CALGARY, ALBERTA--(Marketwired - April 16, 2014) - Spartan Energy Corp. ("Spartan" or the "Company") (TSX VENTURE:SPE) is pleased to provide a first quarter operational and drilling update. References to Spartan's operations in this press release include first quarter operations of Renegade Petroleum Ltd., which was acquired by Spartan on March 31, 2014. OPERATIONS UPDATE Spartan was active in the field during the first quarter of 2014, drilling a total of 19 (17.5 net) wells. Of these, 3 [Read more]
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Manitok Energy Inc. Announces Unaudited 2013 Financial and Operating Results, the 2013 Reserves Evaluation and an Operational Update
CALGARY, ALBERTA--(Marketwired - April 15, 2014) - Manitok Energy Inc. (the "Corporation" or "Manitok") (TSX VENTURE:MEI) is pleased to announce its 2013 fourth quarter and year-end unaudited financial and operational results; provide highlights from its 2013 independent Reserves Evaluation and provide an operational update. All financial amounts referred to in this press release are management's best estimates and the year-end financial statements have not yet been audited. The full text of [Read more]
Baytex Supports Regulatory Initiatives on Peace River Oil Production Announced Today by the Alberta Energy Regulator
CALGARY, ALBERTA--(Marketwired - April 15, 2014) - Baytex Energy Corp. ("Baytex") (TSX:BTE)(NYSE:BTE) supports the regulatory initiatives announced today by the Alberta Energy Regulator ("AER") governing heavy oil development in the Peace River region. Baytex welcomed the AER's Public Proceeding held in January into Odours and Emissions from Heavy Oil Operations in the Peace River Area. The AER Panel provided a highly-credible, science-based venue for addressing and finding solutions to a [Read more]
Dejour Sees 60% Increase in Net Production at Woodrush
Further Production Enhancements Planned for 2014 VANCOUVER, British Columbia--(BUSINESS WIRE)--Dejour Energy Inc.: (NYSE MKT: DEJ / TSX: DEJ), an independent oil and gas natural gas exploration and production company operating in North America’s Piceance Basin and Peace River Arch regions, announced today that gross daily production at its Woodrush project in NE British Columbia is currently 540 boepd (380 net), an increase of 60% over average gross daily production during Q4 2013 of [Read more]
Alberta Energy Regulator toughens rules to cut possible effect of gas emissions
CALGARY - Alberta's energy regulator is toughening rules to reduce the potential negative effects of energy industry gas emissions.The new rules will apply to industry practices such as flaring, venting and burning off gas and are to go into effect June 16.Jim Ellis, president of the Alberta Energy Regulator, said the changes will help ensure the safe and environmentally responsible development of energy resources."Revisions to Directive 060 give the AER tools to require gas conservation, [Read more]
TransCanada Closes Sale of Cancarb Limited
CALGARY, ALBERTA--(Marketwired - April 15, 2014) - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) has closed the sale of Cancarb Limited (Cancarb) and its related power generation facility to Tokai Carbon Co., Ltd. for aggregate gross proceeds of $190 million plus customary post-closing adjustments. The agreement to sell Cancarb was initially announced on January 20, 2014. TransCanada expects to realize a gain of approximately $95 million net of tax in its second quarter 2014 [Read more]
Hemisphere Energy Corporation Announces Year-End 2013 Financial Results
VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 15, 2014) - Hemisphere Energy Corporation (TSX VENTURE:HME) ("Hemisphere") is pleased to announce its financial and operating results for the twelve months ended December 31, 2013. As a result of changing the Company's fiscal year-end from February 28 to December 31, Hemisphere's current reporting period is for the twelve months ended December 31, 2013 with comparatives to the ten months ended December 31, 2012. Financial Highlights [Read more]
Traverse Energy Announces 2013 Year End Results
CALGARY, ALBERTA--(Marketwired - April 15, 2014) - Traverse Energy Ltd. ("Traverse" or "the Company") (TSX VENTURE:TVL) presents financial and operating results for the year ended December 31, 2013. Three Months Ended December 31 (unaudited) Year Ended December 31 Highlights 2013 2012 2013 2012 Financial ($ thousands, except per share amounts) Petroleum and natural gas revenue $ 3,341 $ 1,588 $ 10,796 $ 4,600 Royalty [Read more]
Germany’s RWE starts reverse-flow natural gas deliveries to Ukraine
BERLIN - German utility company RWE said Tuesday it has started sending natural gas to Ukraine, a move that could support the country if Russia acts on its threat to cut off supplies because of a massive debt for past deliveries.The reverse-flow deliveries from Germany via Poland are largely symbolic for the moment, but could be ramped up to provide about a fifth of the country's gas needs.Last week, Russian President Vladimir Putin said Ukraine owes Russia $35.4 billion for gas — about 20 times [Read more]
Northern Gateway makes nice with Canadian unions as it works to build support
PRINCE GEORGE, B.C. - Enbridge (TSX:ENB) is aiming to build support for its proposed Alberta-to-B.C. oil pipeline by pledging to bring good jobs, meaty paycheques and ample training opportunities to Canadian workers.A memorandum of understanding has been signed between Northern Gateway Pipelines and trade unions representing pipeline construction employees.Northern Gateway says the MOU promises a minimum of about 2,100 person years of union employment to the Pipe Line Contractors Association of [Read more]