CALGARY, ALBERTA--(Marketwired - Sept. 18, 2015) - Groundstar Resources Limited ("Groundstar" or the "Company") (TSX VENTURE:GSA) announces that, further to its press release dated September 4, 2015, the dispute between Groundstar and a dissident shareholder concerning the scheduling of a special shareholders meeting has been resolved by agreement between the parties confirmed in a Consent Order of the Alberta Court of Queen's Bench pursuant to which the meeting called by the dissident [Read more]
News
WATCH: Thomas Mulcair leaves diesel campaign bus running throughout debate
Stephen Harper like to point the many hypocrisies of Mulcair's platform. Whether it is creating jobs while while simultaneously raising corporate tax rates, or maintaining a federal surplus while increasing government spending, Mulcair seems to think he can have his cake and eat it too. Whenever, it seems, Harper or even Trudeau questions these hypocrisies, Mulcair gets upset. And because of this, it becomes apparent as to why the national media now likes to refer to Mulcair as 'Angry [Read more]
The one man who can stand up for Alberta’s oil industry, but will he?
From the beginning of his appointment, Dave Mowat has stressed that the ideal outcome for the royalty review is to optimize the royalty structure for both government and industry. Key to achieving that goal, is to go into the review process with no preconceived notions on what should or should not be done. "As one of four million-plus owners of Alberta's natural resources and bringing my understanding of just how important this industry is to Alberta, I want the best possible system for all [Read more]
Harper calls out Federal and Alberta NDP during leaders debate, calls for lower taxes to help oil industry
During Thursday night's Federal debate, Prime Minister Stephen Harper called out the federal and provincial NDP's harsh policies towards western Canada's oil industry. He slammed both NDPs' plans to sharply increase taxes on Alberta's struggling oil and gas industry and called for lower taxes to spur economic growth and job creation. Watch the 1st video below of Harper criticizing the Federal NDP plan to increase taxes on the oil industry and the 2nd video below to see Harper talk about [Read more]
Barnwell Industries, Inc. Reports Closing of Previously Announced Sale of Oil and Gas Properties
HONOLULU, Sept. 18, 2015 (GLOBE NEWSWIRE) -- Barnwell Industries, Inc. (NYSE:BRN) announced today that Barnwell of Canada, Limited, its wholly-owned subsidiary, has closed its previously announced sale of its interests in natural gas and oil properties located in the Dunvegan and Belloy areas of Alberta, Canada to an independent third party. Barnwell of Canada’s share of the sales price is approximately US$14,800,000, at current Canadian dollar exchange rates, and is subject to customary [Read more]
Hemisphere Energy Announces Change in Auditor
VANCOUVER, Sept. 17, 2015 /CNW/ - Hemisphere Energy Corporation ("Hemisphere" or the "Company") (TSX-V: HME) announces that, at the request of the Company, Smythe Ratcliffe LLP (the "Former Auditor") has resigned as Hemisphere's auditor effective September 15, 2015. On the recommendation of the Company's Audit Committee, the Board of Directors has appointed KPMG LLP of Calgary, Alberta (the "Successor Auditor") as the Company's auditor effective September 15, 2015. There were no [Read more]
Quicksilver Resources Announces Commencement of Marketing and Sale Process
FORT WORTH, Texas, Sept. 17, 2015 (GLOBE NEWSWIRE) -- Quicksilver Resources Inc. (OTC Pink:KWKAQ) today announced the commencement of a marketing and sale process to sell substantially all or a portion of its U.S. and Canadian assets. The U.S. process was initiated with the filing of a motion with the United States Bankruptcy Court for the District of Delaware seeking approval of bidding procedures to commence a sales process for Quicksilver and its U.S. subsidiaries under section 363 of the [Read more]
Saskatchewan’s Wall urges oil industry to fight celebrity critics with ‘facts’
REGINA - Saskatchewan's premier is urging the oil and gas industry to do a better job selling itself or risk losing the battle for public opinion to celebrity critics who he says have unrealistic ideas on how quickly the world can kick carbon.Brad Wall told the Canadian Energy Pipeline Association there is a growing, vocal minority that want the industry shut down completely and they are influencing policy-makers."We're at some disadvantage when it comes to this argument. The other side has [Read more]
Decreasing Canadian natural gas exports to the U.S. Midwest and East regions
In a report released by the National Energy Board, it's been found that "rapid development of onshore US unconventional gas projects has increased American natural gas production." For example, from 2007 to 2015, natural gas production from the Marcellus region increased from less than two billion bcf/d to over 16 bcf/d. As a result, the report maintained that natural gas exports from Canada to the U.S. have been in decline. The report noted that "between 2007 and 2014, Canadian exports to [Read more]
NDP predicts four surpluses, will increase corporate taxes to 17%
OTTAWA – Federal spending on health care under an NDP government would jump beyond what Conservative budgets have forecast, with much of that money tied to programs and commitments Tom Mulcair leader promised this week. Under the Conservative plan, the annual increase in health-care spending is to drop to at least three per cent from six per cent starting in fiscal year 2017-18, while the NDP plans to keep it at six per cent overall. Figures provided by the NDP show that in the 2017-18 [Read more]