ZUG, Switzerland--(BUSINESS WIRE)--Octagon 88 Resources Inc., (OTCBB:OCTX) is pleased to present the November 2014 Executive Summary, the summary is aimed to summarize completed drilling programs and future targets including feasibility studies to support Management’s near and long term goals. Summary of 2013/2014 Drilling Programs to date • March 2013 - Bluesky 8-12 91-22-W5M – Drill Vertical and Core – completed • March 2013 – Elkton 11-4 92 23 W5M – Drill Vertical and Core – [Read more]
News
Keystone pipeline down, but not out after Senate vote
WASHINGTON (AP) — Incoming Senate Majority Leader Mitch McConnell is promising the new Republican majority will quickly resurrect Keystone XL pipeline legislation killed by Democrats, potentially setting up an early 2015 veto confrontation with President Barack Obama. "I look forward to the new Republican majority taking up and passing the Keystone jobs bill early in the new year," the Kentucky Republican said Tuesday, shortly after the bill fell one vote short of the 60 votes needed to [Read more]
Keystone XL bill fails in Senate
WASHINGTON (AP) - The Democrat-controlled Senate has defeated a bill to approve the Keystone XL oil pipeline. The Senate's 59-41 vote Tuesday night was a nail-biter to the end. The bill needed 60 votes to reach the White House. The House passed it overwhelmingly last week. President Barack Obama did not support the bill, but the White House has been mum on whether or not he will veto it. Democrat Sen. Mary Landrieu pushed for the vote in an effort to save her seat in a Dec. 6 runoff [Read more]
Suncor Energy announces 2015 capital spending plan and production outlook
CALGARY, ALBERTA--(Marketwired - Nov. 18, 2014) - Suncor Energy released its 2015 corporate guidance today, which includes capital spending of between $7.2 and $7.8 billion and planned average production of 540,000 to 585,000 barrels of oil equivalent per day. "Our production guidance for next year reflects a continued trend of improved reliability and steady growth," said Steve Williams, Suncor president and chief executive officer. "We remain focused on driving down our Oil Sands cash [Read more]
Alberta Premier Prentice disappointed U.S. senate vote on Keystone XL failed
EDMONTON - Alberta Premier Jim Prentice says he is disappointed the U.S. Senate failed to pass a bill authorizing the immediate construction of the Keystone XL pipeline.But Prentice says he is encouraged that the controversial line is gaining increased bipartisan support in the halls of the U.S. lawmakers.Prentice says he plans to travel to Washington in January, but no specific dates have been set.The Keystone bill failed by one vote, just days after the House of Representatives approved the [Read more]
Strategic Oil & Gas Ltd. Announces Third Quarter 2014 Financial and Operating Results
CALGARY, ALBERTA--(Marketwired - Nov. 18, 2014) - Strategic Oil & Gas Ltd. ("Strategic" or the "Company") (TSX VENTURE:SOG) reports financial and operating results for the three and nine months ended September 30, 2014. Detailed results are presented in Strategic's interim condensed consolidated financial statements and related Management's Discussion and Analysis ("MD&A") which will be available through the Corporation's website at www.sogoil.com and on SEDAR at [Read more]
Hemisphere Energy Announces Q3 2014 Financial and Operating Results
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 18, 2014) - Hemisphere Energy Corporation (TSX VENTURE:HME) ("Hemisphere" or the "Company") is pleased to announce its financial and operating results for the three and nine months ended September 30, 2014. Q3 2014 Highlights Achieved highest quarterly average production rate to-date of 725 boe/d (86% oil and NGL), a 31% increase over the second quarter of 2014 and a 57% increase over the third quarter in 2013. With the wells drilled [Read more]
Arsenal Energy Inc. Announces Increase of Bought Deal Financing
CALGARY, ALBERTA--(Marketwired - Nov. 18, 2014) - Arsenal Energy Inc. ("Arsenal" or the "Corporation") (TSX:AEI) announces an increase of the previously announced bought deal financing led by Paradigm Capital Inc., as lead underwriter on behalf of a syndicate of underwriters including Acumen Capital Finance Partners Limited, National Bank Financial Inc., and Industrial Alliances Securities Inc. (collectively, the "Underwriters"). Under the terms of the agreement, Arsenal will now issue 799,900 [Read more]
Valparaiso Energy Inc. – Shares For Debt
CALGARY, Nov. 18, 2014 /CNW/ - Calgary, Alberta – November 18, 2014. Valparaiso Energy Inc. (the "Corporation") (NEX: VPO.H) wishes to announce that the Corporation has issued 500,000 common shares on the conversion of Convertible Debt for an outstanding share subscription in the amount of $25,000.00. After the above issuance, the Corporation will have 47,221,569 shares outstanding. These shares trade on the NEX board of the TSX Venture Exchange under the symbol VPO.H. THIS PRESS RELEASE, [Read more]
Alberta RCMP say natural gas pipeline intentionally shot with high-powered rifle
HINTON, Alta. - RCMP in western Alberta are investigating the shooting of a natural gas pipeline but don't believe it was malicious.Mounties say the Talisman Energy pipeline was intentionally hit with one bullet from a high-powered rifle on the weekend.The line, located about 60 kilometres north of Hinton, leaked a large quantity of natural gas before safety devices shut it down.There was no explosion.Const. Steve Lundberg describes the shooting as isolated.He says it's common for people in the [Read more]