CALGARY, ALBERTA--(Marketwired - Aug. 7, 2014) - Lightstream Resources Ltd. (the "Company" or "Lightstream") (TSX:LTS) is pleased to announce our second quarter financial and provide operating results and an update to the capital program of 2014. SECOND QUARTER FINANCIAL & OPERATING HIGHLIGHTS Second quarter production averaged 42,513 barrels of oil equivalent per day ("boepd") (80% light oil and liquids), a slight decrease from the first quarter of 2014 due to dispositions and [Read more]
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Canadian Natural Resources Limited Announces 2014 Second Quarter Results
CALGARY, ALBERTA--(Marketwired - Aug. 7, 2014) - Canadian Natural Resources Limited (TSX:CNQ) (NYSE:CNQ) Commenting on second quarter results, Steve Laut, President of Canadian Natural stated, "Canadian Natural's first half of the year was solid. We have effectively executed on our strategy and have grown production both organically and with the successful integration of acquired assets. As a result, Canadian Natural delivered record quarterly total liquids production, which included record [Read more]
Paramount Resources Ltd. Announces Second Quarter 2014 Results and Imminent First Sales from the Musreau Deep Cut Facility
CALGARY, ALBERTA--(Marketwired - Aug. 6, 2014) - Paramount Resources Ltd. (TSX:POU) SECOND QUARTER OVERVIEW Oil and Gas Operations Second quarter sales volumes exceeded guidance, averaging 20,585 Boe/d. Shorter than expected facility downtime in the Kaybob COU enabled new condensate-rich Montney wells to be brought on in place of leaner wells. First sales gas from the Musreau Deep Cut Facility is imminent. The facility is pressurized with natural gas, all of the systems have been [Read more]
Leucrotta Exploration Inc. Announces Completion of Arrangement and Creation of A Montney-Focused Exploration and Production Company
CALGARY, ALBERTA--(Marketwired - Aug. 6, 2014) - Leucrotta Exploration Ltd. ("Leucrotta") is pleased to announce the successful completion of its previously announced plan of arrangement (the "Arrangement") involving Leucrotta, Long Run Exploration Ltd. ("Long Run") and Crocotta Energy Inc. ("Crocotta") under the provisions of the Business Corporations Act (Alberta). Pursuant to the Arrangement, Long Run has acquired all of the issued and outstanding common shares of Crocotta ("Crocotta [Read more]
Long Run Exploration Ltd. and Crocotta Energy Inc. Announce Completion of Arrangement
CALGARY, ALBERTA--(Marketwired - Aug. 6, 2014) - Long Run Exploration Ltd. ("Long Run" or the "Company") (TSX:LRE) and Crocotta Energy Inc. ("Crocotta") (TSX:CTA) are pleased to announce the successful completion of the previously announced acquisition of Crocotta pursuant to a plan of arrangement (the "Arrangement") under the provisions of the Business Corporations Act (Alberta). The Arrangement was approved by greater than a 99% majority of the Crocotta shareholders who voted on the [Read more]
PanTerra closes previously announced acquisition in the Northern Alberta foothills
CALGARY, Aug. 6, 2014 /CNW/ - PanTerra Resource Corp. ("PanTerra" or the "Corporation") (TSX VENTURE: PRC) is pleased to announce that it has closed its previously announced acquisition of certain natural gas assets located in the Western Canadian foothills areas of Copton and Narraway, Alberta, effective June 1, 2014, for a purchase price of $2.4 million, subject to adjustments (the "Acquisition"). The Acquisition adds approximately 120 BOE per day (100% natural gas) of production to the [Read more]
Arsenal Energy Inc. Announces Increase in Quarterly Dividend
CALGARY, ALBERTA--(Marketwired - Aug. 6, 2014) - Arsenal Energy Inc. ("Arsenal") (TSX:AEI)(PINKSHEETS:AEYIF) is pleased to announce that the Board of Directors has declared a 7.7% increase in its quarterly dividend to $0.07 per common share. This increase is the second increase in the dividend so far in 2014 and is consistent with Arsenal's dividend policy of paying out in dividends approximately 10% of trailing quarterly cash flow. The dividend is payable on August 29, 2014 to shareholders of [Read more]
Tourmaline Oil Corp. Announces Record Q2 2014 Financial and Operating Results-Increases Drilling Program and 2014 Exit Production
CALGARY, ALBERTA--(Marketwired - Aug. 6, 2014) - Tourmaline Oil Corp. (TSX:TOU) ("Tourmaline" or the "Company") is pleased to announce record financial and operating results for the first half of 2014. Highlights Record cash flow(1) of $484.1 million during the first six months of 2014, a 97% increase over 1H 2013. Record earnings of $156.3 million in the 1H of 2014, a 90% increase over 1H 2013. Q2 2014 production of 109,953 boepd, up 57% over Q2 2013. 2014 exit production volume of [Read more]
Group says it will continue blockade of Enbridge site indefinitely
INNERKIP, Ont. - The group spearheading a blockade of an Enbridge pipeline construction site in southwestern Ontario is vowing to continue the protest.Some 30 activists began their campaign early Tuesday near Woodstock at the site for the pipeline called Line 9.The blockade dubbed Dam Line 9 is aimed at preventing installation of a valve near River Thames, which the protesters say isn't adequately protected from the risk of a spill.Protest spokeswoman Hannah Batten says the activists will remain [Read more]
Canadian Spirit Resources Inc. Announces Grant of Stock Options
CALGARY, ALBERTA--(Marketwired - Aug. 6, 2014) - Canadian Spirit Resources Inc. ("CSRI" or the "Corporation") (TSX VENTURE:SPI)(OTCBB:CSPUF) announces that the Corporation's Board of Directors has approved a grant of 1,320,000 options to acquire shares of the Corporation in accordance with the terms and conditions of the Corporation's Stock Option Plan. The Corporation has granted J.R. Richard Couillard, recently appointed as President & COO, stock options to acquire 320,000 shares. These [Read more]