CALGARY, ALBERTA--(Marketwired - Dec. 18, 2014) - Spyglass Resources Corp. ("Spyglass", or the "Company") (TSX:SGL)(OTCQX:SGLRF) announces closing of the previously announced disposition of a non-operated 50 percent working interest in the Dixonville Montney "C" oil pool for $100 million. Proceeds from the sale have been used to reduce bank debt. Spyglass Resources Corp. is an intermediate oil and natural gas company, headquartered in Calgary, Alberta and currently operates oil and gas [Read more]
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Relentless Resources Announces Completion of Second Tranche of Private Placement
CALGARY, ALBERTA--(Marketwired - Dec. 18, 2014) - Relentless Resources Ltd. ("Relentless" or the "Company") (TSX VENTURE:RRL) is pleased to announce that it has completed a second tranche of its previously announced non-brokered private placement. Relentless issued 1,852,000 common shares of the Company issued on a "flow-through" basis pursuant to the Income Tax Act (Canada) ("Flow-Through Shares") at a price of $0.27 per Flow-Through Share for aggregate gross proceeds of approximately $0.5 [Read more]
Eagle Energy Trust Announces Completion of Acquisition of Producing Petroleum Properties in North Central Alberta
CALGARY, ALBERTA--(Marketwired - Dec. 18, 2014) - Eagle Energy Trust ("Eagle") (TSX:EGL.UN) is pleased to announce that its subsidiary has completed the previously announced acquisition of a 50% non-operated working interest in producing petroleum properties in the Dixonville Montney "C" oil pool in north central Alberta for a purchase price of $100 million (the "Dixonville Acquisition"). The Dixonville Acquisition was funded with $55 million of Eagle's available cash and the balance from [Read more]
Stonehaven Announces Private Placement of $3.4 Million of Flow-Through Shares
CALGARY, ALBERTA--(Marketwired - Dec. 18, 2014) - Stonehaven Exploration Ltd. ("Stonehaven" or the "Company") (TSX VENTURE:SE) reports that the Company is undertaking a private placement offering (the "Offering") of 2,267,000 common shares of the Company to be issued on a "flow-through" basis (the "Flow-Through Shares") at a price of $1.50 per Flow-Through Share, resulting in gross proceeds of $3,400,500. The gross proceeds of the Flow-Through Shares will be used by the Company to incur [Read more]
Northern Spirit Resources Inc. Announces Private Placement of Flow-Through Common Shares and Normal Course Issuer Bid for Its Common Shares
CALGARY, ALBERTA--(Marketwired - Dec. 18, 2014) - Northern Spirit Resources Inc. ("Northern Spirit" or the "Corporation") (TSX VENTURE:NS) is pleased to announce that it has commenced a non-brokered private placement to raise gross proceeds of up to $1 million (the "Private Placement"). Pursuant to the Private Placement, the Corporation will issue up to 10,000,000 common shares of the Corporation to be issued on a "flow-through" basis pursuant to the Income Tax Act (Canada) ("Flow-Through [Read more]
New Brunswick government introducing moratorium on hydraulic fracturing
FREDERICTON - Five conditions must be met before New Brunswick will lift a moratorium on hydraulic fracturing, Premier Brian Gallant said Thursday in a move that has frustrated the energy sector but pleased environmentalists.The provincial government introduced legislation that would prohibit fracking throughout the province until concerns about health, the environment and First Nations input are addressed.Gallant placed conditions on the legislation including a process to consult with First [Read more]
Twin Butte announces revised 2015 capital plan and dividend reduction
CALGARY, Dec. 18, 2014 /CNW/ - Twin Butte Energy Ltd. ("Twin Butte") (TSX: TBE) The industry has seen a significant drop in oil pricing over the last 7 weeks, which even with Twin Butte's strong hedge position could negatively impact the Company's cash flow for 2015. To ensure the viability of the Company's business plan and to position for potential business opportunities a market downturn may bring, a reduction in both the 2015 capital plan and the dividend is being implemented. The [Read more]
Spyglass Resources Corp. Announces Approval of a Normal Course Issuer Bid by the Toronto Stock Exchange
CALGARY, ALBERTA--(Marketwired - Dec. 18, 2014) - Spyglass Resources Corp. ("Spyglass", or the "Company") (TSX:SGL)(OTCQX:SGLRF) announced today that the Toronto Stock Exchange (the "TSX") has approved the Company's notice of intention to make a normal course issuer bid (the "Bid"). Under the terms of the Bid, Spyglass may acquire up to 12,460,689 of its common shares ("Common Shares") from time to time in accordance with the normal course issuer bid procedures of the TSX, representing [Read more]
TransCanada CEO says industry has lived through worse than latest crude downturn
CALGARY - The CEO of TransCanada Corp. (TSX:TRP) says he doesn't see the oil industry's appetite for new pipelines faltering even though crude prices have skidded to the lowest point in more than five-years.In an interview in his downtown Calgary office, Russ Girling said he's seen ups and downs far more drastic over his career and expects the oilpatch will come out of the latest downturn in reasonably good shape."There's a tremendous need to build irrespective of the price of the commodity [Read more]
Hawk Announces Operational Update, First Half 2015 Budget and Updated Corporate Presentation
CALGARY, Dec. 17, 2014 /CNW/ - Hawk Exploration Ltd. ("Hawk" or the "Corporation") is pleased to announce an operational update and provide guidance on the Corporation's 2015 capital budget. Operational Update Hawk drilled three (3.0 net) oil wells in western Saskatchewan in the fourth quarter of 2014 all of which are now currently on production. At Rush Lake, the Corporation drilled one (1.0 net) slant well in the fourth quarter of 2014 which encountered oil pay in the Waseca and Sparky/GP [Read more]