CALGARY , Feb. 12, 2013 /CNW/ - Legacy Oil + Gas Inc. ("Legacy" or the "Company") (LEG.TO) is pleased to announce its 2012 year-end reserves and provide an operational update. The financial and operational information contained below is based on the Company's unaudited expected results for the year ended December 31, 2012 . HIGHLIGHTS 2012 total proved plus probable finding, development and acquisitions costs (including changes in future development costs) were $22.72 per [Read more]
News
B.C.’s liquefied natural gas boom to fuel $100 billion Prosperity Fund: Christy Clark
VICTORIA – Premier Christy Clark’s Liberal government says the development of liquefied natural gas in northern British Columbia represents a generational opportunity that has the potential to wipe out the provincial debt and eliminate the need to pay sales taxes. The government’s throne speech delivered Tuesday — less than three months before the start of an election campaign — said LNG export possibilities represent a possible $1 trillion boost to B.C.’s gross domestic product [Read more]
Shoreline Energy Corp. Announces Operational Update and Private Placement Financing
CALGARY, ALBERTA--(Marketwire - Feb. 12, 2013) - NOT FOR DISTRIBUTION IN THE UNITED STATES Shoreline Energy Corp. (SEQ.TO) ("Shoreline" or the "Company") is pleased to announce the following operational update and private placement financing. Operational Update Shoreline began a significant capital expenditure program following closing of a convertible debenture capital raise, which closed August 28, 2012. Shoreline has now cased the final well in its Peace River Arch 2012 drilling [Read more]
Obama makes no mention of Keystone at state of the union, focuses on ‘climate change’
By The Canadian Press/BOE Report Obama made no mention of TransCanada's Keystone XL pipeline at Tuesday night's State of the union. Instead, he focused on tackling 'climate change': "For the sake of our children and our future, we must do more to combat climate change,'' he said as legislators stood and applauded - as they traditionally do dozens of times during the State of the Union. "Yes, it's true that no single event makes a trend .... We can choose to believe that superstorm [Read more]
Tourmaline Grows Year-End Reserves and Reserve Value by Over 60%
CALGARY, ALBERTA--(Marketwire - Feb 12, 2013) - Tourmaline Oil Corp. (TOU.TO) ("Tourmaline" or the "Company") is pleased to provide the following operations and financial update and highlights from its year-end 2012 independent reserve evaluation. Reserve Highlights Total year-end 2012 Proved plus Probable (2P) reserves of 438.0 mmboe after only four full years of operation. Total 2P reserve additions of 186.6 mmboe in 2012, representing 69% growth over 2011 total 2P reserves before [Read more]
Painted Pony Petroleum Provides Operations Update on Montney Gas and Light Oil Projects
CALGARY, ALBERTA--(Marketwire - Feb 12, 2013) - Painted Pony Petroleum Ltd. ("Painted Pony" or the "Company") (TSX VENTURE:PPY) is pleased to provide the following operations update and drilling activity forecast for 2013. HIGHLIGHTS fourth quarter 2012 field-estimated sales averaged 7,290 boe/d (76% weighted to gas); a 40% increase over fourth quarter 2011; field-estimated sales for January 2013 averaged 8,100 boe/d (77% weighted to gas); a 27% increase over January 2012; successful [Read more]
Nexen Announces All Required Regulatory Approvals Received
CALGARY, Feb. 12, 2013 /CNW/ - Nexen Inc. ("Nexen", TSX, NYSE: NXY) announced today that Nexen has received approval from the Committee on Foreign Investment in the United States (CFIUS) with respect to the proposed acquisition of Nexen by CNOOC Limited, and now has all of the requisite approvals to proceed to close. The transaction is expected to close the week of February 25, 2013 and remains subject to customary closing conditions. The letter of transmittal for the acquisition of common [Read more]
Manitok Energy Provides 2013 Guidance
CALGARY, ALBERTA--(Marketwire - Feb. 12, 2013) - NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA. Manitok Energy Inc. (the "Corporation" or "Manitok") (TSX VENTURE:MEI) is pleased to provide the following information regarding its anticipated 2013 capital expenditure program and operations. Unless otherwise indicated, all references to "$" in this press release are to Canadian dollars. 2013 Guidance Manitok anticipates a 2013 [Read more]
Surge Energy Inc. Announces Significant Increase in 2012 Year-End Reserves, Resumption of Drilling Operations in the Southern Pool Area of Valhalla and Management Update
CALGARY, Feb. 12, 2013 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX:SGY.TO) is pleased to announce its 2012 year-end reserves evaluation (NI-51-101 compliant) and to provide an update on current operations. SUMMARY: In 2012, Surge achieved 27 percent growth in reserves per share and forecasts (based on unaudited estimates), 21 percent growth in production per share (basic) and a 31 percent increase in cash flow per share (basic) despite lower realized field prices due to an [Read more]
Pace Oil & Gas Ltd. Sets the Record Straight and Encourages Shareholders to Vote for Plan of Arrangement
CALGARY, ALBERTA--(Marketwire - Feb. 11, 2013) - NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS. Pace Oil & Gas Ltd. ("Pace", the "Company") (PCE.TO) wishes to refute inaccurate and misleading statements regarding the proposed merger with AvenEx Energy Corp. ("AvenEx") and Charger Energy Corp. ("Charger") to form Spyglass Resources Corp. ("Spyglass") [Read more]