CALGARY, ALBERTA--(Marketwired - Nov. 25, 2014) - Spyglass Resources Corp. ("Spyglass", or the "Company") (TSX:SGL)(OTCQX:SGLRF) announces that Mr. Michael Rapps has tendered his resignation from the Board of Directors (the "Board") effective November 25, 2014. The Company would like to thank Mr. Rapps for his contribution during his time on the Board. Spyglass Resources Corp. is a dividend paying intermediate oil and natural gas company, headquartered in Calgary, Alberta and currently operates [Read more]
News
Border Announces Quarterly Financial Filing and New Personnel
CALGARY, ALBERTA--(Marketwired - Nov. 25, 2014) - Border Petroleum Limited ("Border" or the "Corporation") (TSX VENTURE:BOR) announces financial results for its second quarter ended September 30, 2014. The unaudited condensed consolidated interim financial statements and management's discussion & analysis ("MD&A") have been filed on SEDAR and can be viewed at www.sedar.com. HIGHLIGHTS The following represent the highlights of Border's operations for the quarter ended September 30, [Read more]
Hyperion Exploration Corp. Announces Third Quarter Results
CALGARY, ALBERTA--(Marketwired - Nov. 25, 2014) - Hyperion Exploration Corp. ("Hyperion" or the "Company") (TSX VENTURE:HYX) announces it has filed on SEDAR its unaudited condensed interim financial statements and related Management's Discussion and Analysis ("MD&A) for the three and nine months ended September 30, 2014. The financial statements and MD&A will be available for review at www.sedar.com or www.hyperionexploration.com . FINANCIAL HIGHLIGHT $1.1 million reduction in net [Read more]
Traverse Energy Ltd. Announces Private Placement Financing
CALGARY, ALBERTA--(Marketwired - Nov. 25, 2014) - Traverse Energy Ltd. (the "Corporation") (TSX VENTURE:TVL) intends to complete a non-brokered private placement (the "Private Placement") to a single investor of 1,300,000 common shares of the Corporation ("Shares") to be issued on a "flow through" basis eligible for the renunciation of Canadian exploration expenses within the meaning of the Income Tax Act (Canada) at $1.15 per Share for total gross proceeds of $1,495,000. Completion of the [Read more]
Oil industry plays OPEC guessing game, tries to divine motivations for possible action
NEW YORK - Does Saudi Arabia have it out for frackers in the U.S.? Or Iran? Or Russia? Will low oil prices make it easier to fight the Islamic State? Or harder?Trying to guess what OPEC members are thinking in the run-up to Thursday's meeting in Vienna is a high stakes parlour game for energy analysts, political scientists and armchair geo-politicians.This year the game is more complex than it has been in years. There is political upheaval across the Middle East, Iran is suffering under Western [Read more]
Anti-pipeline grandma willing to go to jail by violating B.C. court order
BURNABY, B.C. - An 84-year-old retired librarian says she's willing to violate a court injunction and go to jail as she and other anti-pipeline protesters take a stand against fossil fuels by interfering with survey work in Burnaby, B.C.Barbara Grant joined activists near Burnaby Mountain on Tuesday to demonstrate against Kinder Morgan's proposed plan to nearly triple its pipeline capacity to transport Alberta oil to British Columbia.Grant said she has the support of her three children and three [Read more]
Oilsands alliance sets water use goals, but GHG targets proving tougher
CALGARY - A group of oilsands companies has set its first environmental performance target by limiting the use of fresh water in oil production, but goals for cutting greenhouse gas emissions have proven much more complicated.Members of the Canadian Oil Sands Innovation Alliance — an organization through which 13 oilsands players aim to make the industry greener — said Tuesday they have agreed to halve the amount of fresh water used to produce a barrel of crude from steam-driven projects to 0.2 [Read more]
Southern Pacific Closes $19.5 Million Non-Core Asset Disposition
CALGARY, ALBERTA--(Marketwired - Nov. 25, 2014) - Southern Pacific Resource Corp. ("Southern Pacific" or the "Company") (TSX:STP) today completed the closing of the previously announced agreement to dispose of its entire interest in its Red Earth assets. The consideration for this sale is $19.5 million cash. About Southern Pacific Southern Pacific Resource Corp. is engaged in the exploration, development and production of in-situ oil sands in Alberta's Athabasca region, and the thermal [Read more]
Latest assessment increases NWT’s discovered oil and gas resources
CALGARY, Nov. 25, 2014 /CNW/ - Today the National Energy Board (NEB) released an "Assessment of Discovered Conventional Petroleum Resources in the Northwest Territories and Beaufort Sea" which found the overall resource assessment for the Northwest Territories (NWT) to be larger than what was previously understood. The discovered conventional petroleum resource volumes in the study area are: 467.0 billion m3 (16.4 Tcf) of marketable natural gas; 195.1 million m3 (1227.8 million barrels) of crude [Read more]
National Energy Board to ask Canadians for input on pipeline safety
SAINT JOHN, N.B. - The National Energy Board will launch a tour early in the new year in an effort to strengthen pipeline safety, the chairman of the federal regulatory agency said Tuesday.Peter Watson said board members and staff will visit every province and the North to hear from Canadians on how it can improve its pipeline safety program."We felt there was a lot of need to get out from inside our hearing rooms and have a more fundamental discussion about pipeline safety and protection of the [Read more]