CALGARY, ALBERTA--(Marketwired - April 15, 2014) - Forent Energy Ltd. ("Forent" or the "Company") (TSX VENTURE:FEN) is pleased to give an update on current operations. Montgomery, Alberta At Montgomery, the exploration well "Forent et al DD14-12-029-12W4", was spud on February 17, 2014 and was successfully drilled to the base of the Second White Speckled Shale Formation (2WS). The 2WS was encountered at the expected depth based on Forent's proprietary 3D seismic survey and was cased from [Read more]
News
Oil falls below $104 ahead of talks on Ukraine crisis
The price of oil fell Tuesday ahead of talks in Switzerland that might help defuse tension between the West and Russia over Ukraine. Benchmark U.S. crude for May delivery was down 68 cents to US$103.39 at 0650 GMT in electronic trading on the New York Mercantile Exchange. The contract rose 31 cents to close Monday at $104.05. Officials from the U.S., Russia, Ukraine and the European Union are set to meet in Geneva on Thursday for negotiations aimed at persuading Russia to back off in [Read more]
MGM Energy Corp. Enters Into Arrangement Agreement with Paramount Resources Ltd.
CALGARY, ALBERTA--(Marketwired - April 14, 2014) - MGM Energy Corp. ("MGM Energy" or the "Company") (TSX:MGX) announced today that, further to its March 11, 2014 press release, it has entered into a formal arrangement agreement (the "Arrangement Agreement") with Paramount Resources Ltd. ("Paramount") (TSX:POU) whereby Paramount would acquire all of the common shares ("Common Shares") of MGM Energy not currently owned by Paramount. Pursuant to the Arrangement Agreement, Paramount would acquire [Read more]
Lightstream Announces Operational Update and $141 Million Asset Disposition
CALGARY, ALBERTA--(Marketwired - April 14, 2014) - Lightstream Resources Ltd. ("Lightstream" or the "Company") (TSX:LTS) is pleased to provide an update on our operations and announce an agreement to sell our southeast Saskatchewan Conventional business unit royalty interest package for gross proceeds of $141 million. Operational Update Consistent with our investment profile in 2013, the first quarter of 2014 is projected to be our most active capital quarter for the year. In the first [Read more]
Freehold Royalties Ltd. Enters Into Agreement to Acquire Royalty Production and Mineral Title Lands
CALGARY, ALBERTA--(Marketwired - April 14, 2014) - Freehold Royalties Ltd. (Freehold) (TSX:FRU) announced it has entered into a purchase and sale agreement to acquire royalty interests on certain producing and non-producing lands in southeast Saskatchewan and Manitoba for approximately $111 million, prior to normal closing adjustments. The effective date of the transaction is January 1, 2014, with closing expected to occur on or about May 2, 2014, subject to regulatory approval. Total proceeds [Read more]
Gibson Announces Expansion of Its Canwest Propane Business
CALGARY, ALBERTA--(Marketwired - April 14, 2014) - Gibson Energy Inc. ("Gibson" or the "Company"), (TSX:GEI), is pleased to announce that it has entered into a letter of intent to acquire Cal-Gas Inc. ("Cal-Gas"), a retail propane company with operations across Canada. Complementing this proposed acquisition, on April 1, 2014, Gibson closed the purchase of Stittco Energy Limited ("Stittco"), a provider of propane equipment, service and delivery to commercial, industrial and residential customers [Read more]
Encana Announces Filing of Preliminary Prospectus for Initial Public Offering of PrairieSky Royalty
CALGARY, ALBERTA--(Marketwired - April 14, 2014) - Encana Corporation ("Encana") (TSX:ECA)(NYSE:ECA) announced today that PrairieSky Royalty Ltd. ("PrairieSky"), a wholly-owned subsidiary of Encana, has filed and obtained a receipt for a preliminary prospectus in respect of its initial public offering of common shares with the securities regulatory authorities of all provinces and territories in Canada (the "Offering"). The Offering is being conducted by way of a secondary offering by Encana, [Read more]
First Nations Alternative to Northern Gateway Pipeline Announced
VANCOUVER, April 14, 2014 /CNW/ - Following a year of feedback from B.C. First Nations communities, Eagle Spirit Energy Holdings Ltd. and the Aquilini Group announced today that they continue to develop an alternative solution to Enbridge's Northern Gateway pipeline proposal. Eagle Spirit Energy's respectful, patient approach has resulted in a B.C. First Nation, the Nee Tahi Buhn near Burns Lake, revoking their support of the Northern Gateway Project. They are now endorsing Eagle Spirit Energy's [Read more]
Perpetual Energy Inc. provides additional information on the prior period restatement of gas over bitumen royalty adjustments
CALGARY, April 14, 2014 /CNW/ - (TSX:PMT) - Perpetual Energy Inc. ("Perpetual" or the "Company") is herein providing additional information to further clarify the prior period restatement related to gas over bitumen ("GOB") royalty adjustments described in Perpetual's audited consolidated financial statements and management's discussion and analysis for the year ended December 31, 2013. The Company's consolidated financial statements for the year ended December 31, 2013 included a restatement [Read more]
Texas-based Stabilis Energy buying Encana’s U.S. liquefied natural gas unit
CALGARY - Encana Corp. (TSX:ECA) will sell substantially all the assets of a Denver-based liquefied natural gas unit to Texas-based Stabilis Energy under an agreement announced Monday.Financial terms of the deal weren't disclosed.Calgary-headquartered Encana has been reducing its portfolio and recently agreed to sell natural gas properties in Wyoming to a private equity firm.Denver-based Encana Natural Gas Inc. distributes liquefied natural gas (LNG) fuel to operators of high horsepower engines [Read more]