NEW YORK - The price of oil rose slightly Friday, finishing February with a gain of five per cent for the month. Benchmark West Texas Intermediate crude for April delivery rose 19 cents to close at US$102.59 a barrel on the New York Mercantile Exchange. For all of February, oil gained US$5.10 a barrel. U.S. refineries needed crude oil to make heating oil and diesel as frigid and stormy weather boosted demand. Natural gas ended a wild month by gaining 10 cents Friday to US$4.61 per 1,000 [Read more]
Archives for February 2014
Give Obama elbow room on environment, Saskatchewan premier tells Ottawa
OTTAWA - The Harper government needs to bring in long-delayed regulations on the oil and gas industry to burnish Canada's environmental credentials and help win pipeline approvals, says Saskatchewan Premier Brad Wall. Or maybe not. It depends on which response to the same question one takes from the same Wall scrum with reporters. Wall joins a chorus of voices, including some in Canada's oil patch, who have suggested regulatory foot-dragging by the Conservative government has not been [Read more]
Surge acquires 19.8 percent block of Longview Oil Corp. shares
CALGARY, Feb. 28, 2014 /CNW/ - Pursuant to early warning reporting requirements in Canada, Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) announces that it has acquired ownership and control of 9,300,000 common shares ("Common Shares") of Longview Oil Corp. ("Longview"), representing 19.8 percent of the outstanding Common Shares, at a purchase price of $4.45 per Common Share (the "Block"). The Common Shares were acquired pursuant to a bought deal secondary offering of Common Shares (the [Read more]
Donnycreek Provides Wapiti and Kakwa Field Operations Update
CALGARY, ALBERTA--(Marketwired - Feb. 28, 2014) - Donnycreek Energy Inc. ("Donnycreek" or the "Company") (TSX VENTURE:DCK) provides an operations update for its activities in the Wapiti and Kakwa areas. Wapiti Completion Operations Donnycreek is currently conducting completion operations on its horizontal middle Montney exploration well at 1-26-64-8 W6M (the "1-26 Well") and such operations are anticipated to be completed within the next 10 to 12 days. The Company's working interest in the [Read more]
Contact Announces Interim Filing, Credit Facilities Increase and Operations Update
CALGARY, ALBERTA--(Marketwired - Feb. 28, 2014) - Contact Exploration Inc. ("Contact" or the "Company") (TSX VENTURE:CEX) is pleased to announce that it has today filed its condensed interim consolidated financial statements for the three and nine month periods ended December 31, 2013 and the related management's discussion and analysis ("MD&A") on the Company's profile on the System for Electronic Document Analysis and Retrieval ("SEDAR") website at www.sedar.com. Credit Facility [Read more]
Advantage Oil & Gas Ltd. Announces Closing of $94.1 Million Secondary Offering of Longview Common Shares
CALGARY, Feb. 28, 2014 /CNW/ - Advantage Oil & Gas Ltd. (TSX: AAV) ("Advantage") and Longview Oil Corp. (TSX: LNV) ("Longview") announce that Advantage has closed the sale of 21,150,010 common shares of Longview ("Longview Shares") owned by Advantage to a syndicate of underwriters led by RBC Capital Markets and FirstEnergy Capital Corp. and including Scotia Capital Inc., National Bank Financial Inc., CIBC World Markets Inc. and TD Securities Inc., at a price of $4.45 per share for gross [Read more]
Questerre Grows Reserves by 40% in 2013
CALGARY, ALBERTA--(Marketwired - Feb. 28, 2014) - Questerre Energy Corporation ("Questerre" or the "Company") (TSX:QEC)(OSLO:QEC) reported today on its fourth quarter 2013 activities and preliminary financial and operating results for the year ended December 31, 2013. Michael Binnion, President and Chief Executive Officer, commented, "We used the fourth quarter to finalize our development plan for the Montney where we saw our reserve growth in 2013. With a strengthened operating team and our [Read more]
Terra Energy Closes First Tranche of Private Placement of Units and Flow-Through Shares
CALGARY, ALBERTA--(Marketwired - Feb. 27, 2014) - Terra Energy Corp. ("Terra" or the "Company") (TSX:TT) is pleased to announce that it has closed the first tranche of its the recently announced non-brokered private placement offering (the "Offering") pursuant to the issuance of: (i) 1,755,000 units of the Company ("Units") at a price of $0.40 per Unit; and (ii) 2,000,000 common shares of the Company to be issued on a "flow-through" basis ("Flow-Through Shares") at a price of $0.40 per [Read more]
Bonavista Energy Corporation Announcing 2013 Fourth Quarter Results
CALGARY, ALBERTA--(Marketwired - Feb. 27, 2014) - Bonavista Energy Corporation (TSX:BNP) is pleased to report to shareholders its results for the fourth quarter ended December 31, 2013. Bonavista's Audited Consolidated Financial Statements and Notes, as well as Management's Discussion and Analysis for the years ended December 31, 2013 and 2012 are available on SEDAR at www.sedar.com or can be obtained from Bonavista's website at www.bonavistaenergy.com. Highlights Three months [Read more]
Energy markets tame, crude oil and natural gas both down slightly
Energy markets were relatively tame Wednesday, with both oil and natural gas showing small declines. Benchmark west Texas Intermediate crude for April delivery slipped 19 cents to close at US$102.40 a barrel on the New York Mercantile Exchange. Natural gas futures fell three cents to US$4.51 per 1,000 cubic feet as weather forecasts indicate households won't have to raise the thermostats so much in the second half of March. Brent crude, which is used to set prices for international [Read more]
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