Palliser Oil & Gas Corporation ("Palliser"), is pleased to announce that it has closed its previously announced short form prospectus offering on a "bought deal" basis of 5,000,000 common shares (the "Common Shares") of Palliser for aggregate gross proceeds of $3,150,000 (the "Offering"). The Offering was completed by a syndicate of underwriters led by Octagon Capital Corporation and including PI Financial Corp., Acumen Capital Finance Partners Limited and Paradigm Capital Inc. About [Read more]
News
Shell profit up 2.6 per cent to $6.67 billion in fourth quarter, bullish on future prospects
AMSTERDAM, Netherlands - Royal Dutch Shell PLC said Thursday it plans to continue investing aggressively in new projects in the coming years, as it sees a bright future for the oil and gas industry despite ongoing economic uncertainties around the world. Overall, Europe's largest oil company was bullish as it reported an increase in fourth-quarter earnings: it said global energy demand is rising due to population increases and improving standards of living in developing [Read more]
Edge President Reviews 2012 Achievements and Provides Corporate Update
Edge Resources Inc. (TSX VENTURE:EDE) Dear Shareholders, In light of our upcoming drilling program in February and the current volatility and uncertainty in both the equity and natural resources markets, I would like to summarize 2012 and provide a strategic and operational outlook for 2013. 2012 marked a year of major accomplishments and transition for Edge Resources and I am very pleased with the achievements we have made. Amongst these, and perhaps the most significant for [Read more]
TriOil comments on recent market developments
TriOil Resources Ltd. ("TriOil" or the "Company" - TSXV:TOL) confirms that on January 30, 2013 it received a letter from Andylan Capital Strategies Ltd. ("Andylan") requesting various initiatives be undertaken by TriOil as set forth in the Andylan press release dated January 30, 2013 (the "Andylan Letter"). TriOil advises that its Board of Directors (the "Board") will review the Andylan Letter and will take such steps as the Board determines to be in the best interests of the Company and its [Read more]
Crocotta Energy Provides 2013 Guidance and Operational Update
Crocotta Energy Inc. ("Crocotta" or the "Company") (CTA.TO) is pleased to announce 2013 Guidance and Operations Update. Crocotta has grown organically from 2,200 boepd at the start of 2010 to over 8,500 boepd solely by drilling its current Bluesky and Cardium projects at Edson and its Montney project at Dawson. Average capital efficiency for the projects (on-stream cost divided by year #1 average production) has been less than $15,000 per boepd with finding and development costs on a [Read more]
MEG Energy reports record quarterly, annual and exit-rate production volumes
Production and marketing strategies to reach major milestones in 2013 CALGARY, ALBERTA (January 31, 2013) – MEG Energy Corp. today reported fourth quarter and full-year 2012 operational and financial results. Highlights include: Record annual and exit production volumes, exceeding 2012 guidance; Record quarterly production and low operating costs contribute to very strong fourth quarter netbacks; Agreements in place to enable substantial volumes to be transported by rail and barge to [Read more]
Celtic Provides Update on Investment Canada Review With Respect to Proposed Acquisition by ExxonMobil Canada Ltd.
Celtic Exploration Ltd. ("Celtic") has been advised by ExxonMobil Canada Ltd. ("ExxonMobil Canada") of the status of the review by the Minister of Industry (the "Minister") under the Investment Canada Act (the "ICA") of the proposed arrangement whereunder Celtic is to be acquired by a subsidiary of ExxonMobil Canada (the "Arrangement"). The review period under the ICA has been extended until February 20, 2013 to allow time for the Minister to complete his review of the acquisition. It is [Read more]
Whitecap Resources Inc. announces 127% increase to 2012 year-end reserves and provides operational update
Whitecap Resources Inc. ("Whitecap" or the "Company") is pleased to announce the results from its 2012 year-end oil and gas reserves evaluation and provide shareholders with an operational update. 2012 YEAR-END RESERVES Whitecap's year-end 2012 reserves were evaluated by independent reserves evaluator McDaniel & Associates Consultants Ltd. ("McDaniels"). The evaluation of all of Whitecap's oil and gas properties was done in accordance with the definitions, standards and procedures [Read more]
Traverse Energy Ltd. Announces 2013 Capital Budget & Program
Traverse Energy Ltd. (the "Corporation") (TSX VENTURE:TVL) is pleased to announce that the Board of Directors has approved an exploration and development program of $12.6 million for 2013. The Corporation plans an active drilling program for 2013 with 10 wells planned on existing properties. Drilling and related production expenditures comprise 75% of the budget. The budget is to be financed by existing working capital, cash flow and new equity issues or debt where appropriate. The 2013 [Read more]
New Brunswick Premier: SEND THE PIPELINES EAST!
FREDERICTON - New Brunswick Premier David Alward heads to Alberta on Sunday for three days of meetings that he hopes will advance a proposal for a west-east oil pipeline. Alward has meetings scheduled with Alberta Premier Alison Redford as well as officials in the oil and pipeline industries. He says a pipeline that could deliver western crude to the Irving refinery in Saint John, N.B., would be good for the entire country, and a boost to his province's faltering [Read more]