CALGARY, ALBERTA--(Marketwire - March 11, 2013) - NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S. Artek Exploration Ltd. ("Artek" or the "Corporation") (RTK.TO) is pleased to announce that, in connection with its previously announced offering of common shares ("Common Shares") and common shares on a flow-through basis ("Flow-Through Common Shares"), the Corporation and the syndicate of underwriters led by Cormark Securities Inc. and including Peters & [Read more]
Artek Exploration Ltd. Announces $35.1 Million Bought Deal Financing
CALGARY, ALBERTA--(Marketwire - March 11, 2013) - NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S. Artek Exploration Ltd. ("Artek" or the "Corporation") (RTK.TO) is pleased to announce that it has entered into an agreement with a syndicate of underwriters led by Cormark Securities Inc. and including Peters & Co. Ltd., National Bank Financial Inc., Stifel Nicolaus Canada Inc., Clarus Securities Inc., GMP Securities L.P., FirstEnergy Capital Corp. and [Read more]
Pengrowth Announces Completion of the Sale of Its Non-Core Weyburn Asset
CALGARY, ALBERTA--(Marketwire - Mar 11, 2013) - Pengrowth Energy Corporation (PGF.TO) (PGH) is pleased to announce that it has completed the previously-announced divestiture of its non-core Weyburn asset. Proceeds from the sale were approximately $316.0 million, net of interim closing adjustments. Proceeds will be used to repay all outstanding bank debt and will partially fund Pengrowth''s 2013 capital program. This leaves Pengrowth undrawn on its $1.0 billion credit facility and with [Read more]
Strategic Oil & Gas Ltd. Announces New Board Member
CALGARY, ALBERTA--(Marketwire - Mar 8, 2013) - Strategic Oil & Gas Ltd. ("Strategic" or the "Company") (TSX VENTURE:SOG) announces that Brian Lavergne has resigned from the board of directors and Jim Riddell, President and COO of Paramount Resources Ltd. and CEO of Trilogy Energy Corp., has been appointed to the Board of Directors. "Strategic thanks Brian for his contributions and wishes him success in his future endeavors. We are delighted to welcome Jim Riddell to the Company," said [Read more]
Long Run Exploration Ltd. Announces Appointment of Vice President, Finance and Accounting
CALGARY, ALBERTA--(Marketwire - Mar 8, 2013) - LONG RUN EXPLORATION LTD. ("Long Run" or the "Company") (LRE.TO) is pleased to announce the appointment of Corine Bushfield as Vice President, Finance and Accounting. Ms. Bushfield is a graduate of the University of Calgary and is a Chartered Accountant with extensive experience in the Canadian oil and gas industry, most recently as Vice President, Assistant Comptroller at a senior independent oil and gas exploration company. As previously [Read more]
Husky Energy Reserves Replacement Reflects Consistent Growth
CALGARY, ALBERTA--(Marketwire - Mar 8, 2013) - Highlights: Average proved two-year reserves replacement ratio of 175 percent, excluding economic revisions 1.2 billion barrels of oil equivalent (boe) total proved reserves before royalties Reserves life index of 10.8 years, up from 10.3 in 2011 Husky Energy (HSE.TO) continued to add more proved reserves compared to production in 2012, reflecting increased heavy oil recovery from its thermal projects and final regulatory approval of [Read more]
Alberta average prices per hectare remain low
[table] [attr style="width: 25%"]`[attr style="width: 25%"]Plains/HA`[attr style="width: 25%"]Northern/HA`[attr style="width: 25%"]Foothills/HA February 6, 2013` $270.26` $302.15`$427.00 March 6, 2013` $280.58` $333.02`$276.65 Change`+$10.32`+$30.87`-$150.35 [/table] Source: Alberta Energy [Read more]
Tuscany Announces Significant Production and Revenue Gains for 2012, Exited Year With No Debt
CALGARY, ALBERTA--(Marketwire - March 8, 2013) - Tuscany Energy Ltd. (TSX VENTURE:TUS) ("Tuscany" or the "Company") announces that it has filed its 2012 MD&A, Financial Statements and Annual Information Form on SEDAR. These are also available on the Company's website at www.tuscanyenergy.com. For the year ended December 31, 2012, Tuscany reported significant production and revenue gains over the prior year, and exited the year with no debt. The key focus for Tuscany during 2012 was [Read more]
Edge Resources Inc. Spuds Horizontal, Conventional Well Targeting New Zone
CALGARY, ALBERTA--(Marketwire - March 8, 2013) - Edge Resources Inc. (TSX VENTURE:EDE)(EDG.L) ("Edge" or the "Company") is pleased to announce that it has spudded the second well of the Company's spring drilling program in Primate, Saskatchewan. This second well is targeting a new oil horizon approximately 50 meters shallower than previously targeted zones in the area. This shallower zone has produced abundantly in both Alberta and Saskatchewan. Edge will be utilizing conventional, horizontal [Read more]
Paramount Resources Ltd. 2012 Results – Record Reserves Growth
CALGARY, ALBERTA--(Marketwire - March 7, 2013) - Paramount Resources Ltd. (POU.TO) - OVERVIEW Reserves and Principal Properties Total proved and probable reserves increased 239 percent to 179.9 MMBoe, with conventional reserves increasing 64 percent to 86.8 MMBoe (replacement ratio of six times) and probable oil sands bitumen reserves increasing 93.1 MMBoe. Conventional proved reserves increased 43 percent year-over-year to 50.9 MMBoe, after production of 7.3 MMBoe and dispositions [Read more]
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