CALGARY, July 16, 2015 /CNW/ - The National Energy Board (NEB) has issued the list of approved Aboriginal Intervenors in the Energy East project and has offered to begin collecting oral traditional evidence. "Aboriginal groups have an oral tradition for sharing stories, lessons and knowledge from generation to generation. The NEB is committed to hearing from Aboriginal groups in a way that respects their values and traditions," says NEB Chair and CEO, Peter Watson. Collecting relevant [Read more]
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Petromin Announces Acquisition of Gross Overiding Royalty
VANCOUVER, July 16, 2015 /CNW/ - Petromin Resources Ltd. ("Petromin" or the "Company") is pleased to announce that it has entered into an agreement with Aboriginal Financial Services Corporation ("AFSC"), to acquire and terminate AFSC's existing 1.5% gross overriding royalty interest (the "Acquisition") held on Petromin's Frog Lake property in East-Central Alberta. In consideration for the Acquisition, Petromin will issue 500,000 common shares of the Company to AFSC. Completion of the [Read more]
Ivanhoe Energy Inc. Announces Acquisition Opportunity
CALGARY, July 16, 2015 /CNW/ - Pursuant to an order of the Court of Queen's Bench of Alberta (the "Court") made June 16, 2015, KPMG Inc. in its capacity as Court-appointed receiver (the "Receiver") of Ivanhoe Energy Inc. ("Ivanhoe" or the "Company"), is soliciting written proposals for the acquisition of the Company's assets and/or shares, in accordance with a sale and investor solicitation process approved by the Court on July 13, 2015, either en bloc or parts thereof. Primary assets offered [Read more]
Energy to take centre stage at meeting of provincial and territorial leaders
ST. JOHN'S, N.L. - Several of Canada's premiers say they're hopeful a Canadian Energy Strategy can be reached Friday despite regional differences on vocal display at their yearly meeting.Paul Davis, premier of Newfoundland and Labrador, said the provincial and territorial leaders made strides Thursday but need more time."I'm very optimistic about the discussions we've had today," he told reporters after the first full day of the Council of the Federation gathering in St. John's, N.L.Agreement on [Read more]
High North Resources Ltd. Announces Completion of Plan of Arrangement
CALGARY, ALBERTA--(Marketwired - July 15, 2015) - High North Resources Ltd. (TSX VENTURE:HN) (the "Company" or "High North") is pleased to announce the completion of the previously announced plan of arrangement (the "Arrangement") under the Business Corporations Act (British Columbia) (the "BCBCA") with holders ("Debentureholders") of its 12.00% convertible unsecured subordinated debentures (the "Debentures"). The Arrangement was effective as at 12:01 a.m. (Vancouver time) (the "Effective [Read more]
Canamax Announces Closing of Strategic Greater Grimshaw Asset Acquisition and Continues Towards the Closing of Powder Mountain Arrangement
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]
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]