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Talisman says Kurdistan oil discovery ‘giant,’ may seek joint-venture partner

  By Lauren Krugel, The Canadian Press CALGARY - Talisman Energy Inc. said Wednesday it has no intention of ditching its potentially "giant" oil discovery in the Iraqi region of Kurdistan as it pares other high-risk exploration projects from its portfolio. Some observers have pressed Talisman (TSX:TLM.TO - News) to shed Kurdistan, but CEO Hal Kvisle said the company will take its time to explore its options, one of which could be bringing on new partners to help develop the [Read more]

Peyto Adds 30,000 boe/d in 2012 Replacing 527% of Production

CALGARY, ALBERTA--(Marketwire - Feb 13, 2013) - Peyto Exploration & Development Corp. (PEY.TO) ("Peyto" or the "Company") is pleased to present the results and analysis of the independent reserve report effective December 31, 2012. The evaluation encompassed 100% of Peyto''s reserve assets and was conducted by InSite Petroleum Consultants ("InSite"). Peyto''s capital program for 2012 was the largest in the Company''s 14 year history with $452 million spent on developing Peyto''s assets [Read more]

BlackPearl Announces 2012 Year-End Reserves and Resource Estimates and Provides Operations Update

CALGARY, ALBERTA--(Marketwire - Feb 13, 2013) - BlackPearl Resources Inc. ("BlackPearl" or the "Company") (PXX.TO)(OMX:PXXS) is pleased to announce the results of its 2012 year-end oil and gas reserves evaluation, contingent resource evaluation and to provide an operations update on the Company''s current activities. Highlights include: 496% increase in total proved and probable reserves to 213 million barrels of oil equivalent; The increase is primarily attributable to the initial [Read more]

Birchcliff Energy Ltd. Announces Material Production Gains, Unaudited 2012 Financial Results, Significant 2012 Reserves Additions and 2012 Resource Assessment

CALGARY, ALBERTA--(Marketwire - Feb. 13, 2013) - Birchcliff Energy Ltd. ("Birchcliff") (BIR.TO) is pleased to announce its 2012 fourth quarter results, 2012 unaudited financial and operational results, highlights from its 2012 independent reserves evaluation and 2012 independent Montney/Doig natural gas resource assessment, its 2013 capital budget and operational update. All financial amounts referred to in this press release are management's best estimates, which have not yet been [Read more]

Aroway Energy Inc. Announces 2012 Year-End Production

CALGARY, ALBERTA--(Marketwire - Feb 13, 2013) - AROWAY ENERGY INC. (TSX VENTURE:ARW)(ARWJF) (www.arowayenergy.com) (the "Company") is pleased to announce the Company''s 2012 year-end production rate of 1,020 barrels of oil equivalent per day ("boe/d") with 90% oil weighting and an additional 100 boe/d of natural gas currently behind pipe. Chris Cooper, President & CEO commented, "Today''s production announcement is a remarkable achievement and a reflection of the hard work by both our [Read more]

Talisman Energy 2012 Results

Sinopec and Kinabalu Deals Complete $3 Billion Annual Cash Flow Positioned for Focused Delivery in 2013 CALGARY, ALBERTA--(Marketwire - Feb 13, 2013) - Talisman Energy Inc. ( TSX : TLM ) ( NYSE : TLM ) reported its operating and (unaudited) financial results for 2012. All values in this release are in US$ unless otherwise stated. 2012 Overview -- Hal Kvisle was appointed President and Chief Executive Officer on September 10, 2012, and has set four strategic priorities for the [Read more]

B.C.’s liquefied natural gas boom to fuel $100 billion Prosperity Fund: Christy Clark

  VICTORIA – Premier Christy Clark’s Liberal government says the development of liquefied natural gas in northern British Columbia represents a generational opportunity that has the potential to wipe out the provincial debt and eliminate the need to pay sales taxes. The government’s throne speech delivered Tuesday — less than three months before the start of an election campaign — said LNG export possibilities represent a possible $1 trillion boost to B.C.’s gross domestic product [Read more]

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]