CALGARY, ALBERTA--(Marketwired - March 25, 2015) - Hawk Exploration Ltd. ("Hawk" or the "Corporation") (TSX VENTURE:HWK.A) is pleased to provide an operations update and a summary of its December 31, 2014 reserve information as evaluated by GLJ Petroleum Consultants Ltd. ("GLJ"). HIGHLIGHTS Increased total proved plus probable reserves by 59% to 2,875 thousand barrels of oil equivalent ("MBoe") from 1,814 MBoe; Increased total proved reserves by 17% to 1,335 MBoe from 1,145 [Read more]
News
Canada's Oil Industry to Lose Money and Jobs in 2015
OTTAWA, March 25, 2015 /CNW/ - The collapse of oil prices in the second half of 2014 will take a bite out of the Canadian oil industry's finances. Revenues are expected to fall by 37 per cent and the industry will post a pre-tax loss of more than $3 billion and shed close to 8,000 jobs this year, according to The Conference Board of Canada's latest Canadian Industrial Outlook: Canada's Oil Extraction Industry. "With WTI prices now hovering below US$50 and most projections climbing slowly to [Read more]
LGX Oil + Gas Inc. Announces Year-end Results, 2015 Guidance and Filing of Annual Information Form
CALGARY, March 24, 2015 /CNW/ - LGX Oil + Gas Inc. ("LGX" or the "Company") (TSXV:OIL) is pleased to announce it has filed on SEDAR its audited financial statements and related Management's Discussion and Analysis ("MD&A") for the year ended December 31, 2014 as well as its annual information form ("AIF") for the year ended December 31, 2014. Selected financial and operational information is outlined below and should be read in conjunction with LGX's audited financial statements, the [Read more]
Seven Generations Energy Ltd. Announces Executive Changes
CALGARY, March 24, 2015 /CNW/ - Seven Generations Energy Ltd. ("7G" or the "Company") (TSX: VII) announced today that Mr. Harry Cupric will be resigning as Chief Financial Officer effective March 31, 2015. Pat Carlson, CEO said, "We are very grateful to Harry for his formative contribution to the Company, especially the diligence and professionalism displayed in taking us from a private company with just a few wells to a large publicly traded company. Harry's effective style made an important [Read more]
Connacher Announces Q4 2014 and Year-End 2014 Results
CALGARY, March 24, 2015 /CNW/ - Connacher Oil and Gas Limited (CLL - TSX; "Connacher" or the "Company") announces its financial and operating results for the quarter and the year-ended December 31, 2014 (all amounts are in Canadian dollars unless otherwise noted). The Company's annual financial statements and related management's discussion and analysis ("MD&A") for the quarter- and the year-ended December 31, 2014 can be accessed on Connacher's website at www.connacheroil.com and on [Read more]
Marquee Energy Ltd. Announces the Closing of a Production Volume Royalty Sale for $20 Million on its Lloydminster Property
CALGARY, March 24, 2015 /CNW/ - Marquee Energy Ltd. ("Marquee" or the "Company") (TSXV: "MQL") has closed the previously announced sale of a static production volume royalty ("PVR") on its Lloydminster property for net proceeds of $20 million. The sale (the "Transaction") provides a non-dilutive source of funding to Marquee which will be used to reduce debt and to fund the Company's 2015 Michichi capital expenditure program. The Transaction highlights Marquee's focus on the continued [Read more]
Oil conference presenters say oilsands environmental record improving
EDMONTON - It's a seemingly small thing, the matter of a dozen or so degrees difference in the water temperature during one part of the lengthy and complex process of squeezing oil from Alberta bitumen.But it's saving energy and shaving a significant amount of greenhouse gases from the production of every barrel."Behind the scenes, the development of these technologies is always happening," said Vicki Lightbrown of Alberta Innovates, one of several partners in the project now being [Read more]
Maple Leaf Royalties Corp. Enters Agreement to Purchase Oil and Gas Assets
CALGARY, ALBERTA--(Marketwired - March 23, 2015) - Maple Leaf Royalties Corp. (TSX VENTURE:MPL) ("Maple Leaf" or the "Company") is pleased to announce that it has entered into a definitive purchase agreement with Maple Leaf 2012-II Energy Income Limited Partnership ("Vendor") pursuant to which it has agreed to acquire various royalty interests and non-operated working interests in a total of 17 oil and natural gas wells in Alberta and Saskatchewan (the "Acquired Assets") in consideration of the [Read more]
Touchstone Announces Total Proved Plus Probable Reserves of 17.8 Million Boe
CALGARY, ALBERTA--(Marketwired - March 24, 2015) - Touchstone Exploration Inc. ("Touchstone" or the "Company") (TSX:TXP) announces the results of the independent December 31, 2014 reserve evaluation (the "Reserves Report") with respect to the Company's crude oil and natural gas reserves in Canada and the Republic of Trinidad and Tobago ("Trinidad"). Amounts herein are in Canadian dollars unless otherwise stated. Touchstone's year-end reserves were evaluated by independent reserves evaluator [Read more]
Twin Butte Energy announces 2014 year end financial and operating results: Record cash flow, executive appointment
CALGARY, March 23, 2015 /CNW/ - (TSX: TBE) - Twin Butte Energy Ltd. ("Twin Butte" or the "Company") is pleased to report financial and operational results for the three and twelve months ended December 31, 2014, along with year-end reserves, an operational update and executive appointment. Just under a year ago as part of a review of the Company's operations and opportunities, the Board of Directors initiated strategic changes to accelerate the transition of Twin Butte to a medium gravity, [Read more]