CALGARY, ALBERTA--(Marketwired - May 2, 2017) - Manitok Energy Inc. (the "Corporation" or "Manitok") (TSX VENTURE:MEI) is pleased to provide highlights from its 2016 independent reserves evaluation and announce its financial results for the fiscal year-ended December 31, 2016. 2016 Independent Reserves Evaluation Sproule Associates Limited ("Sproule"), Manitok's independent qualified reserves evaluator based in Calgary, Alberta, prepared a reserves estimation and economic evaluation [Read more]
Headlines
Encana delivers strong first quarter results; company’s multi-basin advantage drives growth and value
CALGARY, AB--(Marketwired - May 02, 2017) - (TSX: ECA) (NYSE: ECA) Encana's first quarter performance strongly underpins its five-year plan and 2017 objectives of returning to growth by mid-year, delivering at least 20 percent production growth in its core assets from the fourth quarter of 2016 to the fourth quarter of 2017 and maintaining or enhancing efficiencies despite sector inflation. Highlights from the quarter include: net earnings of $431 million compared to a net loss of $379 [Read more]
Point Loma Resources Announces Year End Financial and Operating Results
CALGARY, AB--(Marketwired - May 01, 2017) - Point Loma Resources Ltd. (TSX VENTURE: PLX) (the "Corporation" or "Point Loma") is pleased to report financial and operating results for the three months and year ended December 31, 2016. Highlights of the period and additional updates are summarized below: HIGHLIGHTS Financial Year ended December 31, 2016 (1) Three Months ended December 31, 2016 ($ thousands, except share amounts) Gross [Read more]
Marquee Energy Ltd. Announces Corporate Update, Year-End 2016 Financial and Operating Results and Year-End 2016 Reserves
CALGARY, AB--(Marketwired - May 01, 2017) - NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINTATION IN THE UNITED STATESMarquee Energy Ltd. ("Marquee" or the "Company") (TSX VENTURE: MQX) announces a corporate update, its fourth quarter operational results and financial results for the three and twelve months ended December 31, 2016, and year-end 2016 reserves. The Company's financial statements and Management's Discussion and Analysis ("MD&A") for the three months and twelve months [Read more]
Petrocapita Announces Release of Year End Reserves, Financial Statements and MD&A and Update on Re-Organization
CALGARY, ALBERTA--(Marketwired - May 1, 2017) - Petrocapita Income Trust (CSE:PCE.UN) ("Petrocapita" or the "Trust") announces that the Oil and Gas Reserves, the Audited Financial Statements and Management's Discussion and Analysis for the years ended December 31, 2016 and December 31, 2015 have been filed with the Canadian Securities Exchange ("CSE") and on the System for Electronic Document Analysis and Retrieval ("SEDAR") and may be accessed at www.sedar.com. Additionally, during the [Read more]
Study: Selling US Natural Gas Abroad Could Create 136,000 Jobs
Selling Texas’ liquefied natural gas (LNG) to other countries will create more than 136,000 jobs nationwide and generate $145 billion in economic activity, according to a new report published Monday. The pro-industry group North Texans for Natural Gas commissioned the report, which touts the economic benefits of approving seven LNG export facilities in the state. Roughly 70,000 of these jobs will be created in Texas, and the state government will receive more than $20 billion in tax [Read more]
Forent Energy Announces Filing of an Application to Appoint a Receiver by its Lender
CALGARY, ALBERTA--(Marketwired - May 1, 2017) - Forent Energy Ltd. ("Forent" or the "Company") (TSX VENTURE:FEN) announces that its senior lender has filed an application to appoint a receiver over the Company. The application will be heard at the Calgary Court Center on Friday, May 5, 2017 at 2:00 p.m. In the event that a receiver is appointed, the Company anticipates that the TSX Venture Exchange will suspend and then delist the Company's securities. No directors or officers of the Company [Read more]
Manitok Energy Inc. and Craft Oil Ltd. Enter Into Arrangement Agreement
CALGARY, ALBERTA--(Marketwired - May 1, 2017) - Manitok Energy Inc. ("Manitok") (TSX VENTURE:MEI) and Craft Oil Ltd. ("Craft") are pleased to announce that Manitok and Craft have entered into an arrangement agreement dated as of April 28, 2017 (the "Arrangement Agreement"). Under the terms of the Arrangement Agreement, Manitok will acquire all of the issued and outstanding common shares of Craft ("Craft Shares") by way of a plan of arrangement under the Business Corporations Act (Alberta) (the [Read more]
Paramount Resources Ltd. to Sell its Oil and Gas Properties in Valhalla for Approximately $150 Million Cash
CALGARY, May 1, 2017 /CNW/ - Paramount Resources Ltd. (TSX:POU) ("Paramount" or the "Company") is pleased to announce that it has agreed to sell its oil and gas properties in the Valhalla area of Alberta (the "Assets") for cash consideration of approximately $150 million, subject to customary post-closing adjustments. The Assets encompass approximately 94 (74 net) sections of land and had estimated sales volumes of approximately 1,400 Boe/d for the three-month period ended March 31, [Read more]
Trilogy Energy Corp. Announces Agreement to Sell Certain Assets in the Grande Prairie Area of Alberta for $50 Million and Provides an Update on its Borrowing Base and Debt Levels
CALGARY, May 1, 2017 /CNW/ - Trilogy Energy Corp. ("Trilogy" or the "Company") (TSX – TET) is pleased to announce that it has agreed to sell certain assets located in the Grande Prairie area of Alberta for cash consideration of $50 Million (before customary adjustments). The transaction is conditional upon the purchaser's receipt of the Alberta Energy Regulator ("AER") approvals for the transfer of the wells, pipelines and facilities. Payment of the purchase price has been deposited with [Read more]