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Tourmaline Oil Corp. Announces Closing of Bought Deal Financing Including Exercise in Full of Over-Allotment Option

CALGARY, ALBERTA--(Marketwire - March 12, 2013) - NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW. Tourmaline Oil Corp. (TOU.TO) ("Tourmaline" or the "Company") is pleased to announce that it has closed its public offering of 5,750,000 common shares at a price of $34.25 per share, which includes 750,000 common shares issued pursuant to the exercise in full [Read more]

PetroBakken Announces Fourth Quarter Results With Production of 47,192 Boepd and Funds Flow from Operations of $168 Million

CALGARY, ALBERTA--(Marketwire - March 12, 2013) - PetroBakken Energy Ltd. (the "Company" or "PetroBakken") (PBN.TO) is pleased to announce our fourth quarter and year-end 2012 financial and operating results. FINANCIAL & OPERATING HIGHLIGHTS In this press release, annual comparisons are 2012 compared to 2011 and quarterly comparisons are fourth quarter 2012 compared to fourth quarter 2011, unless otherwise noted. All references to well counts are on a net basis. December 2012 [Read more]

Southern Pacific Signs One-Year Gulf Coast Marketing Deal and Provides an Operational Update

CALGARY, ALBERTA--(Marketwire - Mar 11, 2013) - Southern Pacific Resource Corp. ("Southern Pacific" or the "Company")(STP.TO) is pleased to announce that it has executed a one-year oil marketing deal effective April 1, 2013, that will provide U.S. Gulf Coast pricing for its bitumen product that is being shipped under the Company''s rail transportation arrangements. This deal with a major U.S. Gulf Coast refiner will have pricing based off the Maya benchmark, a widely traded heavy crude with [Read more]

Angle Energy Provides First Quarter Operational Update Showing Increased Oil Weighting and Higher Netbacks

CALGARY, ALBERTA--(Marketwire - March 11, 2013) - Angle Energy Inc. ("Angle" or the "Company") (NGL.TO) today provided an update on its first quarter operations to March 11, 2013. Oil weighting has increased, netbacks are higher, and production and debt are in line with budget. HIGHLIGHTS Corporate production for the first quarter is estimated to be 11,200 to 11,300 boe/d (30% light oil and condensate, 24% NGLs, and 46% natural gas) - within Angle's budgeted production expectations while [Read more]

Artek Exploration Ltd. Announces Increase to Bought Deal Financing from $35.1 Million Bought to $39.0 Million

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]