TSXV Trading Symbol: MVN OTC Trading Symbol: MDLNF CALGARY, May 29, 2014 /CNW/ - Madalena Energy Inc. ("Madalena" or the "Company") (TSXV: MVN and OTC: MDLNF) is pleased to announce the filing on SEDAR of the unaudited interim consolidated financial statements and related Management's Discussion and Analysis ("MD&A") for the three months ended March 31, 2014. Selected financial and operational information is outlined below and should be read in conjunction with Madalena's unaudited [Read more]
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Magnum Announces Non-Brokered Private Placement
CALGARY, ALBERTA--(Marketwired - May 29, 2014) - MAGNUM ENERGY INC. ("Magnum" or the "Corporation") (TSX VENTURE:MEN) Magnum announced today that further to its original financing announcement on May 28, 2014, the company will also make the offer to subscribe for new capital available to existing shareholders, who can avail themselves of the offer under a new prospectus exemption process as set out in BC Instrument 45-534. The information required in terms of BC Instrument 45-534 is set out [Read more]
PrairieSky surges in TSX debut
CALGARY - Encana Corp. spinoff PrairieSky Royalty Ltd. (TSX:PSK) is making quite a debut on the Toronto Stock Exchange.PrairieSky shares are trading about 30 per cent higher than their initial public offering price of $28 per share, surging above $36 on the TSX.As part of a sweeping new strategy unveiled last fall, Calgary-based energy producer Encana (TSX:ECA) decided to separate a big chunk of its Alberta royalty lands into a new publicly traded company.As of the IPO's closing on Thursday, [Read more]
PrairieSky Royalty Completes Initial Public Offering
CALGARY, ALBERTA--(Marketwired - May 29, 2014) - Encana Corporation ("Encana") (TSX:ECA)(NYSE:ECA) and PrairieSky Royalty Ltd. ("PrairieSky") (TSX:PSK) announced today the completion of the initial public offering of 52,000,000 common shares of PrairieSky (the "Offering") at an offering price of $28.00 (the "Offering Price"). The Offering was conducted by way of a secondary offering by Encana, and Encana received aggregate gross proceeds of approximately $1.46 billion. The Offering was made [Read more]
Tuscany Announces Significant Increases in Revenue, Cash Flow and Production for Q1 2014
CALGARY, ALBERTA--(Marketwired - May 29, 2014) - Tuscany Energy Ltd. (TSX VENTURE:TUS) is pleased to report significant increases in production revenue, cash flow and production volumes for the first quarter ended March 31, 2014 from those of the first quarter of the prior year. Production revenues increased to $4.1 million in 2014 from $1.3 million in the prior year. Cash flow totaled $1.8 million or 9 cents per share compared with $0.3 million or 2 cents per share in 2013. Corporate [Read more]
Hyperion Exploration Corp. Announces First Quarter Results and Operations Update
CALGARY, ALBERTA--(Marketwired - May 29, 2014) - Hyperion Exploration Corp. ("Hyperion" or the "Company") (TSX VENTURE:HYX) announces it has filed on SEDAR its unaudited condensed interim financial statements and related Management's Discussion and Analysis ("MD&A) for the three months ended March 31, 2014. The financial statements and MD&A will be available for review at www.sedar.com or www.hyperionexploration.com. Financial and Operational Highlights Completed the disposition [Read more]
Palliser Oil & Gas Corporation Reports Q1 2014 Financial and Operating Results
CALGARY, May 28, 2014 /CNW/ - Palliser Oil & Gas Corporation ("Palliser" or the "Company") (TSX VENTURE:PXL) wishes to report financial and operating results for the three months ended March 31, 2014. Certain selected financial and operational information is set out below and should be read in conjunction with Palliser's financial statements complete with the notes to the financial statements and related MD&A which is expected to be available at www.sedar.com and the Company's website at [Read more]
Yoho Resources Inc. Moves Forward on Duvernay Play with Active Drilling Program in Q2 and Announces Fiscal Q2 2014 Financial Results
CALGARY, May 28, 2014 /CNW/ - Yoho Resources Inc. ("Yoho" or the "Company") has filed today on SEDAR the financial statements for the six months ended March 31, 2014 and the related managements' discussion and analysis ("MD&A"). Copies of these documents may be found on www.sedar.com. Highlights During fiscal Q2 2014, Yoho completed a transaction to sell its assets (the "Asset Sale") at Nig, British Columbia to Storm Resources Ltd. ("Storm") for total consideration of $86.9 million, [Read more]
Ironhorse Announces Q1 2014 Financial and Operating Results
CALGARY, May 28, 2014 /CNW/ - Ironhorse Oil & Gas Inc. ("Ironhorse" or the "Company") (TSX-V: IOG) announces its financial and operating results for the three months ended March 31, 2014 and provides an operational update on activities to date this year as well as an outlook for the remainder of 2014. Financial and Operation Summary The Company's working capital position remained strong with positive working capital of $2.2 million at March 31, 2014 compared to $2.9 million at December 31, [Read more]
Crude oil falls below $103 a barrel on expectation of increase in US supply
The price of oil fell below US$103 barrel Wednesday as traders expected the Energy Department to report an increase in U.S. supplies.Benchmark West Texas Intermediate crude for July delivery dropped $1.39 to close at US$102.72 a barrel on the New York Mercantile Exchange.Brent crude, a benchmark for international oils, fell 21 cents to US$109.81 on the ICE exchange in London.Traders were waiting for the latest information on U.S. supplies of crude and refined products.Data for the week ended May [Read more]