CALGARY, ALBERTA--(Marketwired - March 19, 2014) - Spartan Energy Corp. (TSX VENTURE:SPE) ("Spartan" or the "Corporation") is pleased to announce the completion of its previously announced rights offering to shareholders of Spartan (the "Rights Offering"). Under the rights offering, holders of common shares of Spartan ("Common Shares") subscribed for and purchased an aggregate of 2,153,633 Common Shares at a price of $0.60 per Common Share (after taking into account the effects of the [Read more]
News
Delphi Energy Reports 2013 Year End Results
CALGARY, ALBERTA--(Marketwired - March 19, 2014) - Delphi Energy Corp. (TSX:DEE) ("Delphi" or the "Company") is pleased to announce its financial and operational results for the year ended December 31, 2013. 2013 Highlights Produced an average of 8,241 barrels of oil equivalent per day ("boe/d") in 2013, unchanged from 8,276 boe/d in 2012 with average production of 8,988 boe/d in the fourth quarter of 2013, up 24 percent from average production of 7,229 boe/d in the fourth quarter of [Read more]
Connacher Announces Q4 2013 and 2013 Year End Results
CALGARY, March 19, 2014 /CNW/ - Connacher Oil and Gas Limited (CLL - TSX; "Connacher" or the "Company") today released its financial and operating results for 2013, a summary of which is set out below (all amounts are in Canadian dollars unless otherwise noted). The quarterly conference call and annual general meeting details are provided below. The Company's consolidated annual financial statements for the year ended December 31, 2013 and the related management's discussion and analysis of the [Read more]
Oil rises above US$100 as Energy Department data shows fuel demand improving
The price of oil rose above US$100 a barrel for the first time in a week Wednesday on signs of increased demand for petroleum products.Benchmark West Texas Intermediate crude for April delivery gained 67 cents to close at US$100.37 a barrel on the New York Mercantile Exchange. The April contract expires Thursday and the more heavily-traded May contract rose 29 cents to US$99.17.The Energy Department said that demand for gasoline rose 1.5 per cent over the four-week period ended March 14, [Read more]
RMP Energy Provides Fiscal 2013 Results and Year-End Reserves and Announces Ante Creek Step-Out Drilling Success
CALGARY, ALBERTA--(Marketwired - March 19, 2014) - RMP Energy Inc. ("RMP" or the "Company") (TSX:RMP) is pleased to announce for the year ended December 31, 2013 reported funds from operations of $78.6 million ($0.72 per basic share) on revenue of $136.1 million and average daily production of 6,872 barrels of oil equivalent (53% light oil and NGLs weighted). Detailed results are as follows: Financial Results Fourth Quarterly Summary Yearly Summary (thousands except share and [Read more]
Strategic Oil & Gas Ltd. Announces Amendment to Private Placement Terms
CALGARY, ALBERTA--(Marketwired - March 19, 2014) - Strategic Oil & Gas Ltd. ("Strategic" or the "Company") (TSX VENTURE:SOG) announces that the Company has reduced the subscription price in respect of its previously announced Private Placements, from $0.54 to $0.50 per common share. The aggregate gross proceeds from the Private Placements remain unchanged at up to $50,000,000. [Read more]
Athabasca to update 2014 budget, says close to finding Duvernay partner
CALGARY - Athabasca Oil Corp. says it expects to table an updated 2014 capital budget in July, once there's a resolution to most of the uncertainty that's been dogging the oilsands developer and light oil producer.Calgary-based Athabasca (TSX:ATH) aims to announce a joint-venture deal for its holdings in Alberta's Duvernay shale around that time, after prospective partners have had a chance to look over new test results on four wells in the region.And with most hurdles cleared in Athabasca's [Read more]
Exall Energy Corporation announces results for the three months and year ended December 31, 2013
CALGARY, March 19, 2014 /CNW Telbec/ - Exall Energy Corporation ("Exall" or the "Company") (TSX:EE and TSX:EE.DB) is pleased to announce its financial and operating results for the three months and fiscal year ended December 31, 2013, and that it has filed its Annual Information Form which contains reserves data and other oil and gas information required by Section 2.1 of NI 51-101. Exall's annual filings can all be found at www.exall.com or www.sedar.com. Exall's fiscal 2013 production [Read more]
Hemisphere Energy Provides Atlee Buffalo Operations Update
VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 19, 2014) - Hemisphere Energy Corporation (TSX VENTURE:HME) is pleased to provide an update on operations in its Atlee Buffalo property in southeast Alberta. Hemisphere's first horizontal well in Atlee Buffalo was drilled in January 2014 and targeted the oil-bearing Glauconitic sandstones within the Mannville Group. The well has been on production for over 30 days at an average pumping rate of approximately 100 barrels of oil per day with a 2% [Read more]
New BOE Report industry activity map is set to revolutionize the oil and gas industry
CALGARY - Canada's fastest growing oil and gas news website has launched a new industry activity map that is set to revolutionize the industry's access to information. The creators of BOEReport.com have made a fully filterable display of all wells, licenced and spudded, in western Canada since 2010--and they did it for the best price: free! The map gives users the ability to filter several different criteria to limit wells. Using the BOE Report's Industry Activity Map users can quickly search [Read more]