Ballard Signs Agreement for Clean Energy Fuel Cell Module to Power Connecticut Bus
Ballard Power Systems (NASDAQ:BLDP - News) (TSX:BLD.TO - News) has announced a supply agreement with the Center for Transportation and the Environment for a 150 kilowatt FCvelocityTM-HD6 fuel cell module to be integrated into a bus that will be deployed with CTTransit in Hartford, Connecticut. The All-American fuel cell hybrid bus is expected to be delivered in 2015.
The fuel cell hybrid bus configuration to be deployed with CTTransit was jointly developed with partners BAE Systems and ElDorado National and is currently in operation with SunLine Transit Agency in Thousand Palms, California.
NOCAL Approves Revised Production Sharing Contract for Block LB-13 Offshore Liberia; Canadian Overseas Petroleum Revises Agreements with Peppercoast Petroleum and ExxonMobil NOCAL Approves Revised Production Sharing Contract for Block LB-13 Offshore Liberia; Canadian Overseas Petroleum Revises Agreements with Peppercoast Petroleum and ExxonMobil
Canadian Overseas Petroleum Limited ("COPL" or "the Company") (TSX-V: XOP), and its wholly owned subsidiary, Canadian Overseas Petroleum Bermuda Limited ("COPL Bermuda"), is pleased to announce that a Restated and Amended Production Sharing Contract ("PSC") for Block LB-13 offshore Liberia has been agreed with ExxonMobil Exploration and Production Liberia Limited ("ExxonMobil") and the National Oil Company of Liberia ("NOCAL").
Kelt announces $94.35 million equity financing
Kelt Exploration Ltd. ("Kelt" or the "Company") is pleased to announce a brokered and non-brokered equity financing for gross aggregate proceeds of $94.35 million.
Brokered Private Placement
Kelt is pleased to announce that it has entered into an agreement with a syndicate of underwriters led by Peters & Co. Limited, and including FirstEnergy Capital Corp., RBC Capital Markets, Scotia Capital Inc., CIBC World Markets Inc., Cormark Securities Inc., Dundee Securities Ltd., Macquarie Capital Markets Canada Ltd., National Bank Financial Inc., GMP Securities Inc., and Stifel Nicolaus Canada Inc. (collectively the "Underwriters"), under which the Underwriters have agreed to purchase for resale to the public, on a bought deal private placement basis, 11.0 million common shares of Kelt at a price of $5.55 per common share, resulting in gross proceeds of $61,050,000.
Canadian Overseas Petroleum Acknowledges Speech by NOCAL CEO Regarding Block LB-13
Canadian Overseas Petroleum Limited ("COPL" or "the Company") (XOP.V), issues this news release as a result of unusual trading in its Common Shares on the morning of Thursday, March 7, 2013 , and in consultation with the Investment Industry Regulatory Organization of Canada .
COPL notes the statements made by the Chief Executive Officer of the National Oil Company of Liberia made March 7, 2013 in Liberia in relation to the proposed acquisition of a significant interest in offshore Liberia Block LB-13 by a wholly-owned subsidiary of the Company. An article about the Chief Executive Officer's speech can be found at www.micatliberia.com. The parties are in the process of executing the relevant documents and the Company is encouraged by this development. The Company hopes to be in a position to provide further news shortly.
JA Solar Modules Receive UL Certification for Use in 1000 Vdc Installations
JA Solar Holdings Co., Ltd. (JASO) ("JA Solar" or the "Company"), one of the world's largest manufacturers of high-performance solar power products, today announced that the Company's entire range of modules has received UL 1703 certification for use on 1000 Vdc systems in the United States and Canada from Underwriters Laboratories ("UL"), a global independent safety science company. The modules were tested in Intertek laboratories and also received ETL certification, demonstrating their compliance with the requirements of widely accepted product safety standards.
PDC Energy Announces 2012 Fourth Quarter and Year-End Results; Successful Results From Second Horizontal Utica Shale Well
PDC Energy, Inc. ("PDC" or the "Company") (PDCE) today reported its 2012 fourth quarter and year-end financial and operating results.
In mid-February 2013, the Company flow tested its second horizontal Utica Shale well in Guernsey County, Ohio. The Detweiler 42-3H well tested through tubing at a peak rate of 2,197 barrels of oil equivalent ("Boe") per day on a 20/64" choke with an average rate of 2,039 Boe per day for 24 consecutive hours. The Detweiler 42-3H well flow test was conducted following a 60-day resting period. Based upon composition analysis, the gas being produced is 1,263 BTU rich gas.
Bankers Petroleum Announces 2012 Reserves Report
224 Million Barrels of Proved plus Probable (2P) Reserves; NPV of $1.86 billion Average Production 1st Quarter to Date 16,800 bopd
Bankers Petroleum Ltd. ("Bankers" or the "Company") (TSX: BNK, AIM: BNK) is pleased to provide the results of its December 31, 2012 independent reserves evaluation. Evaluations were conducted by RPS Energy Canada Ltd. (RPS) for the Patos-Marinza oilfield, Albania and by DeGolyer and McNaughton Canada Ltd. (D&M) for the Kuçova oilfield, Albania and were prepared in accordance with Canadian National Instrument 51-101 - Standards of Disclosure for Oil and Gas Activities.
