CALGARY, March 27, 2015 /CNW/ - LGX Oil + Gas Inc. ("LGX" or the "Company") (TSXV: OIL) announces that Curt Ziemer has been appointed Vice-President, Finance and Chief Financial Officer of the Company effective today and that Matt Janisch, who previously held that role, is no longer an officer of the Company. Mr. Ziemer has been responsible for all accounting and financial reporting functions of LGX since 2012, most recently as Vice-President, Accounting. The Board would like to thank Mr. [Read more]
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Vital Energy Inc.: Director Appointment
CALGARY, ALBERTA--(Marketwired - March 27, 2015) - Vital Energy Inc. ("Vital" or the "Corporation") (TSX VENTURE:VUX) is pleased to announce that: Mr. Vincent Cheung, P. Eng. has been appointed to the Board of Directors of Vital Energy Corporation. Mr. Cheung has been an active Petroleum Engineer in the oil and gas industry for in excess of 37 years. Vincent has held both technical and management positions with major, intermediate, junior and start up energy companies. Mr. Cheung received [Read more]
Sunshine Oilsands Ltd. Announcement of Results for the Fourth Quarter and the Year Ended December 31, 2014 and Update of the West Ells Startup Schedule
HONG KONG and CALGARY, Canada, March 26, 2015 /CNW/ -- Sunshine Oilsands Ltd. (the "Corporation" or "Sunshine") (HKEX: 2012; TSX: SUO) today announced its financial results for the fourth quarter and the year ended December 31, 2014. The Corporation's consolidated financial statements, notes to the consolidated financial statements, Management's Discussion and Analysis and Annual Information Form have been filed on SEDAR (www.sedar.com) and with The Stock Exchange of Hong Kong Limited (the [Read more]
Oil jumps almost 5 per cent; Saudi Air strikes in Yemen lead to fears of supply disruptions
The price of oil rose sharply on Thursday as mounting tensions in Yemen got traders worried that the flow of crude from the Persian Gulf region could be disrupted.Saudi Arabia and other Gulf states launched strikes on key military installations in Yemen. They aim to oust Shiite rebels who forced the country's embattled president to flee.U.S. crude rose $2.22, or 4.5 per cent, to close at $51.43 a barrel in New York. U.S. crude oil has jumped 17 per cent since hitting a low of $43.96 a barrel a [Read more]
Shell announces 250 job cuts in North Sea operations amid falling oil prices
LONDON - Shell U.K. says it will cut at least 250 staff and contractors in the North Sea, amid sharp drops in the price of oil.The oil company said Thursday the cuts are part of a range of initiatives it has been pursuing to manage costs and improve competitive performance.The price of Brent crude, an international variety of oil, dropped about 50 per cent last year and the industry is scrambling to figure out how to address the price shock.Paul Goodfellow, Shell's upstream vice President for [Read more]
DeeThree Exploration Ltd. Announces 2014 Financial Results and Operational Update
CALGARY, ALBERTA--(Marketwired - March 26, 2015) - DEETHREE EXPLORATION LTD. ("DeeThree" or the "Company") (TSX:DTX) (OTCQX:DTHRF) is pleased to release its financial and operational results for the year ended December 31, 2014. DeeThree has filed its audited financial statements for the year ended December 31, 2014 and related Management Discussion and Analysis with Canadian securities regulatory authorities. DeeThree's annual financial materials may be viewed in their entirety on www.sedar.com [Read more]
Arcan Announces 2014 Year End Results
CALGARY, ALBERTA--(Marketwired - March 25, 2015) - Arcan Resources Ltd. (TSX VENTURE:ARN) ("Arcan" or the "Corporation") announces its financial and operating results as well as reserves for the year ended December 31, 2014. "Corporate initiatives to strengthen our balance sheet dominated our news flow in 2014, culminating in the February 2015 conversion of $171.3 million of debentures into equity. Some key operational achievements were also worth highlighting, including maintaining flat [Read more]
Legacy Oil + Gas Inc. Announces Record Annual Cash Flow from Operations, Year-End Results and Revised Capital Budget and Guidance
CALGARY, March 25, 2015 /CNW/ - Legacy Oil + Gas Inc. ("Legacy" or the "Company") (TSX:LEG) is pleased to announce it has filed on SEDAR its audited financial statements and related Management's Discussion and Analysis ("MD&A") for the year ended December 31, 2014 as well as its annual information form ("AIF") for the year ended December 31, 2014. Selected financial and operational information is outlined below and should be read in conjunction with Legacy's audited financial statements, [Read more]
Advantage Delivers Strong 2014 Results
Funds from Operations Up 92%, Production Up 25%, Total Cash Costs Down 36% (TSX: AAV, NYSE: AAV) CALGARY, March 25, 2015 /CNW/ - Advantage's audited fourth quarter and full year 2014 financial and operating results demonstrates the successful ongoing execution of our Glacier Montney development plan. Our operational outperformance at Glacier reflects our high quality Montney asset and our focus on preserving a strong balance sheet has maintained financial flexibility with an industry leading low [Read more]
Marquee Energy Ltd. Announces Closing of Michichi Acquisition
CALGARY, March 25, 2015 /CNW/ - Marquee Energy Ltd. ("Marquee" or the "Company") (TSXV: "MQL") has closed the previously announced strategic acquisition (the "Acquisition") to further consolidate its core Michichi area. The Acquisition includes approximately 330 boe/d and 34 net sections of land containing Banff/Mannville rights that are contiguous with Marquee's existing land position and infrastructure at Michichi. "The Acquisition at Michichi solidifies our control of land and [Read more]