CALGARY, ALBERTA--(Marketwired - May 29, 2015) - STORM RESOURCES LTD. ("Storm" or the "Company") (TSX VENTURE:SRX) is pleased to announce that it has entered into a definitive purchase and sale agreement with an oil and gas company with respect to the disposition (the "Disposition") of the Company's properties (the "Assets") in the Grande Prairie area of northwest Alberta. Details of the Disposition are as follows: Disposition price is $24.0 million, subject to standard closing adjustments. [Read more]
News
Oil downturn drags down GDP numbers, but worst of slump likely over: expert
CALGARY - The ugliness isn't over for Alberta's oilpatch but the worst of it has likely passed, observers said Friday as Statistics Canada posted some gloomier-than-expected economic data."I think the mood and apprehension was far worse in January than it is now," said ATB Financial chief economist Todd Hirsch."That said, you wouldn't call the current environment bright."The Statistics Canada figures showed the Canadian economy contracted by 0.6 per cent during the first quarter on an annualized [Read more]
3MV Energy Announces First Quarter 2015 Results
CALGARY, May 28, 2015 /CNW/ - 3MV Energy Corp. ("3MV" or the "Company") (TSXV: TMV) is pleased to report its financial and operating results for the three months ended March 31, 2015. 3MV's unaudited financial statements and related management's discussion and analysis for the three months ended March 31, 2015 have been filed and are available on the SEDAR website at www.sedar.com and on the Company's website at www.3mvenergy.com. 3MV announces the following financial and operating [Read more]
Teine Energy Ltd. Announces Leadership Change
CALGARY, May 28, 2015 /CNW/ - Teine Energy Ltd. "Teine" or the "Company" announces that Mr. David Tuer will be resigning as Chief Executive Officer and Vice-Chairman of the Company effective June 22, 2015. Mr. Tuer has also resigned as a director effective immediately. Teine's management and its directors thank Mr. Tuer for his service and wish him the best in his future endeavours. Teine also announces that Mr. Jason Denney has been appointed as President and a Director of the Company at a [Read more]
Quattro Files Annual Financial Statements, Reports Year End Profit of $0.06 Per Share
CALGARY, Alberta, May 28, 2015 (GLOBE NEWSWIRE) -- Quattro Exploration and Production Ltd. (TSX-V:QXP) ("Quattro" or the "Company") is pleased to announce for its full year ending December 31st, 2014, CDN $0.06 per share earnings. The Company recorded revenues of $18,003,880, representing 478% growth over year end 2013. In achieving strong results Quattro continued to focus on developing a strong and improving financial position as the foundation for further growth, while continuing its [Read more]
StonePoint Energy Inc. Announces First Quarter Financial and Operating Results
CALGARY, ALBERTA--(Marketwired - May 28, 2015) - StonePoint Energy Inc. (TSX VENTURE:STO) ("StonePoint" or the "Company") is pleased to announce it has filed on SEDAR its financial statements and related management's discussion and analysis ("MD&A") for the three months ended March 31, 2015. The financial statements and MD&A will be available for review on SEDAR at www.sedar.com as well as the Company's website at www.stonepointenergy.com. The first quarter of 2015 was relatively [Read more]
Southern Pacific Creditors File Receivership Application
CALGARY, ALBERTA--(Marketwired - May 28, 2015) - Southern Pacific Resource Corp. (the "Company" or "Southern Pacific") announced today that the Company's First Lien Term Loan Creditors have filed an application with the Court of Queen's Bench of Alberta to place the Company into Receivership and appoint a Receiver to manage the Company's affairs. PwC Canada ("PWC") had been appointed by the Court as monitor under the existing CCAA proceedings and has been proposed as the Receiver in order to [Read more]
Alberta recession unavoidable: report
CALGARY - A recession is unavoidable in Alberta this year, according to a report by the Conference Board of Canada.The province's economy is expected to shrink by 0.7 per cent in 2015, even though oil prices seem to have stabilized at around US$60 a barrel, the Ottawa-based economic think tank said Thursday.Next year, it's calling for modest growth of 1.1 per cent."Alberta's economic performance will be underwhelming this year and next, especially compared with recent years," said [Read more]
Leucrotta Exploration Corporate Update
CALGARY, ALBERTA--(Marketwired - May 28, 2015) - Leucrotta Exploration Inc. ("Leucrotta" or the "Company") (TSX VENTURE:LXE) is pleased to announce a corporate update following the previously announced sale of a portion of its Northeast British Columbia assets. The assets were sold for approximately $80 million and has left the Company in a strong financial position and with significant flexibility to execute its business plan on its remaining 172 net sections of Montney in the Greater Dawson [Read more]
Hemisphere Energy Announces Q1 2015 Financial and Operating Results
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 27, 2015) - Hemisphere Energy Corporation (TSX VENTURE:HME) ("Hemisphere" or the "Company") is pleased to announce its financial and operating results for the three months ended March 31, 2015. Q1 2015 Highlights Achieved record quarterly production averaging 995 boe/d (84% oil and NGL), a 76% increase over the first quarter of 2014 and a 12% increase over the fourth quarter of 2014. Realized a $20.42/boe operating netback during a [Read more]