CALGARY , March 21, 2013 /CNW/ - Marquee Energy Ltd. ("Marquee" or the "Company") (TSXV: "MQL") is pleased to announce its fourth quarter and annual operating and financial results and provide an update on recent activities. ACHIEVEMENTS AND HIGHLIGHTS Marquee achieved its goal of transitioning from a gas weighted to an oil and liquids weighted company in 2012. The significant growth in both production and land base in the Company's core Michichi area, together with the acquisition and [Read more]
Headlines
Enerplus Announces Succession of President & CEO
CALGARY , March 21, 2013 /CNW/ - The Board of Directors of Enerplus Corporation ("Enerplus") (ERF.TO) (ERF) today announced that Mr. Gordon J. Kerr will be retiring as President & Chief Executive Officer ("CEO") effective June 30, 2013 . Mr. Ian C. Dundas , currently Executive Vice President & Chief Operating Officer, will succeed Mr. Kerr as President & Chief Executive Officer. Mr. Kerr will also be retiring as a Director of Enerplus on June 30, 2013 , and Mr. Dundas will assume a [Read more]
Twin Butte Energy Announces Record 2012 Year End Results
CALGARY , March 21, 2013 /CNW/ - (TBE.TO) - Twin Butte Energy Ltd. ("Twin Butte" or the "Company") is pleased to report financial and operational results for the three and twelve months ended December 31, 2012 . Twin Butte previously released 2012 year end reserves on February 27, 2013 . Highlights of Twin Butte's highly successful 2012 are as follows: Demonstrated a sustainable dividend paying model with a payout ratio of 91 percent and a payout ratio net of the DRIP, of 89 percent in [Read more]
Sonde Resources Corp. Announces Year End 2012 Financial and Operating Results and Provides Update on Current Activities
CALGARY, ALBERTA--(Marketwire - Mar 21, 2013) - Sonde Resources Corp. ("Sonde" or the "Company") (SOQ.TO) (NYSE MKT:SOQ) announced today the release of its financial and operating results for the year ended December 31, 2012. The Management''s Discussion and Analysis and financial statements for the year ended December 31, 2012 can be viewed on the System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com, and in the Company''s Annual Report on Form 40-F, available on the [Read more]
PetroChina 2012 profit drops 13.3 percent
BEIJING (AP) -- State-owned energy company PetroChina Ltd. said Thursday its 2012 profit tumbled 13.3 percent due to price controls and higher costs for imported gas. The Beijing-based company, the world's biggest oil producer by volume, said it earned 115.3 billion yuan ($18.3 billion), or 0.63 yuan (10 U.S. cents) per share, compared with 132.9 billion yuan the previous year. Revenue rose 9.6 percent to 2.2 trillion yuan ($384 billion). PetroChina blamed slower Chinese economic [Read more]
Enbridge to Invest $0.2 Billion to Connect Ninth Oil Sands Project
CALGARY, ALBERTA--(Marketwire - Mar 21, 2013) - Enbridge Inc. (ENB.TO)(ENB) today announced that it has entered into an agreement to provide pipeline and terminaling services to the proposed Athabasca Oil Corporation ("AOC") Hangingstone Oil Sands Project (the "Hangingstone Project"). The Hangingstone Project will be the ninth oil sands project to be connected to Enbridge''s regional system. Enbridge will construct a new 50-kilometre (31-mile), 16-inch diameter pipeline from the Hangingstone [Read more]
Gas storage drops 62 Bcf, in-line with estimates
Working gas in storage was 1,876 Bcf as of Friday, March 15, 2013, according to EIA estimates. This represents a net change of -62 Bcf in-line with analyst estimates of ~-65 Bcf. Stocks were 502 Bcf less than last year at this time and 162 Bcf above the 5-year average of 1,714 Bcf. [table] [attr style="width: 25%"]`[attr style="width: 25%"]March 15`[attr style="width: 25%"]March 8`[attr style="width: [Read more]
Hemisphere Energy Announces 90% Increase to Proved Reserves in 2012
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Mar 21, 2013) - Hemisphere Energy Corporation (TSX VENTURE:HME) is pleased to announce the results of its year-end independent reserves evaluation in accordance with National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities ("NI 51-101") as at December 31, 2012. The independent reserves evaluation covers a 10 month period ended December 31, 2012 as a result of a change in year-end and is primarily focused on Hemisphere''s core [Read more]
Painted Pony Reports 2012 Financial Results
CALGARY, ALBERTA--(Marketwire - Mar 21, 2013) - Painted Pony Petroleum Ltd. ("Painted Pony" or the "Company") (TSX VENTURE:PPY) is pleased to report that it will be filing its annual financial statements and related Management''s Discussion and Analysis for the year ended December 31, 2012 on SEDAR today. The statements and related Management''s Discussion and Analysis will be available for review at www.sedar.com or www.paintedpony.ca. Fourth Quarter 2012 Highlights: Highlights from the [Read more]
Donnycreek Continues Success with Kakwa Liquids-Rich Montney Development
CALGARY, ALBERTA--(Marketwire - March 21, 2013) - Donnycreek Energy Inc. ("Donnycreek" or the "Company") (TSX VENTURE:DCK) reports that the third horizontal Kakwa Montney well 03-19-63-5 W6M (the "3-19 Well") has been successfully completed and tested. The well was flow-tested for 161 hours. During the final 24 hours of flow-back the well averaged gross production rates of 1,798 boe/d consisting of 826 bbl/d condensate and 5,833 mscf/d natural gas (413 bbl/d and 2,917 mscf/d, or 899 boe/d [Read more]