CALGARY, ALBERTA--(Marketwired - Nov. 27, 2014) - Forent Energy Ltd. (TSX VENTURE:FEN) is pleased to provide an operational update and to announce that it has filed its Interim Financial Statements and MD&A for the three and nine months ended September 30, 2014, on SEDAR and its website. Q3 2014 HIGHLIGHTS Third quarter production averaged 221 boe per day, an increase of 28% over the second quarter; Third quarter revenues, net of royalties, exceeded $1.0 million, an increase of 36% [Read more]
News
Bonterra Energy Corp. Enters Into An Agreement with Canada Revenue Agency With Regard to Its Conversion From A Trust To A Corporation
CALGARY, ALBERTA--(Marketwired - Nov. 27, 2014) - Bonterra Energy Corp. ("Bonterra" or "the Company") (TSX:BNE) announces that it has resolved issues with Canada Revenue Agency ("CRA") relating to CRA's objection to the tax consequences of the conversion of Bonterra's income trust structure into a business corporation. This will result in: No cash outlay by the Company for the taxation years 2009 to 2013 and reduced cash outlays for subsequent periods; A charge in the statement of [Read more]
Blackbird Energy Inc. Announces Upsizing of Previously Announced Private Placement of Flow-Through Shares
CALGARY, ALBERTA--(Marketwired - Nov. 27, 2014) - Blackbird Energy Inc. (TSX VENTURE:BBI) ("Blackbird" or the "Company") is pleased to announce an increase to the previously announced non-brokered flow-through share private placement (the "Private Placement") to 16,231,446 shares at a price of $0.45 per flow-through share for gross proceeds of $7.30 million. The available proceeds from the Private Placement will be used by the Company to incur eligible Canadian Exploration Expense ("CEE"). [Read more]
Northern Spirit Resources Inc. Announces Operations Update and Filing of Third Quarter 2014 Financial Statements and Management’s Discussion and Analysis
CALGARY, ALBERTA--(Marketwired - Nov. 26, 2014) - Northern Spirit Resources Inc. ("Northern Spirit" or the "Company") (TSX VENTURE:NS) is pleased to report that all 5 (3.8 net) of the horizontal wells drilled by the Company in 2014 have been completed, equipped and commenced production in September 2014. The wells were drilled in East Central Alberta in the Provost area. Three wells were drilled at Klein North, one at Klein South and the fifth at Sounding Lake. The Klein wells are operated by [Read more]
Gear Energy Ltd. Announces Initiation of Monthly Updates from the President
CALGARY, ALBERTA--(Marketwired - Nov. 26, 2014) - Gear Energy Ltd. (TSX:GXE) ("Gear" or the "Company") is pleased to announce that starting today the Company will begin posting regular monthly updates to the website. Management and the Board of Directors have decided to initiate this process in order to increase the frequency of communication with shareholders by providing brief operational updates on Gear as well as providing some perspective on the industry in general. The updates will [Read more]
Saskatchewan premier continues to call for support of Energy East pipeline
REGINA - Saskatchewan's legislature passed a motion Wednesday calling for the removal of what Premier Brad Wall calls unnecessary barriers to the Energy East pipeline project."We just wanted to make the point in the legislature that this is Canadian oil replacing foreign oil," he said. "Even though we are one of the most prolific producers of oil in the world, parts of our country import oil from Iraq, Algeria, Saudi Arabia, Venezuela, the United States. This doesn't make a lot of sense."The [Read more]
Saudi Oil Minister Naimi suggests OPEC does not need to cut output in effort to drive up price
VIENNA - Top OPEC producer Saudi Arabia suggested Wednesday there is no need for the cartel to cut its output ceiling despite a plunge in prices that has poorer members of the organization hurting.Saudi Oil Minister Ali Naimi told reporters he expects the oil market to eventually "stabilize itself." That suggests the Saudis, who effectively determine OPEC's production policy, will not back any calls for reducing output by other nations at Thursday's oil ministers' meeting.The global price of oil [Read more]
TransCanada cuts ties with U.S. public relations firm over campaign concerns
A Canadian pipeline company will no longer work with a controversial U.S. public relations firm on the Energy East proposal after leaked documents raised concerns about suggested tactics. TransCanada (TSX:TRP) has cut ties with the multinational firm Edelman on the campaign to build support for a plan to bring Alberta's oilsands crude to eastern refineries after it recommended secretly using third parties to attack the pipeline's opponents.The tactics were contained in documents leaked to the [Read more]
Elkwater Resources Ltd. Announces Filing of Final Short Form Prospectus Qualifying Distribution of Common Shares and Warrants
CALGARY, ALBERTA--(Marketwired - Nov. 26, 2014) - Elkwater Resources Ltd. (TSX VENTURE:ELW) ("Elkwater" or the "Company") is pleased to announce that it has obtained the final receipt (the "Final Receipt") for the (final) short form prospectus filed in the provinces of Alberta, British Columbia, Saskatchewan, Manitoba and Ontario (the "Qualifying Provinces") qualifying the distribution of 240,000,000 common shares in the capital of the Company (the "Common Shares") and 120,000,000 Common Share [Read more]
Bellatrix announces lender approval of increase to its credit facilities
CALGARY, Nov. 26, 2014 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE: BXE) announces that its syndicate of lenders, led by National Bank Financial as Sole Lead Arranger and Book Runner and National Bank of Canada as Administrative Agent, has approved, subject to completion of final documentation, an increase to the Company's borrowing base and credit facilities to $725 million from $625 million. Based upon its semi-annual borrowing base review for November 30, [Read more]