservoir containment of Steam Assisted Gravity Drainage ("SAGD") projects with a view to developing formal regulatory requirements in 2014. Until such requirements are issued, the AER will defer decisions on applications for thermal oil sands projects in [Read more]
Connacher Announces New Board Member
CALGARY, Jan. 28, 2014 /CNW/ - Connacher Oil and Gas Limited (TSX: CLL) ("Connacher" or the "Company") announces that Glen D. Roane has been appointed to its Board of Directors effective January 27, 2014. Mr. Roane has extensive professional experience as a successful investment banker and portfolio manager. In recent years he has been involved as a director of several companies and has contributed significantly to their success. He currently serves as a director of Enerplus Resources [Read more]
Oil above US$97 as market eyes Fed, supplies
The price of oil rose nearly two per cent Tuesday, reversing losses from the previous two sessions. Benchmark West Texas Intermediate crude for March delivery gained $1.69, or 1.8 per cent, to close at US$97.41 a barrel on the New York Mercantile Exchange. Two events could drive trading Wednesday: The latest report on U.S. oil supplies and the conclusion of a two-day meeting of the Federal Reserve's monetary policy committee. Fed officials are widely expected to reduce the central [Read more]
Tamarack Valley Energy Ltd. Announces Equity Financing
CALGARY, ALBERTA--(Marketwired - Jan. 28, 2014) - Tamarack Valley Energy Ltd. ("Tamarack" or the "Company") (TSX VENTURE:TVE) is pleased to announce that it has entered into a financing agreement with a syndicate of underwriters led by Dundee Securities Ltd. (the "Underwriters") to issue and sell on a "bought deal" basis, 7,000,000 common shares of Tamarack (the "Common Shares") at an issue price of $4.30 per Common Share resulting in gross proceeds of $30,100,000. Proceeds of the offering will [Read more]
Natural gas service restored in Manitoba communities after pipeline explosion
WINNIPEG - Natural gas was back again Tuesday in all Manitoba communities that had been left without heat following a pipeline explosion. TransCanada said service was restored to most communities overnight Monday and gas began flowing to the rest by Tuesday afternoon. "TransCanada expects no further interruptions to regular natural gas service for these communities as we continue to make repairs to the pipelines and valve station to bring them back into service," the company said in a [Read more]
Tamarack Valley Energy Ltd. Exceeds 2013 Production Guidance, Provides Cardium Update and 2014 Capital Program
CALGARY, ALBERTA--(Marketwired - Jan. 28, 2014) - Tamarack Valley Energy Ltd. (TSX VENTURE:TVE) ("Tamarack" or the "Company") is pleased to announce that it has surpassed its 2013 average production and 2013 exit production guidance as a result of our continued success in the Cardium and Viking. Based on field production estimates for December 2013, the Company averaged 4,718 boe/d (approximately 62% liquids), exceeding its exit production guidance rate of 4,200 to 4,300 boe/d. Based on these [Read more]
Hemisphere Energy Completes Initial 2014 Drilling Program
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan. 28, 2014) - Hemisphere Energy Corporation (TSX VENTURE:HME) announces that it has successfully drilled its first three development wells of the 2014 drilling program in the Atlee Buffalo and Jenner areas of southeast Alberta. Hemisphere's first well of the drilling program targeted the oil-bearing sandstones of the Glauconitic formation in the newly acquired Atlee Buffalo property. In Jenner, Hemisphere drilled two development horizontal wells [Read more]
Long Run Exploration Ltd. Announces Closing of $75 Million Bought Deal Convertible Debenture Offering
CALGARY, ALBERTA--(Marketwired - Jan. 28, 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 $75,000,000 aggregate principal amount of convertible unsecured subordinated debentures (the "Debentures") at a price of $1,000 per Debenture. A syndicate co-led by National Bank Financial Inc. and Scotia Capital Inc. and including TD Securities Inc., CIBC World Markets Inc., Peters [Read more]