CALGARY, March 13, 2014 /CNW/ - Athabasca Oil Corporation (TSX: ATH) ("Athabasca" or "the Company") is pleased to announce that Brion Energy Corporation ("Brion") has received approval by the Lieutenant Governor in Council for the Dover Commercial Project. The Dover Commercial Project received Order in Council approval from the Alberta cabinet on March 13, 2014. The project received conditional approval from the Alberta Energy Regulator on August 6, 2013. "The approval process has been long [Read more]
Bellatrix Exploration Ltd. Announces Year End 2013 Financial Results
CALGARY, March 13, 2014 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE MKT: BXE) announces its financial and operating results for the year ended December 31, 2013. 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 "MD&A") [Read more]
Progress Energy continues to build upon its leading Montney natural gas position with the completion of two acquisitions in northeast British Columbia
CALGARY, March 12, 2014 /CNW/ - Progress Energy Canada Ltd. (Progress Energy), a subsidiary of Petroliam Nasional Berhad (PETRONAS), has closed its previously announced agreement to acquire assets in northeast British Columbia from Talisman Energy Inc. (Talisman). In a second transaction, Progress Energy has also acquired Montney lands in the Julienne area of northeast British Columbia. "These two acquisitions continue to build upon our natural gas resource base in the North Montney. With the [Read more]
Advantage Announces Glacier 2013 Reserves Additions Replace 840% of Production, Achieves 135 mmcfe/d Phase VI Production Ahead of Schedule with Capital Spending Below Budget
CALGARY, March 11, 2014 /CNW/ - Advantage Oil & Gas Ltd. ("Advantage" or the "Corporation") is pleased to report strong year end 2013 reserve additions for its Montney resource property at Glacier, Alberta ("Glacier"). Proven plus probable ("2P") reserve additions were achieved at a finding and development cost of $1.33/mcfe ($7.99/boe) and a recycle ratio of 2.1. Total 2P reserves are up 20% to 1.7 trillion cubic feet ("Tcfe"). We are also pleased to report Glacier production reached our [Read more]
Vermilion Energy Inc. Announces Board of Directors Appointment
CALGARY, March 10, 2014 /CNW/ - Vermilion Energy Inc. ("Vermilion", "We" or "Our") (TSX: VET) (NYSE: VET) is pleased to announce that our Board of Directors has approved the appointment of Ms. Sarah Raiss to our Board of Directors and to Vermilion's Governance and Human Resources Committee. From 2000 to 2011, Ms. Raiss was Executive Vice President for TransCanada Corporation where she was responsible for a broad portfolio including organizational excellence, enhancing corporate culture, human [Read more]
Ironhorse Announces Nisku L2L Oil Production
CALGARY, March 7, 2014 /CNW/ - Ironhorse Oil & Gas Inc. ("Ironhorse" or the "Company") (TSX-V: IOG) is pleased to announce the results of its Pembina Nisku L2L pool development and initiation production startup. Ironhorse with partners Sinopec and Grizzly Resources Ltd. have initiated the first production in the Nisku L2L pool from the 100/09-05-050-06W5M/00 well which commenced March 5, 2014. Initial gross production rates of 300 -1000 bopd are anticipated as production is ramped up over [Read more]
Progress Energy Canada and Pacific NorthWest LNG welcome third partner to British Columbia LNG export project
Growing Asian investment fuels momentum for Canadian-led LNG export sector CALGARY, March 7, 2014 /CNW/ - Progress Energy Canada Ltd. (Progress Energy), Pacific NorthWest LNG Ltd. (PNW LNG) and Petroliam Nasional Berhad (PETRONAS) have signed transaction agreements whereby Indian Oil Corporation Ltd., through its affiliates, will acquire a 10 percent interest in Progress Energy's LNG-destined natural gas reserves in northeast British Columbia and in the proposed PNW LNG export facility on [Read more]
Penn West Announces its Financial Results for the Fourth Quarter and Year Ended December 31, 2013 and 2013 Reserve Results
CALGARY, March 7, 2014 /CNW/ - PENN WEST PETROLEUM LTD. (TSX - PWT) (NYSE - PWE) ("PENN WEST" or the "COMPANY") is pleased to announce its results for the fourth quarter and year ended December 31, 2013. All figures are in Canadian dollars unless otherwise stated. Three months ended December 31 Year ended December 31 2013 2012 % change 2013 2012 % change Financial (millions, except per share [Read more]
Athabasca Oil Corporation Reconfirms Its Near Term Capital Focus and Announces Associated Staff Reductions
CALGARY, March 6, 2014 /CNW/ - As previously communicated, Athabasca Oil Corporation (TSX: ATH) ("Athabasca" or "the Company") completed a detailed review of its near term exploration and development priorities late last year with a view to allocate capital between its many development opportunities. As a result, the Company announced an initial 2014 capital budget focused on its key near term priorities, including the completion of Hangingstone Project 1, preparation for a Hangingstone [Read more]
Marquee Energy Ltd. announces completion of the acquisition of strategic assets in its oil focused Michichi core area
CALGARY, March 6, 2014 /CNW/ - Marquee Energy Ltd. ("Marquee" or the "Company") (TSXV: MQL) (OTCQX: MQLXF) is pleased to announce the closing of the acquisition (the "Acquisition") by the Company of certain low decline, operated, producing assets contiguous with the Company's operations at Michichi from Paramount Resources Ltd. ("Paramount"). The purchase price of $11,650,000 (the "Purchase Price") was paid through the issuance of 13,705,883 common shares ("Shares") in the capital of Marquee at [Read more]
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