VANCOUVER, April 14, 2014 /CNW/ - Following a year of feedback from B.C. First Nations communities, Eagle Spirit Energy Holdings Ltd. and the Aquilini Group announced today that they continue to develop an alternative solution to Enbridge's Northern Gateway pipeline proposal. Eagle Spirit Energy's respectful, patient approach has resulted in a B.C. First Nation, the Nee Tahi Buhn near Burns Lake, revoking their support of the Northern Gateway Project. They are now endorsing Eagle Spirit Energy's [Read more]
Perpetual Energy Inc. provides additional information on the prior period restatement of gas over bitumen royalty adjustments
CALGARY, April 14, 2014 /CNW/ - (TSX:PMT) - Perpetual Energy Inc. ("Perpetual" or the "Company") is herein providing additional information to further clarify the prior period restatement related to gas over bitumen ("GOB") royalty adjustments described in Perpetual's audited consolidated financial statements and management's discussion and analysis for the year ended December 31, 2013. The Company's consolidated financial statements for the year ended December 31, 2013 included a restatement [Read more]
Mountainview Energy Ltd. announces significant 2013 year end reserves growth
CUT BANK, MT, April 14, 2014 /CNW/ - Mountainview Energy Ltd. ("Mountainview" or "the Company") (TSXV: MVW) is pleased to announce significant 2013 year end reserve growth, highlighting success at the 12 Gage Three Forks play, for the year ended December 31, 2013. Selected reserve information is outlined below and should be read in conjunction with Mountainview's upcoming audited financial statements and related management discussion and analysis, which will be made available for review [Read more]
Palliser Oil & Gas Corporation announces strategic review and appointment of financial advisor
CALGARY, April 10, 2014 /CNW/ - Palliser Oil & Gas Corporation ("Palliser" or the "Company") (TSXV:PXL) announces that in light of operational challenges and financial constraints facing the Company, the board of directors of Palliser (the "Board") is conducting a strategic review of the Company's business plan to identify appropriate actions for the Company. The strategic review is examining and considering the alternatives available to the Company with a view to enhancing shareholder [Read more]
Oil and Gas Markets Still Responding to Dramatic Changes, says NEB Report
CALGARY, April 10, 2014 /CNW/ - Today the National Energy Board (NEB or the Board) released its Canadian Pipeline Transportation Report 2014 (Transportation Report). This energy market assessment provides information about the major pipelines regulated by the Board, and assesses the economic functioning of the pipeline transportation system. The Transportation Report highlights how Canada's pipeline system has been impacted by the dramatic shifts in oil and gas markets over the last eight [Read more]
Bellatrix Announces that Grafton has elected to increase their committed capital investment by an additonal $50 million, for a total commitment of $250 million
CALGARY, April 10, 2014 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE MKT: BXE) is pleased to announce that Grafton Energy Co. I Ltd. ("Grafton") has elected to exercise their option to increase their committed capital investment by an additional $50 million, for a total commitment of $250 million, on the same terms and conditions as the previously announced Joint Venture. Grafton's increased capital investment will continue to support the accelerated development [Read more]
Pinecrest Energy Inc. Announces its December 31, 2013 Year End Results and 2013 Year End Reserves
CALGARY, April 9, 2014 /CNW/ - Pinecrest Energy Inc. ("Pinecrest" or the "Company") announces it has filed on SEDAR its audited annual financial statements, related Management's Discussion and Analysis ("MD&A") and Annual Information Form for the year ended December 31, 2013. The statements will be available for review at www.sedar.com or www.pinecrestenergy.com. December 31 Three months ended Year ended 2013 2012 2013 2012 FINANCIAL Petroleum and [Read more]
Surge exceeds 2014 exit rate; announces large new crude oil discovery; upward revision to 2014 exit rate
CALGARY, April 8, 2014 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (SGY: TSX) announced today that, based upon better than anticipated first quarter 2014 development drilling results, a large new crude oil discovery in SW Saskatchewan, and excellent results from several of the Company's ongoing waterflood projects, Surge has already exceeded the Company's 2014 year end production exit rate. Accordingly, Surge is now revising upward the Company's 2014 year end production estimate from [Read more]
Whitecap Resources Inc. Closes $500 Million Bought Deal Financing
CALGARY, April 8, 2014 /CNW/ - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX: WCP) is pleased to announce that it has completed its previously announced bought deal financing (the "Offering"). Whitecap, through a syndicate of underwriters co-led by National Bank Financial Inc. and TD Securities Inc. and including GMP Securities L.P., Dundee Securities Ltd, RBC Capital Markets, Scotia Capital Inc., CIBC World Markets, FirstEnergy Capital Corp., Macquarie Capital Markets Canada Ltd., [Read more]
Seven Generations Energy Ltd. Acquires 118 Net Sections of Additional Montney Lands
CALGARY, April 7, 2014 /CNW/ - Seven Generations Energy Ltd. ("7G" or the "Company") is pleased to announce that since the beginning of 2014, it has, through several separate purchase and swap transactions, increased its Montney land holdings by a net 118 sections. The net cost to 7G for these transactions was approximately $29.5 million cash and other consideration. The acquisitions also include a road accessing 7G's core lands between the Kakwa and Smoky Rivers. 7G's net land holdings [Read more]
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