CALGARY, ALBERTA--(Marketwired - April 20, 2015) - Traverse Energy Ltd. (the "Corporation") (TSX VENTURE:TVL) announces that it granted stock options to its directors and officers to purchase 1,750,000 common shares with an exercise price of $0.62 per share and an expiry date 5 years from the date of grant. The options vest immediately upon grant. The total number of options outstanding as of the date hereof is 6,880,000. The Corporation is a junior oil and natural gas exploration and [Read more]
News
Yangarra Expands Credit Facility
CALGARY, April 20, 2015 /CNW/ - Yangarra Resources Ltd. ("Yangarra" or the "Company") (TSX:YGR) expands credit facility, provides an update on TransCanada Pipelines' ("TCPL") on-going restrictions and an update on two recently drilled wells using a cemented liner. Credit Facility Update Yangarra has entered into amended and restated credit facility agreements with Alberta Treasury Branches ("ATB") which now consists of an $80 million senior line (previously $70 million) and a $10 million [Read more]
Silverstar Resources Announces Acquisition of Producing Oil Properties
HENDERSON, NV / ACCESSWIRE / April 20, 2015 / Silverstar Resources, Inc. ("Silverstar" or "the Company") (PINKSHEETS: SLVM) is pleased to announce the acquisition two producing oil properties in Alberta, Canada. "The acquisition of these properties with production of 40 barrels per day equivalent embarks the Company on its producing energy acquisition plan," stated Jared Robinson, President and CEO of Silverstar. Robinson further states, "Along with this acquisition, the Company is already [Read more]
Legacy Oil + Gas Inc. Responds to FrontFour’s Notice of Intent to Nominate Directors
CALGARY, ALBERTA--(Marketwired - April 20, 2015) - Legacy Oil + Gas Inc. ("Legacy" or the "Company") (TSX:LEG) confirms that it has received notice from FrontFour Master Fund Ltd. (with its applicable affiliates, "FrontFour") of its intent to nominate three individuals for election as directors at Legacy's upcoming annual general meeting. Legacy's Board of Directors has formed a Special Committee of the Board comprised of Jim Bertram (Chair), Aidan Walsh and Randal Brockway, all of whom are [Read more]
Artisan Energy Completes Drilling and Casing of Chip Lake and Sedalia Exploration Wells
CALGARY, ALBERTA--(Marketwired - April 20, 2015) - Artisan Energy Corporation ("Artisan" or the "Corporation") (TSX VENTURE:AEC) is pleased to announce that it has completed drilling of the first two wells of its 2015 Canadian Exploration Expense ("CEE") flow-through program and both wells have been cased for testing and production. Approximately $1,600,000 of Artisan's $5,130,000 2015 CEE budget and obligation has been spent. Chip Lake, Alberta At its Chip Lake core area Artisan drilled [Read more]
How the oil shock turned federal budget wish lists into watery wine
OTTAWA - As last autumn's colours were setting in, veteran Ottawa lobbyist Dan Kelly was confident the spring would produce a federal budget surplus with ample room for announcements.But following a long winter, the head of the Canadian Federation of Independent Business is approaching Tuesday's election-year budget with his hopes somewhat in check."Things were trucking on really well, we were certainly thinking very positively about some of our requests — some of our tax-reduction requests in [Read more]
US oil and natural gas rig count drops by 34 to 954 as oil prices slump; down 15 in Texas
Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. declined by 34 this week to 954 amid depressed oil prices.Houston-based Baker Hughes said Friday 734 rigs were seeking oil and 217 explored for natural gas. Three were listed as miscellaneous. A year ago, 1,831 rigs were active.Among major oil- and gas-producing states, Texas plummeted by 15 rigs; Oklahoma was down six; North Dakota lost five; Wyoming was down four; and California, [Read more]
Stonehaven Reports Corporate Update
CALGARY, ALBERTA--(Marketwired - April 17, 2015) - Stonehaven Exploration Ltd. ("Stonehaven" or the "Company") (TSX VENTURE:SE) reports that Mr. Gordon Mayr, P.Eng. has been appointed Vice President, Engineering. Mr. Mayr is a professional petroleum engineer with over 20 years of oil and gas experience. Stonehaven also reports that Ms. Sarah Hundal has been appointed as Chief Financial Officer to succeed Mr. Robert Todd who will remain with the Company. Ms. Hundal is a Chartered Accountant with [Read more]
Protesters in kayaks greet Arctic drill rig as it arrives in Washington state harbour
PORT ANGELES, Wash. - Protesters in kayaks greeted a rig that could be used for oil drilling in the Arctic as it arrived Friday in Washington state following a journey across the Pacific that included being boarded by Greenpeace activists.The 400-foot Polar Pioneer was due to be offloaded in Port Angeles, on the Olympic Peninsula, to have equipment installed.About three dozen protesters took to the water, many of them in kayaks, as the rig arrived in the harbour at 7 a.m., the Peninsula Daily [Read more]
Trafigura Canada Closes Agreement With Nexen Marketing
Third Party Lease Purchase Contracts With Canadian Oil Producers To Transfer To Trafigura CALGARY, Alberta, April 17, 2015 /CNW/ -- Trafigura Canada General Partnership ("Trafigura") has today signed an agreement with Nexen Marketing to transfer its third-party lease business in Canada to Trafigura. "Trafigura's core business is physical trading and logistics," said Iain Singer, Head of Trafigura Canada. Founded in 1993, the Trafigura Group has become one of the world's leading independent [Read more]