CALGARY, ALBERTA--(Marketwired - Jan. 28, 2015) - StonePoint Energy Inc. (TSX VENTURE:STO) ("StonePoint" or the "Company") is pleased to announce the following activity update. Since closing the private placement on October 2, 2014, the Company has focussed on its core strategy of acquiring assets in the greater Peace River Arch and Deep Basin areas. With the rapidly changing commodity price environments, the Company has continued to aggressively evaluate and pursue production acquisitions and [Read more]
News
Ivanhoe Energy provides update on initiatives to obtain additional financing and the status of the interest payment on convertible debentures
VANCOUVER, Jan. 28, 2015 /CNW/ - Ivanhoe Energy Inc. (TSX: IE; NASDAQ: IVAN) (TSX: IE.DB) today announced that the company continues to be actively engaged in discussions with various stakeholders to recapitalize the company. Strategic and financial alternatives under consideration are focused on relieving the financial burden of the company's current debt structure and obtaining additional financing necessary to fund ongoing operations. There can be no assurance that the current process will [Read more]
Coral Hill Announces Receipt of Notice of Termination of Aspenleaf Arrangement
CALGARY, ALBERTA--(Marketwired - Jan. 28, 2015) - Coral Hill Energy Ltd. ("Coral Hill") announces that subsequent to the approval of the Court of Queen's Bench of Alberta yesterday for the final order approving the arrangement and the receipt of other items in satisfaction of the conditions precedent to closing of the arrangement, including, among other things, the approval of 99.91% of the Coral Hill securityholders in favor of the arrangement, the consent of Coral Hill's lenders for the change [Read more]
Imperial Oil evaluating future of its 500 company-owned gas stations
CALGARY - Imperial Oil Ltd. (TSX:IMO) is thinking about selling 500 gas stations to partners who would continue to sell fuel under the Esso brand.Roughly two-thirds of Imperial's 1,700 Esso stations across Canada have been operating under what it calls a "branded wholesaler" model for about 15 years. The Calgary-based company said Wednesday it's looking into whether it makes sense to do the same with the remainder.Imperial, majority owned by U.S. energy giant ExxonMobil Corp., would supply fuel [Read more]
Pembina Pipeline Corporation Announces $600 Million Public Note Offering
CALGARY, Jan. 28, 2015 /CNW/ - Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL, NYSE: PBA) announced today that it has agreed to offer $600 million of senior unsecured medium-term notes (the "Offering"). The Offering will be conducted in two tranches consisting of $450 million in senior unsecured medium-term notes, series 5 (the "Series 5 Notes") having a fixed coupon of 3.54% per annum, paid semi-annually, and maturing on February 3, 2025, and $150 million through the [Read more]
NAFTA environment watchdog won’t probe oilsands tailings ponds
The three countries that run the North American Free Trade Agreement's environmental watchdog have voted against an investigation into how Canada oversees Alberta's oilsands.The unanimous decision by Canada, Mexico and the United States comes despite recommendations from staff at the Commission on Environmental Co-operation. They had concluded there were enough questions about how environmental rules are enforced on oilsands tailings ponds to justify an investigation.The commission was created [Read more]
Edge Resources Inc. Announces Completion of New Facility and Provides Operational Update
CALGARY, ALBERTA--(Marketwired - Jan. 28, 2015) - Edge Resources Inc. ("Edge" or the "Company") (TSX VENTURE:EDE)(AIM:EDG) is pleased to announce that it has completed its 100% owned and operated water and natural gas handling facility and 6,000 meters of natural gas and water pipelines in Eye Hill East (the "Facility"). Additionally, the Company wishes to provide a financial and operational commentary, within the context of current market conditions. Eye Hill Facility In Eye Hill, the Company [Read more]
Ikkuma Resources Corp. Provides Operations Update, Reduces its Capital Budget by 49%, and Exceeds its 2014 Forecast Exit Rate
CALGARY, Jan. 28, 2015 /CNW/ - Ikkuma Resources Corp. ("Ikkuma" or the "Corporation") is pleased to announce that the Corporation achieved an average production rate of 7,150 boe/d for the month of December 2014, exceeding its previous guidance of 7,000 boe/d, due in part to a lower than expected corporate decline rate of 18%. Due to the recent decline in commodity prices, the Corporation is reducing its 2015 capital program by 49%, to $23 million from $46 million. In light of Ikkuma's [Read more]
Hemisphere Energy Exceeds 1,000 boe/d and Provides Operational Update
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan. 28, 2015) - Hemisphere Energy Corporation ("Hemisphere" or the "Company") (TSX VENTURE:HME) is pleased to provide an update on corporate production, highlights from the fourth quarter, and operational plans for 2015. Production Update Hemisphere achieved record production rates since bringing the wells from its fall drilling program on-stream. Based on field estimates, production during the last two weeks has averaged 1,025 boe/d (88% oil), [Read more]
Tamarack Valley Energy Ltd. Announces $47 Million Capital Budget for 2015
CALGARY, ALBERTA--(Marketwired - Jan. 28, 2015) - Tamarack Valley Energy Ltd. ("Tamarack" or the "Company") (TSX VENTURE:TVE) is pleased to announce its Board of Directors has approved the 2015 capital expenditure budget. Tamarack has always been a rate of return driven company focused on drilling wells that target a return on capital cost payout of 1.5 years or less. With the current commodity price environment and current cost of services, the number of investment opportunities able to deliver [Read more]