/NOT FOR DISTRIBUTION IN THE UNITED STATES ./ CALGARY , May 16, 2013 /CNW/ - - Whitecap Resources Inc. ("Whitecap") is pleased to announce that it has closed its previously announced public offering of 10,393,000 common shares, including 1,114,000 common shares issued pursuant to the full exercise of the over-allotment option, with a syndicate of underwriters led by GMP Securities L.P. and National Bank Financial Inc. and including Dundee Securities Ltd., FirstEnergy Capital Corp., Macquarie [Read more]
News
McCoy Corporation appoints permanent Chief Financial Officer
EDMONTON, May 16, 2013 /CNW/ - McCoy Corporation("McCoy" or "the Company") (TSX:MCB.TO), a supplier of innovative products and services for the global energy industry, today announced the appointment and promotion ofMr. Jacob Coonan as the Company's Chief Financial Officer ("CFO"), effective immediately. "Jacob has excelled in his role as Interim CFO, demonstrating strong leadership and a great depth of knowledge," said Jim Rakievich, President and CEO of McCoy. "The Board of Directors and I [Read more]
Delphi Energy Reports Financial and Operational Results for First Quarter 2013
CALGARY, ALBERTA--(Marketwired - May 15, 2013) - Delphi Energy Corp. ("Delphi" or the "Company") (DEE.TO) is pleased to announce its financial and operational results for the quarter ended March 31, 2013. First Quarter 2013 Highlights produced an average of 7,520 barrels of oil equivalent per day ("boe/d") despite production downtime at third-party facilities to the extent of approximately 700 boe/d; increased funds from operations by 49 percent for the quarter ended March 31, 2013, [Read more]
Marquee Energy announces first quarter results, increases production to 2,266 boe/d, increases oil and NGL weighting to 63%
CALGARY, May 15, 2013 /CNW/ - Marquee Energy Ltd. ("Marquee" or the "Company") (TSXV: "MQL") is pleased to announce its first quarter 2013 operating and financial results. ACHIEVEMENTS AND HIGHLIGHTS The Company achieved significant increases in both production and the oil and liquids proportion of production in the quarter. The Company's core Michichi and Lloydminster areas now represent 65% of total production, and 77% of total oil and liquids production, compared to 10% and 16% [Read more]
Shoreline Energy Corp. Announces First Quarter Results, Record Revenue, $34 Million Increase to Reserve Value and Current Production Exceeding 2200 BOED
CALGARY, ALBERTA--(Marketwired - May 15, 2013) - Shoreline Energy Corp. ("Shoreline" or the "Company") is pleased to announce financial and operating results from the first quarter of 2013. The Company generated record revenue of $6.5 million during the quarter as a direct result of wells drilled during Shoreline's successful 2012 drilling program and through recent acquisitions. During the quarter, total proved plus probable reserve value increased to over $141 million upon the Company's fourth [Read more]
LNG BOOM! Indian company to build $3 billion LNG plant, export terminal in N.S. to ship gas overseas
HALIFAX - Indian company H-Energy is planning to build a $3-billion LNG plant and export terminal in Melford, N.S. Managing director Darshan Hiranandani said Wednesday the facility could be operational by 2020. The Guysborough County facility would be capable of exporting 1.5 billion cubic feet of natural gas per day. Hiranandani says the venture would be similar in size to the LNG plant and export terminal that Calgary-based Pieridae Energy Ltd. is planning to build at [Read more]
Birchcliff Energy Ltd. Announces Strong First Quarter Results, Increased Production Guidance, 2013 Budget Increase and Operational Update
CALGARY, ALBERTA--(Marketwired - May 15, 2013) - NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Birchcliff Energy Ltd. ("Birchcliff") (BIR.TO) is pleased to announce its strong financial and operational results for the first quarter of 2013 with a continued decrease in per unit cash costs, an increase in its credit facilities, an increase of its 2013 budget, an increase in fourth quarter and exit production guidance, a Phase IV expansion [Read more]
TransCanada to Sell 45% Interest in GTN and Bison Pipelines to TC PipeLines, LP
CALGARY, ALBERTA--(Marketwired - May 15, 2013) -TransCanada Corporation (TRP.TO) (TRP) (TransCanada) today announced it has entered into agreements to sell a 45 per cent interest in each of Gas Transmission Northwest LLC (GTN) and Bison Pipeline LLC (Bison) to TC PipeLines, LP (TCP) (the Partnership) for an aggregate purchase price of US$1.05 billion, which includes US$146 million for 45 per cent of GTN's debt. The sale is expected to close in July 2013 and is subject to regulatory approvals and [Read more]
Storm Resources Ltd. (“Storm” or the “Company”) is Pleased to Announce Its Financial and Operating Results for the Three Months Ended March 31, 2013
CALGARY, ALBERTA--(Marketwired - May 15, 2013) - Storm Resources Ltd. (TSX VENTURE:SRX) Storm has also filed its unaudited condensed interim consolidated financial statements as at March 31, 2013 and for the three months then ended along with the Management's Discussion and Analysis ("MD&A") for the same period. This information appears on SEDAR at www.sedar.com and on Storm's website atwww.stormresourcesltd.com. Selected financial and operating information for the three months ended [Read more]
West Coast oil pipelines still face hurdles after Liberals’ B.C. election win
CALGARY - Oil pipelines to the West Coast may have a better chance of being built with the Liberals hanging on to power in British Columbia than had the New Democrats won Tuesday's election. But, observers say the odds for Northern Gateway and the Trans Mountain expansion moving ahead are still rather slim. Warren Mabee, a professor at Queen's University, says the Liberals' support for pipelines is highly conditional and doesn't amount to a "green light." He says, to his [Read more]