CALGARY, May 1, 2017 /CNW/ - Questerre Energy Corporation ("Questerre" or the "Company") (TSX,OSE:QEC) reported today on an essential test of mechanical rock properties for its oil shale in Jordan. Michael Binnion, President and Chief Executive Officer of Questerre, commented, "Finding a way to commercialize this significant oil shale project in a US$50 to US$70 per barrel environment is our main focus here. These tests establish that the mechanical rock properties of our shale are [Read more]
Headlines
B.C. Liberals to repeal Vancouver natural gas ban that city says doesn’t exist
VANCOUVER - The B.C. Liberals say they will repeal a City of Vancouver plan the party claims prohibits natural gas in some new buildings, but the city says no such ban exists. Andrew Wilkinson, candidate for Vancouver-Quilchena, said on Saturday the city's ban would increase costs to consumers, businesses and residents because it would raise building costs and create a reliance on electricity, which is more expensive. In a statement responding to the announcement, the city said [Read more]
Rooster Energy Announces Fourth Quarter and Fiscal Year 2016 Financial, Operating and Reserve Report Results
CALGARY, ALBERTA--(Marketwired - April 28, 2017) - ROOSTER ENERGY LTD. (the "Company") (www.roosterenergyltd.com) (TSX VENTURE:COQ) is pleased to announce it has filed on SEDAR (www.sedar.com) its Forms 51-101F1, 51-101F2 and 51-101F3 which includes summary data on the Company's proved and probable reserves as of December 31, 2016. Additionally, the Company has filed its audited financial statements, related management discussion and analysis ("MD&A") for the three months ("Q4 2016") and twelve [Read more]
Journey Energy Inc. Announces Closing of Strategic Acquisition, Divestment of Non-Core Property, Increase to Credit Facility and Hedging Update
CALGARY, April 28, 2017 /CNW/ - Journey Energy Inc. (JOY – TSX) ("Journey" or the "Company") is pleased to announce it has closed on its previously announced strategic acquisition in its Central Alberta core area (the "Acquisition"). The Acquisition consists of approximately 2,000 boe/d (average for 2017; 28% oil & NGL's) of high value; long life; operated; high working interest (75% average); and liquids-rich gas production. This low-decline (16%) production base provides annual, net [Read more]
Toscana Energy Announces New $36 Million Senior Secured Revolving Credit Facility
CALGARY, Alberta, April 28, 2017 (GLOBE NEWSWIRE) -- Toscana Energy Income Corporation (the "Corporation") (TSX:TEI) is pleased to announce that it has entered into a commitment letter with respect to a new senior secured demand revolving credit facility with Alberta Treasury Branches ("ATB"). The Credit Facility will provide the Corporation with a $36 million Credit Facility that will be available on a fully revolving basis. ATB has committed to the new Credit Facility subject to the [Read more]
Canada Weekly Rig Count Down 14 to 85
Western Canada’s fleet of drilling rigs are slowing down on account of seasonality in the drilling business with only 85 actively drilling according to data collected by Baker Hughes for the week of April 28. Drilling activity is starting to slow down, but still very active in comparison to last year’s count. Will will see a continued drop in activity due to the upcoming spring breakup. Rigs activity will stay low likely until June, when activity will start to pick up again. From one [Read more]
Imperial announces first quarter 2017 financial and operating results
Earnings of $333 million, an increase of $434 million compared to the same period of 2016 Strong petroleum product sales driven by long-term, high value supply agreements Upstream production impacted by a fire at the Syncrude Mildred Lake upgrader CALGARY, April 28, 2017 /CNW/ - First quarter (millions of Canadian dollars, unless noted) 2017 2016 % Net Income (loss) (U.S. GAAP) 333 (101) 430 Net Income [Read more]
Vermilion Energy Inc. Announces Results for the Three Months Ended March 31, 2017
CALGARY, April 28, 2017 /CNW/ - Vermilion Energy Inc. ("Vermilion", "We", "Our", "Us" or the "Company") (TSX, NYSE: VET) is pleased to report operating and unaudited financial results for the three months ended March 31, 2017. The unaudited financial statements and management discussion and analysis for the three months ended March 31, 2017, will be available on the System for Electronic Document Analysis and Retrieval ("SEDAR") at www.sedar.com, on EDGAR at www.sec.gov/edgar.shtml, and on [Read more]
Exxon Mobil’s 1Q profit more than doubles
IRVING, Texas - Exxon more than doubled its profit in the first quarter as rising crude prices magnified the cost cuts made by the company as energy prices tumbled. The Irving, Texas, company earned $4.01 billion, or 95 cents per share, for the three month period, up from $1.81 billion, or 43 cents per share, a year earlier. It's the first year-over-year profit gain for Exxon since the third quarter of 2014, when the price of oil was just beginning a plunge that took it below $30 a [Read more]
Enbridge Inc. Announces Conclusion and Outcomes of Enbridge Energy Partners, L.P. Strategic Review
CALGARY, ALBERTA--(Marketwired - April 28, 2017) - Enbridge Inc. (TSX:ENB)(NYSE:ENB) (Enbridge or the Company) announced today that the strategic review of Enbridge Energy Partners, L.P. (NYSE:EEP) (EEP or the Partnership) has been completed. The following actions, together with the previously announced measures earlier this year, have been taken to restore EEP's value proposition to its unitholders and to Enbridge. Acquisition of Midcoast Assets - Enbridge, through its wholly owned U.S. [Read more]