CALGARY, Sept. 8, 2017 /CNW/ - Ikkuma Resources Corp. ("Ikkuma" or the "Corporation") (TSX VENTURE: IKM) is pleased to announce that it has closed the second tranche of its previously announced non-brokered private placement offering (the "Offering") of common shares issued on a "flow-through" basis in respect of Canadian exploration expenses under the Income Tax Act (Canada) (the "Flow-Through Shares"), pursuant to which the Corporation issued 9,016,621 Flow-Through Shares at a price of $0.82 [Read more]
Headlines
Canada regulator’s plan for review of Energy East pipeline comes under fire
CALGARY, Alberta, Sept 8 (Reuters) - The Canadian energy regulator’s plan to assess indirect carbon emissions when considering TransCanada’s Energy East pipeline application sets a harsh precedent for future projects, the Alberta government and supporters of the pipeline said on Friday. TransCanada said on Thursday it may abandon the proposed 1.1 million barrel per day pipeline - from Alberta to New Brunswick - following a decision by the National Energy Board in August to look at upstream and [Read more]
Canada Weekly Rig Count Increases by 1 to 202
Western Canada’s fleet of drilling rigs decreased to 201 actively drilling rigs according to data collected by Baker Hughes for the week of September 8. From one week ago, Alberta rig counts increased to 134 rigs from 130, the Saskatchewan rig count decreased to 36 from 39. Oil drilling remained at 102 rigs; gas rigs increased by 1 from 99 to 100. View a full breakdown of western Canada’s rig activity. [Read more]
Trilogy Energy Corp. obtains shareholder approval for merger with Paramount Resources Ltd.
CALGARY, Sept. 8, 2017 /CNW/ - Trilogy Energy Corp. (TSX: TET) ("Trilogy") is pleased to announce that it has obtained the necessary shareholder approvals to proceed with the arrangement under the Business Corporations Act (Alberta) pursuant to which Trilogy is to merge with Paramount Resources Ltd. ("Paramount"). At the special meeting of Trilogy shareholders held today, the shareholders passed a special resolution approving the arrangement, with over 92% of the total votes cast and over 81% of [Read more]
Paramount Resources Ltd. Obtains Shareholder Approval for Merger with Trilogy
CALGARY, Sept. 8, 2017 /CNW/ - Paramount Resources Ltd. (TSX: POU) ("Paramount") is pleased to announce that it has received shareholder approval for its previously announced merger with Trilogy Energy Corp. ("Trilogy") at its special meeting of shareholders held today. The percentage of the total votes cast under the minority approval requirements that were voted in favour of the merger exceeded 98%. Shareholders also elected an additional three directors — Wilfred Gobert, Robert MacDonald [Read more]
U.S. oil drillers cut rigs for 3rd week in four as recovery stalls -Baker Hughes
U.S. energy firms cut oil rigs for a third time in the past four weeks as a 14-month drilling recovery stalls with energy firms reducing spending plans in response to recent crude price declines. Drillers cut three oil rigs in the week to Sept. 8, bringing the total count down to 756, the least since June, General Electric Co's Baker Hughes energy services firm said in its closely followed report on Friday. That compares with 414 active oil rigs during the same week a year ago. Drillers [Read more]
Energy East pause puts Liberal argument on environment and pipelines in question
OTTAWA - Federal government policies tying environmental impacts to regulatory approval of pipelines are sending investors fleeing for more certain ground, critics and pipeline proponents said Friday. The comments come a day after TransCanada Corp., said it was asking the National Energy Board to suspend its application for the 4,500-kilometre Energy East pipeline between Alberta and New Brunswick for one month while it figures out if the NEB's environmental assessment of the line will [Read more]
N.B. premier urges TransCanada to proceed with Energy East pipeline
CALGARY - Canadian politicians whose jurisdictions could benefit from a proposed multibillion-dollar oil pipeline are accusing the country's energy regulator of creating uncertainty about the future of the proposed project. TransCanada Corp. (TSX:TRP) put its application to build the $15.7-billion Energy East pipeline on hold this week after the National Energy Board said it would consider indirect greenhouse gas emissions in evaluating the 4,500-kilometre pipeline from Hardisty, Alta., [Read more]
TransCanada may abandon Energy East pipe facing tougher review
CALGARY, Alberta (Reuters) - TransCanada Corp (TRP.TO) will suspend the application for its Energy East pipeline for 30 days and may abandon the project, the company said on Thursday, weeks after Canada’s National Energy Board (NEB) regulator announced a tougher review process. TransCanada will do a “careful review” of the new assessment process to gauge its effect on the costs, schedules and viability of the pipeline to the Atlantic coast, the company said in a statement. The NEB in August [Read more]
TransCanada Seeks 30-day suspension of Energy East Pipeline and Eastern Mainline Project Applications
CALGARY, ALBERTA--(Marketwired - Sept. 7, 2017) - News Release - TransCanada Corporation (TSX:TRP)(NYSE:TRP) (TransCanada) announced today it has filed a letter with the National Energy Board (NEB) seeking a 30-day suspension of the Energy East Pipeline and Eastern Mainline Project applications. The suspension will allow time to conduct a careful review of recent changes announced by the NEB regarding the list of issues and environmental assessment factors of the projects while understanding how [Read more]