EDMONTON - Alberta Premier Alison Redford will lead a delegation to China next month to drum up business in the Pacific Rim.Redford will be accompanied by members of 15 small businesses, three regional economic development associations and the presidents of the universities of Alberta and Calgary.The 13-day trip has planned stops in Harbin, Beijing, Shanghai, Hong Kong and Dailan.Teresa Woo-Paw, associate minister for international relations, is going as well to meet officials and [Read more]
Headlines
Oil surges past $112, then eases back as tensions escalate over Syria
BANGKOK (AP) -- The price of oil ricocheted Wednesday as the U.S. edged closer to intervening in Syria's civil war, surging past $112 a barrel before giving up most of those gains. U.S. Defense Secretary Chuck Hagel said Tuesday that American forces were ready to act on any order by President Barack Obama to strike Syria in response to the alleged use of chemical weapons in the conflict. U.S. Warships Set for Cruise Missile Strikes on Syria http://t.co/fsV6lfiIIt via @sharethis [Read more]
Yangarra Announces Second Quarter 2013 Financial and Operating Results
CALGARY, Aug. 28, 2013 /CNW/ - Yangarra Resources Ltd. ("Yangarra" or the "Company") (TSXV:YGR) announces its financial and operating results for the three and six months ended June 30, 2013. Highlights are as follows: Q2 2013 production averaged 2,005 boe/d (44% oil and NGL's) with production negatively impacted by approximately 200 boe/d shut-in due to the drilling of new wells on existing pad sites and turn-arounds at 3rd party processing facilities. Q2 2013 oil and gas sales [Read more]
Hawk announces second quarter 2013 results
CALGARY, Aug. 28, 2013 /CNW/ - Hawk Exploration Ltd. ("Hawk" or the "Corporation") is pleased to announce its results for the three and six months ended June 30, 2013. HIGHLIGHTS Highlights for the three months ended June 30, 2013 were as follows: Generated record funds flow from operations of $1.6 million in the second quarter, a 26% increase from the $1.3 million in funds flow in the second quarter of 2012; Averaged a record 628 boe/d of production in the second quarter of 2013, a [Read more]
Atikwa Management Confirms Intent to Step Aside on Successful Outcome of Shareholder Meeting
CALGARY, ALBERTA--(Marketwired - Aug. 27, 2013) - Atikwa Resources Inc. (TSX VENTURE:ATK) ("Atikwa" or the "Company") confirms to all shareholders that, with the successful election of management's proposed slate of directors at the Company's shareholder meeting on August 30th, Atikwa's current management team, including Sean Kehoe, President & CEO, will be stepping aside for the current management team of Hansar Energy Corp. (www.hansarenergy.net). The new management team will continue the [Read more]
Syncrude’s Coker 8-1 Returns to Operation Following Turnaround
CALGARY, ALBERTA--(Marketwired - Aug. 27, 2013) - Canadian Oil Sands Limited (TSX:COS) - All figures below gross to Syncrude unless otherwise indicated. Canadian Oil Sands ("COS") today announced that the turnaround of Coker 8-1 has been completed and the unit is back in operation. Canadian Oil Sands Limited Canadian Oil Sands is a pure investment opportunity in light, sweet crude oil. Through our 36.74% interest in the Syncrude project, we offer a solid, robust [Read more]
Hemisphere Energy Announces Second Quarter 2013 Results
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 27, 2013) - Hemisphere Energy Corporation (TSX VENTURE:HME) is pleased to announce its financial and operating results for the three and six months ended June 30, 2013. Second Quarter 2013 Highlights Produced 407 boe/d with an 83% oil and NGL weighting. Generated $2.4 million in revenue representing an increase of 15% over the first quarter of 2013. Increased operating netbacks by $4.49 [Read more]
Forent Energy Reports Second Quarter Results & Montgomery Oil Discovery
CALGARY, ALBERTA--(Marketwired - Aug. 27, 2013) - Forent Energy Ltd. ("Forent" or the "Company") (TSX VENTURE:FEN) is pleased to announce that it has filed its unaudited condensed Interim Financial Statements and Management's Discussion & Analysis, for the period ending June 30, 2013, with applicable securities regulatory authorities in Canada. Copies of these documents can be accessed under the Company's profile on the SEDAR website at www.sedar.com and on the Company's website [Read more]
Statoil strikes oil in Newfoundland offshore, 500 km northeast of St. John’s
ST. JOHN'S, N.L. - Statoil has discovered crude oil in the Flemish Pass Basin in the North Atlantic, marking the third time it has made such a find in Newfoundland's offshore.The Norwegian energy company says it made the discovery while drilling in depths of about 1,100 metres of water in an area known as the Bay du Nord prospect, about 500 kilometres northeast of St. John's.In June, Statoil announced it detected oil at the Harpoon prospect, which is about 10 kilometres away from Bay du Nord.The [Read more]
RedWater Announces New Board Member
OKOTOKS, ALBERTA--(Marketwired - Aug. 27, 2013) - RedWater Energy Corp. ("RedWater") (TSX VENTURE:RED) is pleased to announce that at its annual and special meeting of shareholders held on August 26, 2013, shareholders re-elected the existing board of directors (Gary Waters, Kyle Francis, Kevin Dickson and Ron Wanner) and elected for his first term Mr. George Chan of Alberta, Canada. Mr. Chan has also agreed to join the Audit Committee of RedWater which now consists of Messrs Waters, Wanner, [Read more]