CALGARY , Feb. 19, 2013 /CNW/ - February 19, 2013 - (TOL.V) TriOil Resources Ltd. ("TriOil" or the "Corporation") announces that its Board of Directors (the "Board") has adopted a Shareholder Rights Plan (the "Rights Plan") to be effective February 22, 2013 . The Corporation's previously adopted shareholder rights plan dated August 22, 2012 (the "Previous Plan") expires on February 22, 2013 . As TriOil has initiated a comprehensive strategic alternatives process, the Rights Plan has been [Read more]
Headlines
Key Supporters Join TransCanada in Washington, DC
WASHINGTON, DISTRICT OF COLUMBIA--(Marketwire - Feb 19, 2013) - TransCanada Corporation (TRP.TO) (TRP) (TransCanada) and key supporters of the Keystone XL pipeline gathered in Washington, DC to reiterate the facts that the pipeline remains vital to the national interest of the United States, increasing energy security, advancing energy independence, creating jobs and fuelling economic recovery. Joining TransCanada are representatives from the National Association of Manufacturers, Veterans in [Read more]
Loonie hits seven-month low
By Malcolm Morrison TORONTO - The Canadian dollar traded at a fresh, seven-month low Tuesday amid worries centred on fears of massive U.S. government spending cuts, the housing market and oil prices. The loonie slipped 0.65 a cent to 98.74 cents US. The dollar has not had a good start to 2013, falling more than 1.5 cents US. Analyst say there is more than one issue putting pressure on the Canadian currency. For starters, there's the looming sequester in the U.S., [Read more]
DeeThree Exploration Announces Completion of $30 Million Prospectus Offering
CALGARY, ALBERTA--(Marketwire - Feb. 19, 2013) - NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES DeeThree Exploration Ltd. ("DeeThree" or the "Corporation") (DTX.TO) (DTHRF) is pleased to announce that it has completed its previously announced short form prospectus offering (the "Offering"), raising gross proceeds of $30,056,000. The Offering was co-led by Macquarie Capital Markets Canada Ltd. (sole book runner), Raymond James Ltd. and [Read more]
Lone Pine Resources Announces Non-Core Asset Disposition and Fourth Quarter & Full Year 2012 Earnings Release Date
CALGARY, ALBERTA--(Marketwire - Feb 19, 2013) - Lone Pine Resources Inc. ("Lone Pine" or the "Company") (LPR.TO) announces that its wholly owned subsidiary, Lone Pine Resources Canada Ltd., has entered into a definitive agreement with a private oil and gas company to divest of certain non-core assets in the Herronton area of Alberta for total gross cash proceeds of $14.0 million, subject to normal course closing adjustments. Details of the assets to be sold are as follows: Estimated [Read more]
AvenEx Energy, Pace Oil & Gas and Charger Energy Postpone Special Meetings of Shareholders to February 26, 2013
CALGARY, ALBERTA--(Marketwire - Feb. 19, 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. AvenEx Energy Corp. ("AvenEx") (AVF.TO), Pace Oil & Gas Ltd. ("Pace") (PCE.TO), and Charger Energy Corp. ("Charger") (TSX VENTURE:CHX) announce that the special meetings of the shareholders of each of AvenEx, Pace and Charger scheduled for February 19, [Read more]
Yangarra Provides Operations Update and Announces 2013 Capital Program
CALGARY, Feb. 19, 2013 /CNW/ - Yangarra Resources Ltd. ("Yangarra" or the "Company") (TSX-V:YGR.V) announces that December 2012 field production averaged 2,180 boe/d (50% oil and NGL's). Annual production for 2012 was 1,915 boe/d (40% oil and NGL's) which is a 52% increase in production per common share over 2011. Net capital expenditures in 2012 were scaled back to 60% of the planned $35 million budget due to low natural gas pricing, wet conditions in Central Alberta and infrastructure [Read more]
Drilling for oil: 1956 documentary shows enhanced recovery and horizontal drilling used nearly 60 years ago
An educational documentary from 1956's Science in Action series titled Drilling for Oil shows that many of the techniques used today in exploring and drilling for oil and gas are still very comparable to the techniques used in the 1950's. The show focuses on a discussion between the series' host and a guest expert in the oil and gas industry. The expert demonstrated enhanced oil recovery using water and gas injection (at the video's 13:15 mark) and horizontal drilling to target oil pools [Read more]
Canada rig count up from last week
[table] [attr style="width: 20%"]`[attr style="width: 35%"]`[attr style="width: 15%"]Oil`[attr style="width: 15%"]Gas`[attr style="width: 15%"]Total [attr rowspan="5" style="background-color: #E0E0E0; text-align: center; vertical-align: middle;"]Canada`This Week`500`151`651 Last Week`480`151`631 Last Year`516`189`705 Week over Week Change`+20`+0`+20 Year over Year Change`-16`-38`-54[/table] [table] [attr style="width: 20%"]`[attr style="width: 35%"]`[attr style="width: 15%"]Oil`[attr [Read more]
Storm Resources Ltd. Announces Closing of Asset Disposition
CALGARY, ALBERTA--(Marketwire - Feb 15, 2013) - STORM RESOURCES LTD. ("Storm") (TSX VENTURE:SRX) advises that the disposition of 275 Boe per day of production in the Grande Prairie area of northwest Alberta, as announced on January 23, 2013, has closed. Proceeds from the disposition of $18 million, prior to normal adjustments, will be applied in reduction of bank debt. Pro forma net debt at December 31, 2012 is estimated to be $24 million after giving effect to this disposition and a smaller [Read more]