CALGARY, AB--(Marketwired - February 25, 2015) - Encana (TSX: ECA) (NYSE: ECA) Encana reported strong results from a transformative 2014 in which the company restructured its organization, transformed its portfolio and delivered solid operational results. The company delivered on all of its strategic targets and achieved enduring efficiency improvements throughout the business. Highlights include: Average annual liquids production of 86,800 barrels per day (bbls/d) up 61 percent from [Read more]
News
Alberta premier says Keystone XL battle goes on despite veto by President Obama
EDMONTON - Alberta Premier Jim Prentice says the struggle over Keystone XL is not over, even with the veto of a bill approving the transcontinental pipeline.Prentice says the pipeline is ultimately in the best interests of both Canada and the United States, and says he believes that view will ultimately prevail.He says North America is an integrated energy market and that without a pipeline, Canadian oil will continue to enter the U.S. by rail.Prentice made the comments after U.S. President [Read more]
Timeline: Key dates in the history of the proposed Keystone XL pipeline project
U.S. President Barack Obama on Tuesday vetoed a bill that would have approved construction of the privately funded Canadian Keystone XL oil pipeline. The $8 billion project from Calgary-based TransCanada Corp. (TSX:TRP) would connect Canada's oilsands to Gulf Coast refineries. Republicans in the U.S. indicated Tuesday they would continue to fight for the project, which was first proposed in 2008, and the Canadian government expressed confidence that approval would come eventually. Here are some [Read more]
Seven Generations Energy Ltd. Reports 2014 Year-end Reserves and Updates Business Plan
CALGARY, Feb. 24, 2015 /CNW/ - Seven Generations Energy Ltd. ("7G" or the "Company") (TSX: VII) is pleased to report the results of its December 31, 2014 independent reserve assessment prepared by McDaniel & Associates Consultants Ltd. in accordance with Canadian reporting standards. The report follows the most recent report with an effective date of July 1, 2014, which was prepared for the Company's Initial Public Offering that closed in November 2014. Effective Date July 1, [Read more]
Border Announces Quarterly Financial Filing and New Personnel
CALGARY, ALBERTA--(Marketwired - Feb. 24, 2015) - Border Petroleum Limited ("Border" or the "Corporation") (TSX VENTURE:BOR) announces financial results for its third quarter ended December 31, 2014. The unaudited condensed consolidated interim financial statements and management's discussion & analysis ("MD&A") have been filed on SEDAR and can be viewed at www.sedar.com. FINANCIAL OVERVIEW Certain selected financial and operational information for the quarter ended December 31, [Read more]
PrairieSky Royalty Announces Executive Retirement
CALGARY, ALBERTA--(Marketwired - Feb. 24, 2015) - PrairieSky Royalty Ltd. ("PrairieSky" or the "Company") (TSX:PSK) announces that L. Geoffrey Barlow, Vice President, Finance & Chief Financial Officer is retiring from the Company. James Estey, the Chairman of the Board of Directors of PrairieSky, stated, "On behalf of the Board and the entire Company I would like to recognize and thank Geoff for his many contributions to PrairieSky. Under Geoff's stewardship PrairieSky has achieved [Read more]
Obama Vetoes Keystone
WASHINGTON - U.S. President Barack Obama made good Tuesday on a threat to veto a bill to approve the Keystone XL pipeline, bringing the two sides in the long-running controversy to a rare point of agreement: their battle is far from over.''The president's veto of the Keystone jobs bill is a national embarrassment,'' said the top Republican in the House of Representatives, John Boehner.''We are not going to give up in our efforts to get this pipeline built — not even close.''The issue is about to [Read more]
Saturn Minerals Announces Additions to Advisory Board
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 24, 2015) - Saturn Minerals Inc. (TSX VENTURE:SMI)(FRANKFURT:SMK) ("Saturn" or the "Company") is pleased to announce that Chris Barton, Craig Boland and Curt Maxwell have joined the Advisory Board of Saturn, significantly bolstering the Companies operating technical team with regard to the Company's oil & gas projects. Chris Barton, P.Geo, is a professional geophysicist with over 30 years of experience across the entire Western Canadian [Read more]
Husky Energy Files Base Shelf Prospectus
CALGARY, AB--(Marketwired - February 24, 2015) - Husky Energy Inc. (TSX: HSE) has filed a final Short Form Base Shelf Prospectus with applicable securities regulators in each of the provinces of Canada, effective February 23, 2015. The Shelf Prospectus will enable Husky to offer up to $3 billion of various financial securities in Canada until March 22, 2017. This filing renews a similar Shelf Prospectus filed in 2012 and provides Husky with the ability to efficiently access capital markets [Read more]
Journey Energy Inc. Reports 98% Increase to 2014 Year End Reserves
CALGARY, Feb. 24, 2015 /CNW/ - Journey Energy Inc. (JOY – TSX) ("Journey" or the "Company") is pleased to report its year end 2014 oil and gas reserves evaluation. The reserves evaluation validates our balanced approached between strategic acquisitions and exploration and development, and highlights the continued multi-year success of the Company in enhancing the value of legacy oil pools through the application of new technology. Highlights: Invested over $260 million in our capital [Read more]