CALGARY, ALBERTA (January 3, 2014) – Deloitte’s Resource Evaluation & Advisory group released its current Canadian domestic oil and gas price forecast today, along with a stern word of caution for investors. Deloitte’s analysis of the trends in futures pricing since 2010 gives a strong indication that oil is on its way down, and that natural gas prices will remain flat as far out as 2021 and 2022. In the commentary accompanying Deloitte’s December 31, 2013 forecast, Andrew Botterill, [Read more]
News
After train fires, US feds warn Bakken oil may be more flammable than other forms of oil
BILLINGS, Mont. - Following a string of explosive accidents, federal officials said Thursday that crude oil being shipped by rail from the Northern Plains across the U.S. and Canada may be more flammable than traditional forms of oil.A safety alert issued by the U.S. Department of Transportation warns the public, emergency responders and shippers about the potential high volatility of crude from the Bakken oil shale patch. The massive oil reserve is fueling the surging industry in eastern [Read more]
Forent Provides Operational Update, Confirms Interim Closing of Flow-Through Share Financing and Announces Common Share Financing
CALGARY, ALBERTA--(Marketwired - Jan. 2, 2014) - NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Forent Energy Ltd. ("Forent" or the "Company") (TSX VENTURE:FEN) confirms the interim closing on December 31, 2013 of a non-brokered private placement of flow-through common shares (the "Flow-Through Shares"). A total of 6,050,000 Flow-Through Shares were issued at a price of $0.10 per common share, for gross proceeds of $605,000. [Read more]
Forent Provides Operational Update, Confirms Interim Closing of Flow-Through Share Financing and Announces Common Share Financing
CALGARY, ALBERTA--(Marketwired - Jan. 2, 2014) - Forent Energy Ltd. ("Forent" or the "Company") (TSX VENTURE:FEN) confirms the interim closing on December 31, 2013 of a non-brokered private placement of flow-through common shares (the "Flow-Through Shares"). A total of 6,050,000 Flow-Through Shares were issued at a price of $0.10 per common share, for gross proceeds of $605,000. Insiders, including W. Brett Wilson, the Company's Chairman, purchased 3,850,000 Flow-Through Shares in the Private [Read more]
Alberta facing aboriginal legal onslaught over oilsands in 2014
EDMONTON - Simmering disputes over the oilsands between Alberta aboriginals and the provincial and federal governments will break into the open in 2014 as virtually every one of the many recent changes in oversight of the controversial industry comes under legal and political attack. "All litigation, all the time, is what I see on the horizon," said Larry Innes, lawyer for the Athabasca Chipewyan First Nation. Over the last 18 months, Ottawa and Edmonton have rewritten the book on resource [Read more]
Column: No need to fear hydraulic fracking
It is possible to be concerned about the natural environment and simultaneously be in favour of economic progress through energy development By Marco Navarro-Genie: HALIFAX, NS, Dec., 2013/ Troy Media/ – A recently published opinion survey by Insight West on the views of British Columbians regarding the proposed Northern Gateway Pipeline may give Canadians, and Atlantic Canadians specifically, reason to reflect on the prospects of greater energy development throughout Atlantic Canada. The [Read more]
Contact Exploration Announces Closing of Private Placement
CALGARY, ALBERTA--(Marketwired - Dec. 31, 2013) - NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES Contact Exploration Inc. ("Contact" or the "Company") (TSX VENTURE:CEX) is pleased to announce that it has closed its previously announced non-brokered private placement (the "Private Placement") of common shares in the capital of the Company, to be issued on a "flow-through" basis pursuant to the Income Tax Act (Canada) ("Flow-Through Shares"). Contact issued an aggregate of [Read more]
Lone Pine Resources Announces Filing of Restructuring Plan Supplement
CALGARY, ALBERTA--(Marketwired - Dec. 31, 2013) - Lone Pine Resources Inc. ("Lone Pine" or the "Company") today announced that the Company and its subsidiaries have filed with the Court of Queen's Bench of Alberta (the "Court") a supplement (the "Plan Supplement") to its previously-filed plan of compromise and arrangement under the Companies' Creditors Arrangement Act ("CCAA"), together with an amended and restated plan of compromise and arrangement (as amended, the "Plan") giving effect to [Read more]
Marquee Energy Ltd. announces completion of acquisition of strategic assets in Michichi core area and welcomes three new members to its Board of Directors
CALGARY, Dec. 31, 2013 /CNW/ - Marquee Energy Ltd. ("Marquee" or the "Company") (TSXV: MQL) is pleased to announce the closing of the previously announced acquisition by the Company of substantially all of the Western Canadian assets of Sonde Resources Corp. ("Sonde"), including all of its Southern Alberta properties (the "Assets"). The Assets are primarily located in Marquee's core area at Michichi, Alberta immediately offsetting Marquee's lands and production. The acquisition was completed [Read more]
Sonde Resources Corp. Announces Completion of Marquee Arrangement
CALGARY, ALBERTA--(Marketwired - Dec. 31, 2013) - Sonde Resources Corp. ("Sonde") (TSX:SOQ)(NYSE MKT:SOQ) announced today that it has received the requisite shareholder and court approval for its previously announced plan of arrangement (the "Arrangement") with Marquee Energy Ltd. and that the Arrangement has now been completed. Pursuant to the Arrangement, Marquee acquired substantially all of the Western Canada assets of Sonde, including all of its Southern Alberta properties (the "Assets"). [Read more]