CALGARY, Alberta, March 27, 2014 /CNW/ - Canadian International Oil Corp. ("CIOC") announced today an equity commitment of C$200 million from energy private equity firm Riverstone Holdings LLC ("Riverstone"). The Riverstone commitment comprises C$133 million from Riverstone Global Energy and Power Fund V ("Fund V") and C$67 million from Riverstone Energy Limited ("REL"). This investment will be used to fund CIOC's development program in the Western Canadian Deep Basin. Since its founding in [Read more]
Sunshine Oilsands Ltd. Announcement of results for the fourth quarter and the year ended December 31, 2013
HONG KONG, March 26, 2014 /CNW/ - Sunshine Oilsands Ltd. (the "Corporation" or "Sunshine") (HKEX: 2012; TSX: SUO) today announced its financial results for the fourth quarter and year ended December 31, 2013. The Corporation's consolidated financial statements, notes to the consolidated financial statements, Management's Discussion and Analysis and Annual Information Form have been filed on SEDAR (www.sedar.com) and with the SEHK (www.hkexnews.hk) and are available on the Corporation's website [Read more]
Legacy Oil + Gas Inc. Announces Record Cash Flow From Operations, Year-End Results and Files Annual Information Form
CALGARY, March 25, 2014 /CNW/ - Legacy Oil + Gas Inc. ("Legacy" or the "Company") (TSX:LEG) is pleased to announce it has filed on SEDAR its audited financial statements and related Management's Discussion and Analysis ("MD&A") for the year ended December 31, 2013 as well as its annual information form ("AIF") for the year ended December 31, 2013. Selected financial and operational information is outlined below and should be read in conjunction with Legacy's audited financial statements, [Read more]
Yangarra Announces Year End 2013 Financial, Operating Results and Reserves
CALGARY, March 25, 2014 /CNW/ - Yangarra Resources Ltd. ("Yangarra" or the "Company") (TSX-V:YGR) releases its 2013 financials and reserves. 2013 Financial and Operating Highlights During the year ended December 31, 2013 the Company completed the following significant milestones: Average daily production was 2,206 boe/d, a 15% increase from 2012. Funds flow from operations were $26 million ($0.21 per share - basic), a 76% increase from 2012. Earnings before interest, taxes, depletion [Read more]
Hawk announces year end reserves and provides operations update
CALGARY, March 25, 2014 /CNW/ - Hawk Exploration Ltd. ("Hawk" or the "Corporation") is pleased to provide an operations update and a summary of its December 31, 2013 reserve information as evaluated by GLJ Petroleum Consultants Ltd. ("GLJ"). HIGHLIGHTS Increased total proved plus probable oil reserves by 5% from 1,725 thousand barrels of oil equivalent ("MBoe") to 1,814 MBoe while total proved reserves increased slightly from 1,137 MBoe in 2012 to 1,145 MBoe in 2013; Added total proved [Read more]
Enerplus Announces Cash Dividend for April 2014 and Elimination of Discount on Stock Dividend Program
CALGARY, March 25, 2014 /CNW/ - Enerplus Corporation ("Enerplus") (TSX: ERF) (NYSE: ERF) announces that a cash dividend in the amount of CDN$0.09 per share will be payable on April 21, 2014 to all shareholders of record at the close of business on April 4, 2014. The ex-dividend date for this payment is April 2, 2014. The CDN$0.09 per share dividend is equivalent to approximately US$0.08 per share if converted using the current Canadian/US dollar exchange rate of 0.8915. The U.S. dollar [Read more]
High North Resources Ltd. announces reduction in gross Overriding Royalty
CALGARY, March 24, 2014 /CNW/ - High North Resources Ltd. (TSXV: HN) (the "Company" or "High North") is pleased to announce that it has entered into an amending agreement on March 21, 2014 (the "Agreement") with Gamma Ventures Inc., Tiger Moth Energy Inc., Triple Pacer Resources Ltd. and McCowan Exploration Management Ltd. (the "Farmors"). The Agreement reduces the rate of the overriding royalty (the "Overriding Royalty") payable under three farmout agreements between the Company and the Farmors [Read more]
LGX Oil + Gas Inc. announces year-end results, 2014 Guidance/Alberta Bakken drilling plans and files annual information form
CALGARY, March 24, 2014 /CNW/ - LGX Oil + Gas Inc. ("LGX" or the "Company") (TSXV:OIL) is pleased to announce it has filed on SEDAR its audited financial statements and related Management's Discussion and Analysis ("MD&A") for the year ended December 31, 2013 as well as its annual information form ("AIF") for the year ended December 31, 2013. Selected financial and operational information is outlined below and should be read in conjunction with LGX's audited financial statements, the [Read more]
National Energy Board releases new Safety and Environmental Performance Dashboard
CALGARY, March 24, 2014 /CNW/ - The National Energy Board (NEB or the Board) today released a new online Safety and Environmental Performance Dashboard. The Dashboard presents key safety and environmental protection data collected by the NEB as a part of its work to hold companies accountable for positive outcomes in these areas. "People are interested in information about how regulated pipeline companies perform on safety and environmental protection," said NEB Chair and CEO Gaétan Caron. [Read more]
Penn West Announces Appointment of New Senior Vice President and Chief Financial Officer
CALGARY, March 24, 2014 /CNW/ - PENN WEST PETROLEUM LTD. (TSX - PWT; NYSE - PWE) ("Penn West" or the "Company") is pleased to announce that Mr. David Dyck has been appointed Senior Vice President and Chief Financial Officer ("CFO") of Penn West effective May 1, 2014. Mr. Dyck replaces Todd Takeyasu who today is stepping down from the role. "On behalf of our Board of Directors and staff, I would like to thank Todd Takeyasu for his tireless efforts over his many years with Penn West and wish him [Read more]
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