CALGARY, AB--(Marketwired - July 15, 2015) - Canamax Energy Ltd. ("Canamax" or the "Company") (TSX VENTURE: CAC) is pleased to announce that today the Company has closed the previously announced acquisition of certain assets in Alberta (the "Asset Acquisition") from an intermediate oil and gas company. The acquired assets consist primarily of two producing properties (Grande Prairie and Grimshaw) located in northwest Alberta within the Company's Greater Grimshaw area. Asset [Read more]
News
Storm Resources Ltd. Announces Closing of Disposition of Grande Prairie Assets
CALGARY, ALBERTA--(Marketwired - July 15, 2015) - STORM RESOURCES LTD. ("Storm" or the "Company") (TSX VENTURE:SRX) is pleased to announce the successful closing of the disposition of properties in the Grande Prairie area of northwest Alberta, as announced on May 29, 2015. In the first quarter of 2015, production from these properties averaged 727 Boe per day (52% light oil plus natural gas liquids). The effective date of the transaction is July 1, 2015. Proceeds from the disposition [Read more]
Gibson Energy Announces CFO Succession Plan
CALGARY, ALBERTA--(Marketwired - July 15, 2015) - Gibson Energy Inc. ("Gibson" or the "Company"), (TSX:GEI), announced today that Donald A. Fowlis, Chief Financial Officer, has informed the Company of his intent to retire in the first half of 2016, completing a 23 year career with the Company. The Company has initiated a formal process to identify a new Chief Financial Officer and Mr. Fowlis will remain in his current role in order to provide an orderly transition. "For over 20 years, [Read more]
Hawk Announces Amended Credit Facility and Updated Corporate Presentation
CALGARY, ALBERTA--(Marketwired - July 15, 2015) - Hawk Exploration Ltd. ("Hawk" or the "Corporation") (TSX VENTURE:HWK.A) announces that following the annual review by the Corporation's lender, the credit facility has been amended to $11 million, down from the previous credit facility of $13.5 million. This reduction is primarily a result of reduced commodity prices. The amended credit facility of $11 million now consists of a $7 million revolving demand facility and a $4 million term facility. [Read more]
National Energy Board releases Enbridge audit report
CALGARY, July 15, 2015 /CNW/ - The National Energy Board (NEB) has released its audit of Enbridge Pipelines Inc.'s (Enbridge) NEB-regulated facilities and concludes that the company continues to operate safely. The fifteen-month audit examined all aspects of the company's operations and included field inspections, company personnel interviews, and a thorough review of safety and environmental protection documentation. The NEB audit found that the company's current systems are working well. The [Read more]
Quattro Increases Reserves by 120% in the Six Months Ending June 30th, 2015 and Provides Update
CALGARY, Alberta, July 15, 2015 (GLOBE NEWSWIRE) -- Quattro Exploration and Production Ltd. (TSX-V:QXP) ("Quattro" or the "Company") is pleased to report an increase in reserves to 8.025 million boe as of June 30, 2015, including the closing of all previously announced Acquisitions. All numbers are an aggregate of the Company's current interests valued at a 10% discounted NPV, utilizing 2015 price forecasting summarized in the Company's SEDAR filed NI 51-101F1 and F2 and estimates [Read more]
Wall says he is concerned the energy industry is seen as a liability in Canada
REGINA - Saskatchewan Premier Brad Wall launched a vigorous defence of the energy industry Wednesday, saying he is growing concerned that oil and gas development is increasingly being viewed as a liability by the rest of the country.Wall said he would be raising his concern Thursday at a meeting of premiers in Newfoundland, where a national energy strategy is expected to be discussed."We need to be more sustainable in development, but increasingly the dialogue in the country seems to be heading [Read more]
Canada needs LNG export options to avoid decline in natural gas production: CAPP
CALGARY - Canada's natural gas production will decline by about 10 per cent from current levels unless new export routes to Asia are opened, says a report released Wednesday by the Canadian Association of Petroleum Producers.The oil and gas industry group says Canada needs options for exporting liquefied natural gas by ship if the country is to avoid a decline in production over the coming years.Greg Stringham, the association's vice-president of markets and oilsands, said Canada needs to find [Read more]
The Multi-Trillion Dollar Oil Market Swindle
In the past, I documented the overstatements by both the IEA and EIA in 2014 & 2015 in terms of supply, inventory and understatements of demand. Others also noticed these distortions and, whether intentional or not, they exist and they are very large in dollar terms. These distortions, which are affecting price through media hype and/or direct/indirect price manipulation, are quite possibly the largest in financial history. Putting numbers behind it, with worldwide production running some 95 [Read more]
Marquee Energy Announces Corporate Update
CALGARY, July 15, 2015 /CNW/ - Marquee Energy Ltd. ("Marquee" or the "Company") (TSXV: MQL) announces that effective immediately Roy Evans, Chief Financial Officer ("CFO"), is on a short-term medical leave due to an accident. Marquee also announces that Mr. William (Bill) Cromb has been appointed as Interim CFO of the Company, subject to TSX Venture Exchange approval. Mr. Cromb is an experienced financial executive with over 30 years of varied finance experience. He is a Chartered [Read more]