CALGARY, ALBERTA--(Marketwired - April 24, 2013) - THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES. Blackhawk Resource Corp. ("Blackhawk" or the "Corporation")(TSX VENTURE:BLR), is pleased to announce that on April 3, 2013, it entered into an interim agreement (the "Interim Agreement") as to the terms of a proposed business combination with Global Royalty Corp. [Read more]
News
Athabasca Oil Corporation Comments on the Public Hearing for the Dover Commercial Oil Sands Project
CALGARY, April 24, 2013 /CNW/ - Athabasca Oil Corporation (TSX: ATH) is responding to a request from Investment Industry Regulatory Organization of Canada (IIROC) to comment on recent market activity involving its shares, which may be related to recent newspaper articles about yesterday's commencement of the previously disclosed public hearing by the Energy Resources Conservation Board ("ERCB") in Fort McMurray, Alberta in respect of the Dover Commercial Oil Sands Project. Dover Operating [Read more]
US crude stocks build below estimates
U.S. commercial crude oil inventories increased 0.9 million barrels from the previous week, below the expected build of ~1.5 million barrels. Total crude oil stocks of 388.6 million barrels are well above the upper limit of the average range for this time of year. Total commercial petroleum inventories decreased by 1.9 million barrels last week. [table] [attr style="width: 25%"]April 19`[attr style="width: 25%"]April 12`[attr style="width: 25%"]Change`[attr style="width: 25%"]% [Read more]
Alberta Star Completes Sale of Oil and Gas Assets for $1.875 Million
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Apr 24, 2013) - Alberta Star Development Corp. (TSX VENTURE:ASX)(ASXSF)(FRANKFURT:QLD) has completed the previously announced sale of its heavy oil assets in Alberta and Saskatchewan to Petrocapita Oil and Gas L.P. ("Petrocapita") of Calgary, Alberta for total net cash consideration of $1,900,513 after taking into account initial industry standard adjustments to the agreed purchase price of $1,875,000. The effective date of this transaction is March 1, [Read more]
Canadian Pacific CEO claims first-quarter results are best in company history
By The Canadian Press CALGARY - The man who was brought in last year to shake up Canadian Pacific Railway Ltd. (TSX:CP.TO) says a strong first quarter — which broke several company records — has put CP on track to have the best year in its 132-year history. CP chief executive Hunter Harrison, who was brought in last year after a highly public and hotly contested shareholder revolt against the former leadership, said he's happy with the progress but not finished with transforming the [Read more]
High North Resources Ltd. Enters Into A Share Exchange Agreement With Valleyview Exploration Inc.
VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 24, 2013) - THIS PRESS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES High North Resources Ltd. ("High North" or the "Company") (TSX VENTURE:HN) - announces that it has entered into an arm's length Share Exchange Agreement (the "Share Exchange Agreement") dated April 15, 2013, for the acquisition (the "Transaction") by the Company of all of the issued and outstanding shares of Valleyview [Read more]
NXT Announces Strong 2012 Year-End Result
CALGARY, ALBERTA--(Marketwired - Apr 24, 2013) - Highlights Record revenues of $11 million in 2012 Record net profit for 2012 of $2 million Positioned for continued growth with strong cash position and no debt NXT Energy Solutions Inc. ("NXT" or the "Company") (TSX VENTURE:SFD)(NSFDF), is pleased to announce its financial and operating results for the fiscal year ended December 31, 2012. All selected and referenced financial information should be read in conjunction with the [Read more]
Hemisphere Energy Announces Increased Credit Facility
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Apr 24, 2013) - Hemisphere Energy Corporation (TSX VENTURE:HME) is pleased to announce that, as a result of reserve additions and production increases from its 2012 drilling activity, the company's credit facility was increased from $5.5 million to $9.5 million. Hemisphere's next review date is scheduled on or before September 1, 2013. Hemisphere has drilled 11 consecutive successful Glauconitic horizontal wells in its Jenner property in southeast [Read more]
Arsenal Energy Inc. Announces $2.0 Million Flow-Through Share Bought Deal Financing
CALGARY, ALBERTA--(Marketwired - April 24, 2013) - NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Arsenal Energy Inc. (AEI.TO) ("Arsenal") is pleased to announce that it has entered into an agreement with Casimir Capital Ltd. (the "Underwriter" or "Casimir") to complete a bought deal private placement financing (the "Offering") of 3,750,000 flow-through common shares ("Flow-Through Shares") at a price of $0.54 per Flow-Through Share for [Read more]
DeeThree Exploration Ltd. Announces Commitment for $135 Million Credit Facility and Increased 2013 Guidance
CALGARY, ALBERTA--(Marketwired - April 24, 2013) - NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES. DEETHREE EXPLORATION LTD. ("DeeThree" or the "Company") (DTX.TO)(DTHRF) is pleased to announce that its current syndicate of lenders have committed to an increase to the Company's credit facility to $135 million from $90 million. The increase in the credit facility is expected to be finalized in late April 2013. As a result of better than expected, [Read more]