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Lone Pine Resources Announces Management Changes

CALGARY, ALBERTA--(Marketwire - Feb 27, 2013) - Lone Pine Resources Inc. ("Lone Pine" or the "Company") (LPR) (LPR.TO) announces that the Company''s Board of Directors has appointed David M. Fitzpatrick, an experienced industry leader and member of the Lone Pine Board of Directors, to serve as Interim Chief Executive Officer, effective immediately. Lone Pine also announces that the Board of Directors has terminated the employment of David M. Anderson as President & Chief Executive Officer [Read more]

Canadian firms cool plans for investment in 2013

  By Julian Beltrame OTTAWA – Canada’s corporations appear to be taking a wait-and-see approach to capital investments this year, a position that could dampen already modest expectations for economic growth in 2013. The annual survey of private and public investment intentions by Statistics Canada indicates such spending will rise a mere 1.7 per cent to $398.2 billion this year — the slowest non-recession pace since 1995 and well down from 7.2 per cent last year. Private sector [Read more]

Crude Stocks Build Below Expectations

U.S. commercial crude oil inventories increased by 1.1 million barrels from the previous week, below the expected build of 2.2 - 2.4 million barrels due to higher refinery utilization. Total crude oil stocks of 377.5 million barrels are well above the upper limit of the average range for this time of year. Total motor gasoline inventories decreased by 1.9 million barrels last week but remained in the upper limit of the average range. [table] [attr style="width: 25%"]February 22`[attr [Read more]

Yoho Resources Inc. Announces Fiscal Q1 2013 Financial and Operating Results

CALGARY, ALBERTA--(Marketwire - Feb 27, 2013) - Yoho Resources Inc. ("Yoho" or the "Company") (TSX VENTURE:YO) has filed today on SEDAR the financial statements for the three months ended December 31, 2012 and the related managements'' discussion and analysis. Copies of these documents may be found on www.sedar.com. Highlights Yoho''s production during fiscal Q1 2013 averaged 2,075 boe per day. With recent drilling success at Kaybob, Yoho has an incremental 1,500 boe per day of [Read more]

Edge Resources Inc. Initiates Drilling Program to Further Develop New Pool Discoveries

CALGARY, ALBERTA--(Marketwire - Feb 27, 2013) - Edge Resources Inc. (TSX VENTURE:EDE)(EDG.L) ("Edge" or the "Company") is pleased to announce that it has moved a drilling rig and spudded the first of several planned drilling locations in Primate, Saskatchewan. Resulting from a recently-shot 3D seismic program (announced December 3, 2012), the Company has discovered what it believes to be three new oil pools in an area the Company calls Asset East. The rig has been brought in to start the [Read more]

Painted Pony Reports 2012 Year-End Reserves of 1.15 Tcfe and Montney Contingent Resources of 3.15 Tcfe

CALGARY, ALBERTA--(Marketwire - Feb 27, 2013) - Painted Pony Petroleum Ltd. ("Painted Pony" or the "Company") (TSX VENTURE:PPY) is pleased to announce the Company''s December 31, 2012 reserves report, contingent resources estimate and undeveloped land report. The highlights of these reports include: increased proved plus probable ("P+P") reserves to 1.15 Tcfe, equating to 191 mmboe, up 40% from 137 mmboe at December 31, 2011, and an associated NPV, discounted at 10%, of $1.07 [Read more]

Chinook Energy Inc. Announces Its December 31, 2012 Reserves and Operations Update

CALGARY, ALBERTA--(Marketwire - Feb. 26, 2013) - Chinook Energy Inc. ("Chinook" or the "Company") (CKE.TO) today announced the results of its year-end reserve evaluations effective December 31, 2012 as prepared by its independent evaluators. The Company has also provided certain unaudited year-end financial information and an operations update. Chinook's audit of its 2012 annual consolidated financial statements is not yet complete and accordingly all financial amounts referred to in this news [Read more]

BlackPearl Announces Fourth Quarter and Full Year 2012 Financial and Operating Results

CALGARY, ALBERTA--(Marketwire - Feb. 26, 2013) - BlackPearl Resources Inc. ("BlackPearl" or the "Company") (PXX.TO)(OMX:PXXS) is pleased to announce its financial and operating results for the three and twelve months ended December 31, 2012. Highlights and accomplishments in 2012 included: Oil and gas production increased 23% in 2012 to 9,366 boe/day; Q4 2012 production was 9,067 boe/day, up 4% from the prior year; Oil and gas revenues increased 14% in 2012 to $205 million and cash [Read more]

BRAD WALL’S TURN: Saskatchewan’s Premier heads to Washington pushing for Keystone

  REGINA - Saskatchewan Premier Brad Wall will be pushing for a pipeline and promoting Canadian energy in Washington next week. Wall will be in the American capital urging U.S. leaders to approve the Keystone XL pipeline, which would take heavy oil from Alberta to refineries on the Gulf Coast. U.S. Secretary of State John Kerry is expected to make the final decision on the $7-billion pipeline this spring. Wall also says he's concerned that Keystone approval is being linked to [Read more]

Repsol to hang on to Canaport LNG, signs 10 year supply deal with Shell

  By Lauren Krugel CALGARY - Repsol is hanging on to its interest in the Canaport LNG facility, which was left out of a $6.7-billion asset sale to Royal Dutch Shell announced Tuesday, because low natural gas prices prevented it from fetching a fair price. Shell is paying $4.4 billion for Repsol's liquefied natural gas assets in Trinidad and Tobago and Peru, as well as a gas-fired power plant in Spain. It will assume another $2.3 billion in financial leases and debt. However, [Read more]