CALGARY, July 14, 2015 /CNW/ - ""Questerre Energy Corporation ("Questerre" or the "Company") (TSX, OSE: QEC) reported today that its daily production for the month of June averaged 1,800 boe/d. The increase in production is largely due to the commissioning of the expanded central compression and stabilization facility on its joint venture acreage in the Kakwa-Resthaven area in early May. Production from this area has increased to approximately 1,300 boe/d (50% condensate and liquids and 50% [Read more]
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Finance minister says B.C.’s law blueprint for largest private investment deal
VICTORIA - Premier Christy Clark heralded her government's blueprint for British Columbia's first liquefied natural gas plant Monday as a moment destined to be etched in history as she attacked the Opposition New Democrats for opposing her plans."It really will be a historic debate, one that people will look back on for decades," she said after the government introduced LNG legislation that NDP Leader John Horgan said he will not support."They are inventing numbers out of the blue," said Clark, [Read more]
Groundstar Resources Limited Provides Corporate Update
CALGARY, ALBERTA--(Marketwired - July 13, 2015) - Groundstar Resources Limited ("Groundstar" or the "Company") (TSX VENTURE:GSA) is pleased to provide an update with respect to the ongoing restructuring of the Company. The Company has recently retained two consultants, being a geologist and an engineer, to assist the Company with its ongoing initiatives and growing the production and reserves of the Company on a go forward basis. Production Update and Reserves Report With production rates [Read more]
Sunshine Oilsands Ltd. Announces Private Placement of HK$ 155,028,000 of Common Shares Under The General Mandate to Grand East Wealth Investment Co., Ltd. and City Legend Group Limited
CALGARY, Alberta and HONG KONG, July 12, 2015 /PRNewswire/ -- The Board of Directors (the "Board") of Sunshine Oilsands Ltd. (the "Corporation" or "Sunshine") (HKEX: 2012, TSX: SUO) is pleased to announce the following: PRIVATE PLACEMENT OF HK$ 155,028,000 OF COMMON SHARES (a) The Placements On July 12, 2015 in Hong Kong (July 12, 2015 in Calgary), the Corporation entered into a subscription agreement with Grand East Wealth Investment Co., Ltd. ("Grand East") under which Grand East [Read more]
Liberals, NDP to debate proposed B.C. LNG deal during summer legislative session
VICTORIA - British Columbia's politicians are returning to the legislature to debate the details of an agreement that could pave the way for the largest private investment in the province's history — a proposed $36-billion liquefied natural gas export plant.The Pacific NorthWest LNG project planned for Lelu Island near Prince Rupert still requires federal environmental approval, and Malaysian energy giant Petronas has yet to make its final investment decision.But ratifying the project [Read more]
Kicking Horse Energy Inc. Reports Agreement for Settlement of Class Action Proceedings
CALGARY, AB--(Marketwired - July 10, 2015) - Kicking Horse Energy Inc. ("Kicking Horse" or the "Company") (TSX VENTURE: KCK) reports that the parties to the class action proceedings (the "Class Action") commenced in the Alberta Court of Queen's Bench (the "Court"), Action Number 1301-10050, have entered into an agreement ("Settlement Agreement") whereby they have, subject to Court approval, agreed to settle the Class Action upon the terms and conditions set forth in the Settlement Agreement. [Read more]
Halliburton and Baker Hughes Provide Update on Proposed Acquisition
HOUSTON--(BUSINESS WIRE)--Halliburton Company (NYSE: HAL) and Baker Hughes Incorporated (NYSE: BHI) today announced that they have entered into a timing agreement with the Antitrust Division of the U.S. Department of Justice (DOJ) pursuant to which both companies have agreed to extend the period for the DOJ’s review of Halliburton’s previously announced acquisition of Baker Hughes to the later of November 25, 2015 or 90 days after both companies have certified substantial compliance with the [Read more]
TransCanada Launches Binding Open Season for Keystone Pipeline
CALGARY, ALBERTA--(Marketwired - July 10, 2015) - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) today launched an Open Season to offer additional binding commitments to interested parties for transportation of crude oil on the Keystone Pipeline System from Hardisty, Alberta to markets on the U.S. Gulf Coast. The Keystone Pipeline System, at over 4,200 kilometres (2,600 miles), is one of the most extensive crude oil pipeline systems in North America, currently delivering to key [Read more]
NEB approves Alliance Pipeline's new services and related tolls and tariffs
CALGARY, July 9, 2015 /CNW/ - The National Energy Board (NEB) has approved Alliance Pipeline's new services and their associated terms and conditions as well as the proposed firm tolls. In May 2014, Alliance applied to the NEB requesting approval to implement new services and related tolls and tariffs to commence in December 2015. These new services included fixed tolls for medium- and long-term services as well as flexibility for shippers to choose services specific to their needs. The [Read more]
Canamax Closes Private Placement – Raises Gross Proceeds of $15.4 Million
CALGARY, AB--(Marketwired - July 09, 2015) - Canamax Energy Ltd. ("Canamax" or the "Company") (TSX VENTURE: CAC) is pleased to announce that the Company has closed its previously announced private placement financing (the "Offering"), pursuant to which the Company has issued: (i) 21,724,268 Subscription Receipts at a price of $0.60 per Subscription Receipt (the "Subscription Receipts Offering"); and (ii) 3,618,893 common shares of the Company ("Common Shares") on a "flow-through" basis pursuant [Read more]