Niko Provides Updates
Niko Resources Ltd. ("Niko" or the "Company") (NKO.TO), is pleased to provide the following updates.
Planned Capital Spending in India for Fiscal 2014 and Fiscal 2015
Subject to significantly improved pricing for natural gas produced in India, the Company''s estimate of its share of planned capital spending in India is as follows:
The Company''s estimate of its share of planned capital spending for the D6 Block is $35 to $45 million for the fiscal year ended March 31, 2014, and $40 to $50 million for the fiscal year ended March 31, 2015. These figures include estimated costs for the following planned capital projects:
Western Energy Services Corp. Announces Strategic Acquisition of IROC Energy Services Corp.
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Western Energy Services Corp. ("Western") (TSX: WRG) and IROC Energy Services Corp. ("IROC") (TSX Venture: ISC) are pleased to announce that they have entered into an arrangement agreement (the "Arrangement Agreement") to combine Western's premier contract drilling fleet with IROC's industry leading well servicing fleet and oilfield equipment rental business (the "Transaction"). The combined company will operate one of the newest fleets of equipment in each of its respective service lines. The quality of the equipment, coupled with their operational excellence, is evident in that both companies currently yield one of the highest rig utilizations in each of their respective industry segments.
Gran Tierra Energy Tests 1,984 Barrels of Oil per Day (18.5 Degree API) with Peru Discovery Well
Planning Horizontal Sidetrack to Implement Long Term Test and Bring New Oil to Market
Gran Tierra Energy Inc. ("Gran Tierra Energy") (NYSE MKT: GTE, TSX: GTE), a company focused on oil exploration and production in South America, today provided updates for its exploration drilling in Peru.
"Gran Tierra Energy has successfully completed initial testing of the Bretaña Norte 95-2-1XD exploration well in Peru at rates that far exceeded expectations. We are currently planning to extend the Bretaña Norte 95-2-1XD exploration well with a horizontal leg, with operations expected to commence by the end of February, to initiate long term testing and to fast-track first production from the Bretaña discovery," said Dana Coffield, President and Chief Executive Officer of Gran Tierra Energy.
Twin Butte Energy Confirms February Dividend Payment
Twin Butte Energy Ltd. (TSX:TBE) ("Twin Butte" or the "Company") confirms that its cash dividend in respect of February 2013 production will be $0.016 per share. The eligible dividend will be paid on March 15, 2013 to shareholders of record on February 28, 2013. The ex-dividend date is February 26, 2013. These dividends are designated as "eligible dividends" for Canadian income tax purposes.
Daystar Technologies, Inc. Completes First Solar Park Acquisition in Hawaii From Avatar Solar
DayStar Technologies, Inc. (DSTI) announces completion of its first acquisition from Avatar Solar of a Hawaiian solar park. The Company's agreement with Avatar is to acquire all its operational solar parks throughout the State of Hawaii. DayStar paid cash and common shares issued at $2.00 for this solar park.
Lorne Roseborough, DayStar's President, stated, "This is the first completed transaction in DayStar's strategy to acquire fully operational projects. We are looking at geographical regions where we plan to expand services to build and operate projects as a solar power provider, very similar to companies like SolarCity. The big difference is that DayStar is actively looking to own and operate projects long-term, and has plans to change how renewable energy is provided long-term with our investment in Premier Global.
Sterling Resources responds to unsolicited takeover bid
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/
Sterling Resources Ltd. (TSX-V:SLG.V - News) ("Sterling" or the "Company") confirms that it is aware of the announcement by Vitol Anker International B.V. ("Vitol") that Vitol intends to make an unsolicited offer for all of the outstanding common shares (the "Shares") of Sterling at a price of $0.85 per Share.
Sterling has been in ongoing discussions with Vitol regarding a potential transaction that the Board of Directors of Sterling (the "Board") believes could be in the best interests of Sterling shareholders and that would also provide Sterling with additional interim funding. Sterling has also had discussions with third parties on other potential transactions including business combinations, sales of subsidiaries and assets and additional financing opportunities.
Real Goods Solar Selected by Leading Production Homebuilder to Bring Solar to New Communities
Real Goods Solar, Inc. (RSOL), a nationwide leader of turnkey solar energy solutions, has been selected by a leading production homebuilder to deploy solar in certain of its new communities, beginning in California and with an eye towards broader deployment to other solar friendly states.
Home buyers in participating solar communities will enjoy the benefits of a solar system as a standard feature of their new home. Real Goods Solar will design, engineer, service and manage the installation of these residential solar systems. The systems will be designed to offset a good portion of the electrical needs of the home.
