Natural gas advanced to an 11-week high on speculation that demand for the power-plant fuel will rise. Plants will burn 13 percent more gas this year to average a record 25.21 billion cubic feet a day, according to data from an Energy Information Administration report Tuesday. The government raised its estimate from 24.9 billion in last month’s outlook. “At these levels it absolutely makes sense that consumption will be strong this summer,” Stephen Schork, president of Schork Group Inc., a [Read more]
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Sunshine Oilsands Ltd. Announces Results for the First Quarter ended March 31, 2015 and Update on West Ells Progress
CALGARY, Alberta and HONG KONG, May 13, 2015 /CNW/ -- Sunshine Oilsands Ltd. (the "Corporation" or "Sunshine") (HKEX: 2012; TSX: SUO) today announced its financial results for the first quarter ended March 31, 2015. The Corporation's consolidated financial statements, notes to the consolidated financial statements and management's discussion and analysis have been filed on SEDAR (www.sedar.com) and with The Stock Exchange of Hong Kong Limited (the "Hong Kong Stock Exchange") (www.hkexnews.hk) [Read more]
Legacy Oil + Gas Inc. Announces First Quarter 2015 Results and Renewal of Credit Facilities
CALGARY, May 13, 2015 /CNW/ - Legacy Oil + Gas Inc. ("Legacy" or the "Company") (TSX:LEG) is pleased to announce it has filed on SEDAR its audited financial statements and related Management's Discussion and Analysis ("MD&A") for the three months ended March 31, 2015. Selected financial and operational information is outlined below and should be read in conjunction with Legacy's audited financial statements and the related MD&A which are available for review at www.legacyoilandgas.com [Read more]
DeeThree Exploration Ltd. Announces 2015 First Quarter Financial Results and Operational Update
CALGARY, ALBERTA--(Marketwired - May 13, 2015) - DEETHREE EXPLORATION LTD. ("DeeThree" or the "Company") (TSX:DTX)(OTCQX:DTHRF) is pleased to release an operational update and its financial and operational results for the quarter ended March 31, 2015. FINANCIAL AND OPERATIONAL HIGHLIGHTS Financial and operational highlights for the interim period ended March 31, 2015 with comparative data for 2014 are set out below and should be read in conjunction with the financial statements and related [Read more]
Spyglass Resources Corp. Announces Voting Results from Annual General Meeting
CALGARY, May 13, 2015 /CNW/ - Spyglass Resources Corp. ("Spyglass", or the "Company") (TSX: SGL, OTCQX: SGLRF) announces the voting results from its Annual General Meeting of shareholders held on May 13, 2015 in Calgary, Alberta (the "Meeting"). Each of the matters voted on at the Meeting is outlined in the Information Circular dated March 25, 2015 and is available on the company's website at www.spyglassresources.com and on SEDAR at www.sedar.com. Proxies or ballots were received for a [Read more]
Delphi Energy Reports First Quarter Results
CALGARY, ALBERTA--(Marketwired - May 13, 2015) - Delphi Energy Corp. (TSX:DEE) ("Delphi" or the "Company") is pleased to announce its financial and operational results for the quarter ended March 31, 2015. First Quarter 2015 Highlights Produced an average of 11,002 barrels of oil equivalent per day ("boe/d") in the first quarter of 2015, an increase of seven percent over the comparative quarter of 2014 including production curtailments of 500 boe/d; Successfully drilled two gross (1.7 [Read more]
Connacher Announces Q1 2015 Results
CALGARY, May 13, 2015 /CNW/ - Connacher Oil and Gas Limited (CLL - TSX; "Connacher" or the "Company") announces its financial and operating results for the quarter-ended March 31, 2015 ("Q1 2015") (all amounts are in Canadian dollars unless otherwise noted). As previously announced, the Company closed its recapitalization on May 8, 2015. At the opening of trading on Thursday, May 14, 2015, the common shares of Connacher will commence trading on a 1-for-800 consolidated basis under the new [Read more]
Storm Resources Ltd. (“Storm” or the “Company”) is Pleased to Announce Its Financial and Operating Results for the Three Months Ended March 31, 2015
CALGARY, ALBERTA--(Marketwired - May 13, 2015) - Storm Resources Ltd. (TSX VENTURE:SRX) has also filed its unaudited condensed interim consolidated financial statements as at March 31, 2015 and for the three 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 months ended March 31, [Read more]
Painted Pony Announces Increased Credit Facilities to $325 Million and First Quarter 2015 Financial and Operating Results
CALGARY, ALBERTA--(Marketwired - May 13, 2015) - Painted Pony Petroleum Ltd. ("Painted Pony" or the "Corporation") (TSX:PPY) is pleased to announce an increase to the Corporation's credit facilities and its first quarter 2015 financial and operating results. Highlights include: An increase in the Corporation's credit facilities to $325 million from $175 million; 67% increase in average production to 16,243 boe/d (97.5 MMcfe/d); 126% increase in average natural gas liquids ("NGL") [Read more]
Zargon Oil & Gas Ltd. Provides 2015 First Quarter Results
CALGARY, ALBERTA--(Marketwired - May 13, 2015) - Zargon Oil & Gas Ltd. ("Zargon" or the "Company") (TSX:ZAR)(TSX:ZAR.DB). FINANCIAL AND OPERATING HIGHLIGHTS (THREE MONTHS ENDED MARCH 31, 2015) Funds flow from operating activities of $7.2 million were 43 percent lower than the $12.6 million recorded in the prior quarter, and 53 percent lower than the $15.3 million reported in first quarter of 2014. Funds flow from operating activities for the 2015 first quarter included reductions of [Read more]