CALGARY , March 18, 2013 /CNW/ - Whitecap Resources Inc. ("Whitecap" or the "Company") (WCP.TO) and Invicta Energy Corp. ("Invicta") (VCA.V) are pleased to announce that they have entered into an arrangement agreement (the "Arrangement Agreement") providing for the acquisition by Whitecap of all the issued and outstanding common shares of Invicta (the "Transaction"). Invicta is a light oil-weighted public energy company with its operations immediately offsetting Whitecap's lands and Viking [Read more]
Equal Energy Announces its Results for the Fourth Quarter and Year Ended December 31, 2012
CALGARY , Alberta, March 14, 2013 /CNW/ - Equal Energy Ltd. ("Equal","the Company", "we" or "our") (EQU) (EQU), an exploration and production oil and gas company is pleased to announce its financial and operating results for the three months and year ended December 31 , 2012. All dollar amounts are in Canadian dollars unless otherwise indicated and volumes are net of royalties. Don Klapko, President and Chief Executive Officer commented, "This past year was one of major transition for Equal [Read more]
Advantage Announces Glacier December 31, 2012 Reserves
1032% of Production Replaced by Glacier Reserves Additions at an all-in F&D cost of $4.41/boe ($0.73 mcf) (TSX: AAV, NYSE: AAV) CALGARY, March 13, 2013 /CNW/ - Advantage Oil & Gas Ltd. ("Advantage" or the "Corporation") is pleased to announce the December 31, 2012 reserves for our Montney resource property at Glacier, Alberta ("Glacier") (see page 5 "Independent Reserve Evaluator"). Glacier 2012 Reserve Highlights Advantage's 2012 Glacier capital program replaced 1032% of [Read more]
Insignia Energy Ltd. announces its 2012 year end financial and operating results
CALGARY , March 13, 2013 /CNW/ - Insignia Energy Ltd. ("Insignia" or the "Company") (ISN.TO) is pleased to announce its financial and operating results for the fourth quarter of 2012 and 2012 fiscal year. Copies of the Financial Statements and Management's Discussion and Analysis for the period ended December 31, 2012 will be filed with Canadian securities regulators on SEDAR on March 13, 2013 and accessible at www.sedar.com or by visiting Insignia's website at [Read more]
Perpetual Energy Inc. Closes Sale of Elmworth Property for Net Proceeds of $77.5 Million
CALGARY , March 12, 2013 /CNW/ - (PMT.TO) - Perpetual Energy Inc. ("Perpetual" or the "Corporation") is pleased to announce that it has closed the previously announced sale of its Elmworth property for net proceeds to Perpetual of $77.5 million , subject to certain closing adjustments and transaction costs. The Elmworth property consists of 3 gross (1.5 net) non-producing horizontal Montney gas wells at Elmworth, one vertical well at Wapiti, and undeveloped land, including 20,256 net acres of [Read more]
TORC Oil & Gas Ltd. Announces Fourth Quarter and Year-End Financial & Operating Results and 2012 Year-End Reserves
CALGARY, March 12, 2013 /CNW/ - TORC Oil & Gas Ltd. ("TORC" or the "Company") (TSX:TOG.TO) is pleased to announce its financial and operating results for the three month periods and years ending December 31, 2011 and 2012, and to provide its 2012 year-end reserves information as evaluated by Sproule Associates Limited ("Sproule"). TORC completed the acquisition of Vero Energy Inc. ("Vero") effective November 19, 2012 and all figures are pro forma Vero as of that date. The associated [Read more]
Surge Energy Inc. Announces Significant Exploration Drilling Success at Nipisi South, Valhalla and Silver Core Areas
CALGARY , March 12, 2013 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (SGY.TO) is pleased to announce significant new pool additions and pool extensions at three of its primary operating properties. Western Alberta: Nipisi South (Slave Point) - New Light Oil Pool Discovery Surge has successfully drilled, completed and brought on production a horizontal well (13-36-76-9W5; 73 percent working interest or "WI") at Nipisi South for a total cost of $3.2 million . The horizontal [Read more]
Perpetual Energy Inc. Releases Year End 2012 Financial and Operating Results and Announces West Edson Development Plan
CALGARY, March 11, 2013 /CNW/ - (TSX:PMT.TO) - Perpetual Energy Inc. ("Perpetual" or the "Corporation" or the "Company") is pleased to report fourth quarter and year end 2012 financial and operating results. Detailed results are presented in Perpetual's audited consolidated financial statements and related Management's Discussion and Analysis ("MD&A") which can be obtained through the Corporation's website at www.perpetualenergyinc.com and SEDAR at www.sedar.com. Perpetual is also pleased [Read more]
Connacher Announces Appointment of Chief Executive Officer
CALGARY , March 11, 2013 /CNW/ - Connacher Oil and Gas Limited (CLL - TSX; "Connacher" or the "Company") announced today that Mr. Christopher Bloomer will become Connacher's Chief Executive Officer, effective April 11, 2013 . In conjunction with this role, Mr. Bloomer will also be appointed a director of Connacher. Mr. Bloomer has over 30 years of experience in the domestic and international energy business. For the past 10 years he has been an executive with Petrobank Energy and Resources [Read more]
Bellatrix Exploration Ltd. announces updated well test results
CALGARY, March 11, 2013 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE MKT: BXE) is pleased to announce the well test results of its most recent long reach Fahler horizontal liquids rich natural gas well. At Ferrier, the Company drilled its first long reach Fahler horizontal liquids rich natural gas well (100% working interest) to a total depth of 5,205 meters with a horizontal length of 2,845 meters. The well was fracture stimulated in 36 stages and tested at [Read more]
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