CALGARY, ALBERTA--(Marketwired - Sept. 23, 2013) - Artisan Energy Corporation ("Artisan" or the "Corporation") (TSX VENTURE:AEC) is pleased to announce the following operational update and production forecast since its prior news release July 22, 2013, and a corporate update on its recent private placement (see press release dated August 6, 2013). Operational Update and Updated Production Forecast Artisan's Ferrybank Belly River horizontal oil wells located at 02/9-8-43-27W4 and 16-8-43-27W4 [Read more]
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Arcan Announces Its Light Oil Divestiture Package
CALGARY, ALBERTA--(Marketwired - Sept. 23, 2013) - Arcan Resources Ltd. (TSX VENTURE:ARN) ("Arcan" or the "Company") has engaged RBC Capital Markets ("RBC") and Scotia Waterous Inc. ("Scotia") as its financial advisors to examine the sale of certain light oil, early-stage properties in the Swan Hills region of Alberta. "Over the past four years we have focused on efficiently developing these light oil reservoirs and we are now looking to capture a return that will help strengthen our [Read more]
Shots fired at pipe at Alberta oilfield site
FOX CREEK, Alta. - Mounties say they are looking for those responsible for shooting an above-ground pipe at an oilfield site in northwestern Alberta.RCMP say they got a complaint Sunday night about shots fired at a remote oilfield site north of Fox Creek, about 260 kilometres northwest of Edmonton.Police say workers reported hearing about five shots, and shortly after, they found a pipe used to transport water was severely damaged and spraying water.Police say two people were seen in the area [Read more]
Southern Pacific Announces $18.8 Million Non-Core Asset Disposition
CALGARY, ALBERTA--(Marketwired - Sept. 23, 2013) - Southern Pacific Resource Corp. ("Southern Pacific" or the "Company") (TSX:STP) today announced the successful closing of a disposition of non-core assets related to its Leismer property for net cash proceeds of $18.8 million, effective September 1, 2013. The assets sold included 36 sections of land (80% working interest), a best estimate contingent resources assignment of 64.6 million barrels and had no associated production. The [Read more]
Alberta securities watchdog accuses Poseidon Concepts of obstruction of justice
CALGARY - The Alberta Securities Commission is accusing Poseidon Concepts Corp. of obstruction of justice, alleging that the troubled Calgary-based firm altered the minutes of board of director and audit committee meetings before handing them to the watchdog.In March, Poseidon was ordered to provide the signed minutes of meetings held between Nov. 1, 2011 and Feb. 28, 2013. A month later, the company sent over electronic copies of the documents."The minutes provided to staff were altered from [Read more]
Angle Energy Provides Third Quarter Operational Update
CALGARY, ALBERTA--(Marketwired - Sept. 23, 2013) - Angle Energy Inc. (TSX:NGL) ("Angle" or the "Company") today provided an update on its third quarter operations to September 23, 2013. Angle continues to execute its Cardium development drilling program in Harmattan and Ferrier, and has successfully applied slick-water fracturing technology on a well in its Harmattan Mannville pool. HIGHLIGHTS Corporate production for the third quarter is estimated to be [Read more]
BC offers $116 million LNG royalty credits
VICTORIA - The B.C. government is offering royalty credits of almost $116 million to help companies build roads and pipelines for the natural gas industry in the province's northeast.The announcement comes on the same day as the release of a major environmental report urging the government to stick to its pledge to build the cleanest liquefied natural gas industry in the world.The Tides Canada report says the current plans by the LNG industry would will emit three-times more carbon into the [Read more]
Pembina Pipeline Corporation Announces $150 Million Preferred Share Offering
CALGARY, ALBERTA--(Marketwired - Sept. 23, 2013) - NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE U.S. Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX:PPL)(NYSE:PBA) announced today that it has entered into an agreement with a syndicate of underwriters, led by RBC Capital Markets and Scotiabank, pursuant to which the underwriters have agreed to purchase from Pembina 6,000,000 cumulative redeemable rate reset class A preferred shares, [Read more]
Oil falls toward $104 a barrel as Syria risk fades
The price of oil slipped closer to $104 a barrel Monday despite positive economic news out of China and Europe, as the risk premium associated with the Syrian crisis diminished. By early afternoon in Europe, benchmark oil for November delivery was down 34 cents to $104.41 in electronic trading on the New York Mercantile Exchange. On Friday, the now expired contract for October delivery dropped $1.72 to close at $104.67. Analysts said the apparent progress being made in the elimination of [Read more]
Keystone foes celebrate barn in project’s path
YORK, Neb. — Opponents of the Keystone XL oil pipeline celebrated the completion of a barn built in the project’s expected path on Sunday while U.S. officials continue to weigh whether to approve the pipeline. Pipeline opponents planned several events to thank volunteers and mark the completion of the solar- and wind-powered barn. Billionaire investor and philanthropist Tom Steyer was scheduled to speak at Sunday’s dedication ceremony. Steyer has spent more than $2 million fighting the [Read more]