CALGARY, ALBERTA--(Marketwired - Jan. 15, 2014) - Renegade Petroleum Ltd. (Renegade or the Company) (TSX VENTURE:RPL) today issued an open letter advising shareholders to reject an attempted takeover of the board of Renegade by FrontFour Capital Group LLC, a dissident group headed by Zachary George, a U.S.-based hedge fund manager. The full text of the letter is attached to this news release. (Full text of Thomas Budd's letter follows) January 15, 2014 Dear Renegade [Read more]
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Donnycreek Announces Officer Appointments and Annual and Special Meeting Results
CALGARY, ALBERTA--(Marketwired - Jan. 14, 2014) - Donnycreek Energy Inc. ("Donnycreek" or the "Company") (TSX VENTURE:DCK) reports that Mr. John (Jack) Marsh, P.Eng., has been appointed Chief Operating Officer of the Company and Mr. Murray Scalf has been appointed Executive Vice President of the Company, effective January 14, 2014. At its annual and special meeting of shareholders of the Company ("Shareholders") held on January 14, 2014 (the "Meeting"), Shareholders approved all items of [Read more]
Oilsands could put TRILLIONS into economy: leader
EDMONTON - All of Canada should be working to develop Alberta oilsands because the trillions of dollars it can generate can go to help other areas of the country, says an economic leader. Brad Ferguson, president and CEO of the Edmonton Economic Development Corporation, says northern Alberta could contribute $2.1 trillion to the Canadian economy over the next twenty years, or $105 billion dollars a year. “It’s an enormous number," Ferguson said Tuesday at the group's annual [Read more]
Twin Butte Energy Ltd. Announces Promotion of Bruce Hall to President
CALGARY, Jan. 14, 2014 /CNW/ - Twin Butte Energy Ltd. (TSX: TBE) ("Twin Butte" or the "Company") is pleased to announce that Bruce Hall has been promoted to President and Chief Operating Officer ("COO") of Twin Butte from his current position as COO. Jim Saunders, as Chief Executive Officer, will continue to be fully involved on a daily basis, providing leadership and direction in the affairs of the Company. Mr. Hall joined Twin Butte as Vice President, Corporate Development in 2009 and has [Read more]
Encana CFO: Deep Panuke sale possible
CALGARY - Encana Corp.'s (TSX:ECA) may decide to get rid of its Deep Panuke offshore natural gas project in Nova Scotia, chief financial officer Sherri Brillon told an investor conference Tuesday. "It doesn't really fit our portfolio," Brillon told the BMO Capital Markets Unconventional Resource Conference in New York. Brillon says the project has been making good money during a particularly nasty winter that has seen demand for natural gas — a fuel used to heat homes — soar in North [Read more]
Delphi Reports Montney Exploration Success at South Bigstone
CALGARY, ALBERTA--(Marketwired - Jan. 14, 2014) - Delphi Energy Corp. (TSX:DEE) ("Delphi" or the "Company") provides the following operations update on its Montney capital program. South Bigstone Delphi is pleased to announce completion and clean-up test results on its initial exploration well at 11-17-59-22 W5M ("11-17") on the South Bigstone Montney farm-in lands, part of the Company's contiguous 122 section land position in the Bigstone area. The 11-17 Montney horizontal well is located [Read more]
US oil prices rise along with stock market
The price of U.S. oil was up nearly one per cent Tuesday along with a rising stock market. Global crude slipped, though, on the prospect of rising supplies from Libya, the North Sea and Iran.Benchmark West Texas Intermediate crude for February delivery rose 79 cents to close at US$92.59 a barrel on the New York Mercantile Exchange.Brent crude, used to set prices for international varieties of crude used by many U.S. refineries, fell 86 cents to close at US$106.39 in London."The overall outlook [Read more]
Alberta should offer energy incentives: report
EDMONTON - A report says Alberta could save money and cut greenhouse gas emissions if it offered people and businesses financial incentives to become more energy efficient.The report was put together by the Alberta Energy Efficiency Alliance and submitted to the provincial government."The No. 1 action that we would like to see right now is for the provincial government to put some of their climate change emission management fund dollars into energy efficiency programs," Jesse Row, the alliance's [Read more]
Canexus crude-by-rail project costs soar
CALGARY - Canexus Corp. says the price tag of its oil-by-rail terminal expansion project in Bruderheim, Alta., has risen by 40 per cent over the previous cost estimate of $225 million.The stock was down about 13 per cent to $6.56 at mid-day on the Toronto Stock Exchange.CEO Gary Kubera says the company is disappointed with the revised estimate, but noted Canexus has "established a state-of-the-art facility."The first phase of the expansion is in the process of starting up and the company expects [Read more]
Gear Energy Ltd. Announces Record Production and Provides Operational Update
CALGARY, ALBERTA--(Marketwired - Jan. 14, 2014) - Gear Energy Ltd. ("Gear") (TSX:GXE) is pleased to announce the following operational updates: Gear achieved record production of approximately 4,600 boe/d in the fourth quarter of 2013, a significant increase from third quarter volumes of 3,940 boe/d. December average production came in at the upper end of Gear's 2013 guidance at approximately 5,000 boe/d and liquids weighting increased to 95 per cent as a result of new oil production. [Read more]