CALGARY, ALBERTA--(Marketwired - March 6, 2014) - Storm Resources Ltd. (TSX VENTURE:SRX) Storm has also filed its audited consolidated financial statements as at December 31, 2013 and for the three months and year then ended along with Management's Discussion and Analysis ("MD&A") for the same periods. This information appears on SEDAR at www.sedar.com and on Storm's website at www.stormresourcesltd.com. Selected financial and operating information for the three months and year ended [Read more]
News
Athabasca Oil Corporation Reconfirms Its Near Term Capital Focus and Announces Associated Staff Reductions
CALGARY, March 6, 2014 /CNW/ - As previously communicated, Athabasca Oil Corporation (TSX: ATH) ("Athabasca" or "the Company") completed a detailed review of its near term exploration and development priorities late last year with a view to allocate capital between its many development opportunities. As a result, the Company announced an initial 2014 capital budget focused on its key near term priorities, including the completion of Hangingstone Project 1, preparation for a Hangingstone [Read more]
Petrobank Announces 2013 Reserves and Resources and Year-End 2013 Financial and Operating Results
CALGARY, ALBERTA--(Marketwired - March 6, 2014) - Petrobank Energy and Resources Ltd. (TSX:PBG) announces the results of our reserves and resources evaluation for the year ended December 31, 2013 conducted by McDaniel and Associates Consultants Ltd. ("McDaniel") and Sproule Associates Ltd. ("Sproule") and provides an operating update. The consolidated financial statements as at and for the years ended December 31, 2013 and 2012 represent the operations of the assets and liabilities [Read more]
Marquee Energy Ltd. announces completion of the acquisition of strategic assets in its oil focused Michichi core area
CALGARY, March 6, 2014 /CNW/ - Marquee Energy Ltd. ("Marquee" or the "Company") (TSXV: MQL) (OTCQX: MQLXF) is pleased to announce the closing of the acquisition (the "Acquisition") by the Company of certain low decline, operated, producing assets contiguous with the Company's operations at Michichi from Paramount Resources Ltd. ("Paramount"). The purchase price of $11,650,000 (the "Purchase Price") was paid through the issuance of 13,705,883 common shares ("Shares") in the capital of Marquee at [Read more]
Cequence Energy Announces 2013 Financial and Operating Results
CALGARY, March 6, 2014 /CNW/ - Cequence Energy Ltd. ("Cequence" or the "Company") (TSX: CQE) is pleased to announce its 2013 operating and financial results for the three months and the year ended December 31, 2013. The Company's Audited Consolidated Financial Statements and Management's Discussion and Analysis for the years ended December 31, 2013 and 2012 are available at cequence-energy.com and on SEDAR at www.sedar.com. Highlights Financial highlights for 2013 include: Increased [Read more]
Hillary Clinton says little to reassure Calgary crowd on Keystone
CALGARY - Former U.S. secretary of state Hillary Clinton says whatever the decision on the proposed Keystone XL pipeline, it's important that Canada and the United States retain a good working relationship."I think it's important not to let whatever that decision is on one pipeline colour the potential for co-operation ... between the United States and Canada on energy production and climate change," Clinton told about 2,500 business leaders at a private event in Calgary on Thursday.She offered [Read more]
Keystone XL ad visible on White House website
WASHINGTON - The oil and gas industry got some prime online real estate for their ad pressing President Barack Obama on the Keystone XL pipeline: The White House’s official website. Obama held a virtual town hall Thursday about Latino health care enrollment, organized by Spanish-language TV networks. To give visitors a way to watch, the White House embedded a live stream from the Fusion network on its own website. Fusion’s live stream first shows users an advertisement, known as a [Read more]
Freehold Royalties Ltd. Announces 2013 Fourth Quarter Results and Year-end Reserves
CALGARY, ALBERTA--(Marketwired - March 6, 2014) - Freehold Royalties Ltd. (Freehold) (TSX:FRU) today announced 2013 fourth quarter results and reserves as at December 31, 2013. Results at a Glance Three Months Ended Twelve Months Ended FINANCIAL HIGHLIGHTS December 31 December 31 ($000s, except as noted) 2013 2012 Change 2013 2012 Change Gross revenue 45,287 45,794 -1 % 181,578 168,134 8 % Net [Read more]
National Energy Board approves Line 9 plan
TORONTO - The National Energy Board has approved energy giant Enbridge's plan to reverse the flow and increase the capacity of a pipeline that has been running between southern Ontario and Montreal for years.The green light is subject to certain conditions and requirements.The decision on the controversial Line 9 comes some four months after the federal regulator held public hearings on the Calgary-based company's (TSX:ENB) proposal.The board says its decision enables Enbridge to "react to [Read more]
Paramount Resources Ltd. 2013 Results: Proved Reserves Up 72%; Conventional P+P Reserves Up 54%; Musreau Deep Cut Facility To Ramp-up In Q2 2014; Company Production To Reach 50,000 Boe/d In 2014
CALGARY, ALBERTA--(Marketwired - March 6, 2014) - Paramount Resources Ltd. (TSX:POU) - OVERVIEW Oil and Gas Operations Proved reserves increased 72 percent year-over-year to 87.7 MMBoe, after production of 7.6 MMBoe and dispositions of 2.2 MMBoe (replacement ratio of 6.1 times). Total proved and probable ("P+P") reserves increased 47.3 MMBoe to 227.3 MMBoe, with conventional P+P reserves increasing 54 percent to 133.8 MMBoe (replacement ratio of 7.6 times) and probable oil sands [Read more]