CALGARY, ALBERTA--(Marketwired - May 8, 2013) - Talisman Energy Inc. (TLM.TO) (TLM) Talisman Energy Poland B.V. (Talisman) has reached an agreement to transfer its interests in Poland to its partner San Leon Energy (San Leon). San Leon will acquire 100% of the shares of Talisman Energy Polska Sp. z o.o. (100% held by Talisman Energy Poland B.V.), including all assets and drilling equipment. The deal enables Talisman to exit the country with no outstanding commitments or [Read more]
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Tamarack Valley Energy Ltd. Announces Record Production and Funds from Operations and Releases 2013 First Quarter Financial and Operating Results
CALGARY, ALBERTA--(Marketwired - May 8, 2013) - Tamarack Valley Energy Ltd. (TSX VENTURE:TVE) ("Tamarack" or the "Company") has filed its unaudited condensed consolidated financial statements for the three months ended March 31, 2013 ("Financial Statements") and management's discussion and analysis ("MD&A") on SEDAR. Selected financial and operational information is outlined below and should be read in conjunction with the Financial Statements, which were prepared in accordance with [Read more]
Bellatrix Exploration Ltd. Announces First Quarter 2013 Financial Results
TSX, NYSE MKT: BXE CALGARY, May 8, 2013 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE MKT: BXE) announces its financial and operating results for the three months ended March 31, 2013. Forward-Looking Statements This press release, including the report to shareholders, contains forward-looking statements. Please refer to our cautionary language on forward-looking statements and the other matters set forth at the beginning of the management's discussion and [Read more]
Oil slips on expectation U.S. supplies are growing and report on Saudis output
NEW YORK, N.Y. – The price of oil fell Tuesday on expectations of another increase in U.S. oil supplies. West Texas Intermediate, the benchmark crude in the U.S., fell 54 cents to finish at US$95.62 per barrel on the New York Mercantile Exchange. The U.S. Energy Department releases its weekly report on U.S. oil inventories Wednesday. Addison Armstrong, senior director of market research at Tradition Energy, expects supplies rose by 2.8 million barrels in the week ended May 3. [Read more]
Long Run Exploration Ltd. Announces First Quarter 2013 Results
CALGARY, ALBERTA--(Marketwired - May 7, 2013) - Long Run Exploration Ltd. ("Long Run" or the "Corporation") (LRE.TO) is pleased to report financial and operational results for the quarter ended March 31, 2013. This represents the first full quarter of operations as Long Run, a significant milestone in the evolution of the Corporation. Long Run aggressively drilled both the Montney and the Viking this quarter, adding more than 3,000 boe per day of production from 2012 fourth quarter exit volumes [Read more]
Paramount Resources Ltd. First Quarter 2013 Results, Sales Volumes Increase 20%, Musreau Deep Cut Facility on Schedule for Late Third-Quarter Commissioning
CALGARY, ALBERTA--(Marketwired - May 7, 2013) -Paramount Resources Ltd. (POU.TO) FIRST QUARTER OVERVIEW Principal Properties Paramount achieved record sales volumes of 23,600 Boe/d in March 2013, the highest since the spin-out of Trilogy in 2005, despite 800 Boe/d of property dispositions and 2,000 Boe/d of third party disruptions. First quarter 2013 sales volumes increased 20 percent from the first quarter of 2012 to 22,591 Boe/d. Kaybob COU sales volumes increased 46 percent to [Read more]
TSX flat, while Dow breaks 15,000
By Linda Nguyen, The Canadian Press TORONTO - The Toronto Stock Market stayed relatively flat Tuesday as it was dragged down by dropping commodity prices and earnings reports from a number of big-name companies. The S&P/TSX composite index was down 0.7 points at 12,474.52, while the Canadian dollar climbed 0.18 of a cent to 99.50 cents US. The resource-heavy TSX initially opened lower, then jumped back and forth between positive and negative territory throughout the morning. The TSX [Read more]
Kelt Reports Financial and Operating Results for the Three Months Ended March 31, 2013
CALGARY, ALBERTA--(Marketwired - May 7, 2013) - Kelt Exploration Ltd. ("Kelt" or the "Company") (KEL.TO) has released its financial and operating results for the three months ended March 31, 2013. Summary of results are as follows: (CA$ thousands, except as otherwise noted) Three months ended March 31, 2013 Revenue, before royalties 3,865 Funds from operations(1) 2,179 Basic ($/common share)(1) 0.09 Diluted ($/common [Read more]
Questerre to Test 15-01 Montney Well After Breakup
CALGARY, ALBERTA--(Marketwired - May 7, 2013) - NOT FOR DISTRIBUTION ON U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. Questerre Energy Corporation ("Questerre" or the "Company") (QEC.TO) (QEC.OL) reported today that its well at 15-01-62-06-W6M ("15-01" or the "Well") in the Kakwa-Resthaven area of west central Alberta will be tested after spring breakup. The planned testing program will involve flow-back and cleanup of the well including over 10,000 barrels of [Read more]
Husky Builds Momentum in the First Quarter of 2013
CALGARY, ALBERTA--(Marketwired - May 7, 2013) - Husky Energy (HSE.TO) continued consistent execution across all business segments as the flexibility of its focused integration strategy delivered strong cash flow and net earnings in the first quarter. "We are achieving important operational milestones as we deliver on our business plan, including the sustained high performance of our heavy oil thermal projects," said CEO Asim Ghosh. "We are making great progress on the Liwan Gas Project in the [Read more]