CALGARY, Alberta, Feb. 02, 2016 (GLOBE NEWSWIRE) -- Quattro Exploration and Production Ltd. (TSX-V:QXP) ("Quattro" or the "Company") is pleased to announce an increase in its recoverable reserves in Saskatchewan to 18 million barrels of oil from an estimated 120 million barrels of original oil in place (OOIP)**. Furthermore, in December of 2015, the Company entered into discussions with a Tier One lender who had earlier in the year previously indicated an interest in the financing of Quattro. [Read more]
Headlines
The US presidential campaign – a public starved for political courage contemplates the unthinkable
Twenty years ago a diminutive but out-sized Texan with a mildly plucked-chicken demeanor about him ran for the US presidency, and the race became interesting for the first time in ages. A singular individual with good ideas, great judgment, and the courage of independent thought shook up the political scene in a big way. The individual was Ross Perot, who had built a reputation as a no nonsense problem solver that fearlessly took on bureaucracies and challenged entrenched sacred cows wherever [Read more]
Rock Energy Inc. Announces Year End 2015 Reserves Replacing Over 400% of Its Production During the Year, and Growing Total Proven Plus Probable Reserves by 37%
CALGARY, ALBERTA--(Marketwired - Feb. 2, 2016) - Rock Energy Inc. (TSX:RE) ("Rock" or the "Company") is pleased to report a corporate reserves update effective December 31, 2015. This is a reserves update to the report provided on December 14, 2015 that had an effective date of November 30, 2015. The new report incorporates production for the month of December, the drilling of three (3.0 net) wells at Laporte, and the GLJ Petroleum Consultants ("GLJ") price forecast dated January 1, 2016. GLJ's [Read more]
Imperial earns $1.1 billion in 2015; $102 million in fourth quarter
Cost management delivers full year savings of $1.5 billion Upstream growth results in highest production in more than two decades Results highlight the value of integration in the current business environment CALGARY, Feb. 2, 2016 Fourth quarter Twelve months (millions of dollars, unless noted) 2015 2014 % 2015 2014 % Net income (U.S. [Read more]
Tourmaline Oil Corp. Announces Deep Basin Acquisition and Reduces 2016 EP Budget
CALGARY, AB--(Marketwired - February 02, 2016) - Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline" or the "Company") is pleased to announce that it has acquired assets for approximately $183 million CDN in the Minehead-Edson-Ansell area of the Alberta Deep Basin, immediately adjacent to one of the Company's largest-producing complexes. The acquired assets are within one of the large Cretaceous Wilrich 'sweet spots' that the Company has identified through the 2014/15 drilling programs in the Deep [Read more]
Divestco Offers Free Exploration Summit
The business of exploration in the Energy Industry has changed dramatically in the last couple of years. Have your software and data kept up with these changes? We are interested in hearing your opinions on how the evolution of exploration has affected your workflows! Join us for lunch to discuss the following topics alongside other industry professionals. Upcoming sessions include: Data Management - February 8th, 11:30-1:30 pm A discussion on your thoughts regarding best practices and [Read more]
Spyglass Resources Corp. – Western Canadian Oil & Gas Assets for Sale
CALGARY, Feb. 1, 2016 /CNW/ - On November 26, 2015, the Alberta Court of Queen's Bench (the "Court") granted an order appointing Ernst & Young Inc. as Receiver and Manager (the "Receiver") of Spyglass Resources Corp. and its affiliates (collectively, "Spyglass"). In addition, on January 25, 2016, the Court approved a process permitting the Receiver to sell the assets of Spyglass. The Court also approved an agreement between the Receiver and the Alberta Energy Regulator which will facilitate [Read more]
LGX Oil + Gas Inc. Announces Initiation of Strategic Review Process
CALGARY, Feb. 1, 2016 /CNW/ - LGX Oil + Gas Inc. ("LGX" or the "Company") (TSXV: OIL) believes that its current share price is not reflective of the long term value within the Company's asset base, and therefore has initiated a process to consider a range of strategic alternatives available to the Company, with a view to enhancing shareholder value.These alternatives may include, but are not limited to, a sale of all or a material portion of the LGX assets, the outright sale of the Company, or [Read more]
Arsenal Energy Inc. Releases Yearend Reserves and Provides Corporate Update
CALGARY, ALBERTA--(Marketwired - Feb. 1, 2016) - Arsenal Energy Inc. ("Arsenal" or the "Corporation") (TSX:AEI)(OTCQX:AEYIF) is pleased to provide the highlights of its year end reserves report and to provide a corporate update. Arsenal's proved plus probable finding development and acquisition costs for 2015 were $12.22 per boe and based, on the current production rate, Arsenal has a reserve life of approximately 13.3 years on a proved plus probable basis. Reserves In preparing the Company's [Read more]
B.C. Premier Christy Clark to canvass economic issues in upcoming Ottawa visit
VANCOUVER - Premier Christy Clark says her primary focus in an upcoming trip to Ottawa will be to bolster British Columbia's position as the top-ranking provincial economy in the country.Clark is slated to meet with federal government officials this week to discuss support for various B.C. industries and how the new Liberal government can strengthen her province's economic performance.She describes B.C.'s economy as a bright spot that is growing at nearly double the rate of the rest of the [Read more]