CALGARY, Aug. 6, 2014 /CNW/ - PanTerra Resource Corp. ("PanTerra" or the "Corporation") (TSX VENTURE: PRC) is pleased to announce that it has closed its previously announced acquisition of certain natural gas assets located in the Western Canadian foothills areas of Copton and Narraway, Alberta, effective June 1, 2014, for a purchase price of $2.4 million, subject to adjustments (the "Acquisition"). The Acquisition adds approximately 120 BOE per day (100% natural gas) of production to the [Read more]
Athabasca Oil Corporation Reports Second Quarter 2014 Financial and Operating Results
CALGARY, Aug. 6, 2014 /CNW/ - Athabasca Oil Corporation (TSX: ATH) ("Athabasca" or "the Company") is pleased to report its second quarter 2014 financial and operating results. Second quarter highlights: produced an average of 5,767 barrels of oil equivalent per day ("boe/d") with 52% liquids, in line with guidance of 5,500 to 6,000 boe/d; obtained extended production results from two additional Duvernay wells at Kaybob West; 8-29-64-20W5 had an established 30-day restricted rate of 784 [Read more]
Bellatrix Exploration Ltd. Announces Second Quarter 2014 Financial Results
CALGARY, Aug. 6, 2014 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE MKT: BXE) announces its financial and operating results for the three and six months ended June 30, 2014. Forward-Looking Statements This press release, including the report to shareholders, contains forward-looking statements. Please refer to our cautionary language on forward-looking statements and the other matters set forth at the beginning of the management's discussion and analysis (the [Read more]
United Refining Company And Enbridge Enter Into Pipeline Maintenance Agreement
NEW YORK, Aug. 5, 2014 /CNW/ -- United Refining Company ("URC") announced today that it has entered into an agreement (the "Agreement") concerning Line 10, a pipeline owned by Enbridge Pipelines Inc. and Enbridge Energy Limited Partnership, which transports crude oil from Canada to URC's Kiantone Pipeline in West Seneca, New York and serves its refinery in Warren, Pennsylvania. John A. Catsimatidis, Chairman and CEO of URC, stated: "We are very pleased that our companies have agreed to a [Read more]
Hawk Announces Western Saskatchewan Asset Acquisition and New Bank Loan Facility
CALGARY, Aug. 1, 2014 /CNW/ - Hawk Exploration Ltd. ("Hawk" or the "Corporation") announces that it has entered into a purchase and sale agreement with TriHawk Energy Ltd. ("TriHawk") and certain other parties pursuant to which the Corporation has agreed to acquire certain petroleum and natural gas assets ("Assets") in the plains region of Alberta and Saskatchewan in consideration of a grant to TriHawk of a gross over-riding royalty (the "GORR") over the acquired assets (the "Acquisition"). Hawk [Read more]
Panterra announces closing of previously announced acquisition of Strategic Oil & Gas assets and new credit facility
CALGARY, July 31, 2014 /CNW/ - PanTerra Resource Corp. ("PanTerra" or the "Corporation") (TSX VENTURE: PRC) is pleased to announce that it has closed its previously announced acquisition of certain natural gas assets located in the Western Canadian foothills areas of Lynx/Palliser/Minnow and Findley/Copton/Ojay in Alberta and British Columbia, effective April 1, 2014, for total consideration of $120.0 million, subject to adjustments (the "Acquisition"). The Acquisition adds approximately 5,900 [Read more]
Vermilion Energy Inc. Announces Results for the Three and Six Months Ended June 30, 2014
CALGARY, July 31, 2014 /CNW/ - Vermilion Energy Inc. ("Vermilion", "We", "Our", "Us" or the "Company") (TSX, NYSE: VET) is pleased to report operating and unaudited financial results for the three and six months ended June 30, 2014. HIGHLIGHTS Achieved average production of 52,089 boe/d during the second quarter of 2014, an increase of 12% as compared to 46,677 boe/d in the prior quarter and an increase of 22% compared to 42,813 boe/d in the second quarter of 2013. Increased production [Read more]
Imperial announces estimated second quarter financial and operating results
For the six months ended June 30, 2014 CALGARY, July 31, 2014 /CNW/ - Second quarter Six months (millions of dollars, unless noted) 2014 2013 % 2014 2013 % Net income (U.S. GAAP) 1,232 327 277 2,178 1,125 94 Net income per common share - assuming dilution [Read more]
Surge Energy Inc. announces record second quarter 2014 results; closing of Longview transaction; and continued drilling success at Shaunavon
CALGARY, July 31, 2014 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) announces record financial and operating results for the three and six month periods ended June 30, 2014. Surge's financial and operating results for the period ended June 30, 2014 include only 25 days of contribution from the $429 million strategic business combination with Longview Oil Corp. ("Longview"), which closed late in the second quarter of 2014. FINANCIAL AND OPERATING [Read more]
Maha Energy Inc. and Palliser Oil & Gas Corporation to amalgamate to form an oil and gas company focused on exploitation and development
CALGARY, July 30, 2014 /CNW/ - Maha Energy Inc. ("Maha") and Palliser Oil & Gas Corporation ("Palliser") (TSXV:PXL) are pleased to announce that they have entered into an amalgamation agreement (the "Amalgamation Agreement") pursuant to which Maha and Palliser will amalgamate (the "Amalgamation") to form a new corporation to be called "Maha Energy Inc." ("New Maha"). Palliser has also closed a minor asset disposition with Maha and entered into two farmout arrangements with [Read more]
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