CALGARY, ALBERTA--(Marketwired - May 23, 2013) -Alexander Energy Ltd. ("Alexander" or the "Company"), (TSX VENTURE:ALX) announces that the recently drilled 12-12-56-27W4 well tested at rates in excess of 240 bbls/day of oil with minimal gas, and 2% water. Pipeline tie-in construction to Alexander's field gathering system is underway and should be completed by mid-June. The well is expected to initially produce at the maximum allowable of 125 bbls/day (net 118 bbls/day). The success of the [Read more]
News
Traverse Energy Ltd Announces Private Placement Financing
CALGARY, ALBERTA--(Marketwired - May 23, 2013) -Traverse Energy Ltd. (the "Corporation") (TSX VENTURE:TVL) intends to complete a non-brokered private placement (the "Private Placement") to a single investor of up to 2,420,000 common shares of the Corporation ("Shares") for total gross proceeds of $1,504,500. Of the total number of Shares to be issued by the Corporation (i) up to 750,000 Shares will be issued on a "flow through" basis eligible for the renunciation of Canadian exploration [Read more]
Surge Energy Inc. Announces Settlement Agreement
CALGARY , May 23, 2013 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (SGY.TO) is pleased to announce that it has reached a mutually beneficial settlement agreement, whereby all third party objections to Surge's holding applications at Valhalla have been withdrawn. The negotiated settlement includes compensation by Surge of $4.0 million for gas production over the past 30 months. The agreement includes a commercial arrangement which accounts for and compensates the parties for any future [Read more]
Pulse Seismic Inc. Announces Appointment of Vice President Sales and Marketing
CALGARY, ALBERTA--(Marketwired - May 23, 2013) - Pulse Seismic Inc. ("Pulse" or "the Company") (PSD.TO)(PLSDF) announces the appointment of Trevor Meier as Vice President Sales and Marketing effective June 1, 2013. Mr. Meier joined the Pulse team in 2006 as a Sales and Marketing Representative and most recently as Manager, Sales and Marketing. He was previously employed at Johnson & Johnson and held various sales and management positions throughout western Canada. Mr. Meier will be [Read more]
Marathon Oil ends talks to sell oilsands assets
Marathon Oil Corporation's bid to sell off its stake in the Athabasca Oil Sands Project has ended with "terminated negotiations". The company said in a press release it "is not engaged in further discussions with respect to a potential sale of these assets". Read the release below courtesy Marathon Oil Corp: As previously announced, Marathon Oil Corporation (NYSE: MRO) had engaged in discussions with respect to a potential sale of a portion of the Company's 20 percent outside-operated [Read more]
Oil price falls to near $93 a barrel in Europe after China manufacturing contracts in May
By Pablo Gorondi, The Associated Press The price of oil fell to near $93 a barrel on Thursday after a survey showed manufacturing activity in China falling to its lowest level in seven months, a sign that the recovery in the world's No. 2 economy is fading. By early afternoon in Europe, benchmark oil for July delivery was down 99 cents to $93.29 a barrel in electronic trading on the New York Mercantile Exchange. The contract declined $1.90 to close at $94.28 a barrel on Wednesday. HSBC [Read more]
Painted Pony Reports Record Production, Announces First Quarter 2013 Financial Results, Operational Update and Officer Retirement
CALGARY, ALBERTA--(Marketwired - May 23, 2013) - Painted Pony Petroleum Ltd. ("Painted Pony" or the "Company") (TSX VENTURE:PPY) is pleased to report its financial and operating results for the three month period ending March 31, 2013. Highlights for the first quarter of 2013 include: achieved a new quarterly production record, with average daily volumes growing to 8,596 barrels ("bbl") of oil equivalent ("boe") per day ("boe/d") (weighted 79% gas), an increase of 18% over the fourth quarter [Read more]
Questfire Energy Corp. Announces 2013 First Quarter Financial Results
CALGARY, ALBERTA--(Marketwired - May 23, 2013) - Questfire Energy Corp. (TSX VENTURE:Q.A)(TSX VENTURE:Q.B) (the "Corporation" or "Questfire") is pleased to announce that it has filed on SEDAR its unaudited financial statements and related management's discussion and analysis ("MD&A") for the three month period ended March 31, 2013. First Quarter 2013 Corporate Highlights Completed a detailed due diligence review of Advantage Oil & Gas Ltd.'s non-core assets, which was completed [Read more]
US Congress passes bill to speed approval of Keystone pipeline
By Associated Press WASHINGTON — House Republicans pushed through a bill Wednesday to bypass the president to speed approval of the Keystone XL oil pipeline from Canada to Texas. Democrats criticized the legislation as a blatant attempt to allow a foreign company to avoid environmental review. The bill was approved, 241-175, largely along party lines. Republicans said the measure was needed to ensure that the long-delayed pipeline, first proposed in 2008, is built. “This is the most [Read more]
3MV Energy Announces Appointment of Interim CEO
CALGARY, May 22, 2013 /CNW/ - 3MV Energy Corp. ("3MV" or the "Company") (TSXV:TMV.V) announces that Dallas C. Duce, a director of 3MV, has been appointed interim Chief Executive Officer. Dallas C. Duce has been a director of 3MV since November 4, 2010. Mr. Duce is an electrical technologist and owns Duce Developments Ltd. in Estevan, Saskatchewan. He is also the former owner of Duce Oil, which was a private oil and gas exploration and production company based in Estevan, Saskatchewan that was [Read more]