CALGARY, Nov. 20, 2013 /CNW/ - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX: WCP) is pleased to announce that it has entered into an arrangement agreement (the "Arrangement Agreement") providing for the acquisition by Whitecap of all the issued and outstanding common shares of a private company ("PrivateCo") for total consideration of 27,535,867 Whitecap common shares (the "Transaction"). Whitecap will also be assuming the working capital surplus of PrivateCo, estimated at $3.0 [Read more]
News
Kallisto Announces Q3 2013 Sedar Filings and Provides Crossfield Update
CALGARY, ALBERTA--(Marketwired - Nov. 20, 2013) - Kallisto Energy Corp. (TSX VENTURE:KEC) ("Kallisto" or the "Company") is pleased to announce it has filed its Condensed Interim Consolidated Financial Statements for the nine months ended September 30, 2013 and the accompanying Management's Discussion and Analysis. These documents are available for viewing under Kallisto's profile at www.sedar.com. At Crossfield, completion and evaluation operations on the 16-26-027-01W5 well commenced on [Read more]
Suncor Energy announces 2014 capital spending plan and production outlook
CALGARY, ALBERTA--(Marketwired - Nov. 20, 2013) - Suncor Energy released its 2014 corporate guidance today, which includes $7.8 billion in capital spending and planned average production of 565,000 to 610,000 barrels of oil equivalent per day. Oil Sands production is expected to increase by over 14 per cent, more than offsetting the reduced production from the North America Onshore business as a result of the natural gas divestiture in 2013. Total oil production year over year is expected to [Read more]
New Mutual Emergency Assistance Agreement for Canadian Pipeline Industry
CALGARY, ALBERTA--(Marketwired - Nov. 20, 2013) - The Canadian Energy Pipeline Association (CEPA) is proud to announce a Mutual Emergency Assistance Agreement (MEAA) between its member companies that will strengthen the existing emergency response process. "This agreement will formalize an already existing practice whereby our member companies can share resources during an emergency," said Brenda Kenny, president and CEO of the Canadian Energy Pipeline Association. "It will allow [Read more]
Questerre Announces Proposed Private Placement
CALGARY, ALBERTA--(Marketwired - Nov. 20, 2013) - THIS NEWS RELEASE IS NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES OF AMERICA TO UNITED STATES NEWSWIRE SERVICES OR UNITED STATES PERSONS Questerre Energy Corporation">Questerre Energy Corporation ("Questerre" or the "Company") (TSX:QEC) (OSLO:QEC) is pleased to announce that it intends to complete a private placement directed towards Norwegian and international institutional investors. The placement will [Read more]
Questfire Energy Corp. Announces 2013 Third Quarter Financial Results
CALGARY, ALBERTA--(Marketwired - Nov. 20, 2013) - NOT FOR DISSEMINATION IN THE UNITED STATES OR TO U.S. PERSONS. Questfire Energy Corp. (the "Corporation" or "Questfire") (TSX VENTURE:Q.A)(TSX VENTURE:Q.B) is pleased to announce that it has filed on SEDAR its unaudited financial statements and related management's discussion and analysis ("MD&A") for the three and nine months ended September 30, 2013. Financial and Operating Highlights [Read more]
Arcan Third Quarter Results on Target; Production Stable and Reserves Independently Verified
CALGARY, ALBERTA--(Marketwired - Nov. 20, 2013) - Arcan Resources Ltd. (TSX VENTURE:ARN) ("Arcan" or the "Corporation") reports that production and reserves remained stable. The third quarter financial metrics illustrate Arcan's progress towards bringing capital spending within cash flow while delivering consistent results. Arcan expects to achieve its 2013 production target of 3,800 to 4,000 barrels of oil equivalent ("BOE") per day and capital spending of $40.8 million, which is in line with [Read more]
CIOC Announces Continued Success of the Company’s Gold Creek Montney Development
CALGARY, ALBERTA--(Marketwired - Nov. 20, 2013) - Canadian International Oil Corp. ("CIOC" or the "Company") is pleased to provide an update on the Company's recent horizontal Montney well results in the Gold Creek area of West Central Alberta. After eight months on production, the Company's first Gold Creek well (12-36-67-4) has produced 270 Mboe, consisting of 113 Mbbls of oil and 945 MMcf of natural gas through the end of October. Encouraged by robust economics, the Company has followed [Read more]
Northern Spirit Resources Inc. Provides Operational Update
CALGARY, ALBERTA--(Marketwired - Nov. 20, 2013) - Northern Spirit Resources Inc. ("Northern Spirit" or the "Company") (TSX VENTURE:NS) is pleased to provide the following operational update. Northern Spirit has 8 net sections (2,048 hectares) of land in the Klein area in East Central Alberta. The Company has executed a successful 2013 drilling program at Klein North and South, having successfully drilled four (2.66 net) wells targeting medium gravity Sparky oil. At Klein North, one net [Read more]
Yangarra Announces Third Quarter 2013 Financial and Operating Results and Provides 2014 Guidance
CALGARY, Nov. 20, 2013 /CNW/ - Yangarra Resources Ltd. ("Yangarra" or the "Company") (TSXV:YGR) announces its financial and operating results for the three and nine months ended September 30, 2013 and provide 2014 guidance. Q3 2013 highlights are as follows: Production averaged 2,238 boe/d (46% oil and NGL's). Operating costs including $1.47/boe of transportation costs were $6.92/boe which represents a 3% decrease from Q2 of 2013. Oil and gas sales including royalty income and realized commodity [Read more]