CALGARY, ALBERTA--(Marketwired - Nov. 12, 2015) - Forent Energy Ltd. (TSX VENTURE:FEN) ("Forent") is pleased to announce an acquisition (the "Acquisition") of oil weighted production in the Company's core area of Twining near Three Hills, Alberta. The purchase price is $4.0 million less adjustments, subject to a 10% royalty with a put/call arrangement. The effective date of the Acquisition is August 1, 2015, with the closing expected in early December 2015. The Acquisition Forent will [Read more]
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Tuscany Announces Operational Update for Q3 2015
CALGARY, ALBERTA--(Marketwired - Nov. 12, 2015) - Tuscany Energy Ltd. (TSX VENTURE:TUS) plans to release its Q3 2015 financial and operating results after the close of the market on November 26, 2015. The Company is pleased to provide the following financial and operating estimates for the three and nine months ended September 30, 2015: Three months ended September 30, Nine months ended September 30, ($ Thousands, except for BOEd and Per Share [Read more]
Peyto Reports Q3 2015 Results and Hits 100,000 boe/d Daily Production Level
CALGARY, ALBERTA--(Marketwired - Nov. 12, 2015) - Peyto Exploration & Development Corp. (TSX:PEY) ("Peyto" or the "Company") is pleased to present its operating and financial results for the third quarter of the 2015 fiscal year. The Company achieved record low costs and again improved operational execution to deliver a 79% operating margin (1) and a 22% profit margin (2). Additional highlights included: Earnings of $0.23/share, dividends of $0.33/share. Earnings of $37 million were [Read more]
Twin Butte Energy Announces Third Quarter Financial Results, Strong Drilling Results, and Dividend Reduction
CALGARY, Nov. 11, 2015 /CNW/ - (TSX: TBE) – Twin Butte Energy Ltd. ("Twin Butte" or the "Company") is pleased to report its financial and operational results for the three and nine months ended September 30, 2015. Twin Butte has transitioned to a medium gravity oil focused producer with lower operating costs, lower royalties, lower per well capital costs and a deeper inventory of economic development opportunities. The combination of lower capital costs and average new well productivity [Read more]
Storm Resources Ltd. (“Storm” or the “Company”) is Pleased to Announce Its Financial and Operating Results for the Three and Nine Months Ended September 30, 2015
CALGARY, ALBERTA--(Marketwired - Nov. 11, 2015) - Storm Resources Ltd. (TSX VENTURE:SRX) Storm has also filed its unaudited condensed interim consolidated financial statements as at September 30, 2015 and for the three and nine months then ended along with Management's Discussion and Analysis ("MD&A") for the same period. This information appears on SEDAR at www.sedar.com and on Storm's website at www.stormresourcesltd.com. Selected financial and operating information for the three and [Read more]
Zargon Oil & Gas Ltd. Provides 2015 Third Quarter Results
CALGARY, ALBERTA--(Marketwired - Nov. 11, 2015) - Zargon Oil & Gas Ltd. ("Zargon" or the "Company") (TSX:ZAR)(TSX:ZAR.DB) - FINANCIAL & OPERATING HIGHLIGHTS (THREE MONTHS ENDED SEPTEMBER 30, 2015) Funds flow from operating activities of $3.3 million were 67 percent lower than the $10.0 million recorded in the prior quarter, and 70 percent lower than the $10.9 million reported in the third quarter of 2014. The reduction in funds flow is primarily due to Zargon's sharply lower third [Read more]
Pipeline approval, ‘dirty oil,’ and political doublespeak
There really was little doubt that Keystone XL would not get presidential approval. But this predictable decision, having been made, still manages to disappoint. Yet, disappointments and reversals have housekeeping functions, serving as impetus for taking stock of the situation. Moreover, disappointments tellingly reveal the intent of reacting parties. Broadly speaking, Premier Notley is disappointed. Not in the final decision, because she never believed in Keystone XL. Rather, Premier Notley [Read more]
Eclipse Resources Third Quarter 2015 Operational and Financial Results
STATE COLLEGE, Pa.--(BUSINESS WIRE)--Eclipse Resources Corporation (NYSE:ECR) (the “Company”) today announced its third quarter 2015 financial and operational results. Highlights for the quarter include: Third quarter of 2015 net production averaged 225.2 MMcfe/d, which was approximately 5% above the high end of the Company’s previously issued guidance range for the quarter and represents a 163% increase to the third quarter of 2014 and a 13% sequential increase over the second quarter 2015. [Read more]
Birchcliff Energy Ltd. Announces Strong Third Quarter Results, Strong Quarterly Production, Record Low Operating Costs and Confirms 2015 Production Guidance
CALGARY, ALBERTA--(Marketwired - Nov. 11, 2015) - Birchcliff Energy Ltd. ("Birchcliff") (TSX:BIR) is pleased to announce strong financial and operational results for the third quarter of 2015, with strong quarterly average production of 38,433 boe per day and record low operating costs of $4.39 per boe. The full text of Birchcliff's Third Quarter Report containing the unaudited interim condensed financial statements for the three and nine month periods ended September 30, 2015 and the related [Read more]
TransCanada Awarded Contract to Build US$500 Million Natural Gas Tuxpan Tula Pipeline in Mexico
MEXICO CITY, MEXICO--(Marketwired - Nov. 11, 2015) - TransCanada Corporation (TSX:TRP)(NYSE:TRP) (TransCanada) today announced that it has been chosen to build, own and operate the Tuxpan-Tula Pipeline in Mexico. Construction of the pipeline is supported by a 25-year natural gas transportation service contract with the Comisión Federal de Electricidad (CFE), Mexico's state owned power company. "The Tuxpan-Tula Pipeline demonstrates our continued commitment to developing Mexico's energy [Read more]