CALGARY, Nov. 4, 2013 /CNW/ - (TSXV:TOL) TriOil Resources Ltd. ("TriOil" or the "Company") is pleased to provide an operations update on the Company's Montney, Cardium and Dunvegan programs. Montney Operations TriOil recently completed and brought on production its second horizontal Montney well. Over its initial 5 days of production, this well has produced at an average rate of approximately 950 BOE/d (51 percent NGLs) TriOil owns a 61% working interest in this well and plans to drill 2 to 3 [Read more]
News
Montana Exploration Corp. and Waldron Energy Corporation Announce Agreement to Extend Outside Date for Arrangement
CALGARY, ALBERTA--(Marketwired - Nov. 4, 2013) - Montana Exploration Corp. ("Montana") (TSX VENTURE:MTZ) and Waldron Energy Corporation ("Waldron") (TSX:WDN) announce that the outside date for the closing of the previously announced arrangement between Waldron, its security holders and Montana (the "Arrangement") has been extended to December 1, 2013, subject to closing of the private placement described below. From November 1, 2013 to and including November 15, 2013 Waldron would continue to be [Read more]
Laricina Energy Reports Third Quarter 2013 Results
2013 continues to be an important year for Laricina with significant progress made at both Germain and Saleski. Steam injection and a staged conversion to production at the Germain Commercial Demonstration Project (CDP) continued throughout the third quarter. Our first three wells converted to production after three months of steaming and we expect bitumen production from these wells in the fourth quarter. The Saleski pilot continues to provide the blueprint for Grosmont carbonate [Read more]
RMP Energy Announces Closing of Asset Purchase
CALGARY, ALBERTA--(Marketwired - Nov. 1, 2013) - RMP Energy Inc. ("RMP" or the "Company") (TSX:RMP) is pleased to announce today that the Company has closed the previously-announced purchase of complementary Montney light oil assets located in its core areas of Ante Creek and Waskahigan in West Central Alberta for total cash consideration of approximately $38.0 million. RMP now holds a total of 106 sections (105.15 net) of land at Ante Creek, Waskahigan and Grizzly, wherein the Company has [Read more]
Pembina Pipeline Corporation reports another solid quarter of financial and operating results
Pembina secures financing to fund growth and announces plans to further expand pipeline capacity All financial figures are in Canadian dollars unless noted otherwise. This report contains forward-looking statements and information that are based on Pembina Pipeline Corporation's ("Pembina" or the "Company") current expectations, estimates, projections and assumptions in light of its experience and its perception of historic trends. Actual results may differ materially from those expressed or [Read more]
MEG Energy announces pricing of an offering of additional 7.0% Senior Notes due 2024
CALGARY, Nov. 1, 2013 /CNW/ - MEG Energy Corp. announced today that it has priced, at 101.0 percent of par to yield 6.83%, an offering of an additional US $200 million in aggregate principal amount of 7.0% senior notes due March 31, 2024 (the "New Notes"). The New Notes are being offered as additional notes under the indenture, dated as of October 1, 2013, among MEG, MEG Energy (U.S.) Inc. and Wilmington Trust, National Association, as trustee, pursuant to which MEG previously issued a total of [Read more]
Oil truck leaks crude on Alberta highway; police say driver forget to shut valve
KITSCOTY, Alta. - RCMP say a number of vehicles were covered with oil and needed a cleaning after a tanker truck leaked crude on an east-central Alberta highway.Mounties say the oil truck was leaking for about an 11-kilometre stretch on the Yellowhead Highway near Kitscoty.They say it appears the driver had failed to properly close a valve on the tanker.There were no collisions or injuries reported, although police say the amount of oil leaked in some areas was significant.Charges have been laid [Read more]
Police-car-burning shale gas protesters in New Brunswick being mistreated, lawyer says
MONCTON, N.B. - A lawyer representing shale gas protesters who were arrested at a demonstration near Rexton, N.B., two weeks ago says they have been poorly treated by police and the justice system.Alison Menard says some of the people still in custody have not been able to access their legal counsel or get personal hygiene products.The province's Justice Department could not be immediately reached.Menard and many of the protesters gathered on the steps of a courthouse in Moncton today to express [Read more]
International Frontier Resources Awarded 100% of 163,124-Acre License Area in the Tulita District south of Norman Wells
CALGARY, ALBERTA--(Marketwired - Nov. 1, 2013) - Central Mackenzie Valley ("CMV"), NWT - International Frontier Resources Corporation - TSX:IFR ("IFR" or the "Company") is pleased to announce that on October 31, 2013 the Minister of Indian and Northern Development Canada awarded IFR Exploration License 495 located in the Tulita area south of Norman Wells. The license covers an area of approximately 163,124 acres and has an initial term of five years commencing on March 16th, 2014 and expiring on [Read more]
Oil extends drop toward $96 a barrel
LONDON - The price of oil continued to fall on Friday as concerns over high supplies offset a report showing China's power-hungry manufacturing sector is strengthening.Benchmark U.S. crude for December delivery was down 14 cents at $96.24 a barrel by late morning in Europe in electronic trading on the New York Mercantile Exchange. The contract fell 39 cents on Thursday, leaving it down 5.8 per cent for the month of October.Ample supplies of crude have weighed on the price in recent weeks. The [Read more]