FORT ST. JAMES, B.C. - A group of First Nations with territory covering a quarter of the route for the proposed Northern Gateway oil pipeline has gathered in central British Columbia today to official reject the project. Representatives of the Canadian Environmental Assessment Agency, the National Energy Board and the Department of Fisheries and Oceans are at the meeting in Fort St. James with the Yinka Dene. The First Nation says the decision by its four clans marks the end of [Read more]
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Shoreline Energy Corp. Announces Formation of Special Committee to Review Strategic Alternatives
CALGARY, ALBERTA--(Marketwired - April 11, 2014) - Shoreline Energy Corp. (TSX:SEQ) ("Shoreline" or the "Corporation") announces that its Board of Directors has initiated a process to identify, examine and consider strategic and financial alternatives available to Shoreline with a view to enhancing shareholder value. The Board of Directors has established a special committee comprised of all the independent members to oversee the process. Management and the Board of Directors are committed to [Read more]
BlackPearl Announces Issuance of Shares for $8.2 Million Pursuant to Exercise of Over-Allotment Option
CALGARY, ALBERTA--(Marketwired - April 11, 2014) - BlackPearl Resources Inc. ("BlackPearl" or the "Company") (TSX:PXX)(OMX:PXXS) is pleased to announce that it issued today 3,100,000 common shares at a price of $2.65 per share for gross proceeds of $8,215,000 pursuant to the partial exercise of an over-allotment option previously granted to the syndicate of underwriters led by FirstEnergy Capital Corp. The over-allotment option was granted by BlackPearl in connection with its recently completed [Read more]
Oil falls to near $103 on signs China’s economic growth is slowing
The price of oil fell further on Friday as recent signs of sputtering economic growth in China suggested demand for crude could weaken. Other factors influencing crude supplies included a report that U.S. crude reserves rose to a 38-year high and the delayed reopening of export terminals in Libya. Benchmark crude for May delivery was down 20 cents to US$103.20 a barrel at 0740 GMT in electronic trading on the New York Mercantile Exchange. The contract fell 20 cents to settle at $103.40 a [Read more]
Kitimat residents to cast ballots on Northern Gateway pipeline project
KITIMAT, B.C. - Residents of Kitimat will cast votes in a local plebiscite Saturday for or against the multibillion-dollar Northern Gateway pipeline. The District of Kitimat has remained neutral on the $6-billion project, but the vote will decide council's position. "We'll see what the people of Kitimat want," said Mayor Joanne Monaghan. The city on the North Coast would be the end of the pipeline and home of the marine terminal for loading oil onto tankers. Kitimat council's neutral [Read more]
Palliser Oil & Gas Corporation announces strategic review and appointment of financial advisor
CALGARY, April 10, 2014 /CNW/ - Palliser Oil & Gas Corporation ("Palliser" or the "Company") (TSXV:PXL) announces that in light of operational challenges and financial constraints facing the Company, the board of directors of Palliser (the "Board") is conducting a strategic review of the Company's business plan to identify appropriate actions for the Company. The strategic review is examining and considering the alternatives available to the Company with a view to enhancing shareholder [Read more]
Blackbird Energy and Pennant Energy Announce Court Approval of Business Combination
CALGARY, ALBERTA--(Marketwired - April 10, 2014) - Blackbird Energy Inc. (TSX VENTURE:BBI) ("Blackbird") and Pennant Energy Inc. (TSX VENTURE:PEN) ("Pennant") are pleased to announce that the Supreme Court of British Columbia has approved the plan of arrangement between Blackbird and Pennant (the "Arrangement") pursuant to the Business Corporations Act (British Columbia). As previously announced on February 18, 2014, Blackbird and Pennant entered into an arrangement agreement dated February 17, [Read more]
Jim Flaherty, Former Finance Minister, Dead At 64
It has been an honour to serve Canada. Thank you for the opportunity. pic.twitter.com/vIbBNgT0wY— Jim Flaherty (@JimFlaherty) March 18, 2014 OTTAWA - Jim Flaherty, the former finance minister who took the country from surplus to huge, recession-spawned deficits and back to within an eyelash of a surplus, died suddenly Thursday. His death left MPs on all sides of the political spectrum shocked and tearful. The jocular, wise-cracking Flaherty, who until mid-March had been the Harper [Read more]
Questfire Energy Corp. Announces Year End 2013 Financial Results and Files Its Annual Information Form
CALGARY, ALBERTA--(Marketwired - April 10, 2014) - Questfire Energy Corp. (the "Corporation" or "Questfire") (TSX VENTURE:Q.A)(TSX VENTURE:Q.B) is pleased to announce that it has filed on SEDAR its audited financial statements, related management's discussion and analysis ("MD&A") and its Annual Information Form ("AIF") for the year ended December 31, 2013. Included in the AIF is the Corporation's reserves data and other oil and gas information for the year ended December 31, 2013 as [Read more]
Saskatchewan land sales for petroleum, natural gas pass $98.6M this year
REGINA - Crown petroleum, natural gas and oil shale land sales are pumping more money into Saskatchewan government coffers. The province says the April sale of petroleum and natural gas rights brought in $47.9 million in revenue, bringing the total of the first two sales this year to $98.6 million. The government says that amount passes the $67.4 million in land sales in all of last year. Sales in the Weyburn-Estevan area were the highest at $42.8 million, followed by the Lloydminster [Read more]