CALGARY, ALBERTA--(Marketwired - Dec. 18, 2014) - Spyglass Resources Corp. ("Spyglass", or the "Company") (TSX:SGL)(OTCQX:SGLRF) announced today that the Toronto Stock Exchange (the "TSX") has approved the Company's notice of intention to make a normal course issuer bid (the "Bid"). Under the terms of the Bid, Spyglass may acquire up to 12,460,689 of its common shares ("Common Shares") from time to time in accordance with the normal course issuer bid procedures of the TSX, representing [Read more]
News
TransCanada CEO says industry has lived through worse than latest crude downturn
CALGARY - The CEO of TransCanada Corp. (TSX:TRP) says he doesn't see the oil industry's appetite for new pipelines faltering even though crude prices have skidded to the lowest point in more than five-years.In an interview in his downtown Calgary office, Russ Girling said he's seen ups and downs far more drastic over his career and expects the oilpatch will come out of the latest downturn in reasonably good shape."There's a tremendous need to build irrespective of the price of the commodity [Read more]
Hawk Announces Operational Update, First Half 2015 Budget and Updated Corporate Presentation
CALGARY, Dec. 17, 2014 /CNW/ - Hawk Exploration Ltd. ("Hawk" or the "Corporation") is pleased to announce an operational update and provide guidance on the Corporation's 2015 capital budget. Operational Update Hawk drilled three (3.0 net) oil wells in western Saskatchewan in the fourth quarter of 2014 all of which are now currently on production. At Rush Lake, the Corporation drilled one (1.0 net) slant well in the fourth quarter of 2014 which encountered oil pay in the Waseca and Sparky/GP [Read more]
Enerplus Announces 2015 Guidance: Reduced Spending, Continued Financial Flexibility and Restrained Growth
This news release includes forward-looking statements and information within the meaning of applicable securities laws. Readers are advised to review the "Forward-Looking Information and Statements" at the conclusion of this news release. For information regarding the presentation of certain information in this news release, see "Currency, BOE and Operational Information" at the conclusion of this news release. CALGARY, Dec. 17, 2014 /CNW/ - Enerplus Corporation ("Enerplus") (TSX: ERF) [Read more]
Valparaiso Energy Inc. announces resignation of Director
CALGARY, Dec. 17, 2014 /CNW/ - Effective as at December 17, 2014, Valparaiso Energy Inc. (the "Corporation") (VPO.H) announces the resignation of Anthony D. Milewski Jr. as a Director of the Corporation. The Corporation thanks Mr. Milewski for his service in this role. [Read more]
Legacy Oil + Gas Inc. Announces 2015 Sustainability Budget and Production Guidance
CALGARY, Dec. 17, 2014 /CNW/ - Legacy Oil + Gas Inc. ("Legacy" or the "Company") is pleased to announce its capital and operating budget and associated production guidance for 2015. In the current environment of low oil prices, the Company is focusing on capital preservation and maintaining liquidity under reduced cash flows by reducing discretionary spending and high grading opportunities. The budget sustains production and accomplishes the strategic objective of progressing and accelerating [Read more]
New York plans to prohibit fracking, citing health issues, dubious economic benefits
ALBANY, N.Y. - Handing environmentalists a breakthrough victory, New York plans to prohibit fracking for natural gas because of what regulators say are its unexplored health risks and dubious economic benefits.New York, which overlies part of the gas-rich Marcellus Shale formation that has led to a drilling boom in Pennsylvania and other nearby states, has banned shale gas development since 2008, when the state began an environmental review of the drilling technique also known as hydraulic [Read more]
B.C. gives five northern First Nations cash to study LNG-related employment
FORT ST. JOHN, B.C. - The B.C. government is giving money to a group of five First Nations to study liquefied natural gas-related job opportunities.The province says the Treaty 8 Tribal Association will get nearly $134,000 for a labour market study that will culminate in a report to be released next year.The project is expected to take 43 weeks and involve a consultant working with the First Nations to look at what skills are needed for future jobs in economic development including LNG.Peace [Read more]
MEG Energy Revises 2015 Capital Plan While Maintaining Its 19% Production Growth Target
CALGARY, ALBERTA--(Marketwired - Dec. 17, 2014) - All dollar amounts in $Cdn unless otherwise noted. MEG Energy (TSX:MEG) today announced a reduction to its 2015 capital program to $305 million from the original $1.2 billion budget. Previously released 2015 guidance remains unchanged, targeting a production increase of approximately 19% to 78,000 to 82,000 barrels per day at non-energy operating costs of $8 to $10 per barrel. "The revision of our 2015 capital investment plan is in [Read more]
Quattro Completes Two Divestitures of Minor Interests Recording a Net Gain of $417,000
CALGARY, Alberta, Dec. 17, 2014 (GLOBE NEWSWIRE) -- Quattro Exploration and Production Ltd. (TSX-V:QXP) ("Quattro" or the "Company") is pleased to report the completion of two divestitures resulting in total net Gains on Sales of $417,000. In two separate transactions the Company sold a total of 38 boe/d (25% oil and liquids) valued at $1,708,900 or $44,950 per flowing boe. The effective date for these divestitures was November 1st, and December 1st, 2014 with both transactions closing on or [Read more]