CALGARY, ALBERTA--(Marketwire - March 12, 2013) - NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES DeeThree Exploration Ltd. ("DeeThree" or the "Corporation") (DTX.TO)(DTHRF) is pleased to announce it has issued an additional 663,000 common shares at $6.80 per common share for gross proceeds of $4,508,400 pursuant to the exercise in full of the over-allotment option in connection with the previously-announced short-form prospectus [Read more]
News
PetroBakken plans smaller 2013 capital budget but higher average daily output
By The Canadian Press CALGARY - PetroBakken Energy Ltd. (TSX:PBN) says it plans $675 million in capital spending this year, about 30 per cent less than in 2012 or 2011 before adjusting for dispositions. The company's outlook, included with its fourth-quarter and annual results, calls for the Calgary-based oil and gas producer to produce the equivalent of between 46,000 and 48,000 barrels per day on average this year. That would be up from 42,784 barrels per day last year and [Read more]
TORC Oil & Gas Ltd. Announces Fourth Quarter and Year-End Financial & Operating Results and 2012 Year-End Reserves
CALGARY, March 12, 2013 /CNW/ - TORC Oil & Gas Ltd. ("TORC" or the "Company") (TSX:TOG.TO) is pleased to announce its financial and operating results for the three month periods and years ending December 31, 2011 and 2012, and to provide its 2012 year-end reserves information as evaluated by Sproule Associates Limited ("Sproule"). TORC completed the acquisition of Vero Energy Inc. ("Vero") effective November 19, 2012 and all figures are pro forma Vero as of that date. The associated [Read more]
Tourmaline Oil Corp. Announces Closing of Bought Deal Financing Including Exercise in Full of Over-Allotment Option
CALGARY, ALBERTA--(Marketwire - March 12, 2013) - NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW. Tourmaline Oil Corp. (TOU.TO) ("Tourmaline" or the "Company") is pleased to announce that it has closed its public offering of 5,750,000 common shares at a price of $34.25 per share, which includes 750,000 common shares issued pursuant to the exercise in full [Read more]
Surge Energy Inc. Announces Significant Exploration Drilling Success at Nipisi South, Valhalla and Silver Core Areas
CALGARY , March 12, 2013 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (SGY.TO) is pleased to announce significant new pool additions and pool extensions at three of its primary operating properties. Western Alberta: Nipisi South (Slave Point) - New Light Oil Pool Discovery Surge has successfully drilled, completed and brought on production a horizontal well (13-36-76-9W5; 73 percent working interest or "WI") at Nipisi South for a total cost of $3.2 million . The horizontal [Read more]
PetroBakken Announces Fourth Quarter Results With Production of 47,192 Boepd and Funds Flow from Operations of $168 Million
CALGARY, ALBERTA--(Marketwire - March 12, 2013) - PetroBakken Energy Ltd. (the "Company" or "PetroBakken") (PBN.TO) is pleased to announce our fourth quarter and year-end 2012 financial and operating results. FINANCIAL & OPERATING HIGHLIGHTS In this press release, annual comparisons are 2012 compared to 2011 and quarterly comparisons are fourth quarter 2012 compared to fourth quarter 2011, unless otherwise noted. All references to well counts are on a net basis. December 2012 [Read more]
Perpetual Energy Inc. Releases Year End 2012 Financial and Operating Results and Announces West Edson Development Plan
CALGARY, March 11, 2013 /CNW/ - (TSX:PMT.TO) - Perpetual Energy Inc. ("Perpetual" or the "Corporation" or the "Company") is pleased to report fourth quarter and year end 2012 financial and operating results. Detailed results are presented in Perpetual's audited consolidated financial statements and related Management's Discussion and Analysis ("MD&A") which can be obtained through the Corporation's website at www.perpetualenergyinc.com and SEDAR at www.sedar.com. Perpetual is also pleased [Read more]
Southern Pacific Signs One-Year Gulf Coast Marketing Deal and Provides an Operational Update
CALGARY, ALBERTA--(Marketwire - Mar 11, 2013) - Southern Pacific Resource Corp. ("Southern Pacific" or the "Company")(STP.TO) is pleased to announce that it has executed a one-year oil marketing deal effective April 1, 2013, that will provide U.S. Gulf Coast pricing for its bitumen product that is being shipped under the Company''s rail transportation arrangements. This deal with a major U.S. Gulf Coast refiner will have pricing based off the Maya benchmark, a widely traded heavy crude with [Read more]
Angle Energy Provides First Quarter Operational Update Showing Increased Oil Weighting and Higher Netbacks
CALGARY, ALBERTA--(Marketwire - March 11, 2013) - Angle Energy Inc. ("Angle" or the "Company") (NGL.TO) today provided an update on its first quarter operations to March 11, 2013. Oil weighting has increased, netbacks are higher, and production and debt are in line with budget. HIGHLIGHTS Corporate production for the first quarter is estimated to be 11,200 to 11,300 boe/d (30% light oil and condensate, 24% NGLs, and 46% natural gas) - within Angle's budgeted production expectations while [Read more]
Connacher Announces Appointment of Chief Executive Officer
CALGARY , March 11, 2013 /CNW/ - Connacher Oil and Gas Limited (CLL - TSX; "Connacher" or the "Company") announced today that Mr. Christopher Bloomer will become Connacher's Chief Executive Officer, effective April 11, 2013 . In conjunction with this role, Mr. Bloomer will also be appointed a director of Connacher. Mr. Bloomer has over 30 years of experience in the domestic and international energy business. For the past 10 years he has been an executive with Petrobank Energy and Resources [Read more]