CALGARY, ALBERTA--(Marketwired - Feb. 25, 2015) - Striker Exploration Corp. ("Striker" or the "Company") (TSX VENTURE:ELW) is pleased to announce that it has implemented its previously approved consolidation of the common shares of the Company (the "Common Shares") on the basis of one new Common Share for twenty existing Common Shares (the "Consolidation") and a name change from "Elkwater Resources Ltd." to "Striker Exploration Corp." (the "Name Change"). The Consolidation and the Name Change [Read more]
News
Ivanhoe Energy receives delisting notice from TSX
VANCOUVER, Feb. 25, 2015 /CNW/ - Ivanhoe Energy Inc. (TSX: IE; NASDAQ: IVAN) (TSX: IE.DB) announced today that the Toronto Stock Exchange (TSX) has determined to delist the common shares (symbol: IE) and the convertible debentures (symbol: IE.DB) of the company at the close of business on March 26, 2015 for failure to meet the continued listing requirements of the TSX. The common shares and debentures, which were suspended from trading on the TSX on February 20, 2015, will remain suspended until [Read more]
Keystone XL ‘roller-coaster’ ride likely lies ahead, ambassador Doer says
WASHINGTON - Canada's ambassador to the U.S. predicts a wild ride ahead in the Keystone XL debate, with this week's presidential veto of a pro-pipeline bill just one more twist in the journey."We expect a roller-coaster here and we expect setbacks," Gary Doer said in an interview. He said lawmakers will probably move on to other issues for a while, then return to Keystone. Congress is in a dispute over immigration rules — which has gotten so bitter that it's prompted a standoff that could [Read more]
TORC Announces Closing of the Previously Announced Strategic Acquisition in Southeast Saskatchewan
CALGARY, Feb. 25, 2015 /CNW/ - TORC Oil & Gas Ltd. ("TORC" or the "Company") (TSX: TOG) is pleased to announce that it has closed its previously announced acquisition of complementary, conventional light oil assets in southeast Saskatchewan (the "Acquisition"). The strategic Acquisition includes over 1,550 boepd (94% light oil and liquids) of high quality, low decline, light oil producing assets (the "Acquired Assets"). Total consideration for the Acquisition was payable through the [Read more]
Rock Energy Inc. Announces the Closing of $13.2 Million Bought Deal Financing
CALGARY, ALBERTA--(Marketwired - Feb. 25, 2015) - Rock Energy Inc. ("Rock" or the "Company") (TSX:RE) is pleased to announce that it has closed its previously announced bought deal financing. A total of 5,600,000 common shares of Rock ("Common Shares") have been issued at a price of $2.35 per Common Share for gross proceeds of $13,160,000. The underwriters have the option to purchase up to an additional 840,000 Common Shares at a price of $2.35 per Common Share to cover over-allotments, if any, [Read more]
Kelt Announces $28.4 Million CDE Flow-Through Equity Financing
CALGARY, AB--(Marketwired - February 25, 2015) - Kelt Exploration Ltd. (TSX: KEL) ("Kelt" or the "Company") has determined to issue, by way of a non-brokered private placement, 3.3 million common shares on a "flow-through" basis in respect of Canadian development expenses ("CDE") at a price of $8.60 per share (the "Private Placement"), resulting in gross proceeds of $28.4 million. The flow-through share issue is priced at a 10% premium to the volume weighted average trading price of Kelt's [Read more]
TransCanada Announces Agreement to Sell Remaining 30 Per Cent Interest in GTN to TC PipeLines, LP
CALGARY, ALBERTA--(Marketwired - Feb. 25, 2015) - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) today announced that it has entered into an agreement to sell its remaining 30 per cent interest in Gas Transmission Northwest LLC (GTN) to its master limited partnership, TC PipeLines, LP (NYSE:TCP) (the Partnership). "This agreement is part of TransCanada's long-term strategy to drop down our remaining U.S. natural gas pipeline assets to the Partnership on a more sizable and [Read more]
Marquee Energy Ltd. announces strategic acquisition to further consolidate core Michichi area
CALGARY, Feb. 25, 2015 /CNW/ - Marquee Energy Ltd. ("Marquee" or the "Company") (TSXV: MQL) is pleased to announce that it has entered into an agreement to acquire light oil assets complementary to the Company's existing core asset base and infrastructure at Michichi. The strategic acquisition (the "Acquisition") includes approximately 330 boe/d (79% oil & NGLs) and 34 net sections of land containing Banff rights that are contiguous with Marquee's position in the area. Consideration is [Read more]
Encana Reports Strong Performance in 2014, Reduces 2015 Capital
CALGARY, AB--(Marketwired - February 25, 2015) - Encana (TSX: ECA) (NYSE: ECA) Encana reported strong results from a transformative 2014 in which the company restructured its organization, transformed its portfolio and delivered solid operational results. The company delivered on all of its strategic targets and achieved enduring efficiency improvements throughout the business. Highlights include: Average annual liquids production of 86,800 barrels per day (bbls/d) up 61 percent from [Read more]
Alberta premier says Keystone XL battle goes on despite veto by President Obama
EDMONTON - Alberta Premier Jim Prentice says the struggle over Keystone XL is not over, even with the veto of a bill approving the transcontinental pipeline.Prentice says the pipeline is ultimately in the best interests of both Canada and the United States, and says he believes that view will ultimately prevail.He says North America is an integrated energy market and that without a pipeline, Canadian oil will continue to enter the U.S. by rail.Prentice made the comments after U.S. President [Read more]