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…]
Headlines
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…]
Tamarack Valley Energy Ltd. Announces 98% Increase to Proved Plus Probable Reserves Including a 160% Increase to Oil and Natural Gas Liquids Reserves
CALGARY, ALBERTA--(Marketwire - Mar 12, 2013) - Tamarack Valley Energy Ltd. (TSX VENTURE:TVE) ("Tamarack" or the "Company") is pleased to announce the results of its independent reserves evaluation as at December 31, 2012. The Company filed its Annual Information Form ("AIF") today, which included information pursuant to the requirements of National Instrument 51-101 - Standards of Disclosure for Oil and Gas Activities ("NI 51-101") of the Canadian Securities Administrators relating to reserves [Read More…]
Talisman Energy scraps troubled Yme project in Norwegian sector of the North Sea
CALGARY - Talisman Energy (TSX:TLM) said Tuesday it has signed a deal with SBM Offshore to cancel and scrap its Yme project in the North Sea, which has faced a number of problems and delays. The company said a new solution is needed in order to develop the Yme field. Talisman said the project's first mobile offshore production unit will be removed and scrapped, while the undersea structure will be transferred from SBM to the Yme licence holders. The deal Tuesday will see SBM [Read More…]
Interview with Josef Schachter
We interviewed oil and gas analyst Josef Schachter on his outlook of the industry--in particular his thought's on Canada's E&P sector. Press the ‘play button’ to listen below: [Read More…]
DeeThree Exploration Announces Exercise and Closing of Over-Allotment Option
CALGARY, ALBERTA--(Marketwire - March 12, 2013) - NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES DeeThree Exploration Ltd. ("DeeThree" or the "Corporation") (DTX.TO)(DTHRF) is pleased to announce it has issued an additional 663,000 common shares at $6.80 per common share for gross proceeds of $4,508,400 pursuant to the exercise in full of the over-allotment option in connection with the previously-announced short-form prospectus [Read More…]
PetroBakken plans smaller 2013 capital budget but higher average daily output
By The Canadian Press CALGARY - PetroBakken Energy Ltd. (TSX:PBN) says it plans $675 million in capital spending this year, about 30 per cent less than in 2012 or 2011 before adjusting for dispositions. The company's outlook, included with its fourth-quarter and annual results, calls for the Calgary-based oil and gas producer to produce the equivalent of between 46,000 and 48,000 barrels per day on average this year. That would be up from 42,784 barrels per day last year and [Read More…]
