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]
News
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]
Hemisphere Energy Tests 400 boe/d Well in Jenner
VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 9, 2013) - Hemisphere Energy Corporation (TSX VENTURE:HME) is pleased to announce successful production test results of its recently drilled well in Jenner, southeast Alberta. Hemisphere's first horizontal well of its 2013 drilling program targeted the Glauconitic formation sandstones. The well was placed on test for an 88 hour period. Over the last 24 hours of the test, the well continued to flow up the casing at a stabilized choked pressure [Read more]
Keyera to spend $210M on new sour gas pipeline, additions to Simonette plant
CALGARY - Midstream natural gas company Keyera Corp. (TSX:KEY) is spending $120 million to construct a 90-kilometre, 12-inch sour gas gathering pipeline in northwestern Alberta. The Calgary-based company said Monday the sour gas gathering pipeline will run from the Wapiti region to the company's Simonette gas plant located northwest of Edson, Alta. Construction is slated to begin in the fall of 2013, and expected to be in service by the second quarter of 2014, pending regulatory [Read more]