CALGARY, July 27, 2016 /CNW/ - Painted Pony Petroleum Ltd. ("Painted Pony" or the "Corporation") (TSX: PPY) is pleased to announce that it has entered into an asset exchange agreement, which includes Montney acreage, wells and non-operated facility interests (the "Swap") with a large industry partner (the "Counterparty") on jointly held acreage in the Daiber, Cameron and Blair areas of Painted Pony's northeast BC Montney asset. As a result of this Swap, Painted Pony's average working interest [Read more]
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Saturn Minerals Inc. Closes $495,000 Flow-Through Private Placement
VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 27, 2016) - Saturn Minerals Inc. (TSX VENTURE:SMI)(FRANKFURT:SMK) ("Saturn" or the "Company") is pleased to announce that is has received TSX Venture Exchange ("TSXV") approval and completed a flow-through financing as follows: 5,500,000 flow- through units at a price of $0.09 per unit (the "FT Unit"). Each FT Unit consists of one flow-through common share (the "FT Shares") and 0.3636 non flow-through share purchase warrants (the "FT [Read more]
Twin Butte Announces that Leading Independent Proxy Advisory Firms ISS and Glass Lewis Recommend Shareholders of Twin Butte Vote for the Arrangement and Provides Operations Update
CALGARY, July 27, 2016 /CNW/ - (TSX: TBE) Twin Butte Energy Ltd. ("Twin Butte" or the "Company") is pleased to announce that Institutional Shareholder Services Inc. ("ISS") and Glass Lewis & Co. ("Glass Lewis"), leading independent proxy advisory firms, have recommended that shareholders of Twin Butte ("Shareholders") vote FOR the previously announced arrangement in respect of Twin Butte, the Shareholders and the debentureholders of Twin Butte ("Debentureholders" and together with the [Read more]
Crude-by-rail shipments on steady decline month-over-month in 2016: StatsCan
CALGARY - Shipments of crude-by-rail have shown a steady decline this year and railway executives see little hope of a quick turnaround. The latest data from Statistics Canada, released Wednesday, reveal shipments of railcars filled with fuel and crude oil have dropped every month since January, both compared with the previous month and the same month the year before. May saw the highest drop, plunging by a third to 6,566 rail cars, as the wildfire hazard in Fort McMurray, [Read more]
Gear Energy Ltd. and Striker Exploration Corp. Announce Closing of Arrangement
CALGARY, ALBERTA--(Marketwired - July 27, 2016) - Gear Energy Ltd. ("Gear") (TSX:GXE) and Striker Exploration Corp. ("Striker") (TSX VENTURE:SKX) are pleased to announce the successful completion of the combination of the two companies pursuant to the previously announced plan of arrangement (the "Arrangement"). Pursuant to the Arrangement, shareholders of Striker received 2.325 Gear common shares ("Gear Shares") for each Striker common share ("Striker Share"). As a result, Gear has [Read more]
Clinton Campaign Says A Carbon Tax Not Out Of The Question
Democratic presidential nominee Hillary Clinton is not completely opposed to a carbon tax, her campaign chair said Tuesday. “Right now we’ve not proposed a carbon tax,” John Podesta told an audience Tuesday at a climate change event in Philadelphia during the Democratic National Convention. “We believe we can get the job done. But if Congress wants to come forward with one, we’ll take a look at it.” The Democratic Party included a carbon tax plank in the party platform Tuesday to address [Read more]
Giant hose awaits pumps to move vital water into Saskatchewan city
PRINCE ALBERT, Sask. - Saskatchewan Premier Brad Wall says his top concern right now is making sure communities affected by an oil spill have enough drinking water and the wider debate over pipelines can wait. "We need to make sure that drinking water is available, that potable water is available to communities affected by this. That's the first challenge," he said Wednesday in Regina. "We'll get into the debate on pipelines versus rail or how we move oil across this country at a [Read more]
XI Technologies Adds Forecasting to LLR Module
Don’t be fooled into buying the wrong set of assets. LLR Analysis module in AssetBook now includes forecasting. A&D professionals can now compare and evaluate different opportunities and forecast their future LLR ratings to find the best opportunity for their company. XI Technologies first released the LLR Analysis module as an add-on to the AssetBook in early February. This was in direct response to our industry’s need to have a strong understanding of LLR status and the potential [Read more]
Gear Energy Ltd. and Striker Exploration Corp. Announce Shareholder and Court Approvals of Plan of Arrangement
CALGARY, ALBERTA--(Marketwired - July 26, 2016) - Gear Energy Ltd. ("Gear") (TSX:GXE) and Striker Exploration Corp. ("Striker") (TSX VENTURE:SKX) are pleased to announce that today Striker received shareholder and court approval for the previously announced combination of the two companies pursuant to the previously announced plan of arrangement (the "Arrangement"). Gear also received shareholder approval of the issuance of Gear common shares ("Gear Shares") pursuant to the Arrangement. Pursuant [Read more]
Bonavista Energy Corporation Announces 2016 Second Quarter Results
CALGARY, ALBERTA--(Marketwired - July 26, 2016) - Bonavista Energy Corporation ("Bonavista") (TSX:BNP) is pleased to report to shareholders its financial and operating results for the three and six months ended June 30, 2016. Operating and cash costs improved to $5.58 per boe and $9.51 per boe in the second quarter of 2016 resulting in a 21% and 16% improvement relative to the prior year period, supporting Bonavista's emphasis on cost reductions and efficiency improvements. The unaudited [Read more]