CALGARY, April 10, 2013 /CNW/ - Palliser Oil & Gas Corporation ("Palliser" or the "Company") (TSX VENTURE:PXL) is pleased to report 2012 year end reserves and financial and operating results for the three months and year ended December 31, 2012. Certain selected financial and operational information is set out below and should be read in conjunction with Palliser's financial statements complete with the notes to the financial statements and related MD&A which will be available at [Read more]
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Poseidon Concepts up for sale under supervision of court-appointed monitor
CALGARY - Poseidon Concepts Corp. (TSX:PSN.TO ) has received temporary protection from its creditors under supervision of a court-appointed monitor and been put up for sale. The Calgary-based oilfield services company has been grappling with a number of problems, including the discovery that most of its revenue in the first nine months of 2012 was improperly booked and must be restated. PricewaterhouseCoopers Inc., a firm that provides audit, accounting and restructuring [Read more]
Storm Resources Ltd. Announces Increase to Bought Deal and Non-Brokered Financings
CALGARY, ALBERTA--(Marketwired - April 10, 2013) - NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS. STORM RESOURCES LTD. ("Storm") (TSX VENTURE:SRX) is pleased to announce that, in connection with its previously announced bought-deal financing, Storm and the a syndicate of underwriters led by FirstEnergy Capital Corp. and including National Bank Financial [Read more]
Redford warns carbon tax won’t necesarily increase 266%
By Canadian Press/BOE Report WASHINGOTN, - Alberta Premier Alison Redford is pouring cold water on reports her government already has a dollar amount in mind for an increase to its carbon tax on industry. Redford is in Washington talking up Alberta's environmental policies to support the approval of the Keystone XL pipeline. The premier has repeatedly stressed Alberta's existing $15 per tonne carbon tax on large emitters who don't meet a 12 per cent intensity reduction target. And [Read more]
US commercial crude inventories build below estimates
U.S. commercial crude oil inventories increased by 0.3 million barrels from the previous week, well below the expected build of ~1.5 million barrels. Total crude oil stocks of 388.9 million barrels are well above the upper limit of the average range for this time of year. Total commercial petroleum inventories increased by 5.9 million barrels last week. [table] [attr style="width: 25%"]April 5`[attr style="width: 25%"]March 29`[attr style="width: 25%"]Change`[attr style="width: 25%"]% [Read more]
Storm Resources Ltd. Announces $18 Million Bought Deal Financing and Up to $5.1 Million Non-Brokered Financing
CALGARY, ALBERTA--(Marketwired - April 10, 2013) - NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS. STORM RESOURCES LTD. ("Storm") (TSX VENTURE:SRX) is pleased to announce that it has entered into an agreement with a syndicate of underwriters led by FirstEnergy Capital Corp. and including National Bank Financial Inc., Peters & Co. Ltd., Macquarie [Read more]
Spyglass Resources Corp. Announces April Cash Dividend and Provides Risk Management Update
CALGARY, ALBERTA--(Marketwired - April 9, 2013) - NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS. All values are in Canadian dollars unless otherwise indicated. Conversion of natural gas volumes to barrels of oil equivalent (boe) are at 6:1. Spyglass Resources Corp (SGL.TO) ("Spyglass") is pleased to announce that its April cash dividend of $0.0225 [Read more]
Enbridge lawyers get their turn: question opponents at Northern Gateway hearings
PRINCE RUPERT, B.C. - Lawyers for Enbridge Inc. (TSX:ENB) are getting their turn to question opponents of the proposed Northern Gateway Pipeline as hearings examining the project continue in Prince Rupert. Enbridge spokesman Ivan Giesbrecht says company lawyers want more detail about research methods and evidence presented at the joint review panel hearings by groups critical of a twinned pipeline between Alberta and B.C.'s West Coast. Giesbrecht says questions this week will [Read more]
US Energy secretary nominee Ernest Moniz backs increased use of natural gas
WASHINGTON - Ernest Moniz, chosen by President Barack Obama to lead the Energy Department, says he will push to increase use of natural gas as a way to combat climate change even as the nation seeks to boost domestic energy production. Moniz, a physics professor at the Massachusetts Institute of Technology, said "a stunning increase" in domestic natural gas and oil production in recent years was nothing less than a "revolution" that has led to reduced emissions of carbon dioxide and [Read more]
Redford heads back to Washington to lobby for Keystone
WASHINGTON - Alberta Premier Alison Redford returns to Washington, D.C., today to lobby for the Keystone XL pipeline and highlight the province's record on the environment. Redford meets today with Canada's ambassador to the United States, Gary Doer, and will speak about the Keystone issue at the Brookings Institute. On Wednesday she will meet with members of Congress to reiterate the importance of the pipeline to the Canadian and American economies. U.S. President Barack [Read more]