CALGARY, ALBERTA--(Marketwired - Oct. 7, 2013) - Strategic Oil & Gas Ltd. (TSX VENTURE:SOG) ("Strategic" or the "Company") is pleased to announce that it has completed its previously announced bought deal financing (the "Offering"). Pursuant to the Offering, the Company has issued 12,650,000 common shares (the "Common Shares") at a price of $0.95 per Common Share and 15,454,545 common shares issued on a "flow-through" basis pursuant to the Income Tax Act (Canada) (the "Flow-Through Shares") at a [Read more]
News
Oil falls below US$103 a barrel as Gulf storm passes, US debt deadline nears
The price of oil fell below US$103 a barrel Monday as a partial U.S. government shutdown entered a second week and crude production in the Gulf of Mexico got back on track after a storm system passed through. By early afternoon in Europe, benchmark crude for November delivery was down $1.03 to US$102.81 a barrel in electronic trading on the New York Mercantile Exchange. The contact rose 53 cents to close at $103.84 on the Nymex on Friday. The U.S. was forced to curtail government [Read more]
After First Nations band accuses BC Govt of violating international law by issuing Enbridge permits, United Nations shows up to investigate!
After releasing the press release "First Nations Accuse BC Government of Violating International Law by Issuing Enbridge Permits; Call on United Nations Special Rapporteur to Investigate", a UN representative actually arrived in Canada to examine the plight of the aboriginal people in Canada. The UN has dispatched law professor James Anaya to speak to First Nations representatives and government officials as he drafts a report for the world body. "The idea is to get a first-hand view of [Read more]
Paramount Resources Ltd. Announces Flow-Through Share Offerings Totaling Approximately $60 Million
CALGARY, ALBERTA--(Marketwired - Oct. 7, 2013) - Paramount Resources Ltd. ("Paramount") (TSX:POU) has entered into an agreement to sell, through a syndicate of underwriters co-led by RBC Capital Markets, BMO Capital Markets and Peters & Co. Limited, on a guaranteed agency basis, 1,115,000 Class A Common Shares of Paramount to be issued on a "flow-through" basis in respect of Canadian exploration expenses ("FTS") at a price of $44.00 per FTS for gross proceeds of $49,060,000. The FTS will be [Read more]
Palliser Oil & Gas Corporation Provides Operation Update
CALGARY, Oct. 7, 2013 /CNW/ - Palliser Oil & Gas Corporation ("Palliser" or the "Company") (TSX VENTURE:PXL) is pleased to provide an operations update. The Company continues to focus its abilities on expanding production shipped by rail. The Company completed the construction of a clean oil treating facility in the third quarter which is estimated to increase the Company's capacity to ship approximately 75% of corporate production by rail, up from its previous capacity of approximately [Read more]
Enbridge set to make its case for Line 9
TORONTO - Under fields, past homes and across waterways, a pipeline has run through one of Canada's most populous corridors for nearly four decades, quietly pumping oil between southern Ontario and Montreal.While it hasn't generated much national attention in the past, Line 9 is now being thrust into the spotlight as the company that operates it seeks approval to reverse its flow and increase its capacity.On one side of the debate that will take place before the National Energy Board in Montreal [Read more]
It’s Alberta’s prerogative to say who speaks at oilsands reviews: Redford
EDMONTON - Alberta's premier says it's still her government's prerogative to make sure the review process for oilsands projects doesn't get bogged down by interveners who aren't directly impacted by what's being proposed. Alison Redford was responding to a ruling earlier this week by Court of Queen's Bench Justice Richard Marceau. Marceau found that the Environment Department bureaucrats contravened their own laws by enacting a shadow policy to stop the Oil Sands Environmental Coalition [Read more]
Anti Keystone billionaire takes aim at Harper
OTTAWA - An anti-Keystone XL pipeline crusader has written to Prime Minister Stephen Harper, suggesting Canada's aggressive lobbying for the project played a part in the ongoing government shutdown south of the border.Tom Steyer, a San Francisco billionaire and a major Democratic party fundraiser, chastises Harper for saying he would not "take 'no' for an answer" from U.S. President Barack Obama on TransCanada's Keystone XL.In a question-and-answer session with the Canadian American Business [Read more]
U.S. expected to be largest producer of petroleum and natural gas hydrocarbons in 2013
Source: U.S. Energy Information Administration Note: Petroleum production includes crude oil, natural gas liquids, condensates, refinery processing gain, and other liquids, including biofuels. Barrels per day oil equivalent were calculated using a conversion factor of 1 barrel oil equivalent = 5.55 million British thermal units (Btu). The U.S. Energy Information Administration estimates that the United States will be the world's top producer of petroleum and natural gas hydrocarbons in [Read more]
Crude rises toward $104 a barrel as offshore oil rigs brace for Tropical Storm Karen
The price of crude rose to near $104 a barrel Friday as offshore oil rigs in the Gulf of Mexico braced for Tropical Storm Karen.By early afternoon in Europe, benchmark oil for November delivery was up 54 cents to $103.85 a barrel in electronic trading on the New York Mercantile Exchange. The contract fell 79 cents to close at $103.31 on Thursday.Several oil companies operating in the Gulf of Mexico, including Exxon, said they were taking precautionary measures, including the evacuation of [Read more]