CALGARY, ALBERTA--(Marketwired - Dec. 1, 2016) - Canadian Spirit Resources Inc. ("CSRI" or the "Corporation") (TSX VENTURE:SPI)(OTCBB:CSPUF) is pleased to announce that it is proposing to undertake, subject to TSX Venture Exchange approval, a non-brokered private placement offering of $500,000. The private placement will be comprised of 4,166,668 units of the Corporation ("Units") at a price of $0.12 per Unit. The offering is expected to close by the middle of December 2016. Each Unit will [Read more]
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Enbridge Inc. and Enbridge Income Fund Holdings Inc. Announce Close of $1.075-billion Sale of South Prairie Region Assets
CALGARY, ALBERTA--(Marketwired - Dec. 1, 2016) - Enbridge Inc. (TSX:ENB)(NYSE:ENB) ("Enbridge" or the "Company") together with Enbridge Income Fund Holdings Inc. (TSX:ENF) ("ENF") announced today that an affiliate of Enbridge Income Fund (the "Fund") has closed its previously announced sale of the Fund's South Prairie Region assets (the "Assets") to Tundra Energy Marketing Limited ("TEML") for $1.075 billion in cash. The Assets sold are liquids pipelines and related facilities in southeast [Read more]
Cenovus appoints Claude Mongeau to Board of Directors
CALGARY, AB --(Marketwired - December 01, 2016) - Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) today announced the appointment of Claude Mongeau to its Board of Directors effective immediately. Mr. Mongeau was with Canadian National Railway Company for 22 years, including serving as the company's President & Chief Executive Officer for six and a half years before he stepped down from his role in July 2016. Mr. Mongeau has also held a number of other senior leadership roles during his business [Read more]
B.C. plans to use ‘fair share’ pipeline money on environmental fund
VICTORIA - Premier Christy Clark says British Columbia will create an environmental fund with money that it expects to receive as part of a deal to support Kinder Morgan's pipeline expansion project. Clark said Thursday one of B.C.'s conditions for her government's acceptance of the $6.8 billion Trans Mountain project involves negotiating a fair share agreement with the energy company that reflects the risks associated with an oil pipeline and increased marine tanker traffic. [Read more]
PrairieSky Announces Royalty Transactions
CALGARY, ALBERTA--(Marketwired - Dec. 1, 2016) - PrairieSky Royalty Ltd. ("PrairieSky" or the "Company") (TSX:PSK) is pleased to announce that it has completed 4 separate acquisition transactions for aggregate consideration of $117.3 million, representing approximately 460 BOE per day (83% liquids) of high quality royalty production and over 100,000 acres of mineral title and royalty lands. In the two largest transactions PrairieSky acquired a combined 3.95% royalty interest at Onion Lake, [Read more]
BlackPearl Announces the Sale of a Royalty Interest on Its Onion Lake Property for $55 Million
CALGARY, ALBERTA--(Marketwired - Dec. 1, 2016) - BlackPearl Resources Inc. ("BlackPearl" or the "Company") (TSX:PXX)(OMX:PXXS) is pleased to announce it has completed the sale of a minor gross overriding royalty interest on its Onion Lake property for $55 million. Under the terms of the agreement BlackPearl sold an approximate 1.75% royalty on production from substantially all of its Onion Lake lands. BlackPearl currently has conventional and thermal production of approximately 8,000 barrels [Read more]
Looking for information on oil and gas investments? Here’s the person to follow
Keep it simple. That’s the mantra of Keith Schaefer, editor and publisher of the Oil & Gas Investments Bulletin. The whole reason Mr. Schaefer started his subscription service in mid-2009 was because all the research on horizontal drilling and fracking used a lot of technical jargon and was hard for him to understand. He’s a journalist by training, and an investor by practice. He combined those two traits and made it his mission to give retail investors some simple, [Read more]
Questfire Energy Corp. Announces Credit Facility Extension to December 15, 2016, Closing of Asset Sale and Conversion of Class B Shares
CALGARY, ALBERTA--(Marketwired - Dec. 1, 2016) - Questfire Energy Corp. (the "Corporation" or "Questfire") (TSX VENTURE:Q.A)(TSX VENTURE:Q.B) announces that the Corporation and its syndicate of lenders have agreed to extend the maturity date under the Corporation's credit facilities from November 30, 2016 to December 15, 2016. Questfire also announces that it has closed an asset sale for proceeds of $7.55 million. The Corporation is actively pursuing further asset sales and investigating a [Read more]
Shell successfully completes project to increase production at its Western Canada refinery
Scotford Refinery debottlenecking will boost hydrocracker production capacity by 20% and enhance the facility's competitiveness CALGARY, Dec. 1, 2016 /CNW/ - Shell today announced it has successfully completed a major growth project at its Scotford Refinery near Edmonton, Alberta that will increase hydrocracker production capacity by 20%. The project was completed through the debottlenecking of the hydrocracker, a core refining unit for making transportation fuels, such as diesel and jet [Read more]
Petrocapita Announces Acquisition of Crucible Resources Corporation
CALGARY, ALBERTA--(Marketwired - Nov. 30, 2016) - Petrocapita Income Trust (CSE:PCE.UN)(CSE:PCE.UN.CN) ("Petrocapita" or the "Trust") announces that it has acquired approximately 79% of the issued and outstanding shares of Crucible Resources Corp. ("Crucible") as at November 30, 2016. A special meeting of the shareholders of Crucible has been called for December 21, 2016 to approve an amalgamation of Crucible with a subsidiary of the Trust to acquire the balance. The effective date of the [Read more]