CALGARY, ALBERTA--(Marketwired - Dec. 23, 2013) - Questerre Energy Corporation ("Questerre" or the "Company") (TSX:QEC)(OSLO:QEC) is pleased to report that it has closed its previously announced offering (the "Offering") of 5,865,000 common shares of the Company issued on a "flow-through" basis within the meaning of the Income Tax Act (Canada) at a price of $1.55 per Flow-Through Share, resulting in gross proceeds of $9,090,750, which includes the exercise in full of [Read more]
News
Delphi Announces Funding Arrangement and Provides Operations Update
CALGARY, ALBERTA--(Marketwired - Dec. 23, 2013) - Delphi Energy Corp. (TSX:DEE) ("Delphi" or the "Company") is pleased to provide the following corporate update. Funding Delphi has entered into a Gross Overriding Royalty ("GOR") agreement to partially fund the drilling of ten Montney wells in East Bigstone over the next 12 to 18 months. The parties purchasing the GOR ("Royalty Owners") will contribute $25.0 million over this time frame towards seven wells scheduled to be drilled [Read more]
Cardinal Energy Ltd. Announces Closing of $22.5 Million Over-Allotment Option
CALGARY, ALBERTA--(Marketwired - Dec. 23, 2013) - Cardinal Energy Ltd. (TSX:CJ) ("Cardinal") is pleased to announce that it has issued an additional 2,142,857 common shares at $10.50 per share for gross proceeds of $22.5 million pursuant to the exercise in full of the underwriters' over-allotment option in connection with its recently completed public offering. In total, Cardinal has raised $247.5 million pursuant to the public offering. The public offering was underwritten by a syndicate of [Read more]
Terra Energy Announces New $25MM Lending Facility with Senior Lender
CALGARY, ALBERTA--(Marketwired - Dec. 23, 2013) - Terra Energy Corp. ("Terra" or the "Company") (TSX:TT) is pleased to announce that it has entered into a new $25 million secured lending facility (the "Facility" or "Agreement") with a Senior Canadian Chartered Bank. The Facility is comprised of a $22.5 million revolving operating demand line and a $2.5 million non-revolving acquisition/development demand line with an annual renewal date of May1st. The proceeds of the Facility will [Read more]
Questerre Secures Final Contracts for Guaranteed Market Access
CALGARY, ALBERTA--(Marketwired - Dec. 23, 2013) - Questerre Energy Corporation ("Questerre" or the "Company") (TSX:QEC)(OSLO:QEC) is pleased to announce that is has concluded the final agreements for market access for its natural gas and liquids production in the Kakwa-Resthaven area of west central Alberta. Michael Binnion, President and Chief Executive Officer, commented, "These contracts are the cornerstone of our wellhead to burner tip strategy. They include firm [Read more]
TransCanada CEO confident Obama will approve pipeline (video)
Speaking on Bloomberg TV, TransCanada CEO, Russ Girling said he's very confident the US govt will approve the Keystone XL pipeline. Watch the video below: [Read more]
Atikwa Resources Inc. Provides Court Proceedings and Operational Update
CALGARY, ALBERTA--(Marketwired - Dec. 22, 2013) - Atikwa Resources Inc. (the "Company") (TSX VENTURE:ATK) announces that the courts have adjourned the Receivership and Adjournment Applications decision to the week of January 6th, 2014 at a time to be determined. The Company has received a term sheet to replace the current debt with Century Services and is also actively seeking others. The Company has renewed the partnership with their farmout partner Antler River Resources (Antler) and [Read more]
Donnycreek Announces First Quarter Results & Provides Kakwa and Wapiti Field Operations Update
CALGARY, ALBERTA--(Marketwired - Dec. 20, 2013) - Donnycreek Energy Inc. ("Donnycreek" or the "Company") (TSX-V: DCK) reports that it has filed its condensed interim financial statements and related Management's Discussion and Analysis ("MD&A") for the three months ended October 31, 2013 with 2012 comparatives on SEDAR. Selected financial and operational information is outlined below and should be read in conjunction with Donnycreek's condensed interim financial statements for the three [Read more]
Sonde Resources Corp. Announces Agreement with Joint Oil to Extend the Drilling of First Exploration Well (Fisal-1) to November 2014
CALGARY, ALBERTA--(Marketwired - Dec. 20, 2013) - Sonde Resources Corp. (TSX:SOQ)(NYSE MKT:SOQ) ("Sonde") announced today that it has reached an agreement with Joint Oil to extend the drilling of the first exploration well, Fisal-1, required under the Exploration and Production Agreement as amended (the "EPSA"), from December 2013 to November 2014 (the "Agreement"). The Agreement requires Sonde to deliver to Joint Oil a Confirmed Standby Letter of Credit ("Letter of Credit") in the amount of [Read more]
Pipeline opponents promise pipeline war
VANCOUVER - Opponents of Northern Gateway said Friday that the war against the pipeline will now be waged against the federal government, which will decide the project's fate after a federal review panel recommended approval. A coalition of environmental groups gathered in Vancouver the day after the National Energy Board released its report and recommendations, to say that Calgary-based Enbridge (TSX:ENB) may have had the support of the panel, but not the public. Gerald Amos, chairman of [Read more]