226,000 gross acres amenable to SAGD recovery Acreage is near Imperial's Corner lease holdings Transaction subject to federal Competition Bureau review CALGARY, Aug. 8, 2013 /CNW/ - Imperial Oil and ExxonMobil Canada have acquired ConocoPhillips' interest in the Clyden oil sands lease, 150 kilometres south of Fort McMurray, Alberta. The Clyden lease is near Imperial's Corner lease holdings and contains 226,000 gross acres amenable to the in-situ recovery technique called Steam-Assisted [Read more]
News
Penn West Exploration Announces its Financial Results for the Second Quarter Ended June 30, 2013
CALGARY, Aug. 8, 2013 /CNW/ - PENN WEST PETROLEUM LTD. (TSX - PWT; NYSE - PWE) ("PENN WEST" or the "COMPANY") is pleased to announce its results for the second quarter ended June 30, 2013. All figures are in Canadian dollars unless otherwise stated. Three months ended June 30 Six months ended June 30 2013 2012 % change 2013 2012 % change Financial (millions, except per share [Read more]
Bellatrix Exploration Ltd. Announces Second Quarter 2013 Financial Results
CALGARY, Aug. 8, 2013 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE MKT: BXE) announces its financial and operating results for the three and six months ended June 30, 2013. Forward-Looking Statements This press release, including the report to shareholders, contains forward-looking statements. Please refer to our cautionary language on forward-looking statements and the other matters set forth at the beginning of the management's discussion and analysis (the [Read more]
Penn West Exploration Announces Results of Contingent Resources Studies
CALGARY, Aug. 7, 2013 /CNW/ - PENN WEST PETROLEUM LTD. (TSX - PWT; NYSE - PWE) ("PENN WEST" or the "Company") is pleased to announce the results of contingent and prospective resource studies (the "Resource Reports") recently completed by an independent qualified reserves evaluator on behalf of the Company, covering the Company's interests in the Slave Point, Viking, Waskada, Swan Hills and Cardium. The Resource Reports further substantiate Penn West's ongoing assessment of the oil resources [Read more]
Canadian Natural Resources Limited Announces 2013 Second Quarter Results
CALGARY, ALBERTA--(Marketwired - Aug. 8, 2013) - Canadian Natural Resources Limited (TSX:CNQ) (NYSE:CNQ) "Canadian Natural achieved in the second quarter of 2013 strong quarterly production from our balanced and diverse asset base," commented Steve Laut, President of Canadian Natural. "On a per barrel of oil equivalent basis, our overall Exploration and Production operating costs decreased from last quarter resulting in excellent overall netbacks. This, along with strong WTI [Read more]
Santonia Announces Second Quarter 2013 Results
CALGARY, ALBERTA--(Marketwired - Aug. 8, 2013) - Santonia (TSX:STE) is pleased to provide this summary of its financial and operating results for the second quarter and first half of 2013. A complete copy of the Company's consolidated interim financial statements for the three and six months ended June 30, 2013, along with management's discussion and analysis in respect thereof will be filed on SEDAR and is available on the Company's website at www.santoniaenergy.com. [Read more]
Crescent Point Energy Corp. Announces Second Quarter 2013 Results and Upwardly Revised 2013 Guidance for Production and Funds Flow from Operations
CALGARY, ALBERTA--(Marketwired - Aug. 8, 2013) - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX:CPG) is pleased to announce its operating and financial results for the quarter ended June 30, 2013. The Company also announces that its unaudited financial statements and management's discussion and analysis for the quarter ended June 30, 2013, will be available on the System for Electronic Document Analysis and Retrieval ("SEDAR") at www.sedar.com and on Crescent Point's [Read more]
Kelt Reports Financial and Operating Results for the Three and Six Months Ended June 30, 2013
CALGARY, ALBERTA--(Marketwired - Aug. 8, 2013) - Kelt Exploration Ltd. ("Kelt" or the "Company") (TSX:KEL) has released its financial and operating results for the three and six months ended June 30, 2013. Summary of financial results are as follows: (CA$ thousands, except as otherwise indicated) Three months ended June 30, 2013 [Read more]
Strata Oil Reaches 887 Million Recoverable Barrels
CALGARY, ALBERTA--(Marketwired - Aug. 8, 2013) - Strata Oil & Gas Inc. ("Strata" or the "Company") (OTCQB:SOIGF)(OTCBB:SOIGF), announced at the end of May 2013 the completion of its 51-101 compliant Technical Resource Evaluation of the 22 sections (approximately 14,080 acres) of its 100%-owned Cadotte West holdings in the Peace River oil sands. This resource evaluation added 1.4 billion barrels of Petroleum-Initially-In-Place (PIIP as per COGE Handbook definition) to Strata's present resource [Read more]
Lightstream Announces Second Quarter Production of 46,045 boepd and Funds Flow from Operations of $168 Million
CALGARY, ALBERTA--(Marketwired - Aug. 7, 2013) - Lightstream Resources Ltd. (the "Company" or "Lightstream") (TSX:LTS) is pleased to announce our second quarter financial and operating results and to update our 2013 guidance. SECOND QUARTER FINANCIAL & OPERATING HIGHLIGHTS Second quarter production averaged 46,045 barrels of oil equivalent per day ("boepd") (82% light oil and liquids), a decrease of 6% from the first quarter of 2013 and an increase of 19% [Read more]