CALGARY, ALBERTA--(Marketwired - May 13, 2013) - NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES. Bonterra Energy Corp. (TSX:BNE) (Bonterra or the Company) is pleased to announce its operating and financial results for the three months ended March 31, 2013. The related unaudited condensed consolidated financial statements and notes, as well as management's discussion and analysis, are available on the System for Electronic Document Analysis and [Read more]
Headlines
Second Wave Petroleum Inc. Announces Completion of Debenture Financing
condCALGARY, May 13, 2013 /CNW/ - Second Wave Petroleum Inc. (TSX:SCS.TO) ("Second Wave" or the "Company") announces completion of its previously announced debenture financing, pursuant to which it has issued to Brookfield Bridge Lending Fund Inc. ("Brookfield"), the Company's controlling shareholder, a $17.5 million principal amount 7.5% secured convertible debenture (the "Debenture") for net proceeds of $17,325,000 after payment of the 1% commitment fee. The Debenture has a maturity date [Read more]
RMP Energy Announces First Quarter 2013 Results and Ante Creek Pipeline Project
CALGARY, ALBERTA--(Marketwired - May 13, 2013) - RMP Energy Inc. ("RMP" or the "Company") (TSX:RMP) is pleased to report its financial and operating results for the first quarter of 2013. For the three months ended March 31, 2013, RMP reported funds from operations of $20.1 million ($0.19 per basic share) on revenue of $32.6 million and record-setting average daily production of 6,727 barrels of oil equivalent (weighted 55% light oil and NGLs). Highlights and detailed results are as [Read more]
Conservatives boost resources ad spending to $16.5M, target U.S. audiences
OTTAWA - Ottawa is dramatically ramping up ad spending by Natural Resources Canada as the Conservatives take their environmental and natural resources fight directly to the American market. Budgetary estimates show that $16.5 million has been set aside by the department for advertising in 2013-14 to highlight what the Harper government calls responsible resource development. That's up from $9 million last year and just $237,000 in Natural Resources advertising in 2010-11. The [Read more]
Aboriginals call for Arctic energy moratorium as circumpolar leaders meet
A growing number of aboriginals from around the Arctic are calling for a moratorium on energy development in the North. Groups from every Arctic country have signed a statement that calls for an end to offshore drilling and a pause in northern energy projects unless local aboriginals consent. The statement was released in Kiruna, Sweden, two days before leaders from the eight circumpolar nations meet and hand over chairmanship of the Arctic Council to Canada. The statement [Read more]
Strategic Oil & Gas Ltd. Announces Board Changes, New Chairman of the Board
CALGARY, ALBERTA--(Marketwired - May 13, 2013) - Strategic Oil & Gas Ltd. (the "Company" or "Strategic") (TSX VENTURE:SOG) is pleased to announce that the following changes were made to its board of directors as a result of last week's annual meeting. Thomas Claugus was named Chairman of the board. He is the President and majority shareholder of GMT Capital Corp. which he founded in 1990. He currently sits on the board of several other companies including Paramount Resources Corp. Thomas [Read more]
N.W.T. industry minister touts ‘MADE IN THE NORTH’ oil pipeline alternative
By Lauren Krugel, The Canadian Press CALGARY - The Northwest Territories is promoting the idea of a "made-in-the-North" oil pipeline as a means to get Canadian crude to international markets, bypassing jurisdictions that have been less than keen on such developments. "Certainly the Northwest Territories is in a good location when it comes to the possible routing of the pipeline north," David Ramsay, the territory's industry minister, said in a recent interview. Ramsay [Read more]
TSX, U.S. markets fall amid moderate retail data from China and U.S
By Linda Nguyen, The Canadian Press TORONTO - The Toronto stock market fell sharply Monday as prices for commodities, particularly gold, drove down the index amid data that showed slightly smaller-than-expected increases in China's industrial production and retail sales. The S&P/TSX composite index dropped 69.13 points to 12,519.96. The Canadian dollar was up 0.14 of a cent to 99.03 cents US. The U.S. commerce department reported that retail sales edged up 0.1 per cent in April, [Read more]
Oil price falls to near $95 a barrel as rising dollar puts pressure on commodities like crude
By Pablo Gorondi, The Associated Press The price of oil fell to near $95 a barrel on Monday, reflecting the recent strengthening of the US dollar against the yen and other major currencies. By early afternoon in Europe, benchmark oil for June delivery was down 71 cents to $95.33 a barrel in electronic trading on the New York Mercantile Exchange. The contract fell 35 cents on Friday. The stronger US dollar is causing oil prices to fall, analysts said. The dollar has risen in recent days [Read more]
Plans to increase US exports of liquefied natural gas stir debate on environment
WASHINGTON - A domestic natural gas boom already has lowered U.S. energy prices while stoking fears of environmental disaster. Now U.S. producers are poised to ship vast quantities of gas overseas as energy companies seek permits for proposed export projects that could set off a renewed frenzy of the much-debated kind of drilling known as fracking. Expanded drilling is unlocking enormous reserves of crude oil and natural gas, offering the potential of moving the country closer to [Read more]