PetroBakken Energy Ltd., is pleased to announce that average production for the month of December 2012, was 53,200 barrels of oil equivalent a day ("boepd") based on field estimates. We are also pleased to announce a $675 million capital plan in 2013 that is expected to result in an 8 to 12 percent growth in average annual production. Operational Update PetroBakken had a successful year in 2012. Early in the year we completed certain initiatives to strengthen our financial position and [Read more]
News
Crude Oil Inventory Update to January 4
[table] [attr style="width: 24%"]Product`[attr style="width: 24%"]January 4`[attr style="width: 24%"]December 28`[attr style="width: 14%"]Change`[attr style="width: 14%"]% Change Crude Oil`361,253`359,939`+1,314`+0.4% Gasoline`233,085`225,673`+7,412`+3.3% Distillate`130,744`123,967`+6,777`+5.5% Propane`65,572`66,670`-1,098`-1.6% Jet Fuel`39,630`39,187`+443`+1.1% Unfinished Oils`81,846`81,592`+254`+0.3% Residual Fuel Oil`35,566`36,423`-857`-2.4% [attr style="font-weight:bold"]Total`[attr [Read more]
Hawk Announces Cancellation of Certain Stock Options
Hawk Exploration Ltd. announces that it has cancelled options ("Options") to acquire an aggregate of 1,011,500 common shares ("Common Shares") in the capital of the Corporation granted May 3, 2010 at an exercise price of $1.00 per Common Share. All of the cancelled Options were voluntarily surrendered by directors, officers, and employees of Hawk and, of such options, 852,500 were held by directors and officers of Hawk. Hawk is an emerging exploration company engaged in the exploration, [Read more]
Waldron Announces Operational Update
Waldron Energy Corporation is pleased to provide an operational update regarding the fourth quarter 2012 production estimate of approximately 2,475 boe/d consisting of 650 bbls/day of oil and natural gas liquids and 11 mmscf/d of natural gas. This compares to a third quarter 2012 production of 2,235 boe/d. The Corporation currently estimates production at 2,400 boe/d based on 600 bbls/day of oil and natural gas liquids and 10.8 mmscf/d of natural gas. The Corporation has engaged Macquarie [Read more]
Penn West announces 2013 capital budget
PENN WEST PETROLEUM LTD. is pleased to announce that the Board of Directors has approved its capital budget for 2013. Penn West has a leading position in several emerging and established light-oil resource plays as well as numerous other large scale resource opportunities. Control of this quality asset base affords Penn West the ability to allocate capital to achieve a range of strategic goals. In the past several years, Penn West has balanced appraisal of its significant resource base with a [Read more]
Bonavista Announces a Reduction in Monthly Dividends, Closing of a Synergistic Deep Basin Acquisition, Confirmation of the 2013 Capital Budget and Increased Production Guidance
Bonavista Energy Corporation announces that its Board of Directors has approved a reduction in the monthly dividend from $0.12 per share to $0.07 per share, beginning with the payment due February 15, 2013 to common shareholders of record on January 31, 2013, with an ex-dividend date of January 29, 2013. Despite encouraging signs of recovery in the fall of 2012, North American natural gas fundamentals have deteriorated significantly since that point. Driven by widespread technological success [Read more]
Angle Energy Inc. Provides Operational Update and 2013 Guidance
Angle Energy Inc. is pleased to provide shareholders with the following activity updates and corporate information. HIGHLIGHTS Angle drilled and rig released 10 gross (8.3 net) horizontal wells in the fourth quarter of 2012, with 6 gross (4.3 net) wells targeting Cardium light oil, with a 100% success rate. Currently, Angle has 3 gross (2.5 net) horizontal wells in completion operations or awaiting completion. Due to Angle's oil weighting in the fourth quarter of 2012, it is anticipated [Read more]
Sonde Announces Initiation of Western Canada Strategic Alternatives Process
Sonde Resources Corp. reports that it has retained FirstEnergy Capital Corp. ("FirstEnergy") to initiate a process to explore and evaluate potential strategic alternatives with regard to Sonde''s western Canadian production and exploratory acreage, with a view to enhancing shareholder value. In particular, the Company seeks alternatives that will reduce emphasis on legacy producing assets, and facilitate a focus on creating value from its large portfolio of exploratory acreage, which contains [Read more]
Fairborne Energy Ltd. Announces Change of Name to Santonia Energy Inc.
Fairborne Energy Ltd. announces that it has changed its name to Santonia Energy Inc. ("Santonia") effective January 9, 2013. The name change was approved by shareholders of the Corporation at the special meeting of shareholders of the Corporation held on January 8, 2013 (the "Special Meeting"). The Corporation expects that trading of its common shares on the Toronto Stock Exchange under its new name and trading symbol of "STE" will commence within two to three business days from today's [Read more]
Progress Energy picks TransCanada for $5-billion natural gas pipeline project
Progress Energy has awarded a $5-billion natural gas infrastructure project across northern British Columbia to TransCanada Corp., the Calgary-based pipeline company. TransCanada will design, build, own and operate the proposed Prince Rupert Gas Transmission project for Progress. It will also extend an existing transmission line to connect with the Prince Rupert line to serve Progress and other gas suppliers. The Prince Rupert transmission line will carry gas from the North [Read more]