CALGARY, ALBERTA and HOUSTON, TEXAS--(Marketwired - May 1, 2013) - Enbridge Inc. (ENB) (ENB.TO) (Enbridge) and Enbridge Energy Partners, L.P. (EEP) (the Partnership) today announced the successful launch of an online portal to offer free, customized pipeline emergency training to first responder organizations located along Enbridge's and the Partnership's more than 50,000 miles of onshore pipelines comprising several pipeline systems in the United States and Canada. The program material is [Read more]
Headlines
Storm Resources Ltd. Announces Closing of $23.7 Million Bought Deal Financing and $5.6 Million Non-Brokered Financing
CALGARY, ALBERTA--(Marketwired - May 1, 2013) - NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS. STORM RESOURCES LTD. ("Storm") (TSX VENTURE:SRX) is pleased to announce that it has completed its previously announced bought deal financing for aggregate gross proceeds of $23,650,400 (the "Bought Deal Financing"). Pursuant to the Bought Deal Financing, [Read more]
Talisman Energy swings to US$213M loss in Q1 as revenue drops 45%
By The Canadian Press CALGARY - Talisman Energy Inc. (TSX:TLM.TO) has posted a more than $200- million loss in the first quarter as revenue was cut almost in half amid lower production and prices. The Calgary-based oil and gas company said its net loss in the period was US$213 million or 21 cents per share, reversing a year-earlier profit of US$291 million or 28 cents per share. Revenue fell about 45 per cent to just under $1.1 billion from $1.97 billion in the same 2012 [Read more]
Questfire Energy Corp. Announces Closing of Purchase of Oil and Gas Assets
CALGARY, ALBERTA--(Marketwired - April 30, 2013) - NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Questfire Energy Corp. ("Questfire" or the "Company") (TSX VENTURE:Q.A) (TSX VENTURE:Q.B) is pleased to announce that it has closed its previously announced Purchase and Sale Agreement to acquire conventional producing assets from Advantage Oil & Gas Ltd. for total consideration consisting of $40.2 million of cash, $32.6 million of senior [Read more]
Advantage Announces Closing of Non-Core Asset Disposition to Questfire and a Revised Credit Facility
(TSX: AAV, NYSE: AAV) CALGARY , April 30, 2013 /CNW/ - Advantage Oil & Gas Ltd. ("Advantage" or the "Corporation") (AAV.TO) (AAV) is pleased to announce the closing of the previously announced transaction with Questfire Energy Corp. ("Questfire") (a TSX-V listed company) for the sale of substantially all of Advantage's remaining non-core assets. The consideration received by Advantage consisted of $40.2 million of cash, a $32.6 million Convertible Senior Secured Questfire Debenture (the [Read more]
Athabasca Oil Corporation reports voting results of election of directors
CALGARY , April 30, 2013 /CNW/ - Athabasca Oil Corporation (ATH.TO) announces that at its annual general meeting of shareholders held on April 30, 2013 , each of the six nominees proposed as a director and listed in its information circular - proxy statement dated March 21, 2013 were elected as directors. The results of the voting for each nominee are as follows: Nominee Votes For Votes Withheld No. % No. % Tom Buchanan 165,236,559 94.26% 10,065,382 5.74% Gary [Read more]
Whitecap Resources Inc. announces completion of arrangement with Invicta Energy Corp. and results of shareholders’ meeting
CALGARY , April 30, 2013 /CNW/ - Whitecap Resources Inc. ("Whitecap") (WCP.TO) is pleased to announce that Whitecap has completed the previously announced acquisition of Invicta Energy Corp. ("Invicta") (VCA.V) pursuant to a plan of arrangement (the "Arrangement") under the provisions of theBusiness Corporations Act (Alberta). Whitecap has acquired all of the issued and outstanding common shares of Invicta for $219,324 in cash and the issuance of an aggregate of 4,832,188 common shares of [Read more]
First Mountain Exploration Ltd. completes property acquistion and files 2012 financial results
CALGARY , April 30, 2013 /CNW/ - First Mountain Exploration Ltd. ("First Mountain") (TSX Venture: FMX) is pleased to announce that it has closed the acquisition of producing oil and gas properties in the Lanaway and Fir areas of Alberta for cash consideration of $400,000 , before closing adjustments and related costs as previously announced on April 17, 2013 . First Mountain has filed on SEDAR its audited annual financial statements ("Financial Statements") and related management's discussion [Read more]
Trilogy Energy Corp. Announces Financial and Operating Results for the Three Months-Ended March 31, 2013
CALGARY, ALBERTA--(Marketwired - April 30, 2013) - Trilogy Energy Corp. (TET.TO) ("Trilogy") is pleased to announce its financial and operating results for the three months-ended March 31, 2013. FINANCIAL AND OPERATING HIGHLIGHTS Reported sales volumes for the first quarter of 2013 averaged 36,119 Boe/d compared to 35,014 Boe/d for the previous quarter and 31,012 Boe/d for the same period in 2012, representing a 3 percent and 16 percent increase, respectively, in production. Oil sales [Read more]
Canadian Oil Sands net income drops in first quarter on plant outages
CALGARY - Canadian Oil Sands Ltd. (TSX:COS) posted a big drop in profit for the first three months of the year as unplanned outages at the Syncrude oilsands mine took a bite out of production. Net income during the first quarter was $177 million, or 37 cents per share, down from $318 million, or 66 cents per share during the same period a year earlier, the company said Tuesday. That missed the average analyst estimate of 41 cents per share, according to Thomson [Read more]