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]
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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]
Huntington Announces Changes to the Board of Directors
CALGARY, ALBERTA--(Marketwired - April 10, 2014) - Huntington Exploration Inc. ("HEI" or the "Corporation") (TSX VENTURE:HEI) announced today that Mr. Robert V. Shields has resigned as a director of the Corporation. Huntington is currently seeking suitable candidates for appointment to the Board. The Corporation wishes to thank Mr. Shields for his service to Huntington. HEI is an exploration-focused company actively pursuing opportunities in the oil and natural gas business in the Western [Read more]
Obama faces pressure from Democrats to approve Keystone by May 31
WASHINGTON - Barack Obama is being pressured by members of his own party to approve the Keystone XL pipeline by May 31. The president has received a letter from 11 pro-pipeline Democratic senators, several of whom face re-election battles that will help determine whether their party keeps control of the Senate. They say that gives the president 15 days, beyond the current 90-day multi-department review, to make his choice. And they say the decision should be positive, given the conclusions [Read more]
Oil and Gas Markets Still Responding to Dramatic Changes, says NEB Report
CALGARY, April 10, 2014 /CNW/ - Today the National Energy Board (NEB or the Board) released its Canadian Pipeline Transportation Report 2014 (Transportation Report). This energy market assessment provides information about the major pipelines regulated by the Board, and assesses the economic functioning of the pipeline transportation system. The Transportation Report highlights how Canada's pipeline system has been impacted by the dramatic shifts in oil and gas markets over the last eight [Read more]
Marquee Energy Ltd. Announces Increase to Bought Deal Financing from C$15.0 Million to C$17.5 Million
CALGARY, ALBERTA--(Marketwired - April 10, 2014) - Marquee Energy Ltd. ("Marquee", or the "Company") (TSX VENTURE:MQL)(OTCQX:MQLXF) is pleased to announce that, in connection with its previously announced offering of common shares ("Common Shares"), the Company and the syndicate of underwriters co-led by National Bank Financial Inc. and Haywood Securities Inc. and including Acumen Capital Finance Partners Limited, Peters & Co. Limited, Canaccord Genuity Corp. and FirstEnergy Capital Corp. [Read more]