CALGARY, AB--(Marketwired - August 20, 2015) - Kicking Horse Energy Inc. ("Kicking Horse" or the "Company") (TSX VENTURE: KCK) reports its operating and financial results for the three and six months ended June 30, 2015. The condensed interim consolidated financial statements and notes, as well as Management's Discussion and Analysis ("MD&A") for the three and six months ended June 30, 2015, are available on Kicking Horse's website and have been filed on SEDAR.Highlights for Three Months Ended [Read more]
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What’s Really At Stake With The Iran Nuclear Deal
Recently, I wrote on these pages that a remarkable turnaround was taking place in the President's fortunes. It's an impressive display of rising from the depths of falling popularity last fall, and it is starting to be felt in many areas, with major impacts on the future of energy. At his lowest point, the U.S. President was widely regarded as a lame duck, shedding influence and power, and on a down-hill slide. This was followed by a number of embarrassments, with one of the worst coming [Read more]
Tuscany Announces Financial and Operating Results for the Six Months Ended June 30, 2015
CALGARY, ALBERTA--(Marketwired - Aug. 19, 2015) - Tuscany Energy Ltd. (TSX VENTURE:TUS) is pleased to report satisfactory financial and operating results for the six months ended June 30, 2015. Highlights of Q2 2015: Production for the Quarter averaged 811 BOEd compared with 758 BOEd for Q2 2014. Revenues for the quarter totaled $3.4 million compared with $4.9 Million for Q2 2014. Cash flow for the [Read more]
Shoreline Energy Corp. Announces Realignment of Company Management and Board of Director Changes
CALGARY, ALBERTA--(Marketwired - Aug. 19, 2015) - Shoreline Energy Corp. ("Shoreline" or the "Company") announced today that, in connection with the Company's application for creditor protection under the Companies' Creditors Arrangement Act (Canada) (the "CCAA") announced April 9, 2015, and on the advice of the Company's professional advisors, the Company has effected a realignment of the Company's management team. As a result of the realignment of Company management, the Company has [Read more]
Hemisphere Energy Announces Q2 2015 Financial and Operating Results
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 19, 2015) - Hemisphere Energy Corporation (TSX VENTURE:HME) ("Hemisphere" or the "Company") is pleased to announce its financial and operating results for the three and six months ended June 30, 2015. Despite a challenging market environment during the first half of 2015, Hemisphere has had strong year-to-date netbacks, positive funds flow from operations, and a solid balance sheet. The Company is committed to a disciplined approach to [Read more]
Alberta Energy Regulator responding to NuVista spill in northwestern Alberta
CALGARY - A pipeline in northwestern Alberta has spilled about 100,000 litres of a mixture of water, oil and gas.Calgary-based NuVista Energy (TSX:NVA) owns the six-inch diameter oil emulsion pipeline, which leaked on the Hay Lake First Nation, about 100 kilometres northwest of High Level, Alta.On Friday afternoon, a helicopter crew doing regular daily inspection and maintenance work saw a "small area of stressed vegetation" along the pipeline route and the line was shut down immediately, [Read more]
Marquee Energy Ltd. Announces Closing of Michichi Consolidation Acquisition
CALGARY, Aug. 19, 2015 /CNW/ - Marquee Energy Ltd. ("Marquee" or the "Company") (TSXV: "MQL") closed the previously announced strategic acquisition (the "Acquisition") and accompanying facility financing (the "Facility Agreement") to further consolidate its core Michichi area. The Acquisition includes approximately 550 boe/d, 21 net sections of land containing Banff rights that are contiguous with Marquee's existing light oil play, and extensive infrastructure. The Acquisition represents [Read more]
More pain for Canadian producers as oil hits six year low on higher stockpiles
CALGARY - The price of oil hit a six-year low Wednesday as U.S. stockpiles posted an unexpected increase, bringing further pain to Canadian oilsands producers.The price of West Texas Intermediate, the North American oil benchmark, went as low as US$40.40 in intraday trading after a U.S. Energy Information Agency report showed a 2.6-million-barrel increase in American crude oil inventories.In a research note, Desjardins Capital Markets said the analyst consensus called for a 400,000 barrel drop [Read more]
Softrock Minerals releases record second quarter results
CALGARY, Aug, 19, 2015 /CNW/ - Softrock Minerals (TSV Venture: SFT) is pleased to announce its financial and operating results for the three and six months ending June 30, 2015. Copies of the results in detail may be obtained at www.sedar.com and/or the company's website at www.softrockminerals.com. Second Quarter Highlights Are Revenue during the second quarter tripled over the same quarter last year from $6,533 to $19,646 due primarily to the addition of the first producing well [Read more]
As crude hits six-year lows, towns in Alberta’s oilpatch feeling the pinch
CALGARY - Oil prices are the lowest they've been since the Great Recession and mayors in Alberta's oilpatch are noticing the difference."The barber says that he has less customers coming in," says Tom Tarpey, mayor of Peace River, population 7,000."I certainly notice less trucks and cars parked at the hotels in town overnight."The town in northwestern Alberta is eager to see the economic boost from Shell's Carmon Creek oilsands project. But in May, the company decided to slow the development by [Read more]