CALGARY, ALBERTA--(Marketwire - March 13, 2013) - RMP Energy Inc. ("RMP" or the "Company") (RMP.TO) is pleased to announce its fiscal 2012 and fourth quarter financial results and provide information on its year-end crude oil and natural gas reserves in addition to an operations and hedging update. Fiscal 2012 and Fourth Quarter 2012 Financial Results For the year ended December 31, 2012, RMP reported funds from operations of $51.7 million ($0.52 per fully-diluted share) on revenue of $86.0 [Read more]
News
Prentice says Keystone XL pipeline is in U.S. national interest, urges approval
NEW YORK - Former Conservative cabinet minister Jim Prentice says the Keystone XL oil pipeline is in the U.S. national interest and that President Barack Obama should approve it. In a speech to the Financial Times Forum in New York, the CIBC executive stresses the importance of the Canada-U.S. relationship and says the two countries must work together to achieve North American energy independence. A draft environmental report into the $5.3-billion pipeline released by the U.S. [Read more]
Crude oil inventories build slightly above expectations
U.S. commercial crude oil inventories increased by 2.6 million barrels from the previous week, slightly above the expected build of ~2.3 million barrels. Total crude oil stocks of 384 million barrels are well above the upper limit of the average range for this time of year. Total commercial petroleum inventories decreased by 5.6 million barrels last week. [table] [attr style="width: 25%"]March 8`[attr style="width: 25%"]March 1`[attr style="width: 25%"]Change`[attr style="width: 25%"]% [Read more]
Sure Energy Announces Year End 2012 Financial and Operating Results
CALGARY, ALBERTA--(Marketwire - March 13, 2013) - Sure Energy Inc. (TSX"SHR) ("Sure Energy" or the "Company") is pleased to announce results for the year ended December 31, 2012. The Company's MD&A, Financial Statements and Notes, and AIF can be viewed or downloaded at www.sureenergyinc.com or www.sedar.com. During 2012, Sure Energy accomplished the following: Increased oil & liquids production from 50 percent of total production in 2011 to 59 percent in 2012 Funds Flow from [Read more]
Edge Resources Inc. Completes Horizontal Well in New Formation
CALGARY, ALBERTA--(Marketwire - Mar 13, 2013) - Edge Resources Inc. ("Edge" or the "Company") (TSX VENTURE:EDE)(EDG.L) is pleased to announce that it has finished drilling the second well of the Company''s spring drilling program in Primate, Saskatchewan. The well was successfully drilled and cased without incident and is now being prepared for production. The horizontal well was drilled into a new formation and cased with a slotted liner in 495 meters of horizontal pay. Completion and [Read more]
Aroway Energy Inc. Drills New Oil Well in Southern Alberta
CALGARY, ALBERTA--(Marketwire - Mar 13, 2013) - AROWAY ENERGY INC. (TSX VENTURE:ARW)(ARWJF) (www.arowayenergy.com) (the "Company") is pleased to announce it has drilled and cased an exploration test well on its 100% owned and operated property in the Little Bow region of Southern Alberta. The 1500 meter light oil exploration test well, targeted and encountered prospective deep horizons as well as a shallower upper Manville target. Aroway is managing the exploration risk of this well by farming [Read more]
Perpetual Energy Inc. Closes Sale of Elmworth Property for Net Proceeds of $77.5 Million
CALGARY , March 12, 2013 /CNW/ - (PMT.TO) - Perpetual Energy Inc. ("Perpetual" or the "Corporation") is pleased to announce that it has closed the previously announced sale of its Elmworth property for net proceeds to Perpetual of $77.5 million , subject to certain closing adjustments and transaction costs. The Elmworth property consists of 3 gross (1.5 net) non-producing horizontal Montney gas wells at Elmworth, one vertical well at Wapiti, and undeveloped land, including 20,256 net acres of [Read more]
Joe Oliver’s response to Mulcair slamming Keystone in Washington
By Joe Oilver Source - Globe and Mail Last week I completed a successful visit to the United States to promote our mutual interest in jobs and the economy, through the approval of the Keystone XL pipeline. The responsible development of Canada’s energy resources, including the oil sands, is critical to the Canadian economy and ongoing funding for essential social programs like health and education. NDP Leader Thomas Mulcair is also traveling to the U.S. to meet with American officials [Read more]
Zargon Oil & Gas Ltd. Provides 2012 Fourth Quarter and Full Year Financial Results
CALGARY, ALBERTA--(Marketwire - March 12, 2013) - Zargon Oil & Gas Ltd. (ZAR.TO) (TSX:ZAR.DB) ("Zargon" or the "Company"). HIGHLIGHTS FROM THE FOURTH QUARTER AND YEAR ENDED DECEMBER 31, 2012 Fourth quarter 2012 oil production averaged 5,065 barrels of oil and liquids per day, consistent with the preceding quarter. Fourth quarter natural gas production averaged 15.93 million cubic feet per day, a four percent increase from the prior quarter. Total fourth quarter production averaged [Read more]
BOOM! TORC shares soar on reserves increase
CALGARY - Torc Oil and Gas Ltd. shares surged Tuesday after the Calgary-based energy company announced a big jump in reserves and production. The stock was up nearly 11 per cent at $1.93 on the Toronto Stock Exchange in early afternoon trading. It was the most active issue, with 16 million shares changing hands. The Calgary-based company (TSX:TOG) said an independent evaluation at year-end found its proved plus probable reserves increased to 18.9 million barrels of oil [Read more]