Invicta Energy Corp ("Invicta" or the "Company") is pleased to announce the results of its independent reserve evaluation prepared by Fekete Associates Inc. ("Fekete") in accordance with National Instrument 51-101 - Standards of Disclosure for Oil and Gas Activities ("NI 51-101") and dated effective December 31, 2012, evaluating the Company's crude oil, natural gas liquids and natural gas reserves (the "Report"). The Report is primarily based on 34 gross (20 net) producing light oil wells at [Read more]
TriOil Resources Announces 2013 Capital Budget and Business Plan and Appointment of a Special Committee
TriOil Resources Ltd. ("TriOil" or the "Company") is pleased to announce that the Company's Board of Directors has approved a capital expenditure program of $93 million for 2013 (the "2013 Capital Budget"). TriOil also announces that its Board of Directors have formed a committee of independent directors (the "Special Committee") to conduct a strategic review of the Company's business plan and to consider additional means to enhance shareholder value. Capital Budget and Guidance The 2013 [Read more]
Insignia Energy announces its 2012 year end crude oil and natural gas reserves and first half 2013 capital budget
Insignia Energy Ltd. ("ISN" - TSX) ("Insignia" or the "Company") is pleased to announce the results of its independent reserve evaluation, effective December 31, 2012 , of the Company's reserves by GLJ Petroleum Consultants Ltd. ("GLJ"). 2012 YEAR-END RESERVE HIGHLIGHTS Finding & Development ("F&D") costs for 2012 were $10.60 /boe proved reserves and $8.07 /boe proved plus probable reserves, including change in future development costs; Finding, Development & [Read more]