CALGARY, ALBERTA--(Marketwired - Aug. 10, 2016) - Birchcliff Energy Ltd. ("Birchcliff") (TSX:BIR) is pleased to announce its 2016 second quarter results, with strong quarterly average production of 39,513 boe/d and record low operating costs of $3.45 per boe. The second quarter marked the announcement of a transformational transaction whereby Birchcliff entered into a definitive agreement to purchase certain oil and natural gas properties in Gordondale, Alberta for approximately $625 million, [Read more]
Headlines
City of Vancouver resorts to Twitter to oppose proposed Kinder Morgan pipeline
Kinder Morgan's proposed pipeline is a major energy infrastructure project that would create billions of dollars in economic activity for all of Canada. Yet still, the City of Vancouver blatantly stands in opposition. And it is not difficult to find this out for yourself. On Twitter, the City recently tweeted: "A major oil spill could kill more than 100,000 sea and shorebirds" On Aug 17 you have the chance to speak on the pipeline expansion https://t.co/iOAAdaIv0v #NWTR [Read more]
Kelt Reports Financial and Operating Results for the Three and Six Months Ended June 30, 2016
CALGARY, AB--(Marketwired - August 10, 2016) - Kelt Exploration Ltd. ("Kelt" or the "Company") (TSX: KEL) has released its financial and operating results for the three and six months ended June 30, 2016. The Company's financial results are summarized as follows: FINANCIAL HIGHLIGHTS Three months ended June 30 Six months ended June 30 (CA$ thousands, except as otherwise indicated) 2016 2015(2) % 2016 2015(2) % Revenue, before royalties and [Read more]
Lightstream Announces Update on Recapitalization Transaction
CALGARY, ALBERTA--(Marketwired - Aug. 10, 2016) - Lightstream Resources Ltd. (the "Company" or "Lightstream") (TSX:LTS) announces that, in connection with our previously announced proposed recapitalization transaction to be implemented by way of a plan of arrangement under the Canada Business Corporations Act (the "Arrangement"), the Company continues to seek, but has not yet obtained, sufficient commitments from lenders to provide a new revolving credit facility to the Company upon completion [Read more]
Bellatrix Exploration Ltd. Announces Second Quarter 2016 Financial and Operating Results
TSX, NYSE: BXE CALGARY, Aug. 10, 2016 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE: BXE) announces its financial and operating results for the three and six months ended June 30, 2016. This press release contains forward-looking statements. Please refer to our cautionary language on forward-looking statements and the other matters set forth at the end of this press release and the beginning of the Management's Discussion and Analysis (the "MD&A") for the [Read more]
NuVista Energy Ltd. Announces Second Quarter 2016 Financial and Operating Results
CALGARY, ALBERTA--(Marketwired - Aug. 9, 2016) - NuVista Energy Ltd. ("NuVista" or the "Company") (TSX:NVA) is pleased to announce results for the three and six months ended June 30, 2016 and provide an update on its future business plans. NuVista had another strong quarter with continued development drilling program success and lower costs. Netbacks strengthened despite materially lower AECO natural gas prices, as a result of increased condensate production and pricing, reduced operating costs, [Read more]
Temporary water line flowing to North Battleford after Husky oil spill
NORTH BATTLEFORD, Sask. - A temporary water line is now flowing to a city that was forced to close its water intakes after an oil spill on the North Saskatchewan River. The city of North Battleford says the latest water samples taken from the temporary line between the city and the neighbouring town of Battleford are clear. North Battleford closed its drinking water intakes after a Husky Energy pipeline leak detected July 21 spilled up to 250,000 litres of oil mixed with a [Read more]
Canadian Natural Resources Limited Prices C$1.0 Billion in 5.5 Year Notes
CALGARY, ALBERTA--(Marketwired - Aug. 9, 2016) - Canadian Natural Resources Limited (TSX:CNQ) (NYSE:CNQ) ("Canadian Natural" or the "Company") announces that on August 9, 2016, it priced C$1.0 billion principal amount of 3.31% medium-term notes due February 11, 2022 at a price of C$99.985 per C$100 principal amount to yield 3.313% to maturity to be sold to investors in Canada. Net proceeds from the sale of the notes will be used for general corporate purposes relating to the Company's core [Read more]
Environment minister urges confidence in process after NEB revelations
OTTAWA - Environment Minister Catherine McKenna urged Canadians on Tuesday to have confidence in the evaluation process of large-scale energy projects like Energy East. McKenna declined to comment directly on new revelations surrounding the National Energy Board, the body responsible for conducting consultations on TransCanada's proposed pipeline project. The National Observer revealed last week that the NEB's chairman and two of its commissioners met with ex-Quebec premier Jean [Read more]
BlackPearl Announces Second Quarter 2016 Financial and Operating Results
CALGARY, ALBERTA--(Marketwired - Aug. 9, 2016) - BlackPearl Resources Inc. ("BlackPearl" or the "Company") (TSX:PXX) (OMX:PXXS) is pleased to announce its financial and operating results for the three and six months ended June 30, 2016. Highlights include: The Onion Lake thermal EOR project successfully reached its design capacity of 6,000 barrels of oil per day (bbl/d) during the second quarter and is currently producing over 6,400 bbl/d at a steam oil ratio of 2.5. Corporately, [Read more]