CALGARY, ALBERTA--(Marketwired - June 4, 2013) - Terra Energy Corp. (TSX:TT) ("Terra" or the "Company") is pleased to announce that Crew Energy Inc. ("Crew") has exercised the option to purchase the balance of Terra's Montney assets in northeast British Columbia for a purchase price of $36 million. On February 28, 2013, the Company granted Crew an option to acquire the balance of its unconventional Montney assets located in northeast British Columbia for a purchase price of $36 million, [Read more]
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Crew Energy Announces Exercise of Option to Purchase Third Tranche of British Columbia Montney Acreage
CALGARY, ALBERTA--(Marketwired - June 4, 2013) - Crew Energy Inc. ("Crew" or the "Company") (TSX:CR) of Calgary, Alberta is pleased to announce that it has exercised its option to purchase the third tranche of Montney acreage (81 net sections) in northeast British Columbia for a purchase price of $36 million (the "Acquisition"). Crew has the option, 10 days prior to closing, to elect to pay all cash or pay a minimum of $10 million cash with the balance of the consideration payable in common [Read more]
Encana Discloses Environmental, Social and Governance Performance in Annual Corporate Responsibility Report
Report profiles company's efforts in managing risks CALGARY, ALBERTA--(Marketwired - June 3, 2013) - Encana Corporation (TSX:ECA)(NYSE:ECA) has released its 2012 Corporate Responsibility Report, detailing the company's environmental, social and governance (ES&G) performance for the past calendar year. The data in this year's report is structured based on nine overarching ES&G priorities, which the company has identified as key to its success moving forward. Highlights from the [Read more]
Bellatrix says Korean partner fails in JV
CALGARY - Bellatrix Exploration Ltd. said it called off a $300-million joint venture after a South Korean partner failed to meet the closing conditions.The company announced the deal in January which would have seen both sides contribute $150 million for an 83 well project.The South Korean partner was not identified.Bellatrix said it will now consider alternative partners for the proposed Ferrier area Cardium joint venture. [Read more]
Traverse Energy Ltd. Closes Private Placement Financing
CALGARY, ALBERTA--(Marketwired - June 3, 2013) - Traverse Energy Ltd. (the "Corporation") (TSX VENTURE:TVL) is pleased to announce that it has successfully closed its previously announced non-brokered private placement (the "Private Placement") of common shares of the Corporation ("Shares") issued on a "flow through" basis within the meaning of the Income Tax Act (Canada) (the "Tax Act"). The Corporation issued 2,420,000 Shares for total gross proceeds of $1,504,500. Of the total number of [Read more]
Whitecap Resources Inc. announces resignation of director
CALGARY, June 3, 2013 /CNW/ - Whitecap Resources Inc. (TSX: WCP) announces that Don Cowie has resigned from the Board of Directors effective May 29, 2013. We are pleased to have had Don join the Whitecap Board at the time of the Spry corporate acquisition in April 2011. The Board of Directors and management of Whitecap would like to thank Don for his contribution and guidance over the past two years and wish him success in his future endeavors. Whitecap Resources Inc. is a dividend paying, [Read more]
Delphi Energy Provides Update
CALGARY, ALBERTA--(Marketwired - June 3, 2013) - Delphi Energy Corp. ("Delphi" or the "Company") is pleased to provide the following update. ANNUAL GENERAL MEETING At Delphi's annual general meeting held on May 28th, 2013, the nominees proposed in the management proxy circular for the 2013 annual meeting of shareholders were elected as directors. Detailed results of the vote on the election of directors held at the meeting were as set out in the attached table. DIRECTOR NOMINEE VOTING [Read more]
Pieridae Energy inks deal with German firm for 20-year LNG project off Nova Scotia
HALIFAX - Pieridae Energy Canada says it has signed a 20-year agreement with a German utility company that would buy liquefied natural gas from a proposed project in Nova Scotia. The deal would see E.ON Global Commodities SE purchase about five million tonnes of liquefied natural gas annually from a development that Pieridae has proposed for Goldboro, N.S. Pieridae Energy says the cost of the liquefied natural gas would be based on market prices in the Western European [Read more]
BlackPearl to Accelerate Development of Its 12,000 Barrel Per Day Thermal Project at Onion Lake and Proposes to Issue US$350 Million Term Loan Facility
CALGARY, ALBERTA--(Marketwired - June 3, 2013) - BlackPearl Resources Inc. ("BlackPearl" or the "Company") (TSX:PXX)(OMX:PXXS) is pleased to announce that the Company plans to accelerate the development of its thermal enhanced oil recovery (EOR) project at its Onion Lake heavy oil property in Saskatchewan. BlackPearl has elected to proceed with a 12,000 barrel per day EOR project at Onion Lake, Saskatchewan prior to proceeding with the first phase of its steam-assisted gravity drainage (SAGD) [Read more]
Contact Exploration Announces Long-term Customer Signed by Pieridae Energy for Goldboro LNG Project
CALGARY, ALBERTA--(Marketwired - June 3, 2013) - Contact Exploration Inc. ("Contact" or the "Company") (TSX VENTURE:CEX) is pleased to announce that Pieridae Energy (Canada) Ltd. ("Pieridae") has entered into a long-term sales agreement with E.ON Global Commodities SE ("E.ON"), a subsidiary of E.ON SE, and one of the world's largest investor-owned power and gas companies, for the purchase of liquefied natural gas ("LNG") from the Goldboro LNG project being developed by Pieridae in Nova Scotia, [Read more]