CALGARY, ALBERTA--(Marketwired - Oct. 1, 2014) - Pine Cliff Energy Ltd. ("Pine Cliff") (TSX VENTURE:PNE) is pleased to announce that the previously announced acquisition to acquire certain shallow natural gas assets in Alberta and Southern Saskatchewan for cash consideration of $100 million, prior to any adjustments (the "Acquisition"), has now closed. Concurrent with the closing of the Acquisition, Pine Cliff has increased its revolving credit facility to $70 million, of which $57 million is [Read more]
Headlines
Bellatrix announces transfer of listing from NYSE MKT to the New York Stock Exchange
CALGARY, Oct. 1, 2014 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE MKT: BXE) is pleased to announce that it will transfer the listing of its common shares from NYSE MKT to the New York Stock Exchange ("NYSE"). Bellatrix expects its common shares to begin trading on the NYSE on Monday, October 6, 2014, under its current ticker symbol "BXE". The Company's common shares will continue to trade on the NYSE MKT until the transfer is complete. The Company's common shares [Read more]
Kallisto Energy Corp. Announces Closing of Recapitalization Financing and Appointment of New Management Team
CALGARY, ALBERTA--(Marketwired - Oct. 1, 2014) - Kallisto Energy Corp. ("Kallisto" or the "Company") (TSX VENTURE:KEC) is pleased to announce that it has closed the previously announced Private Placement (the "Closing"), issuing an aggregate of approximately 296,296,296 units of Kallisto ("Units") at a price of $0.03375 per Unit and approximately 444,444,444 common shares of Kallisto ("Common Shares") at a price of $0.03375 per Common Share for total proceeds of approximately $25 million to the [Read more]
Artisan Energy Announces Letter of Intent to Acquire MOGL Corp. & Spur Energy Corp., Up to $2 Million Private Placement, Proposed Director Appointments and Proposed Share Consolidation
CALGARY, ALBERTA--(Marketwired - Oct. 1, 2014) - Artisan Energy Corporation ("Artisan" or the "Corporation") (TSX VENTURE:AEC) is pleased to announce that it has signed a letter of intent (the "LOI") to acquire all of the issued and outstanding shares (the "Acquisition") of each of MOGL Corp. ("MOGL") and Spur Energy Corp. ("Spur"), private oil and gas exploration and production companies with operations in Western Canada. Total consideration expected to be paid by Artisan for MOGL is 10,810,000 [Read more]
Whitecap Resources Inc. Announces Closing of Previously Announced Acquisition of a Controlling Interest in a Premier Sweet Light Oil Pool
CALGARY, Oct. 1, 2014 /CNW/ - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX: WCP) is pleased to announce that it has successfully completed its previously announced acquisitions to consolidate a controlling interest in a premier conventional Nisku light sweet oil pool at Elnora, Alberta located just 50 miles east of its Garrington core area (the "Acquisition"). The aggregate purchase price of the Acquisition was $266.7 million, which is net of customary closing adjustments. The [Read more]
Natives, residents slow traffic on Nova Scotia highway to protest gas project
STEWIACKE, N.S. - Mi'kmaq protesters and residents of a rural community slowed traffic on a Nova Scotia highway Wednesday in a bid to stop construction of a natural gas storage facility they fear will contaminate local waterways.Organizer Cheryl Maloney said about 100 people lined Highway 102 near Stewiacke to hand out pamphlets and wave placards as part of a peaceful protest about 60 kilometres north of Halifax.Maloney said First Nation bands want the $100-million project stopped because they [Read more]
TransCanada Sells 30 Per Cent Interest in Bison to TC PipeLines, LP
CALGARY, ALBERTA--(Marketwired - Oct. 1, 2014) - TransCanada Corporation (TSX:TRP)(NYSE:TRP) (TransCanada) today announced it has entered into an agreement to sell its remaining 30 per cent interest in Bison Pipeline LLC (Bison) to its master limited partnership, TC PipeLines, LP (NYSE: TCP) (the Partnership) for cash proceeds of US$215 million. The sale is expected to close on October 1, 2014. "The Bison transaction advances our previously stated commitment to sell the remainder of [Read more]
Lightstream Announces Closing of $378 Million Asset Sale
CALGARY, ALBERTA--(Marketwired - Oct. 1, 2014) - Lightstream Resources Ltd. (the "Company" or "Lightstream") (TSX:LTS) is pleased to announce the closing of our previously announced agreement with Crescent Point Energy Ltd. to sell the remaining assets in our southeast Saskatchewan Conventional business unit for gross proceeds of $378.4 million. Proceeds include cash consideration of $375 million (before customary adjustments) and three key parcels of Bakken rights valued at $3.4 million that [Read more]
Emissions control and LNG tax coming for B.C. fall sitting: finance minister
VICTORIA - The issue of a liquefied natural gas tax is set to heat up debate during British Columbia's fall legislative session, but the potentially controversial issue of emissions controls is also part of the package.Finance Minister Mike de Jong said the Liberal government plans to introduce two separate pieces of legislation focusing on LNG — taxes and emissions reporting.De Jong said the tax legislation will be tabled within the next two weeks and the emissions reporting bill is due in late [Read more]
Cardinal Energy Ltd. Announces Closing of Second Wainwright Acquisition
CALGARY, ALBERTA--(Marketwired - Oct. 1, 2014) - Cardinal Energy Ltd. ("Cardinal") (TSX:CJ) is pleased to announce that it has completed its previously announced acquisition in the Wainwright area of Alberta. The acquired assets are 99.4% operated, include a high working interest in the associated facilities and are consistent with our strategy of building a solid low decline production base. Wainwright is a new core area for Cardinal and the assets acquired immediately offset Cardinal's current [Read more]