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Suncor Energy reports 2012 fourth quarter results

CALGARY, ALBERTA Operating earnings of $1.000 billion ($0.65 per common share) and a net loss of $562 million ($0.37 per common share). Net loss includes an after-tax impairment charge of $1.487 billion for the Voyageur upgrader project. Cash flow from operations of $2.235 billion ($1.46 per common share). Average Oil Sands segment production of 378,700 barrels per day (bbls/d). Total average production of 556,500 barrels of oil equivalent per day (boe/d). Refining and Marketing caps [Read more]

Bonterra Energy Corp. Announces Record Production in Fourth Quarter and Full Year 2012 and Provides an Operational Update

Bonterra Energy Corp. (Bonterra) (www.bonterraenergy.com) (BNE.TO) is pleased to provide an operational update including 2012 highlights, the results of its independent reserve report prepared by Sproule Associates Limited with an effective date of December 31, 2012 and its 2013 budget and guidance. In 2012, Bonterra maintained its focus on providing investors with a sustainable pace of development, continued growth on a per share basis and stable monthly income through its dividend policy [Read more]

Advantage Announces Disposition of Non-core Assets, Glacier Montney Update, Appointment of Financial Advisors and Natural Gas Hedging for 2013

Advantage Oil & Gas Ltd. ("Advantage" or the "Corporation") (TSX/NYSE: AAV) is pleased to provide the following updates: Disposition of Non-Core Assets Since the commencement of our non-core asset disposition process, Advantage has closed four separate sales transactions and recently signed a definitive agreement with a fifth party which, on a combined basis, constitute the sale of substantially all of our non-core assets. Four transactions representing a total of approximately 420 [Read more]

Santonia Energy Provides Update

Santonia Energy Inc. ("Santonia" or the "Company") provides the following update. Production The Company achieved its published exit production target of 5,000 boe/d in November with the month of November's production averaging in excess of 5,000 boe/d. The increase in production from the October 1, 2012 level of 4,500 boe/d, post the closing of asset sales associated with the Strategic Review Process, is a result of additional volumes from the Company's Cardium resource development [Read more]

New Brunswick an ally in getting landlocked Alberta crude to tidewater: Redford

  CALGARY - Alberta Premier Alison Redford has found an ally in her New Brunswick counterpart when it comes to getting landlocked Alberta crude to new markets. She says a partnership between the two provinces is a "natural fit." New Brunswick Premier David Alward and his energy minister, Craig Leonard, are on the third day of an Alberta tour. Redford says the visit, which included tours of oilsands operations on Monday, reaffirmed what Alward already knew - that oilsands [Read more]

Crude oil prices rebound to near US$97 a barrel amid upbeat economic news

  NEW YORK, N.Y. - Improved economic news helped oil rebound from day-earlier losses to post a small gain near US$97 a barrel at midday Tuesday. Benchmark West Texas Intermediate crude for March delivery rose 67 cents to US$96.84 a barrel on the New York Mercantile Exchange after having dropped $1.60 to finish at US$96.17 a barrel on Monday. Data published Tuesday showing rising activity in the manufacturing and services sectors in the 17 European Union countries using the euro [Read more]

Renegade Petroleum Ltd. Announces Voluntary Surrender of Options

Renegade Petroleum Ltd. ("Renegade" or the "Company") (TSX VENTURE:RPL) is pleased to announce that holders of an aggregate of 9,152,800 stock options of the Company ("Options") have voluntarily surrendered such Options for nominal consideration. Following the surrender of such Options, the Company has 968,500 Options outstanding pursuant to the option plan of the Company. CORPORATE INFORMATION Renegade's common shares trade on the TSX Venture Exchange under the symbol RPL. Renegade [Read more]

Palliser Announces 2013 Capital Budget and Outlook

Palliser Oil & Gas Corporation ("Palliser" or the "Company") (TSXV: PXL) is pleased to announce its capital budget and outlook for 2013, and management appointments. Unaudited fourth quarter and year-end 2012 results proved a record year for the Company in many respects. Average production for 2012 is estimated at 2,125 boe/d, representing a 54% increase over the 2011 average. Similarly, fourth quarter 2012 average production is estimated at 2,480 boe/d, representing a 50% increase over [Read more]

Hawk Provides Operations Update and Corporate Presentation

Hawk Exploration Ltd. ("Hawk" or the "Corporation") is pleased to provide an operational update. Hawk's fourth quarter 2012 production averaged approximately 590 boe/d, a 36% increase from the fourth quarter of 2011 while current production is approximately 600 boe/d weighted 95% to crude oil. Most of the Corporation's oil production is considered heavy oil and, as such, is subject to the current wide differentials (the price difference between Western Canadian Select ("WCS") and West Texas [Read more]

Energy board grants export licence to Shell led LNG project in Kitimat

  CALGARY - The National Energy Board has granted an export licence to LNG Canada Development Inc., a liquefied natural gas terminal proposed by Shell Canada Ltd. and three Asian partners in Kitimat, B.C. Over a 25-year period, LNG Canada is allowed to export 670 million tonnes of natural gas, which will have been chilled into a liquid state, enabling it to be transported around the world via tanker. Annually, LNG Canada will be able to export 24 million tonnes of gas. The [Read more]