CALGARY, Dec. 2, 2014 /CNW/ - Keyera Corp. (TSX:KEY) ("Keyera") announced today that it has agreed with Bellatrix Exploration Ltd. ("Bellatrix") to participate in a new deep-cut gas plant as a 35% owner (the "Plant") and related pipelines (collectively the "Facilities") currently being constructed by Bellatrix in the Alder Flats area of west central Alberta. Bellatrix currently anticipates the total cost of the Facilities will be approximately $230 million and is expecting that the first phase [Read more]
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Chinook Energy Enters Into Two Asset Disposition Agreements and Announces Reaffirmation of Its Credit Facility
CALGARY, ALBERTA--(Marketwired - Dec. 2, 2014) - Chinook Energy Inc. (TSX:CKE) ("Chinook") is pleased to announce that it has entered into two agreements to sell certain of its assets located in the Gilby and Karr areas of Alberta (the "Divested Assets") for total aggregate consideration of approximately $72 million, subject to customary closing adjustments. The effective date for the Gilby asset disposition is July 1, 2014 and the effective date for the Karr asset disposition is October 1, [Read more]
Questerre Completes Sale of South Antler, Saskatchewan Property
CALGARY, ALBERTA--(Marketwired - Dec. 2, 2014) - Questerre Energy Corporation ("Questerre" or the "Company") (TSX:QEC)(OSLO:QEC) reported today that it has concluded a purchase and sale agreement to sell its South Antler property in southeast Saskatchewan for $7 million. Current production from the South Antler property is approximately 77 bbls/d of light oil. As at December 31, 2013, the Company's independent reserve engineers assigned proved and probable reserves of 257.8 Mbbls to this [Read more]
Husky Increases Size of Preferred Share Offering
CALGARY, ALBERTA--(Marketwired - Dec. 1, 2014) - NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Husky Energy (TSX:HSE) is increasing the size of its previously announced offering of Cumulative Rate Reset Preferred Shares, Series 3 (the "Series 3 Shares") to 10 million shares, due to positive investor response. The aggregate gross proceeds from the upsized offering will be $250 million. Closing of the offering is expected on or [Read more]
Mountainview Energy Ltd. announces 2014 third quarter financial results
CUT BANK, MT, Dec. 1, 2014 /CNW/ - Mountainview Energy Ltd. ("Mountainview" or the "Company") (TSXV: MVW) is pleased to announce its operating and financial results for the quarter ended September 30, 2014. The Company also announces that its reviewed financial statements and management's discussion and analysis for the quarter ended September 30, 2014, are available on SEDAR at www.sedar.com, and on Mountainview's website at www.mountainviewenergy.com. Highlights of Mountainview's successful [Read more]
SilverWillow Energy Corporation announces resignation of director
CALGARY, Dec. 1, 2014 /CNW/ - SilverWillow Energy Corporation (TSXV:SWE) announces that Ms. Bonnie DuPont has tendered her resignation from SilverWillow's board of directors effective November 30, 2014. The company thanks Ms. DuPont for her valuable and dedicated contribution during her time on the board of SilverWillow and its predecessor companies. About SilverWillow Energy SilverWillow Energy Corporation is a Calgary, Alberta based exploration and development company with a portfolio [Read more]
Canadians’ future ‘hangs in the balance’ in pipeline debate: Alberta premier
VANCOUVER - Alberta's premier is urging the country to get behind several controversial pipeline projects linked to the province's oilsands, warning that all Canadians will "feel the pain" if they aren't approved and built soon.Premier Jim Prentice told a business audience in Vancouver that energy development such as Alberta pipelines, B.C. liquefied natural gas terminals and Quebec hydroelectric developments will be at the heart of Canada's economic future.In particular, Prentice said the [Read more]
Pengrowth Energy Announces Appointment of New Board Member Adding Additional Heavy Oil and Oil Sands Expertise
CALGARY, ALBERTA--(Marketwired - Dec. 1, 2014) - Pengrowth Energy Corporation (TSX:PGF) (NYSE:PGH) is pleased to announce the appointment of Margaret Byl to its Board of Directors. Ms. Byl is a seasoned executive with 30 years' experience in the Canadian energy sector in a wide range of upstream and corporate functions with Suncor Energy and Petro-Canada. In her various capacities, Ms. Byl gained expertise in heavy oil and oil sands development, from grass roots pilot projects to [Read more]
Traverse Energy Ltd. Closes Private Placement Financing
CALGARY, ALBERTA--(Marketwired - Dec. 1, 2014) - Traverse Energy Ltd. (the "Corporation") (TSX VENTURE:TVL) is pleased to announce that it has successfully closed its previously announced non-brokered private placement (the "Private Placement") to a single investor of 1,300,000 common shares of the Corporation ("Shares") issued on a "flow through" basis eligible for the renunciation of Canadian exploration expenses within the meaning of the Income Tax Act (Canada) for total gross proceeds of [Read more]
Energy East: TransCanada standing down on further work in Quebec
QUEBEC - TransCanada Corp. will halt all work on an oil terminal in eastern Quebec in response to concerns the project could hurt a beluga habitat.The company said Monday it is "standing down" on all work in Cacouna after a report by a federal government wildlife committee concluded that the whales are endangered.TransCanada (TSX:TRP) wants to build a 4,600-kilometre pipeline to carry 1.1 million barrels per day of oilsands crude from Alberta to refineries in Quebec and New Brunswick.The planned [Read more]