CALGARY, ALBERTA--(Marketwired - Feb. 18, 2015) - Crew Energy Inc. (TSX:CR) of Calgary, Alberta ("Crew" or the "Company") is very pleased to announce the results of its independent reserve evaluation for the year ended December 31, 2014 as prepared by Sproule Associates Ltd. ("Sproule"), which is outlined in more detail below. 2014 HIGHLIGHTS Through an active and successful drilling program, the Company added 108.4 mmboe of proved plus probable ("2P") reserves, which contributed to a [Read more]
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Tourmaline Announces Strong Reserve and Production Growth in 2014
CALGARY, AB--(Marketwired - February 18, 2015) - Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline" or the "Company") is pleased to announce reserve and production results for full year 2014. Highlights Proved plus probable reserves (2P) increased to 855.8 mmboe during 2014, a 45% increase over 2013 reserves of 590.1 mmboe (38% growth per diluted share). Proved reserves increased 49%, proved developed producing (PDP) and proved developed non-producing reserves increased by 50%. 2P crude and [Read more]
Blackbird Energy Inc. Announces Appointment of Chief Financial Officer
CALGARY, ALBERTA--(Marketwired - Feb. 19, 2015) - Blackbird Energy Inc. (TSX VENTURE:BBI) ("Blackbird" or the "Company") is pleased to announce that Mr. Jeff Swainson has been appointed to the position of Chief Financial Officer. Prior to his appointment as Chief Financial Officer, Mr. Swainson held the position of Controller with Blackbird. Mr. Swainson is a Chartered Accountant with over seven years of broad finance experience in audit, financial reporting, tax, budgeting and forecasting, [Read more]
Talisman Energy Receives Shareholder Approval for Acquisition by Repsol
CALGARY, ALBERTA--(Marketwired - Feb. 18, 2015) - Talisman Energy Inc. (TSX:TLM) (NYSE:TLM) announced today that the holders of its Common Shares and Preferred Shares have approved the proposed arrangement under which Repsol S.A., through a wholly-owned subsidiary, is to acquire all of the outstanding shares of Talisman. Of the votes cast, over 99% of holders of each class of shares voted in favour of the agreement at the special meeting of shareholders held earlier today. The completion of [Read more]
Imperial to build new oil sands research centre in southeast Calgary
Centre will continue focus on developing efficient next-generation oil sands technologies Facility design will incorporate new technologies and flexibility to accommodate future needs Occupancy planned for 2017 CALGARY, Feb. 18, 2015 /CNW/ - Imperial Oil Limited announced today that it will build a new research facility in southeast Calgary. The new research centre will continue Imperial's progress in developing next-generation resource recovery technologies for safely and efficiently [Read more]
Spartan Energy Corp. Provides 2014 Year-End Reserves
CALGARY, ALBERTA--(Marketwired - Feb. 18, 2015) - Spartan Energy Corp. ("Spartan" or the "Company") (TSX:SPE) is pleased to provide a summary of our 2014 year-end reserves. In this press release, all references to reserves are to company gross reserves, meaning Spartan's working interest reserves before deductions of royalties and before consideration of Spartan's royalty interests. HIGHLIGHTS Year-end 2014 proved plus probable ("2P") reserves increased to 39.6 MMboe (96% oil and liquids) [Read more]
Advantage Announces 2014 Reserves & Operational Update
321% Reserve Replacement, 3.2x Recycle Ratio and $1.03/Mcfe Finding & Development Cost Reaffirms High Quality Glacier Asset (TSX: AAV, NYSE: AAV) CALGARY, Feb. 17, 2015 /CNW/ - Advantage Oil & Gas Ltd. ("Advantage" or the "Corporation") is pleased to report highly efficient 2014 reserve additions from its continuing Montney resource development at Glacier, Alberta ("Glacier"). In particular, improved well performance in the Upper, Middle and Lower Montney contributed to a significant [Read more]
Northern Spirit Resources Inc. Announces Issuance of Options
CALGARY, ALBERTA--(Marketwired - Feb. 17, 2015) - Northern Spirit Resources Inc. ("Northern Spirit" or the "Company") (TSX VENTURE:NS) announces that it has issued an aggregate of 15,500,000 stock options to directors and officers of the Company in accordance with the Company's shareholder approved stock option plan. The stock options are exercisable at $0.05 per share, expire in five years and vest as to one-third on each of the first, second and third anniversaries of the date of [Read more]
Advantage Announces 2015 Guidance and Development Plan Update
Glacier Outperformance Enables $110 million Capital Reduction in 2015 & Maintains 36% Planned Growth to 183 mmcfe/d (TSX: AAV, NYSE: AAV) CALGARY, Feb. 17, 2015 /CNW/ - The Board of Directors has approved a 2015 capital budget of $160 million which maintains Advantage's financial strength, operational flexibility and future growth plans. As a result of outstanding well and operating performance at Glacier, the 2015 capital program has been reduced by $110 million from prior estimates [Read more]
Berkshire Hathaway unloads Exxon Mobil, ConocoPhillips stakes as oil prices fall, adds Deere
OMAHA, Neb. - Billionaire Warren Buffett's company unloaded its 41 million shares of Exxon Mobil Corp. and sold a smaller stake in ConocoPhillips as oil prices fell last fall.Berkshire Hathaway Inc. filed an update on the stocks it held at the end of 2014 with the Securities and Exchange Commission Tuesday.Berkshire recorded a number of moves during the last three months of last year, including buying 15.6 million shares of Deere & Co. stock and adding nearly 6.5 million shares to its already [Read more]