CALGARY, ALBERTA--(Marketwired - May 19, 2015) - BOULDER ENERGY LTD. ("Boulder") (TSX:BXO) announces that effective at the opening of trading on Thursday, May 21, 2015, the common shares of Boulder will be listed and posted for trading on the Toronto Stock Exchange under the stock symbol of "BXO". The foregoing results from a recently completed plan of arrangement (the "Arrangement") involving Boulder and Granite Oil Corp. (TSX:GXO), formerly DeeThree Exploration Ltd. For additional [Read more]
News
Mapan Energy Ltd. Announces Grant of Options
CALGARY, ALBERTA--(Marketwired - May 19, 2015) - Mapan Energy Ltd. ("Mapan" or the "Company") (TSX VENTURE:MPG) announces that the Company's board of directors has granted options to the directors and officers of the Company to acquire an aggregate of 1,065,000 common shares of Mapan at a price of $0.94 per share pursuant to Mapan's share option plan. The options vest as to one-third on each of the first, second and third anniversaries of the date of grant, and have a term of 5 years. Mapan [Read more]
Rough ride: A look at Canada’s oil sector before and after the collapse
CALGARY - It's been a rough ride for Canada's oil sector since the middle of last year.In June 2014, the U.S. benchmark crude price averaged US$105.79 a barrel. By January of this year, it had shrivelled to just US$47.22 — a drop of about 55 per cent.West Texas Intermediate crude has since been climbing closer to US$60, but executives in the oilpatch aren't holding out hope for sustained recovery just yet.Crude prices fell steadily throughout the second half of 2014 amid burgeoning North [Read more]
Canadian Spirit Resources Inc. Announces Extension of Expiry Date of Warrants
CALGARY, ALBERTA--(Marketwired - May 19, 2015) - Canadian Spirit Resources Inc. ("CSRI" or the "Corporation") (TSX VENTURE:SPI)(OTCBB:CSPUF) announces that it plans to extend the expiry date on 2,555,000 outstanding share purchase warrants (the "Warrants") for one year, from June 3 and 17, 2015 to June 3 and 17, 2016. The exercise price of $0.50 and all other terms of the Warrants remain unchanged. Each whole warrant entitles the holder to acquire one additional share of the Corporation. This [Read more]
Nova Scotia environment minister approves liquefied natural gas project
POINT TUPPER, N.S. - A proposed liquefied natural gas export facility in Cape Breton has received its environmental approval from the Nova Scotia government.The Environment Department says Bear Head LNG Corp. must address 32 terms and conditions to control greenhouse-gas emissions and to reduce impacts on wildlife, water and wetlands at the site near Port Hawkesbury.The company, a subsidiary of Australia-based Liquefied Natural Gas Ltd., must also create a consulting committee that includes [Read more]
Up to 185,000 jobs could be lost in oil and gas industry this year, study says
CALGARY - Shrinking budgets in the oil and gas industry could lead to as many as 185,000 direct and indirect job losses in Canada this year, according to a new study by an industry group.The report, released Tuesday by the labour market division of Enform, says the potential losses would represent a 25 per cent drop in the number of jobs the sector supports and are the result of major budget cuts in the oilpatch.The industry is expected to spend $94 billion this year, down from $125 billion last [Read more]
Storm Resources Ltd. Announces a $36 Million Equity Financing
CALGARY, ALBERTA--(Marketwired - May 19, 2015) - EQUITY FINANCING STORM RESOURCES LTD. ("Storm") (TSX VENTURE:SRX) is pleased to announce that it has entered into an agreement with a syndicate of underwriters led by FirstEnergy Capital Corp. and including GMP Securities Ltd., RBC Capital Markets, Peters & Co. Limited, National Bank Financial Inc. and Raymond James Ltd. (collectively, the "Underwriters") to issue, on a bought deal basis, 8,000,000 common shares ("Common Shares") at a [Read more]
Striker Exploration Corp. Announces Belly River Acquisition
CALGARY, ALBERTA--(Marketwired - May 19, 2015) - Striker Exploration Corp. ("Striker" or the "Company") (TSX VENTURE:SKX) is pleased to announce that it has entered into a purchase and sale agreement with an arm's length public oil and gas company for the acquisition of an asset in the Wilson Creek area for $3.875 million cash, before adjustments (the "Acquisition"). The Acquisition is expected to close on or about June 16, 2015 with an effective date of April 1, 2015. The Acquisition is [Read more]
Strategic Oil & Gas Ltd. Announces First Quarter 2015 Financial and Operating Results
CALGARY, ALBERTA--(Marketwired - May 19, 2015) - Strategic Oil & Gas Ltd. ("Strategic" or the "Company") (TSX VENTURE:SOG) reports financial and operating results for the three months ended March 31, 2015. Detailed results are presented in Strategic's interim condensed consolidated financial statements and related Management's Discussion and Analysis ("MD&A") which will be available through the Corporation's website at www.sogoil.com and on SEDAR at www.sedar.com. FINANCIAL AND [Read more]
Saturn Minerals Update on Bannock Creek Drilling
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 19, 2015) - Saturn Minerals Inc. (TSX VENTURE:SMI)(FRANKFURT:SMK) ("Saturn" or the "Company") announces an update on the results from its operated 9-5 Bannock Creek exploration well in northeast Saskatchewan which commenced drilling on May 12, 2015. The current drilling team and rig have not reached the three targeted zones of the Yeoman, Deadwood and Winnipeg sands, with the drill bit reaching a total depth of 560 meters, approximately 70 [Read more]