CALGARY, ALBERTA--(Marketwired - May 5, 2014) - Forent Energy Ltd. (TSX VENTURE:FEN) ("Forent" or the "Company") is pleased to announce that it has filed its audited Financial Statements and Management's Discussion & Analysis, for the period ending December 31, 2013, with applicable securities regulatory authorities in Canada. Copies of these documents can be accessed under the Company's profile on the SEDAR website at www.sedar.com and on the Company's website www.forentenergy.com. In [Read more]
News
Nova Scotia offshore board issues exploration bids for parcels on Scotian Slope
HALIFAX - The Canada-Nova Scotia Offshore Petroleum Board has issued a call for exploration bids on four parcels of the Scotian Slope.The slope area lies in water that extends 850 kilometres from the United States international border in the southwest, to the Newfoundland provincial border in the northeast.The board says the four parcels, which have potential for both oil and gas, are found at depths between 100 metres and 4,100 metres.Parcels one and two are in the western area and extend from [Read more]
DeeThree Exploration Announces $70 Million Bought Deal, Acquisition of Over 70 Sections of Alberta Bakken Lands, Operations Update and Increase in Credit Facility
CALGARY, ALBERTA--(Marketwired - May 5, 2014) - DEETHREE EXPLORATION LTD. ("DeeThree" or the "Company") (TSX:DTX)(OTCQX:DTHRF) is pleased to announce that it has entered into an agreement, on a bought deal basis, with a syndicate of underwriters co-led by Cormark Securities Inc. and Macquarie Capital Markets Canada Ltd., including Raymond James Ltd., CIBC, Dundee Securities Ltd., TD Securities Inc., National Bank Financial Inc., and Desjardins Securities Inc., to purchase 5,410,000 common shares [Read more]
Altima Intends to Complete Equity Financing for $12,500,000 at a Premium to Market and Consolidate Share Capital on an 8:1 Basis
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 5, 2014) - Altima Resources Ltd. (TSX VENTURE:ARH) ("Altima" or the "Company") announces that it intends to complete a private placement for gross proceeds of $12,500,000 (the "Financing"), subject to acceptance by the TSX Venture Exchange. These funds will be raised by the issuance of 138,888,886 Units (the "Units") at a price of $0.09 per Unit (currently being a premium to the Company's market price), each Unit consisting of one common share and [Read more]
Connacher Extends May 31, 2014 Credit Facility Renewal Date and Obtains Senior Lender Consent to Covenant Waiver
CALGARY, May 5, 2014 /CNW/ - On May 2, 2014 Connacher Oil and Gas Limited (CLL - TSX; "Connacher" or the "Company") received unanimous consent from the lenders under the Amended and Restated Senior Secured Revolving Credit Facility (the "Credit Facility") to extend the maturity date from May 31, 2014 to July 31, 2014 and to waive the requirement to comply with Total Consolidated Debt to Total Capitalization Ratio covenant under Credit Facility at March 31, 2014 and June 30, 2014. About [Read more]
Athabasca Oil Corporation Announces Management Change
CALGARY, May 5, 2014 /CNW/ - Athabasca Oil Corporation (TSX: ATH) ("Athabasca" or "the Company") announces that Matthew Taylor has joined the Company as Vice President Capital Markets & Communications, effective today. Mr. Taylor's principal responsibilities will be the management and implementation of Athabasca's investor relations and communications initiatives and activities. Mr. Taylor's background includes equity research and investment banking at National Bank Financial, GMP [Read more]
Oil climbs as Ukraine tensions overshadow China slowdown report
The price of oil climbed above US$100 a barrel Monday as escalating tensions in Ukraine outweighed a fourth month of contraction in China's manufacturing. Benchmark U.S. crude for June delivery was up 34 cents to $100.10 a barrel at 3:25 a.m. ET in electronic trading on the New York Mercantile Exchange. The contract rose 34 cents to settle at $99.76 on Friday. Brent crude, a benchmark for international varieties of oil, gained 11 cents to $108.70 on the ICE exchange in London. Violence [Read more]
WATCH: The best LNG video ever
LNG (liquified natural gas) has generated a lot of buzz over the past few years. Many - especially those in BC - see it as the future of Canada's economy. But there are still those who see it as an evil fossil fuel which will bring destruction to our planet. For the anti-LNG crew, here's a short informative video of how LNG is the safest fuel available. And for the pro-LNG-ers, share this with your anti-LNG friends: [Read more]
TransCanada CEO says no NAFTA challenge to Keystone XL delays — for now
CALGARY - TransCanada Corp. (TSX:TRP) hopes it won't have to resort to a challenge under the North American Free Trade Agreement to get its long-delayed Keystone XL pipeline built, CEO Russ Girling said Friday."Those are issues that are sort of well beyond what we're contemplating at the current time and not something we've spent a whole bunch of time analyzing," he told reporters following the company's annual general meeting."Down the road that's something that hopefully we don't have to take [Read more]
B.C. First Nation launches legal challenge over Kinder Morgan pipeline
NORTH VANCOUVER, B.C. - A B.C. First Nation has launched a legal challenge of the National Energy Board's planned review of a controversial pipeline project.The Tsleil-Waututh (TSLAY'-wah-tooth) Nation is disputing the board's decision to review Kinder Morgan's proposed expansion of its Trans Mountain pipeline between Alberta's oilsands and Metro Vancouver.Last month, the National Energy Board announced it would hold hearings beginning in August, allowing 400 interveners out of more than 2,100 [Read more]