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]
News
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]
Donnycreek Energy Inc.: All Outstanding 10 Percent Convertible Debentures Converted Into Common Shares
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 that further to its election to redeem all of its outstanding ten percent (10%) redeemable, convertible, unsecured debentures due June 15, 2014 ("Convertible Debentures") with such redemption to be effected on [Read more]
Secure Energy Services Inc. Announces Closing of the Acquisition of Target Rentals Ltd.
CALGARY, ALBERTA--(Marketwired - July 2, 2013) - Secure Energy Services Inc. ("Secure" or the "Corporation") (TSX:SES) and its wholly owned subsidiary Marquis Alliance Energy Group Inc. ("Marquis Alliance"), announced today that they have completed the previously announced acquisition of all of the issued and outstanding shares of Target Rentals Ltd. ("Target") for an aggregate purchase price of $39.8 million. The purchase price, after closing adjustments, was paid with $21.0 million in cash and [Read more]
Long Run Exploration Ltd. Provides Operational Update, Announces Management Changes, and Resource Assessment Findings
CALGARY, ALBERTA--(Marketwired - July 2, 2013) - Long Run Exploration Ltd. ("Long Run" or "the Company") (TSX:LRE) is pleased to provide an update on the Company's operations, an addition to the Long Run management team, and details of a recently completed resource assessment. Operational Update Long Run's current production is approximately 24,250 boe per day, including approximately 10,750 barrels per day of crude oil, 1,550 barrels per day of NGLs, and 71.7 million cubic feet of gas per [Read more]