LITTLE BUFFALO, Alta. - A dispute between the Lubicon First Nation and a Calgary oil company over access to land is heating up in northern Alberta. The Lubicons, who have been blocking an access road to a PennWest Exploration (TSX:PWT) drilling site since late November, are warning four other energy companies they may face similar action.PennWest says it will ask a Calgary judge today for an injunction forcing the protesters to open the road.The Lubicon First Nation has already asked for an [Read more]
News
Twin Butte Energy Ltd. announces closing of $85 million bought deal convertible debenture offering
/NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR DISSEMINATION IN THE UNITED STATES/ CALGARY, Dec. 13, 2013 /CNW/ - Twin Butte Energy Ltd. (TSX: TBE) ("Twin Butte") is pleased to announce that it has closed its previously announced offering (the "Offering") of $85 million aggregate principal amount of 6.25% convertible unsecured subordinated debentures of Twin Butte, due December 31, 2018 (the "Debentures") at a price of $1,000 per Debenture. The Offering was completed through a syndicate of [Read more]
Forent Announces $1.0 Million Flow-Through Financing; Chairman W. Brett Wilson Commits $250,000 to Financing
CALGARY, ALBERTA--(Marketwired - Dec. 13, 2013) - NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Forent Energy Ltd. ("Forent" or the "Company") (TSX VENTURE:FEN) announces that it plans to issue and sell on a non‐brokered private placement basis (the "Private Placement") up to 10,000,000 common shares of the Company to be issued on a flow‐through basis (the "Flow‐Through Shares") at a price of $0.10 per common [Read more]
Altima Enters Into Amending Agreement for the Drilling of the 05-35-41-11 W5M and the 09-35-41-11 W5M Wells to Be Drilled at Chambers-Ferrier, Alberta
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec. 13, 2013) - Altima Resources Ltd. (TSX VENTURE:ARH)(PINKSHEETS:ARSLF)(FRANKFURT:AKC) announces that it has entered into an Amending Agreement (the "Amending Agreement") to the Participation and Joint Venture Agreement (the "JV Agreement") with Whistler Oil and Gas Pty. Ltd. ("Whistler") (see News Release dated January 24, 2013). The JV Agreement provides that Whistler was granted the right to earn a 50% working interest (the "Working [Read more]
Baytex Announces 2014 Budget Targeting 6% Production Growth
CALGARY, ALBERTA--(Marketwired - Dec. 13, 2013) - Baytex Energy Corp. (TSX:BTE)(NYSE:BTE) ("Baytex") is pleased to announce that its Board of Directors has approved a 2014 capital budget of $485 million for exploration and development activities. This capital budget is designed to generate an average production rate of 60,000 to 62,000 boe/d. Commenting on the 2014 budget, James Bowzer, President and Chief Executive Officer, said: "This budget continues our focus on oil weighted [Read more]
Alexander Energy Ltd.: Early Warning
CALGARY, ALBERTA--(Marketwired - Dec. 12, 2013) - On December 10, 2013, Alexander Energy Ltd. ("Alexander" or the "Corporation") (TSX VENTURE:ALX) announced that it had closed the first tranche of its non-brokered unit private placement (the "Initial Private Placement"). Pursuant to the Initial Private Placement, the Corporation issued 119,735,183 units (the "Units") at a price of $0.15 per Unit for gross proceeds of $17,960,277.45. Each Unit is comprised of one common share ("Common Share") and [Read more]
Atikwa Resources Inc Provides Corporate Update and New Board Appointments
CALGARY, ALBERTA--(Marketwired - Dec. 12, 2013) - Atikwa Resources Inc. ("Atikwa" or the "Company") (TSX VENTURE:ATK) wishes to update shareholders on the progress management has made over the past three months and the appointment of three new members to the Board of the Company. The Company is pleased to announce the appointment of Steve May, Jim Garnett and Mike Stark to the Board of Atikwa Resources Inc. as of Dec. 12, 2013. The three new members to the Board were the same individuals [Read more]
Longview Announces 2014 Guidance
44% Increase in Capital Program Expected to Boost Oil Production by 12% Financed in Part by Dividend Reduction (TSX: LNV) CALGARY, Dec. 12, 2013 /CNW/ - Longview Oil Corp. ("Longview" or the "Company") is pleased to announce that the Board of Directors has approved the Company's capital expenditure budget and guidance for the year ending December 31, 2014 which includes a 44% increase in the capital expenditure program to $56 million. We anticipate this program will lead to a 20% increase in [Read more]
Renegade Petroleum Ltd. Files Circular for Special Shareholder Meeting – Urges Shareholders to Just Say NO to FrontFour
CALGARY, ALBERTA--(Marketwired - Dec. 12, 2013) - Renegade Petroleum Ltd. ("Renegade" or the "Company") (TSX VENTURE:RPL) filed its management information circular today for its special meeting to be held on Tuesday, January 28, 2014. The meeting will consider a demand by FrontFour Capital Group LLC and a related shareholder, collective holders of 5% of the common shares, to replace recently elected directors entirely with its own nominees. The circular lays out the [Read more]
Long Run Exploration Ltd. Announces an Increased Credit Facility, a Strategic Viking Light Oil Acquisition, November Production, Updated 2014 Guidance, Hedging Update, and an Executive Promotion
CALGARY, ALBERTA--(Marketwired - Dec. 12, 2013) - Long Run Exploration Ltd. (TSX:LRE) ("Long Run" or the "Company") is pleased to announce an increased borrowing base under the syndicated credit facility of $475 million. Long Run is also pleased to announce the closing of an acquisition that adds approximately 450 boe per day of strategic light oil Viking assets at Redwater for total consideration of approximately $45 million (the "Acquisition"). INCREASED CREDIT FACILITY Long Run's syndicate of [Read more]