CALGARY, ALBERTA--(Marketwired - Dec. 12, 2013) - Renegade Petroleum Ltd. ("Renegade" or the "Company") (TSX VENTURE:RPL) filed its management information circular today for its special meeting to be held on Tuesday, January 28, 2014. The meeting will consider a demand by FrontFour Capital Group LLC and a related shareholder, collective holders of 5% of the common shares, to replace recently elected directors entirely with its own nominees. The circular lays out the [Read more]
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Long Run Exploration Ltd. Announces an Increased Credit Facility, a Strategic Viking Light Oil Acquisition, November Production, Updated 2014 Guidance, Hedging Update, and an Executive Promotion
CALGARY, ALBERTA--(Marketwired - Dec. 12, 2013) - Long Run Exploration Ltd. (TSX:LRE) ("Long Run" or the "Company") is pleased to announce an increased borrowing base under the syndicated credit facility of $475 million. Long Run is also pleased to announce the closing of an acquisition that adds approximately 450 boe per day of strategic light oil Viking assets at Redwater for total consideration of approximately $45 million (the "Acquisition"). INCREASED CREDIT FACILITY Long Run's syndicate of [Read more]
Renegade Petroleum Ltd. Announces Non-Core Asset Disposition and Confirms December 2013 Dividend
CALGARY, ALBERTA--(Marketwired - Dec. 12, 2013) - Renegade Petroleum Ltd. (TSX VENTURE:RPL) ("Renegade" or the "Company") is pleased to announce that it has entered into an agreement to sell certain non-core assets for gross proceeds of $32.5 million and is pleased to confirm its December 2013 dividend. ASSET DISPOSITION The Company has entered into a definitive agreement to sell, effective December 1, 2013, certain non-core oil and gas assets in southeast Saskatchewan (the [Read more]
RMP Energy Announces 2014 Capital Budget and Business Plan and Provides Updated Reserves Information
CALGARY, ALBERTA--(Marketwired - Dec. 12, 2013) - RMP Energy Inc. ("RMP" or the "Company") (TSX:RMP) is pleased to announce its 2014 Capital Budget and Business Plan and provide updated reserves information. 2014 Capital Budget and Business Plan The Company's Board of Directors has approved an exploration and development expenditures program of $130 million for 2014 (the "2014 Capital Budget"). The 2014 Capital Budget is anticipated to be fully funded by internally-generated [Read more]
NAFTA body to feds: respond to oilsands concerns
CALGARY - A North American trade body has asked Ottawa to respond to allegations that it has failed to enforce its own laws when it comes to oilsands waste known as tailings.Two environmental groups and three individuals assert the federal government has failed to enforce provisions in the Fisheries Act by allowing harmful substances to leak from tailings ponds into the Athabasca Watershed.They made their complaint in 2010 to the Commission for Environmental Co-operation, an organization through [Read more]
Yangarra Announces Closing of Bought Deal Financing and Provides Operations Update
CALGARY, ALBERTA--(Marketwired - Dec. 12, 2013) - NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE U.S. Yangarra Resources Ltd. ("Yangarra" or the "Corporation") (TSX VENTURE:YGR) announces the closing of its recently announced "bought deal" financing, completed by way of a short form prospectus, for the sale of 12,048,148 common shares of the Corporation (the "Common Shares") at a price of $0.54 per share, 3,394,915 common shares of the Corporation [Read more]
Paul Band First Nation prefers pipelines rather than oil-by-rail
DUFFIELD, AB, Dec. 12, 2013 /CNW/ - Chief and Council of the 1,926-member Paul Band First Nation, 50 kilometers west of Edmonton, today stated that they generally support the responsible and respectful expansion of Canada's pipeline infrastructure as the preferred transportation mode for moving increased volumes of Alberta oil and gas production to new offshore markets. This includes support for the Trans Mountain Pipeline Expansion Project, where a facts-based and highly-respectful First [Read more]
Imperial Oil sells downtown Calgary parking lot for 69 million
According to a Calgary Herald article, Imperial Oil has sold 1.5 acre parking lot in downtown Calgary. The lot is located at 500 6th Avenue S.W., - a land transfer of $68.95 million, dated November 20, lists the new owners as Oxford Properties and Omers. Imperial Oil is one of several companies moving out of downtown - a spokesperson commented the sale "Imperial announced our plans to build a new office complex in a site at Quarry Park. So consistent with that we did place that (downtown) [Read more]
Cenovus oil production anticipated to grow 10% in 2014
Capital investment reduced; focus remains on oil sands CALGARY, Dec. 12, 2013 /CNW/ - Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) expects to invest between $2.8 billion and $3.1 billion in 2014, a 13% decrease when compared with the previous year. The company is focusing its capital on oil projects that are anticipated to provide production growth over the next four years. "Since our launch in late 2009, Cenovus has concentrated on gaining regulatory approvals for our robust inventory of oil [Read more]
Bellatrix confirms 2014 guidance, announces an increase in its credit facilities and layers in additional commodity fixed price contracts for 2014
TSX, NYSE MKT: BXE CALGARY, Dec. 12, 2013 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE MKT: BXE) is pleased to confirm its 2014 guidance and announce that it has completed its mid-year review of its 2013 credit facilities and provides an update of its recent commodity price risk management activities. 2013 has been an extraordinary year earmarked by significant production growth, announcing three separate joint ventures designed to accelerate our program on a [Read more]