CALGARY, Oct. 30, 2013 /CNW/ - Athabasca Oil Corporation (TSX: ATH) ("Athabasca" or "the Company") is pleased to report its third quarter 2013 results. Athabasca has filed its financial statements and management's discussion and analysis for the three and nine month periods ended September 30, 2013. These documents are available on the Company's website www.atha.com and later this morning from SEDAR www.sedar.com. Operations Update Safety in the workplace is a prime focus for Athabasca. The [Read more]
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MGM Energy Corp.: Financial Results for the Three and Nine Months Ended September 30, 2013
CALGARY, ALBERTA--(Marketwired - Oct. 29, 2013) - MGM Energy Corp. (TSX:MGX) ("MGM Energy" or the "Company") announced today its financial results for the three month and nine month periods ended September 30, 2013. The Company reported a net loss for the three month period ended September 30, 2013 of $3.0 million ($0.01 per share) as compared to a net loss of $2.1 million ($0.01 per share) for the three month period ended September 30, 2012. MGM Energy had working capital of $11.0 [Read more]
Alberta’s environmental monitoring panel to be running by early 2014
EDMONTON - The Alberta government says its long-promised environmental monitoring agency will be up and running by early in the new year. That's despite the fact it has no leaders, scientific advisers or permanent funding. Aboriginal groups say they've been left out of the process, and legislation to create the agency hasn't passed yet. Alberta Environment official Ernie Hui says there's a lot of work to do. But he says people from industry, academia and the environmental community [Read more]
Premiers Wall, Alward urge Canada to move forward on pipeline development
OTTAWA - Two of the country's premiers are in Ottawa to deliver the message that all of Canada will reap the rewards of moving Canadian energy to coastal ports in order to sell it to international markets. New Brunswick Premier David Alward says "every province, every region, every community, every Canadian" will benefit from pipelines that would carry oil from western provinces to ocean ports. Alward and his Saskatchewan colleague, Brad Wall, are urging provinces like Quebec and Ontario [Read more]
NuVista Energy Ltd. Announces Closing of Equity Financings
CALGARY, ALBERTA--(Marketwired - Oct. 29, 2013) - NuVista Energy Ltd. (TSX:NVA) ("NuVista") is pleased to announce that it has closed its previously announced private placement and public offering of an aggregate of 5,129,000 common shares issued on a "flow-through" basis pursuant to the Income Tax Act (Canada) for gross proceeds of approximately $39.7 million. NuVista has completed a public offering of 3,200,000 common shares issued on a "flow-through" basis in respect of Canadian [Read more]
Edge Resources Inc. Announces Production Increase and Drilling Program Update, Revised Banking Facilities and Resignation of Director
CALGARY, ALBERTA--(Marketwired - Oct. 29, 2013) - Edge Resources Inc. (TSX VENTURE:EDE)(AIM:EDG) ("Edge" or the "Company"), is pleased to provide another production update on its vertical Eye Hill East well and, as a result, the intention to commence a further drilling program. In addition, the Company has renewed its credit facilities (the "Credit Facilities") with National Bank of Canada. The Company also announces the resignation of Vishnu Reddy from the Board. Production Update: As [Read more]
Most new drills in US produce both oil and natural gas
Source: U.S. Energy Information Administration, based on Drillinginfo In 2011 and 2012, more than 50% of new wells produced both oil and natural gas. Despite this phenomenon, many traditional methods for estimating oil and natural gas production attempt to track the development of oil and natural gas as separate rather than joint activities. The analytical framework of EIA's new Drilling Productivity Report (DPR) accounts for integrated production of natural gas and liquid [Read more]
Redford heads to Washington to talk Keystone
EDMONTON - Alberta Premier Alison Redford will make her fifth trip to Washington next month to speak about the need for the Keystone XL pipeline.She will meet with officials in the U.S. State Department as they finalize an environmental assessment of the proposed transcontinental pipeline.Redford says she will also meet again with Heidi Heitkamp, the Democratic senator from North Dakota who is a strong pipeline advocate.The premier leaves on Nov. 11 for the two-day trip, during a week when the [Read more]
No Ontario environmental assessment of Line 9
TORONTO - Ontario won't conduct its own environmental assessment of a plan to reverse the flow of the Line 9 oil pipeline that runs through the province, Energy Minister Bob Chiarelli said Monday.Calgary-based Enbridge Inc. wants to reverse Line 9 and increase its capacity to move 300,000 barrels of crude oil per day, up from the current 240,000 barrels.It has also asked for permission to move different types of oil between southwestern Ontario and Montreal, including a heavier form of crude.The [Read more]
B.C. announces funds for First Nations to get involved in clean energy
VANCOUVER -- A dozen British Columbia First Nations will share $1.3 million in provincial funding to develop clean energy, Aboriginal Affairs Minister John Rustad announced Monday during a speech to the Clean Energy Association of B.C. But some First Nations fear, despite the funding, that government interest in the green option is cooling in the shadow of the province's multibillion-dollar liquefied natural gas dreams. Judith Sayers, a former chief of the Hupacasath First Nation on [Read more]