VICTORIA - The head of the Nisga'a Nation said his people are embracing the possibility of a liquefied natural gas industry by permitting energy companies to run a pipeline through the nation's territory in northwestern British Columbia, with the hope for more investment to come. The Nisga'a and B.C. Liberal government signed a benefit sharing agreement Thursday that will see the nation receive about $6 million from the province for a proposed natural gas pipeline that would pass through 97 [Read more]
News
Oilsands firms not at fault in deaths of 196 waterfowl in northeast Alberta
CALGARY - The Alberta Energy Regulator says three oilsands corporations did nothing wrong when 196 birds died after landing in wastewater tailings ponds earlier this month.The regulator says Canadian Natural Resources Limited (TSX:CNQ), Suncor Energy Inc. (TSX:SU) and Syncrude followed the rules that require them to use devices to scare waterfowl away from the ponds.Ryan Bartlett, a spokesman for the regulator, says the birds still managed to land on the oily water on Nov. 4 due to bad weather [Read more]
Mounties begin arrests on Burnaby Mountain to dismantle pipeline protests
BURNABY, B.C. - Anti-pipeline activists camped out on a mountain near Vancouver clashed with police Thursday, as the RCMP enforced a court injunction ordering protesters to clear an encampment and allow work related to a proposed expansion project by Kinder Morgan.Protesters had set up makeshift encampments blocking work crews from two sites on Burnaby Mountain, where Kinder Morgan has been conducting survey work related to its proposed Trans Mountain pipeline expansion project. The company [Read more]
Yangarra Provides Duvernay Update
CALGARY, Nov. 20, 2014 /CNW/ - Yangarra Resources Ltd. ("Yangarra" or the "Company") provides an update on the Duvernay drilling operations. The Company drilled its continuation well in the Willesden Green block (7 gross, 7.0 net sections) to a total measured depth of 17,200 feet including a 1.2 mile lateral section. Drilling time from spud to TD was approximately 42 days with an estimated cost of $6 million to drill and case the well with a 4 1/2" lateral section cemented in place. With [Read more]
Dejour Expands Woodrush Project
Company to Spud Two Wells in December 2014 VANCOUVER, British Columbia--(BUSINESS WIRE)--Dejour Energy Inc. (NYSE MKT: DEJ / TSX: DEJ) (“Dejour” or the “Company”), an independent oil and natural gas exploration and production company operating in North America's Piceance Basin and Peace River Arch regions, updates current development progress underway at the Woodrush/Hunter Project (“Woodrush”) in NE B.C. Approval is expected to be forthcoming from the Oil and Gas Commission in the [Read more]
Hyperion Exploration Corp. to Be Acquired by Tri-Win International Investment Group Inc.
CALGARY, ALBERTA--(Marketwired - Nov. 20, 2014) - Hyperion Exploration Corp. ("Hyperion" or the "Company") (TSX VENTURE:HYX) is pleased to announce that it has entered into an agreement (the "Arrangement Agreement") with Tri-Win International Investment Group Inc. ("Tri-Win") pursuant to which Tri-Win has agreed to purchase all of the issued and outstanding common shares of the Company (the "Common Shares") at a cash price of $0.14 per Common Share for aggregate consideration of approximately [Read more]
Blackbird Energy Inc. Announces Filing of Annual Financial Statements and Reserves Information for 2014 and Appointment of Garth Braun as Chairman
CALGARY, ALBERTA--(Marketwired - Nov. 20, 2014) - Blackbird Energy Inc. ("Blackbird" or the "Company") (TSX VENTURE:BBI) is pleased to announce that it has filed its audited financial statements and related management's discussion and analysis for the year ended July 31, 2014 on SEDAR at www.sedar.com. In addition, the Company has filed its statements of reserves data and other oil and gas information for the year ended July 31, 2014 as mandated by National Instrument 51-101 - Standards of [Read more]
The Fraser Institute: Alberta Most Attractive Canadian Jurisdiction for Global Oil and Gas Investment
CALGARY, ALBERTA--(Marketwired - Nov. 20, 2014) - On the strength of its petroleum reserves, Alberta remains the most attractive province for oil and gas investment in Canada, finds the Fraser Institute's annual Global Petroleum Survey. Based on responses from petroleum executives and managers, this year's survey ranks 156 jurisdictions worldwide on their relative attractiveness for investment. Barriers to investment include high taxes, costly regulatory obligations and uncertainty over [Read more]
Shoreline Energy Corp. Announces the Closing of Sale of Its Wattenburg Working Interests for Net Proceeds of US$4.1Million
CALGARY, ALBERTA--(Marketwired - Nov. 19, 2014) - Shoreline Energy Corp. (TSX:SEQ) ("Shoreline" or the "Corporation") is pleased to announce that it has closed the sale of its Wattenburg working interest assets for net proceeds of US$4.1 million (approximately $4.65 million Canadian Dollars based on current exchange rates) plus an interim hold back for working capital adjustments of $0.7 million USD. Shoreline is pleased to report that it has now fully repaid all of its secured credit [Read more]
Tuscany Announces Initial Closing of Private Placement
CALGARY, ALBERTA--(Marketwired - Nov. 19, 2014) - Tuscany Energy Ltd. ("Tuscany" or the "Corporation") (TSX VENTURE:TUS) is pleased to announce that it has closed the initial tranche of its previously announced non-brokered private placement (the "Private Placement") of common shares of the Corporation issued on a flow-through basis in respect of Canadian development expenses (the "CDE FT Shares"). In this initial tranche, the Corporation has issued an aggregate of 1,318,000 CDE FT Shares at a [Read more]