CALGARY, ALBERTA--(Marketwired - Sept. 30, 2013) - Terra Energy Corp. ("Terra" or the "Company") (TSX: TT) is pleased to announce the appointment of Richard Campbell, P.Eng as Vice President, Production Operations and Gerald Wendland, P. Geol. as Chief Geologist. Mr. Campbell joined the Company a year ago as General Manager of Production Operations. Mr. Campbell has had an extensive career in the oil and gas industry with over 30 years of engineering, predominantly in the areas of oil [Read more]
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Twin Butte Energy Ltd. Provides Corporate and Operational Update
CALGARY, Sept. 30, 2013 /CNW/ - Twin Butte Energy Ltd. (TSX: TBE) ("Twin Butte" or the "Company") is pleased to provide an update on various corporate and operational activities. Twin Butte has completed the disposition of a non-core, west central Alberta, gas asset for gross proceeds of $19.5 million effective September 30, 2013. The property was producing approximately 300 boe per day, of which 72 percent was natural gas. Proceeds will initially be used to reduce debt which is now anticipated [Read more]
Trilogy Energy Corp. Announces C$200 Million Bought Deal Financing
CALGARY, ALBERTA--(Marketwired - Sept. 30, 2013) - NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES. Trilogy Energy Corp. ("Trilogy" or the "Issuer") (TSX:TET) has announced today that it has entered into an agreement with a syndicate of underwriters led by BMO Capital Markets, under which the underwriters have agreed to buy on a bought deal basis 7,020,000 common shares (the "Common Shares"), at a price of $28.50 per Common Share for gross [Read more]
Altima Announces Construction of New Chambers Alberta Area Pipeline and Facilities and Updates Chambers, Alberta Project
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 30, 2013) - Altima Resources Ltd. (TSX VENTURE:ARH) (FRANKFURT:AKC) (PINKSHEETS:ARSLF) announces it has commenced construction of a new 3.78 kilometer pipeline (the "Line") and facility to connect the COPOL HZ 14-15-41-11 W5M well (Refer to News Release September 5, 2013) to the ConocoPhillips Canada compressor facility (the "Facilities") located at 09-04-041-11 W5M. Through a Participation Agreement (the "Agreement") between Acumen Energy [Read more]
Canadian heavy crude benchmark hits five year high in August
TORONTO - Scotiabank says a benchmark Canadian heavy crude hit its highest level in five years last month. The bank says in its monthly report of commodity prices that Western Canadian Select crude hit US$90.90 per barrel in August, the highest since mid-2008. Click here to see historical Alberta oil prices... Scotiabank economist Patricia Mohr says in a report issued Monday that Canadian oilsands crude is now closer to its true value than in the first quarter of 2013. At the time, [Read more]
First Nations Accuse BC Government of Violating International Law by Issuing Enbridge Permits; Call on United Nations Special Rapporteur to Investigate
VANDERHOOF, BRITISH COLUMBIA and YINKA DENE TERRITORIES, BRITISH COLUMBIA--(Marketwired - Sept. 30, 2013) - The Yinka Dene Alliance (YDA) is accusing the BC government of violating international law by issuing permits to Enbridge Northern Gateway Pipelines for drilling and tree removal in their territories, despite their opposition and the lack of consultation on the proposed pipeline. The YDA, whose members' territories make up 25% of the proposed Northern Gateway pipeline route, made [Read more]
Madalena Announces a 1,045 Boe/d (84% Oil) Ostracod Production Test in West-Central Alberta
CALGARY, Sept. 30, 2013 /CNW/ - Madalena Energy Inc. (TSXV: MVN) (the "Company" or "Madalena") is pleased to announce the results of a 3 day production test of its most recent 100% working interest horizontal Ostracod oil well located at 1-32-55-7W5M in the Paddle River area of west-central Alberta. The well reached a total depth of 3,250 metres, including a 1,380 metre horizontal trajectory. Completion operations included a 16-stage multi-frac program where a total of 4,800 barrels of [Read more]
Advantage Announces High Liquid Yield Wells, Increases Montney Acreage & Provides Update on Operations & Strategic Alternatives Process
CALGARY, Sept. 30, 2013 /CNW/ - Advantage Oil & Gas Ltd. ("Advantage" or the "Corporation") (TSX/NYSE: AAV) is pleased to announce the following updates. An updated investor presentation is also available on our website. Two Middle Montney Wells Demonstrate Free Condensate ("C5+")Yield of up to 50 bbls/mmcf and Propane Plus ("C3+") Yield of up to 76 bbls/mmcf at Glacier Two Middle Montney wells located on the Eastern portion of our land block at Glacier at 103/1-9-76-12W6 and [Read more]
Advantage Provides Summary of Previously Announced Glacier Montney Resource Estimates
CALGARY, Sept. 30, 2013 /CNW/ - The Alberta Securities Commission has requested that Advantage Oil & Gas Ltd. ("Advantage" or the "Company") present its reserves and resource estimates contained in the press releases datedMay 21, 2013 and July 15, 2013 (the "Press Releases") without providing a summation of the individual estimates of reserves, contingent resources and prospective resources. The individual estimates of volumes of reserves and resources effective as of March 31, 2013 as [Read more]
Atikwa Resources Inc. Announces Strategic Focus on Spearfish Assets and Management Changes
CALGARY, ALBERTA--(Marketwired - Sept. 30, 2013) - Atikwa Resources Inc. ("Atikwa" or the "Company") (TSX VENTURE:ATK) is pleased to announce that under the new management team, led by newly appointed CEO Andrew Watts and CFO Garry Topolnitsky, several strategic initiatives are underway to develop Atikwa into a high netback quality light oil producer within key core operating areas supported by a newly created technical and operating team. Atikwa will be concentrating on developing its Pierson [Read more]