CALGARY, ALBERTA--(Marketwired - Feb. 27, 2014) - Petrus Resources Ltd. ("Petrus" or the "Company") is pleased to announce an asset acquisition in its core foothills area and provide a general operational update, including information on its 2014 capital budget and increased credit facilities. ASSET ACQUISITION Petrus has entered into a purchase and sale agreement to acquire oil and natural gas assets from a working interest partner in the central Alberta foothills (the "Acquisition"). [Read more]
Headlines
Harper should shoulder part of blame for Keystone delays: Joe Clark
WASHINGTON - Joe Clark is telling a Washington audience that the Harper government deserves some of the blame if the Keystone XL pipeline is stalled. The former prime minister and foreign-affairs minister is in the U.S. for a panel discussion on his new book about foreign policy. The book is deeply critical of the Harper Tories for a "megaphone" approach to foreign policy — marked by loud grandstanding and little constructive engagement with the world. The Harper government made a big [Read more]
Manitok Energy Announces an Agreement to Sell 777 boe/d in the Central Alberta Foothills for $22.85 Million
CALGARY, ALBERTA--(Marketwired - Feb. 27, 2014) - Manitok Energy Inc. (the "Corporation" or "Manitok") (TSX VENTURE:MEI) is pleased to announce that it has entered into a definitive agreement to sell certain oil and gas assets in the Central Alberta Foothills (the "Asset Disposition") for gross proceeds to Manitok of $22.85 million, less closing adjustments of approximately $0.85 million. The Asset Disposition includes approximately 777 boe/d (34% sweet natural gas, 60% sour natural gas and [Read more]
Questerre Updates on Activities in Quebec
CALGARY, ALBERTA--(Marketwired - Feb. 27, 2014) - Questerre Energy Corporation ("Questerre" or the "Company") (TSX:QEC)(OSLO:QEC) reported today on recent developments in Quebec. The committee responsible for conducting the Strategic Environmental Assessment ("SEA") on shale gas development released its synthesis report last week. The findings from this report will lay the groundwork for the next stage of the assessment of the shale gas industry. This will be a series of public consultations [Read more]
Alexander Energy Ltd. Announces Effective Date of Share Consolidation and Name Change
CALGARY, ALBERTA--(Marketwired - Feb. 26, 2014) - Alexander Energy Ltd. (TSX VENTURE:ALX) ("Alexander" or the "Corporation") is pleased to announce that it has implemented its previously approved consolidation of the common shares of the Corporation (the "Common Shares") on the basis of one new Common Share for four existing Common Shares (the "Consolidation") and a name change to "Spartan Energy Corp." (the "Name Change"). The Consolidation and Name Change were approved at the special meeting [Read more]
Chinook Energy Inc. Announces its December 31, 2013 Reserves, Operations Update and Renewal of Credit Facilities
CALGARY, ALBERTA--(Marketwired - Feb. 26, 2014) - Chinook Energy Inc. ("Chinook" or the "Company") (TSX:CKE) today announced the results of its year-end reserve evaluations effective December 31, 2013 as prepared by its independent evaluators. The Company has also provided an operations update and an update on the renewal of its credit facilities. Chinook's audit of its 2013 annual consolidated financial statements is not yet complete and accordingly all financial amounts referred to in this [Read more]
State Department IG Keystone XL contractor followed federal rules
WASHINGTON - The State Department's inspector general says a contractor that helped write an environmental review of the proposed Keystone XL oil pipeline complied with federal rules regarding possible conflict of interest.A report issued Wednesday said the contractor, Environmental Resources Management, fully disclosed its previous work with the pipeline operator, Calgary-based TransCanada. None of the work for TransCanada involved Keystone XL.London-based ERM largely wrote the State [Read more]
Oil up as US supplies rise less than expected; natural gas down
The price of oil rose Wednesday as U.S. oil supplies increased less than expected, but natural gas futures fell again on forecasts of warmer weather by the middle of March. Benchmark West Texas Intermediate crude for April delivery rose 76 cents to US$102.59 a barrel on the New York Mercantile Exchange. The U.S. Energy Department said crude oil supplies rose by 68,000 barrels last week, well below the increase of 1.5 million barrels expected by analysts surveyed by Platts. Supplies at the [Read more]
Mooncor Oil & Gas and Birch Lake Energy Announce Proposed Acquisition of Birch Lake by Mooncor
TORONTO, ONTARIO and CALGARY, ALBERTA--(Marketwired - Feb. 26, 2014) - Mooncor Oil & Gas Corp. ("Mooncor") (TSX VENTURE:MOO) and Birch Lake Energy Inc. ("Birch Lake") (TSX VENTURE:BLK) are pleased to announce that they have entered into a non-binding letter agreement (the "LOI") for the arm's length acquisition by Mooncor of 100% of the common shares of Birch Lake Energy Inc. ("Birch Lake") (TSX VENTURE:BLK). Pursuant to the terms of the LOI, the acquisition is subject to completion of [Read more]
Yoho Resources Inc. Announces Fiscal Q1 2014 Financial Results
CALGARY, ALBERTA--(Marketwired - Feb. 26, 2014) - Yoho Resources Inc. ("Yoho" or the "Company") (TSX VENTURE:YO) has filed today on SEDAR the financial statements for the three months ended December 31, 2013 and the related managements' discussion and analysis ("MD&A"). Copies of these documents may be found on www.sedar.com. Highlights Subsequent to fiscal Q1 2014, Yoho completed a transaction to sell its assets at Nig, British Columbia to Storm Resources Ltd. ("Storm") for a total [Read more]