CALGARY, May 28, 2013 /CNW/ - Madalena Ventures Inc. (TSXV: MVN) (the "Company" or "Madalena") is pleased to announce the filing on SEDAR of the unaudited interim consolidated financial statements and related Management's Discussion and Analysis ("MD&A") for the three months ended March 31, 2013. Selected financial and operational information is outlined below and should be read in conjunction with Madalena's unaudited interim consolidated financial statements and related MD&A which are [Read more]
News
Enbridge Announces C$300 Million Preferred Share Offering
CALGARY, ALBERTA--(Marketwired - May 28, 2013) - NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE U.S. Enbridge Inc. (TSX:ENB)(NYSE:ENB) today announced that it has entered into an agreement with a group of underwriters to sell 12 million cumulative redeemable preference shares, series 3 (the "Series 3 Preferred Shares") at a price of C$25.00 per share for distribution to the public. The aggregate gross proceeds will be C$300 million. Closing of the offering is [Read more]
Novus Energy Inc. announces first quarter 2013 results and achieves record production and funds flow
CALGARY, May 28, 2013 /CNW/ - Novus Energy Inc. ("Novus" or the "Company") (TSXV: NVS) announces that it has filed its unaudited condensed interim financial statements and management's discussion and analysis ("MD&A") as at and for the three months ended March 31, 2013. These documents may be accessed through the SEDAR websitewww.sedar.com and at the Company's website www.novusenergy.ca. FINANCIAL HIGHLIGHTS Production revenue for the three months ended March 31, 2013, was $26.85 [Read more]
Renegade Petroleum Ltd. Announces Increase to Credit Facility
CALGARY, ALBERTA--(Marketwired - May 28, 2013) - Renegade Petroleum Ltd. ("Renegade" or the "Company") (TSX VENTURE:RPL), a light oil focused development and production company with assets located in Saskatchewan, Alberta, Manitoba and North Dakota, is pleased to announce that based on the annual borrowing base review, its lenders have agreed to increase the credit facility to $335 million from the previous $325 million. The syndicate of banks is led by National Bank Financial and TD [Read more]
GE aims to improve fracturing
PITTSBURGH (AP) — One of America’s corporate giants is investing billions of dollars in the new boom of oil and gas drilling, or hydraulic fracturing. General Electric Co. is opening a new laboratory in Oklahoma, buying up related companies, and placing a big bet that cutting-edge science will improve profits for clients and reduce the environmental and health effects of the boom. “We like the oil and gas base because we see the need for resources for a long time to come,” said Mark Little, a [Read more]
Donnycreek to Redeem Outstanding 10 Percent Convertible Debentures
CALGARY, ALBERTA--(Marketwired - May 27, 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 Donnycreek Energy Inc. ("Donnycreek" or the "Company") (TSX VENTURE:DCK) reports that it has elected to redeem all of its outstanding ten percent (10%) redeemable, convertible, unsecured debentures due June 15, 2014 ("Convertible Debentures") with such redemption to be effected on June 30, [Read more]
Manitok Energy Inc. Announces Initial Flow Rate of 848 boe/d on its Latest Stolberg Cardium Oil Well
CALGARY, ALBERTA--(Marketwired - May 27, 2013) - Manitok Energy Inc. (the "Corporation" or "Manitok") (TSX VENTURE:MEI) is pleased to provide an update on its 2013 drilling program. The 14th Cardium oil well in Manitok's Stolberg drilling program was recently completed and production tested. The well is the second horizontal well from a planned 4 well pad where Manitok has a 33.3% working interest on each well. After drilling about 550 meters horizontally within the Cardium formation, [Read more]
CAODC Revises 2013 Forecast – May 27, 2013
CALGARY, ALBERTA--(Marketwired - May 27, 2013) - The Canadian Association of Oilwell Drilling Contractors (CAODC) has released its revised 2013 Forecast. The initial 2013 Forecast was released in November 2012. The revised 2013 Forecast includes actual first quarter data and minor adjustments to forecast totals. These adjustments include a 2.3% increase in the projected well count for 2013 - from 10,409 wells to 10,649 wells. First Quarter Actuals From January to March, industry ran an [Read more]
Price of WTI oil falls below $94 per barrel as US oil traders take holiday profit
BANGKOK, Thailand (AP) - The price of oil fell Monday as traders concerned about global energy demand took profits ahead of economic data from China and the United States. Benchmark oil for July delivery was down 59 cents to $93.66 per barrel at late afternoon Bangkok time in electronic trading on the New York Mercantile Exchange. The contract fell 10 cents to $94.15 a barrel on Friday. Analysts said traders took profits before May unemployment data is released Tuesday in Washington, which [Read more]
Pine Cliff Energy Ltd. Enters Into an Agreement to Acquire A Further Interest in Monogram Assets
CALGARY, ALBERTA--(Marketwired - May 27, 2013) - NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES. Pine Cliff Energy Ltd. ("Pine Cliff" or the "Company") (TSX VENTURE:PNE) is pleased to announce that it has entered into an arm's length Letter of Intent to acquire (the "Acquisition") an additional 53.8196% working interest in the Monogram unit and related infrastructure in the Province of Alberta (the "Monogram Assets") for cash consideration of $34 [Read more]