CALGARY, ALBERTA--(Marketwired - March 12, 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 year ended December 31, 2013. The Company also announces that its audited financial statements and management's discussion and analysis for the year ended December 31, 2013, will be available shortly on SEDAR at www.sedar.com, on EDGAR at www.sec.gov/edgar.shtml and on Crescent Point's website at [Read more]
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Manitok Energy Inc. Announces Intention to Commence A Normal Course Issuer Bid
CALGARY, ALBERTA--(Marketwired - March 12, 2014) - Manitok Energy Inc. (the "Corporation" or "Manitok") (TSX VENTURE:MEI) announces that it intends to conduct a normal course issuer bid (the "Bid") to purchase for cancellation up to 6,777,286 common shares in the capital of Manitok ("Common Shares"), representing 10% of its Public Float (as such term is defined under the TSX Venture Exchange Corporate Finance Manual). Manitok plans to fund the Bid with its funds from operations and available [Read more]
Judge rules oilsands exploration on Saskatchewan First Nation is legal
DILLON, Sask. - A Court of Queen's Bench Justice has ruled against the Buffalo River Dene Nation in its attempt to halt oilsands exploration on what the band calls its traditional territory.The legal action was launched last summer after two exploration permits were issued to Scott Land and Lease.The First Nation believes granting the permits was a violation of treaty rights and says the policy of duty to consult was ignored.But Justice Grant M. Currie has ruled the issuing of exploration [Read more]
Spyglass Resources Corp. Announces 2013 Reserves, 2013 Full Year and Fourth Quarter Results, 2014 Guidance and March Monthly Dividend
CALGARY, ALBERTA--(Marketwired - March 11, 2014) - Spyglass Resources Corp. (TSX:SGL)(OTCQX:SGLRF) ("Spyglass", or the "Company") is pleased to announce annual financial and operating results for the year ended December 31, 2013. Selected financial and operational information for the full year and fourth quarter of 2013 is outlined below along with 2013 reserves evaluated in accordance with National Instrument 51-101 - Standards of Disclosure for Oil and Gas Activities ("NI 51-101") and should [Read more]
Oil falls near US$100 a barrel; analysts predict a rise in US stockpiles
The price of oil dropped near US$100 a barrel Tuesday on expectations that U.S. oil supplies rose last week.Benchmark West Texas Intermediate crude for April delivery dropped $1.09 to close at US$100.03 a barrel on the New York Mercantile Exchange, the lowest price in a month.Brent crude, used to set prices for international varieties, rose 47 cents to US$108.55 on the ICE Futures exchange in London.Investor expectations that the U.S. Energy Department will report an eighth straight weekly [Read more]
Zargon Oil & Gas Ltd. Provides 2013 Fourth Quarter and Full Year Financial Results
CALGARY, ALBERTA--(Marketwired - March 11, 2014) - Zargon Oil & Gas Ltd. ("Zargon" or the "Company") (TSX:ZAR)(TSX:ZAR.DB) HIGHLIGHTS FROM THE FOURTH QUARTER AND YEAR ENDED DECEMBER 31, 2013 Fourth quarter 2013 funds flow from operating activities of $12.15 million ($0.40 per basic share) were 26 percent lower than the $16.45 million ($0.55 per basic share) recorded in the prior quarter due primarily to significantly lower oil field price realizations from [Read more]
Arsenal Energy Inc. Announces 2013 Fourth Quarter and Year End Results
CALGARY, ALBERTA--(Marketwired - March 11, 2014) - Arsenal Energy Inc. (TSX:AEI) (PINKSHEETS:AEYIF) is pleased to release its Q4 and full year 2013 financial and operating results and its 2013 yearend reserves. SUMMARY OF FINANCIAL AND OPERATIONAL RESULTS Three Months Ended December 31 Year Ended December 31 (ooo'S Cdn. $ except per share amounts) 2013 2012 % Change 2013 2012 % Change FINANCIAL Oil and gas [Read more]
Oil truck spills 18,000 litres of crude on highway in east-central Alberta
VETERAN, Alta. - Crews are busy cleaning up a gooey mess after a tanker truck spilled 18,000 litres of oil in east-central Alberta.RCMP say the truck rolled over on Highway 884 south of Veteran late Monday afternoon.The rollover caused a breach in the tank and the oil spilled onto the surrounding snow.The driver was treated at the scene for minor injuries.Crews are using backhoes, loading vehicles and hydrovac trucks to recover the oil.Alberta Environment says the spill doesn't pose any health [Read more]
Keystone delays seen keeping investment away from junior energy space
CALGARY - Uncertainty over the Keystone XL pipeline is a "black mark" that's been keeping investors away from the Canadian junior energy space, says a Calgary investment banker.The sentiment may not be entirely logical, with several other alternatives on the table to get oil to lucrative markets, such as rail and a host of other pipeline proposals.But Sonny Mottahed, CEO and managing partner at Black Spruce Merchant Capital, said there's a "big psychology component" at play."The psychology of [Read more]
Advantage Announces Glacier 2013 Reserves Additions Replace 840% of Production, Achieves 135 mmcfe/d Phase VI Production Ahead of Schedule with Capital Spending Below Budget
CALGARY, March 11, 2014 /CNW/ - Advantage Oil & Gas Ltd. ("Advantage" or the "Corporation") is pleased to report strong year end 2013 reserve additions for its Montney resource property at Glacier, Alberta ("Glacier"). Proven plus probable ("2P") reserve additions were achieved at a finding and development cost of $1.33/mcfe ($7.99/boe) and a recycle ratio of 2.1. Total 2P reserves are up 20% to 1.7 trillion cubic feet ("Tcfe"). We are also pleased to report Glacier production reached our [Read more]