CALGARY, March 25, 2015 /CNW/ - Marquee Energy Ltd. ("Marquee" or the "Company") (TSXV: "MQL") has closed the previously announced strategic acquisition (the "Acquisition") to further consolidate its core Michichi area. The Acquisition includes approximately 330 boe/d and 34 net sections of land containing Banff/Mannville rights that are contiguous with Marquee's existing land position and infrastructure at Michichi. "The Acquisition at Michichi solidifies our control of land and [Read more]
News
Invico Capital Are Currently In Market To Purchase Non-Operating Working Interests, GORR’s And Secured/Unsecured Debt
Invico Capital announced today that after it's recent acquistion, that it is continuing to strategically seek and pursue the purchase of non-operating working interests, gross over-riding royalties and secured/unsecured debt. Founded in 2005, Invico Capital Corporation is a Calgary, Alberta based independent alternative investment fund management firm with approximately $200 million of private capital under management. In addition to strategic acquisitions, Invico provides alternative [Read more]
Peyto Exploration & Development Corp. Announces $150 Million Equity Offering
CALGARY, ALBERTA--(Marketwired - March 25, 2015) - Peyto Exploration & Development Corp. ("Peyto" or the "Company") (TSX:PEY) has today entered into an agreement with a syndicate of underwriters led by BMO Capital Markets, under which the underwriters have agreed to buy 4,380,000 common shares of the Company ("Common Shares") and sell to the public at a price of $34.25 per Common Share, representing an aggregate amount of approximately $150 million. The Company has granted the underwriters [Read more]
Low oil prices spur North Dakota drill rig count to drop below 100 for first time in 5 years
BISMARCK, N.D. - The number of drill rigs in western North Dakota's oil patch has slipped below 100 for the first time in five years due to the sagging price of crude.There were 98 rigs drilling in North Dakota on Wednesday. That's 100 fewer than on the same day one year ago. It's the lowest since March 2010.North Dakota is the nation's No. 2 oil producer behind Texas. North Dakota has been producing about 1.2 million barrels of oil daily.Industry officials say about 115 rigs need to be drilling [Read more]
Ontario rejects NDP call for ban on hydraulic fracking to extract natural gas
TORONTO - An NDP private member's bill to ban high volume hydraulic fracking to produce natural gas from shale in Ontario was quickly shot down by the Liberal government Wednesday.NDP environment critic Peter Tabuns introduced a private member's bill to have Ontario follow the lead of Quebec, Nova Scotia, New Brunswick and New York and ban fracking.Tabuns said fracking poses substantial risks to ground water, which is combined with toxic chemicals under extreme pressure to fracture shale [Read more]
Hawk Announces Year End Reserves and Provides Operations Update
CALGARY, ALBERTA--(Marketwired - March 25, 2015) - Hawk Exploration Ltd. ("Hawk" or the "Corporation") (TSX VENTURE:HWK.A) is pleased to provide an operations update and a summary of its December 31, 2014 reserve information as evaluated by GLJ Petroleum Consultants Ltd. ("GLJ"). HIGHLIGHTS Increased total proved plus probable reserves by 59% to 2,875 thousand barrels of oil equivalent ("MBoe") from 1,814 MBoe; Increased total proved reserves by 17% to 1,335 MBoe from 1,145 [Read more]
Canada's Oil Industry to Lose Money and Jobs in 2015
OTTAWA, March 25, 2015 /CNW/ - The collapse of oil prices in the second half of 2014 will take a bite out of the Canadian oil industry's finances. Revenues are expected to fall by 37 per cent and the industry will post a pre-tax loss of more than $3 billion and shed close to 8,000 jobs this year, according to The Conference Board of Canada's latest Canadian Industrial Outlook: Canada's Oil Extraction Industry. "With WTI prices now hovering below US$50 and most projections climbing slowly to [Read more]
LGX Oil + Gas Inc. Announces Year-end Results, 2015 Guidance and Filing of Annual Information Form
CALGARY, March 24, 2015 /CNW/ - LGX Oil + Gas Inc. ("LGX" or the "Company") (TSXV:OIL) is pleased to announce it has filed on SEDAR its audited financial statements and related Management's Discussion and Analysis ("MD&A") for the year ended December 31, 2014 as well as its annual information form ("AIF") for the year ended December 31, 2014. Selected financial and operational information is outlined below and should be read in conjunction with LGX's audited financial statements, the [Read more]
Seven Generations Energy Ltd. Announces Executive Changes
CALGARY, March 24, 2015 /CNW/ - Seven Generations Energy Ltd. ("7G" or the "Company") (TSX: VII) announced today that Mr. Harry Cupric will be resigning as Chief Financial Officer effective March 31, 2015. Pat Carlson, CEO said, "We are very grateful to Harry for his formative contribution to the Company, especially the diligence and professionalism displayed in taking us from a private company with just a few wells to a large publicly traded company. Harry's effective style made an important [Read more]
Connacher Announces Q4 2014 and Year-End 2014 Results
CALGARY, March 24, 2015 /CNW/ - Connacher Oil and Gas Limited (CLL - TSX; "Connacher" or the "Company") announces its financial and operating results for the quarter and the year-ended December 31, 2014 (all amounts are in Canadian dollars unless otherwise noted). The Company's annual financial statements and related management's discussion and analysis ("MD&A") for the quarter- and the year-ended December 31, 2014 can be accessed on Connacher's website at www.connacheroil.com and on [Read more]