CALGARY, ALBERTA--(Marketwired - March 12, 2014) - Talisman Energy Inc. (Talisman) (TSX:TLM) (NYSE:TLM) today announced the completion of the sale of approximately 127,000 net acres of its Montney position in northeast British Columbia to Progress Energy Canada Ltd. for a total cash consideration of C$1.5 billion. "We announced this transaction in November 2013, and its closure, coupled with other previously announced deals, means we have achieved over $2 billion in dispositions within 12 [Read more]
News
Progress Energy continues to build upon its leading Montney natural gas position with the completion of two acquisitions in northeast British Columbia
CALGARY, March 12, 2014 /CNW/ - Progress Energy Canada Ltd. (Progress Energy), a subsidiary of Petroliam Nasional Berhad (PETRONAS), has closed its previously announced agreement to acquire assets in northeast British Columbia from Talisman Energy Inc. (Talisman). In a second transaction, Progress Energy has also acquired Montney lands in the Julienne area of northeast British Columbia. "These two acquisitions continue to build upon our natural gas resource base in the North Montney. With the [Read more]
US gas boom: A tool against Russian coercion, but one that’s not yet ready to use
WASHINGTON - The United States, with its abundant supplies of natural gas, would seem to have an easy answer to Europe's fears that a strong response to Russia's rapid takeover of Ukraine's Crimea region could prompt Vladimir Putin to shut down gas lines that keep European homes warm, factories humming and electricity flowing.Trouble is: Right now there's no way to get meaningful American supplies across the Atlantic Ocean.Turning U.S. natural gas into liquefied natural gas (LNG), a process that [Read more]
Traverse Energy Ltd. Announces Completion of $11.5 Million Bought Deal Financing Including Exercise in Full of Over-Allotment Option
CALGARY, ALBERTA--(Marketwired - March 12, 2014) - Traverse Energy Ltd. ("Traverse" or the "Corporation") (TSX VENTURE:TVL) today announced that it has closed its previously announced bought deal financing of 14,375,000 common shares ("Common Shares") of the Corporation, which includes 1,875,000 Common Shares issued pursuant to the exercise in full of the over-allotment option, at a price of $0.80 per Common Share for aggregate gross proceeds of $11,500,000 (the "Financing"). The Financing [Read more]
Santonia Announces 2013 Fourth Quarter Summary and Year End Results
CALGARY, ALBERTA--(Marketwired - March 12, 2014) - Santonia (TSX:STE) is pleased to provide this summary of its financial and operating results for the 2013 year. A complete copy of the Company's consolidated financial statements for the years ended December 31, 2013 and 2012, along with management's discussion and analysis in respect thereof will be filed on SEDAR and is available on the Company's website at [Read more]
Crescent Point Energy Announces Year-End 2013 Results
CALGARY, ALBERTA--(Marketwired - March 12, 2014) - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX:CPG) (NYSE:CPG) is pleased to announce its operating and financial results for the year ended December 31, 2013. The Company also announces that its audited financial statements and management's discussion and analysis for the year ended December 31, 2013, will be available shortly on SEDAR at www.sedar.com, on EDGAR at www.sec.gov/edgar.shtml and on Crescent Point's website at [Read more]
Manitok Energy Inc. Announces Intention to Commence A Normal Course Issuer Bid
CALGARY, ALBERTA--(Marketwired - March 12, 2014) - Manitok Energy Inc. (the "Corporation" or "Manitok") (TSX VENTURE:MEI) announces that it intends to conduct a normal course issuer bid (the "Bid") to purchase for cancellation up to 6,777,286 common shares in the capital of Manitok ("Common Shares"), representing 10% of its Public Float (as such term is defined under the TSX Venture Exchange Corporate Finance Manual). Manitok plans to fund the Bid with its funds from operations and available [Read more]
Judge rules oilsands exploration on Saskatchewan First Nation is legal
DILLON, Sask. - A Court of Queen's Bench Justice has ruled against the Buffalo River Dene Nation in its attempt to halt oilsands exploration on what the band calls its traditional territory.The legal action was launched last summer after two exploration permits were issued to Scott Land and Lease.The First Nation believes granting the permits was a violation of treaty rights and says the policy of duty to consult was ignored.But Justice Grant M. Currie has ruled the issuing of exploration [Read more]
Spyglass Resources Corp. Announces 2013 Reserves, 2013 Full Year and Fourth Quarter Results, 2014 Guidance and March Monthly Dividend
CALGARY, ALBERTA--(Marketwired - March 11, 2014) - Spyglass Resources Corp. (TSX:SGL)(OTCQX:SGLRF) ("Spyglass", or the "Company") is pleased to announce annual financial and operating results for the year ended December 31, 2013. Selected financial and operational information for the full year and fourth quarter of 2013 is outlined below along with 2013 reserves evaluated in accordance with National Instrument 51-101 - Standards of Disclosure for Oil and Gas Activities ("NI 51-101") and should [Read more]
Oil falls near US$100 a barrel; analysts predict a rise in US stockpiles
The price of oil dropped near US$100 a barrel Tuesday on expectations that U.S. oil supplies rose last week.Benchmark West Texas Intermediate crude for April delivery dropped $1.09 to close at US$100.03 a barrel on the New York Mercantile Exchange, the lowest price in a month.Brent crude, used to set prices for international varieties, rose 47 cents to US$108.55 on the ICE Futures exchange in London.Investor expectations that the U.S. Energy Department will report an eighth straight weekly [Read more]