CALGARY, ALBERTA--(Marketwired - Dec. 17, 2013) - Atikwa Resources Inc. (the "Company") (TSX VENTURE:ATK) The Board of Directors of Atikwa Resources Inc. has accepted the resignation of Lindsey Mitchell. The Board of Directors now stands at five members who are, Andrew Watts, Mackenzie Loree, Steve May, Jim Garnett and Mike Stark. Litigation with our Farm-out partner, Antler Resources, is in the process of being mutually terminated. In the best interest of both parties and our [Read more]
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Athabasca Oil Corporation Announces Initial 2014 Capital Budget
CALGARY, Dec. 17, 2013 /CNW/ - Athabasca Oil Corporation (TSX: ATH) ("Athabasca" or "the Company") announces its initial 2014 capital budget. Athabasca's board of directors approved a capital budget of $460 million, comprised of $348 million for Thermal Oil, $106 million for Light Oil and the remainder for Corporate activities, excluding capitalized general and administrative costs and interest. Athabasca is committed to capital discipline. The Company has undertaken a comprehensive review of [Read more]
Cardinal Energy Ltd. Announces Closing Initial Public Offering
CALGARY, ALBERTA--(Marketwired - Dec. 17, 2013) - Cardinal Energy Ltd. (TSX:CJ) ("Cardinal") is pleased to announce that it has closed its initial public offering (the "Offering") of 21,428,571 common shares ("Common Shares") at a price of $10.50 per Common Share. The gross proceeds from the Offering totalled approximately $225 million. The Offering was underwritten by a syndicate of underwriters co-led by RBC Capital Markets and CIBC and included GMP Securities L.P., Macquarie Capital [Read more]
Softrock farms out Spirit River, Alberta, oil lease
CALGARY, Dec. 17, 2013 /CNW/ - Softrock Minerals Ltd." or the "Company") (TSXV: SFT) is pleased to report that the Company and its 50% joint venture partner, Greencastle Resources Ltd., have jointly farmed out their 100% working interest in their 640 acre petroleum and natural gas (P&NG) lease in the Spirit River area of Northwest Alberta to an operator which is active in the area. The terms of the agreement include an upfront payment to Softrock and Greencastle of $400,000 along with a [Read more]
Judge grants injunction against Lubicon
CALGARY - A Calgary judge has granted an injunction against an anti-fracking blockade of an energy company's drilling site in northern Alberta.A news release from the Lubicon Lake Nation says the judge sided with PennWest Exploration (TSX:PWT).The release says PennWest wanted a week-long injunction but the judge went beyond that request and granted a six-month injunction.Lubicon Lake Nation spokeswoman Cynthia Tomlinson says it is not the end of the fight "on the land or in the courts."The [Read more]
Harvest Operations Corp. Announces 2014 Capital Budget
CALGARY, ALBERTA--(Marketwired - Dec. 16, 2013) - Harvest Operations Corp. ("Harvest" or the "Company") announces that the Board of Directors has approved a 2014 capital expenditure budget of $620 million, to be funded with cash from operations and available credit facilities. 2014 CAPITAL BUDGET HIGHLIGHTS Harvest has established a capital expenditure budget of $620 million for 2014 comprised of $350 million for Upstream oil & gas operations, $131 million the BlackGold oil [Read more]
NEB Approves Four LNG Export Licence Applications
CALGARY, Dec. 16, 2013 /CNW/ - The National Energy Board (NEB or Board) has approved applications for 25 year natural gas export licences to export liquefied natural gas (LNG) to: Prince Rupert LNG Exports Ltd. for a maximum term amount of 824.58 109 m3, Pacific NorthWest LNG Ltd. for a maximum term amount of 798.96 109 m3, WCC LNG Ltd. for a maximum term amount of 1,103 109 m3, and Woodfibre LNG Export Pte. Ltd. for a maximum term amount of 85.52 109 m3. Issuance of the licences to export LNG [Read more]
LGX Oil + Gas Inc. Announces Significant Big Valley Well Test Results
CALGARY, Dec. 16, 2013 /CNW/ - LGX Oil + Gas Inc. ("LGX" or the "Company") (TSXV: OIL) is pleased to provide completion results from recent southern Alberta drilling activity. LGX's Big Valley (Three Forks) Formation horizontal well at 13-2-9-24 W4M was recently completed with a 20 stage hydraulic fracture stimulation and has achieved the following extended production test results. The 13-2 well has been flowing back for 136 hours up a 4.5 inch diameter frac string and has produced 9,360 Bbl of [Read more]
MARKETING MACHINE! Redford heads to India to promote Alberta service companies at world’s biggest oil and gas show
EDMONTON - Alberta Premier Alison Redford is heading to India in the new year.The premier says she will lead a trade mission from Jan. 8 to 19, to go to Petrotech, the largest oil and gas trade show in the Asian nation.Redford says she is going with representatives from Alberta service companies.She will also use the tour to open Alberta's new trade office in New Delhi.The tour will also include stops in Bangalore and possibly Mumbai.Redford says they will also explore opportunities in new [Read more]
Trans Mountain Files Facilities Expansion Application with the National Energy Board
CALGARY--(BUSINESS WIRE)--Trans Mountain Pipeline ULC (Trans Mountain) operated by Kinder Morgan Canada and owned by Kinder Morgan Energy Partners, L.P. (NYSE: KMP), today filed a Facilities Application with its regulator, the National Energy Board (NEB), for authorization to build and operate the necessary facilities for the company’s proposed Trans Mountain expansion project. The application addresses all issues previously identified by the NEB, including environmental, socio-economic, [Read more]