VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 19, 2015) - Saturn Minerals Inc. (TSX VENTURE:SMI)(FRANKFURT:SMK) ("Saturn" or the "Company") announces an update on the results from its operated 9-5 Bannock Creek exploration well in northeast Saskatchewan which commenced drilling on May 12, 2015. The current drilling team and rig have not reached the three targeted zones of the Yeoman, Deadwood and Winnipeg sands, with the drill bit reaching a total depth of 560 meters, approximately 70 [Read more]
News
Arctic drilling foes try to stop work on Shell rig; city issues violation notice
SEATTLE - Neither a protest by hundreds of demonstrators nor a permit violation notice from the city will halt Royal Dutch Shell's use of a Seattle seaport terminal as it prepares for exploratory oil drilling in the Arctic Ocean, spokesmen say.The violation notice issued Monday by the Seattle Department of Planning and Development said use of Terminal 5 by a massive floating drill rig was in violation of the site's permitted use as a cargo terminal. The 400-foot Polar Pioneer and its support tug [Read more]
DeeThree Announces Completion of Corporate Reorganization
CALGARY, ALBERTA--(Marketwired - May 15, 2015) - DEETHREE EXPLORATION LTD. ("DeeThree") (TSX:DTX)(OTCQX:DTHRF) and BOULDER ENERGY LTD. ("Boulder") are pleased to announce the completion of the reorganization of DeeThree into two, oil-focused and independent, publicly traded energy companies pursuant to a plan of arrangement (the "Reorganization"). The name of DeeThree was changed to "Granite Oil Corp." ("Granite") concurrently with the completion of the Reorganization. Under the [Read more]
Anderson Energy Announces 2015 First Quarter Results
CALGARY, ALBERTA--(Marketwired - May 15, 2015) - Anderson Energy Inc. ("Anderson" or the "Company") (TSX:AXL) announces its operating and financial results for the first quarter ended March 31, 2015. The Company will be filing its unaudited condensed interim financial statements and management's discussion and analysis ("MD&A") for the three months ended March 31, 2015 on SEDAR today. Copies can be found under the Company's profile on www.sedar.com and on the Company's website at [Read more]
US oil and natural gas rig count drops by 6 to 888; down 6 in Texas
HOUSTON - Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. declined by six this week to 888.Houston-based Baker Hughes said Friday that 660 rigs were seeking oil and 223 explored for natural gas. Five were listed as miscellaneous. A year ago, 1,861 rigs were active.Among major oil- and gas-producing states, Texas lost six rigs, Wyoming declined by two and Alaska, Arkansas, North Dakota and Pennsylvania each lost one.Kansas gained [Read more]
Paramount Resources Ltd. Announces Proposed Issuance of Up to US$400 Million of Senior Unsecured Notes and Conditional Redemption of All of Its Senior Unsecured Notes Due 2017
CALGARY, ALBERTA--(Marketwired - May 15, 2015) - Paramount Resources Ltd. ("Paramount" or the "Company") (TSX:POU) announced today that it intends to conduct, subject to market and other conditions, a proposed offering of up to US$400 million aggregate principal amount of 8 year senior unsecured notes (the "New Notes"). The Company intends to use the net proceeds from the New Notes offering to redeem all of its outstanding 8.25% senior unsecured notes due 2017 in the aggregate principal amount [Read more]
Questerre implements focused capital program for 2015
CALGARY, May 15, 2015 /CNW/ - ""Questerre Energy Corporation ("Questerre" or the "Company") (TSX,OSE:QEC) reported today on its financial and operating results for the quarter ended March 31, 2015. Michael Binnion, President and Chief Executive Officer, commented, "With the sustained decline in commodity prices we executed on a cost reduction strategy in the first quarter of this year. We implemented a restricted capital budget for the Montney. It included the expansion of our central facility [Read more]
Petrus Resources Ltd. Announces First Quarter 2015 Results
CALGARY, ALBERTA--(Marketwired - May 14, 2015) - Petrus Resources Ltd. ("Petrus" or the "Company") is pleased to report operating and financial results for the first quarter of the 2015 fiscal year. Average production of 9,333 boe per day (44% oil and liquids) in the first quarter was double the 4,373 boe per day (51% oil and liquids) reported for the first quarter of 2014. In late April, production was estimated at 9,700 boe per day. Since mid-January, Petrus sales volumes have been [Read more]
Cequence Energy Announces First Quarter Financial and Operating Results
CALGARY, May 14, 2015 /CNW/ - Cequence Energy Ltd. ("Cequence" or the "Company") (TSX: CQE) is pleased to announce its operating and financial results for the three month period ended March 31, 2015. The Company's Consolidated Financial Statements and Management's Discussion and Analysis are available at cequence-energy.com and on SEDAR at www.sedar.com. First Quarter 2015 Highlights Successfully completed the 13 well winter drilling program including facility expansion at [Read more]
Terra Energy Releases First Quarter 2015 Results
CALGARY, ALBERTA--(Marketwired - May 14, 2015) - Terra Energy Corp. ("Terra" or the "Corporation") (TSX:TT) announces its financial and operating results for the three month period ended March 31, 2015. Copies of Terra's first quarter results may be obtained at www.sedar.com or www.terraenergy.ca. First Quarter 2014 Results Three months ended March 31 ($ in thousands, except per share and boe amounts) 2015 $ 2014 $ 2015 ($/boe) 2014 ($/boe) Revenue before [Read more]