CHARLOTTETOWN - Federal Liberal Leader Justin Trudeau is a half century behind when he says there should be greater scientific study before the shale gas industry expands, Premier David Alward said Thursday.Alward leader took an unprompted shot at Trudeau's position at the end of a news conference about a labour mobility agreement with British Columbia."Justin Trudeau is 50 years late," the Progressive Conservative leader said in Charlottetown."The reality is the scientific work has been taking [Read more]
News
Crew Energy Announces Agreement to Dispose of Princess, Alberta Asset and Expanded Focus on Montney Development
CALGARY, ALBERTA--(Marketwired - Aug. 28, 2014) - Crew Energy Inc. ("Crew" or the "Company") (TSX:CR) of Calgary, Alberta is pleased to announce that it has entered into a purchase and sale agreement to dispose of its Princess, Alberta asset for total cash consideration of $150 million, before customary closing adjustments, allowing the Company to sharpen its focus on the development of its core Montney assets in Northeast British Columbia. Princess Disposition Crew has entered into an [Read more]
Forent Energy-Operational Update & Second Quarter 2014 Results
CALGARY, ALBERTA--(Marketwired - Aug. 28, 2014) - Forent Energy Ltd. (TSX VENTURE:FEN) is pleased to provide an operational update and to announce that it has filed its Interim Financial Statements and MD&A for the three and six months ended June 30, 2014, on SEDAR and its website. Forent has completed its initial infill drilling program in the Twining field with a 100% success rate. All three wells are completed, equipped and on production at this time and within capital expenditure [Read more]
Tuscany Announces Record Financial and Operating Results for the First Six Months, 2014 and Updates Its Saskatchewan Drilling Program
CALGARY, ALBERTA--(Marketwired - Aug. 28, 2014) - Tuscany Energy Ltd. (TSX VENTURE:TUS) is pleased to report record increases in production, revenues and cash flow from operations for the six months ended June 30, 2014, compared to the same period of 2013. For the first half of 2014, Tuscany's revenues totalled $9.0 million compared with $2.9 million in 2013. Cash flow from operations increased to $4.3 million or $0.11 per share, significantly higher than the $0.6 million reported in 2013. Net [Read more]
Contact Announces Quarterly Filings
CALGARY, ALBERTA--(Marketwired - Aug. 28, 2014) - Contact Exploration Inc. ("Contact" or the "Company") (TSX VENTURE:CEX) is pleased to announce that it has today filed its interim consolidated condensed financial statements for the quarter ended June 30, 2014 and the related management's discussion and analysis ("MD&A") on the Company's profile on the System for Electronic Document Analysis and Retrieval ("SEDAR") website at www.sedar.com. Quarterly Summary June [Read more]
Pine Cliff Signs Purchase and Sale Agreement for Natural Gas Assets in Alberta and Saskatchewan and Accelerates Expected Closing Date
CALGARY, ALBERTA--(Marketwired - Aug. 27, 2014) - Pine Cliff Energy Ltd. ("Pine Cliff") (TSX VENTURE:PNE) is pleased to announce that further to its news release on July 17, 2014, Pine Cliff has entered into a purchase and sale agreement with a senior oil and gas producer (the "Vendor") to acquire certain shallow natural gas assets in Alberta and Southern Saskatchewan for cash consideration of $100 million, prior to any adjustments (the "Acquisition"). The Acquisition is currently expected to [Read more]
AER says Plains making progress on safety, but will continue to monitor
CALGARY - The pipeline company behind two high-profile oil spills has improved its safety practices, but there's still more work to be done, an audit by the Alberta Energy Regulator has found.The watchdog said in a report this week that Plains Midstream Canada has not met, or just partially met, many of the requirements of a safety audit.However, it said: "As a result of improvements and initiatives undertaken by PMC over the last year, the AER's overall conclusion is that PMC has and maintains [Read more]
Pinecrest Energy Inc. announces its second quarter 2014 results
CALGARY, Aug. 27, 2014 /CNW/ - Pinecrest Energy Inc. ("Pinecrest" or the "Company") announces that it has filed on SEDAR its unaudited financial statements and related Management's Discussion and Analysis ("MD&A") for the three and six month period ended June 30, 2014. The statements will be available for review at www.sedar.com or www.pinecrestenergy.com. June 30 Three months ended Six months [Read more]
Hemisphere Energy Announces Q2 2014 Financial and Operating Results
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 27, 2014) - Hemisphere Energy Corporation (TSX VENTURE:HME) ("Hemisphere" or the "Company") is pleased to announce its financial and operating results for the three and six months ended June 30, 2014. Q2 2014 Achievements and Financial Highlights Achieved quarterly average production of 553 boe/d (82% oil and NGL), a 36% increase over the second quarter in 2013. Generated a record $3.8 million in petroleum and natural gas [Read more]
Yoho Resources Inc. Announces Fiscal Q3 2014 Financial Results
CALGARY, ALBERTA--(Marketwired - Aug. 27, 2014) - Yoho Resources Inc. ("Yoho" or the "Company") (TSX VENTURE:YO) has filed today on SEDAR the financial statements for the three and nine months ended June 30, 2014 and the related managements' discussion and analysis ("MD&A"). Copies of these documents may be found on www.sedar.com. Highlights Yoho's production during fiscal Q3 2014 averaged 1,563 boe per day (27% oil and natural gas liquids ("NGL")). Production for fiscal Q3 was [Read more]