CALGARY, ALBERTA--(Marketwired - April 23, 2014) - Artisan Energy Corporation ("Artisan" or the "Corporation") (TSX VENTURE:AEC) announces that it will not be proceeding with its previously announced purchase and sale agreement with Magnum Energy Inc. (TSX VENTURE:MEN) relating to Magnum's 50% operated working interest in the Provost area of Alberta (the "Magnum Acquisition"). In addition, Artisan has withdrawn its short form prospectus brokered financing. Non-Brokered Convertible Debenture [Read more]
Headlines
Octagon 88 Resources Announces Plans To Spud First Horizontal Proudction Well On Bluesky Formation
ZUG, Switzerland--(BUSINESS WIRE)--Octagon 88 Resources (OCTX) is pleased to announce that the operator of the Manning projects has advised Management to spud the first horizontal production well in the Bluesky Gething formation. Octagon 88 anticipates to receive spud dates from the operator post the granting of the drill license. Managements believes that the well will be drilled and completed by the end of May 2014. Further information regarding the approval of the drill license will be [Read more]
Yangarra announces $25 million bought deal financing
CALGARY, April 23, 2014 /CNW/ - Yangarra Resources Ltd. ("Yangarra" or the "Corporation") (TSXV:YGR) announces it has entered into an equity financing agreement, on a bought deal basis, led jointly by AltaCorp Capital Inc. and Clarus Securities Inc., with AltaCorp Capital Inc. as sole book-runner. The full syndicate also includes Dundee Capital Markets, Acumen Capital Finance Partners Limited, Industrial Alliance Securities Inc. and Paradigm Capital Inc. (collectively, the [Read more]
Ironhorse Announces 2013 Fourth Quarter and Year End Results
CALGARY, April 22, 2014 /CNW/ - Ironhorse Oil & Gas Inc. ("Ironhorse" or the "Company") (TSXV: IOG) announces its fourth quarter and full year 2013 financial and operating results and year-end reserves information. The Company's year-end reserves evaluation with the effective date of December 31, 2013 was prepared by GLJ Petroleum Consultants Ltd. and Sproule Associates Limited in accordance with definitions, standards and procedures contained in the Canadian Oil and Gas Evaluation Handbook [Read more]
Ottawa ponders lifting threatened species status for Pacific humpback…environmentalists say it’s to encourage Northern Gateway development
VANCOUVER - In the midst of the heated debate over oil tankers off the coast of British Columbia, the federal environment minister has proposed improving the status of North Pacific humpback whales from threatened to "special concern." The whales have played a starring role in the campaign against oil pipelines and opponents accused the federal government Tuesday of removing a hurdle to the proposed multibillion-dollar Northern Gateway (TSX:ENB) pipeline. "What we're seeing is that the [Read more]
Quattro Provides Financial Guidance and Announces the Withdrawal of Its Convertible Debenture Offering
CALGARY, ALBERTA--(Marketwired - April 22, 2014) - Quattro Exploration and Production Ltd. (TSX VENTURE:QXP) ("Quattro" or the "Company") is pleased to announce April 28, 2014 as the anticipated date for the release of our audited financials for the year ended December 31, 2013. The Company is also pleased to confirm its previous guidance of pro forma revenue for the year ended December 31, 2013, exceeding $14 million as previously projected. Furthermore, Quattro's Board of Directors, in [Read more]
Oil slips to near US$102 a barrel amid prospects of rising U.S. crude supplies
The price of oil fell two per cent to settle just above US$102 a barrel Tuesday as investors weighed expectations of rising U.S. crude stockpiles against tensions in Ukraine. U.S. crude for May delivery dipped $2.24 a barrel to settle at US$102.13 in electronic trading on the New York Mercantile Exchange. On Monday, oil added seven cents to close at $104.37. Brent crude, an international benchmark for oil, eased 68 cents to US$109.27 on the ICE Futures exchange in London. Markets remain [Read more]
Baytex Commences Tender Offers and Consent Solicitations for Senior Notes of Aurora USA Oil & Gas, Inc.
CALGARY, ALBERTA--(Marketwired - April 22, 2014) - Baytex Energy Corp. ("Baytex") (TSX:BTE) (NYSE:BTE) today announced the commencement of cash tender offers (each an "Offer" and collectively, the "Offers") relating to any and all of the US$365,000,000 current outstanding principal amount of 9.875% Senior Notes due 2017 (the "9.875% Notes") and US$300,000,000 current outstanding principal amount of 7.50% Senior Notes due 2020 (the "7.50% Notes" and together with the 9.875% Notes, the "Notes") of [Read more]
MGM Energy Corp.: Financial Results for the Three Months Ended March 31, 2014
CALGARY, ALBERTA--(Marketwired - April 22, 2014) - MGM Energy Corp. ("MGM Energy" or the "Company") (TSX:MGX) announced today its financial results for the three months ended March 31, 2014. The Company reported a net loss for the three months ended March 31, 2014 of $1.5 million ($0.00 per share) as compared to a net loss of $0.6 million ($0.00 per share) for the three months ended March 31, 2013. MGM Energy's full unaudited financial statements and accompanying Management's Discussion [Read more]
Alberta’s Hancock to meet with PM Harper next week to discuss Keystone pipeline
EDMONTON - Alberta Premier Dave Hancock will meet with Prime Minister Stephen Harper in Ottawa next week to talk about the Keystone XL pipeline. Hancock says they will discuss next steps after the United States delayed the pipeline yet again last week. The delay is to gather more information and to resolve court challenges to the pipeline in Nebraska. Hancock says he feels the U.S. government has enough information already to make a decision on a pipeline he says will benefit both [Read more]