CALGARY, ALBERTA--(Marketwired - Aug. 4, 2015) - Marksmen Energy Inc. ("Marksmen" or the "Company") (TSX VENTURE:MAH)(OTCQB:MKSEF) is pleased to announce that it has completed the second closing of its previously announced non-brokered private placement for 651,667 units (the "Units") of Marksmen at a price of $0.15 per Unit for aggregate gross proceeds of a $97,750 (the "Offering"). The Units are comprised of one (1) common share ("Common Share") and one-half of one (1/2) share purchase warrant [Read more]
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Terra Energy Corp. Announces Renewal of Its Lending Facility and Selection of Financial Advisor
CALGARY, ALBERTA--(Marketwired - Aug. 4, 2015) - Terra Energy Corp. ("Terra" or the "Corporation") (TSX:TT) is pleased to announce the renewal of its credit facility with its senior lender and the selection of a financial advisor. The annual review of the Corporation's credit facility has now been completed by our Chartered Lender and the existing facility has been renewed at substantially the same terms and rates as the previous facility. The facility is comprised of a $22.5 million [Read more]
Devon Energy Reports Second-Quarter 2015 Results
OKLAHOMA CITY--(BUSINESS WIRE)--Devon Energy Corp. (NYSE:DVN) today announced core earnings of $320 million, or $0.78 per diluted share, for the second quarter of 2015. This compares with first-quarter 2015 core earnings of $89 million, or $0.22 per diluted share. “Devon delivered another high-quality performance in the second quarter as we continued to realize significant operational improvements across our portfolio,” said Dave Hager, president and CEO. “Our oil-focused drilling programs in [Read more]
Natural gas supplier seeks assurances on pipeline access over LNG plants
HALIFAX - The senior manager of Nova Scotia's natural gas distributor says his company wants to ensure that it has adequate access to the sole pipeline into Atlantic Canada if liquefied natural gas export terminals are approved in the region.Heritage Gas applied in May to intervene in licence applications by three potential LNG export facilities filed with the National Energy Board.The subsidiary of AltaGas (TSX:ALA) says if the proposed East Coast projects by Pieridae Energy Ltd., Bear Head LNG [Read more]
Pine Cliff Announces $70 Million Syndicated Credit Facilities
CALGARY, ALBERTA--(Marketwired - Aug. 4, 2015) - Pine Cliff Energy Ltd. ("Pine Cliff" or the "Company") (TSX VENTURE:PNE) is pleased to announce that the Company has entered into a $70.0 million syndicated credit facility (the "Syndicated Facility") with a syndicate of three Canadian Chartered banks, of which $47.6 million is drawn (current net debt is approximately $40.0 million). The Syndicated Facility consists of a $60.0 million revolving term credit facility and a $10.0 million revolving [Read more]
Northern Spirit Resources Inc. Announces Closing of Private Placement Financing and Appointment of New Management Team
CALGARY, ALBERTA--(Marketwired - Aug. 4, 2015) - Northern Spirit Resources Inc. ("Northern Spirit" or the "Corporation") (TSX VENTURE:NS) is pleased to announce that it has closed the previously announced non-brokered private placement (the "Closing"), issuing an aggregate of (i) 601,594,612 common shares in the capital of the Corporation ("Common Shares") at a price of $0.03375 per Common Share and (ii) 98,740,741 units of the Corporation ("Units") at a price of $0.03375 per Unit, to the new [Read more]
Long Run Exploration Ltd. Enters Into Agreement for $200 Million Private Placement
CALGARY, ALBERTA--(Marketwired - Aug. 4, 2015) - Long Run Exploration Ltd. ("Long Run" or the "Company") (TSX:LRE) is pleased to announce that it has entered into an agreement for a private placement to Maple Marathon Investments Limited for gross proceeds of approximately $200 million. The proceeds from the private placement will be used for debt reduction to improve Long Run's capital structure. Maple Marathon Investments Limited ("Maple Marathon") is owned by MIE Holdings Corporation [Read more]
Quattro Announces the Graduation to Tier One and Issues Class C Preferred Shares at a Deemed Price of $100 Per Share
CALGARY, Alberta, Aug. 4, 2015 (GLOBE NEWSWIRE) -- Quattro Exploration and Production Ltd. (TSX-V:QXP) ("Quattro" or the "Company") is pleased to report that effective August 4, 2015 the Company's Tier classification will change from Tier 2 to Tier 1. In addition to the graduation to becoming a Tier 1 Company on the TSX Venture Exchange, pursuant to the previously announced acquisition on June 18th, 2015, the Company (the "purchaser") issued 15,000 Series 3, Class C Preferred Shares at a [Read more]
Touchstone Announces Disposition of Undeveloped Saskatchewan Acreage
CALGARY, ALBERTA--(Marketwired - Aug. 4, 2015) - Touchstone Exploration Inc. ("Touchstone" or the "Company") (TSX:TXP) announces that it has disposed of its working interest in 1,166 net hectares of undeveloped acreage in the Dodsland area of Saskatchewan for cash consideration of $4.2 million to a Canadian oil and gas producer. The properties are not currently producing and were assigned net proved reserves of 424,000 barrels of oil equivalent based on future development costs of $14.9 [Read more]
Top 6 Myths Driving Oil Prices Down
"Whoever would overthrow the liberty of a nation must begin by subduing the freeness of speech." Benjamin Franklin, Silence Dogood, The Busy-Body, and Early Writings I start with that quote because once the media, as well as politicians for that matter, have no accountability for actions or words then liberty will dissolve. Over the last few weeks I have witnessed another litany of lies that the media insists on putting forth. They come in the form of statements presented as facts to sway [Read more]