CALGARY, ALBERTA--(Marketwired - Dec. 2, 2013) - Zargon Oil & Gas Ltd. (TSX:ZAR)(TSX:ZAR.DB) ("Zargon") has closed an additional $12.0 million of dispositions in two separate transactions since our November 13, 2013 press release. Production from these properties totaled approximately 240 barrels of oil per day and 0.50 million cubic feet of natural gas per day. The oil properties are located in the Grand Forks area of southern Alberta, and the natural gas properties are located in the Peace [Read more]
News
Canadian Spirit Resources Inc. Announces Private Placements
CALGARY, ALBERTA--(Marketwired - Dec. 2, 2013) - Canadian Spirit Resources Inc. (TSX VENTURE:SPI)(OTCBB:CSPUF) ("CSRI" or the "Corporation") announces that it is proposing to undertake, subject to TSX Venture Exchange approval, two concurrent non-brokered private placements. One placement will be up to 13.3 million units ("Units") at a price of $0.30 per Unit for total gross proceeds of up to $4.0 million. Each Unit will consist of one common share of the Corporation and one-half of one common [Read more]
Fix First Nations relations, biz forum hears
LAKE LOUISE, Alta. - Governments and industry must fix their relationships with First Nations communities if large-scale energy projects are to move forward in Canada, speakers at a business forum in Lake Louise, Alta., said Friday.The warnings, from both First Nations and industry leaders, came as regulators are expected to rule within weeks on a the contentious Northern Gateway pipeline proposal by Enbridge Inc. (TSX:ENB)Miles Richardson, former president of the Haida Nation in northwestern [Read more]
Novus Energy Inc. announces third quarter 2013 results
/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE U.S./ CALGARY, Nov. 29, 2013 /CNW/ - Novus Energy Inc. ("Novus" or the "Company") (TSXV: NVS) announces that it has filed its unaudited condensed interim financial statements and management's discussion and analysis ("MD&A") as at and for the three and nine months ended September 30, 2013. These may be accessed through the SEDAR website www.sedar.com under the Company's profile and at the Company's website [Read more]
TransCanada chief lambastes pipeline foes
LAKE LOUISE, Alta. - The CEO of pipeline giant TransCanada Corp. (TSX:TRP) says environmental groups have cast the Keystone XL pipeline debate as a referendum on U.S. President Barack Obama's green credentials.Russ Girling says in his view, framing the argument that way is unfair.He says environmental activists have also "concocted a story" that the oilsands are the largest carbon bomb on Earth and that the $5.4-billion pipeline would amount to a fuse.Girling joked that he's even had to assure [Read more]
Manitok Energy Inc. Announces Financial Results for the Third Quarter of 2013
Manitok Energy Inc. (the "Corporation" or "Manitok") (TSX VENTURE:MEI) announces its financial and operating results for the third quarter of 2013. The full text of Manitok's third quarter report containing its unaudited condensed interim financial statements as at and for the three and nine months ended September 30, 2013 and the related management's discussion and analysis will be available electronically on Manitok's profile on the System for Electronic Document Analysis and Retrieval [Read more]
Tuscany Announces Record Production and Revenues for Q3 2013
CALGARY, ALBERTA--(Marketwired - Nov. 29, 2013) - Tuscany Energy Ltd. (TSX VENTURE:TUS). Tuscany is pleased to report that its revenue for Q3 2013 totaled a record $3.7 million, compared with $1.6 million for the same period in 2012. Cash flow from operations for the quarter totaled $1.5 million. This was the seconded highest quarterly cash flow in the Company's history and up from the $244,000 reported in Q3 2012. Tuscany's production for the third quarter of 2013 averaged 613 BOEd compared [Read more]
Suncor announces resignation of Chief Financial Officer
CALGARY, ALBERTA--(Marketwired - Nov. 29, 2013) - Suncor Energy today announced the resignation of chief financial officer, Bart Demosky, who is leaving his position to pursue an opportunity in another industry. Mr. Demosky's resignation is effective December 27, 2013. "Bart's contributions to our company will be missed," said Steve Williams, president and chief executive officer. "We appreciate his efforts on behalf of Suncor and wish him well as he embarks on this next stage in his [Read more]
Ironhorse Announces Closing of Asset Sale and Results Of Annual General Meeting
CALGARY, Nov. 28, 2013 /CNW/ - Ironhorse Oil & Gas Inc. ("Ironhorse" or the "Company") (TSX-V: IOG) announces the following: Ironhorse is pleased to announce that on November 27, 2013 Ironhorse completed the sale of its interest in the Leon Lake area of Saskatchewan for proceeds of $7.2 million dollars. Proceeds were used to repay the outstanding bank debt of $3.4. Remaining funds of approximately $3.8 million will be used to fund capital expenditures required to complete the final [Read more]
Tilbury LNG Facility expansion and natural gas for transportation boosted by government announcement
FortisBC transportation and natural gas customers benefit from changes SURREY, BC, Nov. 28, 2013 /CNW/ - FortisBC, a subsidiary of Fortis Inc. (TSX: FTS) commends the B.C. government for changes announced today that will help to increase FortisBC's ability to rapidly and cost-effectively supply liquefied natural gas (LNG) to the B.C. marketplace. The changes include updates to the greenhouse gas reduction regulation and directions to the BC Utilities Commission (BCUC), including the exemption of [Read more]