BOE Report

Husky Energy’s 2014 Reserves Replacement Outpaces Production

CALGARY, AB--(Marketwired - March 02, 2015) - Highlights: Proved reserves replacement of 115 percent (111 percent including economic factors) in 2014 Average proved four-year reserves replacement ratio of 157 percent (143 percent including economic factors) 1.3 billion barrels of oil equivalent (boe) total proved reserves before royalties Proved reserves life index of 10.3 years Husky Energy's (TSX: HSE) reserves growth continued to outpace production in 2014, reflecting the [Read more]

Tuscany’s 2014 Year End Reserves Increase 27% to 2.86 Million BOE; NPV10 Increases 58% to $61.9 MM on Higher Reserves and Lower Operating Costs

CALGARY, ALBERTA--(Marketwired - March 2, 2015) - Tuscany Energy Ltd. (TSX VENTURE:TUS) ("Tuscany" or the "Company") is pleased to announce the results of its independent reserves evaluation and estimate effective December 31, 2014. Conducted by McDaniel and Associates Consultants Ltd. ("McDaniel"), the reserves report (the "McDaniel Report") shows growth year-over-year in both reserve volumes and net present value. 2014 Highlights 58% increase in net present value to $61.9 MM (before tax [Read more]

Pan Orient Energy Corp.: Thailand Update

CALGARY, ALBERTA--(Marketwired - March 2, 2015) - Pan Orient Energy Corp. (TSX VENTURE: POE) - The L53-ANC1 exploration well has been plugged and abandoned after failing to encounter commercial hydrocarbons. Oil shows and elevated mud gas readings were observed while drilling through three separate target sandstone intervals, however the these sandstones were indicated to have low permeability (tight) on the basis of open hole logs and pressure measurements. Work is underway [Read more]

National Automation Services, Inc. – 2015 Business Strategies

LAS VEGAS, NV--(Marketwired - Mar 2, 2015) - National Automation Services, Inc. ("NAS" or "Company") (OTCQB: NASV), an Oil and gas services company, announced that it has updates to investors on the changes in business planning for the remainder of the 2015 calendar year. Within the domestic oil and gas industry, the recent decline in oil prices has created challenges for some companies, while creating opportunities for others. NAS is aggressively capitalizing on the opportunities as [Read more]

TransCanada Closes $250 Million Preferred Share Issue

CALGARY, ALBERTA--(Marketwired - March 2, 2015) - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) today announced that it has completed its public offering of cumulative redeemable first preferred shares, series 11 (the "Series 11 Preferred Shares"). TransCanada issued 10 million Series 11 Preferred Shares for aggregate gross proceeds of $250 million through a syndicate of underwriters co-led by Scotiabank and RBC Capital Markets. The net proceeds of the offering will be used for [Read more]

CanElson Announces Fourth Quarter Results, Updates Its 2015 Capital Program and Declares Quarterly Dividend

CALGARY, ALBERTA--(Marketwired - March 2, 2015) - CanElson Drilling Inc. (TSX:CDI) announces its financial results for the fourth quarter and year end compared to a year earlier, updates its 2015 capital program, and declares a quarterly dividend of $0.03 per share. 2014 KEY DEVELOPMENTS Q1 - Continued to develop an LNG footprint, deploying its fourth drilling rig, a mechanical tele-double, in north east British Columbia Q2 - Delivered a [Read more]

KBR Takes $1.24 Million Fourth-Quarter Hit From Restructuring, Lower Revenues, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwired - Mar 2, 2015) - Researched by Industrial Info Resources (Sugar Land, Texas) -- KBR Incorporated (NYSE:KBR) (Houston, Texas), which is heavily involved in oil and gas production projects, posted a $1.24 billion loss for the fourth quarter of 2014, largely as a result of restructuring-related charges and a drop in revenue. For fourth-quarter 2013, the engineering, procurement and construction (EPC) contractor reported a net loss of $56 million. Industrial Info is [Read more]

Tethys Petroleum Limited: Corporate Update

GRAND CAYMAN, CAYMAN ISLANDS--(Marketwired - March 2, 2015) - Tethys Petroleum Limited ("Tethys" or the "Company") (TSX:TPL) (LSE:TPL) is pleased to announce that it has signed a Memorandum of Understanding ("MOU") with PetroChina International Kazakhstan Ltd ("PetroChina") and also provide a corporate update to our shareholders. Highlights: Updated vision and strategy announced focussed on capital discipline, the generation of cash flow from existing [Read more]

Husky Energy Files 2014 Disclosure Documents

CALGARY, AB--(Marketwired - February 27, 2015) - Husky Energy (TSX: HSE) has filed its Annual Information Form (AIF), audited consolidated financial statements and related Management's Discussion and Analysis for the year ended December 31, 2014 with Canadian securities regulators on the System for Electronic Document Analysis and Retrieval (SEDAR).The AIF includes the disclosure and reports relating to oil and gas reserves data and other disclosures for oil and gas activities required pursuant [Read more]

Stonehaven Reports Issuance of Stock Options

CALGARY, ALBERTA--(Marketwired - Feb. 27, 2015) - Stonehaven Exploration Ltd. ("Stonehaven" or the "Company") (TSX VENTURE:SE) reports that it has issued an aggregate of 715,200 options to purchase common shares of the Company to certain directors, officers and employees of the Company in accordance with the Company's stock option plan. The options are exercisable at a price of $1.40 per share and expire five years from the date of grant. Stonehaven holds an interest in 20 gross sections [Read more]