CALGARY, ALBERTA--(Marketwired - July 14, 2015) - High North Resources Ltd. (TSX VENTURE:HN) (the "Company" or "High North") is pleased to announce that all of the conditions to the previously announced plan of arrangement (the "Arrangement") under the Business Corporations Act (British Columbia) with holders of its 12.00% convertible unsecured subordinated debentures have been satisfied, including receipt of final approval from the TSX Venture Exchange. The effective date for the completion [Read more]
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Dejour’s Woodrush Oil Production Continues to Climb
VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 14, 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 Alberta. Woodrush Project-Oil As previously reported, Dejour tied into production the B-100 Halfway oil step out well and the A-100 Gething gas well from the 2014 [Read more]
New Brunswick premier optimistic national energy strategy will be reached
FREDERICTON - The premier of New Brunswick says he's optimistic an agreement on a national energy strategy will be reached this week when the country's premiers and territorial leaders meet in Newfoundland and Labrador.Brian Gallant said such a strategy would be a catalyst for projects like the proposed Energy East pipeline because it would set the guidelines for projects impacting various parts of the country.The issue has long been under discussion, and while Gallant won't get into specifics [Read more]
Arsenal Energy Inc. Announces Closing of Bought Deal Private Placement Offering
CALGARY, ALBERTA--(Marketwired - July 14, 2015) - Arsenal Energy Inc. ("Arsenal" or the "Company") (TSX:AEI) announces it has closed its previously announced bought deal private placement offering (the "Offering"). Together, with the exercise of the Underwriters option granted in connection with the Offering, the Company issued 778,460 common shares at a price of $3.15 per common share and 585,700 common shares issued on a "flow-through" basis pursuant to the Income Tax Act (Canada) in [Read more]
4 key questions about the Iran agreement’s influence on global oil prices
1. Will the agreement with Iran affect global oil prices?The easy answer is yes. The more difficult response involves pinpointing when and by how much.Iran has by many estimates tens of millions of barrels of oil waiting in inventory to be sold. They will hit a market already dealing with a glut of oil and relatively low prices. Then the country will start increasing production, which could eventually add another 600,000 barrels of oil a day or more, but that production increase is expected to [Read more]
Shell Canada divesting 551 Alberta sections, 113 NE BC sections
Sayer Energy Advisors has been engaged to assist Shell with the sale and/or farmout of its undeveloped lands located in the Del Bonita, Pincher Creek, Fairview/Worsley and Rainbow/Zamaareas of Alberta and at Eskai and Akue in northeastern British Columbia (the “Properties”). In total, the Company is divesting a 100% working interest in 141,112 hectares of land (551 sections) in Alberta and a 30%-100% working interest in 113 natural gas spacing units (19,508 net hectares) in northeastern [Read more]
OPEC, Get Ready For The Second U.S. Oil Boom
What OPEC countries fear most is a follow-up technological revolution that will lead to a second oil boom in the U.S., and that fear is now being realized. A technological revolution spurred the U.S. oil boom that resulted in the greatest increase in domestic oil production in a century, and while that has stuttered in the face of a major oil price slump and an OPEC campaign to maintain a grip on market share, the American response could be another technological revolution that demonstrates [Read more]
Whitecap Resources Inc. Announces Appointment of Director
CALGARY, July 14, 2015 /CNW/ - Whitecap Resources Inc. (TSX: WCP) is pleased to announce that Daryl H. Gilbert has been appointed to the Whitecap Board of Directors effective July 14, 2015 and will also serve as a member of the Corporate Governance & Compensation Committee and will chair the Health, Safety & Environment Committee. Mr. Gilbert is currently a Managing Director of JOG Capital Inc., a private equity energy investment management firm. He also serves as a director of several [Read more]
Questerre production grows to 1,800 boe/d in June
CALGARY, July 14, 2015 /CNW/ - ""Questerre Energy Corporation ("Questerre" or the "Company") (TSX, OSE: QEC) reported today that its daily production for the month of June averaged 1,800 boe/d. The increase in production is largely due to the commissioning of the expanded central compression and stabilization facility on its joint venture acreage in the Kakwa-Resthaven area in early May. Production from this area has increased to approximately 1,300 boe/d (50% condensate and liquids and 50% [Read more]
Finance minister says B.C.’s law blueprint for largest private investment deal
VICTORIA - Premier Christy Clark heralded her government's blueprint for British Columbia's first liquefied natural gas plant Monday as a moment destined to be etched in history as she attacked the Opposition New Democrats for opposing her plans."It really will be a historic debate, one that people will look back on for decades," she said after the government introduced LNG legislation that NDP Leader John Horgan said he will not support."They are inventing numbers out of the blue," said Clark, [Read more]