CALGARY, Oct. 6, 2014 /CNW Telbec/ - Exall Energy Corporation ("Exall" or the "Company") (TSX:EE and TSX:EE.DB) announced today that further to its September 25, 2014 announcement, one of the syndicate members that was providing the underlying funding for a debenture purchase agreement (the "Agreement") with a private Canadian lender (the "Lender") has agreed as a preliminary step to pay out Exall's existing facility with Exall's current senior Canadian lender (the "Facility') in full, in [Read more]
Headlines
Contact Exploration Announces New VP Finance & CFO
CALGARY, ALBERTA--(Marketwired - Oct. 6, 2014) - Contact Exploration Inc. ("Contact" or the "Company") (TSX VENTURE:CEX) is pleased to announce the appointment of Mr. Chad Kalmakoff as Vice President, Finance & Chief Financial Officer effective today. Mr. Kalmakoff brings extensive financial experience, most recently as Vice President, Finance and CFO with Corinthian Exploration Corp., a successful private oil and gas company acquired by Legacy Oil + Gas Inc. earlier in 2014. Prior [Read more]
Ikkuma Resources Corp. Announces a $65 million Capital Expenditure Budget for Q4 2014 & 2015
CALGARY, Oct. 6, 2014 /CNW/ - Ikkuma Resources Corp. ("Ikkuma" or the "Corporation") is pleased to announce that the Corporation's Q4 2014 & 2015 capital expenditure budget, in the amount of $65 million, has been approved by the Corporation's Board of Directors. Ikkuma has built a drilling schedule consisting of approximately 25 (19 net) drill locations, based on by-pass pay, which represents more than 2 years of drilling inventory. Most of Ikkuma's operations are expected to be executed [Read more]
Vancouver mayor makes pipeline fight a key plank of re-election campaign
VANCOUVER - The mayor of British Columbia's most populous city is making his fight against Kinder Morgan's oil pipeline expansion a key plank of his re-election campaign.British Columbia municipalities go to the polls on Nov. 15 and Vancouver Mayor Gregor Robertson and his Vision Vancouver party released an environmental platform Sunday that makes the Trans Mountain expansion proposal its top priority."Mayor Robertson and Vision will continue to say a loud, firm `No' to the federal government [Read more]
B.C.’s anticipated LNG tax expected to dominate debate at B.C. legislature
VICTORIA - Liquefied natural gas is poised to get top billing during the British Columbia fall legislative session, but the Opposition and environmental groups have plans to shift the focus.Politicians return to the legislature Monday for a session scheduled to last until Nov. 27.Lt.-Gov. Judith Guichon will read a throne speech that lays out the government's agenda.Finance Minister Mike de Jong said the Liberal government plans to introduce two separate pieces of legislation that focus on LNG, [Read more]
Seven Generations Energy Announces Contingent and Prospective Resource Update
CALGARY, Oct. 3, 2014 /CNW/ - Seven Generations Energy Ltd. ("7G" or the "Company") is pleased to announce the results of a recent independent resource evaluation performed by McDaniel & Associates Consultants Ltd. ("McDaniel"). McDaniel prepared the evaluation in compliance with the standards set out in National Instrument 51-101 of the Canadian Securities Administrators and the Canadian Oil and Gas Evaluation Handbook (COGEH). As of the effective date of the most recent assessment, July 1, [Read more]
Elkwater Resources Ltd. Announces Completion of Rights Offering
CALGARY, ALBERTA--(Marketwired - Oct. 3, 2014) - Elkwater Resources Ltd. (TSX VENTURE:ELW) ("Elkwater" or the "Corporation") is pleased to announce the completion of its previously announced rights offering to shareholders of Elkwater (the "Rights Offering"). Under the Rights Offering, holders of common shares of Elkwater ("Common Shares") subscribed for and purchased an aggregate of 4,398,757 Common Shares at a price of $0.10 per Common Share, resulting in gross proceeds to the Corporation of [Read more]
New Brunswick turns against fraccing, decides to remain “have-not” province
CALGARY, AB, Oct 3, 2014/ Troy Media/ – In the recent New Brunswick election, an unremarkable engineering activity apparently took front and centre: hydraulic fracking for natural gas, popularly known as fracking. The outgoing premier, David Alward, was clearly in favour of fracking. He campaigned on the theme that resource development, specifically shale gas development, would bring much-needed jobs to New Brunswick. Little risk from hydraulic fraccing In contrast, incoming premier [Read more]
Seven Generations Announces Hydraulic Fracturing Deal with Schlumberger Canada
CALGARY, Oct. 2, 2014 /CNW/ - Seven Generations Energy Ltd. ("7G" or the "Company") is pleased to announce that it has reached agreement with Schlumberger Canada ("Schlumberger") whereby Schlumberger will provide continuous service of one hydraulic fracture stimulation spread (the "Spread") with sufficient staffing to supply 24-hour operations to 7G. "Spread" is the industry term used to describe all of the equipment required to blend and pump the slurry used to hydraulically fracture deep [Read more]
Keyera Corp. Announces Executive Appointments
CALGARY, Oct. 2, 2014 /CNW/ - The Board of Dirctors of Keyera Corp. (TSX:KEY) ("Keyera") is pleased to announce that David Smith, currently Keyera's President and Chief Operating Officer, will become President and Chief Executive Officer and that Jim Bertram, currently Chief Executive Officer, will be assuming the role of Executive Chair of the Board of Directors, all effective January 1, 2015. In connection with these changes, Douglas Haughey will be appointed as Keyera's Independent Lead [Read more]