CALGARY, Aug. 29, 2014 /CNW/ - Ironhorse Oil & Gas Inc. ("Ironhorse" or the "Company") (TSX-V: IOG) announces its financial and operating results for the three and six months ended June 30, 2014 and provides an operational update on activities to date this year as well as an outlook for the remainder of 2014. Financial and Operation Summary The Company's working capital position has remained strong at $2.3 million at June 30, 2014, compared with $2.2 million at March 31, 2014. Although [Read more]
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Hawk announces closing of asset acquisition
CALGARY, Aug. 29, 2014 /CNW/ - Hawk Exploration Ltd. ("Hawk" or the "Corporation") announces today that it has closed its previously announced acquisition of certain petroleum and natural gas assets in the plains region of Alberta and Saskatchewan from TriHawk Energy Ltd. and certain other parties. About Hawk Hawk is an emerging exploration company engaged in the exploration, development and production of conventional crude oil and natural gas in western Canada and is based in Calgary, [Read more]
Athabasca Oil Corporation Announces Closing of the Dover Transaction
CALGARY, Aug. 29, 2014 /CNW/ - Athabasca Oil Corporation (TSX: ATH) ("Athabasca" or "the Company") announces that it has closed the sale of its 40% interest in the Dover oil sands project to Phoenix Energy Holdings Limited ("Phoenix"), a wholly owned subsidiary of PetroChina International Investment Limited, for net proceeds of $1,184 million. At closing, Athabasca received a cash payment of $600 million, in addition to three interest bearing promissory notes (the "Promissory Notes") issued by [Read more]
Premiers close to agreeing on outline of energy deal: Northwest Territories
CHARLOTTETOWN - Quebec's rookie premier, Philippe Couillard, made his presence felt at his first meeting with Canada's other premiers, agreeing Friday to have his province join in the development of a national energy strategy that had been stalled by a previous separatist government.Couillard, among 13 provincial and territorial leaders attending an annual meeting in Charlottetown, said at the conclusion of the conference that he had concerns about joining the Canadian Energy Strategy, which has [Read more]
Elkwater Resources Ltd. Announces Second Quarter Financial and Operating Results
CALGARY, ALBERTA--(Marketwired - Aug. 28, 2014) - Elkwater Resources Ltd. (TSX VENTURE:ELW) ("Elkwater" or the "Corporation") has filed on SEDAR its unaudited condensed interim financial statements and related management's discussion and analysis ("MD&A") for the three and six months ended June 30, 2014. The financial statements and MD&A will be available for review on SEDAR at www.sedar.com. On July 9, 2014, the Corporation completed a non-brokered private placement for aggregate [Read more]
Manitok Energy Inc. Announces Financial Results for the Second Quarter of 2014, an Operational Update at Entice and Stolberg, and 2014 Guidance Update
CALGARY, ALBERTA--(Marketwired - Aug. 28, 2014) - Manitok Energy Inc. (the "Corporation" or "Manitok") (TSX VENTURE:MEI) announces its financial and operating results for the second quarter of 2014. The full text of Manitok's second quarter report containing its unaudited condensed interim financial statements as at and for the three and six months ended June 30, 2014 and the related management's discussion and analysis are available electronically on Manitok's profile on the System for [Read more]
Trudeau 50 years late on shale gas, New Brunswick Premier David Alward says
CHARLOTTETOWN - Federal Liberal Leader Justin Trudeau is a half century behind when he says there should be greater scientific study before the shale gas industry expands, Premier David Alward said Thursday.Alward leader took an unprompted shot at Trudeau's position at the end of a news conference about a labour mobility agreement with British Columbia."Justin Trudeau is 50 years late," the Progressive Conservative leader said in Charlottetown."The reality is the scientific work has been taking [Read more]
Crew Energy Announces Agreement to Dispose of Princess, Alberta Asset and Expanded Focus on Montney Development
CALGARY, ALBERTA--(Marketwired - Aug. 28, 2014) - Crew Energy Inc. ("Crew" or the "Company") (TSX:CR) of Calgary, Alberta is pleased to announce that it has entered into a purchase and sale agreement to dispose of its Princess, Alberta asset for total cash consideration of $150 million, before customary closing adjustments, allowing the Company to sharpen its focus on the development of its core Montney assets in Northeast British Columbia. Princess Disposition Crew has entered into an [Read more]
Forent Energy-Operational Update & Second Quarter 2014 Results
CALGARY, ALBERTA--(Marketwired - Aug. 28, 2014) - Forent Energy Ltd. (TSX VENTURE:FEN) is pleased to provide an operational update and to announce that it has filed its Interim Financial Statements and MD&A for the three and six months ended June 30, 2014, on SEDAR and its website. Forent has completed its initial infill drilling program in the Twining field with a 100% success rate. All three wells are completed, equipped and on production at this time and within capital expenditure [Read more]
Tuscany Announces Record Financial and Operating Results for the First Six Months, 2014 and Updates Its Saskatchewan Drilling Program
CALGARY, ALBERTA--(Marketwired - Aug. 28, 2014) - Tuscany Energy Ltd. (TSX VENTURE:TUS) is pleased to report record increases in production, revenues and cash flow from operations for the six months ended June 30, 2014, compared to the same period of 2013. For the first half of 2014, Tuscany's revenues totalled $9.0 million compared with $2.9 million in 2013. Cash flow from operations increased to $4.3 million or $0.11 per share, significantly higher than the $0.6 million reported in 2013. Net [Read more]