CALGARY, ALBERTA--(Marketwired - June 3, 2013) - Traverse Energy Ltd. (the "Corporation") (TSX VENTURE:TVL) is pleased to announce that it has successfully closed its previously announced non-brokered private placement (the "Private Placement") of common shares of the Corporation ("Shares") issued on a "flow through" basis within the meaning of the Income Tax Act (Canada) (the "Tax Act"). The Corporation issued 2,420,000 Shares for total gross proceeds of $1,504,500. Of the total number of [Read more]
Headlines
Whitecap Resources Inc. announces resignation of director
CALGARY, June 3, 2013 /CNW/ - Whitecap Resources Inc. (TSX: WCP) announces that Don Cowie has resigned from the Board of Directors effective May 29, 2013. We are pleased to have had Don join the Whitecap Board at the time of the Spry corporate acquisition in April 2011. The Board of Directors and management of Whitecap would like to thank Don for his contribution and guidance over the past two years and wish him success in his future endeavors. Whitecap Resources Inc. is a dividend paying, [Read more]
Delphi Energy Provides Update
CALGARY, ALBERTA--(Marketwired - June 3, 2013) - Delphi Energy Corp. ("Delphi" or the "Company") is pleased to provide the following update. ANNUAL GENERAL MEETING At Delphi's annual general meeting held on May 28th, 2013, the nominees proposed in the management proxy circular for the 2013 annual meeting of shareholders were elected as directors. Detailed results of the vote on the election of directors held at the meeting were as set out in the attached table. DIRECTOR NOMINEE VOTING [Read more]
Pieridae Energy inks deal with German firm for 20-year LNG project off Nova Scotia
HALIFAX - Pieridae Energy Canada says it has signed a 20-year agreement with a German utility company that would buy liquefied natural gas from a proposed project in Nova Scotia. The deal would see E.ON Global Commodities SE purchase about five million tonnes of liquefied natural gas annually from a development that Pieridae has proposed for Goldboro, N.S. Pieridae Energy says the cost of the liquefied natural gas would be based on market prices in the Western European [Read more]
BlackPearl to Accelerate Development of Its 12,000 Barrel Per Day Thermal Project at Onion Lake and Proposes to Issue US$350 Million Term Loan Facility
CALGARY, ALBERTA--(Marketwired - June 3, 2013) - BlackPearl Resources Inc. ("BlackPearl" or the "Company") (TSX:PXX)(OMX:PXXS) is pleased to announce that the Company plans to accelerate the development of its thermal enhanced oil recovery (EOR) project at its Onion Lake heavy oil property in Saskatchewan. BlackPearl has elected to proceed with a 12,000 barrel per day EOR project at Onion Lake, Saskatchewan prior to proceeding with the first phase of its steam-assisted gravity drainage (SAGD) [Read more]
Contact Exploration Announces Long-term Customer Signed by Pieridae Energy for Goldboro LNG Project
CALGARY, ALBERTA--(Marketwired - June 3, 2013) - Contact Exploration Inc. ("Contact" or the "Company") (TSX VENTURE:CEX) is pleased to announce that Pieridae Energy (Canada) Ltd. ("Pieridae") has entered into a long-term sales agreement with E.ON Global Commodities SE ("E.ON"), a subsidiary of E.ON SE, and one of the world's largest investor-owned power and gas companies, for the purchase of liquefied natural gas ("LNG") from the Goldboro LNG project being developed by Pieridae in Nova Scotia, [Read more]
Bellatrix Exploration Ltd. announces that the previously announced Korean JV closing will not be extended beyond May 31, 2013
CALGARY, June 3, 2013 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE MKT: BXE) announces that the Seoul Korea based company was not able to meet the remaining closing conditions required to close the previously announced Ferrier area Korean $300 million Cardium Joint Venture on May 31, 2013. Bellatrix has not extended the deadline for satisfying such conditions beyond May 31, 2013 and as a result Bellatrix will consider alternative joint venture partners for the [Read more]
Blackdog Resources Ltd. Updates Sylvan Lake Operations, Acknowledges Farm out Interest in Woking/Evi Properties
CALGARY, ALBERTA--(Marketwired - June 3, 2013) - Blackdog Resources Ltd. ("Blackdog" or "the Company") (TSX VENTURE:DOG) is pleased to provide an update on our Sylvan Lake and Woking Properties. In late March, 2013, the Company equipped its 100% owned light oil and liquid rich natural gas well at Sylvan Lake with a rod string and bottom hole pump. The Company also secured a large scale rental pump jack to test the well. However, at the last minute, the Operator of the pipeline was not [Read more]
Crocotta Energy Announces Increase to Previously Announced Flow-Through Share Private Placement to $22 Million
CALGARY, ALBERTA--(Marketwired - June 3, 2013) - NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA CROCOTTA ENERGY INC. (TSX:CTA) ("Crocotta" or the "Company") is pleased to announce that it has increased the maximum size of its previously announced non-brokered private placement of common shares in the capital of the Company ("Common Shares") to be issued on a "flow-through" basis in respect of Canadian exploration expenses ("CEE") to [Read more]
Inter Pipeline Announces Corporate Restructuring and Distribution Increase
CALGARY, ALBERTA--(Marketwired - June 2, 2013) - Inter Pipeline Fund ("Inter Pipeline") (TSX:IPL.UN) announced today that it has completed several internal transactions related to the restructuring of its current limited partnership structure to position the business for a planned conversion to a corporate form. Inter Pipeline has indirectly purchased Pipeline Management Inc, its General Partner, for initial consideration valued at $170 million, plus adjustments, and a future second instalment [Read more]