CALGARY, AB--(Marketwired - April 11, 2016) - Kelt Exploration Ltd. ("Kelt" or the "Company") (TSX: KEL) is pleased to announce that it has increased the size of its previously announced public offering (the "Offering"), on a "bought deal" basis, to $75.0 million principal amount of convertible subordinated unsecured debentures (the "Debentures") at a price of $1,000 per Debenture. The Offering is being made through a syndicate of underwriters co-led by Peters & Co. Limited and FirstEnergy [Read more]
Headlines
Major pipeline projects popular with AB small business
Calgary, April 11, 2016 – The vast majority of entrepreneurs in Alberta want market access for the province’s natural resources to be a top priority, according to recent survey findings from the Canadian Federation of Independent Business (CFIB). The results come as Premier Notley made a pledge to promote getting a pipeline approved in her televised address this past Thursday. Independent business owners in Alberta were asked: Do you support or oppose the following proposed pipeline [Read more]
PrairieSky Royalty’s Lithic Mannville: Significant New Oil Opportunities
PrairieSky Royalty Ltd. has prepared a technical presentation on the updated Upper Mannville Lithic channel potential of the Southern and West-Central Plains of Alberta for Industry participants interested in pursuing an opportunity to develop this play on PrairieSky’s fee title lands. It will be focused on oil opportunities in the Glauconitic and Post Glauconitic as presented to the CSPG GeoConvention 2016. PrairieSky reserves the right to invite a selective group from those expressing [Read more]
Kelt Exploration Announces $80.0 Million Convertible Debenture Financing and Strategic Property Acquisition at Progress, Alberta
CALGARY, AB --(Marketwired - April 11, 2016) - Kelt Exploration Ltd. (TSX: KEL) Kelt Exploration Ltd. ("Kelt" or the "Company") is pleased to announce that it has entered into an agreement with a syndicate of underwriters (the "Underwriters"), co-led by Peters & Co. Limited and FirstEnergy Capital Corp., pursuant to which the Underwriters will purchase $65.0 million principal amount of convertible subordinated unsecured debentures (the "Debentures") at a price of $1,000 per Debenture (the [Read more]
Veresen seeks new U.S. regulatory hearing on request for Jordan Cove LNG project
CALGARY - Veresen Inc. (TSX:VSN) is making another attempt to get U.S. regulatory approval for the Jordan Cove liquefied natural gas project.The Calgary-based company confirms that it has asked the U.S. Federal Energy Regulatory Commission to reconsider its opposition to the terminal and an associated pipeline to Oregon's coast at the port of Coos Bay.The U.S. energy regulator rejected the application on March 11, in part because Veresen didn't have signed sales contracts.In the following weeks, [Read more]
Whitecap Resources Inc. Announces Increased 2016 Guidance and Revised Dividend
CALGARY, April 11, 2016 /CNW/ - Whitecap Resources Inc. ("Whitecap" or the "Company") announces an increase to its 2016 capital program by $78 million to $148 million from the previous guidance of $70 million. The increased capital program will be funded by reducing the monthly dividend to $0.0233 per share ($0.28 per share annually) from the current monthly dividend level of $0.0375 per share ($0.45 per share annually) and increased funds flow. This proactive reallocation of funds flow will [Read more]
Veresen Announces Submission of Request for Rehearing to FERC and Execution of Natural Gas Transportation Agreements
CALGARY, ALBERTA--(Marketwired - April 11, 2016) - Veresen Inc. ("Veresen") (TSX:VSN) announces that Jordan Cove Energy Project, L.P. ("JCEP") and Pacific Connector Gas Pipeline, LP ("Pacific Connector") have submitted to the Federal Energy Regulatory Commission ("FERC") a request for rehearing of FERC's order issued on March 11, 2016 denying their applications for authorization to construct and operate the Jordan Cove LNG terminal and the Pacific Connector Gas Pipeline. Veresen and Pacific [Read more]
Pembina Pipeline Corporation and Kuwait’s PIC Evaluate World-Scale Integrated Polypropylene Facility in Alberta
CALGARY, April 11, 2016 /CNW/ - Pembina Pipeline Corporation ("Pembina" or "the Company") (TSX: PPL; NYSE: PBA) is pleased to announce a joint feasibility study with the Petrochemical Industries Company K.S.C. ("PIC"), a subsidiary of the Kuwait Petroleum Corporation, for the evaluation of a world-scale combined propane dehydrogenation ("PDH") and polypropylene upgrading facility in Alberta (the "Project"). This Project represents an opportunity to develop crucial new market demand for [Read more]
Keystone pipeline reactivated at low pressure following spill in South Dakota
SIOUX FALLS, S.D. - Oil is flowing once again through the Keystone pipeline after a leak in South Dakota caused a shutdown that lasted more than a week.TransCanada says in a news release that the cross-border line was restarted Sunday following permission that was granted by the Pipeline and Hazardous Materials Administration in the U.S.The company says the line will operate at a reduced pressure as part of the plan that was approved to return it to service.The leak, which was reported April 2, [Read more]
Alberta Finance Minister touts fiscal restraint ahead of next week’s budget
CALGARY - Alberta Finance Minister Joe Ceci says the government is committed to responsibly managing tax dollars without "knee-jerk" cuts to social programs.Looking forward to the April 14 budget, Ceci says the NDP government plans to constrain spending without compromising services.Addressing the Canadian Club in Calgary, he said the government's goal is to "hold budgetary increases to below population growth plus inflation levels."He reiterated many of Premier Rachel Notley's comments in her [Read more]