Former International Trade Minister joins project to refine Alberta bitumen for Asian markets VANCOUVER, Aug. 21, 2014 /CNW/ - Pacific Future Energy Corporation (Pacific Future Energy) is pleased to announce that former International Trade Minister, former Treasurer (Minister of Finance) and Acting Premier of Alberta, and former Leader of the Her Majesty's Official Opposition, the Honourable Stockwell Day, P.C., has joined its management team as a Senior Advisor, Director, and chair of the [Read more]
News
PanTerra Resource Corp. Announces Second Quarter Financial and Operating Results
TSX Venture Exchange: PRC CALGARY, Aug. 21, 2014 /CNW/ - PanTerra Resource Corp. ("PanTerra" or the "Corporation") has filed today on SEDAR its unaudited condensed interim financial statements and related management's discussion and analysis ("MD&A") for the three months ended June 30, 2014. The financial statements and MD&A will be available for review at www.sedar.com. Highlights Completed the recapitalization of the Corporation on May 22, 2014 including a $20 million ($19.8 [Read more]
Southern Pacific Concludes Strategic Review Process
CALGARY, ALBERTA--(Marketwired - Aug. 21, 2014) - Southern Pacific Resource Corp. ("Southern Pacific" or the "Company") (TSX:STP) has concluded its strategic review process. On December 11, 2013 Southern Pacific announced the initiation of a strategic review process ("SRP") aimed at identifying and considering all strategic and financial alternatives available to the Company. The SRP was initiated after realization that the original 12 well pairs drilled at the STP-McKay Thermal Project were [Read more]
Penn West Receives Waiver of Defaults from Noteholders
CALGARY, Aug. 21, 2014 /CNW/ - PENN WEST PETROLEUM LTD. (TSX – PWT; NYSE – PWE) ("PENN WEST", the "COMPANY", "we", "us" or "our") announces that, further to its August 12, 2014 announcement, it has now obtained waivers from the holders of its senior unsecured notes (the "Notes") of certain defaults under the Notes arising from matters relating to the decision to restate certain historical financial results and the delay in filing the Company's second quarter 2014 interim filings. Such defaults [Read more]
Whitecap Resources Inc. Announces Acquisition of a Controlling Interest in a Premier Sweet Light Oil Pool, $125 Million Financing, Increased Dividend by 12% and Increased 2014 Guidance
CALGARY, ALBERTA--(Marketwired - Aug. 20, 2014) - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX:WCP) is pleased to announce that we have successfully entered into agreements to acquire and consolidate a controlling interest in a premier conventional Nisku light sweet oil pool at Elnora, Alberta located just 50 miles east of our Garrington core area for total cash consideration of approximately $266.7 million (the "Acquisition"). The Acquisition adds 2,500 boe/d (90% oil and NGLs) of [Read more]
PanTerra enters into agreement to acquire additional assets in the Alberta foothills
CALGARY, Aug. 20, 2014 /CNW/ - PanTerra Resource Corp. ("PanTerra" or the "Corporation") (TSX VENTURE:PRC) is pleased to announce that it has entered into an arm's length purchase and sale agreement dated August 19, 2014 (the "Purchase and Sale Agreement") with a public Canadian oil and gas company to acquire (the "Acquisition") certain petroleum and natural gas assets located in several areas of the Western Canadian foothills, including the Brown Creek, Stolberg, Deanne, Burnt Timber, Moose, [Read more]
Contact Exploration’s Kakwa Development Continues With Successful Multi-well Pad Drilling
CALGARY, ALBERTA--(Marketwired - Aug. 20, 2014) - Contact Exploration Inc. ("Contact" or the "Company") (TSX VENTURE:CEX) is pleased to announce that the three Contact operated wells, at 2-18-63-5 W6M, 8-20-63-5 W6M and 9-20-63-5 W6M (collectively, the "New Wells"), drilled from the Company's first three-well pad, have each been successfully completed. Contact holds a 25% working interest in the New Wells. Each of the New Wells was drilled with lateral lengths exceeding 1,900 meters, being [Read more]
Donnycreek Provides Kakwa Operations Update
CALGARY, ALBERTA--(Marketwired - Aug. 20, 2014) - Donnycreek Energy Inc. ("Donnycreek" or the "Company") (TSX VENTURE:DCK) reports that all three 50% working interest wells 2-18-63-5 W6M, 8-20-63-5 W6M and 9-20-63-5 W6M (collectively "New Wells") from the Company's first three-well pad ("7-19 Pad") have been successfully completed and flow tested. Each of the New Wells from the 7-19 Pad were drilled with lateral lengths that extend approximately 1,900 metres which are all longer than wells [Read more]
Vermilion Energy Inc. Releases 2013 Sustainability Report
CALGARY, Aug. 20, 2014 /CNW/ - Vermilion Energy Inc. ("Vermilion", the "Company", "We" or "Our") (TSX, NYSE: VET) is pleased to announce the release of our first Sustainability Report detailing our efforts to generate environmental, social, and economic benefits for all stakeholders. This inaugural report provided a framework for describing how we approach sustainability in our operations, and to recognize our achievements, detail our challenges and establish targets for progress. "Embedding [Read more]
Kinder Morgan doesn’t need permission to study Burnaby Mountain route: NEB
VANCOUVER - The National Energy Board has sided with Kinder Morgan in a dispute with the City of Burnaby over access to Burnaby Mountain.The company can proceed with necessary studies of its preferred pipeline route through the mountain without the city's consent.In a decision released Tuesday, the National Energy Board confirmed that under federal legislation the company doesn't need permission to access the land that is home to Simon Fraser University and a vast nature preserve."It would not [Read more]