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]
Cequence Energy announces 35% growth in reserves and 2012 financial and operating results
CALGARY , March 7, 2013 /CNW/ - Cequence Energy Ltd. ("Cequence" or the "Company") (TSX: "CQE") is pleased to announce its 2012 year end reserves and its operating and financial results for the three months and the year ended December 31, 2012 . Reserve Highlights Cequence's 2012 year end reserves reflect a continued focus on the successful delineation of its Simonette property in the Deep Basin of Alberta. The growth in reserves further substantiates management's views that the Company's [Read more]
Marquee Energy Ltd. announces 330% increase in Michichi core area reserves
CALGARY, March 7, 2013 /CNW/ - Marquee Energy Ltd. ("Marquee" or the "Company") (TSXV:MQL.V) is pleased to announce the results of its 2012 year-end oil and gas reserves evaluation. Marquee's year-end 2012 reserves were evaluated by independent reserves evaluator Sproule & Associates Consultants Ltd. ("Sproule"). The evaluation of all of Marquee's oil and gas properties was done in accordance with the definitions, standards and procedures contained in the Canadian Oil and Gas Evaluation [Read more]
Athabasca Oil Corporation Provides Light Oil Operations Update
CALGARY, March 6, 2013 /CNW/ - Athabasca Oil Corporation (TSX:ATH.TO) is pleased to provide an update of its light oil operations in the Fox Creek area of the Alberta Deep Basin. In December 2012, the Light Oil Division achieved its goal with production rates of greater than 10,000 barrels of oil equivalent per day (boe/d) comprised of approximately 50 percent oil and condensate. Daily oil and gas production ramped up during Q4 2012, as the Company constructed and commissioned its [Read more]
Athabasca Oil Corporation Announces Executive Appointments
CALGARY, March 6, 2013 /CNW/ - Athabasca Oil Corporation (TSX:ATH.TO) announces the following executive appointments to bolster its evolution into development and production activities. In response to rapid growth in Athabasca's Thermal Oil and Light Oil divisions, the Board of Directors is pleased to announce the addition of Brent Heagy, CA, to its executive management team. Effective March 11, 2013, Mr. Heagy joins the Company as the chief financial officer, bringing more than thirty years of [Read more]
TriOil provides update on strategic process
CALGARY, March 4, 2013 /CNW/ - (TSXV:TOL.V) TriOil Resources Ltd. ("TriOil" or the "Corporation") announces that its independent committee of directors (the "Special Committee") continues to work with its financial advisors in connection with the strategic alternatives process. Specifically, under the direction of the Special Committee, the financial advisors to the Special Committee and management have commenced populating the virtual data room to be used in connection with such process and [Read more]
Pinecrest Energy Inc. announces board change
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]