CALGARY, ALBERTA--(Marketwired - March 2, 2015) - Tuscany Energy Ltd. (TSX VENTURE:TUS) ("Tuscany" or the "Company") is pleased to announce the results of its independent reserves evaluation and estimate effective December 31, 2014. Conducted by McDaniel and Associates Consultants Ltd. ("McDaniel"), the reserves report (the "McDaniel Report") shows growth year-over-year in both reserve volumes and net present value. 2014 Highlights 58% increase in net present value to $61.9 MM (before tax [Read more]
News
TransCanada Closes $250 Million Preferred Share Issue
CALGARY, ALBERTA--(Marketwired - March 2, 2015) - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) today announced that it has completed its public offering of cumulative redeemable first preferred shares, series 11 (the "Series 11 Preferred Shares"). TransCanada issued 10 million Series 11 Preferred Shares for aggregate gross proceeds of $250 million through a syndicate of underwriters co-led by Scotiabank and RBC Capital Markets. The net proceeds of the offering will be used for [Read more]
Stonehaven Reports Issuance of Stock Options
CALGARY, ALBERTA--(Marketwired - Feb. 27, 2015) - Stonehaven Exploration Ltd. ("Stonehaven" or the "Company") (TSX VENTURE:SE) reports that it has issued an aggregate of 715,200 options to purchase common shares of the Company to certain directors, officers and employees of the Company in accordance with the Company's stock option plan. The options are exercisable at a price of $1.40 per share and expire five years from the date of grant. Stonehaven holds an interest in 20 gross sections [Read more]
Vermilion Energy Inc. Announces 2014 Year-End Summary Reserves and Resource Information
CALGARY, Feb. 27, 2015 /CNW/ - Vermilion Energy Inc. ("Vermilion", the "Company", "We" or "Our") (TSX, NYSE: VET) is pleased to announce summary 2014 year-end reserves and resource information. The estimates of reserves and resources and other oil and gas information contained in this news release has been estimated by GLJ Petroleum Consultants Ltd. ("GLJ") and prepared in accordance with National Instrument 51-101 "Standards of Disclosure for Oil and Gas Activities" of the Canadian Securities [Read more]
Vermilion Energy Inc. Announces Results for the Year Ended December 31, 2014
CALGARY, Feb. 27, 2015 /CNW/ - Vermilion Energy Inc. ("Vermilion", "We", "Our", "Us" or the "Company") (TSX, NYSE: VET) is pleased to report operating and audited financial results for the year ended December 31, 2014. HIGHLIGHTS Strong operational execution resulted in annual production that exceeded the top end of our guidance range following three upward revisions during the year. Average annual production for 2014 was 49,573 boe/d, an increase of 21% as compared to 41,005 boe/d in [Read more]
US rig count drops by 43 in latest week to 1,267
HOUSTON - Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. fell by 43 this week to 1,267 amid depressed oil prices.The Houston-based company said Friday in its weekly report that 86 rigs were exploring for oil and 280 for gas. One was listed as miscellaneous. A year ago 1,769 rigs were active.Of the major oil- and gas-producing states, North Dakota's count fell by 11, Oklahoma lost nine, Louisiana seven, Texas six, New Mexico four, [Read more]
QEC: Montney Drilling in 2014 Contributes to Significant Reserves Growth
CALGARY, ALBERTA--(Marketwired - Feb. 27, 2015) - Questerre Energy Corporation ("Questerre" or the "Company") (TSX:QEC) (OSLO:QEC) reported today on its fourth quarter 2014 activities and preliminary financial and operating results for the year ended December 31, 2014. Michael Binnion, President and Chief Executive Officer of Questerre, commented, "We ended 2014 with a strong fourth quarter with average production of 1,468 boe/d and cash flow from operations of $4.3 million. Our [Read more]
Halliburton closing its Regina office, part of layoffs due to falling oil prices
REGINA - Energy industry giant Halliburton's presence in Regina may well be a short one.A spokeswoman says the company will close its office in the city at the end of March.The branch had been opened in 2013 with a reported 120 employees to serve the southeast Saskatchewan oil and gas sector.In a statement, Susie McMichael of Halliburton says the suspension of operations will continue "until Canadian commodity prices recover."McMichael says all areas of Halliburton's operations will be [Read more]
Storm Resources Ltd. (“Storm” or the “Company”) is Pleased to Announce Its Financial and Operating Results for the Three Months and Year Ended December 31, 2014
CALGARY, ALBERTA--(Marketwired - Feb. 26, 2015) - Storm Resources Ltd. (TSX VENTURE:SRX) - Storm has also filed its audited consolidated financial statements as at December 31, 2014 and for the three months and year then ended along with Management's Discussion and Analysis ("MD&A") for the same periods. This information appears on SEDAR at www.sedar.com and on Storm's website at www.stormresourcesltd.com. Selected financial and operating information for the three months and year ended [Read more]
Blackbird Energy Inc. Announces 41% Increase in Elmworth Montney Acreage and Reports Results from Its Annual and Special Meeting of Shareholders
CALGARY, ALBERTA--(Marketwired - Feb. 26, 2015) - Blackbird Energy Inc. (TSX VENTURE:BBI) ("Blackbird" or the "Company") is pleased to announce that it has acquired a 100% working interest in 19 additional sections (12,160 net acres) of Elmworth Montney rights (the "Acquisition"). The Acquisition represents a 41% increase in the Company's Elmworth Montney land position. With the completion of the Acquisition, Blackbird now holds a 100% working interest in 65 sections (41,600 net acres) at the [Read more]