Renegade Petroleum Ltd. ("Renegade" or the "Company") (TSX VENTURE:RPL) is pleased to announce that holders of an aggregate of 9,152,800 stock options of the Company ("Options") have voluntarily surrendered such Options for nominal consideration. Following the surrender of such Options, the Company has 968,500 Options outstanding pursuant to the option plan of the Company. CORPORATE INFORMATION Renegade's common shares trade on the TSX Venture Exchange under the symbol RPL. Renegade [Read more]
Headlines
Palliser Announces 2013 Capital Budget and Outlook
Palliser Oil & Gas Corporation ("Palliser" or the "Company") (TSXV: PXL) is pleased to announce its capital budget and outlook for 2013, and management appointments. Unaudited fourth quarter and year-end 2012 results proved a record year for the Company in many respects. Average production for 2012 is estimated at 2,125 boe/d, representing a 54% increase over the 2011 average. Similarly, fourth quarter 2012 average production is estimated at 2,480 boe/d, representing a 50% increase over [Read more]
Hawk Provides Operations Update and Corporate Presentation
Hawk Exploration Ltd. ("Hawk" or the "Corporation") is pleased to provide an operational update. Hawk's fourth quarter 2012 production averaged approximately 590 boe/d, a 36% increase from the fourth quarter of 2011 while current production is approximately 600 boe/d weighted 95% to crude oil. Most of the Corporation's oil production is considered heavy oil and, as such, is subject to the current wide differentials (the price difference between Western Canadian Select ("WCS") and West Texas [Read more]
Energy board grants export licence to Shell led LNG project in Kitimat
CALGARY - The National Energy Board has granted an export licence to LNG Canada Development Inc., a liquefied natural gas terminal proposed by Shell Canada Ltd. and three Asian partners in Kitimat, B.C. Over a 25-year period, LNG Canada is allowed to export 670 million tonnes of natural gas, which will have been chilled into a liquid state, enabling it to be transported around the world via tanker. Annually, LNG Canada will be able to export 24 million tonnes of gas. The [Read more]
Yoho Resources Inc. Announces Successful Duvernay Drilling at Kaybob, Alberta
Yoho Resources Inc. ("Yoho" or the "Company") (TSX VENTURE:YO) is pleased to provide an update of Duvernay drilling and completion operations at Kaybob, Alberta. Kaybob, Alberta At Kaybob, Yoho operated the drilling and completion of the first two horizontal Duvernay development wells from a pad site at 15P-16-62-21 W5 targeting the Devonian Duvernay shale. The first well located at 14-21-62-21 W5 (75% working interest) was drilled to a measured depth of 4,943 meters. The horizontal [Read more]
Oil below US$97 as supply fears ease on reports of possible US-Iran talks
By The Associated Press NEW YORK, N.Y. - Oil prices fell below US$97 a barrel Monday on signs that the U.S. and Iran may restart nuclear negotiations. In midday trading in New York, benchmark West Texas Intermediate crude for March delivery was down $1.43 to US$96.34 a barrel. Brent crude, the benchmark used to set prices for oil imported by many U.S. refineries, was down $1.04 to US$115.72 in London. Oil prices have been rising steadily since they traded near $86 a barrel [Read more]
TSX heads lower amid falling commodities, rising European concerns
By Malcolm Morrison, The Canadian Press TORONTO - The Toronto stock market is sharply lower at the open amid falling commodity prices and another round of worry centred on the eurozone. The S&P/TSX composite index fell 98.45 points to 12,670.38 as traders took some profits from respectable gains in January. The Canadian dollar was unchanged at 100.27 cents US. Spain is generating concern as the government is increasingly embroiled in a corruption scandal. On the weekend, [Read more]
Cequence Energy provides operational update
Cequence Energy Ltd. ("Cequence" or the "Company") (TSX:CQE.TO - News) is pleased to provide the following operational update. Montney, Simonette Area Cequence's fall/winter drilling program includes four Montney wells at Simonette with initial results as follows: A 100 percent working interest well at 3-18-61-26W5 has tested for 2.5 days at a final flow rate of 12.9 mmcf/d of natural gas plus liquids at a flowing pressure of 1775 psi. The well is expected to be producing into the [Read more]
Oil follows stocks higher after US jobs report
NEW YORK - Oil prices rose Friday as traders took their cue from the soaring stock market, after some initial disappointment with the latest report on U.S. employment Hopes of stronger economic growth in the U.S. and abroad helped push the U.S. stock market to a five-year high in January and sent crude prices up. When economies expand, more gasoline, diesel and jet fuel are consumed by shippers and travellers. U.S. employers added 157,000 jobs in January, and hiring was much [Read more]
Redford names David Manning Alberta’s envoy to Washington
CALGARY - The Alberta government is choosing energy experience over political acumen to represent the province's interests in Washington and Ottawa. Premier Alison Redford has named a former president of the Canadian Association of Petroleum Producers to be the province's envoy in Washington, D.C. David Manning has extensive experience in the oil and gas sector and is a one-time deputy energy minister. He at one time was an executive and chief environment officer for [Read more]