CALGARY, ALBERTA--(Marketwired - March 21, 2014) - Rock Energy Inc. (TSX: RE) ("Rock" or the "Company") is pleased to report its financial and operating results for the year and three months ended December 31, 2013. Rock has filed its Annual Information Form (AIF), which includes Rock's reserves data and other oil and natural gas information for the year ended December 31, 2013. The AIF includes annual disclosure regarding reserves data and other oil and gas information as mandated by National [Read more]
News
Oil rises above $99 a barrel after US, EU expand sanctions against Russia
The price of oil rose above US$99 a barrel Friday as the United States and the European Union expanded sanctions against Russia and warned of possible penalties against its energy industry.Benchmark West Texas Intermediate crude for May delivery rose 56 cents at settle at US$99.46 a barrel on the New York Mercantile Exchange. The day before, it had dropped 27 cents.Sanctions in response to Russia's annexation of the Crimean peninsula from Ukraine grew to include a bank and 20 individuals [Read more]
Desmarais Updates Activity, Appoints CFO
CALGARY, March 21, 2014 /CNW/ - Desmarais Energy Corporation (TSXV: DES) (the "Corporation" or "Desmarais") announces that a farm-out horizontal well in the Virginia Hills area of west central Alberta, was completed in the Beaverhill Lake formation early in Q4 2013 with a multi-stage acid fracture stimulation. It has been producing light, sweet crude oil since mid-November. Variable rates have been achieved of approximately 14 - 19 m3/ day or 90 to 120 bopd. Desmarais has a 5% before payout [Read more]
Spectra Energy’s Westcoast Connector Gas Transmission Project Submits Environmental Assessment Certificate Application
Reflects early local input into project design and commitment to British Columbia benefits VANCOUVER, March 21, 2014 /CNW/ - Today, Spectra Energy Corp (NYSE: SE) announced the submission of an Environmental ASSESSMENT Certificate Application (Application) for its Westcoast Connector Gas Transmission Project to the BC Environmental Assessment Office (BC EAO). The Application includes detailed descriptions of Project elements, summaries of studies conducted to assess baseline environmental, [Read more]
Yoho Announces Disposition of Common Shares of Storm Resources
CALGARY, ALBERTA--(Marketwired - March 21, 2014) - Yoho Resources Inc. ("Yoho" or the "Company") (TSX VENTURE:YO) announces that as a result of a plan of arrangement (the "Arrangement") completed pursuant to the provisions of the Business Corporations Act (Alberta) on March 20, 2014, Yoho and Yoho's direct and indirect wholly-owned subsidiary, Yoho Resources Partnership (the "Partnership"), have disposed of an aggregate of 13,629,442 common shares ("Storm Shares") in the capital of Storm [Read more]
Goldboro LNG export facility receives environmental assessment approval
HALIFAX, March 21, 2014 /CNW/ - Pieridae Energy (Canada) Ltd. ("Pieridae") is pleased to announce that the Honourable Randy Delorey, Minister of Environment for the Province of Nova Scotia, has issued environmental assessment (EA) approval, with conditions, for company's proposed Goldboro LNG project. Goldboro LNG consists of a liquefied natural gas (LNG) processing plant and facilities for the storage and export of LNG, including a marine jetty. In a letter to Pieridae, Minister Delorey stated, [Read more]
Oil falls to near $98 a barrel as dollar strengthens, maintenance crimps refinery demand
The price of oil extended losses Friday as seasonal maintenance of refineries crimps U.S. demand and a stronger dollar makes the commodity more expensive. Benchmark U.S. crude for May delivery was down 58 cents at $98.32 a barrel at 0610 GMT in electronic trading on the New York Mercantile Exchange. The contract dropped 27 cents to settle Thursday at $98.90. Traders have zoomed in on data showing that U.S. crude supplies rose by nearly 6 million barrels in the week ended March 14. Oil [Read more]
Laricina Energy Ltd. issues $150 million Senior Secured Notes to CPPIB Credit Investments Inc., and provides Operational Update
Laricina Energy Ltd. (“Laricina”) advises shareholders that it has completed the issuance to CPPIB Credit Investments Inc. (“CII”), a wholly-owned subsidiary of CPP Investment Board (“CPPIB”), of $150 million in 11.5% senior secured notes with a four year term (the “Notes”) pursuant to a trust indenture. “CPPIB has been a strategic financial investor in Laricina since its initial equity investment in 2010,” said Glen Schmidt, President and Chief Executive Officer of Laricina. “They are our [Read more]
Pine Cliff Energy Ltd. Announces Year-End and Fourth Quarter 2013 Results
CALGARY, ALBERTA--(Marketwired - March 20, 2014) - Pine Cliff Energy Ltd. ("Pine Cliff" or the "Company") (TSX VENTURE:PNE) is pleased to announce its year-end and fourth quarter financial and operating results. Selected highlights are shown below and should be read in conjunction with the Company's annual condensed consolidated financial statements and the related management's discussion and analysis for the three months and year ended December 31, 2013 (the "2013 Report"). The 2013 year was [Read more]
Marquee Energy Ltd. announces significant increase in reserves, along with fourth quarter and year-end 2013 operating and financial results
CALGARY, March 20, 2014 /CNW/ - Marquee Energy Ltd. ("Marquee" or the "Company") (TSXV: "MQL") is pleased to announce its 2013 year-end oil and natural gas reserves, along with its fourth quarter 2013 operating and financial results. The Company's consolidated financial statements as at December 31, 2013 and for the year then ended and management's discussion and analysis for the three months and year ended December 31, 2013 are available on SEDAR at www.sedar.com and on Marquee's website at [Read more]