CALGARY, ALBERTA--(Marketwired - July 3, 2013) - DEETHREE EXPLORATION LTD. ("DeeThree" or the "Company") (TSX:DTX)(OTCQX:DTHRF) today announced that it has appointed Mr. Kevin Andrus as an independent member to its Board of Directors. Mr. Andrus is the Portfolio Manager of Energy Investments with GMT Capital Corp., a private investment company based in Atlanta, Georgia. A graduate of the Masters of Business Administration program from Regis University, Mr. Andrus is also a Chartered [Read more]
News
Donnycreek Announces Bought Deal Equity Financing of $16.8 Million
CALGARY, ALBERTA--(Marketwired - July 3, 2013) - THIS NEWS RELEASE IS NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES OF AMERICA TO UNITED STATES NEWSWIRE SERVICES OR UNITED STATES PERSONS Donnycreek Energy Inc. ("Donnycreek" or the "Company") (TSX VENTURE:DCK) reports that it has engaged a syndicate of underwriters (the "Underwriters") led by RBC Capital Markets in connection with a bought deal offering (the "Offering") of 8,000,000 common shares of the Company [Read more]
CN taps into growing shale demand by servicing new Alberta frac sand terminal
By Ross Marowits, The Canadian Press Canadian National Railway is looking to tap into the growing North American demand for shale gas by launching service this fall to a new frac sand terminal being built in northwestern Alberta. The railway said Wednesday it has signed an agreement with Di-Corp, a distributor of specialty chemicals and equipment to the mining industry, that is building a facility to handle the material used in the hydraulic fracturing process that is growing in [Read more]
TriOil provides update on strategic process
CALGARY, July 3, 2013 /CNW/ - (TSXV:TOL) TriOil Resources Ltd. ("TriOil" or the "Company") announces that it has entered into exclusive negotiations with another party in connection its previously announced strategic alternatives process. The exclusive negotiation period will likely continue through the end of August 2013. Although the terms, conditions and structuring details of any potential transaction are to be negotiated and discussed, TriOil and its counterparty are contemplating [Read more]
Surge announces closing of $240 million acquisition of Elite, large OOIP(1) crude oil asset; conversion of subscription receipts; and better than anticipated drilling results at Valhalla and Silver
/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES./ CALGARY, July 3, 2013 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) is pleased to announce the closing of the previously announced $240 million acquisition of an elite, operated, crude oil producing asset in the southwest area of Saskatchewan; the conversion of 34,500,000 Subscription Receipts into common shares of the Company pursuant to the previously announced $247.5 million equity [Read more]
Surge announces closing of $247.5 million equity financing
/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES./ CALGARY, July 3, 2013 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) is pleased to announce the closing of its previously announced $247.5 million equity financing. The financing was completed in connection with the previously announced acquisition (the "Acquisition") by the Company of certain assets in Saskatchewan. The Company issued 15,000,000 units ("Units") of the Company on a [Read more]
CN to serve new 550,000-ton per year frac sand transloading terminal in northwestern Alberta
New Di-Corp terminal will accommodate rapid growth in frac sand demand from oil and gas industry EDMONTON, July 3, 2013 /CNW Telbec/ - CN (TSX: CNR) (NYSE: CNI) announced today it will start serving a new state-of-the art frac sand terminal north of Grande Prairie, Alta., starting in November 2013. The new 20-acre facility being built by Di-Corp of Edmonton will have an annual throughput capacity of 550,000 tons of frac sand and have three tracks capable of holding 44 rail cars for [Read more]
Oil up to near US$102 amid concerns that Egypt crisis may threaten supplies
The price of oil soared to above US$102 a barrel Wednesday for the first time in over a year as Egypt's political crisis intensified, raising the risk of fuel supply disruptions in the Suez Canal.A report showing an unexpectedly large fall in U.S. stockpiles of crude oil also helped boost prices.By early afternoon in Europe, benchmark crude for August delivery was up $1.86 at $101.46 a barrel in electronic trading on the New York Mercantile Exchange, having risen as high as $102.18 [Read more]
Donnycreek Reports Proved Plus Probable Reserves of 10.45 Million BOE at Kakwa
CALGARY, ALBERTA--(Marketwired - July 2, 2013) - THIS NEWS RELEASE IS NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES OF AMERICA TO UNITED STATES NEWSWIRE SERVICES OR UNITED STATES PERSONS Donnycreek Energy Inc. ("Donnycreek" or the "Company") (TSX VENTURE:DCK) reports the results of its interim independent reserve evaluation of the Middle Montney reservoir on the Company's Kakwa, Alberta property at March 31, 2013 conducted in accordance with the COGE Handbook by [Read more]
NB Premier says general discussion about pipeline at meeting with industry executives
TORONTO - New Brunswick Premier David Alward says a proposed west to east pipeline was discussed, but only in general terms at a meeting with industry and corporate executives Tuesday in Toronto.Alward says the project was part of a broader round-table discussion about the development of a range of energy projects in Canada that was hosted by federal Natural Resources Minister Joe Oliver.He says his province is waiting on a decision by TransCanada Corp. (TSX:TRP) on whether it thinks [Read more]