CALGARY, ALBERTA--(Marketwired - March 4, 2014) - Tourmaline Oil Corp. (TSX:TOU) ("Tourmaline") is pleased to announce that it has entered into an agreement with Santonia Energy Inc. (TSX: STE) ("Santonia") pursuant to which Tourmaline will acquire all of the issued and outstanding common shares of Santonia on the basis of 0.03012 of a Tourmaline common share for each Santonia common share. The acquisition will be effected by statutory plan of arrangement (the "Arrangement"). Based on the [Read more]
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Santonia Energy Inc. Announces Arrangement, Operations Update & 2013 Year End Reserves Summary
CALGARY, ALBERTA--(Marketwired - March 4, 2014) - Santonia Energy Inc. ("Santonia" or the "Company") (TSX:STE) is pleased to announce that it has entered into an arrangement agreement (the "Arrangement Agreement") with Tourmaline Oil Corp. ("Tourmaline") (TSX: TOU) pursuant to which Tourmaline, has agreed to acquire all of the issued and outstanding common shares (the "Common Shares") of Santonia on the basis of 0.03012 of a Tourmaline common share ("Tourmaline Shares") for each outstanding [Read more]
Lightstream Announces 9% Production Growth, $112 Million of Dispositions, Updated Guidance, and 2013 Year-End Reserves
CALGARY, ALBERTA--(Marketwired - March 3, 2014) - Lightstream Resources Ltd. (TSX:LTS) ("Lightstream" or the "Company") is pleased to provide an update on our 2013 fourth quarter and current operations, announce $112 million of asset dispositions, updated 2014 guidance as a result of the dispositions, and report our year-end 2013 reserves. The Company's annual audit of our consolidated financial statements is not yet complete and accordingly all financial and production amounts herein are [Read more]
Enbridge to Undertake $7 Billion Mainline Replacement Program
CALGARY, ALBERTA and HOUSTON, TEXAS--(Marketwired - March 3, 2014) - Enbridge Inc. (TSX:ENB) (NYSE:ENB) and Enbridge Energy Partners, L.P. (NYSE:EEP) today announced they have received shipper support for a $7 billion investment in their Canadian and U.S. mainline system running from Edmonton, Alberta to Superior, Wisconsin. The Line 3 Replacement (L3R) Program will complement the existing Line 3 segment replacement program and include all remaining segments of Line 3 between Hardisty, Alberta [Read more]
First Mountain Exploration Ltd. Announces Horizontal Well Results At Atlee Buffalo
CALGARY, March 3, 2014 /CNW/ - First Mountain Exploration Ltd. ("First Mountain" or the "Company") (TSX Venture: FMX) wishes to advise that production testing by the Company in the Atlee Buffalo area of Alberta of the Glauconite formation at its recently drilled horizontal well, FMEL 03HZ ATL-BUFF 14-20-21-5W4M (the "Well"), has been completed and the Well has been placed on production. First Mountain has an 85% working interest in the Well. The test was conducted over a 93 hour period and [Read more]
Oilsands capital of Fort McMurray no crime capital: study
FORT MCMURRAY, Alta. - A study is suggesting that Alberta's oilsands capital is not the wild and woolly, crime-ridden boomtown it's sometimes painted to be."It seems clear, by looking carefully at the best available data, that crime is not rampant in the Regional Municipality of Wood Buffalo," writes author Neil Boyd, head of criminology at Simon Fraser University in British Columbia.Municipal officials put out a call for someone to do a crime study in Fort McMurray after repeated magazine and [Read more]
Altima Spuds Chambers 5-35-41-11 W5M Well
VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 3, 2014) - Altima Resources Ltd. (TSX VENTURE:ARH)(PINKSHEETS:ARSLF)(FRANKFURT:AKC) announces the Altima Chambers 5-35-41-11 W5M well spud this morning. The 5-35 well is to be drilled to a depth of approximately 3,090 meters into the Nordegg formation. The 5-35 well is the second well drilled under Altima's Participation Agreement with Whistler Oil and Gas Pty. Ltd. (refer to News Releases January 21, January 30, and December 13, 2013). The [Read more]
Police arrest hundreds of anti-Keystone protesters who strapped themselves to the White House
WASHINGTON (AP) — Police arrested hundreds of people who strapped themselves to the White House fence on Sunday to protest the proposed Keystone XL oil pipeline. The protesters were mostly college students who participated in a peaceful march that began at Georgetown University and ended outside the White House. They chanted “climate justice now” and carried signs with slogans such as “don’t tarnish the earth” in an effort to persuade President Barack Obama to reject the pipeline. They say it [Read more]
Crude oil prices jump $2 on Ukraine crisis as markets worry about sanctions against Russia
Oil prices jumped nearly two dollars a barrel Monday as Russia's military advance into Ukraine raised fears of economic sanctions against one of the world's major energy producers. Natural gas prices surged at the prospect of a decrease in global supplies.By early afternoon in Europe, benchmark U.S. crude for April delivery was up $1.92 to $104.51 a barrel in electronic trading on the New York Mercantile Exchange. On Friday, the Nymex contract added 19 cents to close at $102.59.Markets were [Read more]
Tuscany Announces 2013 Year End Reserves of 2.3 Million BOE, Having A Net Present Value (at 10%) of $39.0 Million
CALGARY, ALBERTA--(Marketwired - March 3, 2014) - Tuscany Energy Ltd. (TSX VENTURE:TUS) is pleased to provide a summary of the independent evaluation and estimate (the "McDaniel Report") of the Company's proved and probable reserves as at December 31, 2013 prepared by McDaniel and Associates Consultants Ltd. ("McDaniel"). 2013 Reserves Proved plus probable reserves totaled 2,254 MBOE as of December 31, 2013, a 48% increase from the prior year. The estimated net present value of future net [Read more]