CUT BANK, MT, Dec. 1, 2014 /CNW/ - Mountainview Energy Ltd. ("Mountainview" or the "Company") (TSXV: MVW) is pleased to announce its operating and financial results for the quarter ended September 30, 2014. The Company also announces that its reviewed financial statements and management's discussion and analysis for the quarter ended September 30, 2014, are available on SEDAR at www.sedar.com, and on Mountainview's website at www.mountainviewenergy.com. Highlights of Mountainview's successful [Read more]
News
SilverWillow Energy Corporation announces resignation of director
CALGARY, Dec. 1, 2014 /CNW/ - SilverWillow Energy Corporation (TSXV:SWE) announces that Ms. Bonnie DuPont has tendered her resignation from SilverWillow's board of directors effective November 30, 2014. The company thanks Ms. DuPont for her valuable and dedicated contribution during her time on the board of SilverWillow and its predecessor companies. About SilverWillow Energy SilverWillow Energy Corporation is a Calgary, Alberta based exploration and development company with a portfolio [Read more]
Canadians’ future ‘hangs in the balance’ in pipeline debate: Alberta premier
VANCOUVER - Alberta's premier is urging the country to get behind several controversial pipeline projects linked to the province's oilsands, warning that all Canadians will "feel the pain" if they aren't approved and built soon.Premier Jim Prentice told a business audience in Vancouver that energy development such as Alberta pipelines, B.C. liquefied natural gas terminals and Quebec hydroelectric developments will be at the heart of Canada's economic future.In particular, Prentice said the [Read more]
Pengrowth Energy Announces Appointment of New Board Member Adding Additional Heavy Oil and Oil Sands Expertise
CALGARY, ALBERTA--(Marketwired - Dec. 1, 2014) - Pengrowth Energy Corporation (TSX:PGF) (NYSE:PGH) is pleased to announce the appointment of Margaret Byl to its Board of Directors. Ms. Byl is a seasoned executive with 30 years' experience in the Canadian energy sector in a wide range of upstream and corporate functions with Suncor Energy and Petro-Canada. In her various capacities, Ms. Byl gained expertise in heavy oil and oil sands development, from grass roots pilot projects to [Read more]
Traverse Energy Ltd. Closes Private Placement Financing
CALGARY, ALBERTA--(Marketwired - Dec. 1, 2014) - Traverse Energy Ltd. (the "Corporation") (TSX VENTURE:TVL) is pleased to announce that it has successfully closed its previously announced non-brokered private placement (the "Private Placement") to a single investor of 1,300,000 common shares of the Corporation ("Shares") issued on a "flow through" basis eligible for the renunciation of Canadian exploration expenses within the meaning of the Income Tax Act (Canada) for total gross proceeds of [Read more]
Energy East: TransCanada standing down on further work in Quebec
QUEBEC - TransCanada Corp. will halt all work on an oil terminal in eastern Quebec in response to concerns the project could hurt a beluga habitat.The company said Monday it is "standing down" on all work in Cacouna after a report by a federal government wildlife committee concluded that the whales are endangered.TransCanada (TSX:TRP) wants to build a 4,600-kilometre pipeline to carry 1.1 million barrels per day of oilsands crude from Alberta to refineries in Quebec and New Brunswick.The planned [Read more]
Century Energy Ltd. Announces Closing of Private Placement of Units and Change of Management
CALGARY, ALBERTA--(Marketwired - Dec. 1, 2014) - Century Energy Ltd. ("Century" or the "Corporation") (NEX:CEY.H) is pleased to announce that it has completed its previously announced private placement and has issued an aggregate of 2,350,000 units of the Corporation (the "Units") at a price of $0.08 per Unit for gross proceeds of $188,000 (the "Offering"). Each Unit is comprised of one (1) common share in the capital of the Corporation ("Common Share") and one (1) share purchase warrant of the [Read more]
Penn West Announces the Closing of the $355 Million Non-Core Asset Divestiture
CALGARY, Dec. 1, 2014 /CNW/ - PENN WEST PETROLEUM LTD. (TSX – PWT; NYSE – PWE) ("Penn West"or the "Company") is pleased to announce that it has successfully completed its previously announced divestiture of certain non-core assets located in south central Alberta for proceeds of approximately $355 million, subject to customary closing adjustments. Proceeds from this transaction will be used to reduce outstanding indebtedness on the Company's credit facility. The Company has now completed [Read more]
Husky Announces $200 Million Preferred Share Offering
CALGARY, ALBERTA--(Marketwired - Dec. 1, 2014) - Husky Energy (TSX:HSE)(TSX:HSE.PR.A) has agreed to issue to a syndicate of underwriters led by Scotia Capital Inc. and TD Securities Inc. (collectively the "Underwriters") for distribution to the public 8,000,000 Cumulative Rate Reset Preferred Shares, Series 3 (the "Series 3 Shares"). The Series 3 Shares will be issued at a price of $25.00 per Series 3 Share, for aggregate gross proceeds of $200 million. Holders of the Series 3 Shares will be [Read more]
Bellatrix announces strategic $118 million acquisition and increased production guidance
CALGARY, Dec. 1, 2014 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE: BXE) is pleased to announce it has completed the acquisition of complementary assets within its core Alder Flats area of west central Alberta (greater Ferrier region) from a senior oil and gas producer for total cash consideration of approximately $118 million. The strategic tuck-in acquisition adds approximately 2,200 boe/d of currently unrestricted production (80% natural gas, 20% liquids), and [Read more]