CALGARY, Alberta and HONG KONG, Aug. 18, 2014 /CNW/ -- Sunshine Oilsands Ltd. (the "Corporation" or "Sunshine") (HKEX: 2012, TSX: SUO) is pleased to announce that it has formally terminated the strategic alternatives review process that was initiated in August of 2013. With the securing of financing to recommence construction of the first 5,000 barrels of oil per day phase of the West Ells project, Sunshine's immediate priority is to complete construction, commissioning and startup of steam [Read more]
News
Feds worried about another ‘Idle No More’ after N.B. fracking protest: documents
MONTREAL - Federal officials closely tracked the fallout of an RCMP raid on a First Nations protest against shale-gas exploration in New Brunswick, at one point raising concerns it could spawn another countrywide movement like Idle No More.Documents obtained under access-to-information legislation reveal a lengthy email chain last fall monitoring events related to a blockade near Rexton, N.B., about 70 kilometres north of Moncton.Members of the Elsipogtog First Nation, who were concerned about [Read more]
Dejour Closes US$1.5 Million Equity Offering
Funds Dedicated to New 2014 Woodrush Drilling VANCOUVER, British Columbia--(BUSINESS WIRE)--Dejour Energy Inc. (NYSE MKT:DEJ / TSX:DEJ), (“Dejour” or the “Company”), an independent oil and gas exploration and production company operating in North America’s Piceance Basin and Peace River Arch regions, today announced that it has closed the equity financing offering previously announced on August 11, 2014, receiving net proceeds of US$1.5 million from three institutional investors to [Read more]
Saturn Minerals Inc. Announces Private Placement For Saskatchewan Oil & Gas Exploration Project
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 15, 2014) - Saturn Minerals Inc. (TSX VENTURE:SMI)(FRANKFURT:SMK) ("Saturn" or the "Company") is pleased to announce that it has entered into an exclusive agreement with EMD Financial Inc. (the "Agent") in connection with a brokered Private Placement of up to 10,000,000 flow-through units (the "FT Units") at a price of $0.20 per FT Unit. Each FT Unit consists of one flow-through common share (the "FT Shares") and one-half of a non flow-through [Read more]
Seven Generations Energy Ltd. Announces Two New Board Appointments
CALGARY, Aug. 15, 2014 /CNW/ - On behalf of the management team and Board of Directors of Seven Generations Energy Ltd. (the "Company" or "7G"), Mr. Pat Carlson, Chief Executive Officer, is pleased to announce that Mr. W.J. (Bill) McAdam and Mr. Dale Hohm have agreed to join its Board of Directors. Prior to his retirement in 2013, Bill was President and CEO of Aux Sable Canada LP and Aux Sable Liquid Products LP ("Aux Sable") in Canada and the USA. Aux Sable is a midstream gas processing company [Read more]
Cardinal Energy Ltd. Announces Closing of Equity Financing
CALGARY, ALBERTA--(Marketwired - Aug. 15, 2014) - Cardinal Energy Ltd. ("Cardinal") (TSX:CJ) is pleased to announce that it has closed its previously announced public offering of 8,800,000 common shares through a syndicate of underwriters co-led by CIBC World Markets Inc. and RBC Dominion Securities Inc. and including Macquarie Capital Markets Canada Ltd., FirstEnergy Capital Corp., GMP Securities L.P. and National Bank Financial Inc. (collectively, the "Underwriters") at a price of $18.50 per [Read more]
Hyperion Exploration Corp. Announces Second Quarter Results and Operations Update
CALGARY, ALBERTA--(Marketwired - Aug. 15, 2014) - Hyperion Exploration Corp. ("Hyperion" or the "Company") (TSX VENTURE:HYX) announces it has filed on SEDAR its unaudited condensed interim financial statements and related Management's Discussion and Analysis ("MD&A) for the three and six months ended June 30, 2014. The financial statements and MD&A will be available for review at www.sedar.com or www.hyperionexploration.com. Financial and Operational Highlights 18% increase in [Read more]
Blackbird Energy Inc. Announces First High Impact Well at Elmworth and Planned Disposition of Bigstone Asset
CALGARY, ALBERTA--(Marketwired - Aug. 15, 2014) - Blackbird Energy Inc. ("Blackbird" or the "Company") (TSX VENTURE:BBI) is very pleased to announce its first horizontal well targeting the Upper Montney at the Company's Elmworth Project. Subject to license approval, the well is to be spud in Q4 2014 at location 10-26-70-07W6, and will be drilled to a depth of approximately 2,300 meters with a horizontal reach of approximately 2,700 meters. The Elmworth Project is 100% owned by Blackbird and has [Read more]
Paramount Announces First Sales from Musreau Deep Cut Facility
CALGARY, ALBERTA--(Marketwired - Aug. 14, 2014) - Paramount Resources Ltd. ("Paramount" or the "Company") (TSX:POU) is pleased to announce that the Company has delivered first sales gas from its Musreau Deep Cut Facility. The achievement of this milestone enables Paramount to begin the ramp-up of production from its behind-pipe wells in the Musreau area. ABOUT PARAMOUNT Paramount is an independent, publicly traded, Canadian corporation that explores for and develops conventional petroleum [Read more]
Strategic Oil & Gas Ltd. Announces Second Quarter 2014 Financial and Operating Results and Updated Reserves Report
CALGARY, ALBERTA--(Marketwired - Aug. 14, 2014) - Strategic Oil & Gas Ltd. ("Strategic" or the "Company") (TSX VENTURE:SOG) reports an updated independent reserves report dated July 1, 2014, showing significant growth in reserves volumes and value in the Company's Marlowe area, as well as financial and operating results for the three and six months ended June 30, 2014. Detailed results are presented in Strategic's interim condensed consolidated financial statements and related Management's [Read more]