CALGARY, ALBERTA--(Marketwired - Aug. 7, 2013) - Essential Energy Services Ltd. (TSX:ESN) ("Essential" or the "Company") announces second quarter results and an increase in the quarterly dividend. INCREASED QUARTERLY DIVIDEND Essential is pleased to announce an increase in the quarterly dividend from $0.025 per share to $0.03 per share. This is a 20% increase that reflects Essential's strong financial position and positive view of the future. The cash dividend for the [Read more]
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Artek Exploration Ltd. Announces Second Quarter 2013 Financial Results and Updates Operations and Increases Guidance for 2013
CALGARY, ALBERTA--(Marketwired - Aug. 7, 2013) - Artek Exploration Ltd. (TSX:RTK) of Calgary, Alberta ("Artek" or the "Company") is pleased to provide this summary of its financial and operating results for the three and six months ended June 30, 2013. A complete copy of the Company's comparative financial statements for the three and six months ended June 30, 2013, along with management's discussion and analysis in respect thereof will be filed on SEDAR and on the Company's website at [Read more]
Paramount Resources Ltd. Second Quarter 2013 Results
CALGARY, ALBERTA--(Marketwired - Aug. 7, 2013) - Paramount Resources Ltd. (TSX:POU) SECOND QUARTER OVERVIEW Principal Properties The final stages of construction of the Company's wholly-owned 200 MMcf/d deep cut facility at Musreau (the "Musreau Deep Cut Facility") will be completed over the next few months and the project remains in-line with budget. Commissioning of the major components will begin in the fourth quarter of 2013. Advance [Read more]
Long Run Exploration Ltd. and Industry Partners Southern Alberta Flood Relief Donations Exceed $1 Million
CALGARY, ALBERTA--(Marketwired - Aug. 7, 2013) - Long Run Exploration Ltd. ("Long Run") (TSX:LRE) and a syndicate of industry partners including Alberta Tubular Products Ltd., Canadian Energy Services & Technology Corp., Phoenix Technology Services LP, Trinidad Drilling Ltd., Cormark Securities Ltd., Cathedral Energy Services Ltd., Coral Hill Energy Ltd., Matrix Drilling Fluids Ltd., and Secure Energy Services Inc., grouped together to donate funds targeting flood relief efforts in southern [Read more]
Inter Pipeline Fund Announces Expansion of Polaris Pipeline for the Kearl Oil Sands Project
CALGARY, ALBERTA--(Marketwired - Aug. 7, 2013) - Inter Pipeline Fund ("Inter Pipeline") (TSX:IPL.UN) announced today that it will increase capacity on its Polaris Pipeline system in support of the phased development of the Kearl oil sands project operated by Imperial Oil Resources Ventures Limited ("Imperial"). Under the terms of an existing 25-year ship-or-pay diluent transportation contract, Imperial holds an option to increase its firm capacity commitment on the Polaris Pipeline from 60,000 [Read more]
Tourmaline Oil Corp. Continues Record Profitable Growth, Updates Expanding EP Program
CALGARY, ALBERTA--(Marketwired - Aug. 7, 2013) - Tourmaline Oil Corp. (TSX:TOU) ("Tourmaline" or the "Company") is pleased to announce results for the three and six months ended June 30, 2013 and provide an update on its 2013 EP program. Q2 2013 Highlights Record quarterly production of 70,178 boepd, a 38% increase over second quarter of 2012. Second quarter 2013 earnings of $30.0 million, a 2,865% increase over second quarter 2012. [Read more]
Maine firm in Quebec tragedy files for bankruptcy
BANGOR, Maine (AP) -- A railroad company whose runaway oil train caused a fire and explosion that killed 47 people in a small town in Canada filed for bankruptcy protection on Wednesday. The Montreal, Maine and Atlantic Railway Inc. filed for Chapter 11 bankruptcy protection in U.S. and Canadian courts, citing debts to more than 200 creditors following the July disaster in Lac-Megantic, Quebec. Company Chairman Ed Burkhardt had said previously that a bankruptcy filing was likely following [Read more]
Arsenal Energy Releases Q2 Results and Announces Consolidation and Dividend
CALGARY, ALBERTA--(Marketwired - Aug. 7, 2013) - Arsenal Energy Inc. ("Arsenal" or "Company") (TSX:AEI) (PINKSHEETS:AEYIF) is pleased to release its Q2 2013 results and announce the consolidation of share capital and a dividend. Cash flow for the second quarter was $10.0 million, a 40% increase from 2013 Q1 and a 53% increase compared to Q2 2012. It is anticipated that cash flow will show additional substantial growth in the third quarter due to production increases from recently drilled Bakken [Read more]
Tuscany Energy Ltd. Commences an Oil Development Program in Saskatchewan
CALGARY, ALBERTA--(Marketwired - Aug. 7, 2013) - Tuscany Energy Ltd. ("Tuscany") (TSX VENTURE:TUS). Tuscany today announced it has commenced a 3 well heavy oil horizontal development program, located near Lloydminster in west-central Saskatchewan. The first well, Tuscany's Macklin 93/6-33-39-28 W3, was successfully drilled and encountered over 300 meters of oil saturated sand in the Dina formation and a liner has been run. The well is a 50 metre offset from the Tuscany [Read more]
Offshore oil production to fuel economic growth in St. John’s
OTTAWA, Aug. 7, 2013 /CNW/ - Increased offshore oil production will make St. John's, Newfoundland and Labrador the fastest growing economy among 15 Canadian cities in 2013, according to The Conference Board of Canada's Metropolitan Outlook-Summer 2013. "With economic growth forecast to reach five per cent this year, St. John's is expected to more than recover from a 3.2 per cent decline in 2012," said Mario Lefebvre, Director of the Conference Board's Centre for Municipal Studies. "As the hub [Read more]