CALGARY, May 13, 2014 /CNW/ - Artek Exploration Ltd. ("Artek" or the "Corporation") (TSX - RTK) is pleased to announce that, in connection with its previously announced offering of common shares ("Common Shares") and common shares to be issued on a "flow-through" basis ("Flow-Through Shares"), the Corporation and the Underwriters have agreed to increase the size of the offering to an aggregate of 8,050,000 Common Shares at a price of $4.10 per Common Share and 1,987,000 Flow-Through Shares at a [Read more]
News
Petro One Books Best Case Prospective Resource of 1.8 MMbbl Recoverable Oil
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 13, 2014) - Petro One Energy Corp. (TSX VENTURE:POP) (FRANKFURT:C6K1) is pleased to report that McDaniel and Associates Consultants Ltd. has provided an NI 51-101 prospective resource estimate of 2.48 MMbbl of recoverable oil high case (P90), 1.80 MMbbl bestcase (P50) and 1.125 MMbbl low case (P10) on its J5 Milton property, based on 45 horizontal drilling locations in the Viking. This is in addition to 124,800 bbl of proved plus probable reserves [Read more]
Anderson Energy Announces 2014 First Quarter Results
CALGARY, ALBERTA--(Marketwired - May 13, 2014) - Anderson Energy Ltd. ("Anderson" or the "Company") (TSX:AXL) announces its operating and financial results for the first quarter ended March 31, 2014. HIGHLIGHTS The average initial production rate over the first 30 days for the seven Cardium horizontal light oil wells drilled in the winter program was 459 BOED per well. Production in the first quarter of 2014 was 2,958 BOED of which 39% was oil and NGL compared to 2,112 BOED (26% oil and [Read more]
Dejour Reports 44% Increase in Daily Production in Q1 2014, 37% Increase in Gross Revenues, and 283% Increase in Operating Cash Flow
VANCOUVER, British Columbia--(BUSINESS WIRE)--Dejour Energy Inc. (NYSE MKT: DEJ / TSX: DEJ), an independent oil and gas exploration and production company operating in North America’s Piceance Basin and Peace River Arch regions, today announced its financial results for the three month period ended March 31, 2014. The Company generated $2.8 million in gross revenues, a 37% increase over Q1 2013, and positive cash flow from operations of $387,000 compared with a cash deficiency from operations of [Read more]
Artek Exploration Ltd. announces $38 million bought deal financing
CALGARY, May 13, 2014 /CNW/ - Artek Exploration Ltd. ("Artek" or the "Corporation") (TSX - RTK) is pleased to announce that it has entered into an agreement with a syndicate of underwriters led by Peters & Co. Limited and including Cormark Securities Inc., National Bank Financial Inc., Clarus Securities Inc., GMP Securities L.P., Raymond James Ltd., FirstEnergy Capital Corp. and Dundee Securities Ltd. (collectively, the "Underwriters"), pursuant to which the Underwriters have agreed to [Read more]
Kelt Reports Financial and Operating Results for the Three Months Ended March 31, 2014
CALGARY, ALBERTA--(Marketwired - May 13, 2014) - Kelt Exploration Ltd. ("Kelt" or the "Company") (TSX:KEL) has released its financial and operating results for the three months ended March 31, 2014. The Company's financial results are summarized as follows: (CA$ thousands, except as otherwise indicated) Q1 2014 Q4 2013 Q1 2013 Revenue, before royalties and financial instruments 47,793 18,543 3,865 Funds from [Read more]
Crocotta Energy Announces Q1 2014 Financial and Operating Results
CALGARY, ALBERTA--(Marketwired - May 13, 2014) - CROCOTTA ENERGY INC. (TSX:CTA) is pleased to announce its financial and operating results for the three months ended March 31, 2014, including condensed interim consolidated financial statements, notes to the condensed interim consolidated financial statements, and Management's Discussion and Analysis. All dollar figures are Canadian dollars unless otherwise noted. HIGHLIGHTS Increased funds from operations 68% to $28.8 million in Q1 2014 [Read more]
Encana’s Strong First-Quarter 2014 Results Demonstrate Swift Progress of Company Strategy
CALGARY, ALBERTA--(Marketwired - May 13, 2014) - Encana Corporation (TSX:ECA)(NYSE:ECA) - Encana reported a successful first quarter of 2014 highlighted by solid operational performance and strong financial results, demonstrating that the company is hitting its stride with the execution of its new strategy. During the quarter, Encana generated cash flow of approximately $1.1 billion or $1.48 per share, an 87 percent increase on a per share basis compared to the first quarter of 2013; net [Read more]
Rock Energy Inc. Achieves Record Production, Increases Capital Spending and Guidance for 2014, and Reports First Quarter Results
CALGARY, ALBERTA--(Marketwired - May 12, 2014) - Rock Energy Inc. (TSX:RE) ("Rock" or the "Company") is pleased to report its financial and operating results for the three months ended March 31, 2014. Rock is a Calgary- based crude oil exploration, development and production company. Rock has filed its unaudited condensed interim Consolidated Financial Statements for the period ended March 31, 2014 and related Management's Discussion and Analysis ("MD&A"). Copies of Rock's materials may be [Read more]
Baytex Increases Offer Price for Aurora
CALGARY, ALBERTA--(Marketwired - May 12, 2014) - Baytex Energy Corp. ("Baytex") (TSX:BTE)(NYSE:BTE) announces that it is increasing the consideration payable for Aurora Oil & Gas Limited ("Aurora") to A$4.20 (Australian dollars) per share (from A$4.10 per share). In addition, Baytex announces that Harbour Advisors (a business unit of CI Investments Inc.) and Stirling Global Value Fund Inc., together holding approximately 17.4 percent of the issued and outstanding Aurora shares, have stated [Read more]