CALGARY, ALBERTA--(Marketwired - Aug. 30, 2013) - Blackdog Resources Ltd ("Blackdog" or the "Company") (TSX VENTURE:DOG) is pleased to announce that it has signed two separate non-binding Letters of Intent (the "LOI's") with two separate arm's length vendors to purchase two light oil properties in Northern Alberta (the "Acquisitions"). Under the terms of the LOI's, Blackdog will purchase both properties for a cumulative total of $13,000,000 in cash. The properties ("Property A and Property B") [Read more]
News
Shoreline Energy Corp. Announces Credit Facility Extension
CALGARY, ALBERTA--(Marketwired - Aug. 30, 2013) - Shoreline Energy Corp. (TSX:SEQ) ("Shoreline" or the "Company") is pleased to announce that it has received a 30 day extension from its lender ATB Financial to comply with certain working capital covenants under the terms of its loan facility. Shoreline requested the extension in order to have adequate time to complete closing of a new credit facility secured against its US assets which are not included in the Company's current borrowing base. [Read more]
Pine Cliff Completes Acquisition of Further Working Interests in Shallow Gas Assets and Assumes Operatorship
CALGARY, ALBERTA--(Marketwired - Aug. 30, 2013) - NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES. Pine Cliff Energy Ltd. ("Pine Cliff") (TSX VENTURE:PNE) is pleased to announce that the previously announced acquisition of additional working interests in the Monogram Unit and the Southern Alberta and Southern Saskatchewan properties (the "Assets") for cash consideration of $13.25 million, prior to adjustments, has closed. Pine [Read more]
Apache And Sinopec Enter Upstream Oil And Gas Partnership
Apache to receive $3.1 billion in exchange for 33 percent interest in Apache Egypt HOUSTON, Aug. 29, 2013 /PRNewswire/ -- Apache Corporation (NYSE, Nasdaq: APA) and Sinopec International Petroleum Exploration and Production Corporation today announced they have launched a global strategic partnership to pursue joint upstream oil and gas projects. As the first step in this partnership, Apache will receive $3.1 billion in cash, subject to customary closing adjustments, in exchange for Sinopec [Read more]
Why gas is edging higher ahead of Labor Day
Gas is getting a bit pricier ahead of Labor Day weekend.The average U.S. price for a gallon of gasoline rose by 1.8 cents to $3.56 a gallon Thursday, its biggest overnight jump in six weeks, according to auto club AAA.Gas is starting to track the rising price of oil, which reached a two-year high this week on fears of supply disruptions in the Middle East. Oil has risen 5 per cent in August on worries about escalating violence in Egypt and the possibility of U.S. strike against [Read more]
Manitok Energy Inc. Announces Financial Results for the Second Quarter of 2013
CALGARY, ALBERTA--(Marketwired - Aug. 29, 2013) - NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA. Manitok Energy Inc. (the "Corporation" or "Manitok") (TSX VENTURE:MEI) announces its financial and operating results for the second quarter of 2013. The full text of Manitok's second quarter report containing its unaudited condensed interim financial statements as at and for the three and six months ended June 30, 2013 [Read more]
REALLY? Quebec premier has positive words for Enbridge pipeline project
CARLETON-SUR-MER, Que. - Quebec Premier Pauline Marois has defended a pipeline project that would see Western Canadian oil pumped across her province.Marois says the controversial Enbridge Inc. proposal to reverse the flow of one of its pipelines could be a boon for Quebec — particularly since it would supply oil refineries in Montreal.Speaking to reporters today, she said the Alberta crude would be cheaper than oil purchased from abroad.Marois says her government will begin a formal [Read more]
First Mountain Exploration Ltd. Announces Property Acquisition, Proposed Private Placement and Files Q2 2013 Financial Results
CALGARY, Aug. 29, 2013 /CNW/ - First Mountain Exploration Ltd. ("First Mountain" or the "Company") (TSX Venture: FMX) is pleased to announce that it has closed the acquisition (the "Acquisition") of an additional 35% interest in certain oil and gas producing assets in the Atlee Buffalo area of Alberta (the "Atlee Buffalo Assets") from a private Company for cash consideration of $280,000, before closing adjustments. After completion of the Acquisition, First Mountain's total working interest in [Read more]
Tuscany Announces Q2 2013 Results
CALGARY, ALBERTA--(Marketwired - Aug. 29, 2013) - Tuscany Energy Ltd. (TSX VENTURE:TUS) announces that it has filed on SEDAR its Interim Financial Statements and MD&A for the six months ended June 30, 2013. Tuscany is pleased to report on the progress of its business plan to June 30, 2013. During Q2 2013 Tuscany focused its efforts on completing the acquisition of Diaz Resources Ltd. and preparing for the development of its heavy oil properties in Saskatchewan. The acquisition of [Read more]
Stats show Americans not that into driving anymore
WASHINGTON (AP) -- Driving in America has stalled, leading researchers to ask: Is the national love affair with the automobile over? After rising for decades, total vehicle use in the U.S. - the collective miles people drive - peaked in August 2007. It then dropped sharply during the Great Recession and has largely plateaued since, even though the economy is recovering and the population growing. Just this week the Federal Highway Administration reported vehicle miles traveled during the [Read more]