CALGARY, ALBERTA--(Marketwired - July 16, 2013) - Tuscany Energy Ltd. ("Tuscany") (TSX VENTURE:TUS) and Diaz Resources Ltd. ("Diaz") (TSX VENTURE:DZR) are pleased to jointly announce that they have completed their previously disclosed business combination (the "Business Combination"). Tuscany has acquired all of the issued and outstanding common shares of Diaz on the basis of 0.31 of a common share of Tuscany ("Tuscany Share") for each one (1) Diaz common share of Diaz ("Diaz Share") pursuant to [Read more]
News
Oil price moves up to $107 a barrel as traders look to next US crude inventories report
The price of oil moved up to US$107 a barrel Tuesday as investors waited for the next U.S. report on crude and fuel inventories for confirmation that demand is increasing.By early afternoon in Europe, benchmark crude for August delivery was up 69 cents at $107.01 a barrel in electronic trading on the New York Mercantile Exchange. The contract gained 37 cents to settle at $106.32 on Monday.Oil is up about 10 per cent so far this month. It has been jolted higher by unexpectedly sharp [Read more]
Advantage Announces Evaluation of Glacier’s Montney Contingent Resources
CALGARY, July 15, 2013 /CNW/ - Advantage Oil & Gas Ltd. ("Advantage") engaged Sproule Associates Ltd. ("Sproule") as an independent qualified reserve evaluator to provide an evaluation of the petroleum and natural gas Montney best estimate contingent resources ("2C") and related future net revenue of Advantage's Glacier property as of March 31, 2013("Sproule 2C Contingent Evaluation") in accordance with National Instrument 51-101 and the Canadian Oil and Gas Evaluation Handbook ("COGE [Read more]
Relentless Resources Appoints Additional Director and Grants Stock Options
CALGARY, ALBERTA--(Marketwired - July 15, 2013) - Relentless Resources Ltd. ("Relentless" or "the Company") (TSX VENTURE:RRL) is pleased to announce the appointment of Mr. Murray Frame to the board of directors of the Company (the "Board"). With the addition of Mr. Frame, the Board is now comprised of four members, including Daniel T. Wilson, President and CEO, William C. Macdonald and Thomas W. Robinson, Corporate Secretary. Murray Frame is a geologist with over 40 years of varied [Read more]
Canadian Energy Services & Technology Corp. Announces Acquisition of Permian Drilling Fluids Company Venture Mud One, L.P.
CALGARY, ALBERTA--(Marketwired - July 15, 2013) - NOT FOR DISSEMINATION INTO THE UNITED STATES OF AMERICA OR DISTRIBUTION TO U.S. Canadian Energy Services & Technology Corp. ("CES" or the "Company") (TSX:CEU)(OTCQX:CESDF) is pleased to announce that it has acquired the drilling fluids business assets (the "Acquisition") of Venture Mud One, L.P. ("Venture Mud") and certain additional assets from affiliates of Venture Mud including VM Transports, LLC, Venture Services, LLC, and [Read more]
Shoreline Energy Corporation Provides Update on the Closing of the Final Tranche of the Flow-Through Private Placement
CALGARY, ALBERTA--(Marketwired - July 15, 2013) - NOT FOR DISTRIBUTION IN THE UNITED STATES Shoreline Energy Corp. (TSX:SEQ) ("Shoreline" or the "Company") is pleased to announce that further to the Company's press release dated July 3, 2013, the Company anticipates closing the final tranche of its flow through private placement (the "Offering") on or about July 23, 2013 at which time Shoreline will publish its third quarter capital expenditure program and associated guidance. [Read more]
Pengrowth Announces 51 Percent Increase in Proved Plus Probable Reserves at Lindbergh
CALGARY, ALBERTA--(Marketwired - July 15, 2013) - Pengrowth Energy Corporation (TSX:PGF) (NYSE:PGH) today announced that, in conjunction with the July 12, 2013 Alberta Environment Protection and Enhancement Act (EPEA) approval of the first commercial phase of the Lindbergh thermal bitumen project (Lindbergh), GLJ Petroleum Consultants Ltd. (GLJ) has provided an update of bitumen reserves and contingent resources for Lindbergh. The July 15, 2013 update, effective July 31, 2013, results in the [Read more]
RockBridge Completes Acquisition of Producing Properties in Alberta
VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 15, 2013) - RockBridge Resources Inc. ("RockBridge" or the "Company") (TSX VENTURE:RBE) is pleased to announce that its wholly owned subsidiary, RockBridge Energy Alberta Ltd., has completed the purchase of certain oil and gas properties in southern Alberta from the receiver of Avatar Energy Ltd. of Calgary. The acquisition includes working interests from 25% to 95% in 6 wells producing a net of approximately 36 BOEPD, weighted 35% to crude oil [Read more]
Alliance Pipeline Offers Post-2015 Capacity
CALGARY, July 15, 2013 /CNW/ - Alliance Pipeline announced today it is offering capacity on its system for natural gas transportation services effective December 1, 2015. Starting August 15, 2013, through a Precedent Agreement process, customers can express interest in December 1, 2015 capacity on the Alliance system. Capacity will be allocated on a first come, first served basis as Precedent Agreements are executed. "Since last October, when we launched our proposed New Services Framework, [Read more]
For Obama’s climate plan, devil is in the details
WASHINGTON (AP) — Frustrated by a recalcitrant Congress, President Barack Obama has vowed to take climate change into his own hands. Now he has to deliver. Three weeks after giving an ambitious speech to outline his proposal, the president begins the arduous task of executing it. Obama’s plan is a complicated mix of rule-making and federal permitting that’s tough to encapsulate in a neat sales pitch — and may be even tougher to put into action. By pledging to use his authority under [Read more]