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]
News
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]
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]