CALGARY, Nov. 10, 2014 /CNW/ - Palliser Oil & Gas Corporation ("Palliser" or the "Company") (TSX VENTURE: PXL) announces that in order to permit Maha, Palliser and Palliser's lender to continue negotiations relative to the terms of a potential amended credit facility, the terms of the forbearance agreement between Palliser and its lender have been extended to November 28, 2014. The outside date for the proposed amalgamation of the Company and Maha pursuant to an amalgamation agreement [Read more]
Northern Blizzard Resources Inc. Announces Third Quarter 2014 Results
CALGARY, Nov. 10, 2014 /CNW/ - Northern Blizzard Resources Inc. ("Northern Blizzard" or the "Company") (TSX: NBZ) is pleased to announce its operating and financial results for the three and nine months ended September 30, 2014. Northern Blizzard's unaudited financial statements and management's discussion and analysis ("MD&A") for the three and nine months ended September 30, 2014 are available on SEDAR at www.sedar.com and on Northern Blizzard's website at [Read more]
Vermilion Energy Inc. Announces Results for the Three and Nine Months Ended September 30, 2014
CALGARY, Nov. 10, 2014 /CNW/ - Vermilion Energy Inc. ("Vermilion", "We", "Our", "Us" or the "Company") (TSX, NYSE: VET) is pleased to report operating and unaudited financial results for the three and nine months ended September 30, 2014. HIGHLIGHTS Achieved average production of 49,920 boe/d during Q3 2014, a decrease of 4% as compared to 52,089 boe/d in the prior quarter and an increase of 20% compared to 41,510 boe/d in Q3 2013. Lower quarter-over-quarter production was primarily due [Read more]
Athabasca Oil Corporation Reports Third Quarter 2014 Financial and Operating Results and Provides an Update on Key Strategic Initiatives
CALGARY, Nov. 7, 2014 /CNW/ - Athabasca Oil Corporation (TSX: ATH) ("Athabasca" or "the Company") is pleased to report its third quarter 2014 financial and operating results, the initiation of a Board renewal process and an update on the continued implementation of its refined business strategy. Third quarter highlights: closed the Dover transaction for net proceeds of $1.2 billion. The Company has a very strong liquidity position which will be used to fund the development of its core [Read more]
Enerplus Continues Operational Momentum in Third Quarter 2014 & Increases Annual Production Guidance
CALGARY, Nov. 7, 2014 /CNW/ - Enerplus Corporation ("Enerplus") (TSX: ERF) (NYSE: ERF) continued to deliver consistent, strong operational and financial performance during the third quarter of 2014. OPERATIONAL HIGHLIGHTS: Daily production averaged approximately 104,000 BOE, essentially unchanged from the second quarter. Crude oil and natural gas liquids production increased again in the third quarter to average 44,200 barrels per day, up 700 barrels over the second quarter. We continue [Read more]
Perpetual Energy Inc. Releases Third Quarter 2014 Financial and Operating Results and Provides First Quarter 2015 Capital Spending Guidance
CALGARY, Nov. 6, 2014 /CNW/ - (TSX:PMT) - Perpetual Energy Inc. ("Perpetual", the "Corporation" or the "Company") is pleased to report its financial and operating results for the three and nine months ended September 30, 2014. Perpetual continued to improve its financial flexibility in the third quarter with a reduction in overall debt levels achieved through the successful execution of several transactions including a senior notes offering, the monetization of future gas over bitumen ("GOB") [Read more]
Toscana Energy Announces Third Quarter 2014 Results
CALGARY, Nov. 6, 2014 /CNW/ - Toscana Energy Income Corporation ("TEI" or the "Corporation") (TSX: TEI) announces financial and operating results for the third quarter ended September 30, 2014. Financial and operating results: This news release summarizes information contained in the Condensed Consolidated Interim Financial Statements (unaudited) and Management's Discussion and Analysis ("MD&A") for the three and nine month period ended September 30, 2014. This news release should not be [Read more]
Surge Energy Inc. announces record third quarter production and funds from operations
CALGARY, Nov. 6, 2014 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) announces record financial and operating results for the three and nine month periods ended September 30, 2014. FINANCIAL AND OPERATING SUMMARY ($000s except per share amounts) Three Months Ended September 30, Nine Months Ended September 30, 2014 2013 % change 2014 2013 % change Financial highlights Oil and [Read more]
ARC Resources Ltd. announces an $875 million capital program for 2015 and sets the stage for continued profitable growth beyond 2015
CALGARY, Nov. 5, 2014 /CNW/ - (ARX - TSX) ARC Resources Ltd. ("ARC") announced today that its Board of Directors has approved an $875 million capital program for 2015 directed at high value oil and liquids-rich gas development and low cost Montney natural gas assets. ARC expects annual average production growth of approximately 10 per cent in 2015. Myron Stadnyk, ARC's President and Chief Executive Officer, said, "We are fortunate to be rich in profitable opportunities, which create a [Read more]
ARC Resources Ltd. reports record third quarter production and strong financial results
CALGARY, Nov. 5, 2014 /CNW/ - (ARX - TSX) ARC Resources Ltd. ("ARC") is pleased to report its third quarter 2014 operating and financial results. Third quarter production averaged a record 115,530 boe per day and funds from operations were $284.2 million ($0.89 per share). ARC's unaudited Condensed Interim Consolidated Financial Statements and Notes, as well as ARC's Management's Discussion and Analysis ("MD&A") for three and nine months ended September 30, 2014 and 2013, are available on [Read more]
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