CALGARY - The head of a Quebec business group says he's hopeful the public will support proposals to ship Alberta crude east, but that industry and government need to do a better job in assuring that such projects are safe. Michel LeBlanc, CEO of the Board of Trade of Metropolitan Montreal, cited the recent debate over shale gas extraction in the province, saying energy firms and government officials failed in attempt to address public concerns over the technology. LeBlanc says he hopes it [Read more]
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NuVista Energy Announces Common Share Financing
CALGARY, Nov. 12, 2013 /CNW/ - NuVista Energy Ltd. ("NuVista") (TSX: NVA) is pleased to announce that it has entered into an agreement with a syndicate of underwriters co-led by Peters & Co. Limited and RBC Capital Markets Corp., and including CIBC World Markets Inc., FirstEnergy Capital Corp., Scotia Capital Inc., BMO Capital Markets, TD Securities Inc. and National Bank Financial Inc. (collectively, the "Underwriters"), pursuant to which the Underwriters have agreed to purchase, on a [Read more]
RMP Energy Announces Third Quarter 2013 Results
CALGARY, ALBERTA--(Marketwired - Nov. 12, 2013) - RMP Energy Inc. ("RMP" or the "Company") (TSX:RMP) is pleased to report its results for the third quarter of 2013. For the three months ended September 30, 2013, RMP reported funds from operations of $17.8 million ($0.16 per basic share) on revenue of $33.8 million and average daily production of 6,639 barrels of oil equivalent. Highlights are as follows: Financial Highlights [Read more]
Traverse Energy Announces 2013 Third Quarter Results
CALGARY, ALBERTA--(Marketwired - Nov. 12, 2013) - Traverse Energy Ltd. ("Traverse" or "the Company") (TSX VENTURE:TVL) presents financial and operating results for the nine months ended September 30, 2013. Three months ended Sept. 30, Nine months ended Sept. 30, 2013 2012 2013 2012 Financial ($ thousands, except per share [Read more]
Wall considering permanent heritage fund for future
REGINA - Saskatchewan Premier Brad Wall says he thinks it's a good idea for the province to try to save money for the future while also paying off the debt. Wall made the comments after the release of a report calling for the creation of a permanent fund for future development using non-renewable resource revenues, such as those from oil and gas. The report by former University of Saskatchewan president Peter MacKinnon makes 10 recommendations, including putting a high priority on creating [Read more]
European shale gas experts say more environmental studies needed
WARSAW, Poland - European shale gas experts say more environmental studies are needed to address public concern about the security of extraction of the fossil fuel. Rene Peters, chairman of the EU Shale Gas Expert Group, told a conference in Warsaw on Tuesday that data gathered from extensive exploration in the United States does not apply to Europe, where geological and environmental conditions are different. The conference, on the sidelines of U.N. climate talks, concerned shale gas's [Read more]
Shoal Point and Partner Respond to Government of Newfoundland and Labrador Announcement Regarding Hydraulic Fracturing
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 12, 2013) - Mark Jarvis, CEO of Shoal Point Energy (CNSX:SHP)(OTCQX:SHPNF), announced today that farmout partner and operator Black Spruce Exploration made the following press release. An excerpt of the press release is quoted below; the full release can be viewed at www.blspexp.com. "In response to the recent announcement made in the House of Assembly by the Honourable Derrick Dalley, Minister of Natural Resources, that the "government will [Read more]
Bonavista Energy Corporation Announces New Director Appointment
CALGARY, ALBERTA--(Marketwired - Nov. 12, 2013) - Bonavista Energy Corporation ("Bonavista") (TSX:BNP) is pleased to announce the appointment of Ms. Sue Lee to its Board of Directors, effective today. With over 33 years of business experience and as the lead executive for Suncor Energy Inc.'s Human Resources and Communications functions for 16 years, Ms. Lee brings to Bonavista broad experience and expertise working with boards of directors and executives in the energy sector. Her extensive [Read more]
Anderson Energy Announces 2013 Third Quarter Results
CALGARY, ALBERTA--(Marketwired - Nov. 12, 2013) - Anderson Energy Ltd. ("Anderson" or the "Company") (TSX:AXL) announces its operating and financial results for the third quarter ended September 30, 2013. HIGHLIGHTS Funds from operations in the third quarter of 2013 were $1.4 million. Production was 3,449 BOED. Oil and NGL production averaged 1,263 bpd in the third quarter of 2013. Oil represented 983 bpd of total production. Funds from operations for the [Read more]
Crew Energy Announces Third Quarter 2013 Financial and Operating Results
CALGARY, ALBERTA--(Marketwired - Nov. 12, 2013) - Crew Energy Inc. ("Crew" or the "Company") (TSX:CR) of Calgary, Alberta is pleased to present its operating and financial results for the three and nine month periods ended September 30, 2013. Highlights Funds from operations were $42.0 million or $0.35 per share, a 6% increase over the third quarter of 2012. Excluding the impact of the Company's hedging program, funds from operations were $51.6 million or [Read more]