QUÉBEC CITY, March 26, 2015 /CNW Telbec/ - Gaz Métro is delighted with the measures announced earlier today by Québec's Minister of Finance, Mr. Carlos Leitao. Among other things, he announced $38 million to make natural gas available in certain regions, including the Bellechasse region. The measure will enable the Government of Québec to finance up to 50% of the project to extend the natural gas distribution system, in addition to the amounts paid by the distributor in accordance with the [Read more]
Legacy Oil + Gas Inc. Announces Record Annual Cash Flow from Operations, Year-End Results and Revised Capital Budget and Guidance
CALGARY, March 25, 2015 /CNW/ - Legacy Oil + Gas Inc. ("Legacy" or the "Company") (TSX:LEG) is pleased to announce it has filed on SEDAR its audited financial statements and related Management's Discussion and Analysis ("MD&A") for the year ended December 31, 2014 as well as its annual information form ("AIF") for the year ended December 31, 2014. Selected financial and operational information is outlined below and should be read in conjunction with Legacy's audited financial statements, [Read more]
Advantage Delivers Strong 2014 Results
Funds from Operations Up 92%, Production Up 25%, Total Cash Costs Down 36% (TSX: AAV, NYSE: AAV) CALGARY, March 25, 2015 /CNW/ - Advantage's audited fourth quarter and full year 2014 financial and operating results demonstrates the successful ongoing execution of our Glacier Montney development plan. Our operational outperformance at Glacier reflects our high quality Montney asset and our focus on preserving a strong balance sheet has maintained financial flexibility with an industry leading low [Read more]
Vintri Technologies announces finalized agreement with TransCanada Corporation
CALGARY, March 25, 2015 /CNW/ - Vintri Technologies Inc. ("Vintri") is pleased to announce today that an agreement has been finalized with TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) to deploy new software based systems that will enhance the execution of pipeline projects. The agreement will support the initial implementation of Vintri's pipeline material traceability solution, that will use proprietary, cloud based software platforms, together with bar-coding of materials, to [Read more]
Marquee Energy Ltd. Announces Closing of Michichi Acquisition
CALGARY, March 25, 2015 /CNW/ - Marquee Energy Ltd. ("Marquee" or the "Company") (TSXV: "MQL") has closed the previously announced strategic acquisition (the "Acquisition") to further consolidate its core Michichi area. The Acquisition includes approximately 330 boe/d and 34 net sections of land containing Banff/Mannville rights that are contiguous with Marquee's existing land position and infrastructure at Michichi. "The Acquisition at Michichi solidifies our control of land and [Read more]
Canada's Oil Industry to Lose Money and Jobs in 2015
OTTAWA, March 25, 2015 /CNW/ - The collapse of oil prices in the second half of 2014 will take a bite out of the Canadian oil industry's finances. Revenues are expected to fall by 37 per cent and the industry will post a pre-tax loss of more than $3 billion and shed close to 8,000 jobs this year, according to The Conference Board of Canada's latest Canadian Industrial Outlook: Canada's Oil Extraction Industry. "With WTI prices now hovering below US$50 and most projections climbing slowly to [Read more]
LGX Oil + Gas Inc. Announces Year-end Results, 2015 Guidance and Filing of Annual Information Form
CALGARY, March 24, 2015 /CNW/ - LGX Oil + Gas Inc. ("LGX" or the "Company") (TSXV:OIL) is pleased to announce it has filed on SEDAR its audited financial statements and related Management's Discussion and Analysis ("MD&A") for the year ended December 31, 2014 as well as its annual information form ("AIF") for the year ended December 31, 2014. Selected financial and operational information is outlined below and should be read in conjunction with LGX's audited financial statements, the [Read more]
Seven Generations Energy Ltd. Announces Change of Auditor
CALGARY, March 24, 2015 /CNW/ - Seven Generations Energy Ltd. ("7G" or the "Company")(TSX: VII) announces the resignation of Deloitte LLP, Chartered Accountants ("Deloitte") as auditor of the Company and the appointment of PricewaterhouseCoopers LLP ("PwC") as the Company's new auditor, effective March 11, 2015. On August 5, 2014, Deloitte acquired Visser Consulting Ltd. ("Visser"), which provides regulatory, safety and environmental compliance consulting services to the Company. Deloitte [Read more]
Seven Generations Energy Ltd. Announces Executive Changes
CALGARY, March 24, 2015 /CNW/ - Seven Generations Energy Ltd. ("7G" or the "Company") (TSX: VII) announced today that Mr. Harry Cupric will be resigning as Chief Financial Officer effective March 31, 2015. Pat Carlson, CEO said, "We are very grateful to Harry for his formative contribution to the Company, especially the diligence and professionalism displayed in taking us from a private company with just a few wells to a large publicly traded company. Harry's effective style made an important [Read more]
Connacher Announces Q4 2014 and Year-End 2014 Results
CALGARY, March 24, 2015 /CNW/ - Connacher Oil and Gas Limited (CLL - TSX; "Connacher" or the "Company") announces its financial and operating results for the quarter and the year-ended December 31, 2014 (all amounts are in Canadian dollars unless otherwise noted). The Company's annual financial statements and related management's discussion and analysis ("MD&A") for the quarter- and the year-ended December 31, 2014 can be accessed on Connacher's website at www.connacheroil.com and on [Read more]
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