CALGARY, ALBERTA--(Marketwired - May 24, 2013) - Bonavista Energy Corporation ("Bonavista") (TSX:BNP) is pleased to announce that it has closed private placements of long-term debt of guaranteed senior unsecured notes to a group of institutional investors. The notes issued pursuant to the private placements are ranked equally with Bonavista's obligations under its bank facility. In total, approximately $225 million (US $205 million and CDN $20 million) was raised through four separate series of [Read more]
Headlines
Alberta trucker hauling steel casing causes Washington interstate bridge collapse: police
MOUNT VERNON, Wash. (AP) - The Washington State Patrol has confirmed that an Edmonton-area trucker was at the wheel of a semi that struck a bridge on a busy interstate highway, sending part of the span thundering into a river below. The patrol says William Scott, a 41-year-old resident of Spruce Grove, was hauling a large load Thursday night and hit a girder of the bridge over the Skagit River on Interstate 5, about 100 kilometres north of Seattle. Sgt. Kirk Rudeen says Scott was heading [Read more]
Keystone makes TransCanada more cautious about future U.S. forays: executive
By Bill Graveland, The Canadian Press CALGARY - A senior TransCanada Corp. executive says the resistance to the approval of the proposed Keystone XL oilsands pipeline has made the company more cautious about future cross-border endeavours.Alex Pourbaix, president of energy and oil pipelines at the Calgary-based pipeline and utility company (TSX:TRP), said the long delays getting Keystone approved in the U.S. has been an education."When you're involved in one of these cross-border projects you [Read more]
Canadian Natural Resources Limited Prices C$500 Million in 7 Year Notes
CALGARY, ALBERTA--(Marketwired - May 23, 2013) - Canadian Natural Resources Limited (CNQ.TO) (CNQ) ("Canadian Natural" or the "Company") has priced C$500 million principal amount of 2.89% unsecured notes due August 14, 2020 which have been sold to investors in Canada. The notes were sold at a price of C$100.003 per note to yield 2.89% to maturity. Net proceeds from the sale of the notes will be used to repay bank indebtedness and for general corporate purposes. Scotia Capital Inc. and RBC [Read more]
Tervita opens Saskatoon office
SASKATOON - Environmental and energy services company has opened an office in Saskatoon. Tervita has been working in Saskatchewan for about a decade, but hasn't had a corporate presence until now. Premier Brad Wall says the new office is part of the growth momentum in Saskatchewan that can't be underestimated. It's expected Tervita's office will create more than 250 jobs as a result of increased business. Tervita offers environmental solutions to oil, natural gas and mining [Read more]
Alexander Energy Ltd. 12-12-56-27W4 Well Tests at 240 BOPD
CALGARY, ALBERTA--(Marketwired - May 23, 2013) -Alexander Energy Ltd. ("Alexander" or the "Company"), (TSX VENTURE:ALX) announces that the recently drilled 12-12-56-27W4 well tested at rates in excess of 240 bbls/day of oil with minimal gas, and 2% water. Pipeline tie-in construction to Alexander's field gathering system is underway and should be completed by mid-June. The well is expected to initially produce at the maximum allowable of 125 bbls/day (net 118 bbls/day). The success of the [Read more]
Traverse Energy Ltd Announces Private Placement Financing
CALGARY, ALBERTA--(Marketwired - May 23, 2013) -Traverse Energy Ltd. (the "Corporation") (TSX VENTURE:TVL) intends to complete a non-brokered private placement (the "Private Placement") to a single investor of up to 2,420,000 common shares of the Corporation ("Shares") for total gross proceeds of $1,504,500. Of the total number of Shares to be issued by the Corporation (i) up to 750,000 Shares will be issued on a "flow through" basis eligible for the renunciation of Canadian exploration [Read more]
Surge Energy Inc. Announces Settlement Agreement
CALGARY , May 23, 2013 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (SGY.TO) is pleased to announce that it has reached a mutually beneficial settlement agreement, whereby all third party objections to Surge's holding applications at Valhalla have been withdrawn. The negotiated settlement includes compensation by Surge of $4.0 million for gas production over the past 30 months. The agreement includes a commercial arrangement which accounts for and compensates the parties for any future [Read more]
Pulse Seismic Inc. Announces Appointment of Vice President Sales and Marketing
CALGARY, ALBERTA--(Marketwired - May 23, 2013) - Pulse Seismic Inc. ("Pulse" or "the Company") (PSD.TO)(PLSDF) announces the appointment of Trevor Meier as Vice President Sales and Marketing effective June 1, 2013. Mr. Meier joined the Pulse team in 2006 as a Sales and Marketing Representative and most recently as Manager, Sales and Marketing. He was previously employed at Johnson & Johnson and held various sales and management positions throughout western Canada. Mr. Meier will be [Read more]
Marathon Oil ends talks to sell oilsands assets
Marathon Oil Corporation's bid to sell off its stake in the Athabasca Oil Sands Project has ended with "terminated negotiations". The company said in a press release it "is not engaged in further discussions with respect to a potential sale of these assets". Read the release below courtesy Marathon Oil Corp: As previously announced, Marathon Oil Corporation (NYSE: MRO) had engaged in discussions with respect to a potential sale of a portion of the Company's 20 percent outside-operated [Read more]