CALGARY, ALBERTA--(Marketwired - June 12, 2014) - Long Run Exploration Ltd. ("Long Run" or the "Company") (TSX:LRE) is pleased to announce that it has entered into an agreement (the "Arrangement Agreement") with Crocotta Energy Inc. ("Crocotta") (TSX:CTA) providing for the acquisition by Long Run of all of the issued and outstanding common shares of Crocotta (the "Crocotta Shares") (the "Transaction") pursuant to a plan of arrangement (the "Arrangement") under the Business Corporations Act [Read more]
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Crocotta Energy Inc. Announces Strategic Transaction With Long Run Exploration and Creation of A New Pure-Play Montney Company
CALGARY, ALBERTA--(Marketwired - June 12, 2014) - Crocotta Energy Inc. (TSX:CTA) ("Crocotta" or the "Company") is pleased to announce that it has entered into an arrangement agreement (the "Agreement") whereby Long Run Exploration Ltd. ("Long Run" or "LRE") will acquire all of the issued and outstanding common shares of Crocotta in a transaction valued at approximately $357 million (the "Arrangement") including debt and transaction costs assumed by Long Run. Under the terms of the Arrangement [Read more]
Business leaders, former politicians sign-on to support Northern Gateway
VANCOUVER - Former Newfoundland premier Brian Tobin has some advice for British Columbia on the cusp of a final federal decision on the Northern Gateway pipeline: why not try? Tobin is one of more than three dozen business leaders, along with current and former politicians featured in a full-page newspaper ad that ran nationwide Thursday, extolling support for the project. "These projects are possible. They're not easy," said Tobin, who was at the helm of the easternmost province when [Read more]
New Democrats release draft of Alberta’s plan to reform energy rules
EDMONTON - The Alberta New Democrats have released what they say is a blueprint for how the governing Tories plan to reform energy industry regulations.The draft paper proposes tailoring environmental requirements to specific risks in different areas.The document says managing development should rely less on government-set targets and more on groups working together to establish what's appropriate.The draft suggests that's a better way to take into account the cumulative effects of many [Read more]
Study: Foreign investment rules hurting oilsands, especially small players
CALGARY - A new study says rules imposed on foreign state-owned investment in the oilsands is having some unintended consequences. A report by the University of Calgary's School of Public Policy says the share prices of oilsands firms have suffered since the rules were announced in late 2012. The biggest impact has been on junior oilsands companies, whose stocks dropped by as much as 50 per cent during the first half of 2013. Small oilsands companies rely on outside investment to grow [Read more]
Strata Oil Commences Seismic Study To Assess Primary Heavy Oil Production Potential
For the past year we've been looking at the potential of our 100%-owned Cadotte Project to support a cold heavy oil production component, as we reported last June. This was a result of some new findings in our Resource Evaluation of the western portion of our project, which boosted our resource by 3.4 billion barrels in-place, of which 887 are estimated to be recoverable using existing technology. Due to its relatively low cost and favorable economics, cold production in the Peace River area [Read more]
PanTerra Announces Increase to Bought-Deal Financing from $100 Million to $130 Million
CALGARY, ALBERTA--(Marketwired - June 12, 2014) - PanTerra Resource Corp. ("PanTerra" or the "Corporation") (TSX VENTURE:PRC) is pleased to announce that it has increased its previously announced bought deal financing with a syndicate of underwriters (collectively, the "Underwriters") co-led by Desjardins Capital Markets and TD Securities Inc. (together, the "Co-Lead Underwriters") and including Raymond James Ltd., Beacon Securities Limited, Haywood Securities Inc., CIBC World Markets Inc., and [Read more]
Panterra Enters Into Agreement to Acquire Strategic Oil & Gas Assets and Announces $100 Million Bought Deal Financing
CALGARY, ALBERTA--(Marketwired - June 12, 2014) - PanTerra Resource Corp. ("PanTerra" or the "Corporation") (TSX VENTURE:PRC) is pleased to announce that it has entered into an arm's length purchase and sale agreement dated June 11, 2014 (the "Purchase and Sale Agreement") with a public Canadian oil and gas company to acquire (the "Acquisition") certain natural gas assets located in the Western Canadian foothills areas of Lynx/Palliser/Minnow and Findley/Copton/Ojay in Alberta and British [Read more]
OPEC shielded from making tough calls as oil price stays high, US production meets demand
NEW YORK - The world oil market has set up quite nicely for OPEC.Dramatic changes in oil production around the globe are balancing each other out instead of wreaking havoc. This has helped world oil prices stay high enough to provide OPEC countries with robust income, but not so high that they scare customers away from buying more of their precious product.Brent crude, the most important international oil benchmark, has hovered in the range of $110 per barrel over much of the last 4 years, with [Read more]
Questerre Appoints Earl Hickok to Board and Reports Voting Results of Election of Directors
CALGARY, ALBERTA--(Marketwired - June 12, 2014) - Questerre Energy Corporation ("Questerre" or the "Company") (TSX:QEC)(OSLO:QEC) announced that, at its annual and special meeting of shareholders held on June 11, 2014 (the "Meeting"), Earl Hickok joined the Board of Questerre. Peder Paus, Chairman of Questerre, commented, "We are very pleased to have Earl join our Board. His extensive engineering background will be important as we accelerate the development of our Montney acreage in the [Read more]