CALGARY, ALBERTA--(Marketwired - Feb. 27, 2014) - BlackPearl Resources Inc. ("we", "our", "us", "BlackPearl" or the "Company") (TSX:PXX)(OMX:PXXS) is pleased to announce its financial and operating results for the three and twelve months ended December 31, 2013. Highlights and accomplishments in 2013 included: Q4 2013 oil and gas production was 10,454 boe/day, up 15% from the same quarter in 2012; oil and gas production for the year increased 4% in 2013 to 9,730 boe/day; Q4 2013 [Read more]
Archives for February 2014
RMP Energy Provides Operations Update
CALGARY, ALBERTA--(Marketwired - Feb. 27, 2014) - RMP Energy Inc. ("RMP" or the "Company") (TSX:RMP) is pleased to provide the following operations update: Drilling Operations Ante Creek, West Central Alberta Thus far this year, RMP has successfully drilled and completed two additional, 100% working interest Montney formation horizontal oil wells located at 8-25-66-24W5 and 9-25-66-24W5. Both wells underwent multi-stage hydraulic fracture stimulations. Completion results are as [Read more]
Border Announces Quarterly Financials
CALGARY, ALBERTA--(Marketwired - Feb. 27, 2014) - Border Petroleum Corp. (TSX VENTURE:BOR) ("Border" or the "Corporation") announces that its December 31, 2013 unaudited condensed consolidated interim financial statements and management's discussion & analysis ("MD&A") have been filed on SEDAR on February 27, 2014 and can be viewed at www.sedar.com. The Corporation also advises that: It has finalized the acquisition of a section of land, one shut in well capable of production and [Read more]
MGM Energy Corp. Announces Completion of Partner Search Process, Potential Proposal to Acquire its Shares and Updated Assessment of Canol Shale Oil Play
CALGARY, ALBERTA--(Marketwired - Feb. 27, 2014) - MGM Energy Corp. (TSX:MGX) ("MGM Energy" or the "Company") announces that it has completed its formal search for a partner for its Canol shale oil lands. To date, the Company has not been successful in obtaining a partner to assist in the funding of further assessment of the Canol shale oil play and, as a result, the Company will not be drilling any additional wells in the Canol shale oil play in the upcoming winter of 2014/15. As a result of [Read more]
Encana flags anti-fracking push in Colorado as a risk to business
CALGARY - Canadian energy giant Encana Corp. says its operations in Colorado could be hampered by a state ballot initiative that, if successful, would bring oil and gas drilling under local government control. Groups concerned about the impacts of industry activity want to amend the state's constitution to give municipalities the right to limit energy development. "Notwithstanding any other provision of law, local governments in Colorado may place restrictions on the time, place or method [Read more]
EU’s top court rules Spanish $18 billion fuel tax illegal, paves way for compensation claims
BRUSSELS - The European Union's top court has ruled that a fuel tax applied by Spanish regions to help finance health care is illegal, possibly opening the door to compensation claims totalling millions of euros (dollars).The Luxembourg-based Court of Justice said Thursday that the way the gas station tax was set up violated EU laws.The tax brought in some 13 billion euros ($18 billion) between 2002 and 2011. Affected consumers can now reclaim the tax in court.The case was brought by a transport [Read more]
Petrus Resources Ltd. Announces Asset Acquisition and Provides Operational Update
CALGARY, ALBERTA--(Marketwired - Feb. 27, 2014) - Petrus Resources Ltd. ("Petrus" or the "Company") is pleased to announce an asset acquisition in its core foothills area and provide a general operational update, including information on its 2014 capital budget and increased credit facilities. ASSET ACQUISITION Petrus has entered into a purchase and sale agreement to acquire oil and natural gas assets from a working interest partner in the central Alberta foothills (the "Acquisition"). [Read more]
Harper should shoulder part of blame for Keystone delays: Joe Clark
WASHINGTON - Joe Clark is telling a Washington audience that the Harper government deserves some of the blame if the Keystone XL pipeline is stalled. The former prime minister and foreign-affairs minister is in the U.S. for a panel discussion on his new book about foreign policy. The book is deeply critical of the Harper Tories for a "megaphone" approach to foreign policy — marked by loud grandstanding and little constructive engagement with the world. The Harper government made a big [Read more]
Manitok Energy Announces an Agreement to Sell 777 boe/d in the Central Alberta Foothills for $22.85 Million
CALGARY, ALBERTA--(Marketwired - Feb. 27, 2014) - Manitok Energy Inc. (the "Corporation" or "Manitok") (TSX VENTURE:MEI) is pleased to announce that it has entered into a definitive agreement to sell certain oil and gas assets in the Central Alberta Foothills (the "Asset Disposition") for gross proceeds to Manitok of $22.85 million, less closing adjustments of approximately $0.85 million. The Asset Disposition includes approximately 777 boe/d (34% sweet natural gas, 60% sour natural gas and [Read more]
Questerre Updates on Activities in Quebec
CALGARY, ALBERTA--(Marketwired - Feb. 27, 2014) - Questerre Energy Corporation ("Questerre" or the "Company") (TSX:QEC)(OSLO:QEC) reported today on recent developments in Quebec. The committee responsible for conducting the Strategic Environmental Assessment ("SEA") on shale gas development released its synthesis report last week. The findings from this report will lay the groundwork for the next stage of the assessment of the shale gas industry. This will be a series of public consultations [Read more]
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