CALGARY, ALBERTA--(Marketwired - July 2, 2015) - Delphi Energy Corp. (TSX:DEE) ("Delphi" or the "Company") reports that it has granted an extension to the closing date of its previously announced disposition. In consideration for the extension of the closing date, the Company has received and deposited an additional $5.0 million non-refundable deposit from the purchaser, bringing the total deposit amount to $10.0 million, which will be applied against the purchase price of $50.0 million at [Read more]
News
Forent Energy Ltd. Completes Corporate Acquisition, Non-Brokered Private Placement, and Renews Credit Facility
CALGARY, ALBERTA--(Marketwired - July 2, 2015) - Forent Energy Ltd. (TSX VENTURE:FEN)("Forent" or the "Company") is pleased to report that the Company has closed its previously announced acquisition of an Alberta-based private resource company (the "Acquisition Company") and a concurrent non-brokered private placement, for an aggregate of $ 2.2 million at 40 cents per share on a post-consolidation basis. Forent's current Management and insiders participated for an aggregate of $984,000 of the [Read more]
Waldron Energy Corporation Announces Extension of TSX Delisting Review
CALGARY, ALBERTA--(Marketwired - July 2, 2015) - Waldron Energy Corporation ("Waldron" or the "Corporation") (TSX:WDN) is pleased to announce that the Toronto Stock Exchange (the "TSX") has extended its delisting review of the Corporation's common shares for a period of 30 days. The TSX currently intends to make a decision regarding the Corporation's eligibility for continued listing on the TSX by August 3, 2015. This is an extension from an earlier TSX review date of July 3, 2015, as [Read more]
Quicksilver Receives Approval to Export Liquefied Natural Gas From Discovery LNG
CALGARY, Alberta, July 01, 2015 (GLOBE NEWSWIRE) -- Quicksilver Resources Canada Inc. announced today that it received approval from the Canadian National Energy Board (“NEB”) to export up to 20 million tons per annum of liquefied natural gas from its Discovery LNG site located near Campbell River, British Columbia for a period of 25 years. For additional details regarding Discovery LNG, visit http://www.discoverylng.com. To view the NEB’s Letter Decision, navigate to: [Read more]
Spyglass Resources Corp. Announces Completion of Credit Facility Review
CALGARY, June 30, 2015 /CNW/ - Spyglass Resources Corp. ("Spyglass", or the "Company") (TSX: SGL, OTCQX: SGLRF) announces that following the Company's semi-annual review by its lenders, the total credit facility, as amended, remains at $200 million. The credit facilities now consist of a $100 million syndicated borrowing base facility and a $100 million syndicated reducing term facility. The syndicated borrowing base facility is reviewed semi-annually and both facilities currently have a May [Read more]
Crescent Point Energy & Legacy Oil + Gas Inc. Announce Closing of Legacy Oil + Gas Acquisition
CALGARY, ALBERTA--(Marketwired - June 30, 2015) - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX:CPG)(NYSE:CPG) and Legacy Oil + Gas Inc. ("Legacy") (TSX:LEG) are pleased to announce today that Crescent Point has completed the acquisition of all of the issued and outstanding common shares of Legacy by way of arrangement (the "Legacy Acquisition"). Under the terms of the Legacy Acquisition, shareholders of Legacy exchanged each of their common shares for 0.095 of a common [Read more]
Gear Energy Ltd. Announces Amended Credit Facility and New Executive Appointment
CALGARY, ALBERTA--(Marketwired - June 30, 2015) - Gear Energy Ltd. ("Gear") (TSX:GXE) announces an amended credit facility following a semi-annual review by its bank syndicate and a new executive appointment. The credit facility has been amended to a borrowing base of $90 million, a reduction from its previous $130 million borrowing base. The reduction is primarily a result of reduced commodity pricing and had been anticipated at the beginning of 2015, with Gear proactively reducing debt [Read more]
Virginia Hills Oil Corp. Announces Stock Option Grant
CALGARY, ALBERTA--(Marketwired - June 30, 2015) - Virginia Hills Oil Corp. ("Virginia Hills" or the "Company") (TSX VENTURE:VHO) is pleased to announce that it has granted 157,793 stock options to Mr. Mark Mallamo, Vice President, Exploration at an exercise price of $0.255. The stock options have been granted pursuant to Virginia Hills' stock option plan and one third of the options granted will vest on each of the first, second and third anniversaries of the date of grant. Subsequent to this [Read more]
Saturn Minerals Inc. Receives Proposal for a 4 Oil Exploration Well Drilling Program at Bannock Creek
VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 30, 2015) - Saturn Minerals Inc. (TSX VENTURE:SMI)(FRANKFURT:SMK) ("Saturn" or the "Company") is pleased to announce that the Company has received a proposal from its Joint Venture Partner ("JV Partner") for the Bannock Creek Property (Petroleum Exploration Permit 72) for a 4 well drilling program starting in July 2015. Saturn's Bannock Creek Property is located in the Northern Williston Basin in Saskatchewan. The exploration oil well program [Read more]
TransCanada: Alberta’s tougher CO2 rules bolster case for Keystone XL
CALGARY - TransCanada wants the U.S. State Department to include recent Canadian climate change announcements in its review of the Keystone XL pipeline, arguing those developments bolster the case for the long-delayed project.The Calgary-based pipeline builder outlined its rationale in a letter sent Monday to Secretary of State John Kerry and other U.S. officials as the U.S. regulatory process nears its seventh anniversary."We are asking the U.S. State Department to consider these recent [Read more]