CALGARY, ALBERTA--(Marketwired - Sept. 3, 2013) - Donnybrook Energy Inc. ("Donnybrook" or the "Company") (TSX VENTURE:DEI) reports that it has become aware of a proposed class action lawsuit filed in the Alberta Court of Queen's Bench against Donnybrook, Donnycreek Energy Inc. ("Donnycreek") and certain of their respective directors and officers. The action contains various claims relating to the plan of arrangement involving Donnybrook and Donnycreek completed in November 2011, the transfer of [Read more]
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Novus Energy Inc. enters into definitive agreement to be acquired by Yanchang Petroleum International Limited
CALGARY, Sept. 3, 2013 /CNW/ - Novus Energy Inc. ("Novus" or the "Company") (TSXV: NVS) is pleased to announce that it has entered into a definitive agreement (the "Arrangement Agreement") with Yanchang Petroleum International Limited ("Yanchang Petroleum International") and Yanchang International (Canada) Limited ("Yanchang Canada", and, together with Yanchang Petroleum International, the "Purchaser Parties") for the purchase of all of the issued and outstanding common shares of the Company [Read more]
Yangarra Announces a 47 Section Cardium Farm-In Agreement in the Willesden Green Area
CALGARY, Sept. 3, 2013 /CNW/ - Yangarra Resources Ltd. ("Yangarra" or the "Company") (TSXV:YGR) announces that it has entered into a 47 section Cardium Farm-In Agreement in the Willesden Green Area with an industry major ("Farmor"). The Farm-In Agreement The Farm-In Agreement ("Farm-in") covers 47 gross (29 net) sections in the Willesden Green area that offset existing Yangarra land holdings. Yangarra has identified 61 gross (37 net) Cardium locations with similar geology to the Company's [Read more]
Wrangler West Updates Credit Facility, Announces Strategic Alternatives Process
CALGARY, Sept. 3, 2013 /CNW/ - Wrangler West Energy Corp. ("Wrangler West", the "Company") (TSX-V "WX") provides the following corporate information updates. Credit Facility The Company announces an amendment to the Company's revolving operating demand loan agreement ("Credit Facility") effective September 3, 2013 with Canadian Western Bank (the "lender") in the amount of $4.9 million with a monthly reduction of $100,000 beginning September 26, 2013 and a maturity date of December 31, 2013. [Read more]
Pembina Pipeline Corporation Positions for Future Growth Through Acquisition of Land and Facilities in Alberta’s Industrial Heartland
CALGARY, Sept. 3, 2013 /CNW/ - Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) announced today that it has acquired a site in the Alberta Industrial Heartland for approximately $20 millionfeaturing a well-designed existing rail system and utility infrastructure to support the future development of rail, terminalling and storage facilities (the "Heartland Hub"). The Heartland Hub is a further build-out of Pembina's larger Nexus terminal ("PNT"), servicing crude oil [Read more]
Keystone decision not likely until 2014
WASHINGTON (AP) - The fate of TransCanada's Keystone XL pipeline isn't likely to be determined until 2014, almost a decade after the Calgary-based energy giant first conceived of the project.The U.S. State Department said in a recent statement to the media that it won't release its final environmental assessment of the $7 billion pipeline until it's pored over and published more than a million public comments on its draft ecological analysis. Those efforts, ongoing since March, could be [Read more]
Atikwa Announces Definitive Agreement for Hansar Acquisition and Successful Outcome of Shareholders Meeting
CALGARY, ALBERTA--(Marketwired - Sept. 3, 2013) - Atikwa Resources Inc. (TSX VENTURE:ATK) ("Atikwa" or the "Company") is pleased to announce that it has completed its ongoing negotiations with Hansar Energy Corp. ("Hansar") regarding the terms of the Company's acquisition of all of the issued and outstanding equity interests of Hansar, previously announced by news release dated August 22, 2013. On August 29th, the Company and its wholly-owned subsidiary entered into a definitive amalgamation [Read more]
Kallisto Cases Crossfield 16-26 Well
CALGARY, ALBERTA--(Marketwired - Sept. 3, 2013) - Kallisto Energy Corp. (TSX VENTURE:KEC) ("Kallisto" or the "Company") is pleased to announce that drilling operations to test for Elkton light oil at its Crossfield 16-26-027-01W5 location ("16-26") have concluded. The 16-26 well has been logged and cased. Completion and testing operations will be undertaken shortly. Kallisto farmed out a portion of its interest in the 16-26 well, resulting in Kallisto paying 40% of the cost of the well [Read more]
Novus stock still halted
Novus' stock is still ineligible for trading after IIROC halted the stock "At the Request of the Company Pending News." Novus was trading at $0.84 when the stock halted Wednesday Aug 28 at 8:37AM ET. The company, which produces over 3,100 boe/d primarily Viking oil, initiated a value realization process with Coramrk and FirstEnergy. Novus stock chart: UPDATE: Novus Energy Inc. enters into definitive agreement to be acquired by Yanchang Petroleum International Limited [Read more]
Edge Resources Inc. Announces Record Quarterly Results Debt Restructuring, and Production and Reserve Update
CALGARY, ALBERTA--(Marketwired - Sept. 3, 2013) - Edge Resources Inc. (TSX VENTURE:EDE)(AIM:EDG) ("Edge" or the "Company") reports record financial and operating results for the three month period ending June 30, 2013. Edge is also pleased to announce that it has lowered the interest rate on its loan with a subordinated lender and extended the due date of that loan until 2017. Additionally, the Company has achieved record operating and financial results during the last quarter due to lower [Read more]