CALGARY , Alberta, March 14, 2013 /CNW/ - Equal Energy Ltd. ("Equal","the Company", "we" or "our") (EQU) (EQU), an exploration and production oil and gas company is pleased to announce its financial and operating results for the three months and year ended December 31 , 2012. All dollar amounts are in Canadian dollars unless otherwise indicated and volumes are net of royalties. Don Klapko, President and Chief Executive Officer commented, "This past year was one of major transition for Equal [Read more]
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Lone Pine Resources Announces Year-End 2012 NI 51-101 Reserves
CALGARY, ALBERTA--(Marketwire - Mar 14, 2013) - Lone Pine Resources Inc. ("Lone Pine" or the "Company") (LPR) (LPR.TO) today announced the Company''s year-end 2012 estimated proved and probable reserves determined in accordance with Canadian National Instrument 51-101 - Standards of Disclosure for Oil and Gas Activities ("NI 51-101") and the Canadian Oil and Gas Evaluation Handbook, as evaluated by the Company''s independent qualified reserves evaluators, DeGolyer and MacNaughton [Read more]
Natural gas up almost 3%, highest since November; oil edges up on US jobs data
By The Associated Press NEW YORK, N.Y. - Natural gas rose almost three per cent Thursday, reaching its highest level since November as the U.S. government said supplies of the fuel are nearly 20 per cent below year-ago levels. Oil rose slightly after positive U.S. jobs data, with benchmark West Texas Intermediate crude for April delivery up 51 cents to end at US$93.03 a barrel on the New York Mercantile Exchange. Natural gas futures gained 13 cents, or 3.6 per cent, to finish at US$3.81 [Read more]
Crescent Point taking a breather from major acquisitions in 2013
By Lauren Krugel CALGARY - Crescent Point Energy Corp. is taking a breather from large-scale acquisitions this year after doing some $3 billion in deals in 2012, one of which established a presence in Utah for the Calgary-based light oil producer. "This year is going to be really focused on organic growth," CEO Scott Saxberg told analysts on a conference call Thursday. "We're in really no rush to do any significant transactions this year." During the fourth-quarter, [Read more]
Natural gas withdrawal beats estimates
Working gas in storage was 1,938 Bcf as of Friday, March 8, 2013, according to EIA estimates. This represents a net change of -145 Bcf beating analyst estimates of ~-134 Bcf. Stocks were 440 Bcf less than last year at this time and 198 Bcf above the 5-year average of 1,740 Bcf. [table] [attr style="width: 25%"]`[attr style="width: 25%"]March 8`[attr style="width: 25%"]March 1`[attr style="width: [Read more]
Obama: Keystone XL Pipeline Not Major Jobs Creator
Jobs numbers and other benefits touted by supporters of the Keystone XL oil pipeline are probably exaggerated, President Barack Obama told House Republicans on Wednesday, according to lawmakers who attended the closed-door meeting. But Obama did not rule out a decision to approve the $7 billion pipeline, according to participants. Obama told Republicans at the Capitol that he's still weighing a decision on the pipeline, which would carry oil from western Canada to refineries [Read more]
Crescent Point Energy Corp. Announces Year-End 2012 Results
CALGARY, ALBERTA--(Marketwire - Mar 14, 2013) - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (CPG.TO) is pleased to announce its operating and financial results for the year ended December 31, 2012. The Company also announces that its audited financial statements and management''s discussion and analysis for the year ended December 31, 2012, will be available on the System for Electronic Document Analysis and Retrieval ("SEDAR") at www.sedar.com and on Crescent Point''s [Read more]
Crocotta Energy Announces Strong Reserve Growth and Top Quartile Finding and Development Costs
CALGARY, ALBERTA--(Marketwire - Mar 14, 2013) - Crocotta Energy Inc. ("Crocotta") (CTA.TO) is pleased to announce its 2012 year-end reserves as independently evaluated by GLJ Petroleum Consultants Ltd., in accordance with National Instrument 51-101 ("NI 51-101"). 2012 Highlights Achieved all-in finding, development and acquisition costs ("FD&A") including changes in future development costs ("FDC") on a proved plus probable basis of $11.98 per boe Increased Net Asset Value per share [Read more]
Birchcliff Energy Ltd. Announces Audited 2012 Financial Statements and Operations Update
CALGARY, ALBERTA--(Marketwire - March 14, 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 2012 audited financial statements and provide an operational update. The audited financial statements are consistent with the unaudited financial results announced in the press release issued by Birchcliff on February 13, 2013. The full text of the 2012 audited financial [Read more]
Advantage Announces Glacier December 31, 2012 Reserves
1032% of Production Replaced by Glacier Reserves Additions at an all-in F&D cost of $4.41/boe ($0.73 mcf) (TSX: AAV, NYSE: AAV) CALGARY, March 13, 2013 /CNW/ - Advantage Oil & Gas Ltd. ("Advantage" or the "Corporation") is pleased to announce the December 31, 2012 reserves for our Montney resource property at Glacier, Alberta ("Glacier") (see page 5 "Independent Reserve Evaluator"). Glacier 2012 Reserve Highlights Advantage's 2012 Glacier capital program replaced 1032% of [Read more]