CALGARY, Aug. 7, 2013 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) is pleased to announce an increase to its dividend, the Company's financial and operating results for the three and six month periods ended June 30, 2013 and a reiteration of 2013/2014 guidance. DIVIDEND INCREASE Based upon: 1) better than anticipated drilling results at Valhalla, Silver and Nipisi South; 2) better than anticipated early waterflood response at Nipisi; 3) significantly better than forecasted [Read more]
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Alberta Energy Regulator Approves Dover Commercial Project
CALGARY, Aug. 6, 2013 /CNW/ - Athabasca Oil Corporation (TSX: ATH) has been informed that the Alberta Energy Regulator (formerly ERCB) panel has approved the Dover Commercial Project subject to approval by the Lieutenant Governor in Council. The approval will be sent to the Alberta government cabinet for their consideration. The Dover Commercial Project is operated by Brion Energy Corporation, an operating company jointly owned by Athabasca and a wholly owned subsidiary of PetroChina. The in [Read more]
Brion Energy welcomes regulatory decision on Dover Project
CALGARY, Aug. 6, 2013 /CNW/ - Brion Energy has received notice from the Alberta Energy Regulator (AER) that the panel reviewing the Dover Commercial Project approved the Project, subject to the approval by the Lieutenant Governor in Council. The AER's approval will be sent to the Government of Alberta for its consideration. Brion is confident of its ability to abide by the conditions and recommendations of the AER's approval. "We thank the regulatory officials for their careful work on this [Read more]
Whitecap Resources Inc. Announces 2013 Second Quarter Results
CALGARY, Aug. 6, 2013 /CNW/ - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX: WCP) is pleased to announce that we have filed on SEDAR our unaudited interim financial statements and related Management's Discussion and Analysis ("MD&A") for the three and six months ended June 30, 2013. Selected financial and operational information is outlined below and should be read in conjunction with Whitecap's unaudited interim financial statements and related MD&A which are available for [Read more]
Trilogy Energy Corp. Announces Financial and Operating Results for the Three and Six Months-Ended June 30, 2013 and Updates 2013 Guidance
CALGARY, ALBERTA--(Marketwired - Aug. 6, 2013) - Trilogy Energy Corp. (TSX:TET) ("Trilogy") is pleased to announce its financial and operating results for the three and six months-ended June 30, 2013 and updates 2013 guidance. FINANCIAL AND OPERATING HIGHLIGHTS Reported sales volumes for the second quarter of 2013 averaged 37,209 Boe/d, representing an increase of 3 percent over the prior quarter (12 percent year to date 2013 over the same [Read more]
Rock Energy Inc. Announces Q2 2013 Results, Increases Capital Program and Revises Guidance Upward
CALGARY, ALBERTA--(Marketwired - Aug. 6, 2013) - Rock Energy Inc. (TSX:RE) ("Rock" or the "Company") is pleased to report its financial and operating results for the three months and six months ended June 30, 2013. Rock is a Calgary-based crude oil exploration, development and production company. Rock has filed its unaudited condensed interim Consolidated Financial Statements for the period ended June 30, 2013 and related Management's Discussion and Analysis ("MD&A"). Copies of Rock's [Read more]
TransCanada to Proceed with $1.5 Billion North Montney Extension
CALGARY, ALBERTA--(Marketwired - Aug. 6, 2013) - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) announced today that its wholly-owned subsidiary, NOVA Gas Transmission Ltd. (NGTL), has signed agreements with Progress Energy Canada Ltd. (Progress) for approximately two billion cubic feet per day (Bcf/d) of firm gas transportation services to underpin the development of a major pipeline extension of the NGTL System. "The proposed North Montney Mainline project will provide [Read more]
Canada Energy Partners Announces Year-End Reserve & Resource Update With Significant Increase in Montney Resource
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 6, 2013) - Canada Energy Partners (the "Company") (TSX VENTURE:CE) is pleased to announce its year-end reserve and resource update, effective April 30, 2013. GLJ Petroleum Consultants evaluated the Company's Montney reserves and resources and Netherland Sewell and Associates evaluated the Peace River CBM Project's reserves and resources. The Company received an increase in its Contingent Resources of 173 BCFe associated with its Monias Property. [Read more]
U.S. Development Group Partners With Gibson Energy to Develop Crude-By-Rail Terminal Near Hardisty, Alberta
HOUSTON, TEXAS and CALGARY, ALBERTA--(Marketwired - Aug. 6, 2013) - U.S. Development Group LLC ("USDG"), a Houston based developer of rail logistics and terminal facilities and Gibson Energy Inc. ("Gibson"), (TSX:GEI), a Calgary based midstream energy company, today announced that they have partnered to expand USDG's industry-leading crude-by-rail development to Canada and increase transportation optionality for Gibson's Hardisty Terminal customers. Gibson and USDG have jointly secured [Read more]
MEG Energy appoints Chief Financial Officer
CALGARY, Aug. 6, 2013 /CNW/ - MEG Energy Corp. announced today the appointment of Eric Toews to the position of Chief Financial Officer. "Eric brings to MEG more than 20 years of experience, expertise and strategic leadership in the financial sector," said Bill McCaffrey, President and Chief Executive Officer. "His career has been exclusively focused in oil and gas which will be invaluable as we continue to move forward with our long-term growth strategy." Toews joins MEG Energy from BMO [Read more]