CALGARY, March 6, 2014 /CNW/ - Cequence Energy Ltd. ("Cequence" or the "Company") (TSX: CQE) is pleased to announce its 2013 operating and financial results for the three months and the year ended December 31, 2013. The Company's Audited Consolidated Financial Statements and Management's Discussion and Analysis for the years ended December 31, 2013 and 2012 are available at cequence-energy.com and on SEDAR at www.sedar.com. Highlights Financial highlights for 2013 include: Increased [Read more]
FirstEnergy Capital Corp. announces the appointment of John Chambers as Chief Executive Officer
CALGARY, March 6, 2014 /CNW/ - FirstEnergy Capital Corp. of Calgary is pleased to announce the appointment of John Chambers to Chief Executive Officer. FirstEnergy's current Chairman and C.E.O., Jim W. Davidson, will assume the title of Executive Chairman of FirstEnergy Capital. The strong business fundamentals and principles that FirstEnergy was built upon will remain in place. Mr. Davidson will remain actively engaged in all aspects of the business and will focus his efforts on continued [Read more]
TORC Oil & Gas Ltd. Announces 2013 Fourth Quarter and Year-End Financial & Operating Results and Year-End Reserves; Announces Increase to Guidance
CALGARY, March 6, 2014 /CNW/ - TORC Oil & Gas Ltd. ("TORC" or the "Company") (TSX: TOG) is pleased to announce its financial and operating results for the three month periods and years ending December 31, 2013 and 2012, and to provide its 2013 year-end reserves information as evaluated by Sproule Associates Limited ("Sproule"). The associated Management's Discussion and Analysis ("MD&A") dated March 5, 2014 and audited financial statements as at and for the year ended December 31, 2013 [Read more]
Bellatrix Exploration announces material reserves increases (up 103%), posting $9.57/boe finding and development costs
CALGARY, March 6, 2014 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") announces the results of an independent reserve evaluation effective December 31, 2013. The report was completed by Sproule Associates Limited ("Sproule"). The evaluation encompasses 100% of Bellatrix's oil and gas properties and was prepared in accordance with National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities ("NI 51-101"). Bellatrix benefitted from the largest capital program [Read more]
Perpetual Energy Inc. releases fourth quarter and year-end 2013 financial and operating results
CALGARY, March 5, 2014 /CNW/ - (TSX:PMT) - Perpetual Energy Inc. ("Perpetual" or the "Corporation") is pleased to report its fourth quarter and year end 2013 financial and operating results. Overall results show significant gains from 2012, highlighting positive operational and financial momentum in our key diversifying strategies at Mannville for heavy oil and in the Greater Edson area for liquids-rich natural gas. A complete copy of Perpetual's audited consolidated financial statements and [Read more]
Legacy Oil + Gas Inc. announces over 20% increase in 2013 year-end reserves and net asset value per share, top quartile recycle ratios and provides operational update
CALGARY, March 5, 2014 /CNW/ - Legacy Oil + Gas Inc. ("Legacy" or the "Company") (TSX: LEG) is pleased to announce its 2013 year-end reserves and provide an operational update. The financial and operational information contained below is based on the Company's unaudited expected results for the year ended December 31, 2013. HIGHLIGHTS 2013 net asset value per share grew by 20 percent over 2012 to $11.71 per share 2013 total proved plus probable finding and development costs ("F&D") [Read more]
MEG Energy’s Board of Directors approves filing of 2013 year-end disclosure documents and new appointment to its Board of Directors
CALGARY, March 5, 2014 /CNW/ - MEG Energy Corp. announced today the filing of the corporation's 2013 year-end disclosure documents and a new appointment to its Board of Directors. MEG has filed with Canadian securities regulatory authorities its audited financial statements, Management's Discussion and Analysis and Annual Information Form for the year ended December 31, 2013. MEG also announced today the appointment of Jeffrey J. McCaig, effective March 1, 2014, to the board of directors [Read more]
Aux Sable Acquires Additional Long-term Liquids Rich Gas Supplies
CALGARY, March 5, 2014 /CNW/ - Aux Sable Canada LP is pleased to announce it has signed long-term Rich Gas Premium (RGP) agreements with Encana Corporation and Phoenix Duvernay Gas (a joint venture participant of Encana). These agreements provide for up to 195 million cubic feet per day (mmcfd) of rich gas supplies from the emerging Duvernay shale play for connection to a receipt zone in Alberta, starting in July 2014 and continuing through to 2020. "We are very pleased to have reached [Read more]
Canada’s Building Trades Unions eagerly await the approval of the Energy East Pipeline
OTTAWA, March 5, 2014 /CNW/ - Canada's Building Trades Unions (CBTU) welcomes the filing of the Energy East Project Description with the National Energy Board. This first formal step brings Canada one step closer to energy security and one step closer to no longer having to rely on foreign oil. Speaking on behalf of CBTU, Canadian Director Robert Blakely said in Edmonton today: "Our membership, half a million strong across the country is looking forward to this project; it is as much of a [Read more]
Kelt increases 2014 capital expenditure budget and announces $122 million equity financing
CALGARY, March 5, 2014 /CNW/ - ("KEL" - TSX) - Kelt Exploration Ltd. ("Kelt" or the "Company") has expanded its capital expenditure budget to $250 million for 2014, up from $130 million. The increased spending is expected to result in the drilling of 35 gross (27.5 net) wells during the year, with the largest increase in the Karr and the Pouce Coupe/Spirit River areas in west central Alberta. Summary of 2014 Forecasted Capital Expenditures (CA$ [Read more]
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