BANFF, Alta. - Alberta's premier isn't concerned about negative comments from U.S. President Barack Obama regarding the Keystone XL pipeline.Jim Prentice says the Republican-controlled House of Representatives' passing a bill to approve the US$8-billion pipeline that would carry bitumen from Alberta to refineries and ports in Texas is good forward momentum.He says there is a tougher road ahead when it goes to the Senate and hopefully to the U.S. president for approval.Obama questioned the [Read more]
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Cenovus gains approval for Telephone Lake oil sands project
Initial phases approved for production capacity of 90,000 bbls/d CALGARY, Nov. 14, 2014 /CNW/ - Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) has received approval from the Alberta Energy Regulator (AER) and the province of Alberta for its 100%-owned Telephone Lake thermal oil sands project. The proposed project is located approximately 90 kilometres northeast of Fort McMurray, within the company's Borealis Region of northern Alberta. The approval is for a steam-assisted gravity drainage (SAGD) [Read more]
Southern Pacific Announces Financial and Operational Results for the Quarter Ended September 30, 2014
CALGARY, ALBERTA--(Marketwired - Nov. 14, 2014) - Southern Pacific Resource Corp. ("Southern Pacific" or the "Company") (TSX:STP) today announced its financial and operational results for the quarter ended September 30, 2014. HIGHLIGHTS: Total Company production, which includes bitumen production from STP-McKay Phase 1 and heavy oil from STP-Senlac, averaged 3,372 barrels per day ("bbl/day") for the three months ended September 30, 2014; and The Company completed its previously [Read more]
Waldron Energy Corporation Announces Third Quarter 2014 Results
CALGARY, ALBERTA--(Marketwired - Nov. 14, 2014) - Waldron Energy Corporation ("Waldron" or the "Corporation") (TSX:WDN) is pleased to announce its financial and operational results for the three and nine months ended September 30, 2014. These reports are available for review at www.sedar.com and on the Corporation's website at www.waldronenergy.ca. Q3 2014 Highlights Third quarter 2014 production averaged 1,545 boe per day, an increase of 7% compared to the second quarter of 2014. Similar [Read more]
Pine Cliff Energy Ltd. Grants Stock Options
CALGARY, ALBERTA--(Marketwired - Nov. 14, 2014) - Pine Cliff Energy Ltd. ("Pine Cliff") (TSX VENTURE:PNE) announces that it has granted an aggregate of 4,119,800 stock options to its directors, officers, employees and certain service providers, of which 2,406,000 were granted to its directors and officers. The stock options vest between one to three years, have an exercise price of $1.66 per share and will expire between May 14, 2016 and May 14, 2018. The total number of Pine Cliff common shares [Read more]
Ironhorse Announces Q3 2014 Financial and Operating Results
CALGARY, Nov. 14, 2014 /CNW/ - Ironhorse Oil & Gas Inc. ("Ironhorse" or the "Company") (TSX-V: IOG) announces its financial and operating results for the three and nine months ended September 30, 2014 and provides an operational update on activities to date this year as well as an outlook for the remainder of 2014. Financial and Operation Summary The Company's funds from operations increased to $358 thousand in Q3, compared with $98 thousand in Q2 as a result of increased production during Q3. [Read more]
Saskatchewan premier ‘hopeful’ after Keystone pipeline bill clears hurdle
REGINA - Saskatchewan's premier says he's hopeful that the Keystone XL oil pipeline will be approved now that it has cleared a major hurdle in the U.S. legislative process.The Republican-controlled House of Representatives has passed a bill to approve the US$8-billion pipeline that would carry bitumen from Alberta to refineries and ports in Texas.And supporters have said they are confident they'll have the 60 votes needed when the bill goes before the Senate next week.Brad Wall says there is [Read more]
US House of Representatives overwhelmingly passes Keystone XL bill
WASHINGTON – The Republican-controlled House of Representatives has passed legislation to approve the Keystone XL oil pipeline from Canada to Texas, and the Senate may follow next week. The House voted 252-161 on a bill sponsored by Republican Rep. Bill Cassidy of Louisiana. The pipeline has been stalled by environmental reviews, objections to its route and politics for six years. But the latest bid by House Republicans has the best chance of reaching President Barack Obama’s [Read more]
Energy giant wins injunction to rid anti-pipeline activists from B.C. site
VANCOUVER - Activists facing off against energy giant Kinder Morgan have been ordered off a Metro Vancouver conservation site by a B.C. Supreme Court judge who also noted the importance of considering citizens' opposition to activities they view as destructive.Associate Chief Justice Austin Cullen granted the company an injunction Friday, saying a group of anti-pipeline protesters must dismantle encampments on Burnaby Mountain by 4 p.m. Monday."It is, of course, important to consider the [Read more]
Shoreline Energy Corp. Announces the Closing of Sale of its Wattenburg Royalty Interests for US$7.7 Million, Agreement to Sell Its Wattenburg Working Interest Assets
CALGARY, ALBERTA--(Marketwired - Nov. 14, 2014) - Shoreline Energy Corp. (TSX:SEQ) ("Shoreline" or the "Corporation") is pleased to announce that it has closed the sale of its Wattenburg royalty interests for total proceeds of US$7.7 million (approximately $8.7 million Canadian Dollars based on current exchange rates). Shoreline intends to use the proceeds of this sale, combined with cash on hand, to repay the Corporation's three secured creditors including retirement of its royalty obligation, [Read more]