CUT BANK, MT, Dec. 23, 2013 /CNW/ - Mountainview Energy Ltd. (TSXV: MVW.V) ("Mountainview" or the "Company") is pleased to announce that Mr. Brent Osmond has been appointed Vice President, Finance and Chief Financial Officer of the Company. Mr. Osmond is a Certified Management Accountant with experience in building startup and growth oriented energy companies. Mr. Osmond has previous oil and gas CFO experience through his positions with TerraMer Inc., a private oil and gas service company and [Read more]
Novus Energy Inc. announces expected closing date for arrangement with Yanchang Petroleum International Limited
CALGARY, Dec. 23, 2013 /CNW/ - Novus Energy Inc. ("Novus" or the "Company") (TSXV: NVS) announced today that the arrangement (the "Arrangement") contemplated under the arrangement agreement among Novus, Yanchang Petroleum International Limited ("Yanchang") and its wholly-owned subsidiary dated September 3, 2013, as amended (the "Arrangement Agreement"), was approved by the requisite majority of votes cast by shareholders of Yanchang at the meeting held on December 23, 2013. Yanchang has [Read more]
First Mountain Exploration Ltd. Provides Drilling Update
CALGARY, Dec. 23, 2013 /CNW/ - First Mountain Exploration Ltd. ("First Mountain" or the "Company") (TSX Venture: FMX) wishes to advise that the well FMEL 03HZ ATL-BUFF 14-20-21-5W4M (the "well") in which it has an 85% working interest has been drilled and slotted liner has been run to the total planned depth of 1,761 meters. Recorders have been installed and the Company expects to test the well during the first week of January 2014. A Note regarding Forward Looking Information Neither the TSX [Read more]
Penn West Announces the Closing of $486 million of Non-Core Asset Divestitures
CALGARY, Dec. 20, 2013 /CNW/ - PENN WEST PETROLEUM LTD. (TSX - PWT) (NYSE - PWE) ("Penn West", "our" or the "Company") is pleased to announce that it has successfully completed its previously announced asset divestitures. On November 6, 2013, Penn West announced its intention to divest approximately $485 million of non-core assets producing approximately 12,500 boe per day as "phase one" of its divestment strategy related to the Company's long-term plan. Today, the Company announces it has [Read more]
SilverWillow Energy Corporation announces submission of regulatory application for Audet in Situ Oil Sands Project
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/ TSXV Trading Symbol: SWE CALGARY, Dec. 19, 2013 /CNW/ - SilverWillow Energy Corporation ("SilverWillow" or the "Corporation") (TSXV: SWE) has submitted an integrated application with the Alberta Energy Regulator and Alberta Environment and Sustainable Resource Development for approval of the Corporation's proposed 12,000 barrel per day Steam Assisted Gravity Drainage ("SAGD") project on its Audet oil sands [Read more]
Northern Gateway important opportunity for Canada
ACEC-Canada applauds decision of Joint Review Panel OTTAWA, Dec. 19, 2013 /CNW/ - The Association of Consulting Engineering Companies - Canada (ACEC) today applauds the work of the Joint Review Panel (JRP) and its finding that the proposed Northern Gateway Pipeline fits squarely within Canada's national interest. After an exhaustive consultation and review process, the JRP's finding now paves the way for a federal approval of what will be an important and beneficial piece of infrastructure for [Read more]
Joint Review Panel recommends approving the Enbridge Northern Gateway Project
CALGARY, Dec. 19, 2013 /CNW/ - The Joint Review Panel (the Panel) for the proposed Enbridge Northern Gateway Project today recommended that the federal government approve the project, subject to 209 required conditions. Based on a scientific and precautionary approach to this complex review, the Panel found that the project, if built and operated in compliance with the conditions set out in its report, would be in the public interest. The Panel also recommended that the Governor in Council [Read more]
Palliser Oil & Gas Corporation Provides Operations Update
CALGARY, Dec. 18, 2013 /CNW/ - Palliser Oil & Gas Corporation ("Palliser" or the "Company") (TSX VENTURE: PXL) would like to provide an operations update. Fourth quarter 2013 average production is anticipated to be approximately 2,000 boe per day, down 14% from volumes reported in the prior quarter. For 2013, average production is now forecasted at approximately 2,330 boe per day, representing a 4% downward revision from the previous forecast. Palliser previously provided operational [Read more]
Legacy Oil + Gas Inc. announces 2014 budget and public guidance
CALGARY, Dec. 17, 2013 /CNW/ - Legacy Oil + Gas Inc. ("Legacy" or the "Company") is pleased to announce its capital and operating budget and associated public guidance for 2014. Continued success in the Company's Turner Valley, Midale and Spearfish plays have added significantly to production volumes and drilling inventory. These areas, along with expansion of the Company's waterflood pilots, will play key roles in 2014 organic activity and growth. Legacy expects to spend $350 million in 2014 [Read more]
Imperial Oil Files Regulatory Applications for Aspen Oil Sands Project
In-situ project will use steam-assisted gravity drainage technology Project design integrates energy-saving power cogeneration Project will support production growth plans CALGARY, Dec. 17, 2013 /CNW/ - Imperial Oil Limited today announced the filing of regulatory applications with the Alberta Energy Regulator and Alberta Environment and Sustainable Resource Development seeking approval of a new oil sands project on its Muskeg lease about 45 kilometres northeast of Fort McMurray. The proposed [Read more]
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