TSX Venture Exchange: PRY CALGARY , Feb. 28, 2013 /CNW/ - Pinecrest Energy Inc. ("Pinecrest" or the "Company") announces that as a result of a potential conflict created by his appointmnent as Interim Chief Executive Officer of another issuer, Mr. David Fitzpatrick has resigned as a member of the Board of Directors (the "Board") of Pinecrest. The Board and management of Pinecrest wish to thank Mr. Fitzpatrick for the valuable contributions he has made during his tenure with Pinecrest and [Read more]
SilverWillow Energy Corporation Issues Options
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES / TSX V Trading Symbol: SWE CALGARY , Feb. 27, 2013 /CNW/ - SilverWillow Energy Corporation ("SilverWillow") (SWE.V) today announces that, pursuant to the provisions of its stock option plan, it has granted an aggregate of 984,000 options to officers and employees. The options have an exercise price of $0.77 per share. The options granted vest as to one third on the first anniversary of the date of grant, [Read more]
Twin Butte Energy 2012 Year End Reserve and Operational Update
CALGARY , Feb. 27, 2013 /CNW/ - Twin Butte Energy Ltd. (TBE.TO) ("Twin Butte" or the "Company") is pleased to provide an operations update and information on its oil and gas reserves as of December 31, 2012 . Twin Butte anticipates releasing Q4 and year end 2012 audited financial and operating results after market close on March 21, 2013 . Operations Update On January 31, 2013 , Twin Butte provided an operational update that noted it had encountered reservoir performance issues at its [Read more]
Advantage Announces the Formation of a Special Committee
(TSX: AAV, NYSE: AAV) CALGARY, Feb. 26, 2013 /CNW/ - Advantage Oil & Gas Ltd. ("Advantage" or the "Corporation") announces that it has formed a special committee of independent directors (the "Special Committee") comprised of Mr. Steven Sharpe, as Chairman and Messrs. Stephen Balog and Ronald McIntosh, to oversee the strategic alternatives review process with the assistance of its advisors, FirstEnergy Capital Corp. and RBC Capital Markets. The Special Committee is working with its advisors to [Read more]
Imperial acquires 50-percent participating interest in Celtic Exploration following its acquisition by ExxonMobil Canada
Imperial has acquired a 50-percent participating interest in the Celtic Exploration acquisition by ExxonMobil Canada New operation will benefit from the combined expertise of ExxonMobil, XTO Energy and Imperial Oil in unconventional resource development CALGARY , Feb. 26, 2013 /CNW/ - Imperial Oil has acquired a 50-percent participating interest in Celtic Exploration Ltd. ("Celtic") following the close of its acquisition by ExxonMobil Canada today. This occurred by means of a sale of a [Read more]
Nexen Announces Completion of Acquisition by CNOOC Limited
CALGARY , Feb. 25, 2013 /CNW/ - Nexen Inc. ("Nexen" or the "Company", TSX, NYSE: NXY) announced today that CNOOC Limited has completed its acquisition of the Company. Pursuant to the plan of arrangement (the "Arrangement") holders of Nexen common shares will receive cash proceeds of US $27.50 , without interest, and holders of Nexen preferred shares will receive cash proceeds of CAD $26.00 , plus accrued and unpaid dividends up to, but excluding, the closing date of the Arrangement, without [Read more]
MEG Energy re-prices, increases and extends the maturity of its term loan
CALGARY, Feb. 25, 2013 /CNW/ - MEG Energy Corp. ("MEG") announces that in light of favourable market conditions, it has re-priced and extended the maturity of its existing US$987.5 million term loan. The interest rate of the covenant-light term loan has been reduced by 25 basis points and the maturity has been extended by two years to March 2020. In addition to re-pricing and extending the term loan, MEG has also taken the opportunity to increase the term loan by US$300 million on the same terms [Read more]
Cequence Energy to acquire Montney assets in Simonette and provides update on recent drilling activity
CALGARY, Feb. 25, 2013 /CNW/ - Cequence Energy Ltd. ("Cequence") (TSX:CQE.TO - News) is pleased to announce that it has entered into agreements with Donnybrook Energy Inc. ("Donnybrook") (TSX:DEI.V - News) pursuant to which Cequence has agreed to acquire Donnybrook's interests in its oil and gas properties located in the Simonette and Resthaven areas of Alberta (the "Donnybrook Assets"). As consideration for the assets, Cequence will transfer its interest in its non-operated oil and gas [Read more]
Enerplus Delivers 9% Production Growth and 190% Reserve Replacement in 2012
This news release includes forward-looking statements and information within the meaning of applicable securities laws. Readers are advised to review the "Cautionary Note Regarding Forward-Looking Information and Statements" at the conclusion of this news release. Readers are also referred to "Information Regarding Reserves, Resources and Operational Information", "Notice to U.S. Readers" and "Non-GAAP Measures" at the end of this news release for information regarding the presentation of the [Read more]
Imperial Oil Limited Appoints Chairman and Chief Executive Officer
CALGARY , Feb. 21, 2013 /CNW/ - The board of directors of Imperial Oil Limited is pleased to announce the appointment of R.M. (Rich) Kruger as chairman, president and chief executive officer effective March 1 . Mr. Kruger , currently president of ExxonMobil Production Company, succeeds B.H. (Bruce) March, who has been appointed senior vice president of global operations for ExxonMobil Chemical Company. "We would like to thank Mr. March for his leadership and vision over the past five [Read more]