QUEBEC - TransCanada Corp. should abandon its plan to build an oil terminal in an area in eastern Quebec where belugas have been listed as an endangered species, Premier Philippe Couillard said Tuesday.A federal government wildlife committee recently concluded that their numbers near Cacouna have dwindled to 1,000 from a high of 10,000.That information will make the project harder for TransCanada (TSX:TRP) to sell the Energy East project at environmental hearings in Quebec and with the National [Read more]
News
International Frontier Resources Corporation: Canadian National Energy Board Assessment Increases Oil and Gas Resources in NWT
CALGARY, ALBERTA--(Marketwired - Dec. 2, 2014) - International Frontier Resources Corporation ("IFR" or the "Company") (TSX VENTURE:IFR) today announced that in a report dated November 25, 2014 the Canadian National Energy Board ("NEB") increased the overall resource assessment for the Northwest Territories ("NWT") discovered conventional petroleum resource volumes to: 16.4 TCF of marketable natural gas 1227.8 million barrels of crude oil; and 53.3 million barrels of natural gas [Read more]
New Brunswick premier wants fracking moratorium passed by Christmas
FREDERICTON - The premier of New Brunswick says his government will introduce legislation for a moratorium on fracking for shale gas during the fall legislative session that begins Wednesday and he wants it passed by Christmas.The Liberals, who won a majority government in the September election, campaigned on a promise to bring in a moratorium, saying more information is needed before allowing shale gas fracking to continue.Premier Brian Gallant said his government will refuse to approve [Read more]
Painted Pony Announces Closing of Bought Deal Equity Financing
CALGARY, ALBERTA--(Marketwired - Dec. 2, 2014) - Painted Pony Petroleum Ltd. (TSX:PPY) ("Painted Pony" or the "Corporation") is pleased to announce that it has closed its previously announced bought deal financing (the "Offering"). Pursuant to the Offering, the Corporation has issued a total of 5,275,050 common shares in the capital of the Corporation ("Common Shares"), which included the full exercise of the over-allotment option granted to the underwriters of the Offering. The Common Shares [Read more]
Bellatrix Announces the Sale of Minority Interests in its New Deep Cut Gas Plant and Facilities Being Constructed in the Alder Flats Area and the Securing of Additional Strategic Firm Capacity in the Strachan Area
CALGARY, Dec. 2, 2014 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE: BXE) is pleased to announce the sale of minority interests in its new Bellatrix O'Chiese Ness-Ohpawganu'ck deep-cut gas plant at Alder Flats (the "Plant") and related pipeline infrastructure currently under construction (collectively the "Facilities") to Keyera Partnership ("Keyera") and O'Chiese Gas Plant GP Inc. ("O'Chiese"). Separately, Bellatrix is pleased to announce that it has entered into [Read more]
Keyera to Acquire an Ownership Interest in New Deep-Cut Gas Plant in West Central Alberta
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]
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]