CALGARY, ALBERTA--(Marketwired - July 2, 2014) - Kelt Exploration Ltd. ("Kelt" or the "Company") (TSX:KEL) is pleased to announce the successful completion of its previously announced acquisition of a private Canadian oil and gas company ("PrivateCo") with crude oil and natural gas assets located at Valhalla/La Glace, adjacent to the Company's core producing areas at Pouce Coupe and Spirit River in west central Alberta (the "Acquisition"), all as previously disclosed in the news release of Kelt [Read more]
News
Majority favour ban or moratorium on fracking in Nova Scotia: discussion paper
HALIFAX - The majority of people who offered opinions for a report on hydraulic fracturing in Nova Scotia say they want the province to ban or maintain a moratorium on the disputed industry.There were 238 individual submissions to an 'expert panel' that's looking at the environmental impact of hydraulic fracturing, or fracking, in Nova Scotia.Of those, 92 per cent said they supported a moratorium or ban, while 0.5 per cent were against such prohibitions.The discussion paper will form the basis [Read more]
Opposition to pipelines an attack on Canada’s social programs
Few Canadians understand the detrimental impact blocking oil exports will have on them personally VICTORIA, BC/ Troy Media/ - Every day in Canada some 100,000 kilometres of pipelines carry three million barrels of oil to domestic and export markets. Yet in the midst of publicity campaigns by proponents and opponents, most Canadians lack a broader perspective from which to measure the risk/reward balance of this crucial oil export conduit. And even though controversy over the safety of [Read more]
Oil rises on US, China factory strength
The price of oil edged up Wednesday on stronger manufacturing activity in the United States and China, the two biggest oil consumers. Benchmark U.S. crude for August delivery was up 8 cents to $105.42 per barrel at 0800 GMT in electronic trading on the New York Mercantile Exchange, breaking four days of declines. The contract closed at a 10-month high of $107.26 on June 20. Brent crude, a benchmark for international oils, fell 13 cents to $112.16 per barrel in London. Manufacturing [Read more]
Contact Announces Conversion of Preferred Shares
CALGARY, ALBERTA--(Marketwired - July 2, 2014) - Contact Exploration Inc. ("Contact" or the "Company") (TSX VENTURE:CEX) announces that the holder of the $1 million stated value, convertible, redeemable, 8% preferred shares ("Preferred Shares") of the Company has elected to convert all such Preferred Shares, pursuant to the terms thereof, into common shares of the Company ("Common Shares"). Pursuant to the terms of the Preferred Shares, 5,000,000 Common Shares have been issued on the conversion, [Read more]
Junex to Drill the First Horizontal Well in Eastern Quebec
QUEBEC CITY, QUEBEC--(Marketwired - July 2, 2014) - Junex Inc. (TSX VENTURE:JNX) ("Junex" or the "Company") is pleased to announce that it has received a drilling permit from the Quebec government for the drilling of Junex's first horizontal well on its Galt Oil Property, that is situated in a sparsely populated region approximately 20 kilometers from the town of Gaspé in eastern Quebec. The Junex Galt No. 4 Horizontal well, the first of a series of horizontal wells planned for the next phase [Read more]
Twin Butte Energy announces private placement
CALGARY, July 2, 2014 /CNW/ - Twin Butte Energy Ltd. (TSX: TBE) ("Twin Butte") is pleased to announce that it intends to sell by way of private placement up to 1,817,500 common shares at a price of $1.80 per common share (representing the VWAP of the common shares on the TSX for the five trading days ended June 30, 2014) to officers, directors and employees of Twin Butte for total gross proceeds of up to $3.3 million (the "Offering"). Twin Butte will use the proceeds of the Offering for [Read more]
Shoreline Energy Corp. Announces Strategic Process Update
CALGARY, ALBERTA--(Marketwired - June 30, 2014) -Shoreline Energy Corp. ("Shoreline" or the "Company") (TSX:SEQ) announces that it will not make the interest payment on its unsecured convertible debenture scheduled for June 30, 2014 (the "June 2014 Debenture Interest Payment"). The Company intends to make the June 2014 Debenture Interest Payment, plus accrued interest thereon, following resolution of the Company's secured debt obligations, pursuant to the forbearance agreements entered into with [Read more]
Devon Energy selling some US oil and gas properties to Linn Energy for $2.3 billion
OKLAHOMA CITY - Oil and gas exploration company Devon Energy Corp. is selling some U.S. oil and gas properties to Linn Energy LLC for $2.3 billion. The properties include those in the Rockies, onshore Gulf Coast and Mid-Continent region, Devon said on Monday. The sale is part of a transformation plan the company announced late last year in which it was looking to sell non-core assets. The properties being sold to Linn Energy produced 275 million cubic feet of natural gas equivalent per day, [Read more]
Quattro Announces $50 Million Capital Budget and $3 Million Increase in Term Facility
CALGARY, ALBERTA--(Marketwired - June 30, 2014) - Quattro Exploration and Production Ltd. ("Quattro" or the "Company") (TSX VENTURE:QXP) is pleased to announce the approval of its $50 million capital budget, including a 3 year drilling program, which will commence in the 3rd Quarter of 2014 with Phase I being focused on its operated lands in Western Canada. "The approval of this budget by our Board of Directors is an endorsement of the Quattro team's work and technical understanding of the [Read more]