CALGARY , April 30, 2013 /CNW/ - Whitecap Resources Inc. ("Whitecap") (WCP.TO) is pleased to announce that Whitecap has completed the previously announced acquisition of Invicta Energy Corp. ("Invicta") (VCA.V) pursuant to a plan of arrangement (the "Arrangement") under the provisions of theBusiness Corporations Act (Alberta). Whitecap has acquired all of the issued and outstanding common shares of Invicta for $219,324 in cash and the issuance of an aggregate of 4,832,188 common shares of [Read more]
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First Mountain Exploration Ltd. completes property acquistion and files 2012 financial results
CALGARY , April 30, 2013 /CNW/ - First Mountain Exploration Ltd. ("First Mountain") (TSX Venture: FMX) is pleased to announce that it has closed the acquisition of producing oil and gas properties in the Lanaway and Fir areas of Alberta for cash consideration of $400,000 , before closing adjustments and related costs as previously announced on April 17, 2013 . First Mountain has filed on SEDAR its audited annual financial statements ("Financial Statements") and related management's discussion [Read more]
Trilogy Energy Corp. Announces Financial and Operating Results for the Three Months-Ended March 31, 2013
CALGARY, ALBERTA--(Marketwired - April 30, 2013) - Trilogy Energy Corp. (TET.TO) ("Trilogy") is pleased to announce its financial and operating results for the three months-ended March 31, 2013. FINANCIAL AND OPERATING HIGHLIGHTS Reported sales volumes for the first quarter of 2013 averaged 36,119 Boe/d compared to 35,014 Boe/d for the previous quarter and 31,012 Boe/d for the same period in 2012, representing a 3 percent and 16 percent increase, respectively, in production. Oil sales [Read more]
Canadian Oil Sands net income drops in first quarter on plant outages
CALGARY - Canadian Oil Sands Ltd. (TSX:COS) posted a big drop in profit for the first three months of the year as unplanned outages at the Syncrude oilsands mine took a bite out of production. Net income during the first quarter was $177 million, or 37 cents per share, down from $318 million, or 66 cents per share during the same period a year earlier, the company said Tuesday. That missed the average analyst estimate of 41 cents per share, according to Thomson [Read more]
Ironhorse Announces 2012 Financial and Operating Results and Year-end Reserves
CALGARY , April 30, 2013 /CNW/ - Ironhorse Oil & Gas Inc. ("Ironhorse" or the "Company") (IOG.V) announces its 2012 financial and operating results and year-end reserves information. The Company's year-end reserves evaluation with the effective date of December 31, 2012 was prepared by GLJ Petroleum Consultants Ltd. and Sproule Associates Limited in accordance with definitions, standards and procedures contained in the Canadian Oil and Gas Evaluation Handbook ("COGE Handbook") and NI 51-101 [Read more]
Raging River Exploration Inc. Announces Approval of Listing on the Toronto Stock Exchange
CALGARY, ALBERTA--(Marketwired - April 30, 2013) -Raging River Exploration Inc. ("Raging River") (TSX VENTURE:RRX) is pleased to announce that its common shares have been approved for listing on the Toronto Stock Exchange (the "TSX"). The common shares will continue to trade under the symbol "RRX" and trading on the TSX is expected to commence on May 3, 2013. FORWARD LOOKING STATEMENTS: This press release contains forward-looking statements. More particularly, this press release contains [Read more]
Canadians must fight U.S. protectionism in the energy sector, Prentice says
By Heather Scoffield, The Canadian Press OTTAWA - Former Conservative cabinet minister Jim Prentice says Canadians need to step up their efforts to maintain free and open energy markets for Canada's oil, gas and electricity in the United States. Prentice, who is now a vice-president at CIBC, is in Halifax Tuesday to discuss how Canada will fare in a North America that is on the verge of being energy independent. "If we play our cards right, there will be profound opportunities for [Read more]
Diaz Announces Appointment of John Nelson to Board of Directors
CALGARY, ALBERTA--(Marketwired - Apr 30, 2013) - Diaz Resources Ltd. ("Diaz" or the "Company") (TSX VENTURE:DZR) is pleased to announce the appointment of John R. Nelson to its board of directors. Mr. Nelson has over twenty-seven years of resource industry experience and is currently the President, Chief Executive Officer and a director of Africa Hydrocarbons Inc., a TSX Venture Exchange ("TSXV") listed oil and gas company with operations in Tunisia. Mr. Nelson's industry experience includes [Read more]
Suncor shares rise on dividend hike, share buyback, earnings beat
By Lauren Krugel, The Canadian Press CALGARY - Shares in Suncor Energy Inc. rose nearly five per cent Tuesday after Canada's biggest energy company hiked its dividend 54 per cent, announced a $2-billion share buyback and delivered first-quarter operating earnings that beat expectations. Suncor shares were at $31.02 in late-morning trading on the Toronto Stock Exchange, an increase of $1.38. Late Monday, Suncor announced that its quarterly dividend, payable June 25, will rise to 20 cents [Read more]
Crocotta Energy Announces Strategic Pipeline and Marketing Agreement and Provides Operational Update
CALGARY, ALBERTA--(Marketwired - Apr 30, 2013) - Crocotta Energy Inc. ("Crocotta" or the "Company") (CTA.TO) is pleased to announce the following: EDSON PIPELINE AND MARKETING ARRANGEMENT Crocotta has entered into rich gas premium agreements with Aux Sable Canada LP ("Aux Sable") and an interconnection agreement with Alliance Pipeline Limited Partnership ("Alliance Pipeline") providing access to premium markets in the United States. Under the agreements Crocotta will deliver [Read more]