Waldron Energy Corporation is pleased to provide an operational update regarding the fourth quarter 2012 production estimate of approximately 2,475 boe/d consisting of 650 bbls/day of oil and natural gas liquids and 11 mmscf/d of natural gas. This compares to a third quarter 2012 production of 2,235 boe/d. The Corporation currently estimates production at 2,400 boe/d based on 600 bbls/day of oil and natural gas liquids and 10.8 mmscf/d of natural gas. The Corporation has engaged Macquarie [Read more]
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Penn West announces 2013 capital budget
PENN WEST PETROLEUM LTD. is pleased to announce that the Board of Directors has approved its capital budget for 2013. Penn West has a leading position in several emerging and established light-oil resource plays as well as numerous other large scale resource opportunities. Control of this quality asset base affords Penn West the ability to allocate capital to achieve a range of strategic goals. In the past several years, Penn West has balanced appraisal of its significant resource base with a [Read more]
Bonavista Announces a Reduction in Monthly Dividends, Closing of a Synergistic Deep Basin Acquisition, Confirmation of the 2013 Capital Budget and Increased Production Guidance
Bonavista Energy Corporation announces that its Board of Directors has approved a reduction in the monthly dividend from $0.12 per share to $0.07 per share, beginning with the payment due February 15, 2013 to common shareholders of record on January 31, 2013, with an ex-dividend date of January 29, 2013. Despite encouraging signs of recovery in the fall of 2012, North American natural gas fundamentals have deteriorated significantly since that point. Driven by widespread technological success [Read more]
Angle Energy Inc. Provides Operational Update and 2013 Guidance
Angle Energy Inc. is pleased to provide shareholders with the following activity updates and corporate information. HIGHLIGHTS Angle drilled and rig released 10 gross (8.3 net) horizontal wells in the fourth quarter of 2012, with 6 gross (4.3 net) wells targeting Cardium light oil, with a 100% success rate. Currently, Angle has 3 gross (2.5 net) horizontal wells in completion operations or awaiting completion. Due to Angle's oil weighting in the fourth quarter of 2012, it is anticipated [Read more]
Sonde Announces Initiation of Western Canada Strategic Alternatives Process
Sonde Resources Corp. reports that it has retained FirstEnergy Capital Corp. ("FirstEnergy") to initiate a process to explore and evaluate potential strategic alternatives with regard to Sonde''s western Canadian production and exploratory acreage, with a view to enhancing shareholder value. In particular, the Company seeks alternatives that will reduce emphasis on legacy producing assets, and facilitate a focus on creating value from its large portfolio of exploratory acreage, which contains [Read more]
Fairborne Energy Ltd. Announces Change of Name to Santonia Energy Inc.
Fairborne Energy Ltd. announces that it has changed its name to Santonia Energy Inc. ("Santonia") effective January 9, 2013. The name change was approved by shareholders of the Corporation at the special meeting of shareholders of the Corporation held on January 8, 2013 (the "Special Meeting"). The Corporation expects that trading of its common shares on the Toronto Stock Exchange under its new name and trading symbol of "STE" will commence within two to three business days from today's [Read more]
Progress Energy picks TransCanada for $5-billion natural gas pipeline project
Progress Energy has awarded a $5-billion natural gas infrastructure project across northern British Columbia to TransCanada Corp., the Calgary-based pipeline company. TransCanada will design, build, own and operate the proposed Prince Rupert Gas Transmission project for Progress. It will also extend an existing transmission line to connect with the Prince Rupert line to serve Progress and other gas suppliers. The Prince Rupert transmission line will carry gas from the North [Read more]
Legacy Announces 2013 Budget and Public Guidance
Legacy Oil + Gas Inc. is pleased to announce its capital and operating budget and associated public guidance for 2013. Continued success in the Company's dominant position in the Spearfish play in southern Manitoba and North Dakota and in its conventional assets in the Williston Basin has added significantly to its drilling inventory. These areas, along with Turner Valley, will play key roles in 2013 organic activity and growth. Legacy expects to spend $290 million in 2013 focused on light [Read more]
Natural gas drops again on production report and mild weather
Natural gas prices fell again following a report showing production is at record levels and mild early winter weather. Natural gas fell 5 cents to end at $3.22 per 1,000 cubic feet, continuing a decline that started Monday when the Energy Department reported that natural gas production rose to a record 73.54 trillion cubic feet a day in October. In addition some analysts lowered their estimates for natural gas prices because of the mild weather that much of the country experienced [Read more]
Hyperion Announces Renewal of Bank Facilities
Hyperion Exploration Corp. announces, as a result of the schedule lending review with its credit provider, the lending limits of its existing banking facilities remain unchanged at $50.0 million. The Company''s revolving operating facility remains at a borrowing limit of $40.0 million and an acquisition/development facility remains at a borrowing limit of $10.0 million. Security for these facilities will continue to be provided by way of a charge over the petroleum and natural gas assets of the [Read more]