ZURICH--(BUSINESS WIRE)--Octagon 88 Resources Inc. (OCTX) or “the Company” is pleased to announce that a private placement subscription agreement has been accepted and closed by an established Swiss based fund as the subscriber in the amount of $750'000 USD. The subscriber has agreed to purchase 136'364 units of the Company’s common stock at a price of $5.50 per unit, each unit consisting of one share of common stock and one share purchase warrant, entitling the holder to purchase one additional [Read more]
News
New Brunswick premier vows to press ahead with shale gas despite protests
FREDERICTON - New Brunswick Premier David Alward used his final state of the province address before the next election to urge the public to support the development of a shale gas industry. Alward said his Progressive Conservative government will push ahead to help create a shale gas sector, adding that the cost of not moving forward is too great. "To not take advantage of this opportunity would be one of the most irresponsible things a government could do," Alward told a business audience [Read more]
Canadian Oil Sands Announces 2013 Financial Results and a $0.35 per Share Dividend
CALGARY, ALBERTA--(Marketwired - Jan. 30, 2014) - Canadian Oil Sands Limited (TSX:COS)(OTCQX:COSWF) - All financial figures are unaudited and in Canadian dollars unless otherwise noted. Highlights for the three months and year ended December 31, 2013: Cash flow from operations was $392 million ($0.81 per Share) in the fourth quarter of 2013 compared with cash flow from operations of $418 million ($0.86 per Share) in the same quarter of 2012. For the 2013 year, cash flow from operations [Read more]
BlackPearl Announces 2013 Year-End Reserves and Contingent Resource Estimates and Provides Production Update
CALGARY, ALBERTA--(Marketwired - Jan. 30, 2014) - BlackPearl Resources Inc. ("BlackPearl" or the "Company") (TSX:PXX)(OMX:PXXS) is pleased to announce the results of its 2013 year-end oil and gas reserves evaluation, contingent resource evaluation and to provide an operations update on the Company's current activities. Highlights include: 302% increase in proved reserves to 64 million barrels of oil equivalent; the increase was primarily attributable to the initial recognition of reserves [Read more]
NEB Recommends Approving Enbridge’s Edmonton to Hardisty Pipeline Project
CALGARY, Jan. 30, 2014 /CNW/ - The National Energy Board (NEB or Board) today released its report recommending that the federal government approve the Enbridge Pipelines Inc.'s (Enbridge) Edmonton to Hardisty Pipeline Project (Project). The Project includes the construction and operation of a new crude oil pipeline, approximately 182 km in length, from its existing Edmonton Terminal, near Edmonton, AB to its existing Hardisty Terminal, near Hardisty, AB. A public hearing was held as part of [Read more]
Feds ask National Energy Board, Competition Bureau, to study propane price jumps
OTTAWA - The federal government is calling for an investigation of a propane supply crisis that has seen prices for the fuel more than double since the fall. Natural Resources Minister Joe Oliver says he will ask the National Energy Board and Competition Bureau to review the price increases and propane shortages that have affected rural areas mainly in eastern Ontario and western Quebec. Earlier this week, Ontario Energy Minister Bob Chiarelli pleaded with Oliver to hold a teleconference [Read more]
Canadian dollar will fall to 87 cents this year, says BMO Economics
TORONTO - Watch for the Canadian dollar to lose more of its shine this year, cautioned a report Thursday by the Bank of Montreal. BMO Senior economist Benjamin Reitzes says a variety of factors, from an increasingly dovish tone from the Bank of Canada and further tapering action from the U.S. Federal Reserve, will continue to drag down the loonie. "Look for the loonie to weaken to C$1.15 (87 U.S. cents) around mid-year or perhaps sooner, given the speed of the recent depreciation," he [Read more]
Altima Enters Into Participation Agreement for Rework and Re-Completion of 3-17-41-11 W5M Well at Chambers-Ferrier, Alberta
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan. 30, 2014) - Altima Resources Ltd. (TSX VENTURE:ARH) (FRANKFURT:AKC) (PINKSHEETS:ARSLF) announces that it has entered into a Participation Agreement with Acumen Energy Partners Inc. ("Acumen"), pursuant to which Acumen has been granted the right to earn a 20% working interest (the "Working Interest") in the 3-17-41-11 W5M well (the "Well") and section 17-41-11 W5M (the "Lands") located in the Chambers-Ferrier area of the Western Canada Sedimentary [Read more]
Imperial Oil announces estimated fourth quarter financial and operating results
CALGARY, Jan. 30, 2014 /CNW/ - Fourth quarter Twelve months (millions of dollars, unless noted) 2013 2012 % 2013 2012 % Net income (U.S. GAAP) 1,056 1,076 (2) 2,828 3,766 (25) Net income per common share - assuming dilution (dollars) 1.24 1.26 (2) 3.32 4.42 (25) Capital and exploration [Read more]
Crocotta Energy Provides 2014 Guidance
CALGARY, ALBERTA--(Marketwired - Jan. 30, 2014) - Crocotta Energy Inc. ("Crocotta" or the "Company") (TSX:CTA) is pleased to announce 2014 Guidance. CAPITAL PROGRAM AND GUIDANCE Crocotta has approved a budget that entails spending approximately $110 million in 2014 with the focus on Cardium oil at Edson, Bluesky liquids-rich gas at Edson, and Montney liquids-rich gas at Dawson. The budget will be spent approximately 45% in the first half of the year and 55% in the second half and be [Read more]