CALGARY, ALBERTA--(Marketwired - Aug. 21, 2013) - Yoho Resources Inc. (TSX VENTURE:YO) ("Yoho" or the "Company") has filed today on SEDAR the financial statements for the nine months ended June 30, 2013 and the related managements' discussion and analysis ("MD&A"). Copies of these documents may be found on www.sedar.com. Highlights Yoho's production during fiscal Q3 2013 averaged 2,415 boe per day. Production for the quarter was negatively impacted for the entire month of May 2013 by [Read more]
News
Pan Orient Provides Update on Heavy Oil Demonstration Project at Sawn Lake, Alberta by Andora Energy Corporation
CALGARY, ALBERTA--(Marketwired - Aug. 21, 2013) - Pan Orient Energy Corp. (TSX VENTURE:POE), on behalf of its 71.8% owned subsidiary Andora Energy Corporation ("Andora"), is pleased to provide an update on Andora's Steam Assisted Gravity Drainage (SAGD) oil sands project at Sawn Lake in the Peace River oil sands area of Alberta, Canada. Sawn Lake, Alberta Oil Sands Project The SAGD project at Sawn Lake is in the pre-production stage. Andora holds working [Read more]
Tamarack Valley Energy Ltd. and Sure Energy Inc. Announce Combination, Greater Pembina Cardium Farm-in, and $25 Million Bought Deal Financing
CALGARY, ALBERTA--(Marketwired - Aug. 20, 2013) - Tamarack Valley Energy Ltd. ("Tamarack" or the "Company") (TSX VENTURE:TVE) and Sure Energy Inc. (TSX:SHR) ("Sure Energy") are pleased to announce that they have entered into an agreement (the "Arrangement Agreement") whereby Tamarack will acquire all of the issued and outstanding shares of Sure Energy (the "Transaction"). Sure Energy is a public company that has built a significant, Viking focused, land base and development well inventory in the [Read more]
TransCanada says Enbridge’s GTA pipeline is bad for Ontario consumers
CALGARY - TransCanada Corp. is urging Ontario's energy regulator to reject a proposal by rival Enbridge Inc. for bringing more natural gas into the Greater Toronto Area, arguing the project would not benefit consumers.In a filing to the Ontario Energy Board last Friday, TransCanada questions Enbridge's view that the GTA Pipeline will lead to savings by sourcing gas from a hub in southern Ontario versus one in Alberta.It also says the line, as currently proposed, would be too big and [Read more]
Blacksteel Energy Inc. Announces Receipt of Elkton Well License, Spud of Well and Change of Management
CALGARY, ALBERTA--(Marketwired - Aug. 20, 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") is pleased to announce the receipt by its industry partner of a well license to drill the Elkton 16-26-27-1 W5M well. Participation by Blacksteel as a farm-in partner on this well was announced previously by the Corporation, but receipt of the well license had been [Read more]
CNOOC says first half profit rises after Nexen buy
HONG KONG (AP) -- China's state-owned CNOOC says first half-profit rose 8 percent on higher oil and gas output after buying Canada's Nexen. Chairman Wang Yilin said Tuesday the company is now focused on integrating Nexen and getting ready for a listing on the Toronto Stock Exchange. The $15.1 billion purchase of Nexen, which closed in February, was China's biggest-ever overseas energy acquisition. The deal was part of a broader trend of Chinese resource companies making foreign [Read more]
TORQ Transloading to Expand Crude-By-Rail Services at North West Terminal in Unity, Saskatchewan
CALGARY, ALBERTA--(Marketwired - Aug. 20, 2013) - TORQ Transloading Inc. ("TORQ") is pleased to announce that construction has commenced on an expansion to rail infrastructure and services at the North West Terminal Ltd. ("NWT") in Unity, Saskatchewan (the "Unity Rail Terminal"). The project will provide TORQ and its crude-by-rail customers with dual access to both of Canadian National and Canadian Pacific's rail networks. The expansion will accommodate segregated crude storage and multiple [Read more]
Canadian Spirit Resources Inc. Announces Second Quarter 2013 Financial Results
CALGARY, ALBERTA--(Marketwired - Aug. 19, 2013) - Canadian Spirit Resources Inc. ("CSRI" or the "Corporation") (TSX VENTURE:SPI)(OTCBB:CSPUF) announces the release of its interim financial results and Management Discussion and Analysis ("MD&A") for the three and six month periods ended June 30, 2013. This news release summarizes information contained in the unaudited interim condensed financial statements and MD&A for the three and six month periods ended June 30, 2013 and should not be [Read more]
Southern Pacific Provides July Operational Update
CALGARY, ALBERTA--(Marketwired - Aug. 19, 2013) - Southern Pacific Resource Corp. ("Southern Pacific" or the "Company") (TSX:STP) today provided an operational update for the month of July 2013 with respect to the Company's STP-McKay and STP-Senlac thermal projects. Total Corporate Production Total Company production, including bitumen production from STP-McKay and heavy oil from STP-Senlac, averaged 4,483 bbl/d for the month of July 2013, representing a 3% increase from the [Read more]
Alberta sets rules on industry, aboriginal talks
EDMONTON - Alberta has set new rules on how resource industries must deal with aboriginal bands, despite the objections of at least one group that says the policy is designed to keep government in the driver's seat."Government has the complete upper hand," Eriel Deranger, a spokeswoman for the Athabasca Chipewyan First Nation, said Monday. "We don't want government to be developing stuff for us; we want to be developing things in partnership with governments."The final draft of how [Read more]