Nexen Announces All Required Regulatory Approvals Received
Nexen Inc. ("Nexen", TSX, NYSE: NXY) announced today that Nexen has received approval from the Committee on Foreign Investment in the United States (CFIUS) with respect to the proposed acquisition of Nexen by CNOOC Limited, and now has all of the requisite approvals to proceed to close.
The transaction is expected to close the week of February 25, 2013 and remains subject to customary closing conditions.
The letter of transmittal for the acquisition of common shares will be mailed to registered shareholders shortly and is also available on Nexen's website. For more information common shareholders may visit www.nexeninc.cominvestorinfo.
Gran Tierra Energy Announces Oil Discovery in Peru
Initial Results Indicate 99 feet of Gross Oil Column in Bretaña Norte Exploration Well in Peru; Moqueta-8 Tests 1,600 BOPD in Colombia
Gran Tierra Energy Inc. ("Gran Tierra Energy") (NYSE MKT: GTE) (GTE), a company focused on oil exploration and production in South America, today provided updates for its exploration drilling in Peru and appraisal drilling in Colombia.
"Initial drilling results from the Bretaña Norte 95-2-1XD exploration well in Peru indicate oil-saturated reservoir with a gross oil column of 99 feet that was encountered approximately 48 feet higher than oil discovered at Bretaña-1 approximately four kilometers away. Three cores encompassing 90 percent of the oil-bearing reservoir section were successfully acquired. Oil samples have also been acquired and are being analyzed which, with a testing program that is currently being designed to test reservoir productivity, will assist in determining the commerciality of the discovery.
Cline Mining Announces Appointment of Directors
Cline Mining Corporation ("Cline" or the "Company") (TSX:CMK) is pleased to announce the appointments, effective immediately, of the Honourable Brian Tobin and Mark Haywood to its Board of Directors.
Mr. Tobin served as a Member of Parliament from 1980 to 1996, and served as Minister of Fisheries and Oceans in the Federal Cabinet from 1993 to 1996. Mr. Tobin served as the Federal Minister of Industry from 2000 to 2002. Previously, he served as the Premier of Newfoundland and Labrador from 1996 to 2000. Mr. Tobin was Executive Chairman and CEO of Consolidated Thompson Iron Mines Ltd. (CLM), an iron ore company, until May 2011, when Mr. Tobin and his team from CLM sold the organization for $4.9 billion to Cliffs Natural Resources Inc. Mr. Tobin is currently senior business advisor with Fraser Milner Casgrain LLP in Toronto, and serves on a number of public company boards, including Chairman of the Board of Directors at Marret Resource Corporation.
Invicta reports 78% increase in oil reserves in 2012
Invicta Energy Corp ("Invicta" or the "Company") (TSXV:VCA) is pleased to announce the results of its independent reserve evaluation prepared by Fekete Associates Inc. ("Fekete") in accordance with National Instrument 51-101 - Standards of Disclosure for Oil and Gas Activities ("NI 51-101") and dated effective December 31, 2012, evaluating the Company's crude oil, natural gas liquids and natural gas reserves (the "Report"). The Report is primarily based on 34 gross (20 net) producing light oil wells at Kindersley, Saskatchewan and 92 gross (50 net) proved undeveloped Kindersley locations. Invicta has drilled 7 gross (3.6 net) of the proved undeveloped locations so far in 2013.
Western Wind Increases Megawatts under Contract by 51% from 195MW to 295MW and Responds to Brookfield's Latest Offer
Western Wind Energy Corp. - (the "Company" or "Western Wind") (TSX Venture Exchange - "WND") (OTCQX - "WNDEF") provides an update and responds to an amendment to the unsolicited offer (as amended, the "Offer") by WWE Equity Holdings Inc, an indirect subsidiary of Brookfield Renewable Energy Partners L.P. (together, "Brookfield") to acquire all of the issued and outstanding common shares (the "Shares" or the "Western Wind Shares") of Western Wind.
Option on New 100 MW Power Purchase Agreement Western Wind is pleased to announce that the Company has entered into an option agreement (the "Option Agreement") with PBJL Energy Corporation ("PBJL") for the sole and exclusive right and option (the "Option") to purchase rights held by PBJL under a Master Renewable Power Purchase and Operating Agreement (the "Master PPA") between PBJL and Puerto Rico Electric Power Authority (the "Power Authority").
Petroamerica Announces Successful Las Maracas-7 Production Test Results
Petroamerica Oil Corp. (TSX-V:PTA) ("Petroamerica" or the "Company"), a junior oil and gas company operating in Colombia is pleased to announce the production test results from its Las Maracas-7 well (the "well") in the Las Maracas Field, Los Ocarros Block, Colombia. The well encountered potential net oil pay in the Mirador, main Gacheta and basal Gacheta reservoirs. The basal Gacheta sand and the main Gacheta sand were production tested yielding maximum rates of approximately 1,500 barrels of oil per day ("bopd") and 2,500 bopd, respectively. The well is now on production flowing naturally from the basal Gacheta sand.
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