CALGARY, April 23, 2014 /CNW/ - Following a 20-year career with Nexen, highlighted by overseeing the acquisition of the company by CNOOC Limited, Kevin Reinhart is departing from his role as Chief Executive Officer (CEO) of Nexen Energy ULC, a wholly-owned subsidiary of CNOOC Limited. "On behalf of CNOOC Limited and the Nexen organization, I want to thank Kevin for his contributions to Nexen and wish him all the best in his future endeavours," said Mr. Li Fanrong, CEO of CNOOC [Read more]
News
Canada’s oil, gas catch Europe’s eye amid Ukraine troubles: Polish ambassador
OTTAWA - The Russian invasion of Crimea is making Alberta's oil and gas more attractive in European capitals, says Poland's ambassador to Canada.Poland supports the idea of importing Canadian oil and gas, envoy Marcin Bosacki said Wednesday prior to the start of a two-day visit to his country by Foreign Affairs Minister John Baird."This point of view is being shared in a growing number of European capitals in the last two months since the Crimea invasion," Bosacki said."Of course, we are [Read more]
Petrolia Completes Bought Deal Private Placement
QUÉBEC CITY, QUÉBEC--(Marketwired - April 23, 2014) - Not for distribution to U.S. newswire services or for dissemination in the United States Pétrolia (TSX VENTURE:PEA) (the "Company") is pleased to announce the closing of a bought deal private placement with a syndicate of underwriters led by Laurentian Bank Securities Inc. and including National Bank Financial Inc. (the "Underwriters") for the purchase of 4,000,000 common shares (the "Common Shares") of the [Read more]
Magnum Announces Provost Disposition Will Not Proceed
CALGARY, ALBERTA--(Marketwired - April 23, 2014) - MAGNUM ENERGY INC. ("Magnum" or the "Corporation") (TSX VENTURE:MEN) Magnum announces that closing of the previously announced transaction with Artisan Energy Corporation ("Artisan") to sell Magnum's 50% working interest in the Provost area of Alberta (the "Provost Asset") for consideration of $5.6 million will not proceed. Despite Magnum granting numerous extensions to the Closing Date, Artisan was unable to secure the financing necessary to [Read more]
Artisan Provides Corporate Update and Announces Non-Brokered Private Placement
CALGARY, ALBERTA--(Marketwired - April 23, 2014) - Artisan Energy Corporation ("Artisan" or the "Corporation") (TSX VENTURE:AEC) announces that it will not be proceeding with its previously announced purchase and sale agreement with Magnum Energy Inc. (TSX VENTURE:MEN) relating to Magnum's 50% operated working interest in the Provost area of Alberta (the "Magnum Acquisition"). In addition, Artisan has withdrawn its short form prospectus brokered financing. Non-Brokered Convertible Debenture [Read more]
Octagon 88 Resources Announces Plans To Spud First Horizontal Proudction Well On Bluesky Formation
ZUG, Switzerland--(BUSINESS WIRE)--Octagon 88 Resources (OCTX) is pleased to announce that the operator of the Manning projects has advised Management to spud the first horizontal production well in the Bluesky Gething formation. Octagon 88 anticipates to receive spud dates from the operator post the granting of the drill license. Managements believes that the well will be drilled and completed by the end of May 2014. Further information regarding the approval of the drill license will be [Read more]
Yangarra announces $25 million bought deal financing
CALGARY, April 23, 2014 /CNW/ - Yangarra Resources Ltd. ("Yangarra" or the "Corporation") (TSXV:YGR) announces it has entered into an equity financing agreement, on a bought deal basis, led jointly by AltaCorp Capital Inc. and Clarus Securities Inc., with AltaCorp Capital Inc. as sole book-runner. The full syndicate also includes Dundee Capital Markets, Acumen Capital Finance Partners Limited, Industrial Alliance Securities Inc. and Paradigm Capital Inc. (collectively, the [Read more]
Ironhorse Announces 2013 Fourth Quarter and Year End Results
CALGARY, April 22, 2014 /CNW/ - Ironhorse Oil & Gas Inc. ("Ironhorse" or the "Company") (TSXV: IOG) announces its fourth quarter and full year 2013 financial and operating results and year-end reserves information. The Company's year-end reserves evaluation with the effective date of December 31, 2013 was prepared by GLJ Petroleum Consultants Ltd. and Sproule Associates Limited in accordance with definitions, standards and procedures contained in the Canadian Oil and Gas Evaluation Handbook [Read more]
Ottawa ponders lifting threatened species status for Pacific humpback…environmentalists say it’s to encourage Northern Gateway development
VANCOUVER - In the midst of the heated debate over oil tankers off the coast of British Columbia, the federal environment minister has proposed improving the status of North Pacific humpback whales from threatened to "special concern." The whales have played a starring role in the campaign against oil pipelines and opponents accused the federal government Tuesday of removing a hurdle to the proposed multibillion-dollar Northern Gateway (TSX:ENB) pipeline. "What we're seeing is that the [Read more]
Quattro Provides Financial Guidance and Announces the Withdrawal of Its Convertible Debenture Offering
CALGARY, ALBERTA--(Marketwired - April 22, 2014) - Quattro Exploration and Production Ltd. (TSX VENTURE:QXP) ("Quattro" or the "Company") is pleased to announce April 28, 2014 as the anticipated date for the release of our audited financials for the year ended December 31, 2013. The Company is also pleased to confirm its previous guidance of pro forma revenue for the year ended December 31, 2013, exceeding $14 million as previously projected. Furthermore, Quattro's Board of Directors, in [Read more]