Not For Distribution to U.S. News Wire Services or For Dissemination in the United States Kelowna, British Columbia (FSCwire) - Georox Resources Inc. ("Georox" or the "Corporation") (GXR:TSX-V; OF6A:FRA) is pleased to announce that it has entered into an asset purchase agreement to acquire certain high working interest producing oil (~94%) and natural gas (~6%) interests in Southwest Saskatchewan and Eastern Alberta, from arm's‑length vendors (the [Read more]
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Firenze Energy Ltd. – Non-Core Property Divestiture
Sayer Energy Advisors has been engaged to assist Firenze Energy Ltd. (“Firenze” or the “Company”), a subsidiary of Toscana Energy Income Corporation (“Toscana”) with the sale of its light, sweet oil property in the Nevis area, its light & medium oil property in the Willesden Green area and its sweet natural gas property in the Tony Creek area of Alberta (the “Properties”). Firenze is selling the Properties as part of Toscana’s strategic alternatives process. Recent total oil and natural gas [Read more]
Canadian railways in a catch-22 over crude shipment
Canadian railway operators see a lucrative opportunity to transport more crude oil to the United States as a rise in output force producers to find new routes to its southern neighbour. However, their need for long-term contracts and the pressure to move a surplus of grains in the country is making it hard to cash-in on the prospect. Canada moves about 95 percent of its oil by pipelines, which are currently full. A 20 percent rise in crude production in the past five years has increased [Read more]
N.L. to release budget expected to include plan for carbon taxes, education
ST. JOHN'S, N.L. - Newfoundland and Labrador will bring down its latest budget today. Dwight Ball's Liberal government will unveil a financial plan that's expected to include details on how the province intends to address carbon taxes and federal government regulations to reduce greenhouse gases. The provincial government has so far said little about how carbon taxes will be implemented and who will have to pay, making it one of the last provinces to announce its carbon pricing [Read more]
Tanager Energy Announces Note Conversion
CALGARY, Alberta, March 27, 2018 (GLOBE NEWSWIRE) -- Tanager Energy Inc. (“Tanager” or the “Corporation”) (TSX-V:TAN) (OTCQB:TANEF) is pleased to announce that the outstanding secured convertible promissory notes in the aggregate principal amount of US$6,000,000 due on June 27, 2019, have been converted by the holders at a conversion price of CDN$0.07 per share, into an aggregate of 110,451,428 Common Shares of Tanager. Roger S. Braugh, Jr., a director of Tanager, acquired 55,225,714 Common [Read more]
Toscana Energy Announces Internalization of Management Agreement
CALGARY, Alberta, March 26, 2018 (GLOBE NEWSWIRE) -- Toscana Energy Income Corporation ("Toscana" or the "Corporation") (TSX:TEI) announces that it has entered into an agreement with Toscana Energy Corporation (“TEC”), a member of the Sprott Group of Companies, to terminate the management agreement (the “Management Agreement”) pursuant to which Toscana engaged TEC to carry out manager services for and on behalf of Toscana (the "Internalization" or the "Transaction"). The Internalization is to [Read more]
Blackbird Energy Inc. Announces Record Second Quarter 2018 Financial and Operating Results
CALGARY, Alberta, March 26, 2018 (GLOBE NEWSWIRE) -- Blackbird Energy Inc. (TSX-V:BBI) (“Blackbird” or the “Company”) is pleased to announce record financial and operational results for the quarter ended January 31, 2018. Blackbird’s unaudited condensed consolidated interim financial statements and related management’s discussion and analysis for the quarter ended January 31, 2018 are available on SEDAR at www.sedar.com and are also posted on Blackbird’s website at www.blackbirdenergyinc.com. [Read more]
Husky faces charges from 2016 oil spill into the North Saskatchewan River
CALGARY - A Saskatchewan mayor whose city's water supply was interrupted for several weeks following a Husky Energy Inc. oil pipeline leak in July 2016 says he hopes provincial charges announced Monday act as a deterrent for other pipeline firms. Prince Albert Mayor Greg Dionne said the incident on the North Saskatchewan River made him more aware of the danger from the many pipelines that criss-cross the province. "Now that I know there are more pipelines than I ever assumed [Read more]
Alberta declares ‘definitive victory’ on Trans Mountain appeal in federal court
ST. ALBERT, Alta. - Alberta Premier Rachel Notley is calling a recent court decision on the Trans Mountain pipeline expansion project a definitive victory. The Federal Court of Appeal on Friday dismissed the B.C. government's bid to challenge a National Energy Board ruling that allows Kinder Morgan Canada to bypass local bylaws during construction of the pipeline expansion which would triple the amount of crude flowing from Alberta to a port facility in Burnaby, B.C. The court [Read more]
Pembina Pipeline Corporation Announces Closing of $700 Million Public Note Offering
CALGARY, March 26, 2018 /CNW/ - Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL, NYSE: PBA) is pleased to announce that it has closed its previously announced offering of $700 million of senior unsecured medium-term notes (the "Offering"). The Offering was conducted in two tranches consisting of $400 million in senior unsecured medium-term notes, series 10 (the "Series 10 Notes") having a fixed coupon of 4.02% per annum, paid semi-annually, and maturing on March 27, 2028, and [Read more]