CALGARY, Sept. 15, 2014 /CNW/ - Seven Generations Energy Ltd. ("7G" or the "Company") is pleased to announce that Mr. Randy Evanchuk, Executive Vice President, has agreed to lead the Company's health, safety and environment activities and Mr. Randy Hnatuik has joined 7G as Vice President Business Development. Mr. Evanchuk is now responsible for the Company's pursuit of excellence in health, safety and environmental performance. Previously, he was responsible for leading production, facility [Read more]
News
Alberta woman loses fracking case appeal, wants to take case to Supreme Court
EDMONTON - An Alberta woman has lost her appeal to sue the province's energy regulator over hydraulic fracturing on her property.Jessica Ernst launched a $33-million lawsuit against the Alberta government, the province's energy regulator and energy company Encana (TSX:ECA).She claims gas wells fracked around her land northeast of Calgary unleashed hazardous amounts of methane and ethane gas and other chemicals into her water well.Last fall an Alberta Court of Queen's Bench judge ruled that Ernst [Read more]
Tainted water in two states from leaky gas wells, not fracking itself, study says
WASHINGTON - The drilling procedure called fracking didn't cause much-publicized cases of tainted groundwater in areas of the states of Pennsylvania and Texas, a new study finds. Instead, it blames the contamination on problems in pipes and seals in natural gas wells.After looking at dozens of cases of suspected contamination, the scientists focused on eight hydraulically fractured wells in those states, where they chemically linked the tainted water to the gas wells. They then used chemical [Read more]
Kallisto Energy Corp. Announces Recapitalization Financing and New Management Team
CALGARY, ALBERTA--(Marketwired - Sept. 15, 2014) - Kallisto Energy Corp. ("Kallisto" or the "Company") (TSX VENTURE:KEC) is pleased to announce that it has entered into a definitive reorganization and investment agreement (the "Agreement") with Barry Olson, Donald Sabo, Greg Phaneuf, Elizabeth More, Neil Wilson, Kellie D'Hondt and Paul Storey (the "Initial Investor Group"), which provides for: (i) a non-brokered private placement of approximately $25 million in aggregate (the "Private [Read more]
Seven Generations Energy Expands Liquids Transportation Relationship with Pembina
CALGARY, Sept. 15, 2014 /CNW/ - Seven Generations Energy Ltd. ("7G" or the "Company") is pleased to announce that it has increased its contracted volumes with Pembina Pipeline Corporation and its affiliates ("Pembina"). 7G has increased its volumes on Pembina's Peace Pipeline Phase III Expansion by 91% to 40,695 barrels per day, such service to commence upon the completion of Pembina's Phase III Expansion expected in late-2016 to mid-2017. This volume is primarily comprised of condensate, and [Read more]
Ivanhoe Energy’s Chief Financial Officer Resigns
CALGARY, Sept. 15, 2014 /CNW/ - Ivanhoe Energy Inc. (TSX: IE; NASDAQ: IVAN) announced today that Senior Vice President, Finance and Chief Financial Officer (CFO), Greg Phaneuf, is leaving Ivanhoe Energy to accept a role with another company. Mr. Phaneuf's resignation is effective October 10, 2014 and he will continue in the role until that date to assist the Company with the transition to a new CFO. We appreciate Greg's efforts on behalf of Ivanhoe Energy and wish him well as he embarks on [Read more]
Arsenal Energy Inc. Releases Operational Update
CALGARY, ALBERTA--(Marketwired - Sept. 15, 2014) - Arsenal Energy Inc. ("Arsenal" or the "Company") (TSX:AEI) (PINKSHEETS:AEYIF) is pleased to release an operations update. At Princess, Alberta, Arsenal has completed all tie-in operations, battery debottlenecking and water disposal upgrades. Current total production from Princess is approximately 1,500 barrels of oil equivalent ("boe") per day (80% oil). In August, Arsenal commissioned Deloitte LLP, to prepare an independent reserve [Read more]
Liquefied natural gas projects in British Columbia want federal tax break:Globe
TORONTO - There's a report that the players behind major liquefied natural gas projects in British Columbia are lobbying Ottawa for tax relief.The Globe and Mail newspaper reports that the newly formed B.C. LNG Developers Alliance, representing four of the largest proponents of LNG exports from the West Coast, want their planned multibillion-dollar terminals treated as manufacturing operations to gain tax concessions.The Globe says the alliance is arguing that it is in the national interest to [Read more]
Leucrotta Exploration Inc. Announces Completion of Non-Brokered Private Placement of Units
CALGARY, ALBERTA--(Marketwired - Sept. 15, 2014) - Leucrotta Exploration Inc. ("Leucrotta") (TSX VENTURE:LXE) is pleased to announce the completion of its previously announced offering of 7.65 million units of Leucrotta ("Units"), on a non-brokered private placement basis, to certain officers, employees and directors of Leucrotta, at a price of $1.70 per Unit for aggregate gross proceeds of approximately $13 million (the "Offering"), as described in the joint information circular of Crocotta [Read more]
Quattro Expands Exploration and Drilling Efforts, Signing a Binding Letter of Intent to Acquire Database and Pore Pressure Analysis for $800,000
CALGARY, ALBERTA--(Marketwired - Sept. 15, 2014) - Quattro Exploration and Production Ltd. ("Quattro" or the "Company") (TSX VENTURE:QXP) is pleased to announce that it has entered into an arms-length agreement (the "Letter of Intent" or "LOI") with an Alberta-based private company for the acquisition of the Company's well database for $800,000 and a GORR of 1.5% on targets developed utilizing the database within the Western Canadian Sedimentary Basin. Quattro intends to fund the Acquisition [Read more]