TSX Venture Exchange: IKM CALGARY, April 6, 2015 /CNW/ - Ikkuma Resources Corp. ("Ikkuma" or the "Corporation") is pleased to provide its year end 2014 reserves report, and announces the following operational successes. Recent Mannville Recompletion In the most recently recompleted well in its 2014 – 2015 capital program, several unstimulated, commingled upper Mannville Group sandstones delivered exceptionally strong results for the Corporation. During the first 22 hours of production [Read more]
News
Groundstar Resources Limited Provides Corporate Update
CALGARY, ALBERTA--(Marketwired - April 3, 2015) - Groundstar Resources Limited. (the "Company") (TSX VENTURE:GSA) today provides its bi-weekly update to its news release of March 20, 2015 pursuant to the requirements of National Policy 12-203 Cease Trade Orders for Continuous Disclosure Defaults ("NP 12-203") that its unaudited financial report, CEO and CFO certifications, and management discussion & analysis (the "Interim Filings") for the nine month period ended January 31, 2015 were not [Read more]
Connacher Continues Review of Capital Structure
CALGARY, April 2, 2015 /CNW/ - On January 30, 2015 Connacher Oil and Gas Limited (CLL - TSX; "Connacher" or the "Company") announced a proposed recapitalization transaction (the "Recapitalization") aimed at significantly reducing the Company's debt and annual interest expense, and providing additional liquidity to fund ongoing operations. On Thursday, April 2, 2015, the Court of Queen's Bench of Alberta dismissed the Company's application for a final order to implement the Recapitalization, as [Read more]
3MV Energy Announces the Issuance of Shares
CALGARY, April 2, 2015 /CNW/ - 3MV Energy Corp. ("3MV" or the "Company") (TSXV: TMV) is pleased to announce that it has issued 397,474 shares of the Company to Audax Investments Ltd ("Audax") in relation to interest payable quarterly on the $2MM secured draw down facility term loan. The debt facility bears interest at eight percent (8%) per annum, calculated and payable quarterly at the greater of the volume weighted average market price of the shares of 3MV on the five trading days preceding [Read more]
Saskatchewan court upholds ruling against Dene bid to halt oilsands exploration
REGINA - The Saskatchewan Court of Appeal has upheld a ruling against a First Nation that wants to halt oilsands exploration on what it calls its traditional territory.Last year a Court of Queen's Bench judge ruled against the Buffalo River Dene Nation's challenge of exploration permits issued to Scott Land and Lease.The First Nation had argued the permits were a violation of treaty rights and the policy of duty to consult was ignored.At the time, the judge in the case ruled there is no duty to [Read more]
Saturn Minerals Inc. Announces Completion of First Tranche of Private Placement
VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 2, 2015) - Saturn Minerals Inc. (TSX VENTURE:SMI)(FRANKFURT:SMK) ("Saturn" or the "Company") is pleased to announce that it has completed the first tranche for 3,200,000 units in connection with a Private Placement previously announced on March 23, 2015, of up to 4,500,000 flow-through units (the "FT Units") at a price of $0.18 per FT Unit. Each FT Unit consists of one flow-through common share (the "FT Shares") and one-half of a non [Read more]
Tuscany Announces Record Levels of Production, Revenue and Cash Flow for Year Ended December 31, 2014
CALGARY, ALBERTA--(Marketwired - April 2, 2015) - Tuscany Energy Ltd. (TSX VENTURE:TUS) is pleased to announce the results of its financial and operating results for the year ended December 31, 2014. During 2014 the Company's principal goals were to expand its heavy oil development drilling program, increase its oil reserves and maintain a conservative balance sheet. 2014 Highlights: Financial Record full year revenues of $17.6 million, increased from $10.1 million in 2013. Cash [Read more]
TransCanada Alters Québec Scope of Energy East Pipeline Project
MONTREAL, QUÉBEC--(Marketwired - April 2, 2015) - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) today announced it is altering the scope of the Energy East pipeline project in Québec as part of its continued commitment to stakeholder consultation, environmental stewardship and community safety. Part of that altered scope includes the decision not to build a marine and associated tank terminals at Cacouna, Québec. Potential alternative terminal options in Québec are being reviewed. [Read more]
Baytex Closes $632.5 Million Bought Deal Financing
CALGARY, ALBERTA--(Marketwired - April 2, 2015) - Baytex Energy Corp. ("Baytex") (TSX:BTE) (NYSE:BTE) has closed the previously announced bought deal financing (the "Equity Financing"). Baytex issued 36,455,000 common shares (the "Common Shares"), including 4,755,000 common shares pursuant to the full exercise of the over-allotment option, at a price of $17.35 per share for aggregate gross proceeds of approximately $632.5 million. The net proceeds from the Equity Financing will be used to [Read more]
TriOil Resources Ltd./ORLEN Upstream Canada Ltd.: Announcement of Name Change
CALGARY, ALBERTA--(Marketwired - April 2, 2015) - TriOil Resources Ltd., being part of the ORLEN Group, is pleased to announce that it is changing its name, effective immediately, to ORLEN Upstream Canada Ltd. ("Company") The name change is consistent with the ORLEN Group global strategy of building a single identity and provides ORLEN brand recognition to the Canadian oil and gas market, where the Company plans to expand its investment activities. ORLEN Upstream Canada's existing assets are [Read more]