VICTORIA - A Vancouver-based company and a Port Alberni-area First Nation have signed a agreement to build a liquefied natural gas export facility on Vancouver Island. Steelhead LNG Corp., and the Huu-ay aht (who-AYE'-at) have announced plans to develop an LNG plant on land owned by the First Nation on the southern end of Alberni Inlet near Port Alberni. Steelhead LNG Corp., says in a statement the project could represent an investment of about $30 billion. Steelhead says it is working [Read more]
News
Crocotta Energy Inc. Announces Successful Completion of Approximately $45.0 Million Subscription Receipt Offering of the Newly Formed Pure-Play Montney ExploreCo
CALGARY, ALBERTA--(Marketwired - July 8, 2014) - Crocotta Energy Inc. (TSX:CTA) ("Crocotta" or the "Company") is pleased to announce the completion of the previously announced bought deal private placement (the "Offering") of subscription receipts (the "Subscription Receipts") of 1828073 Alberta Ltd. ("ExploreCo") at a price of $1.70 per Subscription Receipt for aggregate gross proceeds of approximately $45.0 million. National Bank Financial Inc. ("National Bank"), as lead underwriter, [Read more]
Canadian Spirit Resources Inc. Announces Appointment of President & CEO
CALGARY, ALBERTA--(Marketwired - July 8, 2014) - Canadian Spirit Resources Inc. ("CSRI" or the "Corporation") (TSX VENTURE:SPI)(OTCBB:CSPUF) is pleased to announce the appointment of J.R. Richard Couillard as President and Chief Operating Officer of the Corporation effective immediately. On September 1, 2014, Mr. Couillard will assume the position of Chief Executive Officer ("CEO") of the Corporation. As of September 1, 2014 Alfred B. Sorensen, current CEO, will step down to pursue other [Read more]
Spartan Energy Corp. Announces Completion of Strategic Light Oil Acquisition, Additional Southeast Saskatchewan Asset Acquisition and Graduation to Toronto Stock Exchange
CALGARY, ALBERTA--(Marketwired - July 7, 2014) - Spartan Energy Corp. ("Spartan" or the "Company") (TSX VENTURE:SPE) is pleased to announce the completion of its previously announced strategic southeast Saskatchewan light oil acquisition, an additional asset acquisition in the Midale play in southeast Saskatchewan and the listing of its common shares on the Toronto Stock Exchange ("TSX"). Completion of Previously Announced Strategic Asset Acquisition Spartan has completed the previously [Read more]
Painted Pony Announces Strategic Disposition of Saskatchewan Assets for $100 Million and Maintains 2014 Production Estimate
CALGARY, ALBERTA--(Marketwired - July 7, 2014) - Painted Pony Petroleum Ltd. ("Painted Pony" or the "Company") (TSX:PPY) is pleased to announce that it has entered into a definitive purchase and sale agreement (the "Transaction") to sell all of the Company's exploration and production assets in Saskatchewan (the "Assets"). The Assets and Transaction include: fully-funded cash purchase price of $100 million, before customary closing adjustments, with an effective date of June 1, 2014 and an [Read more]
PanTerra Resource Corp. Announces Details of Rights Offering
CALGARY, July 7, 2014 /CNW/ - PanTerra Resource Corp. ("PanTerra" or the "Corporation") is pleased to announce that it has set July 18, 2014 (the "Record Date") as the record date for the previously announced rights offering (the "Rights Offering") to the holders of common shares of PanTerra ("Common Shares"). Pursuant to the Rights Offering, each holder of Common Shares on the Record Date will receive one transferable right (a "Right") for every Common Shares held. Every eight Rights will [Read more]
Cequence Energy Announces Closing of Strategic Disposition and Revised Guidance
CALGARY, July 7, 2014 /CNW/ - Cequence Energy Ltd. ("Cequence" or the "Company") (TSX: CQE) is pleased to announce that it has completed the previously announced disposition (the "Transaction") of its entire interest in its non-operated assets located in the Ansell area (the "Ansell Assets") for total consideration of approximately $141 million, prior to customary closing adjustments. The Ansell Assets consist of 18,800 net acres of land, 1,600 boepd of current production and a 49% working [Read more]
Libya expects to increase oil exports; crude slips below US$104 a barrel
The price of oil slipped below US$104 a barrel Monday on expectations that Libya will soon boost its exports of crude.Benchmark West Texas Intermediate crude for August delivery fell 53 cents to close at US$103.53 a barrel on the New York Mercantile Exchange. Brent crude, a benchmark for international oils used by many U.S. refineries, fell 40 cents to close at US$110.24 in London.An agreement in Libya between the central government and a regional militia is expected to lead to the reopening of [Read more]
New Star Energy Enters Strategic Alternatives
Calgary-based junior producer New Star Energy has announced through Macquarie Tristone that it has entered strategic alternatives. The company, producing between 4,000 - 5,000 boe/d, holds nearly 80,000 acres of land west of Edmonton. The company reports 2p reserves of approximately 20 MMboe (60% liquids). Read the full release below from Macquarie Tristone's website: New Star Energy Ltd. ("New Star") has undertaken a process to identify strategic alternatives and has retained Macquarie [Read more]
Alimentation Couche-Tard earns US$145.1 million in fourth quarter
LAVAL, Que. - Alimentation Couche-Tard (TSX:ATD.B) earned US$145.1 million or 25 cents per diluted share during its fourth quarter, down from $146.4 million or 26 cents per dilute share a year ago. Revenue totalled $8.95 billion, up from $8.78 billion. Adjusted for one-time items, the Quebec-based convenience store operator earned 22 cents per diluted share, up from 20 cents a year ago, but three cents below analyst expectations. [Read more]