CALGARY, Oct. 15, 2013 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE MKT: BXE) is pleased to announce it has entered into a $240 million joint venture partnership (the "Joint Venture") with TCA Energy Ltd. ("TCA"). TCA is a Canadian incorporated special purpose vehicle for Troika Resources Private Equity Fund which is based in Seoul Korea and managed by KDB Bank, SK Energy and Samchully AMC. Pursuant to the agreement forming the Joint Venture, Bellatrix and TCA [Read more]
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Bellatrix Exploration Ltd. announces $576 million strategic acquisition of Angle Energy Inc. creating a dominant growth oriented cardium and Lower Mannville focused oil and gas company
CALGARY, Oct. 15, 2013 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE MKT: BXE) is pleased to announce that it has entered into an agreement (the "Arrangement Agreement") with Angle Energy Inc. ("Angle") (TSX: NGL) providing for the acquisition by Bellatrix of all the issued and outstanding Angle common shares (the "Angle Shares") pursuant to a plan of arrangement (the "Transaction") under the Business Corporations Act(Alberta) (the "Arrangement"). The combination [Read more]
Angle Energy Announces Business Combination with Bellatrix Exploration Ltd.
CALGARY, ALBERTA--(Marketwired - Oct. 15, 2013) - Angle Energy Inc. (TSX:NGL) ("Angle" or the "Company") is pleased to announce that it has entered into an arrangement agreement (the "Arrangement Agreement") with Bellatrix Exploration Ltd. (TSX:BXE)(NYSE MKT:BXE) ("Bellatrix") pursuant to which Bellatrix, has agreed to acquire all of the issued and outstanding common shares (the "Common Shares") of Angle and all of Angle's issued and outstanding 5.75% convertible unsecured subordinated [Read more]
Tuscany Energy Ltd. Updates Production From Successful Oil Development Program in Saskatchewan
CALGARY, ALBERTA--(Marketwired - Oct. 15, 2013) - Tuscany Energy Ltd. ("Tuscany") (TSX VENTURE:TUS). Tuscany reports the results of its three heavy oil well drilling program in west-central Saskatchewan. Tuscany holds a 60% working interest in two new wells at Evesham, Saskatchewan, which were placed on production in August, 2013 at rates of approximately 170 bopd each. To date the wells have produced over 7,000 barrels of oil each and are currently producing at rates of approximately 170 bopd [Read more]
REPORT: Pipeline safer than rail
CALGARY - A report by the Fraser Institute released Tuesday says pipeline is by far the safest way to transport oil when worker injury rates are compared, but it remains unclear which is the safest from an environmental standpoint.Using data from the U.S. Department of Transportation between 2005 and 2009, the study found the rates of injury requiring hospitalization in the U.S. were 30 times lower among pipeline workers than rail workers involved in shipping oil.For truck transport, the [Read more]
Alberta premier Redford, B.C.’s Clark to meet Nov. 5 to talk resource strategy
EDMONTON - British Columbia Premier Christy Clark and Alberta's Alison Redford are to meet next month in Vancouver to work on a joint plan to expand energy exports.The two premiers plan to talk on Nov. 5 after Redford delivers a speech to the Vancouver Board of Trade.The premiers say they have set the terms of reference for a joint group to explore energy issues.The group is to consult with First Nations, explore resource transportation options, look at how to promote resources and study ways to [Read more]
Hemisphere Energy Provides Operational Update
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 15, 2013) - Hemisphere Energy Corporation (TSX VENTURE:HME) is pleased to provide an operational update regarding its activities in the Jenner area of southeast Alberta. Hemisphere has completed tie-in operations of its most recently drilled well and has commenced production. The well was drilled in late August and is now pipeline connected to third party facilities. This is Hemisphere's 12th consecutive successful horizontal well in the [Read more]
Petroforte Acquires Assets in Alberta and Saskatchewan and Conducts Well Test at Brazeau River
CALGARY, ALBERTA--(Marketwired - Oct. 15, 2013) - (NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA) Petroforte International Ltd. ("Petroforte" or the "Corporation") (TSX VENTURE:PFI) reports that further to the Corporation's news release of October 1, 2013 wherein it reported that it had acquired the debt of a private company from a financial institution and that a Receiver had been appointed by the courts under a security agreement, the private company in question was [Read more]
Painted Pony Petroleum Ltd. Announces Listing on the Toronto Stock Exchange
CALGARY, ALBERTA--(Marketwired - Oct. 15, 2013) - Painted Pony Petroleum Ltd. ("Painted Pony" or the "Company") (TSX VENTURE:PPY) is pleased to announce that the common shares of the Company will commence trading on the Toronto Stock Exchange ("TSX") at the opening of trading on October 17, 2013 under the symbol "PPY". Painted Pony's common shares will be delisted from the TSX Venture Exchange upon commencement of trading on the TSX. Painted Pony Petroleum Ltd. is a public oil and gas [Read more]
Whitecap Resources Inc. announces increase to credit facilities, provides operational update and increases 2013 guidance
CALGARY, Oct. 15, 2013 /CNW/ - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX: WCP) is pleased to announce a 15 percent increase to our credit facilities from $520 million to $600 million in addition to providing shareholders with an update on our successful capital execution thus far in 2013. Our third quarter operational results have once again exceeded expectations with average production over 1,000 boe/d above our 20,000 boe/d production forecast providing us with the opportunity [Read more]