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Terra Energy Releases 2012 Year-End Financial Results and Reserves Evaluation

CALGARY, ALBERTA--(Marketwire - April 1, 2013) - Terra Energy Corp. ("Terra" or the "Company") (TT.TO) announces its 2012 audited consolidated financial statements, management's discussion and analysis and its reserves evaluation, as prepared by GLJ Petroleum Consultants Ltd. ("GLJ") at December 31, 2012 (the "GLJ Report"). The Company's focus for 2012 was centered on the disposition of mainly non-producing assets during a period of continued low natural gas prices. The Company's 2012 [Read more]

Shoreline Energy Corp. Announces Financial and Operating Results for the Quarter and Year-Ended December 31, 2012

CALGARY, ALBERTA--(Marketwire - Apr 1, 2013) - Shoreline Energy Corp. (SEQ.TO) ("Shoreline" or the "Corporation") is pleased to announce its 2012 year-end financial and operating results. A complete copy of the Company's financial statements along with management's discussion and analysis may be obtained at www.sedar.com or on the Company's website at www.shorelineenergy.ca. Fourth Quarter 2012 Financial and Operating Highlights Corporate Record annual revenue of $19.1 million, [Read more]

Waldron Energy Corporation Announces 2012 Year End Results, 2012 Year End Reserves, Operations Update and Provides Update on Property Disposition Process

CALGARY, ALBERTA--(Marketwire - Apr 1, 2013) - Waldron Energy Corporation ("Waldron" or the "Corporation") (WDN.TO) is pleased to announce its financial and operational results for the year and three months ended December 31, 2012. The Corporation's audited year-end financial statements and Annual Information Form ("AIF") including a statement on reserves data and other information specified in NI 51-101 are available for review at www.sedar.com and on the Corporation's website at [Read more]

Donnycreek Announces the Appointment of Vice President, Engineering

CALGARY, ALBERTA--(Marketwire - April 1, 2013) - Donnycreek Energy Inc. ("Donnycreek" or the "Company") (TSX VENTURE:DCK) reports that Mr. John (Jack) Marsh, P.Eng. has been appointed Vice President, Engineering effective April 1, 2013. Mr. Marsh has been in the oil and gas business for over 36 years primarily in a reservoir and production engineering capacity. More recently, Mr. Marsh was Vice President, Engineering of a Canadian public junior oil and gas company and President of a private [Read more]

THERE THEY GO AGAIN: Environmental groups say leak from ExxonMobil pipeline shows why Keystone should be rejected

  CALGARY — A crude oil leak from an ExxonMobil pipeline in Arkansas comes at a particularly bad time for the Canadian company looking to build the contentious Keystone XL pipeline through the American heartland. TransCanada Corp. (TSX:TRP) hopes it is in the home stretch of a years-long process to win U.S. government approval for its multibillion-dollar project, which has been assailed by environmental groups for its potential impact on everything from fresh water sources to climate [Read more]

Bonavista Energy Corporation Announces Increase to Exchangeable Share Ratio

CALGARY, ALBERTA--(Marketwire - Apr 1, 2013) - Bonavista Energy Corporation (BNP.TO) ("Bonavista") is pleased to announce the increase to the Exchange Ratio of its exchangeable shares from 1.15469 to 1.16014. This increase will be effective on April 15, 2013 (the "Effective Date"). The following are the details of the calculation of the Exchange Ratio: Record Date of Bonavista Dividend Opening Exchange Ratio Bonavista Dividend per common share Five day [Read more]

Price of oil falls on US manufacturing data, shutdown of Exxon pipeline

By The Associated Press NEW YORK, N.Y. - The price of oil fell Monday as Exxon shut a pipeline that carries oil out of the U.S. Midwest and a report showed a cooling of U.S. manufacturing activity. Benchmark West Texas Intermediate crude for May delivery was down $1.15 to US$96.08 a barrel in morning trading on the New York Mercantile Exchange. Exxon Mobil Corp. shut its Pegasus pipeline after a leak in Arkansas. The pipeline, with a capacity of 96,000 barrels a day, carries Canadian [Read more]

Exxon Mobil pipeline ruptures in Arkansas

Exxon Mobil Corp. says crews are working to contain and clean up an oil spill near Mayflower, Ark., after its Pegasus pipeline ruptured Friday afternoon. The pipeline carries Canadian heavy crude oil from Patoka, Ill., to refineries on the Texas Gulf coast. Exxon Mobil issued a release that said the company was responding to a spill of more than 10,000 barrels, and that some 4,500 barrels of oil and water had been recovered. The company said the 50-centimetre pipeline had been shut down [Read more]

Sonde Resources Corp. Provides Update on Farm-Out of Joint Oil Block

CALGARY, ALBERTA--(Marketwire - Apr 1, 2013) - Sonde Resources Corp. ("Sonde" or the "Company") (SOQ.TO) (NYSE MKT:SOQ) announced today that it has entered into an agreement with Viking Energy North Africa Limited ("Viking") to extend the deadline for meeting the conditions precedent under the Farm-Out Agreement that includes obtaining the consent of Joint Oil to the transfer of a 66.67% interest in the Joint Oil Block pursuant to the previously announced farm-out agreement to June 7, 2013. To [Read more]

Our Beloved Premier Ralph Klein 1942 – 2013

Today we lost the greatest Premier Canada has had or will ever have. Ralph Klein passed away today at the age of 70. I had the great honor of knowing Ralph as a friend. Ralph was the most remarkable man I ever met: humble, caring, bold and smart. He will be missed by all. We express our deepest condolences to his wife Colleen. We have the utmost gratitude for the time he gave us as a Mayor, a Premier and a friend. We may never realize how lucky we are. Here is the statement from his wife [Read more]