CALGARY, Alberta, Aug. 4, 2015 (GLOBE NEWSWIRE) -- Quattro Exploration and Production Ltd. (TSX-V:QXP) ("Quattro" or the "Company") is pleased to report that effective August 4, 2015 the Company's Tier classification will change from Tier 2 to Tier 1. In addition to the graduation to becoming a Tier 1 Company on the TSX Venture Exchange, pursuant to the previously announced acquisition on June 18th, 2015, the Company (the "purchaser") issued 15,000 Series 3, Class C Preferred Shares at a [Read more]
News
Touchstone Announces Disposition of Undeveloped Saskatchewan Acreage
CALGARY, ALBERTA--(Marketwired - Aug. 4, 2015) - Touchstone Exploration Inc. ("Touchstone" or the "Company") (TSX:TXP) announces that it has disposed of its working interest in 1,166 net hectares of undeveloped acreage in the Dodsland area of Saskatchewan for cash consideration of $4.2 million to a Canadian oil and gas producer. The properties are not currently producing and were assigned net proved reserves of 424,000 barrels of oil equivalent based on future development costs of $14.9 [Read more]
Top 6 Myths Driving Oil Prices Down
"Whoever would overthrow the liberty of a nation must begin by subduing the freeness of speech." Benjamin Franklin, Silence Dogood, The Busy-Body, and Early Writings I start with that quote because once the media, as well as politicians for that matter, have no accountability for actions or words then liberty will dissolve. Over the last few weeks I have witnessed another litany of lies that the media insists on putting forth. They come in the form of statements presented as facts to sway [Read more]
New chairman appointed to lead Nova Scotia’s offshore petroleum board
HALIFAX - The independent agency that regulates Nova Scotia's offshore petroleum industry is getting a new chairman.Federal and provincial politicians announced today that Keith MacLeod will begin his six-year term at the Canada-Nova Scotia Offshore Petroleum Board on Aug. 17.MacLeod is an engineer with 33 years' experience in the international oil and gas industry.He recently retired as CEO and chairman of Sproule, a Calgary-based company that specializes in economic evaluations of oil and [Read more]
Imperial announces estimated second quarter financial and operating results
For the six months ended June 30, 2015 CALGARY, July 31, 2015 /CNW/ - Second quarter Six months (millions of dollars, unless noted) 2015 2014 % 2015 2014 % Net income (U.S. GAAP) 120 1,232 (90) 541 2,178 (75) Net income per common share - assuming dilution [Read more]
Enbridge Reports Second Quarter Adjusted Earnings of $505 Million or $0.60 Per Common Share and Available Cash Flow From Operations of $808 Million or $0.96 Per Common Share
CALGARY, ALBERTA--(Marketwired - July 31, 2015) - HIGHLIGHTS (all financial figures are unaudited and in Canadian dollars unless otherwise noted) Second quarter earnings were $577 million and six months earnings were $194 million, both including the impact of a number of unusual, non-recurring or non-operating factors Second quarter and six months adjusted earnings were $505 million and $973 million, respectively, or $0.60 and $1.15 per common share, respectively Second quarter and [Read more]
PSAC Canadian Drilling Activity Forecast Remains Unchanged in Third Quarter; With No Expectation of Any Significant Improvement by Year-end
CALGARY, AB (July 30, 2015) – Today, the Petroleum Services Association of Canada (PSAC) released its third quarter update to the 2015 Canadian Drilling Activity Forecast. PSAC expects a total of 5,320 wells (rig releases) to be drilled in Canada this year. This figure remains unchanged from PSAC’s second quarter (April 2015) update, when it made a substantial downward adjustment, reducing its original forecast of 10,100 wells by 4,780 wells, representing a 47 per cent decrease. PSAC [Read more]
Canamax Energy Ltd. and Powder Mountain Energy Ltd. Announce Closing of Business Combination
CALGARY, AB--(Marketwired - July 30, 2015) - Canamax Energy Ltd. ("Canamax") (TSX VENTURE: CAC) and Powder Mountain Energy Ltd. ("Powder") (TSX VENTURE: PDM) are pleased to announce the completion of the acquisition by Canamax of all of the issued and outstanding common shares of Powder (the "Powder Shares") by way of a previously announced plan of arrangement (the "Arrangement") under the Business Corporations Act (Alberta). With the completion of both the Arrangement and the previously [Read more]
Athabasca Oil Corporation Reports Second Quarter 2015 Financial and Operating Results
CALGARY, ALBERTA--(Marketwired - July 30, 2015) - Athabasca Oil Corporation ("Athabasca" or the "Company") (TSX:ATH) is pleased to report its second quarter 2015 financial and operating results. Highlights from the quarter and recent accomplishments: Hangingstone achieved first oil in July with six well pairs recently converted to production. Steaming of the initial SAGD well pairs is continuing as planned. Reservoir response and plant reliability continues to meet management's [Read more]
Canadian Oil Sands’ Second Quarter Results Reflect Continued Progress on Syncrude’s Cost Reduction Efforts
CALGARY, AB--(Marketwired - July 30, 2015) - Canadian Oil Sands Limited (TSX: COS) (OTCQX: COSWF) All financial figures are unaudited, have been prepared in accordance with Canadian Generally Accepted Accounting Principles ("GAAP") and are reported in Canadian dollars, unless otherwise noted. Canadian Oil Sands Limited (TSX: COS) (OTCQX: COSWF) ("COS") reported cash flow from operations in the second quarter of $70 million, or $0.14 per Share, reflecting the impact of planned turnaround work [Read more]