Growing discontent within OPEC has some members calling for a stabilization of prices and an easing of the present supply glut. Indeed, the current situation within OPEC basically resembles Saudi Arabia - and maybe a combination of the Gulf Arab states - versus everyone else. But given that Saudi Arabia accounts for roughly one-third of OPEC production and given the divisions among members, it is doubtful that the cartel can compel the Kingdom to back down from its current policy. For a [Read more]
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Pine Cliff Energy Ltd. Completes $69 Million Subscription Receipt Offering
CALGARY, ALBERTA--(Marketwired - Nov. 27, 2015) - Pine Cliff Energy Ltd. ("Pine Cliff" or the "Company") (TSX VENTURE:PNE) is pleased to announce that it has closed its previously announced short form prospectus offering (the "Offering"). The Company issued 63.9 million subscription receipts (the "Subscription Receipts"), including 8.3 million Subscription Receipts pursuant to the exercise of the over-allotment option granted to the Underwriters (as defined herein), at a [Read more]
Virginia Hills Oil Corp. Announces Third Quarter 2015 Results
TSX Venture Exchange: VHO CALGARY, Nov. 27, 2015 /CNW/ - Virginia Hills Oil Corp. ("Virginia Hills" or the "Company") announces its operating and financial results for the three and nine months ended September 30, 2015 and that its unaudited interim financial statements and related Management's Discussion and Analysis ("MD&A") for the quarter ended September 30, 2015 are available on the System for Electronic Document Analysis and Retrieval ("SEDAR") at www.sedar.com or on the [Read more]
Hawk Announces Third Quarter 2015 Results
CALGARY, ALBERTA--(Marketwired - Nov. 27, 2015) - Hawk Exploration Ltd. ("Hawk" or the "Corporation") (TSX VENTURE:HWK.A) is pleased to announce its results for the three and nine months ended September 30, 2015. The Corporation's interim financial statements for the three and nine months ended September 30, 2015 and its management's discussion and analysis for the three and nine months ended September 30, 2015 are available for viewing on SEDAR at www.sedar.com under Hawk's profile or on the [Read more]
Spyglass Resources Corp. Announces Appointment of Receiver
CALGARY, Nov. 26, 2015 /PRNewswire/ - Spyglass Resources Corp. ("Spyglass", or the "Company") (TSX: SGL, OTCQX: SGLRF) announces that the Court of Queens Bench of Alberta has granted the application of the Company's syndicate of lenders, to appoint Ernst & Young Inc. (the "Receiver") as receiver and manager over the assets, undertakings and property of Spyglass and its subsidiaries. The Receiver is charged with managing the day to day affairs of the Corporation during the period of its [Read more]
Hemisphere Energy announces Q3 2015 financial and operating results
VANCOUVER, Nov. 26, 2015 /CNW/ - Hemisphere Energy Corporation (TSX-V: HME) ("Hemisphere" or the "Company") is pleased to announce its financial and operating results for the three and nine months ended September 30, 2015. Q3 2015 Highlights Averaged 678 boe/d (75% oil and NGL) production during the quarter, a 6% decrease from the third quarter of 2014 as a result of converting two producing wells in Atlee Buffalo to water injectors, having downtime at the Jenner facilities to [Read more]
Tuscany Reports Financial and Operating Results for the Nine Months Ended September 2015
CALGARY, ALBERTA--(Marketwired - Nov. 26, 2015) - Tuscany Energy Ltd. (TSX VENTURE:TUS). Tuscany is pleased to report on its financial and operating results for the third quarter and nine months ended September 30, 2015. The nine months ended September 30, 2015 have been difficult for energy producers, and the low price for heavy oil in Canada resulted in a decline in Tuscany's financial and operating results. Tuscany reported $8.4 million revenues for the nine month period compared with [Read more]
Keyera Provides Caribou Gas Plant Update
CALGARY, Nov. 26, 2015 /CNW/ - Keyera Corp. (TSX:KEY) ("Keyera") announced today that it will suspend operations at its Caribou gas plant next week following a producer's decision to shut in gas production on December 1, 2015. The Caribou gas plant is Keyera's only gas plant located in Northeast British Columbia where producers receive NGX Spectra Station #2 pricing that has been affected by low North America natural gas prices and regional sales gas pipeline constraints. As a result, gas [Read more]
Anterra Energy Announces Third Quarter 2015 Financial and Operating Results
CALGARY, ALBERTA--(Marketwired - Nov. 26, 2015) - Anterra Energy Inc. ("Anterra" or the "Company") (TSX VENTURE:AE.A) announces its financial and operating results for the three and nine months ended September 30, 2015. Selected information presented below, should be read in conjunction with the Company's unaudited financial statements and related management's discussion and analysis filed with the Canadian regulatory authorities and available on SEDAR at www.sedar.com and on the Company's [Read more]
Spyglass Resources Corp. Announces that it will not oppose the appointment of a Receiver and cancels the Special Meeting of Shareholders
CALGARY, Nov. 26, 2015 /PRNewswire/ - Spyglass Resources Corp. ("Spyglass", or the "Company") (TSX: SGL, OTCQX: SGLRF) announces that the Company's syndicate of lenders will file an application with the Court of Queen's Bench of Alberta to place the Company into Receivership and appoint Ernst & Young as Receiver to manage the Company's affairs (the "Receiver"). The application is scheduled to be heard in Court on Thursday, November 26, 2015 at 10:30 a.m. (MST) and it is expected the Court [Read more]