CALGARY, ALBERTA--(Marketwired - Sept. 15, 2014) - Arsenal Energy Inc. ("Arsenal" or the "Company") (TSX:AEI) (PINKSHEETS:AEYIF) is pleased to release an operations update. At Princess, Alberta, Arsenal has completed all tie-in operations, battery debottlenecking and water disposal upgrades. Current total production from Princess is approximately 1,500 barrels of oil equivalent ("boe") per day (80% oil). In August, Arsenal commissioned Deloitte LLP, to prepare an independent reserve [Read more]
Headlines
Liquefied natural gas projects in British Columbia want federal tax break:Globe
TORONTO - There's a report that the players behind major liquefied natural gas projects in British Columbia are lobbying Ottawa for tax relief.The Globe and Mail newspaper reports that the newly formed B.C. LNG Developers Alliance, representing four of the largest proponents of LNG exports from the West Coast, want their planned multibillion-dollar terminals treated as manufacturing operations to gain tax concessions.The Globe says the alliance is arguing that it is in the national interest to [Read more]
Leucrotta Exploration Inc. Announces Completion of Non-Brokered Private Placement of Units
CALGARY, ALBERTA--(Marketwired - Sept. 15, 2014) - Leucrotta Exploration Inc. ("Leucrotta") (TSX VENTURE:LXE) is pleased to announce the completion of its previously announced offering of 7.65 million units of Leucrotta ("Units"), on a non-brokered private placement basis, to certain officers, employees and directors of Leucrotta, at a price of $1.70 per Unit for aggregate gross proceeds of approximately $13 million (the "Offering"), as described in the joint information circular of Crocotta [Read more]
Quattro Expands Exploration and Drilling Efforts, Signing a Binding Letter of Intent to Acquire Database and Pore Pressure Analysis for $800,000
CALGARY, ALBERTA--(Marketwired - Sept. 15, 2014) - Quattro Exploration and Production Ltd. ("Quattro" or the "Company") (TSX VENTURE:QXP) is pleased to announce that it has entered into an arms-length agreement (the "Letter of Intent" or "LOI") with an Alberta-based private company for the acquisition of the Company's well database for $800,000 and a GORR of 1.5% on targets developed utilizing the database within the Western Canadian Sedimentary Basin. Quattro intends to fund the Acquisition [Read more]
Strategic Oil & Gas Ltd. Provides Operational Update and Announces New Board Member
CALGARY, ALBERTA--(Marketwired - Sept. 15, 2014) - Strategic Oil & Gas Ltd. ("Strategic" or the "Company") (TSX VENTURE:SOG) announces that two recently completed Muskeg wells produced at a combined rate of 1,587 boe/d (83% oil). Strategic is also pleased to announce the addition of Mr. Michael Graham as an independent member to the Company's board of directors. Two west Muskeg wells 15-24 and 1-25 were recently brought on production and are free flowing oil wells. Over the last three days [Read more]
Oil associates asked B.C. government for gas plant exemption: documents
VANCOUVER - In January of this year, the Canadian Association of Petroleum Producers made a presentation to high-ranking officials in British Columbia's Environment Ministry, outlining changes they wanted to environmental review rules for natural gas projects.Those changes became law on April 14, but they didn't stay that way for long.An outcry from First Nations organizations forced an about-face from Environment Minister Mary Polak, who rescinded the revisions two days after they were passed [Read more]
New US sanctions target Russia’s largest bank, as well as energy and defence sectors
WASHINGTON - The United States hit Russia Friday with a new round of economic sanctions, levying penalties on Russia's largest bank and expanding financing restrictions on major energy and defence companies.The sanctions were imposed in co-ordination with the European Union, which unveiled its own package of penalties hours earlier. Officials said the parallel penalties are aimed at punishing Russia for deepening its provocations in Ukraine, including sending forces and weaponry across the [Read more]
Teine Energy Ltd. announces closing of private offering of senior unsecured notes
CALGARY, Sept. 12, 2014 /CNW/ - Teine Energy Ltd. ("Teine") has closed its previously announced senior unsecured notes offering (the "Notes Offering"). Teine has issued US$350 million in aggregate principal amount of 6.875% senior unsecured notes due in 2022 (the "Notes"). The Notes were issued pursuant to an indenture dated as of September 12, 2014, by and between Teine and Wilmington Trust, National Association, as trustee. The Notes have not been and will not be registered under the U.S. [Read more]
Chevron: decision on B.C. LNG project ‘economics-driven,’ won’t be rushed
CALGARY - Many hurdles remain before U.S. oil giant Chevron Corp. can decide the fate of its planned liquefied natural gas project in Kitimat, B.C., and finding a new partner is just one of them, CEO John Watson said Friday."It's not a schedule-driven project. It's an economics-driven project," Watson told reporters ahead of the annual Spruce Meadows Changing Fortunes Round Table in Calgary.This summer, Chevron's partner in the project, Texas-based Apache Corp., announced it was getting out of [Read more]
Nova Scotia’s premature action on fracking
CALGARY, AB/ Troy Media/ – Nova Scotia’s government recently announced it would table legislation to establish a moratorium on the practice of hydraulic fracturing (or “fracking”) for the production of natural gas in the province. The ban, which follows a lengthy report on the safety of hydraulic fracturing, is indefinite, but not permanent. (One is reminded of the saying that there is nothing more permanent than a temporary tax.). Nova Scotia’s Energy Minister Andrew Younger suggests Nova [Read more]