CALGARY , March 21, 2013 /CNW/ - (TBE.TO) - Twin Butte Energy Ltd. ("Twin Butte" or the "Company") is pleased to report financial and operational results for the three and twelve months ended December 31, 2012 . Twin Butte previously released 2012 year end reserves on February 27, 2013 . Highlights of Twin Butte's highly successful 2012 are as follows: Demonstrated a sustainable dividend paying model with a payout ratio of 91 percent and a payout ratio net of the DRIP, of 89 percent in [Read more]
Hawk Announces Year End Reserves and Provides Operations Update
CALGARY, March 20, 2013 /CNW/ - Hawk Exploration Ltd. ("Hawk" or the "Corporation") is pleased to provide an operations update and a summary of its December 31, 2012 reserve information as evaluated by GLJ Petroleum Consultants Ltd. ("GLJ"). HIGHLIGHTS Increased total proved reserves by 43% from 797 thousand barrels of oil equivalent ("MBoe") in 2011 to 1,137 MBoe in 2012 and increased total proved plus probable oil reserves by 31% from 1,319 MBoe to 1,725 MBoe; Added total proved [Read more]
Athabasca Oil Corporation Announces 2012 Year-End Results
CALGARY, March 21, 2013 /CNW/ - Athabasca Oil Corporation (TSX:ATH.TO) is pleased to announce its 2012 Year End Results. The Company achieved numerous corporate milestones and transitioned from a pure exploration company to an exploration and production (E&P) company with a balanced portfolio of light oil production and a wholly-owned thermal oil project under construction. Some of the 2012 highlights include: Light Oil Completion of infrastructure, including a 63-kilometre-long, [Read more]
Whitecap announces record 2012 production and cash flow
CALGARY , March 20, 2013 /CNW/ - Whitecap Resources Inc. ("Whitecap", "we", "us", "our" or the "Company") (WCP.TO) is pleased to announce that we have filed on SEDAR our audited financial statements and related Management's Discussion and Analysis ("MD&A") for the year ended December 31, 2012 . Selected financial and operational information is outlined below and should be read in conjunction with Whitecap's audited financial statements and related MD&A and Annual Information Form ("AIF") [Read more]
Surge Energy Inc. announces 2012 year-end results and files annual information form
CALGARY, March 20, 2013 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX:SGY.TO) is pleased to announce its financial and operating results for the year ended December 31, 2012 and has filed its Annual Information Form ("AIF") for the year ended December 31, 2012 on SEDAR. FINANCIAL AND OPERATING SUMMARY: Certain selected financial and operations information for the three months and year ended December 31, 2012 and the 2011 comparative information are outlined below and should be [Read more]
Equal Energy Enters into Settlement Agreement with Shareholders
CALGARY , Alberta, March 19, 2013 /CNW/ - Equal Energy Ltd. (EQU.TO) (EQU) today announced a settlement with Mr. Nawar Alsaadi and Dr. Adam Goldstein resolving previous disagreements. As disclosed in a press release dated January 24 2013, Equal filed a suit against Mr. Alsaadi and Dr. Goldstein for allegedly violating United States securities laws and certain publications and statements they made concerning their views about Equal and its management. Pursuant to the settlement agreement, [Read more]
Advantage Announces New Natural Gas Commodity Price Hedges
(TSX: AAV, NYSE: AAV) CALGARY , March 19, 2013 /CNW/ - Advantage Oil & Gas Ltd. ("Advantage" or the "Corporation") announces that it has entered into new natural gas commodity price hedges for 2014 and 2015. Advantage has now hedged the following average production volumes at the corresponding averages prices for the periods as follows: Period Average Volume Hedged Average Price $Cdn. AECO 2013 Year 29,224 [Read more]
Pinecrest Energy Inc. announces its December 31, 2012 Year End Results and 2012 Year End Reserves
TSX Venture Exchange: PRY CALGARY, March 18, 2013 /CNW/ - Pinecrest Energy Inc. ("Pinecrest" or the "Company") is pleased to announce that it has filed on SEDAR its audited annual financial statements, related Management's Discussion and Analysis ("MD&A") and Annual Information Form for the year ended December 31, 2012. The statements will be available for review at www.sedar.com or www.pinecrestenergy.com. 2012 HIGHLIGHTS Increased proved plus probable reserves by 107% to 16.2 mmboe [Read more]
Legacy Oil + Gas Inc. announces year-end results and files annual information form
CALGARY , March 18, 2013 /CNW/ - Legacy Oil + Gas Inc. ("Legacy" or the "Company") (LEG.TO) 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, 2012 as well as its annual information form ("AIF") for the year ended December 31, 2012 . Selected financial and operational information is outlined below and should be read in conjunction with Legacy's audited financial statements, [Read more]
LGX Oil + Gas Inc. Announces Year-end Results, Reserve Information, 2013 Guidance and Files Annual Information Form
CALGARY, March 18, 2013 /CNW/ - LGX Oil + Gas Inc. ("LGX" or the "Company") (TSXV:OIL.V) 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, 2012 as well as its annual information form ("AIF") for the year ended December 31, 2012. Selected financial and operational information is outlined below and should be read in conjunction with LGX's audited financial statements, the [Read more]
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