CALGARY, ALBERTA--(Marketwired - Sept. 3, 2013) - Kallisto Energy Corp. (TSX VENTURE:KEC) ("Kallisto" or the "Company") is pleased to announce that drilling operations to test for Elkton light oil at its Crossfield 16-26-027-01W5 location ("16-26") have concluded. The 16-26 well has been logged and cased. Completion and testing operations will be undertaken shortly. Kallisto farmed out a portion of its interest in the 16-26 well, resulting in Kallisto paying 40% of the cost of the well [Read more]
News
Novus stock still halted
Novus' stock is still ineligible for trading after IIROC halted the stock "At the Request of the Company Pending News." Novus was trading at $0.84 when the stock halted Wednesday Aug 28 at 8:37AM ET. The company, which produces over 3,100 boe/d primarily Viking oil, initiated a value realization process with Coramrk and FirstEnergy. Novus stock chart: UPDATE: Novus Energy Inc. enters into definitive agreement to be acquired by Yanchang Petroleum International Limited [Read more]
Edge Resources Inc. Announces Record Quarterly Results Debt Restructuring, and Production and Reserve Update
CALGARY, ALBERTA--(Marketwired - Sept. 3, 2013) - Edge Resources Inc. (TSX VENTURE:EDE)(AIM:EDG) ("Edge" or the "Company") reports record financial and operating results for the three month period ending June 30, 2013. Edge is also pleased to announce that it has lowered the interest rate on its loan with a subordinated lender and extended the due date of that loan until 2017. Additionally, the Company has achieved record operating and financial results during the last quarter due to lower [Read more]
Delphi Energy Releases Midyear 2013 Reserves Update
CALGARY, ALBERTA--(Marketwired - Sept. 3, 2013) - Delphi Energy Corp. (TSX:DEE) ("Delphi" or the "Company") is pleased to provide updated crude oil and natural gas reserves information as of June 30, 2013. In the first six months of 2013, Delphi continued the development of its Montney play at Bigstone by bringing three additional horizontal Montney wells on production. These three new wells were completed with a slickwater hybrid fracture stimulation, a completion technique which had [Read more]
Oil prices remain above US$107 on Syria
(AP) - Oil prices were down slightly but still above $107 a barrel Tuesday as President Barack Obama's struggle to win support for U.S. military intervention in Syria diminished expectations of an imminent attack. By early afternoon in Europe, benchmark crude for October delivery was down 35 cents to $107.30 a barrel in electronic trading on the New York Mercantile Exchange. The contract fell $1.15 to close at $107.65 on Friday and Nymex floor trading was closed Monday because of Labor [Read more]
Bellatrix announces the successful closing of its previously announced $200 million strategic joint venture partnership and $52.5 million asset disposition
CALGARY, Sept. 3, 2013 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE MKT: BXE) is pleased to announce it has successfully closed the previously announced asset sale (the "Asset Sale") and joint venture (the "Joint Venture") with the Canadian subsidiaries of Daewoo International Corporation ("Daewoo") and Devonian Natural Resources Private Equity Fund ("Devonian"). Under the terms of the associated agreements, Bellatrix sold, effective July 1, 2013, to the [Read more]
TriOil provides update on strategic process
CALGARY, Sept. 3, 2013 /CNW/ - (TSXV:TOL) TriOil Resources Ltd. ("TriOil" or the "Company") announces that it has extended the period of exclusive negotiations between itself and another party in relation to its strategic alternatives process. The exclusive negotiation period has been extended from the end of August to the second half of September 2013 by mutual agreement of the parties. At the present time, there can be no assurances or guarantees that these negotiations will result in an [Read more]
See what energy merger ranks in the Top 10 deals
(AP) - On Monday, Verizon Communications Inc. agreed to pay $130 billion in cash, stock and other considerations to acquire Vodafone Group’s 45 percent stake in the Verizon Wireless business. The deal, if finalized, will be the second largest acquisition on record. According to research firm Dealogic, here are the other top 10 merger and acquisition deals on record. Dates reflect when the deals were announced, not when they closed. — Vodafone AirTouch PLC acquisition of Mannesmann AG, $172 [Read more]
Obama seeks authorization to strike Syria
WASHINGTON (AP) -- Short on support at home and allies abroad, President Barack Obama unexpectedly stepped back from a missile attack against Syria on Saturday and instead asked Congress to support a strike punishing Bashar Assad's regime for the alleged use of chemical weapons. With Navy ships on standby in the Mediterranean Sea ready to launch their cruise missiles, Obama said he had decided the United States should take military action and that he believes that as commander in chief, he [Read more]
Blacksteel Energy Inc. Announces Resignation of Director
CALGARY, ALBERTA--(Marketwired - Aug. 30, 2013) - NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE SERVICES Blacksteel Energy Inc. (TSX VENTURE:BEY) ("Blacksteel" or the "Corporation") announces that Greg McLean has resigned from the board of directors due to other commitments. The Corporation would like to thank Mr. McLean for his extensive contributions while on the board of Blacksteel. Blacksteel is a junior oil and gas company involved in [Read more]