TSX: BXE CALGARY, March 11, 2015 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE: BXE) is pleased to announce that its syndicate of lenders, led by National Bank Financial as Sole Lead Arranger and Book Runner and National Bank of Canada as Administrative Agent, has agreed to amendments to certain of the financial covenants contained in the agreement governing its bank credit facilities. The Company's total $725 million credit facilities are available on an [Read more]
News
Husky Energy Begins Oil Production at the Sunrise Energy Project
CALGARY, AB--(Marketwired - March 11, 2015) - Husky Energy (TSX: HSE) has started oil production at the Sunrise Energy Project in northern Alberta. "Sunrise is the latest in a series of resilient, low sustaining capital projects to come online from our diverse portfolio," said CEO Asim Ghosh. "We are expecting more than 40 years of production from this reservoir with very low ongoing capital costs." Steam operations began in December 2014. Total production is expected to ramp up to full [Read more]
Businesses expect a slower Stampede this year as oilpatch pulls back
CALGARY - This was supposed to be the year that the "ranch" would be booked up again for the Calgary Stampede — but then oil prices fell by more than half.Caterer Paddy Sorrenti said by early December, a full roster of clients had confirmed they wanted to use the site — a cowboyed up parking lot in the downtown core where pancakes are flipped and beer is pouredBut with three and a half months to go to Stampede, Sorrenti says he's in "limbo." He figures six of the 10 events that had been booked [Read more]
Spyglass Resources Corp. Announces 2014 Year End, Fourth Quarter Results and Reserves
All values are in Canadian dollars unless otherwise indicated. Conversion of natural gas volumes to barrels of oil equivalent (boe) are at 6:1. CALGARY, March 11, 2015 /CNW/ - Spyglass Resources Corp. ("Spyglass", or the "Company") (TSX: SGL, OTCQX: SGLRF) announces annual financial and operating results for the year ended and fourth quarter ended December 31, 2014. Selected financial and operational information is outlined below along with 2014 reserves evaluated in accordance with National [Read more]
Softrock issues Progress Report “Slow and steady and weathering falling prices”
CALGARY, March 11, 2015 /CNW/ - Over the last six months the company has had the following progress or refinement in its three main areas SPIRIT RIVER: On the company's one section crown lease in the Charlie Lake oilfield in northwestern Alberta, the first horizontal well that was drilled one year ago at no cost to Softrock was "fraced" this past season in 20 places in the Charlie Lake pay zone and is now preparing to be put on production from which Softrock is to receive a two and one-half [Read more]
Crescent Point Energy Announces Year-End 2014 Results, 40 Percent Increase in Syndicated Bank Line Capacity and 22 Percent Increase in Reserves
CALGARY, ALBERTA--(Marketwired - March 11, 2015) - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX:CPG) (NYSE:CPG) is pleased to announce its operating and financial results for the year ended December 31, 2014. The Company also announces that its audited financial statements and management's discussion and analysis for the year ended December 31, 2014, will be available shortly on SEDAR at www.sedar.com, on EDGAR at www.sec.gov/edgar.shtml and on Crescent Point's website at [Read more]
Spartan Energy Corp. Announces 2014 Fourth Quarter and Year End Results
CALGARY, ALBERTA--(Marketwired - March 11, 2015) - Spartan Energy Corp. ("Spartan" or the "Company") (TSX:SPE) is pleased to report its financial and operating results for the fourth quarter and year ended December 31, 2014. Selected financial and operational information is set out below and should be read in conjunction with Spartan's December 31, 2014 audited annual financial statements and the related management's discussion and analysis ("MD&A"). Also, the Company today announces the [Read more]
Hemisphere Energy Announces a 61% Increase in 2014 Reserves
VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 11, 2015) - Hemisphere Energy Corporation ("Hemisphere") (TSX VENTURE:HME) is pleased to announce highlights from its independent reserves evaluation as at December 31, 2014 in accordance with National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities ("NI 51-101"). In 2014 Hemisphere completed its busiest development year to-date, drilling and placing on production 10 horizontal oil wells in Atlee Buffalo and 2 horizontal [Read more]
Seven Generations Announces 2014 Financial and Operating Results and Updated Reserves
CALGARY, March 10, 2015 /CNW/ - Seven Generations Energy Ltd. ("7G" or the "Company") (TSX: VII) reports its operating and financial results for the fourth quarter of 2014 and year ended December 31, 2014. "2014 was a fantastic year. Our IPO was successful. We had significant growth of production, reserves and cash flow. We increased our well length, opening the door to improved economics with a reduced environmental footprint. We continued to advance the Kakwa River Project with community [Read more]
LGX Oil + Gas Inc. announces 2014 year-end reserves
CALGARY, March 10, 2015 /CNW/ - LGX Oil + Gas Inc. ("LGX" or the "Company") (TSXV: OIL) is pleased to announce its 2014 year-end reserves. The financial and operational information contained below is based on the Company's unaudited expected results for the year ended December 31, 2014 and final audited results may vary. RESERVES In this press release, all references to reserves are to gross company reserves, meaning LGX's working interest reserves before deductions of royalties and before [Read more]