CALGARY, ALBERTA--(Marketwired - Feb. 5, 2014) - Loma Oil & Gas Ltd. ("Loma" or the "Company") (TSX VENTURE:LOG.H) is pleased to announce that it has completed the sale of its right, title and interest in Wainwright Unit No. 18 (the "Wainwright Unit") and certain other lands, leases and wells in the Wainwright area of Alberta (the "Non-Unit Assets") to an arm's length Alberta private company (the "Purchaser"). The disposition was completed in accordance with the terms of a definitive [Read more]
News
Oil gains; natural gas soars, then falls back
NEW YORK - The price of oil advanced slightly Wednesday as a report showed U.S. supplies rose less than expected last week. Natural gas rocketed to a new four-year high before plunging back near US$5 per 1,000 cubic feet on a continuation of recent volatility in that market. Benchmark West Texas Intermediate crude oil for March delivery rose 19 cents to US$97.38 a barrel on the New York Mercantile Exchange. Brent crude, a benchmark for international oil used by many U.S. refineries, gained [Read more]
New Brunswick energy customers told to brace for high natural gas prices
SAINT JOHN, N.B. - The New Brunswick Energy and Utilities Board is warning natural gas customers to prepare for high prices this month and possibly next. The board says natural gas prices reached record levels last month because of high prices in the New England market. It says the high prices are the result of demand in New England, where pipeline capacity is limiting the supply, driving up costs throughout the region. While there are plans to expand pipeline capacity to New England, [Read more]
Introducing BOE Report Jobs – Canada’s Source for Oil & Gas Jobs
Grobes Media Inc. is pleased to announce the launch of BOE Report Jobs. The site will be the new source for oil and gas jobs in western Canada. Featuring a very simple and easily navigable interface, Jobs.BOEReport.com will focus on oil and gas jobs specifically in western Canada. Job seekers can filter jobs by several categories and criteria including job type (full-time, part-time, contract...), location and sector (engineering, G&G, field operations...). Job seekers can also sign up [Read more]
Peyto Exploration & Development Corp. Announces Closing of $160 Million Equity Offering
CALGARY, ALBERTA--(Marketwired - Feb. 5, 2014) - Peyto Exploration & Development Corp. (the "Corporation") (TSX:PEY) is pleased to announce that it has closed its previously announced bought deal offering of common shares. Pursuant to the offering, the Corporation issued 4,720,000 common shares (including 300,000 common shares issued pursuant to the partial exercise of the over-allotment option granted to the underwriters) at a price of $34.00 per common share, for total gross proceeds of [Read more]
Alberta NDP leader calls increase in fracking ‘OUT OF CONTROL’
EDMONTON - Alberta New Democrats say newly released documents show fracking has become an unregulated free-for-all in the province with no regard for the impact on groundwater or on people's health. NDP Leader Brian Mason presented information Tuesday provided under freedom-of-information laws that shows the number of hydraulic fracturing licences granted by the province soared 647 per cent last year to 1,516. Mason said the amount of water allocated and used for fracking has increased [Read more]
Manitok Energy Inc. Announces Grant of Incentive Stock Options
CALGARY, ALBERTA--(Marketwired - Feb. 4, 2014) - Manitok Energy Inc. (the "Corporation") (TSX VENTURE:MEI) announces that its board of directors approved the granting of incentive stock options ("Options") under its stock option plan to certain of its directors, officers, employees and consultants to acquire up to an aggregate of 1,134,000 common shares ("Common Shares") of the Corporation. All of such Options are exercisable for a period of five years at a price of $2.40 per Common Share and [Read more]
Perpetual Energy Inc. Releases 2013 Year-End Reserves and Provides Operational Update, Commodity Price Risk Management Update and 2014 Capital Program Guidance
CALGARY, Feb. 4, 2014 /CNW/ - (TSX:PMT) - Perpetual Energy Inc. ("Perpetual", the "Corporation" or the "Company") is pleased to release a summary of the Company's year-end 2013 reserves as reported by the independent engineering firm McDaniel and Associates Consultants Ltd. ("McDaniel"). Overall, the results of Perpetual's capital investment program in 2013 were extremely positive, with reserve additions replacing production by close to 2.5 times. The majority of the 2013 reserve additions [Read more]
Long Run Exploration Ltd. Announces Changes to the Board of Directors and Appointment of Vice President, Business Development
CALGARY, ALBERTA--(Marketwired - Feb. 4, 2014) - Long Run Exploration Ltd. ("Long Run" or the "Corporation") (TSX:LRE) announces the resignation of Mr. Paul Dimitriadis from the Board of Directors effective immediately. Mr. Dimitriadis recently resigned from his position at Sprott Resource Corp., a significant investor in Long Run. On behalf of the Board of Directors and staff of Long Run, Bill Andrew, Chair and Chief Executive Officer, wishes to thank Mr. Dimitriadis for his valuable [Read more]
Keystone pipeline backed by coalition of Democrats, Republicans, labor, business
WASHINGTON - An unusual coalition that includes Republicans, Democrats, labour leaders, business leaders, veterans groups and Canada's ambassador to the United States joined forces Tuesday to push for quick approval of the Keystone XL pipeline. Five Democrats joined Republicans at a news conference to urge President Barack Obama to approve the pipeline following a State Department report last week that raised no major environmental objections. The $7 billion pipeline would carry oilsands [Read more]