CALGARY, July 29, 2014 /CNW/ - Marquee Energy Ltd. ("Marquee" or the "Company") (TSXV: "MQL") (OTCQX: MQLXF) is pleased to announce an operations update and the renewal of its credit facility. Marquee has entered into a syndicated credit facility agreement with two Canadian Chartered banks that provides a total credit availability of $95 million, comprised of a revolving and operating facility of up to $80 million, plus an acquisition facility of up to $15 million. The Company's net debt at [Read more]
News
Tuscany Energy Ltd. Confirms Sales Volumes for Q2 2014 and a Five Well Heavy Oil Drilling Program
CALGARY, ALBERTA--(Marketwired - July 29, 2014) - Tuscany Energy Ltd. ("Tuscany") (TSX VENTURE:TUS) is pleased to report that the Company's average sales volumes for the second quarter of 2014 were approximately 750 BOED. Having closed its recent $3.0 million financing, the Company has commenced drilling operations on a heavy oil drilling program consisting of five wells in west-central Saskatchewan. Tuscany is the operator of all of these wells. Drilling has commenced on the first of [Read more]
Spyglass Resources Corp. Announces Management Appointment
CALGARY, ALBERTA--(Marketwired - July 29, 2014) - Spyglass Resources Corp. ("Spyglass", or the "Company") (TSX:SGL)(OTCQX:SGLRF) announces that effective July 31, 2014, Bob Guy, Vice President of Production and Operations will be leaving the organization. The Company is pleased to announce that Brad Likuski has been promoted to Vice President, Production. Mr. Likuski is a professional engineer with 24 years of experience operating oil and natural gas properties across the Western Canadian [Read more]
Talisman Energy Second Quarter Results
CALGARY, ALBERTA--(Marketwired - July 29, 2014) - Talisman Energy Inc. (TSX:TLM) (NYSE:TLM) reported its operating and unaudited financial results for the second quarter of 2014. All values are in US$ unless otherwise stated. "During the past two years we have focused our efforts and capital on a strong portfolio of long life assets in our Americas and Asia-Pacific core regions," said Hal Kvisle, President and CEO. "We have invested to grow production and cash flow1 from our best assets, [Read more]
Alberta First Nation says it has signed oil and gas deal with Chinese firm
CALGARY - A First Nation says it has signed a deal with a Chinese company to explore and develop oil and natural gas on its land near Calgary. The Nakoda Stoney Nation says it has signed an agreement with Hong Kong-based Huatong Petrochemical Holdings Ltd. Under the terms of the deal, Huatong is to provide the funding and Nakoda Oil & Gas Inc. is to be the primary operator of the joint venture. The Stoney reserve at Morley is about 60 km west of Calgary. The First Nation says the [Read more]
Inuit want review of approval for offshore Baffin seismic testing
A tiny community on Canada's Arctic coast is trying to overturn a regulatory decision that OKs offshore energy exploration.The hamlet of Clyde River along the east coast of Baffin Island has asked for a judicial review of a National Energy Board decision that approves seismic testing in nearby waters.The community fears the testing will affect marine mammals people depend on to live.Its concerns are widely shared among Inuit on Baffin Island, as well as by Nunavut wildlife management boards and [Read more]
Petro One Announces Drilling Joint Venture
VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 28, 2014) - Petro One Energy Corp. (TSX VENTURE:POP)(PINKSHEETS:CUDBF)(FRANKFURT:C6K1) has entered into a Program Earning and Joint Venture Agreement (the "Agreement") with Korea Myanmar Development Corporation ("KMDC") which provides for a $4,000,000 private placement financing ("PP#1") and a $14,000,000 funding (the "Phase 1 Funding") to drill up to 11 oil wells on certain of the Company's oil and natural gas leases in Saskatchewan and Manitoba [Read more]
Jupiter Resources Inc. Announces Proposed Private Offering of US$1.125 Billion Senior Notes Due 2022 and New Reserve-Based Revolving Credit Facility
CALGARY, Alberta--(BUSINESS WIRE)--Jupiter Resources Inc. (“Jupiter”) announced today that it intends, subject to market and other conditions, to offer US$1,125,000,000 aggregate principal amount of its Senior Notes due 2022 (the “Notes”) to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and to certain non-U.S. persons in accordance with Regulation S under the Securities Act. Jupiter expects to use the net proceeds from [Read more]
CaiTerra International Energy Corporation Announces Purchase of Undeveloped Oil and Gas Leases in Alberta
VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 28, 2014) - CaiTerra International Energy Corporation (TSX VENTURE:CTI) ("Caiterra" or the "Company"), announces that, subject to regulatory approvals, the Company has entered into an agreement on July 25, 2014 to acquire an undivided 100% beneficial interest in and to a total of 135.68 square kilometers of oil and gas leases located in northern and central Alberta. The agreement was reached between the Company and BowRiver Development Canada Ltd. [Read more]
Zargon Oil & Gas Ltd. Discusses Alberta Energy’s Enhanced Oil Recovery Royalty Changes and Provides a Little Bow ASP Flood Project Update
CALGARY, ALBERTA--(Marketwired - July 28, 2014) - Zargon Oil & Gas Ltd. (TSX:ZAR)(TSX:ZAR.DB) ("Zargon") reports that the revisions to the Enhanced Oil Recovery ("EOR") royalty program announced last week by Alberta Energy will have a positive impact on the economics of Zargon's Alkaline Surfactant Polymer ("ASP") enhanced oil recovery project at Little Bow in Southern Alberta. Zargon is currently reviewing the details of Alberta's modified EOR Crown royalty program (see announcement at [Read more]