CALGARY, ALBERTA--(Marketwired - May 21, 2015) - Questfire Energy Corp. (the "Corporation" or "Questfire") (TSX VENTURE:Q.A)(TSX VENTURE:Q.B) is pleased to announce that it has filed on SEDAR its unaudited financial statements and related management's discussion and analysis ("MD&A") for the three month period ended March 31, 2015. Financial and Operating Highlights Three months ended March 31, 2015 2014 Financial Oil and natural gas [Read more]
News
Kicking Horse Energy Inc. Announces Financial and Operating Results for the Three Months Ended March 31, 2015
CALGARY, AB--(Marketwired - May 21, 2015) - Kicking Horse Energy Inc. ("Kicking Horse" or the "Company") (TSX VENTURE: KCK) reports its operating and financial results for the three months ended March 31, 2015. The condensed interim consolidated financial statements and notes, as well as Management's Discussion and Analysis ("MD&A") for the three months ended March 31, 2015 are available on Kicking Horse's website and have been filed on SEDAR. Highlights for Three Months Ended March 31, [Read more]
Pembina Pipeline Corporation to Provide Terminalling Services for Sturgeon Refinery; Signs Deal for New Pipeline Lateral
CALGARY, May 21, 2015 /CNW/ - Pembina Pipeline Corporation ("Pembina" or "the Company") (TSX: PPL; NYSE: PBA) announced that it will provide terminalling services for the North West Redwater Partnership ("North West") with respect to North West's planned refinery (the "Sturgeon Refinery"). Separately, the Company also announced that it has entered into agreements to construct a new pipeline lateral in the Karr area of Alberta (the "Karr Lateral") to service growing production from the Montney [Read more]
Yangarra Announces Closing of Bought Deal Financing
CALGARY, ALBERTA--(Marketwired - May 21, 2015) - Yangarra Resources Ltd. ("Yangarra" or the "Corporation") (TSX:YGR) announces the closing of its previously announced "bought deal" financing, completed by way of a short form prospectus, for the sale of 3,333,500 common shares of the Corporation (the "Common Shares") at a price of $1.80 per share, 1,010,500 common shares of the Corporation (the "CDE FT Shares") issued on a "flow through" basis in respect of "Canadian development expenses" within [Read more]
Ikkuma Resources Corp. Announces First Quarter 2015 Financial and Operating Results and Increased Production Guidance
CALGARY, May 21, 2015 /CNW/ - Ikkuma Resources Corp. ("Ikkuma" or the "Corporation") (TSXV: IKM) is pleased to report its financial and operating results for the three months ended March 31, 2015. Selected financial and operational information is set out below and should be read in conjunction with Ikkuma's interim condensed financial statements and the related management's discussion and analysis ("MD&A") for the three months ended March 31, 2015. Ikkuma's condensed interim financial [Read more]
Husky Energy Begins Steam Operations at Rush Lake
CALGARY, AB--(Marketwired - May 21, 2015) - Husky Energy (TSX: HSE) has started commercial steam operations at the 10,000 barrels per day (bbls/day) Rush Lake heavy oil thermal project in Saskatchewan, approximately eight weeks ahead of schedule. Like the Company's other thermal projects, Rush Lake is expected to ramp up to full production in a short time period. "Rush Lake is the latest in a series of long life, low sustaining capital thermal projects we are advancing in our heavy oil [Read more]
Cheaper oil isn’t such a benefit for US economy anymore as pullbacks in drilling cause damage
WASHINGTON - If there was one thing most economists agreed on at the start of the year, it was this: Plunging oil prices would boost the U.S. economy.It hasn't worked out that way.The economy is thought to have shrunk in the January-March quarter and may barely grow for the first half of 2015 — thanks in part to sharp cuts in energy drilling. And despite their savings at the gas pump, consumers have slowed rather than increased their spending.At $2.71 a gallon, the average price of gas [Read more]
B.C., Petronas sign deal toward proposed LNG project in province’s northwest
VICTORIA - Plans to build a $36-billion liquefied natural gas export facility on British Columbia's northwest coast moved forward Wednesday, although there's no green light yet signalling the project's official start. The B.C. government and Malaysian energy giant Petronas signed a memorandum of understanding that could lead to a project-development agreement and eventually the construction of an LNG plant at Lelu Island near Prince Rupert.Premier Christy Clark said once Petronas-controlled [Read more]
TORC Oil & Gas Announces Closing of Financings and Reiterates $125 Million Capital Budget and Production Guidance
CALGARY, May 20, 2015 /CNW/ - TORC Oil & Gas Ltd. ("TORC" or the "Company") (TSX:TOG) is pleased to announce the closing today of its previously announced bought deal prospectus offering of subscription receipts (the "Bought Deal Financing") and its previously announced private placement of subscription receipts (the "CPPIB Investment") to the Canada Pension Plan Investment Board ("CPPIB"). Pursuant to the Bought Deal Financing, TORC issued 28,520,000 subscription receipts at a price of [Read more]
Are US Drillers Actually Making A Comeback?
Is US shale about to make a comeback? Oil prices have rebounded strongly since March. The benchmark WTI prices soared by more than 36 percent in two months, and Brent has jumped by more than 25 percent. There is a newfound bullishness in the oil markets – net long positions on Brent crude have hit multi-year highs in recent weeks on a belief that US supply is on its way down. That was backed up by recent EIA data that predicts an 86,000 barrel-per-day contraction for June. The Eagle Ford [Read more]