CALGARY, ALBERTA--(Marketwire - Feb. 13, 2013) - Birchcliff Energy Ltd. ("Birchcliff") (BIR.TO) is pleased to announce its 2012 fourth quarter results, 2012 unaudited financial and operational results, highlights from its 2012 independent reserves evaluation and 2012 independent Montney/Doig natural gas resource assessment, its 2013 capital budget and operational update. All financial amounts referred to in this press release are management's best estimates, which have not yet been [Read More…]
Headlines
Weekly U.S. crude inventories up last week
[table] [attr style="width: 25%"]February 8`[attr style="width: 25%"]February 1`[attr style="width: 25%"]Change`[attr style="width: 25%"]% Change 372,245`371,685`+560`+0.2% [/table] Source: EIA [Read More…]
Aroway Energy Inc. Announces 2012 Year-End Production
CALGARY, ALBERTA--(Marketwire - Feb 13, 2013) - AROWAY ENERGY INC. (TSX VENTURE:ARW)(ARWJF) (www.arowayenergy.com) (the "Company") is pleased to announce the Company''s 2012 year-end production rate of 1,020 barrels of oil equivalent per day ("boe/d") with 90% oil weighting and an additional 100 boe/d of natural gas currently behind pipe. Chris Cooper, President & CEO commented, "Today''s production announcement is a remarkable achievement and a reflection of the hard work by both our [Read More…]
Marquee Energy Ltd. Announces Operations Update and 2013 Guidance
CALGARY, Feb. 13, 2013 /CNW/ - Marquee Energy Ltd. ("Marquee" or the "Company") (TSXV:MQL.V) is pleased to provide an update on recent operational results and 2013 Guidance. The activities contemplated by the Company's $26 million 2013 capital program are anticipated to be capable of generating 25% production growth while continuing to increase the Company's oil and liquids weighting. Results for all three wells from the Company's fourth quarter horizontal drilling program at Michichi have [Read More…]
Talisman Energy 2012 Results
Sinopec and Kinabalu Deals Complete $3 Billion Annual Cash Flow Positioned for Focused Delivery in 2013 CALGARY, ALBERTA--(Marketwire - Feb 13, 2013) - Talisman Energy Inc. ( TSX : TLM ) ( NYSE : TLM ) reported its operating and (unaudited) financial results for 2012. All values in this release are in US$ unless otherwise stated. 2012 Overview -- Hal Kvisle was appointed President and Chief Executive Officer on September 10, 2012, and has set four strategic priorities for the [Read More…]
Legacy Oil + Gas Inc. announces 2012 year-end reserves, strong finding, development and acquisition costs and provides operational update
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…]
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…]
