CALGARY, ALBERTA--(Marketwired - Apr 11, 2013) - Southern Pacific Resource Corp. ("Southern Pacific" or the "Company") (STP.TO) today provided an operational update with respect to the Company's STP-McKay and STP-Senlac Thermal Projects. Southern Pacific plans to continue to provide monthly operational updates to its shareholders, with the next update to occur on or about May 9, 2013, with the release of its fiscal Q3 2013 financial and operating results (quarter ending March 31, 2013). An [Read more]
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Yangarra Appoints Vice President, Operations and Grants Stock Options
CALGARY , April 11, 2013 /CNW/ - Yangarra Resources Ltd. ("Yangarra" or "the Company") (YGR.V) announces the appointment of Lorne Simpson, as Vice President, Operations. Mr. Simpson has over 30 years of drilling and completions experience. Most recently, Mr. Simpson held the position of Manager of Drilling and Completions at Yangarra. Prior to that Mr. Simpson was Supervisor, Drilling Operations with PetroBakken Energy Ltd and has held various other senior level roles in his career. Mr. Simpson [Read more]
Keyera and Plains Solicit Interest in Construction of New Liquids Pipeline System
CALGARY , April 10, 2013 /CNW/ - Keyera Corp. (KEY.TO) (KEY-DBA.TO) ("Keyera") and Plains Midstream Canada ULC, a wholly owned subsidiary of Plains All American Pipeline, L.P. (PAA) ("Plains"), announced today they have entered into an arrangement to solicit interest in the construction of a jointly-owned liquids pipeline system in northwest Alberta. The proposed pipeline system, to be called the Western Reach Pipeline System, is anticipated to run from the Gordondale area of northwestern [Read more]
Palliser Oil & Gas Corporation Reports Significant Increase in 2012 Year End Reserves and 2012 Financial and Operating Results
CALGARY, April 10, 2013 /CNW/ - Palliser Oil & Gas Corporation ("Palliser" or the "Company") (TSX VENTURE:PXL) is pleased to report 2012 year end reserves and financial and operating results for the three months and year ended December 31, 2012. Certain selected financial and operational information is set out below and should be read in conjunction with Palliser's financial statements complete with the notes to the financial statements and related MD&A which will be available at [Read more]
Poseidon Concepts up for sale under supervision of court-appointed monitor
CALGARY - Poseidon Concepts Corp. (TSX:PSN.TO ) has received temporary protection from its creditors under supervision of a court-appointed monitor and been put up for sale. The Calgary-based oilfield services company has been grappling with a number of problems, including the discovery that most of its revenue in the first nine months of 2012 was improperly booked and must be restated. PricewaterhouseCoopers Inc., a firm that provides audit, accounting and restructuring [Read more]
Storm Resources Ltd. Announces Increase to Bought Deal and Non-Brokered Financings
CALGARY, ALBERTA--(Marketwired - April 10, 2013) - NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS. STORM RESOURCES LTD. ("Storm") (TSX VENTURE:SRX) is pleased to announce that, in connection with its previously announced bought-deal financing, Storm and the a syndicate of underwriters led by FirstEnergy Capital Corp. and including National Bank Financial [Read more]
Redford warns carbon tax won’t necesarily increase 266%
By Canadian Press/BOE Report WASHINGOTN, - Alberta Premier Alison Redford is pouring cold water on reports her government already has a dollar amount in mind for an increase to its carbon tax on industry. Redford is in Washington talking up Alberta's environmental policies to support the approval of the Keystone XL pipeline. The premier has repeatedly stressed Alberta's existing $15 per tonne carbon tax on large emitters who don't meet a 12 per cent intensity reduction target. And [Read more]
US commercial crude inventories build below estimates
U.S. commercial crude oil inventories increased by 0.3 million barrels from the previous week, well below the expected build of ~1.5 million barrels. Total crude oil stocks of 388.9 million barrels are well above the upper limit of the average range for this time of year. Total commercial petroleum inventories increased by 5.9 million barrels last week. [table] [attr style="width: 25%"]April 5`[attr style="width: 25%"]March 29`[attr style="width: 25%"]Change`[attr style="width: 25%"]% [Read more]
Storm Resources Ltd. Announces $18 Million Bought Deal Financing and Up to $5.1 Million Non-Brokered Financing
CALGARY, ALBERTA--(Marketwired - April 10, 2013) - NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS. STORM RESOURCES LTD. ("Storm") (TSX VENTURE:SRX) is pleased to announce that it has entered into an agreement with a syndicate of underwriters led by FirstEnergy Capital Corp. and including National Bank Financial Inc., Peters & Co. Ltd., Macquarie [Read more]
Spyglass Resources Corp. Announces April Cash Dividend and Provides Risk Management Update
CALGARY, ALBERTA--(Marketwired - April 9, 2013) - NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS. All values are in Canadian dollars unless otherwise indicated. Conversion of natural gas volumes to barrels of oil equivalent (boe) are at 6:1. Spyglass Resources Corp (SGL.TO) ("Spyglass") is pleased to announce that its April cash dividend of $0.0225 [Read more]