CALGARY, May 13, 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 months ended March 31, 2015. Highlights of Twin Butte's successful first quarter 2015 are as follows: Generated record funds flow of $55.4 million ($0.16/share). Continued the transition to a medium gravity, oil-focused producer with medium barrels accounting for 50% of oil production in the first quarter. Reduced [Read more]
News
Harper government keeps pitching oil pipelines in U.S., even if Alberta won’t
OTTAWA - A new political reality surfaced Wednesday in which Ottawa is aggressively marketing an Alberta pipeline project that the new provincial government says it won't promote and doesn't even want.Finance Minister Joe Oliver's speech Wednesday before a Wall Street crowd makes it clear Ottawa is happy to take over from the Alberta government when it comes to pitching the stalled Keystone XL project in the United States.The federal Conservative government's latest Keystone pitch comes just [Read more]
Gear Energy Ltd. Announces First Quarter 2015 Operating Results and Increased Capital Budget
CALGARY, ALBERTA--(Marketwired - May 13, 2015) - Gear Energy Ltd. ("Gear" or the "Company") (TSX:GXE) is pleased to provide the following first quarter operating update and budget guidance to shareholders. Gear's Interim Financial Statements and related Management's Discussion and Analysis (MD&A) for the period ended March 31, 2015 are available for review on Gear's website at www.gearenergy.com and on www.sedar.com. Financial Summary Three months ended (Cdn$ [Read more]
Birchcliff Energy Ltd. Announces Record Quarterly Production, Strong First Quarter Results and an Operational Update
CALGARY, ALBERTA--(Marketwired - May 13, 2015) - Birchcliff Energy Ltd. ("Birchcliff") (TSX:BIR) is pleased to announce record average quarterly production of 38,416 boe per day during the first quarter of 2015, a reduction in operating costs and an increase to its credit facilities. Birchcliff is also pleased to announce strong first quarter financial and operational results as well as an operational update. The full text of Birchcliff's First Quarter Report containing the unaudited interim [Read more]
Shell exploration plans in Alaska stoking concern, hope in Canada
CALGARY - Royal Dutch Shell's plans to explore for oil off Alaska's northwestern coast are being closely watched in Canada with a mixture of hope and concern.Earlier this week, the energy giant cleared a major hurdle when the U.S. Bureau of Ocean Energy Management approved a multi-year exploration plan in the Chukchi Sea, though it still needs to obtain other federal and state permits.Shell isn't active in the Canadian Arctic these days, but both proponents and critics say the U.S. decision has [Read more]
Saturn Minerals Inc. Announces Drilling of Bannock Creek Oil Exploration Well
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 13, 2015) - Saturn Minerals Inc. (TSX VENTURE:SMI)(FRANKFURT:SMK) ("Saturn" or the "Company") is pleased to announce that further to the Company's news release dated April 24, 2015 road bans in the Bannock Creek Property area have been lifted and property ground conditions have enabled the Company to move a rig and crew to the property. The Bannock Creek exploration well has now been spudded and drilling of the Bannock Creek Well is underway, (see [Read more]
Groups call on National Energy Board to suspend Energy East application
TORONTO - More than 60 organizations are calling on the National Energy Board to suspend TransCanada's application for the Energy East Pipeline.Groups including Greenpeace Canada, the Council of Canadians and the David Suzuki Foundation said in a letter to the federal pipeline regulator that it should suspend the review process while waiting for new information from the company.TransCanada Corp. (TSX:TRP) is due to update its application for the pipeline in the last quarter of this year with a [Read more]
RockBridge Company Update
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 13, 2015) - RockBridge Resources Inc. ("RockBridge" or the "Company") (TSX VENTURE:RBE) is pleased to provide this brief update. RockBridge, with interests in several operated and non-operated oil and gas properties in Alberta and BC, has current production of approximately 105 boepd, weighted about 85% to natural gas and the balance to oil and liquids. RockBridge has now updated and relaunched its website, which can be found at [Read more]
Barnwell Industries, Inc. Reports Results for the Second Quarter and Six Months Ended March 31, 2015
HONOLULU, May 13, 2015 (GLOBE NEWSWIRE) -- Barnwell Industries, Inc. (NYSE MKT:BRN) today reported net losses of $2,017,000 ($0.24 per share) and $2,484,000 ($0.30 per share) for the three and six months ended March 31, 2015, respectively, as compared to net losses of $285,000 ($0.03 per share) and $1,274,000 ($0.15 per share) for the three and six months ended March 31, 2014, respectively. Mr. Morton H. Kinzler, Chairman and Chief Executive Officer of Barnwell, commented, "The loss for the [Read more]
Spyglass Resources Corp. Announces 2015 First Quarter Results
CALGARY, May 13, 2015 /CNW/ - Spyglass Resources Corp. ("Spyglass", or the "Company") (TSX: SGL, OTCQX: SGLRF) announces unaudited interim financial and operating results for the quarter ended March 31, 2015. Selected financial and operational information is outlined below and should be read in conjunction with Spyglass' interim Consolidated Financial Statements and Management's Discussion and Analysis on www.sedar.com and also available at www.spyglassresources.com. First Quarter [Read more]