CALGARY, ALBERTA--(Marketwired - Nov. 6, 2013) - Angle Energy Inc. ("Angle" or the "Company") (TSX:NGL) today announced the financial and operating results for the three and nine months ended September 30, 2013. Angle reported positive earnings of $1.7 million for the third quarter of 2013 or $0.02 per share, an increase of approximately $4.1 million or 169% over the same period of 2012. The improved financial results were due to a combination of commodity price gains as well as increased [Read more]
Headlines
Surge Announces $76.8 Million Core Area Crude Oil Acquisition, Upward Revision to Guidance, $55 Million Equity Financing, and Four Percent Increase in Dividend
CALGARY, ALBERTA--(Marketwired - Nov. 6, 2013) - Surge Energy Inc. ("Surge" or the "Company") (TSX:SGY) announced today that it has entered into an agreement to acquire (the "Acquisition") a high quality, low decline, operated, crude oil producing asset strategically located near Wainwright in the Company's core area of Central Alberta (the "Assets"). The Assets include over 980 barrels per day of primarily medium gravity crude oil production (with a historical 9 percent annual [Read more]
Kelt enters into an agreement to acquire strategic assets and announces $101 million equity financing
CALGARY, Nov. 6, 2013 /CNW/ - ("KEL" - TSX) - Kelt Exploration Ltd. ("Kelt" or the "Company") has entered into an agreement with a Canadian oil and gas company to acquire certain crude oil and natural gas assets located at Pouce Coupe/Spirit River, in close proximity to the Company's core producing areas at Grande Cache and Karr in west central Alberta. The acquisition has an effective date of October 1, 2013 and is subject to standard industry closing conditions. Closing is expected to occur on [Read more]
Devon Energy Reports Third-Quarter 2013 Results
Delivered 38 percent growth in U.S. oil production Increased cash flow by 18 percent Improved Canadian thermal oil realizations Achieved positive well results in emerging oil plays Exceeded company guidance for midstream operating profit November 06, 2013 08:00 AM Eastern Standard Time OKLAHOMA CITY--(BUSINESS WIRE)--Devon Energy Corporation (NYSE:DVN) today reported net earnings of $429 million or $1.06 per common share ($1.05 per diluted share) for the quarter ended [Read more]
Blackbird Energy Announces Increase to Financing Due to Over-Subscription
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 6, 2013) - (TSX VENTURE:BBI) Blackbird Energy Inc. ("Blackbird" or the "Company") announced today that due to its currently ongoing private placement having been over-subscribed, it is increasing the financing by up to an additional $100,000, for total gross proceeds of up to $3,100,000. The Private Placement is expected to close on or about November 7, 2013 and remains subject to receipt of the TSX Venture Exchange's final [Read more]
Kelt Reports Financial and Operating Results for the Three and Nine Months Ended September 30, 2013
CALGARY, ALBERTA--(Marketwired - Nov. 6, 2013) - Kelt Exploration Ltd. ("Kelt" or the "Company") (TSX:KEL) has released its financial and operating results for the three and nine months ended September 30, 2013. Summary of financial results are as follows: (CA$ thousands, except as otherwise indicated) Three months ended September 30, 2013 Nine months [Read more]
Penn West Announces its Financial Results for the Third Quarter Ended September 30, 2013
CALGARY, Nov. 6, 2013 /CNW/ - PENN WEST PETROLEUM LTD. (TSX: PWT); (NYSE: PWE) ("PENN WEST" or the "COMPANY") is pleased to announce its results for the third quarter ended September 30, 2013. All figures are in Canadian dollars unless otherwise stated. Three months ended September 30 Nine months ended September 30 2013 2012 % change 2013 2012 % change Financial(millions, except per share amounts) Gross revenues [Read more]
Penn West Announces the Results of its Board Strategic Review Process, Long-Term Plan, $485 Million in Non-Core Asset Divestitures and 2014 Capital and Production Guidance
CALGARY, Nov. 6, 2013 /CNW/ - PENN WEST PETROLEUM LTD. (TSX - PWT; NYSE - PWE) ("Penn West", "our" or the "Company") is pleased to announce the results of its strategic review process and details of its long-term plan, an update on asset dispositions as well as 2014 capital and production guidance. Commenting on today's announcements, Dave Roberts, President and CEO stated: "Following a process that began less than five months ago, the Board of Directors (the "Board") and senior management of [Read more]
Talisman Energy Third Quarter Results
CALGARY, ALBERTA--(Marketwired - Nov. 6, 2013) - Talisman Energy Inc. (TSX:TLM) (NYSE:TLM) has reported its operating and financial results for the third quarter of 2013. All values in this release are in US$ unless otherwise stated. "Our third quarter results reflect the progress the company has made against its four strategic priorities," said Hal Kvisle, President and CEO. "Cash flow(1) has steadily increased over the course of the year, and we are on track to reach full year cash [Read more]
Quattro Closes Purchase and Sale Agreement for the Acquisition of 950 boe/d of Oil and Gas Production in Western Canada
CALGARY, ALBERTA--(Marketwired - Nov. 5, 2013) - Quattro Exploration and Production Ltd. ("Quattro" or the "Company") (TSX VENTURE:QXP) is pleased to announce that it has closed an arms-length agreement (the "Purchase and Sale Agreement" or "PSA") with an Alberta-based private oil and gas exploration and production company for the acquisition of certain oil and gas interests in Central Alberta, NW Alberta, NE British Columbia and Saskatchewan (the "Acquisition"). The foundation of the [Read more]