CALGARY, ALBERTA--(Marketwired - April 27, 2017) - Manitok Energy Inc. ("Manitok" or the "Corporation") (TSX VENTURE:MEI) is pleased to announce that it has completed an acquisition from an Alberta based oil and gas company to acquire a 100% working interest in approximately 1.1 Mmcf/d (175 boe/d) of natural gas production, based on field estimates, in the Carseland, Alberta area (the "Acquisition"). In addition to the current production, the Acquisition includes 13 sections of developed [Read more]
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Crescent Point Announces Q1 2017 Results With Production Ahead of Guidance
CALGARY, ALBERTA--(Marketwired - April 27, 2017) - All financial figures are approximate and in Canadian dollars unless otherwise noted. This press release contains forward-looking information and references to non-GAAP financial measures. Significant related assumptions and risk factors, and reconciliations are described under the Non-GAAP Financial Measures and the Forward-Looking Statements and Reserves Data sections of this news release, respectively. Crescent Point Energy Corp. [Read more]
Leucrotta Announces Q4 2016 Financial and Operating Results
CALGARY, ALBERTA--(Marketwired - April 27, 2017) - LEUCROTTA EXPLORATION INC. (TSX VENTURE:LXE) ("Leucrotta" or the "Company") is pleased to announce its financial and operating results for the three months and year ended December 31, 2016. All dollar figures are Canadian dollars unless otherwise noted. HIGHLIGHTS Materially extended the mapping and productive boundaries of the Lower Montney Turbidite Light Oil Resource Play with the drilling of three delineation wells (two horizontal [Read more]
Suncor Energy reports first quarter 2017 results
CALGARY, ALBERTA--(Marketwired - April 26, 2017) - "Our Oil Sands operations and offshore assets posted impressive production results and continued low operating costs, generating industry-leading cash flow per barrel," said Steve Williams, president and chief executive officer. "Our Refining and Marketing segment also delivered another strong quarter, contributing to companywide total funds from operations of over $2.0 billion." Funds from operations of $2.024 billion ($1.21 per common [Read more]
Questfire Energy Corp. Announces 2016 Financial Results and Files Its Annual Information Form
CALGARY, ALBERTA--(Marketwired - April 26, 2017) - Questfire Energy Corp. (the "Corporation" or "Questfire") (TSX VENTURE:Q.A) is pleased to announce that it has filed on SEDAR its audited financial statements, related management's discussion and analysis ("MD&A") and Annual Information Form (AIF) for the year ended December 31, 2016. Included in the AIF are the Corporation's reserves data and other oil and gas information as of December 31, 2016 as prepared by GLJ Petroleum Consultants Ltd. [Read more]
Suncor Energy announces increased return to shareholders and early repayment of US $1.25 billion bond
CALGARY, ALBERTA--(Marketwired - April 26, 2017) - Suncor today announced plans to repurchase up to $2 billion of the company's shares over the next twelve months through a normal course issuer bid ("NCIB"), together with the early repayment of a US $1.25 billion bond. "Our business continues to deliver strong cash flow even at current commodity prices," said Steve Williams, Suncor president and chief executive officer. "We have made commitments to increase returns to shareholders and [Read more]
Traverse Energy Ltd. Announces Private Placement Financing
CALGARY, ALBERTA--(Marketwired - April 26, 2017) - Traverse Energy Ltd. (the "Corporation") (TSX VENTURE:TVL) intends to complete a non-brokered private placement (the "Private Placement") of up to of 5 million common shares ("Common Shares") and 2,375,000 warrants ("Warrants") of the Corporation for total gross proceeds of $2 million. The Private Placement will consist of: up to 1.75 million units, each of which will be comprised of one common share issued on a "flow-through" basis [Read more]
Shoal Point to submit Summary Planning Document to regulators
VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 26, 2017) - Mark Jarvis, CEO of Shoal Point Energy Ltd. (CSE:SHP)(CSE:SHP.CN), announced today that the Company is planning to submit a Summary Planning Document to the applicable regulators in Newfoundland and Labrador. "The plan will not involve hydraulic fracturing," said Mr. Jarvis. "Our recently completed analysis of the entire data set indicates that the Humber Arm Allochthon may have enough streaks of natural fracturing and porosity to [Read more]
Low oil and gas prices crater number of Alberta well licencees
The economic downturn from the commodity price crash in 2014 has had a major impact on organizations relying upon the revenues tied to commodity prices like oil and gas. It's no surprise that with low oil and natural gas prices, the number of licensees in Alberta has decreased. Simply put, the investment is shifting away due to lower returns. The total number of licensees over the past 16 months can be shown in the plot below: The plot above indicates that there are more licensees [Read more]
Leucrotta Exploration Inc. Announces Completion of Its $80 Million Bought Deal Financing
CALGARY, ALBERTA--(Marketwired - April 26, 2017) - Leucrotta Exploration Inc. ("Leucrotta" or the "Company") (TSX VENTURE:LXE) is pleased to announce that it has closed its previously announced Bought-Deal Financing (the "Bought Deal Financing") of (i) common shares of the Company ("Common Shares"); and (ii) Common Shares issued on a flow-through basis in respect of Canadian Exploration Expenses ("CEE") under the Income Tax Act (Canada) (the "Flow-Through Shares"), by way of short form [Read more]