CALGARY, ALBERTA--(Marketwired - Nov. 25, 2013) - NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Birchcliff Energy Ltd. ("Birchcliff") (TSX:BIR) is pleased to announce the closing of its $59 million disposition of its non-core Progress Doe Creek Assets. The sale transaction included approximately 520 boe per day of light oil production, 2.7 million boe of proved reserves and 4.5 million boe of proved plus probable reserves. The [Read more]
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Strategic Oil & Gas Ltd. Announces Executive Changes
CALGARY, ALBERTA--(Marketwired - Nov. 25, 2013) - Strategic Oil & Gas Ltd. ("Strategic" or the "Corporation") (TSX VENTURE:SOG) announces the following executive changes: Michael A. Zuk has joined Strategic Oil & Gas Ltd. as Vice-President, Business Development. Mr. Zuk has over 7 years of experience in sell-side capital markets, most recently as a publishing research analyst at Stifel Nicolaus covering small and large cap oil and gas producers. Mr. Zuk holds a Bachelor of [Read more]
Iran nuke deal could push oil prices lower
NEW YORK - World oil prices could be headed lower after the preliminary nuclear deal between Western nations and Iran, even though the deal does not loosen sanctions on Iran's oil exports.In the short term, the deal may make it easier for Iran to sell the oil it is already allowed to sell under the sanctions, which would increase supplies on the world market. And the newfound co-operation between Iran and the West eases tensions that pushed oil prices higher in recent years.But the deal, [Read more]
Nordic Oil and Gas Announces 2013 Q3 and Nine Month Financial Results. Company also Announces New Flow-Through Offering
WINNIPEG, MB and CALGARY, ALBERTA. (NOVEMBER 22, 2013) – Donald Benson, President and CEO of Nordic Oil and Gas Ltd. (“Nordic”), (TSXV: NOG), and Leonard Van Betuw, President and CEO of Quattro Exploration And Production Ltd. ("Quattro”), (TSXV: QXP), are pleased to announce that the companies have entered into an agreement which will see Nordic acquire an 80% interest in 1,179 hectares of land from Quattro in the Noel area of B.C., northwest of Tumbler Ridge, adjacent to the Alberta border [Read more]
Oil’s economic clout drives pipeline approval
OTTAWA - A new poll suggests a broad cross-section of Canadians see the oil and gas sector as vitally important to the national economy, an attitude that in turn appears to be driving up support for pipeline construction.Almost nine out of 10 respondents to the Harris-Decima poll, 87 per cent, said they believe oil and gas development is economically important, while a clear majority — 53 per cent — ranked the sector as the most important in Canada.The telephone poll of just over 1,000 [Read more]
Madalena Announces Closing of Private Placement for $3,000,000
/THIS NEWS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR TO ANY UNITED STATES NEWS SERVICES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW./ TSXV Trading Symbol: MVN CALGARY, Nov. 21, 2013 /CNW/ - Madalena Energy Inc. (the "Madalena" or the "Company") (TSXV: MVN) is pleased to announce that it has closed its previously announced private placement ("Private Placement") financing for aggregate gross proceeds of $3.0 million through the [Read more]
Marquee Energy Ltd. provides update on transaction with Sonde Resources and announces third quarter results
CALGARY, Nov. 21, 2013 /CNW/ - Marquee Energy Ltd. ("Marquee" or the "Company") (TSXV: "MQL") is pleased to provide an update on its transaction with Sonde Resources and announce its third quarter 2013 operating and financial results. The Company's financial statements and management's discussion and analysis for the third quarter of 2013 are available on SEDAR at www.sedar.com and on Marquee's website at www.marquee-energy.com. SONDE TRANSACTION Marquee Energy Ltd. and Sonde Resources Corp. [Read more]
Seven Generations Energy Ltd. updates independent reserves estimates
CALGARY, Nov. 21, 2013 /CNW/ - Seven Generations Energy Ltd. (the "Company") is pleased to announce that it has commissioned McDaniel and Associates Ltd. ("McDaniel") to conduct a review of the Company's reserves effective October 31, 2013. McDaniel identified 840.1 Bscf and 144.4 MMBbls (condensate & NGL) in the Total Proved plus Probable category with a combined total, pre-tax, net present value ("NPV"), discounted at 10 percent, of approximately $2.9 billion. These volumes are up from [Read more]
Raging River Exploration Inc. Announces Closing of Both $105 Million Dodsland Viking Acquisition and Expanded $225 Million Credit Facilities
CALGARY, ALBERTA--(Marketwired - Nov. 21, 2013) - Raging River Exploration Inc. ("Raging River" or the "Company") (TSX:RRX) is pleased to announce that the Company has closed its previously announced acquisition of focused, high working interest, operated producing oil and gas assets (the "Property Acquisition") in southwest Saskatchewan from a senior energy producer. The Property Acquisition adds significant reserves, production and undeveloped land in our core Dodsland [Read more]
Buffett Increases His Oil Sands Stake With $3.45 Billion Exxon Mobil Investment
CALGARY, ALBERTA--(Marketwired - Nov. 21, 2013) - Strata Oil & Gas Inc. (OTCQB:SOIGF)(OTCBB:SOIGF) It has now been revealed that Warren Buffett's oil sands exposure has increased again, with his 40.1 million share purchase of Exxon Mobil, one of the world's leading producers and a major player in Alberta's enormous bitumen play through its 70% stake in Imperial Oil. This is Buffett's second recent high-profile oil investment, the first being in June when Berkshire Hathaway [Read more]