CALGARY, ALBERTA--(Marketwired - Oct. 28, 2014) - High North Resources Ltd. (TSX VENTURE:HN) (the "Company" or "High North") is pleased to announce that it has commenced drilling its sixth Montney horizontal oil well, located at 8-9-76-21W5M, which is part of its 100% interest in 20.25 contiguous sections of land in the Girouxville-McLean Creek area. This well is located on the same geological structure as the Company's most successful Montney oil producers in section 2-76-21W5M and west of its [Read more]
News
Hemisphere Energy Provides Operations and Production Update
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 28, 2014) - Hemisphere Energy Corporation ("Hemisphere" or the "Company") (TSX VENTURE:HME) is pleased to provide an update on production and the completion of its five well fall drilling program in the Atlee Buffalo and Jenner areas in Southeast Alberta. Operations Update Hemisphere has successfully drilled four horizontal development wells in Atlee Buffalo and one vertical test well in Jenner on schedule and within budget. All four Atlee [Read more]
Quattro Announces Normal Course Issuer Bid
CALGARY, ALBERTA--(Marketwired - Oct. 28, 2014) - Quattro Exploration and Production Ltd. (TSX VENTURE:QXP) ("Quattro" or the "Company") is pleased to announce that it has filed a Form 5G with the TSX Venture Exchange ("TSXV") and received conditional approval to purchase up to 2,437,694 common shares, being approximately 10% of the Company's Public Float, by way of a normal course issuer bid (the "Bid") through the facilities of the TSXV. As of the date hereof, there are 35,338,778 Common [Read more]
Southern Pacific Provides Operational Update
CALGARY, ALBERTA--(Marketwired - Oct. 27, 2014) - Southern Pacific Resource Corp. ("Southern Pacific" or the "Company") (TSX:STP) today provided an operational update with respect to the Company's STP-McKay and STP-Senlac thermal projects. The Company has continued to focus on optimizing production from its STP-McKay Thermal Project and maintaining production from its STP-Senlac Thermal Project. STP-McKay Thermal Project The workover program scheduled for September and October at STP-McKay [Read more]
Relentless Resources Announces Option Grant
CALGARY, ALBERTA--(Marketwired - Oct. 27, 2014) - Relentless Resources Ltd. ("Relentless" or the "Company") (TSX VENTURE:RRL) is pleased to announce that, pursuant to the terms and conditions of its stock option plan, it has granted, in the aggregate, 1,950,000 stock options to purchase common shares of Relentless ("Common Shares") to the current directors and officers of the Company. The grant of options is for a five year term. The options vest immediately and are exercisable at a price of [Read more]
Energy stocks fall as oil slips below $80
NEW YORK (AP) — The price of oil dipped below $80 a barrel Monday, after a major investment bank lowered its forecast for crude prices this year and next. Goldman Sachs analysts now expect U.S. oil prices to be roughly $75 a barrel in 2015, down from their previous forecast of $90 a barrel. Goldman also sees Brent crude, a benchmark used to price international oils used by many U.S. refineries, to be around $85 a barrel. Rising oil production, particularly in the U.S., and the concerns [Read more]
Perpetual Energy Inc. announces sale of non-core heavy oil properties and provides East Edson joint venture and West Edson operational updates
CALGARY, Oct. 27, 2014 /CNW/ - (TSX:PMT) - Perpetual Energy Inc. ("Perpetual", the "Corporation" or the "Company") is pleased to announce the signing of a definitive purchase and sale agreement to divest of several non-core heavy oil properties in eastern Alberta for gross proceeds of $21.6 million, excluding certain closing adjustments and transaction costs. A deposit of $3.24 million has been paid to Perpetual, with the remaining disposition proceeds due at closing which is expected to occur [Read more]
Pembina Pipeline Corporation Announces Closing of Vantage Pipeline Acquisition and Interest in Associated Assets
CALGARY, Oct. 24, 2014 /CNW/ - Pembina Pipeline Corporation ("Pembina" or "the Company") (TSX: PPL; NYSE: PBA) is pleased to announce that the Company has completed its previously announced acquisition (the "Transaction") of the Vantage pipeline system ("Vantage") and Mistral Midstream Inc.'s ("Mistral") interest in the Saskatchewan Ethane Extraction Plant ("SEEP") from certain entities affiliated with Riverstone Holdings LLC (the "Seller"). "I am very pleased to add these strategic assets to [Read more]
Pacific Northwest LNG president resigns, Progress Energy chief to fill role
VANCOUVER - The president of Pacific Northwest LNG, which is looking to build a multibillion-dollar project near Prince Rupert, B.C., has resigned, the consortium led by Malaysian energy giant Petronas said Friday.Pacific Northwest LNG said Greg Kist plans to return to his home and family in Alberta."Under Greg's leadership, the company was formed and continues to work towards a final investment decision this year," Pacific Northwest chairman Dato' Wee Yiaw Hin said in a statement."He leaves [Read more]
Pilot Energy Corp. updates Swift Current, Saskatchewan and Northwest Alberta asset acquisitions and 2014 financing
Pilot Energy Corp. is pleased to provide an update on the previously announced exclusive Swift Current asset acquisition and on the exclusive option to purchase proven shut-in gas assets in North-western Alberta. In conjunction with the subject asset purchase/option and further development thereof, Pilot is currently seeking a minimum of $750,000 and maximum of $2,000,000 of capital financing for Phase 1 of its acquisition and development program through the issuance of common and flow-through [Read more]