CALGARY, ALBERTA--(Marketwired - June 29, 2015) - Painted Pony Petroleum Ltd. ("Painted Pony" or the "Corporation") (TSX:PPY) is pleased to announce that it has signed a definitive agreement to provide the Corporation with long-term natural gas transportation to serve its growing British Columbia production base. This contract represents a critical step in Painted Pony's plan to develop and deliver 240 million cubic feet equivalent per day ("MMcfe/d") of natural gas and gas liquids volumes by [Read more]
News
Mapan Energy Ltd. Announces Agreement to Be Acquired by Tourmaline Oil Corp.
CALGARY, ALBERTA--(Marketwired - June 29, 2015) - Mapan Energy Ltd. ("Mapan" or the "Company") (TSX VENTURE:MPG) is pleased to announce that it has entered into an arrangement agreement (the "Arrangement Agreement") with Tourmaline Oil Corp. ("Tourmaline") (TSX:TOU) pursuant to which Tourmaline has agreed to acquire all of the issued and outstanding common shares (the "Mapan Shares") of Mapan on the basis of 0.0379 of a Tourmaline common share ("Tourmaline Shares") for each outstanding Mapan [Read more]
Tourmaline Oil Corp. to Acquire Mapan Energy Ltd. as It Continues Its Deep Basin Consolidation and Growth Strategy
CALGARY, AB--(Marketwired - June 29, 2015) - Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline" or the "Company") is pleased to announce that it has entered into an agreement with Mapan Energy Ltd. (TSX VENTURE: MPG) ("Mapan") pursuant to which Tourmaline will acquire all of the issued and outstanding common shares of Mapan on the basis of 0.0379 of a Tourmaline common share for each Mapan common share. The acquisition will be effected by statutory plan of arrangement (the "Arrangement"). The [Read more]
Husky Energy Begins Oil Production at South White Rose Extension
CALGARY, AB--(Marketwired - June 29, 2015) - Husky Energy (TSX: HSE) has started production from the South White Rose project in the Jeanne d'Arc Basin offshore Newfoundland and Labrador."South White Rose is Husky's second major subsea satellite tieback following the successful North Amethyst subsea project," said CEO Asim Ghosh. "Both of these projects extend the life of the main White Rose field and use the SeaRose FPSO (floating production, storage and offloading) vessel."The SeaRose has a [Read more]
Surge Energy Inc. Announces Change to Management Team
CALGARY, June 29, 2015 /CNW/ - Surge Energy Inc. ("Surge" or "the Company") announced today that, effective immediately, Mr. Maxwell Lof, Chief Financial Officer, will be leaving the Company to pursue other interests. "Surge would like to thank Max for his contributions during his time with the Company. We wish him all the best in his future endeavours," said Paul Colborne, President and CEO. Surge management's stated goal is to be one of the best positioned light/medium gravity crude oil [Read more]
Sunshine Oilsands Ltd. Announces Operations Update, Re-designation of Directors and Change of Members of Board Committees
CALGARY, Alberta and HONG KONG, June 28, 2015 /CNW/ -- Operations Update The Board of Directors (the "Board") of Sunshine Oilsands Ltd. (the "Corporation" or "Sunshine") (HKEX: 2012, TSX: SUO) is pleased to announce that West Ells construction is substantially completed with current field activities focused on facilities commissioning and startup preparation. To assure facilities performance and achieve nameplate capacity, management has advised the Board that the period for full [Read more]
New Star Energy Ltd. Announces Shareholder Approval, Receipt of Final Court Order and Entering Into an Amending Agreement to Arrangement Agreement
CALGARY, ALBERTA--(Marketwired - June 26, 2015) - New Star Energy Ltd. ("New Star" or the "Company") is pleased to announce that at the special meeting of shareholders of the Company held on June 25, 2015, shareholders representing approximately 88.60% of the issued and outstanding common shares of New Star ("Shares") have voted 100% in support of the arrangement resolution relating to the proposed plan of arrangement ("Arrangement") between the Company and a Chinese buyer (the "Buyer"), [Read more]
CAPP Seeks 4-Point Royalty Plan to Make Alberta More Competitive
CALGARY, ALBERTA--(Marketwired - June 26, 2015) - The Alberta government should consider four principles to make the province more competitive for of oil and gas investment as it proceeds with its royalty review, the Canadian Association of Petroleum Producers said today. "An appropriate royalty structure attracts investment, creates jobs, generates government revenue and builds Alberta communities," said CAPP president Tim McMillan. "The current royalty structure, put in place [Read more]
Imperial Oil, partners defer exploration drilling plans in Beaufort Sea
CALGARY - Imperial Oil and its partners are deferring plans to explore for oil in the Beaufort Sea because they need more time to study how to safely drill in harsh Arctic waters.Imperial, its U.S. parent ExxonMobil and BP are asking the federal government for a seven-year extension to their licence, which expires in 2020."For us, it's all about giving us the time to do the work we believe necessary so that we can deliver the most technically sound and environmentally responsible program we [Read more]
Kicking Horse Energy Inc. Announces Appointment of VP Land
CALGARY, AB--(Marketwired - June 26, 2015) - Kicking Horse Energy Inc. ("Kicking Horse" or the "Company") (TSX VENTURE: KCK) is pleased to announce the appointment of Mr. Jeff Leitl as Vice President, Land. Mr. Leitl brings extensive land, business and negotiations experience spanning more than 25 years. Mr. Leitl has been providing consulting services to Kicking Horse for the past year. Prior to joining Kicking Horse, for the past ten years, Mr. Leitl has served in the role of Vice President [Read more]