CALGARY, AB--(Marketwired - April 09, 2015) - Canamax Energy Ltd. ("Canamax" or the "Company") (TSX VENTURE: CAC) is pleased to announce the Company's financial and operational results for the fiscal period ended December 31, 2014. Highlights -- ten-month period ended December 31, 2014 Canamax continued to execute its aggressive growth plan during 2014 after re-focusing operations to western Canada (and out of Colombia, South America) during the fall of 2013. Canamax has grown production [Read more]
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Blackbird Energy Announces Further Strategic Montney Land Aggregation
CALGARY, ALBERTA--(Marketwired - April 9, 2015) - (TSX VENTURE:BBI) Blackbird Energy Inc. ("Blackbird") is pleased to announce that it has acquired a 100% working interest in twelve additional sections (7,680 net acres) of Elmworth Montney rights (the "Acquisition"). The Acquisition represents a 17% increase in the Company's Elmworth Montney land position. With the completion of the Acquisition, Blackbird now holds a 100% working interest in 81 sections (51,840 net acres) at the Company's core [Read more]
Top 12 Media Myths On Oil Prices
The upstream oil and gas industry is not a black hole. There's no mystery wrapped in an enigma here. There are a lot of meetings with engineers, chemists and geologists. There's a constantly evolving learning curve. And then there's all the regulations and compliance. But all-in-all it's pretty straight forward, that is, until the media gets a hold of it. That's when it becomes complicated. It's as though we are getting reports from the mysteries of the deep ocean or life in the great [Read more]
Apache agrees to sell Australian operations to private equity funds for $2.1 billion in cash
HOUSTON - Apache Corp. says it is selling its Australian oil exploration and production subsidiary for $2.1 billion in cash.The Houston-based company said Wednesday that a consortium of private equity funds managed by Macquarie Capital Group Ltd. and Brookfield Asset Management Inc. agreed to buy Apache Energy Ltd.The assets of Apache Energy Ltd. and its subsidiaries averaged production of roughly 49,000 barrels of oil equivalent per day in March.The transaction is expected to close by [Read more]
Waldron Energy Corporation Announces Notification of TSX Continued Listing Review
CALGARY, ALBERTA--(Marketwired - April 8, 2015) - Waldron Energy Corporation ("Waldron" or the "Corporation") (TSX:WDN) announces that it has received notice that the Toronto Stock Exchange (the "TSX") is reviewing the eligibility for continued listing on the TSX of the securities of the Corporation pursuant to Part VII of the TSX Company Manual. The Corporation has been granted 60 days in which to demonstrate compliance with the continued listing requirements (the "Listing Requirements") of the [Read more]
NuVista Energy Ltd. Announces Upsize of Previously Announced Bought Deal Financing
CALGARY, ALBERTA--(Marketwired - April 8, 2015) - NuVista Energy Ltd. ("NuVista") (or the "Company") (TSX:NVA) is pleased to announce that in connection with its previously announced bought deal offering of common shares ("Common Shares") and placement of common shares, issued on a "flow-through basis" in respect of Canadian development expense ("Flow-Through Common Shares"), the Company and the syndicate of underwriters led by RBC Capital Markets and Peters & Co. Limited, have agreed to [Read more]
Shell to buy BG Group in $69.7B takeover as low oil prices force industry consolidation
THE HAGUE, Netherlands - Royal Dutch Shell has agreed to buy British gas producer BG Group for 47 billion pounds ($69.7 billion) in cash and stock, the companies announced Wednesday. The move gives oil giant Shell a greater stake in natural gas markets in the wake of tumbling oil prices.Consolidations through takeovers and mergers are among the ways energy companies are seeking to reduce costs and become more efficient as oil prices have slumped.A joint statement said the boards of both [Read more]
Questfire Energy Corp. Announces December 31, 2014 Reserves and Record Quarterly Production
CALGARY, ALBERTA--(Marketwired - April 7, 2015) - Questfire Energy Corp. (the "Corporation" or "Questfire") (TSX VENTURE:Q.A)(TSX VENTURE:Q.B) is pleased to announce the results of its independent reserves evaluation as of December 31, 2014 as prepared by GLJ Petroleum Consultants Ltd. ("GLJ"), the Corporation's independent reserves evaluator. The evaluation was prepared in accordance with National Instrument 51-101 - Standards of Disclosure for Oil and Gas Activities. Highlights of the [Read more]
SunOcean Energy Ltd. Announces Strategic Alternatives Process for Rainbow Lake Divestment
SunOcean Energy Ltd. (SEL), a privately held Alberta corporation, announces a strategic alternatives process for its remaining Rainbow Lake, north-western Alberta assets. In conjunction with SEL’s directors resolution dated December 10, 2014, SEL will consider full or partial divestment of all of its interests in the Rainbow Lake assets, including but not limited to; a merger, financing, corporate or asset divestment. SunOcean has released an information memorandum and opened its electronic [Read more]
DeeThree Exploration Ltd. Announces Corporate Reorganization to Create Two Oil-Focused Companies
CALGARY, ALBERTA--(Marketwired - April 7, 2015) - DeeThree Exploration Ltd. (TSX:DTX) ("DeeThree" or the "Company") is pleased to announce that its Board of Directors has unanimously approved the reorganization of DeeThree to create two, focused and independent, publicly traded energy companies - one, a sustainable growth-focused light-oil company centered around DeeThree's Belly River development in the Pembina-Brazeau area of Alberta, to be named Boulder Energy Ltd. ("Boulder"); and the other [Read more]