CALGARY, Aug. 1, 2014 /CNW/ - Hawk Exploration Ltd. ("Hawk" or the "Corporation") announces that it has entered into a purchase and sale agreement with TriHawk Energy Ltd. ("TriHawk") and certain other parties pursuant to which the Corporation has agreed to acquire certain petroleum and natural gas assets ("Assets") in the plains region of Alberta and Saskatchewan in consideration of a grant to TriHawk of a gross over-riding royalty (the "GORR") over the acquired assets (the "Acquisition"). Hawk [Read more]
News
Chevron seeking new partner for Kitimat LNG following Apache’s exit
CALGARY - Chevron Corp. said Friday it needs a new partner for a West Coast natural gas export project, but it will press ahead with early-stage development work on it in the meantime.A day earlier, Apache Corp. announced it would "completely exit" the 50-50 partnership, which includes natural gas resources in northeastern B.C., a pipeline to the West Coast and a facility near Kitimat, B.C., to chill the gas into a liquid state so it can be shipped overseas."We need to get our partnership [Read more]
Canada Energy Partners Closes Montney Sale
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 1, 2014) - Canada Energy Partners Inc. (the "Company") (TSX VENTURE:CE) is pleased to announce that it has closed the sale of the Company's Montney rights for $15,720,000. CIBC World Markets Inc. acted as financial advisor to the Company with respect to the transaction. The Company will issue a press release in the near future regarding the distribution to shareholders with details of the timing, the effective date, and final distribution [Read more]
Panterra announces closing of previously announced acquisition of Strategic Oil & Gas assets and new credit facility
CALGARY, July 31, 2014 /CNW/ - PanTerra Resource Corp. ("PanTerra" or the "Corporation") (TSX VENTURE: PRC) is pleased to announce that it has closed its previously announced acquisition of certain natural gas assets located in the Western Canadian foothills areas of Lynx/Palliser/Minnow and Findley/Copton/Ojay in Alberta and British Columbia, effective April 1, 2014, for total consideration of $120.0 million, subject to adjustments (the "Acquisition"). The Acquisition adds approximately 5,900 [Read more]
Shoreline Energy Corp. Announces Asset Sale for Total Proceeds of $20.8 Million
CALGARY, ALBERTA--(Marketwired - July 31, 2014) - Shoreline Energy Corp. (TSX:SEQ) ("Shoreline" or the "Corporation") is pleased to announce that it has entered into a purchase and sale agreement (the "Agreement") to sell its interests in certain petroleum and natural gas properties (excluding royalty interests), wells and infrastructure located within the Valhalla and Progress Property boundaries in the Greater Peace River Arch area and associated Valhalla and Progress petroleum and natural gas [Read more]
Gibson Energy and USD Group Announce Commencement of Successful Operations at Hardisty Rail Terminal and Open Season on Phase 2
CALGARY, ALBERTA and HOUSTON, TEXAS--(Marketwired - July 31, 2014) - Gibson Energy Inc. ("Gibson") (TSX:GEI) and USD Group LLC ("USDG", together with Gibson, the "Companies") announced today they have commenced successful operations at the Hardisty Rail Terminal and their intention to begin soliciting customer commitments for the second phase of development of the terminal located near Hardisty, Alberta ("Phase 2"). The Companies expect that Phase 2 will double the crude oil loading capacity at [Read more]
Canadian Oil Sands Announces Second Quarter Results and a $0.35 Per Share Dividend
CALGARY, ALBERTA--(Marketwired - July 31, 2014) - Canadian Oil Sands Limited (TSX:COS)(OTCQX:COSWF) - All financial figures are unaudited and in Canadian dollars unless otherwise noted. "This was a challenging quarter given overlapping outages on two of our three cokers; however, we are pleased that Syncrude executed the maintenance work safely and efficiently, with the final unit returning to service by early July," said Ryan Kubik, President and Chief Executive Officer. "Syncrude is now [Read more]
Bonavista Energy Corporation Announces 2014 Second Quarter Results
CALGARY, ALBERTA--(Marketwired - July 31, 2014) - Bonavista Energy Corporation ("Bonavista") (TSX:BNP) is pleased to report to shareholders its condensed consolidated interim financial and operating results for the three and six months ended June 30, 2014. The unaudited financial statements and notes, as well as management's discussion and analysis, are available on the System for Electronic Document Analysis and Retrieval ("SEDAR") at www.sedar.com and on Bonavista's website at [Read more]
Shoreline Energy Corp. Announces the Closing of Sale of Certain Royalty Interests
CALGARY, ALBERTA--(Marketwired - July 31, 2014) - NOT FOR DISTRIBUTION IN THE UNITED STATES Shoreline Energy Corp. (TSX:SEQ) ("Shoreline" or the "Corporation") is pleased to announce that it has closed the sale of its royalty interests in its Canadian land base to PrairieSky Royalty Ltd. for total gross proceeds of $9 million, as described in the Corporation's press release of July 25, 2014. The net proceeds of the sale were used to reduce total corporate indebtedness, [Read more]
Border Announces Asset Purchase, Officer Appointment and Proposed Private Placement
CALGARY, ALBERTA--(Marketwired - July 31, 2014) - Border Petroleum Limited (TSX VENTURE:BOR) ("Border" or the "Corporation") is pleased to announce the entering into of an asset purchase agreement, the appointment of a Vice President, Production, a proposed private placement and the grant of options, all as further detailed below. The Acquisition Border has entered into a purchase and sale agreement dated July 31, 2014 ("PSA") with a private, arm's length Calgary based junior oil and gas [Read more]