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Shoreline Energy Corp. Announces Operational Update and Private Placement Financing

CALGARY, ALBERTA--(Marketwire - Feb. 12, 2013) - NOT FOR DISTRIBUTION IN THE UNITED STATES Shoreline Energy Corp. (SEQ.TO) ("Shoreline" or the "Company") is pleased to announce the following operational update and private placement financing. Operational Update Shoreline began a significant capital expenditure program following closing of a convertible debenture capital raise, which closed August 28, 2012. Shoreline has now cased the final well in its Peace River Arch 2012 drilling [Read more]

Obama makes no mention of Keystone at state of the union, focuses on ‘climate change’

By The Canadian Press/BOE Report Obama made no mention of TransCanada's Keystone XL pipeline at Tuesday night's State of the union. Instead, he focused on tackling 'climate change': "For the sake of our children and our future, we must do more to combat climate change,'' he said as legislators stood and applauded - as they traditionally do dozens of times during the State of the Union. "Yes, it's true that no single event makes a trend .... We can choose to believe that superstorm [Read more]

Tourmaline Grows Year-End Reserves and Reserve Value by Over 60%

CALGARY, ALBERTA--(Marketwire - Feb 12, 2013) - Tourmaline Oil Corp. (TOU.TO) ("Tourmaline" or the "Company") is pleased to provide the following operations and financial update and highlights from its year-end 2012 independent reserve evaluation. Reserve Highlights Total year-end 2012 Proved plus Probable (2P) reserves of 438.0 mmboe after only four full years of operation. Total 2P reserve additions of 186.6 mmboe in 2012, representing 69% growth over 2011 total 2P reserves before [Read more]

Painted Pony Petroleum Provides Operations Update on Montney Gas and Light Oil Projects

CALGARY, ALBERTA--(Marketwire - Feb 12, 2013) - Painted Pony Petroleum Ltd. ("Painted Pony" or the "Company") (TSX VENTURE:PPY) is pleased to provide the following operations update and drilling activity forecast for 2013. HIGHLIGHTS fourth quarter 2012 field-estimated sales averaged 7,290 boe/d (76% weighted to gas); a 40% increase over fourth quarter 2011; field-estimated sales for January 2013 averaged 8,100 boe/d (77% weighted to gas); a 27% increase over January 2012; successful [Read more]

Manitok Energy Provides 2013 Guidance

CALGARY, ALBERTA--(Marketwire - Feb. 12, 2013) - NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA. Manitok Energy Inc. (the "Corporation" or "Manitok") (TSX VENTURE:MEI) is pleased to provide the following information regarding its anticipated 2013 capital expenditure program and operations. Unless otherwise indicated, all references to "$" in this press release are to Canadian dollars. 2013 Guidance Manitok anticipates a 2013 [Read more]

Pace Oil & Gas Ltd. Sets the Record Straight and Encourages Shareholders to Vote for Plan of Arrangement

CALGARY, ALBERTA--(Marketwire - Feb. 11, 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 LAWS. Pace Oil & Gas Ltd. ("Pace", the "Company") (PCE.TO) wishes to refute inaccurate and misleading statements regarding the proposed merger with AvenEx Energy Corp. ("AvenEx") and Charger Energy Corp. ("Charger") to form Spyglass Resources Corp. ("Spyglass") [Read more]

Chinese could shift energy investments to forestry, mining: ambassador

  By Bob Weber EDMONTON - Canada's ambassador to China says money from the Asian country is likely to keep pouring into Canadian resource projects. But Guy Saint-Jacques also says he thinks those dollars will increasingly flow into mining and forestry as well as energy development. "I expect that the interest will increase on the mining side," he said in an interview with The Canadian Press after speaking to an audience at the University of Alberta on Monday. "What I expect [Read more]

Apache, Chevron Complete Chevron Canada’s Entry Into Kitimat LNG

Apache Corporation (NYSE, Nasdaq: APA) today announced that its subsidiary Apache Canada Ltd. has completed the previously disclosed transaction with Chevron Canada Limited to build and operate the Kitimat LNG project and develop world-class natural gas resources at the Liard and Horn River basins in British Columbia, Canada. Chevron Canada, a subsidiary of Chevron Corp (NYSE: CVX), and Apache Canada each have become a 50 percent owner of the Kitimat LNG plant, the Pacific Trail Pipelines and [Read more]

Ernst & Young report sees flurry of ‘for sale’ signs throughout oilpatch

  By Lauren Krugel CALGARY - Ernst & Young foresees a lot of "for sale" signs being posted on energy assets around the world — and Canada's oilpatch is no exception. The global advisory firm found 37 per cent of oil and gas respondents it surveyed globally are either in the process of selling assets or plan to do so over the next two years. Barry Munro, who heads up Ernst & Young's Canadian oil and gas group, said Canadian oilpatch companies face their own unique set of [Read more]

Politicians, industry professionals gather at economic summit in Calgary to hash out Alberta’s fiscal woes

  CALGARY - Politicians and industry professionals are debating the underlying reasons for Alberta's current fiscal troubles. Unsurprisingly, pipeline access came up as a major challenge, with oilsands crude unable to make it to markets that will pay a fair price - a problem Premier Alison Redford has called the "bitumen bubble." Economist Peter Tertzakian says Canada's only customer, the U.S., can meet its own energy needs but buys Canadian crude anyway because it's on [Read more]