CALGARY - A group fighting TransCanada Corp.'s proposed Energy East pipeline says a new National Energy Board safety audit underscores its concerns. The Council of Canadians says the problems flagged by the audit should have Canadians worried, considering TransCanada wants to build the country's biggest pipeline. Mark Calzavara, the council's Ontario regional organizer, says TransCanada is not a company that inspires confidence, given its track record. The NEB audit, released Monday, [Read more]
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Terra Energy Increases Private Placement to $2 Million of Units and Flow-Through Shares
CALGARY, ALBERTA--(Marketwired - Feb. 25, 2014) - Terra Energy Corp. ("Terra" or the "Company") (TSX:TT) is pleased to announce that due to strong demand, the Company has increased the size of the recently announced non-brokered private placement offering from $1.25 million to $2 million of units of the Company ("Units") and common shares of the Company to be issued on a "flow-through" basis ("Flow-Through Shares"), at a price of $0.40 per Unit and $0.40 per Flow-Through Share, resulting in the [Read more]
Octagon 88 Resources Provides Shareholders With Confirmation Of the Bluesky Gething Drilling Program
ZUG, Switzerland--(BUSINESS WIRE)--Octagon 88 Resources Inc. (OCTX) or “the Company” is pleased to announce that the high resolution 3D seismic program has been successfully completed and processed on the Bluesky Gething formation. Findings confirmed that the Bluesky Gething channels possess five targeted sweet spots which will now be exploited by way of primary production recovery methods used by neighboring Companies such as Baytex and Pennwest. Octagon 88 Resources will receive [Read more]
BlackPearl Announces $70 Million Bought Deal Equity Offering, $10 Million Private Placement of Common Shares and Expansion of Its Credit Facilities to $150 Million
CALGARY, ALBERTA--(Marketwired - Feb. 25, 2014) - BlackPearl Resources Inc. ("BlackPearl" or the "Company") (TSX:PXX)(OMX:PXXS) is pleased to announce that it has entered into an agreement with a syndicate of underwriters led by FirstEnergy Capital Corp. (together, the "Underwriters") under which they have agreed to purchase for resale to the public, on a bought deal basis, 26,500,000 common shares of BlackPearl ("Common Shares") at $2.65 per share for aggregate gross proceeds of $70,225,000. [Read more]
Quattro Continues Strong Advances on Its Business Plan and Provides 2014 Guidance and Operational Update
CALGARY, ALBERTA--(Marketwired - Feb. 25, 2014) - Quattro Exploration And Production Ltd. (TSX VENTURE:QXP) ("Quattro" or the "Company") is pleased to provide guidance on its current operations. The Company continues with the integration of the asset acquisitions completed in 2013 and is tracking towards its projected average production rate of 1,250 boepd in the 1st quarter of 2014. The production gains are anticipated to be achieved through a combination of remediation work and consolidation [Read more]
Questfire Energy Corp. Announces Changes to Board of Directors
CALGARY, ALBERTA--(Marketwired - Feb. 24, 2014) - NOT FOR DISSEMINATION IN THE UNITED STATES OR TO U.S. PERSONS Questfire Energy Corp. (the "Corporation" or "Questfire") (TSX VENTURE:Q.A)(TSX VENTURE:Q.B) regretfully announces the passing of Kelly Drader, a director of the Corporation. Mr. Drader had been a director since June of 2013 and was Chairman of the Audit Committee. Questfire's board of directors now consists of five directors. Questfire appointed [Read more]
Artisan Energy Announces Brokered Short Form Prospectus Financing and Corporate Update
CALGARY, ALBERTA--(Marketwired - Feb. 24, 2014) - Artisan Energy Corporation ("Artisan" or the "Corporation") (TSX VENTURE:AEC) announces the following corporate activities: Brokered Financing Artisan is pleased to announce that it has obtained a receipt for a preliminary short form prospectus (the "Preliminary Prospectus") in connection with a public offering ("the Offering"), on a commercially reasonable efforts basis, of common shares in the capital of the Corporation (the "Common Shares") [Read more]
NEB Releases Final Audit Report into TransCanada Pipelines Integrity Management Program
CALGARY, Feb. 24, 2014 /CNW/ - The National Energy Board (NEB or the Board) today released its final report detailing its audit of TransCanada PipeLines Limited's (TransCanada) Integrity Management Program. The Board finds that TransCanada has identified the majority, and most significant, of its hazards and risks, however there are areas where the company was found to be out of compliance. TransCanada will be required to submit a corrective action plan for Board approval within 30 days of this [Read more]
U.S. government: Nebraska court decision won’t slow down Keystone process
WASHINGTON - The U.S. government appears to be proceeding at full speed with its review of the Keystone XL pipeline. There are indications that a recent Nebraska court ruling won't delay the federal regulatory process. State governors leaving a meeting with President Barack Obama say he told them to expect a final decision within a few months. And the State Department says the federal process is continuing despite the court ruling. The court threw out a law that gave the governor the [Read more]
Tuscany Energy Ltd. Announces Granting of Share Options
CALGARY, ALBERTA--(Marketwired - Feb. 24, 2014) - Tuscany Energy Ltd. (TSX VENTURE:TUS) announced today that its Board of Directors has approved the issuance of options to purchase 1,250,000 common shares of the Corporation at a price of $0.37 per share, exercisable until February 23, 2019. The options are being issued to directors, officers, employees and consultants of the Corporation in accordance with Tuscany's Share Option Plan which was reapproved by the Company's shareholders at the [Read more]