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]
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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]
Safety investigators looking into fire that closes down Deep Panuke gas well
HALIFAX - An electrical fire on the Deep Panuke natural gas platform off Nova Scotia is being investigated by the regulator for the offshore oil and gas industry.The platform has stopped operations while Encana (TSX:ECA) and the Canada-Nova Scotia Offshore Petroleum Board investigate the cause of the fire.Board spokeswoman Kathleen Funke said a transformer caught fire on Sunday evening and a sprinkler system extinguished the blaze.The platform operated by Dutch-based SBM Offshore had an [Read more]
Tuscany Energy Ltd. Cases Oil Discovery at Rutland, Saskatchewan
CALGARY, ALBERTA--(Marketwired - Aug. 6, 2014) - Tuscany Energy Ltd. ("Tuscany") (TSX VENTURE:TUS) is pleased to announce that it has completed drilling a new oil pool discovery well on its Rutland prospect, West Central Saskatchewan. The horizontal well, located at 91/13-34-40-25W3M, encountered over 500 metres of porous oil saturated Dina sand, and slotted liner has been run over the potential pay section. Production equipment will be installed at the well site this week and the well is [Read more]
Redford resigns from Calgary seat, says mistakes were made
CALGARY - A media report says former Alberta premier Alison Redford has resigned her seat as member of the provincial legislature for Calgary-Elbow, effective immediately. In an opinion article written for Postmedia News, Redford says mistakes were made and that she accepts responsibility for all the decisions she has made. Redford also made brief mention of the energy industry: "I had hoped to have more time to do more of what I promised Albertans...a single regulator and sustainable [Read more]
Athabasca Oil Corporation Reports Second Quarter 2014 Financial and Operating Results
CALGARY, Aug. 6, 2014 /CNW/ - Athabasca Oil Corporation (TSX: ATH) ("Athabasca" or "the Company") is pleased to report its second quarter 2014 financial and operating results. Second quarter highlights: produced an average of 5,767 barrels of oil equivalent per day ("boe/d") with 52% liquids, in line with guidance of 5,500 to 6,000 boe/d; obtained extended production results from two additional Duvernay wells at Kaybob West; 8-29-64-20W5 had an established 30-day restricted rate of 784 [Read more]
Bellatrix Exploration Ltd. Announces Second Quarter 2014 Financial Results
CALGARY, Aug. 6, 2014 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE MKT: BXE) announces its financial and operating results for the three and six months ended June 30, 2014. Forward-Looking Statements This press release, including the report to shareholders, contains forward-looking statements. Please refer to our cautionary language on forward-looking statements and the other matters set forth at the beginning of the management's discussion and analysis (the [Read more]
BlackPearl Announces Second Quarter 2014 Financial and Operating Results
CALGARY, ALBERTA--(Marketwired - Aug. 5, 2014) - BlackPearl Resources Inc. ("BlackPearl" or the "Company") (TSX:PXX)(OMX:PXXS) is pleased to announce its financial and operating results for the three and six months ended June 30, 2014. Second quarter highlights include: Higher oil prices and narrower heavy oil differentials contributed to a 7% increase in revenues to $62.2 million compared to Q2 2013; for the first half of 2014 revenues increased 23% to $121.7 million; Funds flow from [Read more]