CALGARY, July 18, 2013 /CNW/ - PanTerra Resource Corp. ("PanTerra" or the "Company") announces that it has received a commitment letter for a revised credit facility from its lender and has entered into new terms in regards to the closing of the second tranche of its previously announced sale of 60% of the Company's Working Interest in its Carrot Creek Cardium assets of Central Alberta. Pursuant to the terms of the commitment letter, the Company's revolving operating demand loan will be reduced [Read more]
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Blackbird Energy Announces TSX-V Approval of Farmout Agreement With Pennant Energy Inc.
VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 18, 2013) - (TSX VENTURE:BBI) Blackbird Energy Inc. ("Blackbird" or the "Company") is pleased to announce that the Farmout Agreement (the "Agreement") with Pennant Energy Inc. ("Pennant") has been approved by the TSX Venture Exchange (the "Exchange"). Pursuant to the terms of the Farmout Agrement, Pennant may earn a 30% working interest in certain lands and leases (the "Farmout Lands") owned by Blackbird in the Mantario area of West [Read more]
Marksmen Announces Appointment of Director
CALGARY, ALBERTA--(Marketwired - July 18, 2013) - NOT FOR DISTRIBUTION TO U.S. WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES. Marksmen Energy Inc. ("Marksmen" or the "Company") (TSX VENTURE:MAH) announces that it has appointed, subject to regulatory approval, Bruce W. Barren as a director of the Corporation. Mr. Barren, who has consented to join the board of directors of Marksmen, is a corporate executive and advisor with over 45 years of experience in more than 200 [Read more]
Whitecap Resources Inc. closes $170 million bought deal financing and commits $450,000 to southern Alberta flood relief efforts
CALGARY, July 18, 2013 /CNW/ - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX: WCP) is pleased to announce that it has completed its previously announced bought deal financing (the "Offering"). Whitecap, through a syndicate of underwriters co-led by GMP Securities L.P. ("GMP") and National Bank Financial Inc. and including DundeeSecurities Ltd., FirstEnergy Capital Corp., Macquarie Capital Markets Canada Ltd., TD Securities Inc., CIBC World Markets Inc., Raymond James Ltd., Scotia [Read more]
Pine Cliff Energy Ltd. Enters Into Agreement to Acquire Additional Interests in Shallow Gas Southern Alberta & Southern Saskatchewan Assets & Assume Operatorship of All Interests in These Areas
CALGARY, ALBERTA--(Marketwired - July 17, 2013) - NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES Pine Cliff Energy Ltd. (TSX VENTURE:PNE) ("Pine Cliff" or the "Company") is pleased to announce that it has entered into an arm's length purchase and sale agreement (the "Purchase Agreement") to purchase (the "Acquisition") additional interests in the Southern Alberta and Southern Saskatchewan properties (the "Assets") that Pine Cliff had originally acquired an [Read more]
Suncor Energy releases 2013 Report on Sustainability
CALGARY, ALBERTA--(Marketwired - July 17, 2013) - Suncor Energy announced today the release of its 2013 Report on Sustainability. The voluntary report highlights Suncor's environmental, social and economic performance. "Is it possible to have a prosperous economy and a vibrant society, while maintaining a healthy planet for our grandchildren? I believe the answer is yes," said Steve Williams, president and chief executive officer. "To do this, we need to take collaboration to the next [Read more]
Tuscany Energy Ltd. Appoints Executive Vice President and CFO
CALGARY, ALBERTA--(Marketwired - July 17, 2013) - Tuscany Energy Ltd. ("Tuscany") (TSX VENTURE:TUS) announces the appointment of Charles A. (Tony) Teare to the position of Executive Vice President and Chief Financial Officer. Mr. Teare is currently a member of the Board of Directors of Tuscany and held the same office with Tuscany in 2010. Mr. Teare is a Chartered accountant with over 30 years of experience in various executive positions with public oil and gas companies. As a result of [Read more]
Hyperion Exploration Corp. Announces Renewal of Bank Facilities, Operations Update, and 2013 Guidance
CALGARY, ALBERTA--(Marketwired - July 17, 2013) - Hyperion Exploration Corp. ("Hyperion" or the "Company") (TSX VENTURE:HYX) announces the renewal of its banking facilities, operations update and 2013 guidance. RENEWAL OF BANK FACILITIES As a result of the scheduled lending review with its credit provider, the lending limits of its existing banking facilities have been revised to $46.0 million from $50.0 million. The Company's revolving operating facility has been revised to a [Read more]
Nexxco Energy Ltd. Announces Appointment of Chairman of the Board, Board Members and Management Team, Closing of Equity Financing and Second Closing Date
CALGARY, ALBERTA--(Marketwired - July 17, 2013) - Nexxco Energy Ltd. Mr. Thomas J. Greschner, President & CEO of a newly formed private junior oil and gas company, Nexxco Energy Ltd. ("Nexxco" or the "Company"), is pleased to announce the appointment of Mr. John Swendsen as Chairman of the Board, effective immediately. Mr. Swendsen is currently Vice Chairman, Corporate and Investment Banking with National Bank of Canada in Calgary. Mr. Swendsen's current role with National Bank involves [Read more]
Environmentalists fire latest salvo in battle against Keystone XL
WASHINGTON (AP) - Another year, another allegation of conflict of interest regarding TransCanada's Keystone XL pipeline — this time in a lawsuit by Friends of the Earth that alleges close ties between the Obama administration and lobbyists for the project.The environmental group is accusing the State Department of stonewalling its attempts to get more information about the connections between TransCanada lobbyists, the province of Alberta and high-ranking officials in the Obama administration [Read more]