CALGARY, ALBERTA--(Marketwire - March 11, 2013) - Angle Energy Inc. ("Angle" or the "Company") (NGL.TO) today provided an update on its first quarter operations to March 11, 2013. Oil weighting has increased, netbacks are higher, and production and debt are in line with budget. HIGHLIGHTS Corporate production for the first quarter is estimated to be 11,200 to 11,300 boe/d (30% light oil and condensate, 24% NGLs, and 46% natural gas) - within Angle's budgeted production expectations while [Read more]
News
Connacher Announces Appointment of Chief Executive Officer
CALGARY , March 11, 2013 /CNW/ - Connacher Oil and Gas Limited (CLL - TSX; "Connacher" or the "Company") announced today that Mr. Christopher Bloomer will become Connacher's Chief Executive Officer, effective April 11, 2013 . In conjunction with this role, Mr. Bloomer will also be appointed a director of Connacher. Mr. Bloomer has over 30 years of experience in the domestic and international energy business. For the past 10 years he has been an executive with Petrobank Energy and Resources [Read more]
Artek Exploration Ltd. Announces Increase to Bought Deal Financing from $35.1 Million Bought to $39.0 Million
CALGARY, ALBERTA--(Marketwire - March 11, 2013) - NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S. Artek Exploration Ltd. ("Artek" or the "Corporation") (RTK.TO) is pleased to announce that, in connection with its previously announced offering of common shares ("Common Shares") and common shares on a flow-through basis ("Flow-Through Common Shares"), the Corporation and the syndicate of underwriters led by Cormark Securities Inc. and including Peters & [Read more]
Artek Exploration Ltd. Announces $35.1 Million Bought Deal Financing
CALGARY, ALBERTA--(Marketwire - March 11, 2013) - NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S. Artek Exploration Ltd. ("Artek" or the "Corporation") (RTK.TO) is pleased to announce that it has entered into an agreement with a syndicate of underwriters led by Cormark Securities Inc. and including Peters & Co. Ltd., National Bank Financial Inc., Stifel Nicolaus Canada Inc., Clarus Securities Inc., GMP Securities L.P., FirstEnergy Capital Corp. and [Read more]
Bellatrix Exploration Ltd. announces updated well test results
CALGARY, March 11, 2013 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE MKT: BXE) is pleased to announce the well test results of its most recent long reach Fahler horizontal liquids rich natural gas well. At Ferrier, the Company drilled its first long reach Fahler horizontal liquids rich natural gas well (100% working interest) to a total depth of 5,205 meters with a horizontal length of 2,845 meters. The well was fracture stimulated in 36 stages and tested at [Read more]
Pengrowth Announces Completion of the Sale of Its Non-Core Weyburn Asset
CALGARY, ALBERTA--(Marketwire - Mar 11, 2013) - Pengrowth Energy Corporation (PGF.TO) (PGH) is pleased to announce that it has completed the previously-announced divestiture of its non-core Weyburn asset. Proceeds from the sale were approximately $316.0 million, net of interim closing adjustments. Proceeds will be used to repay all outstanding bank debt and will partially fund Pengrowth''s 2013 capital program. This leaves Pengrowth undrawn on its $1.0 billion credit facility and with [Read more]
Strategic Oil & Gas Ltd. Announces New Board Member
CALGARY, ALBERTA--(Marketwire - Mar 8, 2013) - Strategic Oil & Gas Ltd. ("Strategic" or the "Company") (TSX VENTURE:SOG) announces that Brian Lavergne has resigned from the board of directors and Jim Riddell, President and COO of Paramount Resources Ltd. and CEO of Trilogy Energy Corp., has been appointed to the Board of Directors. "Strategic thanks Brian for his contributions and wishes him success in his future endeavors. We are delighted to welcome Jim Riddell to the Company," said [Read more]
Long Run Exploration Ltd. Announces Appointment of Vice President, Finance and Accounting
CALGARY, ALBERTA--(Marketwire - Mar 8, 2013) - LONG RUN EXPLORATION LTD. ("Long Run" or the "Company") (LRE.TO) is pleased to announce the appointment of Corine Bushfield as Vice President, Finance and Accounting. Ms. Bushfield is a graduate of the University of Calgary and is a Chartered Accountant with extensive experience in the Canadian oil and gas industry, most recently as Vice President, Assistant Comptroller at a senior independent oil and gas exploration company. As previously [Read more]
Husky Energy Reserves Replacement Reflects Consistent Growth
CALGARY, ALBERTA--(Marketwire - Mar 8, 2013) - Highlights: Average proved two-year reserves replacement ratio of 175 percent, excluding economic revisions 1.2 billion barrels of oil equivalent (boe) total proved reserves before royalties Reserves life index of 10.8 years, up from 10.3 in 2011 Husky Energy (HSE.TO) continued to add more proved reserves compared to production in 2012, reflecting increased heavy oil recovery from its thermal projects and final regulatory approval of [Read more]
Alberta average prices per hectare remain low
[table] [attr style="width: 25%"]`[attr style="width: 25%"]Plains/HA`[attr style="width: 25%"]Northern/HA`[attr style="width: 25%"]Foothills/HA February 6, 2013` $270.26` $302.15`$427.00 March 6, 2013` $280.58` $333.02`$276.65 Change`+$10.32`+$30.87`-$150.35 [/table] Source: Alberta Energy [Read more]