CALGARY, ALBERTA--(Marketwired - Aug. 27, 2014) - Questfire Energy Corp. (the "Corporation" or "Questfire") (TSX VENTURE:Q.A)(TSX VENTURE:Q.B) is pleased to announce that it has filed on SEDAR its unaudited financial statements and related management's discussion and analysis ("MD&A") for the three month and six month periods ended June 30, 2014. Financial and Operating Highlights Three months ended June 30, Six months ended June [Read more]
Archives for August 2014
Penn West Provides Update on Internal Review of Accounting Practices and Confirms that the Company’s Reserves Volumes and Values are not Impacted by the Accounting Practices Under Review
CALGARY, Aug. 26, 2014 /CNW/ - PENN WEST PETROLEUM LTD. (TSX – PWT; NYSE – PWE) ("PENN WEST", the "COMPANY", "we", "us" or "our") today provides an update on the Audit Committee's review originally announced on July 29, 2014 and confirms that its reserves volumes and values are not impacted by the accounting practices under review. INTERNAL REVIEW UPDATE Penn West reports that the Audit Committee's review is ongoing and that it continues to work diligently and devote all necessary resources to [Read more]
Palliser Oil & Gas Corporation Reports Q2 2014 Financial and Operating Results/Updates Maha Transaction
CALGARY, Aug. 26, 2014 /CNW/ - Palliser Oil & Gas Corporation ("Palliser" or the "Company") (TSX VENTURE:PXL) wishes to report financial and operating results for the three and six months ended June 30, 2014. Certain selected financial and operational information is set out below and should be read in conjunction with Palliser's financial statements complete with the notes to the financial statements and related MD&A which is expected to be available at www.sedar.com and the Company's [Read more]
Arcan Increases Second Quarter Production; Focuses on Cost Reductions and Debt Position
CALGARY, ALBERTA--(Marketwired - Aug. 26, 2014) Arcan Resources Ltd. (TSX VENTURE:ARN) (Arcan or the Corporation) increased oil and natural gas production during the second quarter from the first quarter of 2014 and continued to focus on overall cost reductions and opportunities to address its debt position. "We continued to make progress towards increasing production, streamlining our operations and reducing operational costs in the second quarter," said Terry McCoy, Arcan's CEO. "Our [Read more]
Bonterra Energy Corp. Announces Receipt of CRA Notice of Reassessment for 2009 Taxation Year
CALGARY, ALBERTA--(Marketwired - Aug. 26, 2014) - Bonterra Energy Corp. (www.bonterraenergy.com) (TSX:BNE) has been notified by the Canada Revenue Agency (CRA) that Bonterra's 2009 taxation year has been reassessed related to the 2008 conversion of Bonterra Energy Income Trust to a corporation and the elimination of certain tax pools. The reassessment issued for 2009 disallows non-capital losses from prior years, and results in Federal Part 1 tax owing of $10,907,471 and arrears interest of [Read more]
Anterra Energy Announces Second Quarter 2014 Financial and Operating Results
CALGARY, ALBERTA--(Marketwired - Aug. 26, 2014) - Anterra Energy Inc. ("Anterra" or the "Company") (TSX VENTURE:AE.A)(OTCQX:ATERF) is pleased to announce its financial and operating results for the three and six months ended June 30, 2014. Selected information presented below, should be read in conjunction with the Company's unaudited financial statements and related management discussion and analysis filed with the Canadian regulatory authorities and available on SEDAR at www.sedar.com and on [Read more]
Hemisphere Energy Announces Results of First Two Wells From Atlee Buffalo Summer Drilling Program
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 26, 2014) - Hemisphere Energy Corporation (TSX VENTURE:HME) is pleased to provide an update on operations from its five well summer drilling program in the Atlee Buffalo area of southeast Alberta. With two of the five wells from the drilling program having been on production for over 30 days Hemisphere's average corporate production rate during the first three weeks of August has increased to an average of 670 barrels of oil equivalent per day [Read more]
Quattro Announces Record 2nd Quarter Financial and Operating Results, Reporting Net Earnings of $0.11 per Share in the 1st Half of 2014
CALGARY, ALBERTA--(Marketwired - Aug. 26, 2014) - Quattro Exploration and Production Ltd. (TSX VENTURE:QXP) ("Quattro" or the "Company") is pleased to announce the filing of its operating and financial results for the 3 and 6 months ending June 30, 2014, reporting record earnings and operating Results; Highlights Revenues for the 6 months ending June 30th, 2014 were $8,832,600 Income from operations in the first half of 2014 was $4,588,200, a netback of $18.36 per BOE Earnings from [Read more]
QEC Announces Kakwa South Well Tests at Over 800 boe/d With 70 bbls/MMcf of Liquids
CALGARY, ALBERTA--(Marketwired - Aug. 26, 2014) - Questerre Energy Corporation ("Questerre" or the "Company") (TSX:QEC)(OSLO:QEC) is pleased to report on the test results from its 16-07-62-5-W6M well (the "16-07 Well") in the Kakwa-Resthaven area of west central Alberta. The 16-07 Well was completed with a ten-stage slick water fracture stimulation in the approximately 1000m horizontal leg. Over the last 24 hour period of the cleanup and flow back, the well averaged 3.5 MMcf/d of natural gas [Read more]
NuVista Energy Ltd. Announces Purchase of Additional Wapiti Montney Acreage and Flow Through Share Financings
CALGARY, ALBERTA--(Marketwired - Aug. 25, 2014) - NuVista Energy Ltd. ("NuVista") (TSX:NVA) is pleased to announce the signing of a definitive purchase and sale agreement with a third party to purchase 12.5 gross sections (12.0 net) of highly prospective Wapiti Montney contiguous undeveloped land for $35 million before closing adjustments (the "Acquisition"). This block expands NuVista's land position to over 220 gross sections (over 190 net) in the Wapiti Montney area and leverages unique [Read more]
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