CALGARY, ALBERTA--(Marketwired - Feb. 11, 2015) - Northern Spirit Resources Inc. (TSX VENTURE:NS) ("Northern Spirit" or the "Company") is pleased to announce the results of its independent reserve evaluation for the year ended December 31, 2014 as prepared by Deloitte LLP ("Deloitte"). The Company's annual audit of its financial statements is not yet complete and accordingly all financial amounts referred to in this press release are estimates and are subject to revision. Complete reserves [Read more]
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Spring will demonstrate impact of oil price on Alberta’s real estate: expert
TORONTO - Royal LePage says home sales in the spring real estate market will be the first indication of how lower oil prices have affected home sales in Western Canada.Chief executive Phil Soper told the Economic Club of Canada on Wednesday that job losses in the oil patch could lead to a "significant and extended downturn" in Alberta's real estate sector.In January, Canada's largest oil sands company, Suncor Energy Inc. (TSX:SU), announced plans to lay off 1,000 workers as it grapples with the [Read more]
Birchcliff Energy Ltd. Announces Record Production, Unaudited Year-End Financial Results, Material Reserves and Contingent Resource Additions and 2015 Capital Budget
CALGARY, ALBERTA--(Marketwired - Feb. 11, 2015) - Birchcliff Energy Ltd. ("Birchcliff") (TSX:BIR) announces its 2014 fourth quarter and 2014 year-end unaudited financial and operational results, provides highlights from its 2014 independent Reserves Evaluation and from its 2014 independent Montney/Doig Natural Gas Resource Assessment, announces its 2015 capital budget, provides updated guidance for 2015 and provides an operational update. The Corporation is pleased to report that in 2014, [Read more]
TransCanada tells U.S. State Dept. that EPA got Keystone XL assessment wrong
WASHINGTON - The Canadian government has accused a U.S. federal agency of a dishonest intervention in the Keystone XL pipeline debate, voicing its displeasure in a combative diplomatic letter.Ambassador Gary Doer said the Environmental Protection Agency used out-of-date data, worst-case scenarios, and erroneous comparisons in its submission on the pipeline."One is left with the conclusion that there has been significant distortion and omission to arrive at the EPA's conclusion," Doer wrote in a [Read more]
Republican-led Congress set to pass bill approving Keystone XL oil pipeline despite Obama veto
WASHINGTON - The Republican-controlled U.S. Congress is set to send a bill approving the Keystone XL oil pipeline to President Barack Obama, who has vowed to veto it.The House is expected to pass later Wednesday a Senate version of the bill.The measure has been tweaked from the version the House passed easily last month.But it does include a provision saying climate change is not a hoax, which could cause some conservative Republicans to think twice.The vote caps weeks of debate over one of the [Read more]
QEC: 2014 Montney Drilling Program Grows Proved and Probable Reserves by 55%
CALGARY, ALBERTA--(Marketwired - Feb. 11, 2015) - Questerre Energy Corporation ("Questerre" or the "Company") (TSX:QEC)(OSLO:QEC) reported today on its 2014 year-end reserves and an updated resource assessment of its joint venture acreage in the Kakwa-Resthaven area of Alberta. Michael Binnion, President and Chief Executive Officer of Questerre, commented, "The high quality of our Kakwa assets was proven with a significant increase in reserves in 2014 in spite of lower commodity prices. Our net [Read more]
Yangarra Announces 114% Increase in 2014 Reserves
CALGARY, Feb. 10, 2015 /CNW/ - Yangarra Resources Ltd. ("Yangarra" or the"Company") (TSX:YGR) releases the results of its 2014 year end oil and gas reserves evaluation, provides an operations update and a 2015 outlook. Reserve Report Highlights: The financial and operational information below is based on estimates and are unaudited. Developed producing reserves ("PDP") Increased by 48% (30% per share) to 5.8 million boe. Net present value before tax discounted at 10% ("NPV10") is $99.6 [Read more]
Artek Exploration Ltd. Provides Operations Update
CALGARY, ALBERTA--(Marketwired - Feb. 10, 2015) - Artek Exploration Ltd. (TSX:RTK) ("Artek" or the "Company") is pleased to provide the following update. As a result of its operational success in late 2014 including record production rates from Artek's fourth quarter Montney and Doig horizontals in its Inga/Fireweed area of operations and some of the highest IP60 rates for liquids seen in British Columbia this year, the Company is in a position to be conservative in its capital expenditure [Read more]
Cardinal Energy Ltd. Announces New VP of Finance and Confirms Monthly Dividend for February
CALGARY, ALBERTA--(Marketwired - Feb. 10, 2015) - Cardinal Energy Ltd. ("Cardinal" or the "Company") (TSX:CJ) announces the appointment of Mr. Laurence Broos to the Company as VP Finance. Mr. Broos has extensive experience in the areas of accounting and finance within the oil and gas industry. Most recently Mr. Broos held positions of increasing responsibility with an intermediate producer having at times been responsible for treasury, financial reporting, investor relations and forecasting. [Read more]
Traverse Energy Ltd. Announces Revised 2015 Capital Budget & Program
CALGARY, ALBERTA--(Marketwired - Feb. 10, 2015) - Traverse Energy Ltd. (the "Corporation") (TSX VENTURE:TVL) announces that the Board of Directors has reviewed and approved a reduction in the 2015 exploration and development program as a result of the current commodity price environment. The exploration and development program for 2015 of $34 million has been reduced to $15 million. The Corporation's drilling program for 2015 has been reduced from 14 wells, including 7 horizontals, to an [Read more]