CALGARY, ALBERTA--(Marketwired - May 13, 2014) - Chinook Energy Inc. ("our", "we", "us" or "Chinook") (TSX:CKE) is pleased to announce its first quarter financial and operating results as well as provide an operational update. Operational and financial highlights for the three months ended March 31, 2014 are noted below and should be read in conjunction with our condensed consolidated financial statements for the three months ended March 31, 2014 and 2013 and related management's discussion [Read more]
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Cequence Energy Announces First Quarter 2014 Results
CALGARY, May 13, 2014 /CNW/ - Cequence Energy Ltd. ("Cequence" or the "Company") (TSX: CQE) is pleased to announce the financial and operating results for the first quarter of 2014. The following are Cequence's financial and operating highlights for the first quarter of 2014: Increased funds flow from operations by 117 percent from the prior year to $23.1 million on the strength of higher production and increased natural gas prices; Corporate operating netbacks increased 62 percent from [Read more]
With pipeline decision looming, Ottawa tweaks tanker safety rules
VANCOUVER - With a decision expected next month on the contentious Northern Gateway pipeline through British Columbia, the federal government announced new measures Tuesday to strengthen its oil-spill response regime and placate a reluctant public.Those changes include removing a $161-million cap on payouts from a national oil spill compensation fund and making the entire $400-million fund available to cover the costs of a marine spill."With these changes, Canada will have the most robust and [Read more]
Painted Pony Petroleum Announces Increased Production and Capital Budget, Increased Credit Facilities and First Quarter 2014 Financial and Operating Results
CALGARY, ALBERTA--(Marketwired - May 13, 2014) - Painted Pony Petroleum Ltd. ("Painted Pony" or the "Company") (TSX:PPY) is pleased to present its first quarter 2014 financial and operating results. In addition, Painted Pony announces an increase to its 2014 production forecast based on recent Montney natural gas well performance. The Company is also increasing its 2014 capital program in response to the improved outlook for natural gas prices combined with the forecast production increase. [Read more]
NuVista Energy Ltd. Announces First Quarter 2014 Results
CALGARY, ALBERTA--(Marketwired - May 13, 2014) - NuVista Energy Ltd. ("NuVista") (TSX:NVA) is pleased to announce results for the three months ended March 31, 2014 and provide an update on its future business plans. The first quarter has been an active one with record exploration and development spending for NuVista, and one where our key objectives have been advanced materially. Our first quarter drilling was focused mainly upon development of the condensate-rich Bilbo (South) block in [Read more]
Twin Butte Energy announces 2014 first quarter financial and operating results and provides an operational update
CALGARY, May 13, 2014 /CNW/ - (TSX: TBE) – Twin Butte Energy Ltd. ("Twin Butte" or the "Company") is pleased to report its financial and operational results for the three months ended March 31, 2014. Highlights of Twin Butte's successful first quarter 2014 are as follows: Record average first quarter production of 22,529 boe/d which is up by 31% from first quarter 2013 while increasing the oil and liquids weighting to 91% from 87%. Record first quarter funds flow of $51.4 million, or [Read more]
BP shoots seismic off Nova Scotia; aims for exploration well in 2017: president
HALIFAX - BP Canada is aiming to have an exploration well in deep waters off the coast of Nova Scotia by 2017 if offshore seismic work goes well, the company's president said Tuesday.Stephen Willis spoke after touring a seismic vessel in Halifax that is preparing to steam to the company's holdings about 300 kilometres southeast of the city on the Scotian shelf.The effort is part of a $1-billion exploration commitment BP has made in the province as the firm searches for hydrocarbons in its [Read more]
Yangarra Announces First Quarter 2014 Financial and Operating Results
CALGARY, May 13, 2014 /CNW/ - Yangarra Resources Ltd. ("Yangarra" or the "Company") (TSXV:YGR) announces its financial and operating results for the three months ended March 31, 2014. First Quarter Highlights Production was 2,796 boe/d (53% oil and NGL's), a 55% increase from the same period in 2013. Oil and gas sales including royalty income were $16.0 million with funds flow from operations of $10.5 million ($0.07 per share - basic). This was a 132% and 119% increase from the same [Read more]
Sweetheart offers to Nebraska landowners now expired, says TransCanada
WASHINGTON - The company behind the Keystone XL pipeline has a message for Nebraska landowners resisting the project: the sweet financial offers are going, going, gone. TransCanada Corp. says today is the deadline for holdout landowners to sign easement deals allowing the pipeline onto their property — and any deals they make in the future will be less generous. That announcement comes as the pipeline battle enters a new phase. Until now, offers to landowners have been skyrocketing, but [Read more]
Encana CEO says Deep Panuke “rocked” in Q1, not shopping platform around
CALGARY - Encana Corp. says it's not actively shopping around its Deep Panuke natural gas project in Nova Scotia — an asset CEO Doug Suttles said "rocked" during the first quarter.After repeated delays, the platform finally started producing gas in December — just in time for unusually frigid temperatures to drive up demand in the northeastern United States for the home-heating fuel.However, the offshore platform, 250 kilometres southeast of Halifax, is not among the half dozen core areas where [Read more]