CALGARY, ALBERTA--(Marketwired - April 7, 2015) - Questfire Energy Corp. (the "Corporation" or "Questfire") (TSX VENTURE:Q.A)(TSX VENTURE:Q.B) is pleased to announce the results of its independent reserves evaluation as of December 31, 2014 as prepared by GLJ Petroleum Consultants Ltd. ("GLJ"), the Corporation's independent reserves evaluator. The evaluation was prepared in accordance with National Instrument 51-101 - Standards of Disclosure for Oil and Gas Activities. Highlights of the [Read more]
News
SunOcean Energy Ltd. Announces Strategic Alternatives Process for Rainbow Lake Divestment
SunOcean Energy Ltd. (SEL), a privately held Alberta corporation, announces a strategic alternatives process for its remaining Rainbow Lake, north-western Alberta assets. In conjunction with SEL’s directors resolution dated December 10, 2014, SEL will consider full or partial divestment of all of its interests in the Rainbow Lake assets, including but not limited to; a merger, financing, corporate or asset divestment. SunOcean has released an information memorandum and opened its electronic [Read more]
DeeThree Exploration Ltd. Announces Corporate Reorganization to Create Two Oil-Focused Companies
CALGARY, ALBERTA--(Marketwired - April 7, 2015) - DeeThree Exploration Ltd. (TSX:DTX) ("DeeThree" or the "Company") is pleased to announce that its Board of Directors has unanimously approved the reorganization of DeeThree to create two, focused and independent, publicly traded energy companies - one, a sustainable growth-focused light-oil company centered around DeeThree's Belly River development in the Pembina-Brazeau area of Alberta, to be named Boulder Energy Ltd. ("Boulder"); and the other [Read more]
NuVista Energy Ltd. Announces Bought Deal Financing and Concurrent Private Placement
CALGARY, ALBERTA--(Marketwired - April 7, 2015) - NuVista Energy Ltd. ("NuVista") (or the "Company") (TSX:NVA) is pleased to announce that it has entered into an agreement with a syndicate of underwriters led by RBC Capital Markets and Peters & Co. Limited, pursuant to which the underwriters have agreed to purchase, on a bought deal basis, 11,465,000 common shares of the Company (the "Common Shares") at a price of $7.85 per Common Share and to place on a bought deal basis 925,000 common [Read more]
Bonterra Energy Corp. Announces Borrowing Base Increase Following Annual Banking Review
CALGARY, ALBERTA--(Marketwired - April 7, 2015) - Bonterra Energy Corp. (www.bonterraenergy.com) (TSX:BNE) ("Bonterra" or "the Company") is pleased to announce today that following its annual banking review, certain amendments to the existing credit agreement dated April 29, 2009 between the Company and its syndicate of lenders (the "Lenders"), have been agreed to. Based on the terms and conditions set forth in the amended credit agreement, the Lenders have agreed to the [Read more]
Leucrotta Provides Information on Light Oil Discoveries and Liquids-Rich Montney Project
CALGARY, ALBERTA--(Marketwired - April 7, 2015) - Leucrotta Exploration Inc. ("Leucrotta" or the "Company") (TSX VENTURE:LXE) is pleased to announce an update on its two light oil discoveries and as well as other operational activities. Montney Light Oil Discovery: The Mica 13-7 horizontal well was drilled with a vertical pilot that was cored and logged prior to drilling a 1,500 meter horizontal leg. The well was drilled in Q4 2014 and completed in Q1 2015. During a 29 day test period, the [Read more]
Leucrotta Exploration Announces Significant Reserve Growth
CALGARY, ALBERTA--(Marketwired - April 7, 2015) - Leucrotta Exploration Inc. ("Leucrotta" or the "Company") (TSX VENTURE:LXE) is pleased to announce its 2014 year-end reserves as independently evaluated by GLJ Petroleum Consultants Ltd. ("GLJ"), in accordance with National Instrument 51-101 ("NI 51-101"). 2014 Highlights Increased proved plus probable reserves by 87% to 25.5 million barrels of oil equivalent ("boe") Increased proved reserves by 62% to 14.1 million boe Reserve [Read more]
Canadian Natural Resources Limited Announces Normal Course Issuer Bid
CALGARY, ALBERTA--(Marketwired - April 7, 2015) - Canadian Natural Resources Limited (TSX:CNQ) (NYSE:CNQ) ("Canadian Natural") announced today that Toronto Stock Exchange has accepted notice filed by Canadian Natural of its intention to make a Normal Course Issuer Bid through the facilities of Toronto Stock Exchange. Purchases may also be made through the facilities of the New York Stock Exchange. The notice provides that Canadian Natural may, during the 12 month period commencing April 9, [Read more]
Greenpeace activists board drill rig retained by Shell for Arctic offshore drilling
ANCHORAGE, Alaska - Six Greenpeace activists protesting Arctic offshore drilling on Monday boarded a drill rig as it was transported across the Pacific Ocean toward Seattle, where it will be staged for drilling on Shell leases in Alaska waters.The 400-foot Polar Pioneer, owned by Transocean Ltd., was on board a heavy-lift vessel about 750 miles northwest of Hawaii when the activists approached in inflatable boats and used climbing gear to get on board, Greenpeace spokesman Travis Nichols [Read more]
Oil slump dampens companies’ expectations for sales, investment, hiring: BoC
OTTAWA - The sting of lower oil prices has dampened the confidence of companies when it comes to future sales growth, investment and hiring, the Bank of Canada's latest business outlook has found.The central bank's quarterly sampling of 100 representative businesses, released Monday, suggested cheaper crude had even eroded sales expectations among firms beyond the energy sector, such as those down the supply chain."More businesses than in previous surveys anticipate an outright decline in sales [Read more]