CALGARY, ALBERTA--(Marketwired - Feb. 24, 2014) - NOT FOR DISSEMINATION IN THE UNITED STATES OR TO U.S. PERSONS Questfire Energy Corp. (the "Corporation" or "Questfire") (TSX VENTURE:Q.A)(TSX VENTURE:Q.B) regretfully announces the passing of Kelly Drader, a director of the Corporation. Mr. Drader had been a director since June of 2013 and was Chairman of the Audit Committee. Questfire's board of directors now consists of five directors. Questfire appointed [Read more]
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Artisan Energy Announces Brokered Short Form Prospectus Financing and Corporate Update
CALGARY, ALBERTA--(Marketwired - Feb. 24, 2014) - Artisan Energy Corporation ("Artisan" or the "Corporation") (TSX VENTURE:AEC) announces the following corporate activities: Brokered Financing Artisan is pleased to announce that it has obtained a receipt for a preliminary short form prospectus (the "Preliminary Prospectus") in connection with a public offering ("the Offering"), on a commercially reasonable efforts basis, of common shares in the capital of the Corporation (the "Common Shares") [Read more]
NEB Releases Final Audit Report into TransCanada Pipelines Integrity Management Program
CALGARY, Feb. 24, 2014 /CNW/ - The National Energy Board (NEB or the Board) today released its final report detailing its audit of TransCanada PipeLines Limited's (TransCanada) Integrity Management Program. The Board finds that TransCanada has identified the majority, and most significant, of its hazards and risks, however there are areas where the company was found to be out of compliance. TransCanada will be required to submit a corrective action plan for Board approval within 30 days of this [Read more]
U.S. government: Nebraska court decision won’t slow down Keystone process
WASHINGTON - The U.S. government appears to be proceeding at full speed with its review of the Keystone XL pipeline. There are indications that a recent Nebraska court ruling won't delay the federal regulatory process. State governors leaving a meeting with President Barack Obama say he told them to expect a final decision within a few months. And the State Department says the federal process is continuing despite the court ruling. The court threw out a law that gave the governor the [Read more]
Tuscany Energy Ltd. Announces Granting of Share Options
CALGARY, ALBERTA--(Marketwired - Feb. 24, 2014) - Tuscany Energy Ltd. (TSX VENTURE:TUS) announced today that its Board of Directors has approved the issuance of options to purchase 1,250,000 common shares of the Corporation at a price of $0.37 per share, exercisable until February 23, 2019. The options are being issued to directors, officers, employees and consultants of the Corporation in accordance with Tuscany's Share Option Plan which was reapproved by the Company's shareholders at the [Read more]
Enbridge Gas New Brunswick seeks damages in lawsuit against province
FREDERICTON - Enbridge Gas has filed a lawsuit against the New Brunswick government alleging it lost money because of changes made to a law that regulates the development of the province's gas distribution system.In its statement of claim filed in the Court of Queen's Bench, Enbridge says amendments in 2012 to the Gas Distribution Act eliminated a deferral account from rate calculations made by the provincial Energy and Utilities Board.Enbridge says under its franchise agreement with the [Read more]
Baytex Closes $1.5 Billion Subscription Receipt Offering
CALGARY, ALBERTA--(Marketwired - Feb. 24, 2014) - Baytex Energy Corp. ("Baytex" or the "Company") (TSX:BTE)(NYSE: BTE) has closed the public offering of its bought deal subscription receipt financing (the "Equity Financing"). The Equity Financing was completed in connection with the previously announced agreement by the Company to acquire 100% of the shares of Aurora Oil & Gas Limited (the "Acquisition"). Baytex issued 38,433,000 subscription receipts, including 5,013,000 subscription [Read more]
Longview Announces Passing of President and Chief Executive Officer
CALGARY, Feb. 24, 2014 /CNW/ - Longview Oil Corp. ("Longview") announces with much regret and profound sadness the sudden death while cross-country skiing in Canmore, Alberta this weekend of Kelly Drader, the President and Chief Executive Officer and a director of Longview. He will be missed. Mr. Steven Sharpe, Chairman of Longview, has been appointed as interim Chief Executive Officer of Longview until such time as a suitable successor is appointed. [Read more]
Marquee Energy Ltd. announces acquisition to further consolidate its oil focused Michichi core area, operations update, and upward revision to 2014 guidance
CALGARY, Feb. 24, 2014 /CNW/ - Marquee Energy Ltd. ("Marquee" or the "Company") (TSXV: MQL) is pleased to announce that it has entered into an agreement with Paramount Resources Ltd. ("Paramount") to acquire from Paramount (the "Acquisition") certain low decline, operated, producing assets (the "Assets") contiguous with the Company's operations at Michichi. The Assets are estimated by Marquee's management to have annualized 800 boe/d of production and include 120 net sections of land with 50 net [Read more]
Oil price edges down as market takes breather from rally driven by US demand amid cold weather
The price of oil eased toward $102 a barrel Monday, taking a pause in a six-week rally that has been supported by U.S. demand for heating oil amid prolonged cold weather.By early afternoon in Europe, benchmark U.S. crude for April delivery was down 15 cents to $102.05 a barrel in electronic trading on the New York Mercantile Exchange. On Friday, the Nymex contract fell 55 cents but was up 2 per cent over the week amid rising demand for heating oil in the U.S.Forecasters predicted a return of [Read more]