CALGARY, ALBERTA--(Marketwired - April 27, 2015) - Virginia Hills Oil Corp. ("Virginia Hills" or the "Company") (TSX VENTURE:VHO) and its wholly-owned subsidiary, 1834163 Alberta Ltd., have completed the acquisition (the "Acquisition") of a private oil and gas producer ("PrivateCo") with approximately 100 boe/d (85% light oil) of production, 24,000 net undeveloped acres in the Greater Red Earth area and $51 million of high quality tax pools. In connection with the Acquisition, Virginia Hills [Read more]
News
Valparaiso Energy Inc. Announces Private Placement
CALGARY, ALBERTA--(Marketwired - April 27, 2015) - Valparaiso Energy Inc. (the "Corporation") (NEX:VPO.H) has proposed, by way of a resolution of its Board of Directors, to extend the expiry date of 5,000,000 issued and outstanding warrants (the "Warrants") from 4:00 pm on April 29, 2015 to 4:00 pm on April 29, 2016. The Warrants were issued as part of a private placement which closed on April 29, 2014. Each Warrant entitles the holder to purchase one common share in the capital of the [Read more]
PrairieSky Announces First Quarter 2015 Results
CALGARY, ALBERTA--(Marketwired - April 27, 2015) - PrairieSky Royalty Ltd. ("PrairieSky" or the "Company") (TSX:PSK) is pleased to announce its first quarter operating and financial results for the period ended March 31, 2015. Highlights: Funds from Operations of $37.7 Million during the first quarter Leased land for new and existing plays, collecting a record $6.0 Million in lease issuance bonus consideration and recorded $4.0 Million in compliance recoveries Average first quarter [Read more]
Federal pipeline regulator asks public to guide emergency plans for oil spills
VANCOUVER - The chairman of the National Energy Board says the regulator has been "too conservative" in demanding information from oil pipeline companies and is moving to bolster disaster cleanup plan requirements.But Peter Watson contends that issues such as climate change remain outside his agency's mandate — a situation that can't be changed without federal legislation.Watson said the energy board will open a new round of public consultations on the specific emergency response information it [Read more]
Prentice says voter deserve clarity from the Alberta NDP on energy pipelines
EDMONTON - Alberta's election campaign has hit the home stretch with the Progressive Conservatives accusing the NDP of being pipeline defeatists, while the New Democrats chastise the Tories for backing projects they know will never be approved.Premier Jim Prentice attacked NDP Leader Rachel Notley on Monday for her promise to take a hands-off approach on two pipeline projects to get Alberta oil to the coast.Prentice said it reflects an NDP ethos in other provinces. He noted the party in British [Read more]
Surge says $430-million asset sale will reduce debt, help invest in discovery
CALGARY - Surge Energy Inc. (TSX:SGY) is selling some of its oil-producing assets in Saskatchewan and Manitoba for $430 million to an unidentified Canadian company.Calgary-based Surge said the sale will allow it to reduce its indebtedness and prepare it to redeploy capital to the Upper Shaunavon oil discovery in southwestern Saskatchewan.The assets for sale currently produce the equivalent of about 4,750 barrels of oil per day. They have 12.6 million barrels of proved reserves while proved plus [Read more]
Gibsons Announces Expansion of Its Hardisty West Terminal
CALGARY, ALBERTA--(Marketwired - April 27, 2015) - Gibson Energy Inc. ("Gibsons" or the "Company") (TSX:GEI) announced today that it will construct and operate an additional 900,000 barrels of storage capacity at Gibsons' Hardisty West Terminal located in Hardisty, Alberta. The expansion is intended to support Suncor Energy's growth plans. The Hardisty West Terminal was developed in 2011 as a joint venture with Suncor involving the construction of four storage tanks totaling 1.2 million [Read more]
Surge Energy Announces Continued Expansion of Crude Oil Discovery at Shaunavon, Saskatchewan; and $430 Million Asset Sale of SE Saskatchewan and Manitoba
CALGARY, April 27, 2015 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) announces that its previously disclosed Upper Shaunavon crude oil discovery in SW Saskatchewan is continuing to expand with excellent on-going delineation drilling results. Surge now believes that this high quality, conventional sandstone pool is over 250 million barrels of net original oil in place ("OOIP"1), with over 200 (net) low risk development drilling locations, and full waterflood upside. Surge [Read more]
Toro Oil & Gas Ltd Announces Filing of Year-End Materials
CALGARY, ALBERTA--(Marketwired - April 27, 2015) - Toro Oil & Gas Ltd. (TSX VENTURE:TOO) ("Toro" or the "Company") announces that it filed its financial and operating results for the fourth quarter and year ended December 31, 2014 with the Canadian Securities Administrators. The Company's financial statements, Management's Discussion & Analysis ("MD&A") and Annual Information Form ("AIF") can be found on the SEDAR website (www.sedar.com) or on the Company's website (www.torooil.com). [Read more]
TORC Oil & Gas Announces Strategic Acquisition in Southeast Saskatchewan, Bought Deal Financing, Concurrent Private Placement to Cornerstone Investor and Increase to 2015 Production Guidance
CALGARY, ALBERTA--(Marketwired - April 27, 2015) - TORC Oil & Gas Ltd. ("TORC" or the "Company") (TSX:TOG) is pleased to announce that it has entered into an agreement to acquire high quality, light oil assets which are complementary to TORC's existing assets in southeast Saskatchewan. The strategic acquisition (the "Acquisition") includes 4,750 boepd (~98% light oil and liquids) of low decline, high netback, light oil producing assets in southeast Saskatchewan and Manitoba (the "Acquired [Read more]