/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/ CALGARY, April 22, 2013 /CNW/ - Western Energy Services Corp. ("Western") (TSX:WRG.TO) and IROC Energy Services Corp. ("IROC") (TSXV:ISC.V) are pleased to announce the closing of the previously announced acquisition of IROC by Western. Further to the joint press release by Western and IROC datedFebruary 22, 2013, Western acquired all of the outstanding securities of IROC by way of a plan of [Read more]
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Sunshine Oilsands Ltd.: Update on West Ells Project Capital Cost Estimate and Construction Schedule
This is an announcement made pursuant to the Inside Information Provisions under Part XIVA of the Securities and Futures Ordinance (Cap. 571) and Rule 13.09 of the Rules Governing the Listing of Securities on the Stock Exchange. HONG KONG, April 22, 2013 /CNW/ - Sunshine Oilsands Ltd.("Sunshine") (HKEX: 2012; TSX: SUO) has undertaken a detailed review of its cost estimate and schedule for the West Ells SAGD Project, currently under construction near Ft. McMurray, Alberta. The installed cost [Read more]
Renegade Board Appoints Financial Advisors
CALGARY, ALBERTA--(Marketwired - Apr 22, 2013) - Renegade Petroleum Ltd. ("Renegade" or the "Company") (TSX VENTURE:RPL), a light oil focused exploration and production company with assets located in Saskatchewan, Alberta, Manitoba and North Dakota, is pleased to announce that, further to its press release dated April 15, 2013, the Renegade board of directors (the "Board") has retained Macquarie Capital Markets Canada Ltd. and TD Securities Inc. as joint financial advisors to the Board to assist [Read more]
Hyperion Exporation Corp. Announces Significant Reserve Growth in 2012, Operations Update for Niton/McLeod, and Fourth Quarter and Year End 2012 Financial Results
CALGARY, ALBERTA--(Marketwired - Apr 22, 2013) - Hyperion Exploration Corp. ("Hyperion" or the "Company") (TSX VENTURE:HYX) is pleased to announce significant 2012 year end reserve growth, an operations update highlighting success at the Niton/McLeod light oil Cardium play, and highlights of operating results for the quarter and year ended December 31, 2012. Selected financial and operational information is outlined below and should be read in conjunction with Hyperion's unaudited financial [Read more]
Traders await slew of resource company earnings reports after dismal week on TSX
By Malcolm Morrison, The Canadian Press TORONTO - The Toronto stock market could be set to move further into negative territory this week as a slew of resource companies deliver quarterly earnings reports. The TSX had a dismal week, closing down 2.2 per cent, leaving the main Toronto index down 2.95 per cent year to date, as a new round of worry sparked a selloff concentrated on resource stocks. Oil moved below US$90 a barrel and copper fell to an 18-month low after the International [Read more]
Conservatives mark Earth Day, open public access to oilsands monitoring data
By Heather Scoffield OTTAWA - The federal Conservatives have decided to mark Earth Day this year, launching a long-promised portal for public access to sensitive environmental data from the oilsands. Federal Environment Minister Peter Kent and his Alberta counterpart Diana McQueen will be at Carleton University in Ottawa on Monday to flick the switch and allow public scrutiny of new research measuring the quality and quantity of the land, air and water in the Athabasca [Read more]
National Energy Board ups safety regulations for pipelines
The National Energy Board says it has strengthened regulations for federally regulated oil and natural gas pipelines to make them safer for people and the environment. The amended regulations that came into effect earlier this month require companies to do more to address safety, pipeline integrity, security, environmental protection and emergency management. Board chairman Gaetan Caron said the new rules can help companies better manage risk and safe pipeline [Read more]
Alison 2.0: Alberta’s Redford reinvents herself one year after election victory
By Dean Bennet EDMONTON - One year after Alison Redford won her first popular mandate, the Alberta premier remembers not only voting day, but the uneasy feeling just before she dropped the writ. It was last March 26. Redford stood in her cabinet meeting room and realized she might not see it again. "The most profound moment in this room was that last moment," said Redford in an interview, touching her high-backed chair beside the long, sprawling, oval wooden desk, hollow in [Read more]
Alberta government to partially fund five new oilsands projects
The Alberta government has announced it will partially fund 5 oilsands projects supported by the Innovative Energy Technologies Program. The companies receiving funds are: Canadian Natural Resources Limited, Cenovus Energy Inc., Imperial Oil Ltd., and Perpetual Energy. As part of an attempt to reduce fresh water use and enhance oil recovery in oil sands, the Alberta government will contribute a $33 million with the mentioned companies providing an aggregate $177 million. Read the release [Read more]
Oil price rises above $88 following sharp drops, ends week slightly higher
By The Associated Press The price of oil rose above US$88 a barrel on Friday as traders cautiously returned to commodity markets following sharp sell-offs this week. Benchmark crude for May delivery rose 28 cents to finish at $88.01 a barrel on the New York Mercantile Exchange. Crude has lost about $9 a barrel since the beginning of the month, as various reports highlighted slower growth in China and still-sluggish growth in the U.S. and elsewhere, while oil supplies remained [Read more]