CALGARY , Feb. 12, 2013 /CNW/ - Legacy Oil + Gas Inc. ("Legacy" or the "Company") (LEG.TO) is pleased to announce its 2012 year-end reserves and provide an operational update. The financial and operational information contained below is based on the Company's unaudited expected results for the year ended December 31, 2012 . HIGHLIGHTS 2012 total proved plus probable finding, development and acquisitions costs (including changes in future development costs) were $22.72 per [Read more]
Nexen Announces All Required Regulatory Approvals Received
CALGARY, Feb. 12, 2013 /CNW/ - Nexen Inc. ("Nexen", TSX, NYSE: NXY) announced today that Nexen has received approval from the Committee on Foreign Investment in the United States (CFIUS) with respect to the proposed acquisition of Nexen by CNOOC Limited, and now has all of the requisite approvals to proceed to close. The transaction is expected to close the week of February 25, 2013 and remains subject to customary closing conditions. The letter of transmittal for the acquisition of common [Read more]
Surge Energy Inc. Announces Significant Increase in 2012 Year-End Reserves, Resumption of Drilling Operations in the Southern Pool Area of Valhalla and Management Update
CALGARY, Feb. 12, 2013 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX:SGY.TO) is pleased to announce its 2012 year-end reserves evaluation (NI-51-101 compliant) and to provide an update on current operations. SUMMARY: In 2012, Surge achieved 27 percent growth in reserves per share and forecasts (based on unaudited estimates), 21 percent growth in production per share (basic) and a 31 percent increase in cash flow per share (basic) despite lower realized field prices due to an [Read more]
Cequence Energy announces Dunvegan discovery at Simonette/Resthaven
Cequence Energy Ltd. ("Cequence" or the "Company") is pleased to announce the results from its first Dunvegan horizontal gas well at Simonette/Resthaven. The Cequence operated 10-02-061-02W6 well was drilled to a final measured depth of 4,443 meters, including approximately 1,791 meters of horizontal section in the Dunvegan formation. A total of sixteen 40 tonne fracs were successfully placed using a frac port system. The well flowed on clean-up for 53 hours at a final rate of 16.4 MMcf/d plus [Read more]
TriOil Updates Corporate Presentation on Website
TriOil Resources Ltd. ("TriOil" or the "Company" - TSXV: TOL) announces that an updated presentation has been posted on the Company's website at www.trioilresources.com. The corporate presentation will be located under the Investor Information - Presentations page of the website. TriOil is a Calgary, Alberta based company engaged in the exploration, development and production of petroleum and natural gas. TriOil has approximately 64.0 million class A shares issued and outstanding (70.1 [Read more]
Invicta reports 78% increase in oil reserves in 2012
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]