CALGARY, Feb. 28, 2014 /CNW/ - Advantage Oil & Gas Ltd. (TSX: AAV) ("Advantage") and Longview Oil Corp. (TSX: LNV) ("Longview") announce that Advantage has closed the sale of 21,150,010 common shares of Longview ("Longview Shares") owned by Advantage to a syndicate of underwriters led by RBC Capital Markets and FirstEnergy Capital Corp. and including Scotia Capital Inc., National Bank Financial Inc., CIBC World Markets Inc. and TD Securities Inc., at a price of $4.45 per share for gross [Read more]
Palliser Oil & Gas Corporation Reports 2013 Year End Reserves, Operations Update, and Corporate Update
CALGARY, Feb. 25, 2014 /CNW/ - Palliser Oil & Gas Corporation ("Palliser" or the "Company") (TSXV: PXL) would like to provide information on its oil and gas reserves as of December 31, 2013 and an operations and corporate update. Highlights of Palliser's Year End 2013 Reserves are as follows: Generated one and four year average total proved plus probable finding, development and acquisition ("FD&A") costs of $24.90 and $22.45 respectively per boe including changes in future [Read more]
SilverWillow Energy Corporation announces an update to the estimate of Contingent Resources on the Audet Lands
CALGARY, Feb. 25, 2014 /CNW/ - SilverWillow Energy Corporation ("SilverWillow" or the "Corporation") is pleased to announce an update to its estimate of Contingent Resources and Discovered Bitumen Initially-In-Place following an independent evaluation of the bitumen resources attributable to its oil sands property, the Audet Lands, located approximately 110 km northeast of Fort McMurray, Alberta. Sproule Unconventional Limited ("Sproule") prepared the independent evaluation of the bitumen [Read more]
Connacher Reports Year-End 2013 Reserves
CALGARY, Feb. 25, 2014 /CNW/ - Connacher Oil and Gas Limited (TSX: CLL) ("Connacher" or the "Company") announces its year-end reserves as of December 31, 2013, as evaluated by GLJ Petroleum Consultants Ltd. ("GLJ"), independent qualified reserves evaluators. Proved producing reserves increased by 13 per cent to 22.5 million barrels with the inclusion of the recently drilled infill wells and well pairs at Pod One. Production in 2013 totaled 4.3 million barrels. Estimated proved ("1P") bitumen [Read more]
Yangarra Announces Changes to the Board of Directors
CALGARY, Feb. 25, 2014 /CNW/ - Yangarra Resources Ltd. ("Yangarra" or the "Company") (TSXV:YGR) announces the appointment of Neil Mackenzie and Ted Morton as independent members of the Board of Directors. Neil MacKenzie is an independent businessman, with more than forty-five years of oil and gas experience. Mr. MacKenzie is a director of various public companies, including Canyon Technical Services, and currently a partner in Blackstone Fluids, an oil and gas drilling fluids company. Mr. [Read more]
NEB Releases Final Audit Report into TransCanada Pipelines Integrity Management Program
CALGARY, Feb. 24, 2014 /CNW/ - The National Energy Board (NEB or the Board) today released its final report detailing its audit of TransCanada PipeLines Limited's (TransCanada) Integrity Management Program. The Board finds that TransCanada has identified the majority, and most significant, of its hazards and risks, however there are areas where the company was found to be out of compliance. TransCanada will be required to submit a corrective action plan for Board approval within 30 days of this [Read more]
Longview Announces Passing of President and Chief Executive Officer
CALGARY, Feb. 24, 2014 /CNW/ - Longview Oil Corp. ("Longview") announces with much regret and profound sadness the sudden death while cross-country skiing in Canmore, Alberta this weekend of Kelly Drader, the President and Chief Executive Officer and a director of Longview. He will be missed. Mr. Steven Sharpe, Chairman of Longview, has been appointed as interim Chief Executive Officer of Longview until such time as a suitable successor is appointed. [Read more]
Marquee Energy Ltd. announces acquisition to further consolidate its oil focused Michichi core area, operations update, and upward revision to 2014 guidance
CALGARY, Feb. 24, 2014 /CNW/ - Marquee Energy Ltd. ("Marquee" or the "Company") (TSXV: MQL) is pleased to announce that it has entered into an agreement with Paramount Resources Ltd. ("Paramount") to acquire from Paramount (the "Acquisition") certain low decline, operated, producing assets (the "Assets") contiguous with the Company's operations at Michichi. The Assets are estimated by Marquee's management to have annualized 800 boe/d of production and include 120 net sections of land with 50 net [Read more]
Brion Energy Corporation and the community of Fort McKay reach agreement on Dover Commercial Project
CALGARY, Feb. 21, 2014 /CNW/ - Brion Energy Corporation (Brion) and the community of Fort McKay have reached an agreement on the development of the Dover Commercial Project, northwest of Fort McMurray, Alberta. As part of the agreement, the Fort McKay First Nation has agreed to remove all of its objections as they pertain to the Alberta Energy Regulator's (AER) approval of the Dover Commercial Project. "I'm pleased Brion and the community of Fort McKay have continuously worked to reach a [Read more]
Enerplus Exceeds Operating & Financial Targets for 2013
CALGARY, Feb. 21, 2014 /CNW/ - Enerplus Corporation ("Enerplus") (TSX: ERF) (NYSE: ERF) is pleased to announce fourth quarter 2013 results as well as 2013 year-end operating and financial results. 2013 KEY TAKEAWAYS: Funds flow per share grew by 14% Production grew by 9%, exceeding guidance in spite of non-core asset sales Proved plus probable reserves were up 17% year-over-year, replacing 284% of 2013 production Capital spending, operating costs and general and administrative costs [Read more]
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