CALGARY, ALBERTA--(Marketwired - Nov. 25, 2014) - Southern Pacific Resource Corp. ("Southern Pacific" or the "Company") (TSX:STP) today completed the closing of the previously announced agreement to dispose of its entire interest in its Red Earth assets. The consideration for this sale is $19.5 million cash. About Southern Pacific Southern Pacific Resource Corp. is engaged in the exploration, development and production of in-situ oil sands in Alberta's Athabasca region, and the thermal [Read more]
News
Latest assessment increases NWT’s discovered oil and gas resources
CALGARY, Nov. 25, 2014 /CNW/ - Today the National Energy Board (NEB) released an "Assessment of Discovered Conventional Petroleum Resources in the Northwest Territories and Beaufort Sea" which found the overall resource assessment for the Northwest Territories (NWT) to be larger than what was previously understood. The discovered conventional petroleum resource volumes in the study area are: 467.0 billion m3 (16.4 Tcf) of marketable natural gas; 195.1 million m3 (1227.8 million barrels) of crude [Read more]
National Energy Board to ask Canadians for input on pipeline safety
SAINT JOHN, N.B. - The National Energy Board will launch a tour early in the new year in an effort to strengthen pipeline safety, the chairman of the federal regulatory agency said Tuesday.Peter Watson said board members and staff will visit every province and the North to hear from Canadians on how it can improve its pipeline safety program."We felt there was a lot of need to get out from inside our hearing rooms and have a more fundamental discussion about pipeline safety and protection of the [Read more]
Zargon Oil & Gas Ltd. Announces the Sale of the Hamilton Lake, Alberta Property
CALGARY, ALBERTA--(Marketwired - Nov. 25, 2014) - Zargon Oil & Gas Ltd. (TSX:ZAR)(TSX:ZAR.DB) ("Zargon") announces that it has entered into a definitive purchase and sale agreement to sell its Hamilton Lake property for $25 million. Property Disposition Zargon has entered into an agreement to sell its petroleum and natural gas assets in Hamilton Lake for a total consideration of $25 million that is comprised of $22.5 million in cash (before adjustments) and $2.5 million in marketable [Read more]
Toro Announces Strategic Acquisitions of Alberta Viking Assets
CALGARY, ALBERTA--(Marketwired - Nov. 25, 2014) - Toro Oil & Gas Ltd. (TSX VENTURE:TOO) ("Toro" or the "Company") is pleased to announce that it has entered into a definitive purchase and sale agreement (the "Acquisition") to acquire high quality, low decline, light crude oil producing assets located in east central Alberta (the "Assets") from an arm's length oil and gas producer. The current production of the Assets is approximately 400 boe/d, all from the Viking formation with potential [Read more]
Ikkuma Resources Corp. Announces Financial and Operating Results for the Third Quarter of 2014
CALGARY, Nov. 25, 2014 /CNW/ - Ikkuma Resources Corp. ("Ikkuma" or the "Corporation") (TSXV: IKM) is pleased to report its financial and operating results for the three and nine months ended September 30, 2014. Ikkuma's interim condensed financial statements and related management's discussion and analysis for three months and nine months ended September 30, 2014 have been filed and are available on the SEDAR website at www.sedar.com and may also be obtained on Ikkuma's website at [Read more]
Quattro Re-Files Interim Financial Statements, Applies for Tier 1 Status and Issues Stock Options
CALGARY, ALBERTA--(Marketwired - Nov. 25, 2014) - Quattro Exploration and Production Ltd. ("Quattro" or the "Company") (TSX VENTURE:QXP) reports that it has filed on SEDAR (www.sedar.com), amended versions of its interim financial statements and quarterly management discussion and analysis for the periods ended June 30, 2012, September 30, 2012, March 31, 2013, June 31, 2013, September 31, 2013 and March 31, 2014, annual management discussion and analysis for the year ended December 31, 2013 and [Read more]
Sunshine Oilsands Ltd. Announces Grant of Share Options
CALGARY, Alberta and HONG KONG, Nov. 24, 2014 /CNW/ -- This announcement is made pursuant to Rule 17.06A of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules"). The board of directors of Sunshine Oilsands Ltd. (the "Corporation" or "Sunshine") (HKEX: 2012; TSX: SUO) announces that share options to acquire shares in the capital of the Corporation were granted by the Corporation to certain officers, employees and consultants under its [Read more]
Relentless Announces Financial and Operating Results for the Three and Nine Months Ended September 30, 2014
CALGARY, ALBERTA--(Marketwired - Nov. 24, 2014) - Relentless Resources Ltd. ("Relentless" or "the Company") (TSX VENTURE:RRL) announces that it has issued its September 30, 2014 condensed interim financial statements and related MD&A. Additional information about Relentless is available on SEDAR at www.sedar.com or on the Company`s website at www.relentless-resources.com . Relentless has increased corporate production from 65 boe/d in Q1 2014 to approximately 320 boe/d at the date of this [Read more]
Saskatchewan premier concerned about ‘unnecessary barriers’ to pipeline project
REGINA - Saskatchewan's premier says he's concerned about the stance taken by his Ontario and Quebec counterparts in regards to the Energy East Pipeline project.The $12-billion project seeks to connect more than one million barrels of western crude a day to oil refineries in Eastern Canada.Ontario Premier Kathleen Wynne and Quebec Premier Philippe Couillard said last week that greenhouse gas emissions must be considered in the development of the project.Wynne also wants assurances there will be [Read more]