CALGARY, ALBERTA--(Marketwired - Dec. 8, 2014) - Normal Course Issuer Bid Trilogy Energy Corp. ("Trilogy") (TSX:TET) announced today that it intends to implement a normal course issuer bid ("NCIB") through the facilities of the Toronto Stock Exchange ("TSX") pursuant to which Trilogy would be able to purchase up to approximately 6,490,470 of its 105,150,110 common shares ("Common Shares") outstanding for a one year period at prevailing market prices on the TSX. The NCIB is subject to the [Read more]
News
Palliser Oil & Gas Corporation Announces Appointment of New Director and Resignation of Director
Calgary, AB / ACCESSWIRE / December 8, 2014 / Palliser Oil & Gas Corporation ("Palliser") (TSXV:PXL) announces the appointment of Kelly D. Kerr as a new board member and the resignation of Jeffrey C. Saponja from the Palliser Board of Directors. Mr. Kerr will serve on, and chair, the Palliser audit committee. Mr. Kerr has more than 28 years of experience working with various public and private oil and gas exploration companies. Mr. Kerr has held senior executive positions in junior public [Read more]
Relentless Resources Announces Non-Brokered Private Placement
CALGARY, ALBERTA--(Marketwired - Dec. 8, 2014) - Relentless Resources Ltd. (TSX VENTURE: RRL) ("Relentless" or the "Company") is pleased to announce that it intends to complete a non-brokered private placement for up to $2.0 million comprised of up to 4,444,445 common shares of the Company ("Common Shares") at a price of $0.225 per Common Share and up to 3,703,704 Common Shares to be issued on a "flow-through" basis pursuant to the Income Tax Act (Canada) (the "Tax Act") ("Flow-Through Shares") [Read more]
3MV Energy Announces Results of Phase I Fiske Drilling Program and Provides Operational Update
CALGARY, Dec. 8, 2014 /CNW/ - 3MV Energy Corp. ("3MV" or the "Company") (TSXV: TMV) is pleased to announce that the Phase I drilling program in its core area of Fiske, Saskatchewan has been completed resulting in 100% success of six new producing oil wells. The Fiske prospect is an area defined by 3MV and is approximately 12 miles south west of Rosetown, Saskatchewan. 3MV continues to maintain a fifty per cent working interest in excess of 50 contiguous sections. Phase II Fiske drilling is [Read more]
Vermilion Energy Inc. Announces 2015 Guidance
CALGARY, Dec. 8, 2014 /CNW/ - Vermilion Energy Inc. ("Vermilion", "We", or "Our") (TSX, NYSE: VET) is pleased to announce that our Board of Directors has approved a capital program of $525 million for 2015, a decrease of $150 million (22%) from our projected 2014 capital program expenditures of approximately $675 million. In light of the decrease in crude oil prices since mid-2014, we have reduced our 2015 capital investment plans to ensure the continued strength of our balance sheet and the [Read more]
Slumping oil prices threaten to reduce revenues at Canada’s top banks
TORONTO - Oil prices that reached a five-year low on Friday are starting to take a bite out of profits at TD Bank (TSX:TD) and raising concerns for the rest of the country's top lenders.Canada's biggest banks earn up to 20 per cent of their revenues through providing investment and corporate banking services, with oil and gas companies an important part of that client base.But with oil prices slipping — they have tumbled roughly 35 per cent to under $70 a barrel from their mid-summer highs due [Read more]
Northern B.C. First Nations to pursue part ownership of LNG, mining projects
PRINCE GEORGE, B.C. - First Nations chiefs in British Columbia's resource-rich north have banded together to pursue ownership of liquefied natural gas, mining and forestry projects.Thirty-six hereditary and elected chiefs have signed an agreement to collectively benefit from resource development in their traditional territories.Chief Martin Louie of the Nadleh Whut'en First Nation said Friday that a meeting to sign the agreement was triggered by concerns around consultation and environmental [Read more]
Tuscany Announces Planned $1,000,000 Flow-Through Financing and Updates Q4 2014 Drilling Program
CALGARY, ALBERTA--(Marketwired - Dec. 5, 2014) - Tuscany Energy Ltd. ("Tuscany" or the "Company") (TSX VENTURE:TUS) announces that it plans to issue up to 2.27 million common shares of the Company on a flow-through basis (the "Flow-Through Shares") at a price of $0.44 per Flow-Through Share for total consideration of up to approximately $1,000,000. Tuscany will renounce to subscribers of the common shares effective on or before December 31, 2014, eligible Canadian Exploration Expense in an [Read more]
Blackbird Energy Inc. Announces Closing of First Tranche of Non-Brokered Private Placement of Flow-Through Shares
CALGARY, ALBERTA--(Marketwired - Dec. 5, 2014) - Blackbird Energy Inc. (TSX VENTURE:BBI) ("Blackbird" or the "Company") is pleased to announce that it has completed the first tranche of the previously announced non-brokered flow-through share private placement (the "Private Placement") issuing a total of 12,850,555 shares at a price of $0.45 for gross proceeds of $5.78 million. The net proceeds from the Private Placement will be used by the Company to incur eligible Canadian Exploration [Read more]
Paramount Resources Ltd. Announces $200 Million Increase in Bank Credit Facility and Affirms Sales Volume Guidance
CALGARY, ALBERTA--(Marketwired - Dec. 5, 2014) - Paramount Resources Ltd. (TSX:POU) ("Paramount" or the "Company") is pleased to announce that its bank credit facility has been increased from $700 million to $900 million based on the results of its Deep Basin development programs. As part of the annual renewal, the revolving period of the facility has been extended to November 30, 2015. Paramount's sales volumes are expected to exceed 50,000 Boe/d depending on the availability of incremental [Read more]