CALGARY - A newspaper owner with a $26-billion plan to refine oilsands crude on the West Coast said Wednesday he'll be seeking loan guarantees from Ottawa in support of the proposed project.David Black said he plans to approach the federal government in the spring and ask it to guarantee about one third of the total financing it needs for a new facility near Kitimat B.C.That doesn't involve Ottawa putting up the money, but a federal guarantee would enable Black's company, Kitimat Clean Ltd., to [Read more]
News
Tamarack Valley Energy Ltd. Provides an Operational Update
CALGARY, ALBERTA--(Marketwired - Oct. 17, 2013) - Tamarack Valley Energy Ltd. (TSX VENTURE:TVE) ("Tamarack" or the "Company") is pleased to announce the following operational and drilling update. Production Update Tamarack is pleased to announce that based on its successful 2013 drilling program, it expects to meet its third quarter 2013 production target of 3,125 to 3,185 boe/d. The Company remains on target of achieving its 2013 average production guidance average rate of [Read more]
Crew Energy Inc. Announces Private Offering of Senior Unsecured Notes
CALGARY, ALBERTA--(Marketwired - Oct. 16, 2013) - NOT FOR DISSEMINATION IN THE UNITED STATES - FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAW Crew Energy Inc. (TSX:CR) ("Crew" or the "Company") announces that it has entered into an agreement with a syndicate of underwriters to issue C$150 million in aggregate principal amount of 8.375% per annum, 7-year senior unsecured notes (the "Notes"). The Notes will be direct senior [Read more]
Long Run Exploration Ltd. Closes Previously Announced Property Acquisition in Core Areas
CALGARY, ALBERTA--(Marketwired - Oct. 16, 2013) - Long Run Exploration Ltd. ("Long Run" or "the Company") (TSX:LRE) is pleased to announce the closing of the previously announced acquisition of properties and associated infrastructure (the "Acquisition") in the Company's core areas of Edmonton and Peace River. The focus of the Acquisition was on the consolidation of acreage, facilities, and key infrastructure in the Redwater area. In addition, the Acquisition adds approximately 100 Viking [Read more]
Pipeline debates best fought at local level, Kinder Morgan president says
CALGARY - Past efforts by Ottawa to take on pipeline opponents weren't especially helpful, as those debates are best fought at the local level, said the president of pipeline builder Kinder Morgan Canada."I was not a huge supporter of how actively the federal government was a year or two ago in promoting pipeline projects for its interests and taking on some of the opposers," Ian Anderson told an Calgary business audience on Wednesday."I think that they have a role to play in setting regulations [Read more]
Enbridge pipeline reversal plan a threat to First Nations communities: lawyer
TORONTO - An Enbridge proposal to reverse the flow of a pipeline running between southern Ontario and Montreal puts First Nations communities at risk, a National Energy Board panel heard Wednesday.Lawyer Scott Smith, representing the Aamjiwnaang First Nation and the Chippewas of the Thames First Nation, said the board has a duty to ensure the Crown adequately consults with his clients before making a decision on Enbridge's Line 9 — a consultation he said hasn't happened.Calgary-based Enbridge [Read more]
Greenpeace protesters blockade Kinder Morgan pipeline, fail to disrupt operations
BURNABY, B.C. - An attempt by Greenpeace protesters to stop the shipment of oil from Kinder Morgan's British Columbia storage facility didn't quite go as planned because there weren't any vessels scheduled to be at the facility.The protest began when two people chained themselves to the company's front gate on a fog-shrouded Wednesday morning at the suburban Vancouver plant."We have shut down the facility today," said Greenpeace spokesman Mike Hudema shortly after about a dozen demonstrators [Read more]
Questerre Energy Corporation (TSX:QEC): Fifth Liquids-Rich Montney Well Tests at Over 1,400 boe/d
CALGARY, ALBERTA--(Marketwired - Oct. 16, 2013) - Questerre Energy Corporation ("Questerre" or the "Company") (TSX:QEC) (OSLO:QEC) is pleased to report on the test results from its fifth horizontal well at 05-23-63-6W6M (the "05-23 Well") in the Kakwa-Resthaven area of west central Alberta. The 05-23 Well is approximately two miles west of the existing producing wells on its joint venture acreage and 70m to 100m deeper vertically. The well was successfully completed with a seven-stage [Read more]
RedWater Announces Director Resignation
OKOTOKS, ALBERTA--(Marketwired - Oct. 16, 2013) - RedWater Energy Corp. ("RedWater") (TSX VENTURE:RED) announces the resignation of Kevin Dickson as a director of RedWater. The directors wish to thank Mr. Dickson for his contributions to RedWater since its formation and wishes him the best in his other ventures which required him to resign. Business of RedWater Energy Corp. RedWater Energy Corp. is an emerging oil and gas exploration and development company. RedWater is engaged [Read more]
Hemisphere Energy to Acquire Oil Assets in Southeast Alberta
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 16, 2013) - Hemisphere Energy Corporation ("Hemisphere" or "the Company") (TSX VENTURE:HME) is pleased to announce it has entered into a formal letter of intent with an intermediate Canadian producer to purchase certain oil and gas assets in the Atlee Buffalo area of southeast Alberta. Highlights of the strategic acquisition: Stable, operated production of approximately 60 barrels of oil equivalent per day [Read more]