CALGARY, March 5, 2015 /CNW/ - Legacy Oil + Gas Inc. ("Legacy" or the "Company") (TSX: LEG) is pleased to announce its 2014 year-end reserves and provide an operational update. 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. HIGHLIGHTS Three year weighted average total proved plus probable finding and development costs ("F&D") (including changes in [Read more]
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Paramount Resources Ltd. Announces 2014 Results: Conventional P+P Reserves Increase 159%; Sales to Surpass 70,000 Boe/d in 2015; $400 Million 2015 Capital Budget
CALGARY, ALBERTA--(Marketwired - March 5, 2015) - Paramount Resources Ltd. (TSX:POU) RESERVES Proved reserves increased 159 percent to 226.8 MMBoe, after production of 9.0 MMBoe and dispositions of 2.4 MMBoe (replacement ratio of 17 times). Conventional proved and probable ("P+P") reserves increased 159 percent to 347.1 MMBoe (replacement ratio of 25 times), a record level for the Company. P+P condensate and Other NGLs reserves increased to 163.7 MMBbl, a 183 percent increase over [Read more]
Cequence Energy announces operational update and 2014 reserves and financial and operating results
CALGARY, March 5, 2015 /CNW/ - Cequence Energy Ltd. ("Cequence" or the "Company") (TSX: CQE) is pleased to announce its operating and financial results for the periods ended December 31, 2014, an operational update and the results of its year-end independent reserve evaluation. The Company's Audited Consolidated Financial Statements and Management's Discussion and Analysis available at cequence-energy.com and on SEDAR at www.sedar.com. Highlights Highlights for 2014 include: Increased [Read more]
Freehold Royalties Ltd. Announces 2014 Fourth Quarter Results and Year-End Reserves
CALGARY, ALBERTA--(Marketwired - March 5, 2015) - Freehold Royalties Ltd. (Freehold) (TSX:FRU) today announced 2014 fourth quarter results and reserves as at December 31, 2014. Results at a Glance Three Months Ended December 31 Twelve Months Ended December 31 FINANCIAL ($000s, except as noted) 2014 2013 Change 2014 2013 Change Gross revenue 43,631 45,287 -4% 199,850 181,578 10% Net [Read more]
Canbriam Energy Provides Update on its Altares Montney Development and 2014 Reserves Information
CALGARY, March 5, 2015 /CNW/ - Canbriam Energy Inc. ("Canbriam" or the "Company") provides an operational update on the commercial development of its liquids-rich Altares Montney asset, located west of Fort St. John, BC, highlighted by the recent commissioning of phase 1 of its 100 percent owned and operated b-72-A processing facility. Canbriam is pleased to also provide details from its 2014 independent reserves evaluation which reflect strong well results and a second commercial target within [Read more]
Enbridge Optimizes Regional Oil Sands Infrastructure Expansions
CALGARY, ALBERTA--(Marketwired - March 5, 2015) - Enbridge Inc., (TSX:ENB) (NYSE:ENB) announced today plans to optimize a previously announced expansion of its Regional Oil Sands System. The optimization, which has been agreed to with affected shippers, will involve capital cost savings of $0.4 billion in aggregate and lower tolls for the shippers, while maintaining attractive returns on the capital to be invested. Projects involved in the optimization include the Athabasca Twin Project and [Read more]
NEB recommends approving NGTL'S Wolverine River Lateral Loop Project
CALGARY, March 5, 2015 /CNW/ - The National Energy Board (NEB or the Board) today issued a report recommending approval for NOVA Gas Transmission Ltd. (NGTL) to construct and operate the Wolverine River Lateral Loop (Carmon Creek Section) Project (the Project). The proposed Project, approximately 35 km northeast of Peace River, Alberta, involves the construction and operation of a 61 km pipeline, 508 mm (20 inches) in diameter, to transport sweet natural gas. Approximately 57 km of the [Read more]
TORC Oil & Gas Ltd. Announces 2014 Fourth Quarter and Year-End Financial & Operating Results and 2014 Year-End Reserves
CALGARY, March 5, 2015 /CNW/ - TORC Oil & Gas Ltd. ("TORC" or the "Company") (TSX: TOG) is pleased to announce its financial and operating results for the three month periods and years ending December 31, 2014 and 2013, and to provide its 2014 year-end reserves information as evaluated by Sproule Associates Limited ("Sproule"). The associated Management's Discussion and Analysis ("MD&A") dated March 5, 2015 and audited financial statements as at and for the year ended December 31, [Read more]
DeeThree Exploration Announces 2014 Year End Reserves and Provides Operations Update
CALGARY, ALBERTA--(Marketwired - March 5, 2015) - DEETHREE EXPLORATION LTD. ("DeeThree" or the "Company") (TSX:DTX)(OTCQX:DTHRF) is pleased to report its 2014 year end oil and gas reserves. At December 31, 2014 DeeThree has increased its proved plus probable reserves by 31% to 51.8 mmboe as compared to the prior year. DeeThree's reserve additions were predominately a result of the successful 2014 drilling program. RESERVE HIGHLIGHTS Total proved plus probable reserves increased 31% to [Read more]
Baytex Reports Record Production and Funds From Operations and Strong Reserves Growth for 2014
CALGARY, ALBERTA--(Marketwired - March 5, 2015) - Baytex Energy Corp. ("Baytex") (TSX:BTE)(NYSE:BTE) reports its operating and financial results for the three months and year ended December 31, 2014 (all amounts are in Canadian dollars unless otherwise noted). "Our 2014 results reflect the continued strong performance of our Canadian assets and the significant growth in assets associated with our Eagle Ford acquisition. The addition of the Eagle Ford to our portfolio has provided us with [Read more]