CALGARY, ALBERTA--(Marketwired - Jan. 29, 2014) - Inter Pipeline Ltd. ("Inter Pipeline") (TSX:IPL) announced today a $1.3 billion capital expenditure program for 2014, primarily directed towards the expansion of its oil pipeline systems. Rising customer demand for transportation capacity in the oil producing regions serviced by Inter Pipeline has driven $3.4 billion in capital investment since 2012. Organic growth projects are expected to account for about 97 percent of 2014's total [Read more]
Headlines
Enbridge to Invest $0.2 Billion to Expand Sunday Creek Terminal
CALGARY, ALBERTA--(Marketwired - Jan. 29, 2014) - Enbridge (TSX:ENB) (NYSE:ENB) today announced that it will construct additional facilities at its Sunday Creek Terminal, located in the Christina Lake area of northern Alberta, to support production growth from the Christina Lake oil sands project operated by Cenovus Energy and jointly owned with ConocoPhillips. The estimated cost for the expansion is approximately $0.2 billion with a targeted in-service date of Q3 2015. The expansion includes [Read more]
Tamarack Valley Energy Ltd. Announces Increase to Bought Deal Equity Financing to $60.2 Million
CALGARY, ALBERTA--(Marketwired - Jan. 29, 2014) - Tamarack Valley Energy Ltd. ("Tamarack" or the "Company") (TSX VENTURE:TVE) is pleased to announce that it has agreed with a syndicate of underwriters led by Dundee Securities Ltd., and including Clarus Securities Inc., GMP Securities L.P., National Bank Financial Inc., Paradigm Capital Inc., Peters & Co. Limited, AltaCorp Capital Inc. and RBC Capital Markets to increase the size of its previously announced bought deal financing of 7,000,000 [Read more]
Connacher Announces 2014 Initial Capital Plan
CALGARY, Jan. 29, 2014 /CNW/ - Connacher Oil and Gas Limited (TSX:CLL) ("Connacher" or the "Company") announces its initial capital plan for 2014. With the completion of its 2013 capital plan and the successful results from new in-fill and SAGD wells the Company has committed to a near term capital plan aimed at increasing production and advancing the commercial SAGD+® process and mini-steam expansion projects. The initial 2014 capital plan is estimated to be up to $50 million. It is [Read more]
Manitok Energy Provides 2014 Capital Program and Guidance
CALGARY, ALBERTA--(Marketwired - Jan. 29, 2014) - Manitok Energy Inc. (the "Corporation" or "Manitok") (TSX VENTURE:MEI) is pleased to provide the following information regarding its anticipated 2014 capital expenditure program and guidance. All dollar figures are in Canadian dollars unless otherwise noted. Highlights Capital expenditures of approximately $104.5 million. Average annual production of 6,000 to 6,200 boe/d (62% - 65% oil and liquids), which is approximately a 50% increase [Read more]
Trilogy Energy Corp. Announces Receipt of CRA Proposal to Reassess and Intention to Defend
CALGARY, ALBERTA--(Marketwired - Jan. 28, 2014) - Trilogy Energy Corp. ("Trilogy") (TSX:TET) announced today that it has received a letter from the Canada Revenue Agency ("CRA") advising Trilogy that, subject to submissions by Trilogy, it is proposing to reassess Trilogy's income tax filings related to its conversion from an income trust to a corporation (the "Conversion") in early 2010. The proposed reassessments seek to disallow certain tax pools in the amount of $728 million. If these tax [Read more]
Artek Exploration Ltd. Provides Operational Update
CALGARY, ALBERTA--(Marketwired - Jan. 28, 2014) - Artek Exploration Ltd. (TSX:RTK) of Calgary, Alberta ("Artek" or the "Company") is pleased to provide the following operations update: Late in fourth quarter, 2013 Artek drilled a successful Montney horizontal well from the 10-17-87-23W6M pad in the Inga South area. The well was completed with a total of 31 fracture intervals using a slickwater hybrid frac treatment. After a 140 hour clean up and production test period, the well was flowing at [Read more]
Elkwater Announces New Credit Facility and Proposed Non-Brokered Private Placement Financing
CALGARY, ALBERTA--(Marketwired - Jan. 28, 2014) - ELKWATER RESOURCES LTD. (the "Corporation") (TSX VENTURE:ELW) announces that it intends to enter into a new $4.1 million credit facility (the "Facility") with a Canadian chartered bank. Under the terms of the Facility, the Corporation will also raise an additional $1.5 million of financing through a combination of equity and/or subordinated debt. The Corporation intends to undertake a non-brokered private placement equity financing in each of [Read more]
SilverWillow Energy Corporation announces Alberta Energy Regulator’s deferral with respect to Audet Project regulatory application decision
CALGARY, Jan. 28, 2014 /CNW/ - SilverWillow Energy Corporation ("SilverWillow" or the "Corporation") (TSXV:SWE) has been advised by the Alberta Energy Regulator ("AER") that the AER is undertaking a technical review of the factors that affect reservoir containment of Steam Assisted Gravity Drainage ("SAGD") projects with a view to developing formal regulatory requirements in 2014. Until such requirements are issued, the AER will defer decisions on applications for thermal oil sands projects in [Read more]
Connacher Announces New Board Member
CALGARY, Jan. 28, 2014 /CNW/ - Connacher Oil and Gas Limited (TSX: CLL) ("Connacher" or the "Company") announces that Glen D. Roane has been appointed to its Board of Directors effective January 27, 2014. Mr. Roane has extensive professional experience as a successful investment banker and portfolio manager. In recent years he has been involved as a director of several companies and has contributed significantly to their success. He currently serves as a director of Enerplus Resources [Read more]