FREDERICTON - A judge in Fredericton has ordered the New Brunswick government to release the contracts of consultants it hired to evaluate shale gas royalties.David Coon, the leader of the province's Green party, filed an access-to-information request in February 2013 asking for the documents.But Finance Minister Blaine Higgs rejected the request for several reasons including that the government considered them confidential.Coon appealed to New Brunswick's access-to-information commissioner, who [Read more]
News
Petro One Books 124,800 bbl Reserves at J5 Milton
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 8, 2014) - Petro One Energy Corp. (TSX VENTURE:POP)(PINKSHEETS:CUDBF) (FRANKFURT:C6K1) and Goldstrike Resources Ltd. (TSX VENTURE:GSR) (PINKSHEETS:APRAF) (FRANKFURT:KCG1) are pleased to report that based on existing production from two vertical wells, McDaniel and Associates Consultants Ltd. has estimated Petro One's gross proved plus probable NI 51-101 reserves on Section 15 of its J5 Milton Saskatchewan property at 124,800 bbl of light Viking [Read more]
Edge Resources Inc. Announces Major Increase in Year-End Reserves and Provides an Operational Update
CALGARY, ALBERTA--(Marketwired - May 8, 2014) - Edge Resources Inc. ("Edge" or the "Company") (TSX VENTURE:EDE)(AIM:EDG) is very pleased to have finalized its year-end NI 51-101 reserve report*, which has resulted in a large increase to its year-end reserves. The Company also provides an operational update. Year End Reserves The value of Edge's Proved + Probable ("P+P") reserves increased by 44% to $129.0 million ($0.79/share), effective March 31 2014 from $89.4 million, one year earlier. [Read more]
Crescent Point Energy Announces First Quarter 2014 Results and Upwardly Revised 2014 Guidance for Production and Funds Flow From Operations
CALGARY, ALBERTA--(Marketwired - May 8, 2014) - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX:CPG)(NYSE:CPG) is pleased to announce its operating and financial results for the quarter ended March 31, 2014. The Company also announces that its unaudited financial statements and management's discussion and analysis for the quarter ended March 31, 2014, will be available on the System for Electronic Document Analysis and Retrieval ("SEDAR") at www.sedar.com, on EDGAR at [Read more]
Whitecap Resources Inc. announces first quarter 2014 results
CALGARY, May 8, 2014 /CNW/ - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX: WCP) is pleased to announce that we have filed on SEDAR our unaudited interim 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 Whitecap's unaudited interim financial statements and related MD&A which are available for review [Read more]
Athabasca Oil Corporation Reports First Quarter 2014 Financial and Operating Results
CALGARY, May 8, 2014 /CNW/ - Athabasca Oil Corporation (TSX: ATH) ("Athabasca" or "the Company") is pleased to report its first quarter 2014 financial and operating results. First quarter highlights: produced an average of 6,299 barrels of oil equivalent per day ("boe/d") with 47% liquids, in line with guidance of 6,000 to 6,500 boe/d; obtained initial results from two Duvernay wells, one well was brought on stream with an established 30-day restricted rate of approximately 750 boe/d with [Read more]
Southern Pacific Announces Financial and Operational Results for the Quarter Ended March 31, 2014
CALGARY, ALBERTA--(Marketwired - May 7, 2014) - Southern Pacific Resource Corp. ("Southern Pacific" or the "Company") (TSX:STP) today announced its financial and operational results for the quarter ended March 31, 2014 ("Q3 2014"). HIGHLIGHTS: Total Company production, which includes bitumen production from STP-McKay Phase 1 and heavy oil from STP-Senlac, averaged 4,071 barrels per day ("bbl/d") for the three months ended March 31, 2014; On March 31, 2014, the Company raised CAD$150 [Read more]
Suncor Energy reports employee fatality at its Oil Sands site
FORT MCMURRAY, ALBERTA--(Marketwired - May 7, 2014) - Suncor Energy regretfully reports an employee was the victim of a bear attack this afternoon at our Oil Sands base plant approximately 25 kilometres north of Fort McMurray. The employee was pronounced deceased on the scene. The RCMP along with Alberta Environment and Sustainable Resource Development (AESRD) - Fish and Wildlife Division responded to the scene and the animal was put down. "We are shocked by this very unusual incident and [Read more]
Legacy Oil + Gas Inc. announces deleveraging light oil corporate acquisition and increase to 2014 guidance
CALGARY, May 7, 2014 /CNW/ - Legacy Oil + Gas Inc. ("Legacy" or the "Company") (TSX:LEG) is pleased to announce the acquisition of Highrock Energy Ltd. ("Highrock"), a Saskatchewan based private light oil company (the "Acquisition"), and an increase to Legacy's average and exit production guidance for 2014. The Acquisition represents the first step in enhancing the Company's balance sheet to position the Company for higher production and funds flow from operations growth. SUMMARY OF THE [Read more]
Senate Democratic leader blocks Keystone XL pipeline vote as talks on energy bill fail
WASHINGTON - A bid by supporters of the proposed Keystone XL oil pipeline to force a vote on the controversial project fell apart Wednesday amid partisan bickering over how the vote should be conducted.Senate Majority Leader Harry Reid, D-Nev., used a parliamentary manoeuvr to block a bid by pipeline supporters to include the pipeline measure in an energy efficiency bill moving forward in the Senate. Republicans also were seeking an amendment to prevent the Environmental Protection Agency from [Read more]