CALGARY, ALBERTA--(Marketwired - Dec. 23, 2014) - Stonehaven Exploration Ltd. ("Stonehaven" or the "Company") (TSX VENTURE:SE) reports that it has closed its previously announced private placement offering (the "Offering") of 2,267,000 common shares of the Company issued on a "flow-through" basis (the "Flow-Through Shares") at a price of $1.50 per Flow-Through Share, resulting in gross proceeds of $3,400,500. The gross proceeds of the Flow-Through Shares will be used by the Company to incur [Read more]
News
Palliser Provides Status Update
Calgary, Alberta / ACCESSWIRE / December 23, 2014 / Palliser Oil & Gas Corporation ("Palliser" or the "Company") (TSX VENTURE: PXL) announces that the forbearance agreement between Palliser and its lender has been further extended to January 9, 2015. Separately, Palliser has discontinued the special committee of the board of directors of Palliser and has retained Paradigm Capital Inc. to provide financial advisory services and to assist the Company in identifying and evaluating potential [Read more]
Enbridge Energy Partners Approves Alberta Clipper Pipeline Drop Down Acquisition and 3 Percent Initial 2015 Distribution Increase
HOUSTON, TX--(Marketwired - Dec 23, 2014) - Enbridge Energy Partners L.P. (NYSE: EEP) (NYSE: EEQ) ("EEP" or the "Partnership") announced today that agreement has been reached on the terms of the drop down to the Partnership of the remaining 66.7 percent interest in the U.S. segment of the Alberta Clipper Pipeline from its general partner, Enbridge Energy Company, Inc., ("EECI"), a U.S. affiliate of Enbridge Inc. (NYSE: ENB) ("ENB"), previously announced on September 17, 2014. The drop down is [Read more]
Vital Energy Inc.: Core Project Areas – Status Update
CALGARY, ALBERTA--(Marketwired - Dec. 23, 2014) - Vital Energy Inc. ("Vital" or the "Corporation") (TSX VENTURE:VUX) announces: The recent Gull Lake Area, S.W. Saskatchewan Project vertical development wells located at 4-5-14-19 W3M and 15-32-13-19 W3M have both been on production for over 30 days. Both wells are producing medium gravity oil from the Roseray formation. Stabilized production rates from the wells are approximately 100 barrels of oil per day. Vital announces that 11-32-13-19 [Read more]
Natural gas price diving when it usually rises, on mild weather, high supplies
NEW YORK - Natural gas, the nation's most prevalent heating fuel, is getting cheaper just as winter is arriving because of mild temperatures and plentiful supplies.The price of natural gas has dropped 29 per cent in a month, to $3.17 per 1,000 cubic feet on Tuesday from nearly $4.50 in late November. That's a steep drop even for a fuel notorious for volatile price swings.The lower prices are expected to linger and could reduce electricity prices and heating bills in the coming months. Natural [Read more]
Toro Announces Closing of $5.8 Million Bought Deal Private Placement Equity Financing
CALGARY, ALBERTA--(Marketwired - Dec. 23, 2014) - Toro Oil & Gas Ltd. (TSX VENTURE:TOO) ("Toro" or the "Company") is pleased to announce the closing of the previously announced bought deal private placement and the issuance of an aggregate of 5,094,500 common shares (including 664,500 common shares issued pursuant to the exercise of the option of the Underwriters (as defined herein)) on a flow-through basis in respect of Canadian Exploration Expenses (the "Flow-Through Shares"), at a price [Read more]
Leucrotta Exploration Inc. Announces Grant of Incentive Stock Options
CALGARY, ALBERTA--(Marketwired - Dec. 23, 2014) - Leucrotta Exploration Inc. (the "Corporation") (TSX VENTURE:LXE) announces that its board of directors approved the granting of incentive stock options ("Options") under its stock option plan to certain of its directors and officers to acquire up to an aggregate of 3,495,000 common shares ("Common Shares") of the Corporation and the granting of Options to certain of its employees and consultants to acquire up to an aggregate of 1,177,000 Common [Read more]
Northern Blizzard Resources Inc. Announces Revised 2015 Capital Program & Guidance; Maintains Dividend
CALGARY, Dec. 22, 2014 /CNW/ - Northern Blizzard Resources Inc. ("Northern Blizzard" or the "Company") (TSX: NBZ) announces a revised capital program for 2015 in response to the significant decline in crude oil prices. The capital program for 2015 has been reduced by 40% from $215 million to $130 million, which maintains the Company's financial strength while supporting estimated 2015 production of 23,000 boe/d and the monthly dividend of $0.08 per share. Revised 2015 capital [Read more]
Marquee Energy Ltd. Announces Normal Course Issuer Bid
CALGARY, Dec. 22, 2014 /CNW/ - Marquee Energy Ltd. ("Marquee" or the "Company") (TSXV: "MQL") announces that it intends to implement a normal course issuer bid ("NCIB") through the facilities of the TSX Venture Exchange ("TSXV"). Pursuant to the NCIB, Marquee would be able to purchase for cancellation up to 6,017,034 (5%) of its common shares (the "Shares") issued and outstanding for a one year period, at prevailing market prices. Subject to regulatory approval, the one year period will commence [Read more]
Encana Unlocks Value From Montney Midstream Assets With Innovative Sale Agreement
CALGARY, AB--(Marketwired - December 22, 2014) - Encana Corporation (TSX: ECA) (NYSE: ECA) Encana Corporation ("Encana") announced today it has reached an agreement with Veresen Midstream Limited Partnership ("Veresen Midstream"), a 50/50 limited partnership of Veresen Inc. and affiliates of Kohlberg Kravis Roberts & Co. L.P. ("KKR"), under which Encana and Cutbank Ridge Partnership ("CRP"), a partnership between Encana and Cutbank Dawson Gas Resources Ltd., a subsidiary of Mitsubishi [Read more]