CALGARY, ALBERTA--(Marketwired - Feb. 9, 2015) - Long Run Exploration Ltd. ("Long Run" or the "Company") (TSX:LRE) announces a revised 2015 capital budget, suspension of dividend and update on operations. Current Economic Environment & Dividend Suspension As a result of a volatile and uncertain commodity price environment, and current oil and natural gas prices significantly below our previously forecast 2015 assumptions, Long Run's Board of Directors and management have prudently [Read more]
News
Arsenal Energy Inc. Releases Yearend Reserves and Declares Dividend
CALGARY, ALBERTA--(Marketwired - Feb. 9, 2015) - Arsenal Energy Inc. (TSX:AEI)(OTCQX:AEYIF) -- Dividend The Board of Directors ("BOD") of Arsenal Energy Inc. ("Arsenal" or the "Company") has declared a dividend $0.03 per common share. The dividend is payable in cash, or if a shareholder has enrolled in Arsenal's Dividend Reinvestment Plan, in shares on February 27, 2015 to shareholders of record at the close of business on February 17, 2015. The ex-dividend date is February 12, 2015. With [Read more]
Raging River Exploration Inc. Announces 49% Increase in 2014 Year End Reserves, $36 Million Dodsland Viking Acquisition, Operations Update and Increased 2015 Guidance
CALGARY, ALBERTA--(Marketwired - Feb. 9, 2015) - Raging River Exploration Inc. ("Raging River" or the "Company") (TSX:RRX) is pleased to report a year over year increase of 49% to proven plus probable reserves to 63.6 mmboe. Proven Developed Producing ("PDP") Finding, Development and Acquisition ("FD&A") costs were $25.18/boe resulting in a recycle ratio 2.5 times demonstrating the quality of the Company's continuously expanding drilling inventory. The Company is also pleased to announce [Read more]
Crew Energy Announces $100 Million Bought Deal Equity Financing
CALGARY, ALBERTA--(Marketwired - Feb. 9, 2015) - Crew Energy Inc. (TSX:CR) ("Crew" or the "Company") is pleased to announce that it has entered into an agreement with a syndicate of underwriters co-led by GMP Securities L.P. and TD Securities Inc., (collectively the "Underwriters") pursuant to which the Underwriters have agreed to purchase on a bought deal basis 16,667,000 common shares ("Common Shares") of Crew at a price of $6.00 per Common Share for aggregate gross proceeds of approximately [Read more]
Elkwater Resources Ltd. Provides an Operations Update and Announces 2015 Capital Budget and Guidance
CALGARY, ALBERTA--(Marketwired - Feb. 9, 2015) - Elkwater Resources Ltd. ("Elkwater" or the "Company") (TSX VENTURE:ELW) is pleased to provide an operations update and announce details of its full-year 2015 capital budget and guidance. OPERATIONS UPDATE During the fourth quarter of 2014, the Company invested approximately $6.5 million in the drilling and development of its newly acquired properties in Drayton Valley, Brazeau and Killam, targeting light oil from the Cardium and Belly River [Read more]
Exall Energy Corporation Announces Letter of Intent With Viking Investments Group, Inc. Regarding Proposed Loan Transaction
CALGARY, ALBERTA--(Marketwired - Feb. 9, 2015) - Exall Energy Corporation ("Exall" or the "Company") (TSX:EE)(TSX:EE.DB) is pleased to announce that on February 8th, 2015, Exall signed a non-binding letter of intent (the "LOI") with Viking Investments Group, Inc. ("Viking") (OTCQB:VKIN), pursuant to which Viking expressed interest in loaning Exall up to CDN$35M to enable Exall to repay its indebtedness to the Alberta Treasury Branches, Exall's primary lender. The LOI contemplates the [Read more]
OPEC lowers forecast for Canadian crude production in latest report
CALGARY - The Organization of Oil Exporting Countries is expecting production to grow more slowly than previously expected from countries outside the cartel, including Canada.In its monthly oil market report, the group says non-OPEC supply is expected to grow by 850,000 barrels per day in 2015, but that's 420,000 barrels per day lower than it forecast in its previous report.In Canada, oil output is expected to average 4.35 million barrels a day, which is 20,000 barrels lower than OPEC's earlier [Read more]
Ottawa, industry celebrate as oilsands victory in EU made official
CALGARY - Oilsands crude can now be sent to Europe without a "dirty oil" label, but that doesn't necessarily mean a parade of bitumen-filled tankers will be crossing the Atlantic any time soon.In December, oilsands exporters won a narrow victory in the European Parliament over its fuel quality directive. On Friday, it became official.The original version of the directive singled out oilsands crude as more carbon intensive, but the revised one voted on in December didn't include that stigma. As [Read more]
The NEB imposes additional obligations for Enbridge's Line 9, approves two conditions
CALGARY, Feb 6, 2015 /CNW/ - The National Energy Board (NEB) has approved two of Enbridge's condition filings with regard to the Line 9B Reversal and Line 9 Capacity Expansion Project (Line 9) while imposing additional obligations for the lifecycle of the project. Enbridge's previous submissions on conditions 16 (valve placement) and 18 (watercourse crossing management plans) were insufficient. Based on additional information provided by Enbridge, the NEB has found that the company has [Read more]
Bellatrix to present at the upcoming 2015 NBF Energy Conference and announces updated commodity risk management contracts
CALGARY, Feb. 6, 2015 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE: BXE) is pleased to announce that Ray Smith, President & CEO, and Steve Toth, VP Investor Relations will be attending the 2015 NBF Energy Growth Income Conference on Wednesday, February 11, 2015 in Toronto, Ontario. Bellatrix recently added to its 2015 risk management program with the addition of 50 MMcf/d of natural gas fixed price swaps for the period of March 1 through December 31, 2015 [Read more]