VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 24, 2013) - THIS PRESS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES High North Resources Ltd. ("High North" or the "Company") (TSX VENTURE:HN) - announces that it has entered into an arm's length Share Exchange Agreement (the "Share Exchange Agreement") dated April 15, 2013, for the acquisition (the "Transaction") by the Company of all of the issued and outstanding shares of Valleyview [Read more]
Headlines
NXT Announces Strong 2012 Year-End Result
CALGARY, ALBERTA--(Marketwired - Apr 24, 2013) - Highlights Record revenues of $11 million in 2012 Record net profit for 2012 of $2 million Positioned for continued growth with strong cash position and no debt NXT Energy Solutions Inc. ("NXT" or the "Company") (TSX VENTURE:SFD)(NSFDF), is pleased to announce its financial and operating results for the fiscal year ended December 31, 2012. All selected and referenced financial information should be read in conjunction with the [Read more]
Hemisphere Energy Announces Increased Credit Facility
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Apr 24, 2013) - Hemisphere Energy Corporation (TSX VENTURE:HME) is pleased to announce that, as a result of reserve additions and production increases from its 2012 drilling activity, the company's credit facility was increased from $5.5 million to $9.5 million. Hemisphere's next review date is scheduled on or before September 1, 2013. Hemisphere has drilled 11 consecutive successful Glauconitic horizontal wells in its Jenner property in southeast [Read more]
Arsenal Energy Inc. Announces $2.0 Million Flow-Through Share Bought Deal Financing
CALGARY, ALBERTA--(Marketwired - April 24, 2013) - NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Arsenal Energy Inc. (AEI.TO) ("Arsenal") is pleased to announce that it has entered into an agreement with Casimir Capital Ltd. (the "Underwriter" or "Casimir") to complete a bought deal private placement financing (the "Offering") of 3,750,000 flow-through common shares ("Flow-Through Shares") at a price of $0.54 per Flow-Through Share for [Read more]
DeeThree Exploration Ltd. Announces Commitment for $135 Million Credit Facility and Increased 2013 Guidance
CALGARY, ALBERTA--(Marketwired - April 24, 2013) - NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES. DEETHREE EXPLORATION LTD. ("DeeThree" or the "Company") (DTX.TO)(DTHRF) is pleased to announce that its current syndicate of lenders have committed to an increase to the Company's credit facility to $135 million from $90 million. The increase in the credit facility is expected to be finalized in late April 2013. As a result of better than expected, [Read more]
Ivanhoe Energy Proceeds with 3:1 Share Consolidation to Remain Compliant with NASDAQ Listing Requirements
CALGARY, April 24, 2013 /CNW/ - Ivanhoe Energy (TSX: IE; NASDAQ: IVAN) announced today that it will proceed with the share consolidation as proposed in the Management Proxy Circular and approved at the Company's Annual General Meeting on Monday April 22, 2013. The Company's Board of Directors subsequently approved a share consolidation ratio of 1 new common share for every 3 existing common shares. The consolidation of the Company's common shares is intended to establish the basis for the [Read more]
Hawk announces 2012 annual results and filing of reserves data
CALGARY, April 24, 2013 /CNW/ - Hawk Exploration Ltd. ("Hawk" or the "Corporation") announces that it has filed on SEDAR its audited annual financial statements, and related management's discussion and analysis. The Corporation also filed its Annual Information Form for the period ended December 31, 2012 containing the Corporation's Statement of Reserves Data and Other Oil and Gas Information as of December 31, 2012 as mandated by National Instrument 51-101 - Standards of Disclosure for Oil and [Read more]
Cenovus oil production climbs 15% in first quarter
Refining operating cash flow increases 97% to $524 million Cash flow was $971 million, or $1.28 per share in the first quarter, an increase of 7% from the same period in 2012, mainly due to strong performance from the company's refining business. Operating cash flow from refining almost doubled to $524 million compared with the same quarter a year earlier. Combined oil sands production at Foster Creek and Christina Lake averaged more than 100,000 barrels per day (bbls/d) net in the first [Read more]
MEG Energy reports first quarter 2013 results – record production sets stage for transformational year
CALGARY, April 24, 2013 /CNW/ - MEG Energy Corp. ("MEG") today reported first quarter 2013 operational and financial results. Highlights include: Record quarterly production volumes of 32,531 barrels per day as MEG drives toward a 2013 exit production rate 30% to 50% higher than 2012 average volumes and a nearly 180% increase over 2012 averages by early 2015; Low net operating costs of $10.44 per barrel, which mitigated the challenging price environment through January and February - [Read more]
Alexander Energy Ltd. Announces Fourth Quarter and Year End 2012 Results
CALGARY, ALBERTA--(Marketwired - April 23, 2013) - Alexander Energy Ltd. ("Alexander" or the "Company") (TSX VENTURE:ALX)announces that it has filed its Audited Financial Statements and related Management's Discussion and Analysis for the year ended December 31, 2012, along with other disclosure documents for 2012, all of which are available on the Company's profile at www.SEDAR.com ("SEDAR"). Message to Shareholders Alexander Energy Ltd. has made consistent progress since the September, [Read more]