CALGARY, Alberta and HONG KONG, Dec. 8, 2014 /CNW/ -- This announcement is made pursuant to Rule 17.06A of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules"). The board of directors of Sunshine Oilsands Ltd. (the "Corporation"; HKEX: 2012, TSX: SUO) announces that share options to acquire shares in the capital of the Corporation were granted by the Corporation to certain officers, employees and consultants under its share option [Read more]
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Christy Clark says Petronas LNG project is a ‘done deal’ despite delay
TORONTO - British Columbia's premier said Monday the province's multibillion-dollar agreement with Petronas to build a liquefied natural gas terminal is "done," while acknowledging the Malaysian energy giant still has hurdles to overcome before the project can go ahead.Petronas announced last week that it was putting off construction of its proposed LNG terminal near Prince Rupert, B.C., even though it was pleased with recent moves the province made to make the nascent industry more [Read more]
Government tables pipeline safety act that makes companies liable for costs and damages
QUEBEC - The Harper government has announced legislation it says is aimed at enhancing Canada's pipeline safety system. Natural Resources Minister Greg Rickford says the new pipeline safety act builds on previous actions that have been taken to prevent incidents.The latest measures in the legislation introduced Monday in the Commons include absolute liability for all National Energy Board-regulated pipelines.That means companies would be liable for costs and damages irrespective of fault — up to [Read more]
Energy stocks punished on Toronto market as oil prices continue to plunge
CALGARY - There were more signs of belt-tightening in the oilpatch Monday, as oil prices continued their downward slide and energy stocks were pummelled.Precision Drilling Corp. (TSX:PD) and Vermilion Energy Inc. (TSX:VET) were among the Canadian energy firms to cut capital budgets for next year, in addition to Trilogy Energy Corp. (TSX:TET), which is also halting its dividend "given the current market environment."U.S. benchmark crude for January delivery was down more than four per cent from [Read more]
Arsenal Energy Inc. Announces Closing of Bought Deal Financing Including Exercise of Over-Allotment Option
CALGARY, ALBERTA--(Marketwired - Dec. 8, 2014) - Arsenal Energy Inc. ("Arsenal" or the "Company") (TSX:AEI) announces it has closed its previously announced bought deal financing of 912,950 common shares on a "flow-through share" basis at a price of $9.95 per flow-through share ("Flow-Through Share"), which includes the exercise under the over-allotment option of 113,050 Flow-Through Shares, for aggregate gross proceeds of $9,083,852.50 (the "Financing"). The Financing was led by Paradigm [Read more]
Trilogy Energy Corp. Announces Intention to Implement a Normal Course Issuer Bid, Announces Discontinuance of Dividend and Provides 2015 Guidance
CALGARY, ALBERTA--(Marketwired - Dec. 8, 2014) - Normal Course Issuer Bid Trilogy Energy Corp. ("Trilogy") (TSX:TET) announced today that it intends to implement a normal course issuer bid ("NCIB") through the facilities of the Toronto Stock Exchange ("TSX") pursuant to which Trilogy would be able to purchase up to approximately 6,490,470 of its 105,150,110 common shares ("Common Shares") outstanding for a one year period at prevailing market prices on the TSX. The NCIB is subject to the [Read more]
Palliser Oil & Gas Corporation Announces Appointment of New Director and Resignation of Director
Calgary, AB / ACCESSWIRE / December 8, 2014 / Palliser Oil & Gas Corporation ("Palliser") (TSXV:PXL) announces the appointment of Kelly D. Kerr as a new board member and the resignation of Jeffrey C. Saponja from the Palliser Board of Directors. Mr. Kerr will serve on, and chair, the Palliser audit committee. Mr. Kerr has more than 28 years of experience working with various public and private oil and gas exploration companies. Mr. Kerr has held senior executive positions in junior public [Read more]
Relentless Resources Announces Non-Brokered Private Placement
CALGARY, ALBERTA--(Marketwired - Dec. 8, 2014) - Relentless Resources Ltd. (TSX VENTURE: RRL) ("Relentless" or the "Company") is pleased to announce that it intends to complete a non-brokered private placement for up to $2.0 million comprised of up to 4,444,445 common shares of the Company ("Common Shares") at a price of $0.225 per Common Share and up to 3,703,704 Common Shares to be issued on a "flow-through" basis pursuant to the Income Tax Act (Canada) (the "Tax Act") ("Flow-Through Shares") [Read more]
3MV Energy Announces Results of Phase I Fiske Drilling Program and Provides Operational Update
CALGARY, Dec. 8, 2014 /CNW/ - 3MV Energy Corp. ("3MV" or the "Company") (TSXV: TMV) is pleased to announce that the Phase I drilling program in its core area of Fiske, Saskatchewan has been completed resulting in 100% success of six new producing oil wells. The Fiske prospect is an area defined by 3MV and is approximately 12 miles south west of Rosetown, Saskatchewan. 3MV continues to maintain a fifty per cent working interest in excess of 50 contiguous sections. Phase II Fiske drilling is [Read more]
Vermilion Energy Inc. Announces 2015 Guidance
CALGARY, Dec. 8, 2014 /CNW/ - Vermilion Energy Inc. ("Vermilion", "We", or "Our") (TSX, NYSE: VET) is pleased to announce that our Board of Directors has approved a capital program of $525 million for 2015, a decrease of $150 million (22%) from our projected 2014 capital program expenditures of approximately $675 million. In light of the decrease in crude oil prices since mid-2014, we have reduced our 2015 capital investment plans to ensure the continued strength of our balance sheet and the [Read more]