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]
News
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]
Artek Exploration Ltd. Announces Increase to Bought Deal Financing from $35.1 Million Bought to $39.0 Million
CALGARY, ALBERTA--(Marketwire - March 11, 2013) - NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S. Artek Exploration Ltd. ("Artek" or the "Corporation") (RTK.TO) is pleased to announce that, in connection with its previously announced offering of common shares ("Common Shares") and common shares on a flow-through basis ("Flow-Through Common Shares"), the Corporation and the syndicate of underwriters led by Cormark Securities Inc. and including Peters & [Read more]
Artek Exploration Ltd. Announces $35.1 Million Bought Deal Financing
CALGARY, ALBERTA--(Marketwire - March 11, 2013) - NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S. Artek Exploration Ltd. ("Artek" or the "Corporation") (RTK.TO) is pleased to announce that it has entered into an agreement with a syndicate of underwriters led by Cormark Securities Inc. and including Peters & Co. Ltd., National Bank Financial Inc., Stifel Nicolaus Canada Inc., Clarus Securities Inc., GMP Securities L.P., FirstEnergy Capital Corp. and [Read more]
Bellatrix Exploration Ltd. announces updated well test results
CALGARY, March 11, 2013 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE MKT: BXE) is pleased to announce the well test results of its most recent long reach Fahler horizontal liquids rich natural gas well. At Ferrier, the Company drilled its first long reach Fahler horizontal liquids rich natural gas well (100% working interest) to a total depth of 5,205 meters with a horizontal length of 2,845 meters. The well was fracture stimulated in 36 stages and tested at [Read more]
Pengrowth Announces Completion of the Sale of Its Non-Core Weyburn Asset
CALGARY, ALBERTA--(Marketwire - Mar 11, 2013) - Pengrowth Energy Corporation (PGF.TO) (PGH) is pleased to announce that it has completed the previously-announced divestiture of its non-core Weyburn asset. Proceeds from the sale were approximately $316.0 million, net of interim closing adjustments. Proceeds will be used to repay all outstanding bank debt and will partially fund Pengrowth''s 2013 capital program. This leaves Pengrowth undrawn on its $1.0 billion credit facility and with [Read more]