We interviewed Bonterra CEO, George Fink about the acquisition of Spartan and the go-forward plans for Bonterra. Press the 'play button' to listen: [Read more]
Headlines
Alberta average prices per hecatre remain low; rise slightly from last period
[table] [attr style="width: 25%"]`[attr style="width: 25%"]Plains/HA`[attr style="width: 25%"]Northern/HA`[attr style="width: 25%"]Foothills/HA January 23, 2013` $261.49` $296.40`$379.30 February 6, 2013` $270.26` $302.15`$427.00 Change`+$8.77`+$5.75`+$47.70 [/table] Source: Alberta Energy [Read more]
Strategic Oil & Gas Ltd. Announces Grant of Stock Options
Strategic Oil & Gas Ltd. ("Strategic" or the "Company") (TSX VENTURE:SOG) announces that is has granted 300,000 options at an exercise price of $1.31 and 175,000 options at an exercise price of $ 1.30 to 2 insiders. Each option entitles the holder to acquire an equivalent number of common shares of the Company for a period of five years and was issued in accordance with the Company''s incentive stock option plan. ABOUT STRATEGIC Strategic is a well-capitalized junior oil and gas [Read more]
Tuscany Announces 2012 Year End Reserves of 1.5 Million BOE, NPV10 $29.0 Million, No Debt
Tuscany Energy Ltd. (TSX VENTURE:TUS) ("Tuscany" or the "Company") is pleased to provide a summary of the independent evaluation and estimate (the "McDaniel Report") of the Company''s proved and probable reserves as at December 31, 2012 prepared by McDaniel and Associates Consultants Ltd. ("McDaniel"). 2012 Reserves, no debt Proved plus probable reserves were 1,520 MBOE as of December 31, 2012, an 11% reduction from the prior year. The estimated net present value of future net revenue [Read more]
TriOil Resources Announces 2013 Capital Budget and Business Plan and Appointment of a Special Committee
TriOil Resources Ltd. ("TriOil" or the "Company") is pleased to announce that the Company's Board of Directors has approved a capital expenditure program of $93 million for 2013 (the "2013 Capital Budget"). TriOil also announces that its Board of Directors have formed a committee of independent directors (the "Special Committee") to conduct a strategic review of the Company's business plan and to consider additional means to enhance shareholder value. Capital Budget and Guidance The 2013 [Read more]
Southern Pacific Announces Financial and Operational Results for the Quarter Ended December 31, 2012
Southern Pacific Resource Corp. ("Southern Pacific" or the "Company") (STP.TO) is pleased to announce its financial and operational results for the quarter ended December 31, 2012. 2013 FISCAL Q2 HIGHLIGHTS: Sold the first barrel of diluted bitumen "dilbit" from STP-McKay on October 24, 2012. The volumes in this quarter were sold primarily as intra-Alberta spot volumes while the Company awaited the commencement of its rail marketing arrangement that came into effect on January 1, [Read more]
Former premier Lucien Bouchard steps down as head of shale gas lobby group
By Sylvain Larocque MONTREAL - Former Quebec premier Lucien Bouchard made a final plea on behalf of the controversial shale-gas industry as he stepped down Thursday as head of the province's shale-gas lobby group. Bouchard urged the Quebec government to ensure that municipalities can't unilaterally block projects exploring for the resource. He recalled that last month, for example, the City of Gaspe was able to pass a regulation prohibiting drilling on its territory, prompting [Read more]
Insignia Energy announces its 2012 year end crude oil and natural gas reserves and first half 2013 capital budget
Insignia Energy Ltd. ("ISN" - TSX) ("Insignia" or the "Company") is pleased to announce the results of its independent reserve evaluation, effective December 31, 2012 , of the Company's reserves by GLJ Petroleum Consultants Ltd. ("GLJ"). 2012 YEAR-END RESERVE HIGHLIGHTS Finding & Development ("F&D") costs for 2012 were $10.60 /boe proved reserves and $8.07 /boe proved plus probable reserves, including change in future development costs; Finding, Development & [Read more]
Stalled pipeline projects costing Canada’s oil companies $30-$70 million each day: Report
CALGARY - A new report says the inability to get oilsands crude to the right markets is costing the Canadian economy dearly. The Canada West Foundation says each stalled pipeline project means a loss of between $30 million and $70 million every day. Senior economist Michael Holden says if pipeline projects such as Keystone XL, Trans Mountain and Northern Gateway don't go ahead, Canada would miss out on $1.3 trillion in economic output between now and 2035. The report was paid [Read more]
Natural gas storage falls 118 Bcf
January 25: 2,802 Bcf February 1: 2,684 Bcf Change: -118 Bcf [table] [attr style="width: 25%"]`[attr style="width: 25%"]February 1`[attr style="width: 25%"]January 25`[attr style="width: 25%"]Change East`1,303`1,391`-88 West`388`398`-10 Producing`993`1,013`-20 Total`2,684`2,802`-118 [/table] Source: EIA [Read more]