BANGKOK - Oil consolidated at a six-month low Thursday after U.S. crude stockpiles rose for a tenth straight week.Benchmark U.S. crude for January delivery was down 10 cents at US$92.20 a barrel at early afternoon Bangkok time in electronic trading on the New York Mercantile Exchange. The contract fell $1.38 to close Wednesday at $92.30.Oil has declined from about $110 in September due to a muted outlook for demand, high supplies and reduced tensions in the oil-rich Middle East.The Energy [Read more]
News
Contact Announces Interim Filings and Land Acquisitions
CALGARY, ALBERTA--(Marketwired - Nov. 27, 2013) - Contact Exploration Inc. ("Contact" or the "Company") (TSX VENTURE:CEX) is pleased to announce that it has today filed its condensed interim consolidated financial statements for the three and six month periods ended September 30, 2013 and the related management's discussion and analysis on the Company's profile on the System for Electronic Document Analysis and Retrieval website at www.sedar.com. Contact also announces that it has now [Read more]
Pinecrest Energy Inc. announces its 2013 third quarter results
TSX Venture Exchange: PRY CALGARY, Nov. 27, 2013 /CNW/ - Pinecrest Energy Inc. ("Pinecrest" or the "Company") announces that it has filed on SEDAR its unaudited financial statements and related Management's Discussion and Analysis ("MD&A") for the three and nine months ended September 30, 2013. The statements will be available for review at www.sedar.com or www.pinecrestenergy.com. THIRD QUARTER 2013 HIGHLIGHTS The following update highlights operational matters undertaken by Pinecrest [Read more]
Bonterra faces possible tax bill of $25M
CALGARY - Bonterra Energy Corp. (TSX:BNE) is facing a possible tax reassessment that could result in the oil and gas producer owing as much as $25 million.Bonterra said Wednesday that it has been notified by the Canada Revenue Agency of the possible reassessment of taxation years since Nov. 18, 2008, when the company converted from an income trust to a corporation."If such reassessments are issued and maintained on appeal, Bonterra will owe total cash taxes of approximately $25 million for the [Read more]
Bonterra Energy Corp. Announces Receipt of CRA Proposal to Reassess
CALGARY, ALBERTA--(Marketwired - Nov. 27, 2013) - NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA Bonterra Energy Corp. (Bonterra) (www.bonterraenergy.com) (TSX:BNE) has been notified by the Canada Revenue Agency (CRA) that Bonterra's taxation years, since the November 18, 2008 conversion of Bonterra Energy Income Trust to a corporation, may be reassessed to eliminate certain tax pools. If such reassessments are issued [Read more]
MARKETING MACHINES! Feds spend $40M pitching natural resources
OTTAWA - The Conservative government is spending $40 million this year to advertise Canada's natural resource sector — principally oil and gas — at home and abroad.Natural Resources Minister Joe Oliver revealed the figure Wednesday as his department seeks another $12.9 million to augment an international campaign designed to portray Canada as a stable and environmentally responsible source of energy.That will bring NRCan's 2013-14 ad budget to about $40 million — $24 million for advertising [Read more]
Canadian Spirit Resources Inc. Announces Third Quarter 2013 Financial Results
CALGARY, ALBERTA--(Marketwired - Nov. 27, 2013) - Canadian Spirit Resources Inc. ("CSRI" or the "Corporation") (TSX VENTURE:SPI)(OTCBB:CSPUF) announces the release of its interim financial results and Management Discussion and Analysis ("MD&A") for the three and nine month periods ended September 30, 2013. This news release summarizes information contained in the unaudited interim condensed financial statements and MD&A for the three and nine month periods ended September 30, [Read more]
National Energy Board Responds to Gas Pipeline Rupture Southeast of Boyle, AB
CALGARY, Nov. 27, 2013 /CNW/ - The National Energy Board (NEB or Board) is responding to a pipeline rupture on the Nova Gas Transmission Ltd (NGTL) pipeline system approximately 14 kilometres southeast of Boyle, AB owned and operated by TransCanada Pipelines Ltd (TransCanada). The release was reported to the NEB late this morning. The size of the release has yet to be determined by the NEB. There is no immediate safety concern for local residents and precautions are being taken to ensure [Read more]
Anterra Energy Announces Q3-2013 Results
CALGARY, ALBERTA--(Marketwired - Nov. 27, 2013) - Anterra Energy Inc. (TSX VENTURE:AE.A)(OTCQX:ATERF) ("Anterra" or the "Company") is pleased to announce financial and operating results for the three and nine months ended September 30, 2013. Selected information as outlined below should be read in conjunction with the Company's unaudited consolidated financial statements and related management discussion and analysis available on SEDAR at www.sedar.com or the Company's website at [Read more]
U.S. ambassador, TransCanada president say ‘no thanks’ to Keystone XL opponents
WASHINGTON - Key Canadian representatives have turned down invitations to address a Washington summit organized by an environmental group leading the fight against the Keystone pipeline. U.S. ambassador Gary Doer and Russ Girling, president of TransCanada Corp., were issued written invites a few days before the planned event, called "Can Keystone Pass the President's Climate Test?" The Dec. 2 gathering at Georgetown University will include research on whether the proposed pipeline would [Read more]