CALGARY, ALBERTA--(Marketwired - Aug. 20, 2014) - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX:WCP) is pleased to announce that we have successfully entered into agreements to acquire and consolidate a controlling interest in a premier conventional Nisku light sweet oil pool at Elnora, Alberta located just 50 miles east of our Garrington core area for total cash consideration of approximately $266.7 million (the "Acquisition"). The Acquisition adds 2,500 boe/d (90% oil and NGLs) of [Read more]
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PanTerra enters into agreement to acquire additional assets in the Alberta foothills
CALGARY, Aug. 20, 2014 /CNW/ - PanTerra Resource Corp. ("PanTerra" or the "Corporation") (TSX VENTURE:PRC) is pleased to announce that it has entered into an arm's length purchase and sale agreement dated August 19, 2014 (the "Purchase and Sale Agreement") with a public Canadian oil and gas company to acquire (the "Acquisition") certain petroleum and natural gas assets located in several areas of the Western Canadian foothills, including the Brown Creek, Stolberg, Deanne, Burnt Timber, Moose, [Read more]
Contact Exploration’s Kakwa Development Continues With Successful Multi-well Pad Drilling
CALGARY, ALBERTA--(Marketwired - Aug. 20, 2014) - Contact Exploration Inc. ("Contact" or the "Company") (TSX VENTURE:CEX) is pleased to announce that the three Contact operated wells, at 2-18-63-5 W6M, 8-20-63-5 W6M and 9-20-63-5 W6M (collectively, the "New Wells"), drilled from the Company's first three-well pad, have each been successfully completed. Contact holds a 25% working interest in the New Wells. Each of the New Wells was drilled with lateral lengths exceeding 1,900 meters, being [Read more]
Donnycreek Provides Kakwa Operations Update
CALGARY, ALBERTA--(Marketwired - Aug. 20, 2014) - Donnycreek Energy Inc. ("Donnycreek" or the "Company") (TSX VENTURE:DCK) reports that all three 50% working interest wells 2-18-63-5 W6M, 8-20-63-5 W6M and 9-20-63-5 W6M (collectively "New Wells") from the Company's first three-well pad ("7-19 Pad") have been successfully completed and flow tested. Each of the New Wells from the 7-19 Pad were drilled with lateral lengths that extend approximately 1,900 metres which are all longer than wells [Read more]
Vermilion Energy Inc. Releases 2013 Sustainability Report
CALGARY, Aug. 20, 2014 /CNW/ - Vermilion Energy Inc. ("Vermilion", the "Company", "We" or "Our") (TSX, NYSE: VET) is pleased to announce the release of our first Sustainability Report detailing our efforts to generate environmental, social, and economic benefits for all stakeholders. This inaugural report provided a framework for describing how we approach sustainability in our operations, and to recognize our achievements, detail our challenges and establish targets for progress. "Embedding [Read more]
Kinder Morgan doesn’t need permission to study Burnaby Mountain route: NEB
VANCOUVER - The National Energy Board has sided with Kinder Morgan in a dispute with the City of Burnaby over access to Burnaby Mountain.The company can proceed with necessary studies of its preferred pipeline route through the mountain without the city's consent.In a decision released Tuesday, the National Energy Board confirmed that under federal legislation the company doesn't need permission to access the land that is home to Simon Fraser University and a vast nature preserve."It would not [Read more]
Canadian Spirit Resources Inc. Announces Second Quarter 2014 Financial Results
CALGARY, ALBERTA--(Marketwired - Aug. 19, 2014) - Canadian Spirit Resources Inc. ("CSRI" or the "Corporation") (TSX VENTURE:SPI)(OTCBB:CSPUF) announces the release of its interim financial results and Management Discussion and Analysis ("MD&A") for the three and six month periods ended June 30, 2014. This news release summarizes information contained in the unaudited interim condensed financial statements and MD&A for the three and six month periods ended June 30, 2014 and should not be [Read more]
Relentless Announces Q2 2014 Financial and Operating Results
CALGARY, ALBERTA--(Marketwired - Aug. 19, 2014) - Relentless Resources Ltd. ("Relentless" or "the Company") (TSX VENTURE:RRL) announces that it has issued its June 30, 2014 condensed interim financial statements and related MD&A. Additional information about Relentless is available on SEDAR at www.sedar.com or on the Company`s website at www.relentless-resources.com. Corporate Update On June 27, 2014, Relentless closed a non-brokered private placement for gross proceeds of $3.75 [Read more]
Trudeau blasts Harper for bungling pipelines needed by Alberta, PM’s home turf
EDMONTON - Justin Trudeau moseyed into Harper country Tuesday and accused the prime minister of being "all hat and no cattle" when it comes to pipelines.The Liberal leader and his three dozen MPs were in the capital of Alberta, Prime Minister Stephen Harper's home province, to plot strategy for the coming pre-election year.The Liberals have high hopes of making a breakthrough in Alberta, long a rock-solid Conservative fortress, in the 2015 election. The province has been a wasteland for Liberals [Read more]
Magnum Energy Announces Private Placement Offering
CALGARY, ALBERTA--(Marketwired - Aug. 19, 2014) - MAGNUM ENERGY INC. (the "Corporation" or "Magnum") (TSX VENTURE:MEN) is pleased to announce that, further to its news release dated August 1, 2014, the Corporation has completed its non-brokered private placement of 4,000,000 units ("Units") at a price of $0.05 per Unit for aggregate gross proceeds of $200,000 (the "Offering"). Each Unit is comprised of one common share ("Share") and one share purchase warrant of the Company ("Warrant"). Each [Read more]