CALGARY, ALBERTA--(Marketwired - Aug. 7, 2014) - Arsenal Energy Inc. ("Arsenal") (TSX:AEI)(PINKSHEETS:AEYIF) is pleased to release its 2014 Q2 financial and operational results. Cash flow for the second quarter was $11.6 million or $.72/share, a 14% increase from 2013 Q2. The Board of Directors has declared a 7.7% increase in the quarterly dividend to $.07 per common share. This increase is the second increase in the dividend so far in 2014 and is consistent with Arsenal's dividend policy of [Read more]
Archives for August 2014
Deep Panuke back pumping natural gas after fire temporarily closes offshore well
HALIFAX - The Deep Panuke natural gas wells off Nova Scotia have resumed production after an electrical fire shut down operations on Sunday evening.A spokesman for Encana (TSX:ECA) says the wells, located about 250 kilometres east of Halifax, started pumping natural gas early today.Jay Averill says in an email the wells are back to pre-shutdown levels of 210 million cubic feet of natural gas per day.An inquiry into the cause of the fire will be prepared by Encana and operator SBM Offshore and [Read more]
Kinder Morgan to Expand the Edmonton Crude Oil Rail Terminal Now under Construction
Future potential capacity could total up to 250,000 barrels of crude oil per day HOUSTON--(BUSINESS WIRE)--Kinder Morgan Energy Partners L.P. (NYSE: KMP) today announced that its 50-50 joint venture with Imperial Oil Limited (TSX: IMO) has entered into additional firm take or pay agreements with strong, credit worthy oil company majors sufficient to allow a planned expansion project to move forward by adding incremental capacity of 110,000 barrels per day (bpd) at the Edmonton Rail [Read more]
Bellatrix appoints Brent A. Eshleman as Chief Operating Officer
CALGARY, Aug. 7, 2014 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE MKT: BXE) is pleased to announce the appointment of Brent A. Eshleman as Executive Vice President and Chief Operating Officer effective September 1, 2014. Mr. Eshleman joined Bellatrix in July 2012 as its Executive Vice President. Prior to joining Bellatrix, Mr. Eshleman was Vice President, Engineering and Exploitation at a large intermediate oil and gas company and has over 28 years of oil and gas [Read more]
Ivanhoe Energy Board Announcement
CALGARY, Aug. 7, 2014 /CNW/ - Ivanhoe Energy Inc. (TSX: IE; NASDAQ: IVAN) today reported the resignation of Mr. Alexander Molyneux from the Company's Board of Directors, effective August 2, 2014, in order to devote time to manage his other commitments. Mr. Molyneux has served on the Company's Board of Directors since May 2010. The Board of Directors and the Management of the Company thank Alex for his dedication and contribution over the last four years and wish him success in his other [Read more]
Whitecap Resources Inc. announces 2014 second quarter results
CALGARY, Aug. 7, 2014 /CNW/ - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX: WCP) is pleased to announce that we have filed on SEDAR our unaudited interim consolidated financial statements and related Management's Discussion and Analysis ("MD&A") for the three and six months ended June 30, 2014. Selected financial and operational information is outlined below and should be read in conjunction with Whitecap's unaudited interim consolidated financial statements and related [Read more]
Lightstream Announces Funds Flow From Operations of $177 Million and Update to 2014 Guidance
CALGARY, ALBERTA--(Marketwired - Aug. 7, 2014) - Lightstream Resources Ltd. (the "Company" or "Lightstream") (TSX:LTS) is pleased to announce our second quarter financial and provide operating results and an update to the capital program of 2014. SECOND QUARTER FINANCIAL & OPERATING HIGHLIGHTS Second quarter production averaged 42,513 barrels of oil equivalent per day ("boepd") (80% light oil and liquids), a slight decrease from the first quarter of 2014 due to dispositions and [Read more]
Canadian Natural Resources Limited Announces 2014 Second Quarter Results
CALGARY, ALBERTA--(Marketwired - Aug. 7, 2014) - Canadian Natural Resources Limited (TSX:CNQ) (NYSE:CNQ) Commenting on second quarter results, Steve Laut, President of Canadian Natural stated, "Canadian Natural's first half of the year was solid. We have effectively executed on our strategy and have grown production both organically and with the successful integration of acquired assets. As a result, Canadian Natural delivered record quarterly total liquids production, which included record [Read more]
Paramount Resources Ltd. Announces Second Quarter 2014 Results and Imminent First Sales from the Musreau Deep Cut Facility
CALGARY, ALBERTA--(Marketwired - Aug. 6, 2014) - Paramount Resources Ltd. (TSX:POU) SECOND QUARTER OVERVIEW Oil and Gas Operations Second quarter sales volumes exceeded guidance, averaging 20,585 Boe/d. Shorter than expected facility downtime in the Kaybob COU enabled new condensate-rich Montney wells to be brought on in place of leaner wells. First sales gas from the Musreau Deep Cut Facility is imminent. The facility is pressurized with natural gas, all of the systems have been [Read more]
Leucrotta Exploration Inc. Announces Completion of Arrangement and Creation of A Montney-Focused Exploration and Production Company
CALGARY, ALBERTA--(Marketwired - Aug. 6, 2014) - Leucrotta Exploration Ltd. ("Leucrotta") is pleased to announce the successful completion of its previously announced plan of arrangement (the "Arrangement") involving Leucrotta, Long Run Exploration Ltd. ("Long Run") and Crocotta Energy Inc. ("Crocotta") under the provisions of the Business Corporations Act (Alberta). Pursuant to the Arrangement, Long Run has acquired all of the issued and outstanding common shares of Crocotta ("Crocotta [Read more]