CALGARY, June 3, 2013 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE MKT: BXE) announces that the Seoul Korea based company was not able to meet the remaining closing conditions required to close the previously announced Ferrier area Korean $300 million Cardium Joint Venture on May 31, 2013. Bellatrix has not extended the deadline for satisfying such conditions beyond May 31, 2013 and as a result Bellatrix will consider alternative joint venture partners for the [Read more]
News
Blackdog Resources Ltd. Updates Sylvan Lake Operations, Acknowledges Farm out Interest in Woking/Evi Properties
CALGARY, ALBERTA--(Marketwired - June 3, 2013) - Blackdog Resources Ltd. ("Blackdog" or "the Company") (TSX VENTURE:DOG) is pleased to provide an update on our Sylvan Lake and Woking Properties. In late March, 2013, the Company equipped its 100% owned light oil and liquid rich natural gas well at Sylvan Lake with a rod string and bottom hole pump. The Company also secured a large scale rental pump jack to test the well. However, at the last minute, the Operator of the pipeline was not [Read more]
Crocotta Energy Announces Increase to Previously Announced Flow-Through Share Private Placement to $22 Million
CALGARY, ALBERTA--(Marketwired - June 3, 2013) - NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA CROCOTTA ENERGY INC. (TSX:CTA) ("Crocotta" or the "Company") is pleased to announce that it has increased the maximum size of its previously announced non-brokered private placement of common shares in the capital of the Company ("Common Shares") to be issued on a "flow-through" basis in respect of Canadian exploration expenses ("CEE") to [Read more]
Inter Pipeline Announces Corporate Restructuring and Distribution Increase
CALGARY, ALBERTA--(Marketwired - June 2, 2013) - Inter Pipeline Fund ("Inter Pipeline") (TSX:IPL.UN) announced today that it has completed several internal transactions related to the restructuring of its current limited partnership structure to position the business for a planned conversion to a corporate form. Inter Pipeline has indirectly purchased Pipeline Management Inc, its General Partner, for initial consideration valued at $170 million, plus adjustments, and a future second instalment [Read more]
Advantage Announces Natural Gas Hedging Update
CALGARY, May 31, 2013 /CNW/ - Advantage Oil & Gas Ltd. ("Advantage" or the "Corporation") is pleased to announce that we have increased our natural gas commodity price hedges for the period October 2013 to March 2014. Below is a list of the new derivative contracts entered into by Advantage: Average Price Description of Derivative Term Volume $Cdn. AECO Natural gas - AECO Fixed price October 2013 to March 2014 5,687 [Read more]
Enbridge Pipeline Rejection: Coastal First Nations Congratulate Premier Christy Clark for “Doing the Right Thing.”
First Nations reaffirm ban on oil tanker traffic on BC's North Coast VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 31, 2013) - The Coastal First Nations are congratulating the BC government for rejecting the Enbridge Northern Gateway pipeline at the conclusion of JRP hearings for the proposed project, and they are reaffirming their ban on oil tanker traffic on BC's North Coast. "The BC government has done the right thing by rejecting the Enbridge pipeline for the company's failure to [Read more]
Gitga’at First Nation Applauds B.C. Government’s Rejection of Enbridge Northern Gateway Pipeline
Decision "feels like sunshine." Nation says Enbridge offers an important lesson for other resource proponents on the importance of Aboriginal consultation and credible environmental impact studies. HARTLEY BAY, BRITISH COLUMBIA--(Marketwired - May 31, 2013) - The Gitga'at First Nation is congratulating the B.C. government on its rejection of the Enbridge Northern Gateway pipeline and oil tanker project, saying the rejection offers an important lesson to other resource development proponents [Read more]
Surge Energy Inc. Announces Closing of Non-Core Asset Sale
CALGARY, May 31, 2013 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) is pleased to announce that it has closed the sale of its previously announced non-core assets in North Dakota. Non-core Asset Sale Closed: The non-core, primarily non-operated assets in North Dakota were sold to a Canadian oil and gas producer for a total of US$42.7 million. Financial Advisors: Macquarie Capital Markets Canada Ltd. is acting as lead financial advisor to Surge with respect to the [Read more]
BOOM! BC government officially OPPOSES Northern Gateway
VANCOUVER - The British Columbia government officially declared its opposition to the Northern Gateway pipeline on Friday, telling the federal review panel weighing the project that the multibillion-dollar project should not go ahead as proposed.In a strongly-worded submission to the federal review panel following more than a year of hearings, lawyers for the westernmost province said there remain too many unanswered questions."(Northern Gateway) has presented little evidence about how it will [Read more]
YIKES! Unemployment across euro countries rises to record 12.2 per cent in April
LONDON (AP) – The unemployment rate across the 17 European countries that use the euro hit a record 12.2 per cent in April, and the number of unemployed is on track to reach 20 million by year’s end. The worsening jobs crisis points to the recession that has gripped the euro alliance. Many countries are struggling to stimulate growth while grappling with a debt crisis that’s led governments to slash spending and raise taxes. Unemployment in the eurozone rose in April from the previous [Read more]