CALGARY, ALBERTA--(Marketwired - March 12, 2014) - MGM Energy Corp. ("MGM Energy" or the "Company") (TSX:MGX) announced today its financial results for the year ended December 31, 2013. The Company reported a net loss for the year ended December 31, 2013 of $8.3 million ($0.02 per share) as compared to a net loss of $8.1 million ($0.03 per share) for the year ended December 31, 2012. MGM Energy's full audited financial statements and accompanying Management's Discussion and Analysis will be [Read more]
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Saskatchewan passes motion to support Northern Gateway pipeline
REGINA - The Saskatchewan legislature has passed a motion supporting construction of the Northern Gateway pipeline, but the vote was not unanimous.The motion says there is an oil transportation bottleneck that is driving down the value of Saskatchewan oil. Premier Brad Wall says the pipeline may not carry Saskatchewan oil, but he claims it will benefit the province by helping to clear up the bottleneck."If we get Canadian oil to tidewater, like these pipelines will do, we'll increase the value [Read more]
Oil falls below US$98 on China economic slowdown jitters; higher US supplies
The price of oil dropped below US$98 a barrel Wednesday as the possibility of a deeper economic slowdown in China fed expectations of weaker demand and a report showed a rise in U.S. oil supplies.Benchmark West Texas Intermediate crude for April delivery fell $2.04, or two per cent, to close at US$97.99 a barrel on the New York Mercantile Exchange, the first close below $100 in a month.Brent crude, used to set prices for international varieties, dropped 53 cents to US$108.02 a barrel on the ICE [Read more]
Birchcliff Energy Ltd. Provides 2014 Q1 Production and Funds Flow Estimates, Operational Update and Announces Audited 2013 Financial Statements
CALGARY, ALBERTA--(Marketwired - March 12, 2014) - Birchcliff Energy Ltd. ("Birchcliff") (TSX:BIR) is pleased to provide estimates of its 2014 first quarter production and funds flow, provide an operational update and announce its 2013 audited financial statements. The audited financial statements are consistent with the unaudited financial results announced in the press release issued by Birchcliff on February 12, 2014. The full text of the 2013 audited financial statements and the related [Read more]
Talisman Energy Inc. Completes C$1.5 Billion Montney Transaction
CALGARY, ALBERTA--(Marketwired - March 12, 2014) - Talisman Energy Inc. (Talisman) (TSX:TLM) (NYSE:TLM) today announced the completion of the sale of approximately 127,000 net acres of its Montney position in northeast British Columbia to Progress Energy Canada Ltd. for a total cash consideration of C$1.5 billion. "We announced this transaction in November 2013, and its closure, coupled with other previously announced deals, means we have achieved over $2 billion in dispositions within 12 [Read more]
Progress Energy continues to build upon its leading Montney natural gas position with the completion of two acquisitions in northeast British Columbia
CALGARY, March 12, 2014 /CNW/ - Progress Energy Canada Ltd. (Progress Energy), a subsidiary of Petroliam Nasional Berhad (PETRONAS), has closed its previously announced agreement to acquire assets in northeast British Columbia from Talisman Energy Inc. (Talisman). In a second transaction, Progress Energy has also acquired Montney lands in the Julienne area of northeast British Columbia. "These two acquisitions continue to build upon our natural gas resource base in the North Montney. With the [Read more]
US gas boom: A tool against Russian coercion, but one that’s not yet ready to use
WASHINGTON - The United States, with its abundant supplies of natural gas, would seem to have an easy answer to Europe's fears that a strong response to Russia's rapid takeover of Ukraine's Crimea region could prompt Vladimir Putin to shut down gas lines that keep European homes warm, factories humming and electricity flowing.Trouble is: Right now there's no way to get meaningful American supplies across the Atlantic Ocean.Turning U.S. natural gas into liquefied natural gas (LNG), a process that [Read more]
Traverse Energy Ltd. Announces Completion of $11.5 Million Bought Deal Financing Including Exercise in Full of Over-Allotment Option
CALGARY, ALBERTA--(Marketwired - March 12, 2014) - Traverse Energy Ltd. ("Traverse" or the "Corporation") (TSX VENTURE:TVL) today announced that it has closed its previously announced bought deal financing of 14,375,000 common shares ("Common Shares") of the Corporation, which includes 1,875,000 Common Shares issued pursuant to the exercise in full of the over-allotment option, at a price of $0.80 per Common Share for aggregate gross proceeds of $11,500,000 (the "Financing"). The Financing [Read more]
Santonia Announces 2013 Fourth Quarter Summary and Year End Results
CALGARY, ALBERTA--(Marketwired - March 12, 2014) - Santonia (TSX:STE) is pleased to provide this summary of its financial and operating results for the 2013 year. A complete copy of the Company's consolidated financial statements for the years ended December 31, 2013 and 2012, along with management's discussion and analysis in respect thereof will be filed on SEDAR and is available on the Company's website at [Read more]
Crescent Point Energy Announces Year-End 2013 Results
CALGARY, ALBERTA--(Marketwired - March 12, 2014) - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX:CPG) (NYSE:CPG) is pleased to announce its operating and financial results for the year ended December 31, 2013. The Company also announces that its audited financial statements and management's discussion and analysis for the year ended December 31, 2013, will be available shortly on SEDAR at www.sedar.com, on EDGAR at www.sec.gov/edgar.shtml and on Crescent Point's website at [Read more]