CALGARY, ALBERTA--(Marketwired - March 10, 2015) - Gear Energy Ltd. ("Gear" or the "Company") (TSX:GXE) is pleased to present the results and analysis of its 2014 year-end independent reserve report. HIGHLIGHTS Added 6,864 mboe of Proved plus Probable ("P+P") reserves, replacing 312 per cent of 2014 total production and yielding a 30 per cent increase over 2013 (eight per cent growth per debt adjusted share). Additions on a Total Proved basis of 4,579 mboe, a 27 per cent increase [Read more]
News
Gear Energy Ltd. Announces Fourth Quarter and Year-End 2014 Results
CALGARY, ALBERTA--(Marketwired - March 10, 2015) - Gear Energy Ltd. ("Gear" or the "Company") (TSX:GXE) is pleased to provide the following fourth quarter and year-end operating update to shareholders. For more information in conjunction with this release, please refer to Gear's Annual Audited Financial Statements, Management's Discussion and Analysis (MD&A) for the years ended December 31, 2014 and 2013, and 2014 Reserves Press Release titled "Gear Energy Ltd. Announces 30 Per Cent Increase [Read more]
Zargon Oil & Gas Ltd. Provides 2014 Fourth Quarter and Full Year Financial Results
CALGARY, ALBERTA--(Marketwired - March 10, 2015) - Zargon Oil & Gas Ltd. ("Zargon" or the "Company") (TSX:ZAR)(TSX:ZAR.DB) - HIGHLIGHTS FROM THE FOURTH QUARTER AND YEAR ENDED DECEMBER 31, 2014 For calendar 2014, funds flow from operating activities of $50.67 million ($1.68 per basic share) was 13 percent lower than the $58.48 million ($1.95 per basic share) recorded in the prior year. Oil and liquids production averaged 4,190 barrels of oil and [Read more]
Arsenal Energy Inc. Releases 2014 Fourth Quarter Results
CALGARY, ALBERTA--(Marketwired - March 10, 2015) - Arsenal Energy Inc. ("Arsenal" or the "Company") (TSX:AEI)(OTCQX:AEYIF) is pleased to release its 2014 Q4 financial and operational results. Cash flow for the fourth quarter was a record $16.9 million or $0.98 per share, a 75% increase from 2013 Q4. Cash flow for the year was a record $54.6 million or $3.29 per share, a 36% increase from 2013. SUMMARY OF FINANCIAL RESULTS Three Months Ended December 31 Year Ended [Read more]
Kelt Reports Financial and Operating Results for the Quarter and Year Ended December 31, 2014
CALGARY, AB--(Marketwired - March 10, 2015) - Kelt Exploration Ltd. ("Kelt" or the "Company") (TSX: KEL) has released its financial and operating results for the quarter and year ended December 31, 2014. The Company's financial results are summarized as follows: Three months ended Year ended FINANCIAL HIGHLIGHTS December 31 December 31 (CAD$ thousands, except as otherwise [Read more]
Sunshine Oilsands Ltd. Announces NI 51-101 Reserves and Resources Evaluations for Best Estimate Contingent Resources and Reserves Categories as at December 31, 2014
CALGARY, Alberta and HONG KONG, March 10, 2015 /CNW/ -- - NI 51-101 Best Estimate Contingent Resources PV10% Estimate Increased by 46% to CDN$6.64 billion, and 2P Reserves PV10% Estimate Increased by 41% to CDN$650 Million. Sunshine Oilsands Ltd. (the "Corporation" or "Sunshine") (HKEX: 2012, TSX: SUO) today announced the results of its reserves and resource evaluations, effective as at December 31, 2014. Unless otherwise defined herein, capitalised terms in this press release shall have [Read more]
Pengrowth Energy Corporation Provides Update on Lindbergh Commercial Project and Confirms Cdn $0.02 Cash Dividend Payable April 15, 2015
CALGARY, ALBERTA--(Marketwired - March 9, 2015) - Pengrowth Energy Corporation (TSX:PGF)(NYSE:PGH) announces that steaming operations at its Lindbergh commercial facility have progressed as planned with all three well pads on circulation and with well pairs following the same production profile as the pilot well pairs. Steaming operations on each well pad were intentionally staggered by a few weeks to allow for a smooth transition of operation through the stages of circulation. With all three [Read more]
Raging River Exploration Inc. Announces Fourth Quarter & Year End 2014 Operating and Financial Results
CALGARY, ALBERTA--(Marketwired - March 9, 2015) - Raging River Exploration Inc. (the "Company" or "Raging River") (TSX:RRX) announces its operating and financial results for the three month and year ended December 31, 2014. Selected financial and operational information is outlined below and should be read in conjunction with the audited financial statements and the related MD&A. Also, the Company today announces the filings of its Annual Information Form ("AIF") for the year ended December [Read more]
Chinook Energy Inc. Announces Audited Year-End Financial Results
CALGARY, ALBERTA--(Marketwired - March 9, 2015) - Chinook Energy Inc. ("our", "we", "us" or "Chinook") (TSX:CKE) is pleased to announce its audited year end financial results. The audited financial results presented herein are consistent with the unaudited financial results announced in our news release issued on February 9, 2015. We will file the audited consolidated financial statements for the years ended December 31, 2014 and 2013 and related management's discussion and analysis on the [Read more]
Tourmaline Oil Corp. Earns $488.9 Million in 2014
CALGARY, AB--(Marketwired - March 09, 2015) - Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline" or the "Company") achieved exceptional growth in reserves (45%), production (51%) and cash flow(1) (76%) in 2014 while delivering strong profitability. The Company posted record after-tax earnings of $488.9 million for the 2014 fiscal year. HIGHLIGHTS Record full year after-tax earnings of $488.9 million ($2.41 per diluted share), a 230% increase over 2013, underscoring the fundamental full-cycle [Read more]