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]
News
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]
Mountainview Energy Ltd. announces significant 2013 year end reserves growth
CUT BANK, MT, April 14, 2014 /CNW/ - Mountainview Energy Ltd. ("Mountainview" or "the Company") (TSXV: MVW) is pleased to announce significant 2013 year end reserve growth, highlighting success at the 12 Gage Three Forks play, for the year ended December 31, 2013. Selected reserve information is outlined below and should be read in conjunction with Mountainview's upcoming audited financial statements and related management discussion and analysis, which will be made available for review [Read more]
BlackPearl Announces Closing of $10 Million Private Placement and Expansion of Its Credit Facilities
CALGARY, ALBERTA--(Marketwired - April 14, 2014) - BlackPearl Resources Inc. ("BlackPearl" or the "Company") (TSX:PXX)(OMX:PXXS) is pleased to announce that it has closed its previously announced private placement of 3,773,585 common shares of BlackPearl at a price of $2.65 per share for aggregate gross proceeds of $10,000,000. With the closing of the private placement of common shares, together with the previously announced closing of the public offering of common shares and the exercise of [Read more]
Crescent Point Energy Announces Torquay Discovery and Operational Update
CALGARY, ALBERTA--(Marketwired - April 14, 2014) - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX:CPG)(NYSE:CPG) is pleased to announce a significant Torquay discovery in southeast Saskatchewan. Over the past 12 months, Crescent Point has delineated a Torquay discovery in its core Flat Lake area of southeast Saskatchewan. This discovery is an extension of the Company's Three Forks resource play in North Dakota. Crescent Point has more than 220 net sections of core-area [Read more]
Baytex Provides Update on Aurora Acquisition
CALGARY, ALBERTA--(Marketwired - April 14, 2014) - Baytex Energy Corp. ("Baytex") (TSX:BTE)(NYSE:BTE) provides an update on the status of its proposed acquisition of all of the shares of Aurora Oil & Gas Limited ("Aurora") pursuant to a scheme of arrangement under Australian law (the "Arrangement"). The Federal Court of Australia has approved the dispatch of the scheme booklet and ordered that a meeting of Aurora shareholders be convened to consider and vote on the Arrangement. The scheme [Read more]