Santonia Energy Inc. ("Santonia" or the "Company") provides the following update. Production The Company achieved its published exit production target of 5,000 boe/d in November with the month of November's production averaging in excess of 5,000 boe/d. The increase in production from the October 1, 2012 level of 4,500 boe/d, post the closing of asset sales associated with the Strategic Review Process, is a result of additional volumes from the Company's Cardium resource development [Read more]
Headlines
New Brunswick an ally in getting landlocked Alberta crude to tidewater: Redford
CALGARY - Alberta Premier Alison Redford has found an ally in her New Brunswick counterpart when it comes to getting landlocked Alberta crude to new markets. She says a partnership between the two provinces is a "natural fit." New Brunswick Premier David Alward and his energy minister, Craig Leonard, are on the third day of an Alberta tour. Redford says the visit, which included tours of oilsands operations on Monday, reaffirmed what Alward already knew - that oilsands [Read more]
Crude oil prices rebound to near US$97 a barrel amid upbeat economic news
NEW YORK, N.Y. - Improved economic news helped oil rebound from day-earlier losses to post a small gain near US$97 a barrel at midday Tuesday. Benchmark West Texas Intermediate crude for March delivery rose 67 cents to US$96.84 a barrel on the New York Mercantile Exchange after having dropped $1.60 to finish at US$96.17 a barrel on Monday. Data published Tuesday showing rising activity in the manufacturing and services sectors in the 17 European Union countries using the euro [Read more]
Renegade Petroleum Ltd. Announces Voluntary Surrender of Options
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]
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]