HALIFAX, March 21, 2014 /CNW/ - Pieridae Energy (Canada) Ltd. ("Pieridae") is pleased to announce that the Honourable Randy Delorey, Minister of Environment for the Province of Nova Scotia, has issued environmental assessment (EA) approval, with conditions, for company's proposed Goldboro LNG project. Goldboro LNG consists of a liquefied natural gas (LNG) processing plant and facilities for the storage and export of LNG, including a marine jetty. In a letter to Pieridae, Minister Delorey stated, [Read more]
News
Oil falls to near $98 a barrel as dollar strengthens, maintenance crimps refinery demand
The price of oil extended losses Friday as seasonal maintenance of refineries crimps U.S. demand and a stronger dollar makes the commodity more expensive. Benchmark U.S. crude for May delivery was down 58 cents at $98.32 a barrel at 0610 GMT in electronic trading on the New York Mercantile Exchange. The contract dropped 27 cents to settle Thursday at $98.90. Traders have zoomed in on data showing that U.S. crude supplies rose by nearly 6 million barrels in the week ended March 14. Oil [Read more]
Laricina Energy Ltd. issues $150 million Senior Secured Notes to CPPIB Credit Investments Inc., and provides Operational Update
Laricina Energy Ltd. (“Laricina”) advises shareholders that it has completed the issuance to CPPIB Credit Investments Inc. (“CII”), a wholly-owned subsidiary of CPP Investment Board (“CPPIB”), of $150 million in 11.5% senior secured notes with a four year term (the “Notes”) pursuant to a trust indenture. “CPPIB has been a strategic financial investor in Laricina since its initial equity investment in 2010,” said Glen Schmidt, President and Chief Executive Officer of Laricina. “They are our [Read more]
Pine Cliff Energy Ltd. Announces Year-End and Fourth Quarter 2013 Results
CALGARY, ALBERTA--(Marketwired - March 20, 2014) - Pine Cliff Energy Ltd. ("Pine Cliff" or the "Company") (TSX VENTURE:PNE) is pleased to announce its year-end and fourth quarter financial and operating results. Selected highlights are shown below and should be read in conjunction with the Company's annual condensed consolidated financial statements and the related management's discussion and analysis for the three months and year ended December 31, 2013 (the "2013 Report"). The 2013 year was [Read more]
Marquee Energy Ltd. announces significant increase in reserves, along with fourth quarter and year-end 2013 operating and financial results
CALGARY, March 20, 2014 /CNW/ - Marquee Energy Ltd. ("Marquee" or the "Company") (TSXV: "MQL") is pleased to announce its 2013 year-end oil and natural gas reserves, along with its fourth quarter 2013 operating and financial results. The Company's consolidated financial statements as at December 31, 2013 and for the year then ended and management's discussion and analysis for the three months and year ended December 31, 2013 are available on SEDAR at www.sedar.com and on Marquee's website at [Read more]
Bonterra Energy Corp. Announces Fourth Quarter and Year End 2013 Results
CALGARY, ALBERTA--(Marketwired - March 20, 2014) - Bonterra Energy Corp. (TSX:BNE) (Bonterra or the Company) is pleased to announce its operating and financial results for the fourth quarter and year ended December 31, 2013. The related financial statements and notes, as well as management's discussion and analysis (MD&A) for the year ended December 31, 2013, are available on the System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com and on Bonterra's website at [Read more]
Twin Butte Energy Announces 2013 Year End Financial and Operating Results
CALGARY, March 20, 2014 /CNW/ - (TSX: TBE) - Twin Butte Energy Ltd. ("Twin Butte" or the "Company") is pleased to report financial and operational results for the three and twelve months ended December 31, 2013, along with year-end reserves and an operational update for first quarter 2014 activity. During 2013 Twin Butte continued to enhance its asset base with the acquisition of Black Shire Energy Inc. ("Black Shire") which added a new, medium oil operating area and commenced its transition [Read more]
Cenovus receives approval for Grand Rapids oil sands project
Production capacity expected to reach 180,000 bbls/d CALGARY, March 20, 2014 /CNW/ - Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) has received approval from the Alberta Energy Regulator (AER) for its 100%-owned Grand Rapids thermal oil sands project. The proposed project is located approximately 300 kilometres north of Edmonton, within the company's Greater Pelican Region in northern Alberta. Grand Rapids is expected to have production capacity of 180,000 barrels per day (bbls/d) and be [Read more]
Altima Announces the Grant of Stock Options
VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 20, 2014) - Altima Resources Ltd. (TSX VENTURE:ARH)(FRANKFURT:AKC)(PINKSHEETS:ARSLF) announces the grant, pursuant to a Fixed Stock Option Plan (the "Fixed Plan"), of options entitling eligible participants to purchase up to 5,450,000 common shares at an exercise price of $0.07 per share for a five year term expiring March 19, 2019. Under the Fixed Plan, the Company has reserved 19,500,000 common shares for issuance, 12,000,000 of which are [Read more]
Saskatchewan First Nation takes full control of land, resource monies
REGINA - A Saskatchewan First Nation has signed on to take full control of its land and resource money. Kawacatoose First Nation signed the First Nations Oil and Gas and Moneys Management Act in Regina today. Bernard Valcourt, the federal Minister for Aboriginal Affairs and Northern Development, says Kawacatoose will receive funds directly from natural resource development. Before signing on, any money earned from mineral rights on the First Nation land was held in trust by the federal [Read more]