CALGARY, ALBERTA--(Marketwired - March 23, 2015) - Cardinal Energy Ltd. ("Cardinal" or the "Company") (TSX:CJ) is pleased to announce its operating and financial results for the quarter and year ended December 31, 2014 which marked the first full operating year for Cardinal as a public company. FINANCIAL AND OPERATING HIGHLIGHTS Three months ended Year ended December 31 December 31 ($000's except shares, per share and per boe [Read more]
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Striker Exploration Corp. Announces 2014 Year-End Reserves and Provides Operations Update Including Details of Belly River Acquisition
CALGARY, ALBERTA--(Marketwired - March 23, 2015) - Striker Exploration Corp. ("Striker" or the "Company") (TSX VENTURE:SKX) is pleased to provide a summary of its 2014 year-end reserves and an update of operations, including details of a recent acquisition. The highlights and reserves summary below sets forth Striker's gross reserves as at December 31, 2014, as evaluated in an independent report prepared by GLJ Petroleum Consultants Ltd. ("GLJ") dated March 19, 2015 (the "GLJ Report"). [Read more]
Toro Oil & Gas Ltd. Provides 2014 Year-End Reserves
CALGARY, ALBERTA--(Marketwired - March 23, 2015) - Toro Oil & Gas Ltd. (TSX VENTURE:TOO) ("Toro" or the "Company") is pleased to announce the results of its independent reserve evaluation by Sproule Associates Limited ("Sproule") as of December 31, 2014. The evaluation includes the recently acquired Hamilton Lake core property in addition to the legacy assets assumed through the recapitalization of Kallisto Energy Corp ("Kallisto") on October 1, 2014. With the recapitalization and subsequent [Read more]
‘Go big’: Inside the $24 million, two-year federal plan to market Canadian oil
WASHINGTON D.C., United States - The multimillion-dollar campaign to market Canadian oil in the U.S. was hard to miss.The Maple Leaf was plastered on the walls of subway stops in Washington, D.C., and it popped up in all sorts of American publications with messages like, "America's Best Energy Partner," and "Friends and Neighbors."Documents obtained by The Canadian Press offer a peek at the behind-the-scenes strategic considerations in 2013, as the federal government conducted a $1.6-million [Read more]
LGX Oil + Gas Inc. comments on recent market activity
CALGARY, March 20, 2015 /CNW/ - LGX Oil + Gas Inc. ("LGX" or the "Company") (TSXV: OIL) wishes to comment on the unusual recent market activity in its stock. Although it is generally the Company's policy to not comment on market rumours or activities, the Company advises that it is not aware of any undisclosed material change that would account for the recent market activity. As previously disclosed, the Company intends to release its annual operational and financial results for 2014 on March [Read more]
US oil and natural gas rig count drops by 56 to 1,069, Texas down 36, with oil price slump
HOUSTON - Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. tumbled by 56 this week to 1,069 amid slumping oil prices.Houston-based Baker Hughes said Friday 825 rigs were seeking oil and 242 exploring for natural gas. Two were listed as miscellaneous. A year ago, 1,803 rigs were active.Among major oil- and gas-producing states, Texas lost 36 rigs and Louisiana 18. New Mexico declined by five, North Dakota and Ohio each dropped three [Read more]
Connacher Oil and Gas Limited Clarifies Procedures Associated with its Recapitalization and Extends Deadline
CALGARY, March 20, 2015 /CNW/ - Connacher Oil and Gas Limited (CLL – TSX; "Connacher" or the "Company") is providing clarification in connection with its previously announced planned recapitalization transaction (the "Recapitalization"), details of which are set forth in the management information circular dated February 20, 2015 ("Information Circular") which is available on the Company's website at www.connacheroil.com and on SEDAR under the Company's profile at www.sedar.com. Upon [Read more]
Irving Oil has agreed, subject to court approval, to contribute to the Lac-Mégantic compensation fund
SAINT JOHN, NB, March 20, 2015 /CNW/ - Irving Oil has agreed, subject to court approval, to contribute $75 Million (CDN) to the compensation fund that has been established for those suffering losses as the result of the Lac-Mégantic derailment. We fully support the establishment of the fund as an industry-wide response to the tragedy, which will provide substantial payments without further lengthy legal proceedings. About Irving Oil Irving Oil was founded in 1924 and is a privately owned [Read more]
Encana Announces Closing of Over-Allotment Option in Connection With Bought Deal Offering
CALGARY, AB--(Marketwired - March 20, 2015) - Encana Corporation ("Encana") (TSX: ECA) (NYSE: ECA) announced today that, in connection with its completed offering of 85,616,500 common shares of Encana (the "Shares") at a price of C$14.60 per Share (the "Offering Price"), the over-allotment option granted to the underwriters to purchase up to an additional 12,842,475 Shares (the "Over-Allotment Option") at the Offering Price was exercised in full for additional aggregate gross proceeds to Encana [Read more]
Marquee Energy Ltd. announces record financial and operating results for 2014 and the sale of a production volume royalty on its Lloydminster property
CALGARY, March 19, 2015 /CNW/ - Marquee Energy Ltd. ("Marquee" or the "Company") (TSXV: "MQL") announces record production and funds flow from operations for the year ended December 31, 2014. The Company's financial statements and Management's Discussion and Analysis ("MD&A") for the three and twelve months ended December 31, 2014 are available on SEDAR at www.sedar.com and on Marquee's website at www.marquee-energy.com. Marquee is also pleased to announce that it has entered into a [Read more]