CALGARY, ALBERTA--(Marketwired - July 7, 2015) - Northern Spirit Resources Inc. ("Northern Spirit" or the "Corporation") (TSX VENTURE:NS) is pleased to announce that it has entered into a definitive reorganization and investment agreement (the "Agreement") with John McAleer, David Burghardt, Travis Stephenson, Rob Pinckston, Maureen Keough and Jeff Mazurak (collectively, the "Initial Investor Group") which provides for: (i) a non-brokered private placement of an aggregate minimum of [Read more]
News
Minister Rickford and Minister Margaret McCuaig-Boyd, participate in first official meeting
OTTAWA, July 6, 2015 /CNW/ - The Honourable Greg Rickford, Canada's Minister of Natural Resources, and the Honourable Margaret McCuaig-Boyd, Alberta's Minister of Energy, today participated in their first official bilateral meeting in Calgary, where they discussed issues of importance to Albertans and all Canadians, including job creation, economic growth and long-term prosperity. [Read more]
Dejour Issues Kokopelli Completion Update
VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 6, 2015) - Dejour Energy Inc. (NYSE MKT:DEJ)(TSX:DEJ) ("Dejour" or the "Company"), an independent oil and gas exploration and production company operating in North America's Piceance Basin and Peace River Arch regions, today announced an operational update for its project in NW Colorado. Since the commencement of the current phase of Kokopelli in September 2014, Dejour, together with its operating partner (the "Operating Partner"), have [Read more]
B.C. to legislate $36 billion agreement with Pacific NorthWest LNG
VICTORIA - Finance Minister Mike de Jong says the potential economic returns from British Columbia's first liquefied-natural-gas deal will outweigh any targeted-tax tradeoffs included in a 25-year deal he expects to table in the legislature next week. De Jong said Monday he expects British Columbians will support the blueprint for the largest private-sector investment in the province's history that is valued at $36 billion, estimated to create 4,500 construction jobs and projected to generate [Read more]
StonePoint Energy Announces Proposed Acquisition of StonePoint by Endurance Energy
CALGARY, ALBERTA--(Marketwired - July 6, 2015) - StonePoint Energy Inc. (TSX VENTURE:STO) ("StonePoint" or the "Company") is pleased to announce that it has entered into a definitive arrangement agreement (the "Arrangement Agreement") pursuant to which Endurance Energy Ltd. ("Endurance"), a portfolio company of Warburg Pincus, a global private equity firm focused on growth investing, has agreed to acquire all of the outstanding common shares of StonePoint for cash consideration of C$0.078125 per [Read more]
Pipelines, climate change on the agenda as Harper, Notley meet in Calgary
CALGARY - Climate change, pipelines and flood mitigation were on the agenda Monday as Alberta Premier Rachel Notley and Prime Minister Stephen Harper had their first formal meeting.If there was tension between the NDP premier and the Conservative prime minister, neither let on. In a photo opportunity before the meeting, Notley asked Harper about how his Stampede had been so far and the two tipped their cowboy hats for the cameras. After the meeting, Notley said it wasn't her impression that [Read more]
Oil plunges 7%, most in five months after Greeks vote NO to austerity
On Sunday, Greeks overwhelmingly voted against their international creditors’ conditions for further financial aid. The result will most likely deepen the rift between Greece and the rest of Europe and push the country closer to bankruptcy and an exit from the euro. More than 61% of Greek citizens voted “no” in Sunday’s referendum on austerity measures that European and International Monetary Fund officials demanded in recent meetings. In response to heightened uncertainty, investors have [Read more]
Tidewater Midstream and Infrastructure Ltd. Provides Update on Closing of the Acquisition of Assets
On June 2, 2015, Tidewater Midstream and Infrastructure Ltd. ("Tidewater" or the "Corporation") (TSX VENTURE:TWM) announced that it had entered into an agreement to acquire certain assets comprising a 63% operated working interest in a gas processing and related pipelines located in the West Pembina ("Assets") region in central Alberta (the "Acquisition") for $180 million. On June 16, 2015, to finance the acquisition, Tidewater completed the issuance of 155,557,000 subscription receipts (the [Read more]
Black Swan Energy Announces Closing of Strategic Acquisition & Equity Financing
CALGARY, ALBERTA--(Marketwired - July 6, 2015) - Black Swan Energy Ltd. is pleased to announce the closing of its acquisition of Carmel Bay Exploration Ltd. On June 9, 2015, Carmel Bay announced it had entered into an Arrangement Agreement with Black Swan whereby Black Swan would acquire all of the issued and outstanding shares of Carmel Bay for cash consideration in a transaction valued at approximately $200 million. The acquisition includes 82,600 acres of 100% working interest lands [Read more]
Kicking Horse Energy Inc. Announces Kakwa Acreage Acquisition and Operational Update
CALGARY, AB--(Marketwired - July 06, 2015) - Kicking Horse Energy Inc. ("Kicking Horse" or the "Company") (TSX VENTURE: KCK) is pleased to announce that it has acquired nine 100% working interest ("WI") sections of Montney rights in the Kakwa area of Alberta (the "New Acreage"). The New Acreage is located immediately offsetting the Company's West Kakwa acreage and within 3 miles of the Company's East Kakwa production block. Kicking Horse intends to spud a vertical assessment well on the New [Read more]