CALGARY, ALBERTA--(Marketwired - Sept. 16, 2016) - BlackPearl Resources Inc. ("BlackPearl" or the "Company") (TSX:PXX)(OMX:PXXS) is pleased to announce that its 80,000 barrel per day commercial development application at Blackrod, located in the Athabasca Oil Sands, has received regulatory and environmental approval from the Alberta Energy Regulator and the Alberta government. John Festival, President and CEO of BlackPearl commented that "in addition to extensive delineation drilling and [Read more]
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Questfire Energy Corp. Announces Credit Facility Amendment and Revised Terms
CALGARY, ALBERTA--(Marketwired - Sept. 15, 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 in principle to amend the terms of its bank facility, with such amended bank facility anticipated to have the following material provisions: a revised maturity date from May 30, 2017 to November 30, 2016; a restructuring of the Corporation's $44.5 million aggregate borrowing [Read more]
Quattro Engages Durham Capital as Financial Advisor and Provides Corporate Update
CALGARY, Alberta, Sept. 15, 2016 (GLOBE NEWSWIRE) -- Quattro Exploration and Production Ltd. (TSX-V:QXP) ("Quattro" or the "Company") is pleased to announce the engagement of Durham Capital Canada Corporation (“Durham”) as its financial advisor to assist with the Company’s pursuit and evaluation of various options with respect to a proposed funding of up to $25 million in senior or subordinated debt, supported by the remaining assets of the Company upon the completion of its $24.5 million [Read more]
Alberta approves three oilsands projects worth potential $4 billion in investments
CALGARY - The Alberta government has approved three oilsands projects that it says represent about $4 billion of potential investments, though it's unclear whether any of the projects will go ahead. The projects include the Blackpearl Resources's Blackrod project, Surmont Energy's Wildwood project, and Husky Energy's Saleski project that together total about 95,000 barrels of potential production. The approvals, announced Thursday, are the first projects to get the green light [Read more]
Touchstone Provides Credit Facility Update
CALGARY, ALBERTA--(Marketwired - Sept. 15, 2016) - Touchstone Exploration Inc. ("Touchstone" or the "Company") (TSX:TXP) announces an update regarding its credit facility. Effective September 15, 2016, the Company and its lender executed an Amendment and Limited Waiver to the Credit Agreement (the "Amendment"). The Amendment cured the Company's July and August 2016 monthly production covenant breaches, as Touchstone did not achieve the average minimum production requirement of 1,400 barrels [Read more]
National Energy Board grants more time for construction to begin on North Montney Pipeline Project
CALGARY, Sept. 15, 2016 /CNW/ - The National Energy Board (NEB) is extending the date in the sunset clause for the North Montney Pipeline Project to June 10, 2017. The sunset clause said that construction must begin before June 10, 2016 or approval for the project will expire. NOVA Gas Transmission Ltd. (NGTL) wrote to the NEB on March 28, 2016 asking that the sunset clause be extended for one year until June 10, 2017. The North Montney Project would tie into the proposed Prince Rupert Gas [Read more]
Ecuadorians face off against Chevron in Ontario court over $9.5-billion award
TORONTO - Lawyers for a group of Ecuadorian villagers and oil giant Chevron squared off in court once again on Thursday in the latest skirmish of a seemingly endless legal war that has already cost tens of millions of dollars to wage and has billions more at stake. The Ecuadorians are trying to collect on a US$9.5-billion award — one of the largest ever to arise out of environmental destruction — they won against Chevron in Ecuador. Because Chevron has no assets in the South American [Read more]
September 14 Alberta Land Sale Result Disappointing at $4.13 Million
Yesterday's Alberta land sale result of $4.13 million can only be described as disappointing after the previous sale on August 31st brought in $16.56 million. That would make this result the third lowest of the 16 sales held so far this year. There were a total of 78 parcels with successful bids for this sale and the cumulative total for all 2016 Alberta land sales now stands at $114.8 million. The chart below illustrates the trend of the Alberta land sale results for all of 2016 and [Read more]
AltaGas Opens the Townsend Facility in Northeast British Columbia
FORT ST. JOHN, BRITISH COLUMBIA--(Marketwired - Sept. 14, 2016) - AltaGas Ltd. ("AltaGas") (TSX:ALA) today held the grand opening of the Townsend Facility (the "Facility"), an integrated midstream complex located in northeast British Columbia approximately 100 kilometres north of Fort St. John and 20 kilometres southeast of AltaGas' Blair Creek Facility. "We are committed to continuing to grow our presence in British Columbia by developing assets that will provide producers with value-added [Read more]
Altura Energy Inc. Announces Closing of Strategic High Quality Low Decline Oil Assets in East Central Alberta
CALGARY, Sept. 14, 2016 /CNW/ - Altura Energy Inc. ("Altura" or the "Corporation") (TSX Venture: ATU) is pleased to announce that it has closed its previously announced acquisition of high quality oil assets (the "Assets") strategically located in east central Alberta for cash consideration of $4.0 million. The Assets add 125 boe/d of low decline production and include facility infrastructure and a natural gas pipeline for future growth. ABOUT ALTURA ENERGY INC. Altura Energy Inc. is a [Read more]