CALGARY, ALBERTA--(Marketwired - May 30, 2014) - Long Run Exploration Ltd. ("Long Run" or the "Company") (TSX:LRE) is pleased to announce the closing of the previously announced acquisition (the "Acquisition") of certain strategic oil and liquids-rich natural gas assets focused on the Cardium in the Deep Basin and Pine Creek areas of Alberta. Total consideration, after closing adjustments, was approximately $225 million, with a closing date of May 30, 2014 and an effective date of April 1, 2014. [Read more]
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Crew Announces Closing of Alberta Deep Basin Asset Disposition and Expansion of Its 2014 Montney Focused Capital Program
CALGARY, ALBERTA--(Marketwired - May 30, 2014) - Crew Energy Inc. (TSX:CR) ("Crew" or "the Company") is pleased to announce that it has closed its previously announced disposition of certain petroleum and natural gas assets (75% natural gas) focused primarily in the Deep Basin of Alberta, with an effective date of April 1, 2014. Full details regarding the disposition and concurrent acquisition of strategic Montney acreage were contained in Crew's press release dated April 9, [Read more]
Relentless Resources Announces Non-Brokered Private Placement Offering and Reserves Information Regarding Assets Being Purchased
CALGARY, ALBERTA--(Marketwired - May 30, 2014) - Relentless Resources Ltd. (TSX VENTURE:RRL) ("Relentless" or "the Company") announced today that it intends to complete a non-brokered private placement for up to $3.0 million dollars, made up of 4,166,666 flow through shares at $0.24/share and 10,000,000 common shares at $0.20/share. The shares will be subject to a four month hold period. A portion of the offering may be subscribed for by officers and directors of the Company. The proceeds of [Read more]
Mountainview Energy Ltd. Announces 2014 First Quarter Financial Results
CUT BANK, MT, May 30, 2014 /CNW/ - Mountainview Energy Ltd. ("Mountainview" or the "Company") (TSXV: MVW) is pleased to announce its operating and financial results for the three months ended March 31, 2014. Certain selected quarterly financial and operational information is outlined below and should be read in conjunction with Mountainview's reviewed unaudited interim consolidated financial statements and management's discussion and analysis ("MD&A") for the three months ended March 31, [Read more]
Desmond Tutu heads to Fort McMurray
FORT MCMURRAY, Alta. - South African Anglican Archbishop Desmond Tutu is expected to open a two-day conference on aboriginal treaties and the oilsands today by answering questions from reporters and taking an aerial tour of the massive industrial development. He is scheduled to appear with industry, aboriginal and political leaders in Fort McMurray. Tutu is to deliver the keynote address on Saturday. Tutu, who won the Nobel Peace Prize for his role in the fight against apartheid, has [Read more]
Seven Generations Energy Ltd. Reports First Quarter Results
CALGARY, May 29, 2014 /CNW/ - Seven Generations Energy Ltd. ("7G" or the "Company") is pleased to report its first quarter 2014 operating and financial results. First quarter production averaged a record 20,231 boe per day and funds from operations also set a record at nearly $54 million. Year over year first quarter production more than tripled from the first quarter of 2013, including a 75% increase from the fourth quarter of 2013. The Company drilled 10 wells in the quarter with a 100% [Read more]
Canadian Natural Resources Limited Prices C$1 Billion in 5.5 and 10 Year Notes
CALGARY, ALBERTA--(Marketwired - May 29, 2014) - Canadian Natural Resources Limited (TSX:CNQ) (NYSE:CNQ) ("Canadian Natural" or the "Company") announces that on May 29, 2014, it issued C$500 million principal amount of 2.60% unsecured notes due December 3, 2019 sold at a price of C$99.822 per $100 principal amount to yield 2.635% to maturity, and C$500 million principal amount of 3.55% unsecured notes due June 3, 2024 sold at a price of C$99.633 per $100 principal amount to yield 3.594% to [Read more]
Manitok Energy Inc. Announces Financial Results for the First Quarter of 2014 and an Operational Update
CALGARY, ALBERTA--(Marketwired - May 29, 2014) - NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA. Manitok Energy Inc. (the "Corporation" or "Manitok") (TSX VENTURE:MEI) announces its financial and operating results for the first quarter of 2014. The full text of Manitok's first quarter report containing its unaudited condensed interim financial statements as at and for the three months ended March 31, 2014 and the related management's [Read more]
Oil rises above US$103 a barrel after fall in supplies at key trading hub
The price of oil rose above US$103 barrel Thursday on a drop in supplies at the main U.S. oil trading hub and signs of growing gasoline demand in the United States. Benchmark West Texas Intermediate crude for July delivery rose 86 cents to close at US$103.58 a barrel on the New York Mercantile Exchange. On Wednesday, the Nymex contract dropped $1.39 to close at US$102.72. Brent crude, a benchmark for international oil used by many U.S. refineries, rose 16 cents to close at US$109.97 a [Read more]
Advantage Announces Increase in Credit Facility to $400 Million
(TSX: AAV, NYSE: AAV) CALGARY, May 29, 2014 /CNW/ - Advantage Oil & Gas Ltd. ("Advantage" or the "Corporation") announced today that its lenders have increased the Corporation's borrowing base from $300 million to $400 million following the completion of their annual review. Significant growth in Glacier's proven developed producing reserves combined with the recent production increase to approximately 135 mmcfe/d were key factors in the borrowing base expansion. The borrowing base [Read more]