CALGARY, Feb. 11, 2014 /CNW/ - Cequence Energy Ltd. ("Cequence" or the "Company") (TSX: CQE) is pleased to provide the following operational update. Cequence recently evaluated available diagnostic data derived from its 01-21 and 02-21 Montney wells and has successfully completed the first phase of the planned remediation plan. Diagnostic analysis of the wells, which were drilled off the 07-29 pad, revealed that the heel portion of both wells were still suitable for frac operations. As such, [Read more]
News
Blackbird Energy Announces Plans to Spud First Horizontal Well at Its Mantario Oil Project
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 11, 2014) - Blackbird Energy Inc. ("Blackbird" or the "Company") (TSX VENTURE:BBI) is pleased to announce that it plans to spud its first horizontal well at its Mantario Oil Project in the second quarter of 2014, subject to weather and rig availability. The well will be spudded from a surface location at 16-1-26-25W3 with a horizontal lateral length of 800 meters. The trajectory of the horizontal well has been established using Blackbird's [Read more]
Longview Announces Update on Unsolicited Non-Binding Proposal
CALGARY, Feb. 11, 2014 /CNW/ - Longview Oil Corp. ("Longview" or the "Company") announces that further to its press release issued earlier today regarding the receipt of an unsolicited non-binding proposal (the "Proposal") from a public oil and gas company (the "Interested Party") to purchase all of the issued and outstanding shares of Longview ("Longview Shares"), Longview has been advised that the Interested Party has submitted an expression of interest to the underwriters (the "Underwriters") [Read more]
Donnycreek Provides Operations Update and 2014 Guidance
CALGARY, ALBERTA--(Marketwired - Feb. 10, 2014) - Donnycreek Energy Inc. ("Donnycreek" or the "Company") (TSX VENTURE:DCK) provides operations update and production guidance for the 2014 calendar year. Wapiti Donnycreek's Hz 1-26-64-8 W6M well (the "1-26 Well") has reached total measured depth of approximately 5,330 metres including a lateral length of approximately 1,600 metres in the middle Montney. Completion and testing operations are scheduled to begin in mid February 2014. Kakwa Five [Read more]
Southern Pacific Announces Financial and Operational Results for the Quarter Ended December 31, 2013
CALGARY, ALBERTA--(Marketwired - Feb. 10, 2014) - Southern Pacific Resource Corp. ("Southern Pacific" or the "Company") (TSX:STP) today announced its financial and operational results for the quarter ended December 31, 2013 ("Q2 2014"). HIGHLIGHTS: Total Company production, which includes bitumen production from STP-McKay Phase 1 and heavy oil from STP-Senlac, averaged 4,148 barrels per day ("bbl/d") for the three months ended December 31, 2013; At STP-McKay, bitumen production averaged [Read more]
US Oil in first close above US$100 this year
NEW YORK - Oil prices rose slightly Monday, enough to close above US$100 a barrel for the first time this year.Investors are awaiting the first public comments from the new chairman of the U.S. Federal Reserve. Janet Yellen, who last week was confirmed in her role. She is scheduled to appear before the U.S. Congress on Tuesday and traders will be particularly interested to hear anything she says about the withdrawal of the Fed's monetary stimulus.The central bank has reined in its stimulus [Read more]
Parade of energy firms to report this week
CALGARY - This week will see a parade of quarterly earnings from some big energy names, including two Calgary-based companies that are in the thick of strategic overhauls. Encana Corp. (TSX:ECA) and Talisman Energy Inc. (TSX:TLM) are both in the process of shrinking. Instead of throwing money at an array of different projects, the two are concentrating on the most lucrative regions and prioritizing profitability over production growth. Talisman will post its results for the full year and [Read more]
Cardinal Energy Ltd. Announces Closing of Private Placement
CALGARY, ALBERTA--(Marketwired - Feb. 10, 2014) - Cardinal Energy Ltd. ("Cardinal") (TSX:CJ) is pleased to announce that it has closed the previously announced private placement (the "Offering") of 2,187,500 common shares ("Common Shares") at a price of $12.80 per Common Share. The gross proceeds from the Offering totalled $28 million. The Offering was underwritten by a syndicate of underwriters co-led by RBC Capital Markets and CIBC and included GMP Securities L.P., Macquarie Capital Markets [Read more]
Longview gets takeover offer
CALGARY - Longview Oil Corp. is reviewing an unsolicited, non-binding takeover offer from an unidentified public company. Longview provided few details except that the prospective bidder would pay for the deal with its own shares. The company says it has set up a special committee to review the proposal and also adopted a shareholder rights plan. The rights plan is a defensive move to provide Longview's board with time to evaluate the offer and alternatives. The overture comes at a [Read more]
Longview Announces Receipt of Unsolicited Non-Binding Proposal, Formation of a Special Committee and Directors Approval of Shareholder Rights Plan
CALGARY, Feb. 10, 2014 /CNW/ - Longview Oil Corp. ("Longview" or the "Company") announces today that it has received an unsolicited non-binding proposal (the "Proposal") from a public oil and gas company (the "Interested Party") to purchase all of the issued and outstanding shares of Longview ("Longview Shares"). Under the non-binding Proposal, the Interested Party proposes to purchase the Longview Shares in exchange for shares of the Interested Party. The Proposal is based on an exchange ratio [Read more]