CALGARY, ALBERTA--(Marketwired - Aug. 29, 2016) - Athabasca Oil Corporation (TSX:ATH) ("Athabasca" or "the Company") announces that it has received payment of $139 million from Phoenix Energy Holdings Limited (now Brion Energy Corporation, "Brion"), being the principal and interest payable under the final promissory note issued to the Company by Brion. The promissory note relates to Athabasca's prior sale of its 40% interest in the Dover oil sands project to Brion, which closed on August 29, [Read more]
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Canadian Spirit Resources Inc. Announces Second Quarter 2016 Financial Results
CALGARY, ALBERTA--(Marketwired - Aug. 29, 2016) - 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, 2016. This news release summarizes information contained in the unaudited interim condensed financials statements and MD&A for the three and six month periods ended June 30, 2016 and should not [Read more]
Yoho Resources Inc. Announces Fiscal Q3 2016 Financial Results
CALGARY, ALBERTA--(Marketwired - Aug. 29, 2016) - Yoho Resources Inc. ("Yoho" or the "Company") (TSX VENTURE:YO) has filed today on SEDAR the financial statements for the nine months ended June 30, 2016 and the related management's discussion and analysis ("MD&A"). Copies of these documents may be found on www.sedar.com. Corporate Update The annual and special meeting (the "Meeting") of holders ("Shareholders") of common shares of Yoho will be held in the conference room located on the +15 [Read more]
WATCH: Energy East protester breaks into hearings, resists arrest, shoves police officer
If you didn't hear, the National Energy Board had to cancel the first day of Energy East hearings in Montreal because protesters broke into the venue and started screaming and chanting while holding up a sign. One protester, who unlawfully broke into the venue, was so bold as to aggressively push a police officer while resisting arrest. Watch the video below: As you can clearly see, he shoved the officer down while resisting arrest. One can only hope he gets charged with several criminal [Read more]
National Energy Board cancels first day of Energy East hearings after protests
MONTREAL -- The National Energy Board has cancelled the first day of Energy East hearings in Montreal after protesters broke into the downtown venue and started screaming and chanting. Montreal Mayor Denis Coderre was the first scheduled speaker this morning but instead walked out a few minutes after a man ran screaming towards the commissioners. He was grabbed by security but overpowered them and was joined by several other protesters who chanted, held hands and prevented proceedings from [Read more]
High Arctic Energy to buy Tervita’s 300-employee production services division
CALGARY - High Arctic Energy Services Inc. (TSX:HWO) has struck an agreement to buy the production services division of Tervita Corp., an environmental services company, for $42.8 million in cash. The deal would see High Arctic Energy Services acquire Tervita's fleet of 68 service rigs and related support equipment, as well as seven operational bases in Alberta. Tervita's production services staff of about 300 would join High Arctic Energy Services. The transaction [Read more]
Montreal mayor walks out of Energy East hearings after disruption by protesters
MONTREAL - Protesters forced the cancellation on Monday of the first day of hearings in Montreal into TransCanada's Energy East Pipeline project with police making three arrests. And the National Energy Board said in a statement that it was also postponing Tuesday's session because of the "violent disruption" that it said "threatened the security of everyone involved in the panel session." The board said it would release details Tuesday on the next meeting in Montreal. On [Read more]
Worrying about where the next super-giant oil fields are is far more important than weekly rig count data
There is a lot of media noise these days about rising rig counts, how drillers are enthusiastic again, and how production may stop falling and stabilize. The commentators get into a fever pitch awaiting Friday's weekly report, rushing to their calculators to confirm that there is indeed a trend, their child-like enthusiasm consistently mistaken in the significance of ten more rigs being put to work out of 3,000 in mothballs. If your planning horizons don’t extend beyond the next month, those [Read more]
Manitok Energy Inc. Announces Financial Results for the Second Quarter of 2016 and an Operational Update
CALGARY, ALBERTA--(Marketwired - Aug. 29, 2016) - Manitok Energy Inc. (the "Corporation" or "Manitok") (TSX VENTURE:MEI) announces its financial and operating results for the second quarter of 2016 and provides an operational update. The full text of Manitok's second quarter results are contained in its unaudited condensed interim financial statements as at and for the three and six months ended June 30, 2016 and the related management's discussion and analysis, copies of which are available [Read more]
Alberta Oilsands Inc. Provides Notice to Smoothwater Capital Corporation on Previous Requisition Notice
CALGARY, ALBERTA--(Marketwired - Aug. 26, 2016) - Alberta Oilsands Inc. ("AOS") (TSX VENTURE:AOS) announces that further to its press release on August 23, 2016, AOS has provided notice to Smoothwater Capital Corporation ("Smoothwater") that, due to the fact that the notice received from Smoothwater on August 22, 2016, under the AOS advance notice by-laws (for the nomination of five Smoothwater nominee directors at AOS's next annual meeting of shareholders) (the "Nomination Notice") is [Read more]