VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 21, 2015) - Hemisphere Energy Corporation ("Hemisphere" or the "Company") (TSX VENTURE:HME) announces that it has decided to restate certain financial information for the year ended December 31, 2013 (the "2013 Restatement"). The material changes to be included in the 2013 Restatement will affect the Company's impairment, depletion, and decommissioning costs and will have a positive impact, significantly reducing the Company's loss in December [Read more]
News
Connacher Announces Filing of Application for Final CBCA Order to Implement Recapitalization
CALGARY, April 21, 2015 /CNW/ - Connacher Oil and Gas Limited (CLL - TSX; "Connacher" or the "Company") provides an update to the previously announced recapitalization transaction (the "Recapitalization") aimed at significantly reducing the Company's debt and annual interest expense, and providing additional liquidity to fund ongoing operations. With the support of its lenders and shareholders, Connacher will seek to obtain a final order of the Court of Queen's Bench of Alberta (the "Court") to [Read more]
Shell’s Scotford upgrader shut down after problem with sulphur recovery unit
FORT SASKATCHEWAN, Alta. - Shell Canada says a problem with a sulphur recovery unit at its Scotford upgrader northeast of Edmonton has resulted in the unit being shut down.Spokesman Jeff Mann says it happened Monday afternoon at the facility in Fort Saskatchewan.He says the upgrader had to increase flaring in order to shut down the unit in a controlled manner.Mann says Shell was monitoring air quality and testing showed sulphur dioxide levels were below guidelines.Mann says there is no health [Read more]
Westcore Announces Working Interest Allocation on Riverside Oil & Gas Property
SASKATOON, SASKATCHEWAN--(Marketwired - April 20, 2015) - WESTCORE ENERGY LTD. ("Westcore" or the "Company") (TSX VENTURE:WTR) is pleased to announce that it has formalized its working interest in the Riverside heavy oil field of Allstar Energy Limited ("Allstar"), located 16 km north of the town of Leader in Western Saskatchewan. In accordance with the Farm-in Agreement entered into between Westcore and Allstar in fiscal 2012, as amended in June 2014 (collectively, the "Agreement"), Westcore [Read more]
Pine Cliff Energy Ltd. Enters Into a $15.94 Million Agreement to Acquire Core Area Assets
CALGARY, ALBERTA--(Marketwired - April 20, 2015) - Pine Cliff Energy Ltd. ("Pine Cliff") (TSX VENTURE:PNE) is pleased to announce that it has, in conjunction with Velvet Energy Ltd. ("Velvet"), entered into a purchase and sale agreement with a mid-size oil and gas producer (the "Agreement") to acquire oil and natural gas assets in both of its Southern core area ("Southern Assets") and its Carrot Creek/Edson core area ("Carrot Creek/Edson Assets") in the Province of Alberta (collectively, the [Read more]
Traverse Energy Ltd. Grants Stock Options
CALGARY, ALBERTA--(Marketwired - April 20, 2015) - Traverse Energy Ltd. (the "Corporation") (TSX VENTURE:TVL) announces that it granted stock options to its directors and officers to purchase 1,750,000 common shares with an exercise price of $0.62 per share and an expiry date 5 years from the date of grant. The options vest immediately upon grant. The total number of options outstanding as of the date hereof is 6,880,000. The Corporation is a junior oil and natural gas exploration and [Read more]
Yangarra Expands Credit Facility
CALGARY, April 20, 2015 /CNW/ - Yangarra Resources Ltd. ("Yangarra" or the "Company") (TSX:YGR) expands credit facility, provides an update on TransCanada Pipelines' ("TCPL") on-going restrictions and an update on two recently drilled wells using a cemented liner. Credit Facility Update Yangarra has entered into amended and restated credit facility agreements with Alberta Treasury Branches ("ATB") which now consists of an $80 million senior line (previously $70 million) and a $10 million [Read more]
Silverstar Resources Announces Acquisition of Producing Oil Properties
HENDERSON, NV / ACCESSWIRE / April 20, 2015 / Silverstar Resources, Inc. ("Silverstar" or "the Company") (PINKSHEETS: SLVM) is pleased to announce the acquisition two producing oil properties in Alberta, Canada. "The acquisition of these properties with production of 40 barrels per day equivalent embarks the Company on its producing energy acquisition plan," stated Jared Robinson, President and CEO of Silverstar. Robinson further states, "Along with this acquisition, the Company is already [Read more]
Legacy Oil + Gas Inc. Responds to FrontFour’s Notice of Intent to Nominate Directors
CALGARY, ALBERTA--(Marketwired - April 20, 2015) - Legacy Oil + Gas Inc. ("Legacy" or the "Company") (TSX:LEG) confirms that it has received notice from FrontFour Master Fund Ltd. (with its applicable affiliates, "FrontFour") of its intent to nominate three individuals for election as directors at Legacy's upcoming annual general meeting. Legacy's Board of Directors has formed a Special Committee of the Board comprised of Jim Bertram (Chair), Aidan Walsh and Randal Brockway, all of whom are [Read more]
Artisan Energy Completes Drilling and Casing of Chip Lake and Sedalia Exploration Wells
CALGARY, ALBERTA--(Marketwired - April 20, 2015) - Artisan Energy Corporation ("Artisan" or the "Corporation") (TSX VENTURE:AEC) is pleased to announce that it has completed drilling of the first two wells of its 2015 Canadian Exploration Expense ("CEE") flow-through program and both wells have been cased for testing and production. Approximately $1,600,000 of Artisan's $5,130,000 2015 CEE budget and obligation has been spent. Chip Lake, Alberta At its Chip Lake core area Artisan drilled [Read more]