CALGARY, ALBERTA--(Marketwired - April 14, 2015) - Freehold Royalties Ltd. ("Freehold" or the "Company") (TSX:FRU) announced today that it has entered into definitive agreements with Penn West Petroleum Ltd. ("Penn West") to acquire two royalty packages totalling an expected 1,400 barrels of oil equivalent ("boe") per day of 2015 average net production with expected annualized operating income of $29 million in 2015 under the pricing assumptions used in the Company's current guidance (US$60 per [Read more]
News
Oil spill 90 per cent cleared but slick reaches beaches north of city: officials
VANCOUVER - Depending on who you were listening to on Tuesday, the response to Vancouver's toxic fuel spill was either a fine example of speed and co-ordination or a chaotic event filled with miscommunication.Coast guard commissioner Jody Thomas called the agency's handling of the spill "excellent" while city manager Penny Ballem stopped short of outright criticizing its response in a report to council.The spill dumped at least 2,700 litres of bunker fuel into English Bay last week.Ballem [Read more]
Shoreline Energy Corp. Obtains Creditor Protection
CALGARY, ALBERTA--(Marketwired - April 14, 2015) - Shoreline Energy Corp. (TSX:SEQ) ("Shoreline" or the "Company") announces today that it has obtained creditor protection under the Companies' Creditors Arrangement Act (Canada) (the "CCAA") pursuant to an Order granted on April 13, 2015 by the Court of Queen's Bench of Alberta, Judicial Centre of Calgary (the "Court"). The CCAA filing follows a review of Shoreline's strategic alternatives by its Board of Directors. Details of the CCAA filing [Read more]
Maple Leaf Royalties Corp. Announces Royalty Acquisition and Approval of Dividend Policy
CALGARY, ALBERTA--(Marketwired - April 14, 2015) - Maple Leaf Royalties Corp. (TSX VENTURE:MPL) ("Maple Leaf") is pleased to announce that it has entered into an agreement to acquire existing gross overriding royalty interests in southern Alberta, and that its board of directors has approved a dividend policy. Asset Acquisition Maple Leaf has executed purchase and sale agreements with two private oil and gas companies whereby Maple Leaf will acquire a 5-15% sliding scale gross overriding [Read more]
Deep Well SAGD Project Operations Update
EDMONTON, ALBERTA--(Marketwired - April 14, 2015) - Deep Well Oil & Gas, Inc. (and its subsidiaries - "Deep Well" or "Company") (OTCQB:DWOG) is pleased to announce the following operations update on its joint Steam Assisted Gravity Drainage project ("SAGD Project") located in Sawn Lake, Alberta. The SAGD well pair was drilled to a vertical depth of approximately 650 meters with a horizontal length of 780 meters each. Steam injection began in May 2014 and circulated for up to four months with [Read more]
Pinecrest Energy Inc. Announces Amendment to Plan of Arrangement and Departure of Executive Officers
CALGARY, ALBERTA--(Marketwired - April 13, 2015) - Pinecrest Energy Inc. ("Pinecrest" or the "Company") (TSX VENTURE:PRY) has amended the plan of arrangement involving Cardinal Energy Ltd. (the "Purchaser"), Virginia Hills Oil Corp. ("Virginia Hills"), the Company and the Company's shareholders (the "Arrangement"). The amendment removes the step in the plan of arrangement transferring the employment of executive officers and employees of Pinecrest to Virginia Hills while all other steps in the [Read more]
Questfire Energy Corp. Announces Incentive Share Option Issuance
CALGARY, ALBERTA--(Marketwired - April 13, 2015) - Questfire Energy Corp. (the "Corporation") (TSX VENTURE:Q.A)(TSX VENTURE:Q.B) announces it has issued an aggregate of 600,000 options to directors, officers, employees and consultants pursuant to its stock option plan, of which 255,000 were granted to directors and officers. The options have an exercise price of $1.30 per share and will expire on April 13, 2025. To request a free copy of Questfire's financial report or if you would like to be [Read more]
National Energy Board Launches Online Pipeline Incident Map
CALGARY, April 13, 2015 /CNW/ - The National Energy Board (NEB) has launched an online interactive Pipeline Incident Map that offers Canadians the opportunity to view all pipeline incidents in Canada since 2008. In launching the map, NEB Chair Peter Watson said, "This new and interactive tool offers Canadians the ability to learn more about pipeline incidents and the companies involved. It also demonstrates the NEB's increasing commitment to transparency." The Pipeline Incident Map [Read more]
Gibson Announces New Storage Capacity at Hardisty
CALGARY, ALBERTA--(Marketwired - April 13, 2015) - Gibson Energy Inc. ("Gibsons" or the "Company"), (TSX:GEI), is pleased to announce that it has received sufficient committed shipper support to proceed with an additional 900,000 barrels of crude oil storage capacity at the Company's Hardisty Terminal. This will be comprised of a 400,000 barrel storage tank and a 500,000 barrel storage tank. The 500,000 barrel storage tank is backed by a long-term agreement with Teck Resources Limited, a new [Read more]
Perpetual Energy Inc. Announces Disposition of Royalty Lands in East Central Alberta for $21 Million
CALGARY, April 13, 2015 /CNW/ - (TSX:PMT) - Perpetual Energy Inc. ("Perpetual", the "Corporation" or the "Company") is pleased to announce it has closed the sale of certain fee simple lands in east central Alberta, and a working interest in related seismic data, for $21.0 million. The transaction involves 206,712 net acres (207,770 gross) of fee simple lands, primarily comprised of section 8 and three quarters of section 26 in a checkerboard pattern across a 14 by 18 township area east of [Read more]