CALGARY , May 14, 2013 /CNW/ - Insignia Energy Ltd. ("Insignia" or the "Company") (ISN.TO) is pleased to announce its financial and operating results for the first quarter ended March 31, 2013 . Copies of the Financial Statements and Management's Discussion and Analysis for the period ended March 31, 2013 will be filed with Canadian securities regulators on SEDAR on May 14, 2013 and accessible at www.sedar.com or by visiting Insignia's website at www.insigniaenergy.ca. FINANCIAL AND OPERATING [Read more]
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Premier Wall says Saskatchewan has GAME CHANGING carbon capture technology
REGINA - Saskatchewan Premier Brad Wall says the province has game-changing carbon capture technology and he's trying to sell the idea to the world. Wall spoke today at an annual carbon capture conference in Pittsburgh. The premier says there was keen interest in a project at the Boundary Dam power station near Estevan. The plan there is to capture up to 90 per cent of CO2 emissions. Most of the CO2 captured from Boundary is to be used to push more oil out of the ground in [Read more]
IEA sees surging US crude output, slowing global demand
NEW YORK, N.Y. - The International Energy Agency raised its forecast for U.S. oil production while cutting its prediction for global crude demand. The loss came after the Paris-based IEA, which advises 28 countries about energy issues, said rising U.S oil output will be the key source of new supplies over the coming five-year period. "The supply shock created by a surge in North American oil production will be as transformative to the market over the next five years as was the [Read more]
SEND IT EAST: New Brunswick mayor promotes west-to-east oil pipeline
CALGARY - A New Brunswick mayor says it's important that producers understand the advantages of a pipeline that would carry western crude oil to eastern refineries. Mel Norton of Saint John says he and other delegates have been in Alberta for the last couple of days talking about what's been dubbed the Energy East pipeline. Calgary-based TransCanada Corp. (TSX:TRP) said last month it wants solid backing from shippers before deciding whether to go ahead with a proposal to convert [Read more]
High North Resources Ltd. Announces $8,250,000 Financing and New President
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 14, 2013) - THIS PRESS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES High North Resources Ltd. ("High North" or the "Company")(TSX VENTURE:HN) - is pleased to announce a non-brokered private placement financing (the "Financing") for the sale of 15,000,000 non flow-through units at a price of $0.35 per unit and 7,500,000 flow-through shares at a price of $0.40 cents per share, for total gross [Read more]
DeeThree Exploration Ltd. Announces Best Bakken Test Rate to Date and First Quarter 2013 Financial and Operating Results
CALGARY, ALBERTA--(Marketwired - May 14, 2013) - DEETHREE EXPLORATION LTD. ("DeeThree" or the "Company") (DTX.TO) (DTHRF) is pleased to release an operational update and its financial and operational results for the quarter ended March 31, 2013. OPERATIONAL UPDATE Throughout the first quarter of 2013, the Company invested $41.6 million principally directed at its winter drilling program. Drilling activity included the rig release of 6.0 gross (5.9 net) wells on the Brazeau Belly River [Read more]
Anderson Energy Announces 2013 First Quarter Results
CALGARY, ALBERTA--(Marketwired - May 14, 2013) - Anderson Energy Ltd. ("Anderson" or the "Company") (AXL.TO) is pleased to announce its operating and financial results for the first quarter ended March 31, 2013. HIGHLIGHTS - In the first quarter of 2013, the Company completed its Cardium horizontal light oil winter drilling program. Initial production rates using slick water frac technology were vastly superior to previously used fracture stimulation techniques. The 30 day average [Read more]
TORC Oil & Gas Ltd. Announces First Quarter 2013 Financial & Operational Results – Achieves Significant Growth
CALGARY, May 14, 2013 /CNW/ - TORC Oil & Gas Ltd. ("TORC" or the "Company") (TSX:TOG.TO) is pleased to announce its financial and operating results for the three month period ended March 31, 2013. The associated Management's Discussion and Analysis ("MD&A") dated May 13, 2013 and unaudited condensed interim financial statements as at and for the three months ended March 31, 2013 can be found at www.sedar.com and www.torcoil.com. Highlights (in thousands, [Read more]
Perpetual Energy Inc. releases first quarter 2013 financial and operating results
CALGARY, May 13, 2013 /CNW/ - (TSX:PMT.TO) - Perpetual Energy Inc. ("Perpetual" or the "Corporation") is pleased to release its financial and operating results for the three months ended March 31, 2013. Perpetual is focused on five key strategic priorities in 2013: Maximize value of Mannville heavy oil; Position for growth of Edson liquids-rich gas; Manage downside risk and reduce debt; Advance and broaden the portfolio of high impact opportunities with risk-managed investment; [Read more]
Legacy Oil + Gas Inc. Announces First Quarter 2013 Results, Modern Record Turner Valley Oil Production and Increase to Borrowing Base
CALGARY, May 13, 2013 /CNW/ - Legacy Oil + Gas Inc. ("Legacy" or the "Company") (TSX:LEG.TO) is pleased to announce it has filed on SEDAR its audited financial statements and related Management's Discussion and Analysis ("MD&A") for the three months ended March 31, 2013. Selected financial and operational information is outlined below and should be read in conjunction with Legacy's audited financial statements and the related MD&A which are available for review [Read more]