The price of oil rose as traders anticipated positive news in the monthly U.S. jobs report.Benchmark U.S. crude for May delivery gained 67 cents Thursday to close at $100.29 a barrel on the New York Mercantile Exchange. Brent crude, used to set prices for international varieties of oil, rose $1.36 to $106.15 a barrel on the ICE exchange in London.The Labor Department releases its March employment report Friday. Economists project that employers added 191,000 workers last month, according to a [Read more]
News
Ironhorse Announces Reserve Values for the Pembina Nisku L2L Oil Pool as at December 31, 2013 and Advises of Potential Transportation Disruptions
CALGARY, April 3, 2014 /CNW/ - Ironhorse Oil & Gas Inc. ("Ironhorse" or the "Company") (TSX-V: IOG). announces that Sproule Associates Limited, has evaluated Ironhorse's primary property, the Pembina Nisku L2L Oil Pool as at December 31, 2013 in accordance with National Instrument 51-101. Detailed reserves information will be included in Ironhorse's Oil and Gas Annual Disclosure which will be filed on Sedar on or before April 28, 2014. The summary information that follows has been derived [Read more]
Anadarko to pay US government $5.15 BILLION to settle pollution case
WASHINGTON (AP) -- The federal government on Thursday reached a $5.15 billion settlement with Anadarko Petroleum Corp., the largest ever for environmental contamination, to settle claims related to the cleanup of thousands of sites tainted with hazardous chemicals for decades. The bulk of the money - $4.4 billion - will pay for environmental cleanup and be used to settle claims stemming from the legacy contamination. The settlement resolves a legal battle over Tronox Inc., a spinoff of [Read more]
Blackbird Energy Increases Montney Land Position in the Greater Karr Area of Alberta
CALGARY, ALBERTA--(Marketwired - April 3, 2014) - Blackbird Energy Inc. ("Blackbird" or the "Company") (TSX VENTURE:BBI) is very pleased to be able to announce that it has increased its Elmworth (Greater Karr) Montney acreage to 31 sections of land (19,840 acres) including 27 sections of land (17,280 acres) that are contiguous (100% WI). The 31 sections of land at Elmworth acquired to date followed a detailed technical assessment of the region that included a petrophysical evaluation of [Read more]
Arcan Announces Achievement of 2013 Objectives, Increase in Proved Reserves and 2013 Financial Results
CALGARY, ALBERTA--(Marketwired - April 2, 2014) - Arcan Resources Ltd. (TSX VENTURE:ARN) ("Arcan" or the "Corporation") announces its reserves as well as financial and operating results for the year ended December 31, 2013. "Arcan achieved several key operational and financial objectives in 2013. We aligned our operations with our strategic objectives with our focus on stability, simplicity and value creation," said Terry McCoy, Arcan's Chief Executive Officer. "We have reduced costs and [Read more]
Yoho Resources Issues Stock Options and Amends Certain Outstanding Stock Options
CALGARY, ALBERTA--(Marketwired - April 2, 2014) - Yoho Resources Inc. ("Yoho" or the "Company") (TSX VENTURE:YO) announces that it has issued stock options to purchase a total of 1,815,000 common shares of the Company ("Common Shares") to certain of its directors, senior officers and employees in accordance with the Company's shareholder approved stock option plan (the "Option Plan"). The stock options are exercisable at a price of $2.32 per share, expire in five years and vest as to 1/3 of the [Read more]
Energy board approves 400 interveners in Trans Mountain pipeline review
VANCOUVER - The National Energy Board hearings into Kinder Morgan's proposed pipeline expansion through Alberta and British Columbia will begin in August and hear from more than a thousand people, groups and communities.But only 400 of the more than 2,118 applicants who applied to be interveners in the hearings will be allowed to participate.Those groups given approval will be allowed to question experts and company officials and present evidence at the hearings.They include: dozens of First [Read more]
Oil falls slightly even with report of unexpected supply drop
The price of oil fell slightly Wednesday, despite a report of an unexpected decline in the nation's supplies. Benchmark U.S. crude for May delivery slipped 12 cents to close at $99.62 a barrel on the New York Mercantile Exchange. Brent crude, used to set prices for international varieties of oil, dropped 83 cents to $104.79 a barrel on the ICE Futures exchange in London as traders considered the possible reopening of export terminals in Libya. The U.S. Energy Department said Wednesday [Read more]
Artisan Energy Announces Extension to Closing of Viking Light Oil Acquisition and Filing of an Amended Short Form Preliminary Prospectus
CALGARY, ALBERTA--(Marketwired - April 2, 2014) - As previously announced, Artisan Energy Corporation ("Artisan" or the "Corporation") (TSX VENTURE:AEC) and Magnum Energy Inc. ("Magnum") (TSX VENTURE:MEN) have entered into a purchase and sale agreement (subject to certain closing conditions) pursuant to which Artisan will acquire Magnum's 50% operated working interest in 2,720 gross acres (1,360 net acres) of land in the Provost area of Alberta (the "Provost Asset"). The purchase and sale [Read more]
Magnum Energy Inc. Announces Resignation of Chief Financial Officer
CALGARY, ALBERTA--(Marketwired - April 2, 2014) - MAGNUM ENERGY INC. ("Magnum" or the "Corporation") (TSX VENTURE:MEN) - Magnum announces the resignation of Mr. Kelly Kerr as Magnum's Vice President, Finance and Chief Financial Officer effective immediately. The Board wishes to thank Mr. Kerr for his efforts and contribution over the past sixteen months and wish him continued success in his new endeavors. Neither TSX Venture Exchange nor its Regulation Services Provider (as [Read more]