2017 Budget Includes 17% Production Growth, Upsized Glacier Gas Plant Expansion to 400 MMCF/D & $205 Million Capital Program (TSX: AAV, NYSE: AAV) CALGARY, Nov. 28, 2016 /CNW/ - Advantage Oil & Gas Ltd. ("Advantage" or the "Corporation") is pleased to announce that its Board of Directors ("Board") has approved a 2017 capital budget and development plan estimates for 2018 and 2019. Advantage's 2017 through 2019 investment will continue with the profitable and sustainable growth of [Read more]
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Raging River Exploration Inc. Announces $58 Million Dodsland Viking Property Acquisition
CALGARY, ALBERTA--(Marketwired - Nov. 28, 2016) - Raging River Exploration Inc. ("Raging River" or the "Company") (TSX:RRX) announces that it has closed a Viking consolidation transaction (the "Acquisition") from an arm's length energy producer. The Company acquired approximately 620 boe/d (97% light oil) of production and 24 net sections of land prospective for Viking light oil, for total cash consideration of approximately $58 million subject to customary closing adjustments. ACQUISITION [Read more]
Northern Blizzard Resources Inc. Announces $58 million Non-Core Asset Sale
CALGARY, Nov. 28, 2016 /CNW/ - Northern Blizzard Resources Inc. ("Northern Blizzard") (TSX: NBZ) is pleased to announce that it has completed the sale of certain non-core Viking light-oil assets in the Coleville area of Saskatchewan for cash consideration of $58.0 million (before customary purchase price adjustments). The asset sale had an effective date of October 1, 2016 and closed on November 28, 2016. Effective December 31, 2015, Northern Blizzard's independent reserves evaluators [Read more]
Savanna Provides Update to AIMCo Financing
CALGARY, ALBERTA--(Marketwired - Nov. 28, 2016) - Savanna Energy Services Corp. ("Savanna") (TSX:SVY) announces that Alberta Investment Management Corporation ("AIMCo") has advised it that AIMCo does not intend to consent to a change of control of Savanna that may result from Total Energy Services Inc.'s previously announced intention to make an offer for the outstanding common shares of Savanna (the "Common Shares"). In the event of a change of control within six months of the closing date of [Read more]
New rules for Saskatchewan pipelines after Husky oil spill into river
REGINA - Saskatchewan is proposing tougher rules for pipelines following an oil spill into the North Saskatchewan River that jeopardized the drinking water of thousands of people. Legislation introduced Monday would establish new inspection, investigation and compliance powers for government staff, as well as update and modernize penalties. It would also provide requirements for financial assurance from operators for pipelines in high-risk locations such as water crossings. [Read more]
Alberta on track for $10.8B deficit, but 25,000 jobs added: finance minister
EDMONTON - Alberta's fiscal outlook for this year is a tiny bit better, but still billions of dollars in the red. Finance Minister Joe Ceci says the estimated deficit for this year has been revised to $10.8 billion, slightly lower than the $10.9 billion forecast three months ago. "(It's) a small but measurable improvement," Ceci told reporters at the legislature Monday as he gave the second-quarter update for the 2016-17 budget. Ceci said there are signs that an economy [Read more]
Traverse Energy Ltd. Announces Increase in Size of Private Placement Financing
CALGARY, ALBERTA--(Marketwired - Nov. 28, 2016) - Traverse Energy Ltd. (the "Corporation") (TSX VENTURE:TVL) reports that due to the oversubscription of its previously announced non-brokered private placement, the Corporation is increasing the size of its private placement and will now issue up to 8 million common shares for total gross proceeds of $3,536,000. Of the total number of common shares to be issued by the Corporation (i) up to 2.4 million common shares will be issued at $0.40 per [Read more]
Canadian Spirit Resources Inc. Announces Third Quarter 2016 Financial Results
CALGARY, ALBERTA--(Marketwired - Nov. 28, 2016) - Canadian Spirit Resources Inc. ("CSRI" or the "Corporation") (TSX VENTURE:SPI)(OTCBB:CSPUF) announces the release of its interim financial results and Management Discussion and Analysis ("MD&A") for the three and nine month periods ended September 30, 2016. This news release summarizes information contained in the unaudited interim condensed financial statements and MD&A for the three and nine month periods ended September 30, 2016 and [Read more]
First Nation against Kinder Morgan pipeline rejects Standing Rock-style protests
OTTAWA - Representatives of a B.C. First Nation that is deeply opposed to a proposed pipeline expansion emerged from a meeting Monday with Natural Resources Minister Jim Carr to say they believe the fix is in. But Chief Maureen Thomas of the Tsleil-Waututh Nation says that if the federal Liberals do approve Kinder Morgan's Trans Mountain oil pipeline, her people have no interest in the kind of violent confrontations taking place in Standing Rock over the Dakota Access pipeline. [Read more]
Which is scariest – clowns, pipelines or texting in motion? Our inability to judge risk
A bizarre phenomenon appeared this past Halloween with the onset of some sort of clown-fueled hysteria. A certain subset of bored teenagers realized that loitering in clown costumes could really creep people out. Like any other YouTube-fueled weirdness, the fad quickly spread and North America was soon inundated with punks in full clown regalia, peeking out from behind trees at passing cars in as disturbing a manner as possible. The fad slowed when the jumpier segment of the population began [Read more]