All values are in Canadian dollars unless otherwise indicated. Conversion of natural gas volumes to barrels of oil equivalent (boe) are at 6:1. CALGARY, March 11, 2015 /CNW/ - Spyglass Resources Corp. ("Spyglass", or the "Company") (TSX: SGL, OTCQX: SGLRF) announces annual financial and operating results for the year ended and fourth quarter ended December 31, 2014. Selected financial and operational information is outlined below along with 2014 reserves evaluated in accordance with National [Read more]
News
Softrock issues Progress Report “Slow and steady and weathering falling prices”
CALGARY, March 11, 2015 /CNW/ - Over the last six months the company has had the following progress or refinement in its three main areas SPIRIT RIVER: On the company's one section crown lease in the Charlie Lake oilfield in northwestern Alberta, the first horizontal well that was drilled one year ago at no cost to Softrock was "fraced" this past season in 20 places in the Charlie Lake pay zone and is now preparing to be put on production from which Softrock is to receive a two and one-half [Read more]
Crescent Point Energy Announces Year-End 2014 Results, 40 Percent Increase in Syndicated Bank Line Capacity and 22 Percent Increase in Reserves
CALGARY, ALBERTA--(Marketwired - March 11, 2015) - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX:CPG) (NYSE:CPG) is pleased to announce its operating and financial results for the year ended December 31, 2014. The Company also announces that its audited financial statements and management's discussion and analysis for the year ended December 31, 2014, will be available shortly on SEDAR at www.sedar.com, on EDGAR at www.sec.gov/edgar.shtml and on Crescent Point's website at [Read more]
Spartan Energy Corp. Announces 2014 Fourth Quarter and Year End Results
CALGARY, ALBERTA--(Marketwired - March 11, 2015) - Spartan Energy Corp. ("Spartan" or the "Company") (TSX:SPE) is pleased to report its financial and operating results for the fourth quarter and year ended December 31, 2014. Selected financial and operational information is set out below and should be read in conjunction with Spartan's December 31, 2014 audited annual financial statements and the related management's discussion and analysis ("MD&A"). Also, the Company today announces the [Read more]
Hemisphere Energy Announces a 61% Increase in 2014 Reserves
VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 11, 2015) - Hemisphere Energy Corporation ("Hemisphere") (TSX VENTURE:HME) is pleased to announce highlights from its independent reserves evaluation as at December 31, 2014 in accordance with National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities ("NI 51-101"). In 2014 Hemisphere completed its busiest development year to-date, drilling and placing on production 10 horizontal oil wells in Atlee Buffalo and 2 horizontal [Read more]
Seven Generations Announces 2014 Financial and Operating Results and Updated Reserves
CALGARY, March 10, 2015 /CNW/ - Seven Generations Energy Ltd. ("7G" or the "Company") (TSX: VII) reports its operating and financial results for the fourth quarter of 2014 and year ended December 31, 2014. "2014 was a fantastic year. Our IPO was successful. We had significant growth of production, reserves and cash flow. We increased our well length, opening the door to improved economics with a reduced environmental footprint. We continued to advance the Kakwa River Project with community [Read more]
LGX Oil + Gas Inc. announces 2014 year-end reserves
CALGARY, March 10, 2015 /CNW/ - LGX Oil + Gas Inc. ("LGX" or the "Company") (TSXV: OIL) is pleased to announce its 2014 year-end reserves. The financial and operational information contained below is based on the Company's unaudited expected results for the year ended December 31, 2014 and final audited results may vary. RESERVES In this press release, all references to reserves are to gross company reserves, meaning LGX's working interest reserves before deductions of royalties and before [Read more]
Gear Energy Ltd. Announces 30 Per Cent Increase in Year-End Reserves and 312 Per Cent Replacement of 2014 Production
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]
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]