CALGARY, ALBERTA--(Marketwired - May 27, 2014) - Quattro Exploration and Production Ltd. (TSX VENTURE:QXP) ("Quattro" or the "Company") is pleased to announce the filing of its first quarter 2014 financial statements, reporting CDN $0.09 per share earnings. The Company has reported the following results for the 3 months ending March 31st, 2014: • Revenues $ 4,166,100 • Net income from operations, $18.75 per boe "Net Back" $ 2,111,200 • Net [Read more]
News
U.S. imposes new conditions on Keystone XL pipeline construction
WASHINGTON - Safety regulators have quietly placed two extra conditions on construction of TransCanada Corp.'s (TSX:TRP) Keystone XL oil pipeline after learning of potentially dangerous defects involving the southern leg of the Canada-to-Texas project. The defects — high rates of bad welds, dented pipe and damaged pipeline coating — have been fixed. But the federal Pipeline and Hazardous Materials Safety Administration wants to make sure similar problems don't occur during construction of the [Read more]
Pinecrest Energy Inc. announces its first quarter 2014 results
CALGARY, May 26, 2014 /CNW/ - Pinecrest Energy Inc. ("Pinecrest" or the "Company") is pleased to announce that it has filed on SEDAR its unaudited financial statements and related Management's Discussion and Analysis ("MD&A") for the three month period ending March 31, 2014. The statements will be available for review at www.sedar.com or www.pinecrestenergy.com. March 31 Three months ended 2014 2013 FINANCIAL Petroleum and natural gas [Read more]
Canadian Spirit Resources Inc. Announces Private Placements
CALGARY, ALBERTA--(Marketwired - May 26, 2014) - Canadian Spirit Resources Inc. ("CSRI" or the "Corporation") (TSX VENTURE:SPI)(OTCBB:CSPUF) announces that it is proposing to undertake, subject to TSX Venture Exchange approval, two concurrent non-brokered private placements. One placement will be up to 6.0 million units ("Units") at a price of $0.50 per Unit for total gross proceeds of up to $3.0 million. Each Unit will consist of one common share of the Corporation and one-half of one common [Read more]
Advantage Announces Appointment of New Board Director
(TSX: AAV, NYSE: AAV) CALGARY, May 26, 2014 /CNW/ - Advantage Oil & Gas Ltd. ("Advantage" or the "Corporation") is pleased to announce the appointment of Mr. Grant B. Fagerheim to the Board of Directors. Mr. Fagerheim is currently the President and Chief Executive Officer of Whitecap Resources Inc. ("Whitecap") and also serves as the Chairman of the Board of Whitecap. Mr. Fagerheim's extensive oil and gas industry experience will complement and strengthen the Advantage Board as the [Read more]
EU official: Proposed solution found in Ukraine-Russia natural gas dispute, more talks planned
BERLIN - A proposed solution to a dispute over Ukrainian natural gas debts to Moscow would see Ukraine's gas company pay $2 billion to Russia's Gazprom this week and trigger talks on the price Kyiv should pay for future deliveries as it tries to avert a supply cutoff, a top European Union official said Monday.EU Energy Commissioner Guenther Oettinger said after meeting the Russian and Ukrainian energy ministers in Berlin that both sides must still consult with their political leaders and the gas [Read more]
Crude oil slips to near US$104 a barrel as Ukraine vote seen easing crisis
The price of oil slipped to near US$104 a barrel Monday after preliminary results showed a billionaire businessman winning a clear majority in Ukraine's presidential elections.Benchmark West Texas Intermediate crude for July delivery settled 15 cents lower at US$104.20 a barrel in electronic trading on the New York Mercantile Exchange. On Friday, the Nymex contract rose 61 cents to settle at US$104.35, bringing its weekly gain to $2.33.Brent crude, a benchmark for international oils, was down 22 [Read more]
Dramatic increase in oil rail shipments to West Coast; fears of a potential disaster abound
VANCOUVER, Wash. - Residents along the scenic Columbia River are hoping to persuade regulators to reject plans for what would be the Pacific Northwest's largest crude oil train terminal — the proposed destination for at least four trains a day, each more than a mile long. The increasing numbers of trains, each carrying tens of thousands of barrels of potentially volatile crude from the Bakken oil fields in North Dakota, have raised concerns around the country after nine accidents in the past [Read more]
Petrolia: The Hydrogeological Study on the Haldimand Sector Shows That Oil Drilling Activities Can Be Done Without Negatively Affecting the Drinking Water for the City of Gaspe
QUEBEC CITY, QUEBEC--(Marketwired - May 26, 2014) - Pétrolia (TSX VENTURE:PEA) is pleased to announce the findings of the hydrogeological characterization study on the Haldimand sector conducted by the Institut national de la recherche scientifique - Centre Eau Terre Environnement (INRS-ETE). The purpose of the study was to have independent experts examine the risk of groundwater quality degradation linked to oil and gas exploration and extraction. The study showed that Pétrolia's [Read more]
Magnum Announces Jenner, Alberta Acquisition
CALGARY, ALBERTA--(Marketwired - May 26, 2014) - MAGNUM ENERGY INC. ("Magnum" or the "Corporation") (TSX VENTURE:MEN) Magnum announces that the company has entered into a Purchase and Sale Agreement with a private, Calgary-based company to purchase an operated, 100% working interest in the Jenner, Alberta area. The property currently produces 350 mcfd gas sales (58 boepd) from the shallow Medicine Hat and Milk River formations, covers 9.75 gross (9.75 net) sections of land, and includes [Read more]