CALGARY, ALBERTA--(Marketwired - Nov. 11, 2014) - Gear Energy Ltd. ("Gear" or the "Company") (TSX:GXE) is pleased to announce the approval of a $95 to $105 million development capital budget for 2015, designed to provide approximately 20 per cent growth in production and over 15 per cent growth on a per share basis. The Board of Directors has approved a budget that targets low risk growth balanced between development drilling, cost reducing infrastructure opportunities and continued funding [Read more]
News
Zargon Oil & Gas Ltd. Provides 2014 Third Quarter Results
CALGARY, ALBERTA--(Marketwired - Nov. 11, 2014) - Zargon Oil & Gas Ltd. ("Zargon" or the "Company") (TSX:ZAR)(TSX:ZAR.DB). FINANCIAL & OPERATING HIGHLIGHTS (THREE MONTHS ENDED SEPTEMBER 30, 2014) Funds flow from operating activities of $10.9 million were eight percent lower than the $11.9 million recorded in the prior quarter due to one time general & administrative reorganization costs. Funds flow from operating activities for the 2014 third quarter included reductions of [Read more]
Next challenge to Canadian oil in the United States: More lawsuits
WASHINGTON - There are new threats of lawsuits against Canadian oil pipeline projects in the United States, suggesting that the election of an oil-friendly, Republican-dominated Congress won't end the industry's battles here.The most famous of those projects is Keystone XL — but it's not the only one.A coalition of groups will also hold a news conference Wednesday to discuss a lawsuit in U.S. federal court against expansion plans for another network into the American Midwest, Enbridge Inc.'s [Read more]
Pembina Pipeline Corporation Announces Pipeline Expansion in North East British Columbia
CALGARY, Nov. 11, 2014 /CNW/ - Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) announced today that it has entered into binding agreements to proceed with a $210 million expansion to Pembina's pipeline infrastructure in northeast British Columbia ("B.C.") (the "NEBC Expansion" or "the Project"). The NEBC Expansion will transport condensate and natural gas liquids for various producers in the liquids-rich Montney resource play. "Pembina has been actively engaging [Read more]
Blackbird Energy Inc. Announces Stock Option Grants
CALGARY, ALBERTA--(Marketwired - Nov. 11, 2014) - Blackbird Energy Inc. (TSX VENTURE:BBI) ("Blackbird" or the "Company") announces it has granted an aggregate of 4,050,000 incentive stock options to certain of its directors, officers, employees and consultants pursuant to the terms of the Company's stock option plan. Such options are exercisable for five years at the price of $0.405 until November 10, 2019 and are subject to the acceptance of the TSX Venture Exchange. The options will vest in [Read more]
Imperial Oil’s Kearl oilsands operation to suspend production for several weeks
CALGARY - Imperial Oil Ltd. (TSX:IMO) says its Kearl oilsands project will be shut down for several weeks as a precaution while the company deals with an equipment malfunction.Imperial says it will install replacement parts to deal with vibration detected at Kearl's ore-crusher unit.It didn't provide an estimate about how much production will be lost during that period or provide a target date for a startup.Kearl had been producing about 92,000 barrels per day on average through the third [Read more]
Legacy Oil + Gas Inc. Announces Third Quarter 2014 Results, Record Production and Funds Generated by Operations and Increase to Borrowing Base
CALGARY, Nov. 10, 2014 /CNW/ - Legacy Oil + Gas Inc. ("Legacy" or the "Company") (TSX:LEG) is pleased to announce it has filed on SEDAR its interim financial statements and related Management's Discussion and Analysis ("MD&A") for the three and nine months ended September 30, 2014. Selected financial and operational information is outlined below and should be read in conjunction with Legacy's interim financial statements and the related MD&A which are available for review at [Read more]
LGX Oil + Gas Inc. Announces Third Quarter 2014 Results
CALGARY, Nov. 10, 2014 /CNW/ - LGX Oil + Gas Inc. ("LGX" or the "Company") (TSXV:OIL) is pleased to announce it has filed on SEDAR its unaudited financial statements and related Management's Discussion and Analysis ("MD&A") for the three and nine months ended September 30, 2014. Selected financial and operational information is outlined below and should be read in conjunction with LGX's unaudited financial statements and the related MD&A which are available for review at www.lgxoil.com or [Read more]
Alberta premier, aboriginals to discuss oilsands concerns
FORT CHIPEWYAN, Alta. - Alberta Premier Jim Prentice and aboriginal chiefs from the oilsands region have agreed to sit down face-to-face to try to deal with concerns that have resulted in a number of lawsuits and reviews."There's a lengthy list of issues and grievances which need to be discussed and I think the best way to do that is for the premier to actually engage with the leadership of those First Nations," Prentice said after meetings with the leadership of the Athabasca Chipewyan and [Read more]
Lightstream Announces Renewal of Normal Course Issuer Bid and Entering Into of an Issuer Repurchase Plan Agreement
CALGARY, ALBERTA--(Marketwired - Nov. 10, 2014) - Lightstream Resources Ltd. ("Lightstream" or the "Corporation") (TSX:LTS), is pleased to announce that the Board of Directors of Lightstream has approved a renewal to our normal course issuer bid (the "NCIB") and we have entered into an issuer repurchase plan agreement (the "Plan") with a designated broker to allow for the repurchase of our common shares (the "Shares"). The Toronto Stock Exchange ("TSX") has accepted the Corporation's notice [Read more]