CALGARY, April 16, 2015 /CNW/ - Ironhorse Oil & Gas Inc. ("Ironhorse" or the "Company") (TSX-V: IOG) announces its fourth quarter and full year 2014 financial and operating results. Highlights of 2014: Funds from operations increased to $535,000 for the year ended December 31, 2014 from negative $4,000 for the year ended December 2013. The Company's proved producing reserve volumes increased to 89% of Total Proved reserves at December 31, 2014 as compared to 2% of Total Proved [Read more]
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Kelt Exploration and Artek Exploration Complete Plan of Arrangement
CALGARY, AB--(Marketwired - April 16, 2015) - Kelt Exploration Ltd. (TSX: KEL) (TSX: RTK) ("Kelt" or the "Company") and Artek Exploration Ltd. ("Artek") are pleased to announce the successful acquisition by Kelt of all of the issued and outstanding common shares of Artek ("Artek Shares") pursuant to the previously announced plan of arrangement (the "Arrangement") between Kelt, Artek and the shareholders of Artek (the "Artek Shareholders"). Arrangement Artek Shareholders approved the [Read more]
Husky Appoints Chief Financial Officer
CALGARY, AB--(Marketwired - April 16, 2015) - Husky Energy (TSX: HSE) announces the appointment of Jonathan McKenzie as Chief Financial Officer (CFO) effective April 27, 2015. McKenzie has more than 20 years of professional experience, including about 15 years in the Canadian oil and gas industry. He most recently served as Chief Commercial Officer of Irving Oil Ltd., based in Saint John, New Brunswick. Prior to joining Irving in 2011 as Chief Financial Officer, he held senior executive roles [Read more]
Zargon Oil & Gas Ltd. Updates Little Bow ASP Project Results, 2015 Capital Budget and Production Guidance
CALGARY, ALBERTA--(Marketwired - April 16, 2015) - Zargon Oil & Gas Ltd. (the "Company" or "Zargon") (TSX:ZAR) (TSX:ZAR.DB) provides a Little Bow Alkaline Surfactant Polymer ("ASP") tertiary oil recovery project update, revises 2015 capital budget and updates the 2015 production guidance. Zargon intends to release its Q1 2015 financial results on May 13, 2015, after market close. LITTLE BOW ASP PROJECT UPDATE: In March 2014, Zargon commenced injection of large volumes of dilute [Read more]
RMP Energy Reports First Quarter Production, Announces Start-Up of its Ante Creek Infrastructure and Provides Slick Water Completion Production Results
CALGARY, ALBERTA--(Marketwired - April 16, 2015) - RMP Energy Inc. ("RMP" or the "Company") (TSX:RMP) is pleased to report that during the first quarter of 2015, it achieved an average daily production level of approximately 12,250 boe/d, with light crude oil and NGLs volumes accounting for 47% of the first quarter production. This represents a significant increase of 33% over RMP's comparative first quarter 2014 production of 9,229 boe/d and maintains approximately the same production level as [Read more]
Natural gas pipeline, facilities in northern B.C. get energy board approval
VANCOUVER - The National Energy Board has given approval for the construction of a natural gas pipeline and new facilities proposed by TransCanada Corp. (TSX-TRP) in northern B.C.The $1.7-billion North Montney Mainland Project would include a 300-kilometre pipeline connecting from northeast B.C. to the proposed Prince Rupert Gas Transmission Pipeline for export of liquefied natural gas.The board found that the projects did not pose significant adverse environmental effects, although the [Read more]
Global Demand for Oil is Surging
The International Energy Agency, in its recently published April Oil Market Report, raised its forecast of 2015 global oil demand by 90,000 barrels per day to 93.6 million b/d. This represents a gain of 1.1 million b/d on the year and a noteworthy acceleration of the 700,000 b/d demand growth in 2014. Of course, the backdrop for increased oil demand is the improving global economy as it slowly gains momentum. The IEA report was clear when it mentioned that given deep changes in supply and [Read more]
North Montney Mainline Project Receives NEB Recommendation for Approval
CALGARY, ALBERTA--(Marketwired - April 16, 2015) - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) announced today that the National Energy Board (NEB) has issued its report recommending the federal government approve the company's proposed $1.7 billion North Montney Mainline Project. "The Project is a critical component in the infrastructure chain between prolific and growing Canadian gas supply and existing and new markets, and the NEB recommendation is a significant milestone [Read more]
Peyto Exploration & Development Corp. Announces Closing of $172.5 Million Equity Offering
CALGARY, ALBERTA--(Marketwired - April 16, 2015) - April 16, 2015 - Peyto Exploration & Development Corp. (the "Corporation") (TSX:PEY) is pleased to announce that it has closed its previously announced bought deal offering of common shares. Pursuant to the offering, the Corporation issued 5,037,000 common shares (including 657,000 common shares issued pursuant to the exercise in full of the over-allotment option granted to the underwriters) at a price of $34.25 per common share, for total [Read more]
Oil-dependent Newfoundland and Labrador lacks competitive edge, study says
ST. JOHN'S, N.L. - It has come a long way economically in the last 15 years but oil-dependent Newfoundland and Labrador needs innovation and a workforce influx to compete in future, says a new report.The Conference Board of Canada released Thursday a study comparing the province to nine of its main competitors, selected for similar exports among other factors. They include Norway, the United Kingdom, Texas, North Dakota, Alberta, Saskatchewan, Quebec, Nova Scotia and New Brunswick.It ranks the [Read more]