CALGARY, ALBERTA--(Marketwired - March 30, 2014) - Husky Energy (TSX:HSE) and CNOOC Limited have commenced first production at the landmark Liwan Gas Project in the South China Sea. "Liwan is Husky's largest project to date and places us inside the door of one of the fastest growing energy markets in the world," said CEO Asim Ghosh. "It was a massive undertaking and is a great achievement for deepwater gas production in the Asia Pacific Region." Located approximately 300 kilometres [Read more]
News
Donnycreek Announces Second Quarter Results & Provides Kakwa and Wapiti Field Operations Update
CALGARY, ALBERTA--(Marketwired - March 28, 2014) - Donnycreek Energy Inc. ("Donnycreek" or the "Company") (TSX VENTURE:DCK) reports that it has filed its condensed interim financial statements and related Management's Discussion and Analysis ("MD&A") for the three and six months ended January 31, 2014 with 2013 comparatives on SEDAR. Selected financial and operational information is outlined below and should be read in conjunction with Donnycreek's condensed interim financial statements for [Read more]
Northern Gateway pros and cons being debated on doorsteps in Kitimat, B.C.
KITIMAT, B.C. - A battle over the proposed Enbridge Northern Gateway Pipeline has reached the doorsteps of residents in Kitimat, B.C. A plebiscite to gauge community support for the $6-billion dollar project will be held in the Central Coast municipality on April 12, following two days of advance voting, April 2 and 9. Supporters and opponents are working hard to get their message out, with both sides using multi-media campaigns, in addition to door-to-door canvassing. Enbridge [Read more]
Oil up to $102 a barrel on Nigeria supply woes, growing demand with US recovery
The price of oil rose above US$102 a barrel Friday amid signs of stronger economic growth in the U.S. and possible disruptions to Nigerian crude exports.By mid-afternoon in Europe, benchmark U.S. crude for May delivery was up 84 cents to $102.12 a barrel in electronic trading on the New York Mercantile Exchange. The Nymex contract gained $1.02 to $101.28 on Thursday.Concerns are growing in energy markets about supply from Nigeria, which produces about 2.5 million barrels of oil daily, after [Read more]
Tuscany Reports Increased Production, Revenues and Cash Flow for 2013
CALGARY, ALBERTA--(Marketwired - March 28, 2014) - Tuscany Energy Ltd. (TSX VENTURE:TUS) is pleased to report improved operating results for 2013, with especially positive results for the last quarter ended December 31, 2013. Increased production volumes, revenues and cash flow resulted from the acquisition of Diaz Resources Ltd, effective July 15, 2013, and the drilling of heavy oil development wells during the last half of the year. Corporate Summary Three months [Read more]
Gear Energy Ltd. Announces Closing of $63.5 Million Bought Deal Equity Financing
CALGARY, ALBERTA--(Marketwired - March 28, 2014) - Gear Energy Ltd. ("Gear" or the "Company") (TSX:GXE) is pleased to announce that it has closed its previously announced bought deal offering of common shares of Gear ("Common Shares"). Pursuant to the offering, the Company issued 15,875,000 Common Shares (including an upsize of 1,500,000 Common Shares from the original offering and 1,875,000 Common Shares issued pursuant to the exercise in full of the over-allotment option granted to the [Read more]
Questerre Targets Production of 6,000 Boe/d by Mid-Late 2015
CALGARY, ALBERTA--(Marketwired - March 28, 2014) - Questerre Energy Corporation ("Questerre" or the "Company") (TSX:QEC)(OSLO:QEC) reported today on its financial and operating results for the year ended December 31, 2013. Michael Binnion, President and Chief Executive Officer, commented, "We had a very good year focused on building our new core area in the Montney. Following our discovery well in mid-2012, we aggressively acquired a land position to give us the scale needed for development. [Read more]
Longview Announces 2013 Year End Financial Results and Independent Reserve Report
CALGARY, March 27, 2014 /CNW/ - Longview Oil Corp. ("Longview" or the "Corporation") (TSX: LNV) announces the financial and operating results for the year ended December 31, 2013 and the accompanying reserves as of December 31, 2013. Three months ended Year ended December 31, December 31, 2013 2012 2013 2012 Financial ($000, except as otherwise indicated) [Read more]
Cardinal Energy Ltd. 2013 Year End Reserves Results and Drilling Update
CALGARY, ALBERTA--(Marketwired - March 27, 2014) - Cardinal Energy Ltd. ("Cardinal" or the "Company") (TSX:CJ) is pleased to report its year end 2013 reserves results and to provide an update of the production results from its first two horizontal wells in Bantry. Reserve Highlights Year over year, proved developed producing reserves increased to 12,500 Mboe (86% oil) an increase of 67% per fully diluted share. Total proved reserves increased to 13,748 Mboe (86% oil) or 79% per fully [Read more]
Advantage Announces 2013 Year End Financial & Operating Results and Glacier Operational Update
CALGARY, March 27, 2014 /CNW/ - Advantage Oil & Gas Ltd. ("Advantage" or the "Corporation") is pleased to report the unconsolidated financial and operating results (excludes Longview Oil Corp.) for the three months and year ended December 31, 2013. Advantage's remaining non-core assets which had a production rate of approximately 5,600 boe/d were divested on April 30, 2013. As a result, financial and operating results during the second half of 2013 are more representative of our industry [Read more]