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]