CALGARY, ALBERTA--(Marketwired - Aug. 7, 2013) - Tourmaline Oil Corp. (TSX:TOU) ("Tourmaline" or the "Company") is pleased to announce results for the three and six months ended June 30, 2013 and provide an update on its 2013 EP program. Q2 2013 Highlights Record quarterly production of 70,178 boepd, a 38% increase over second quarter of 2012. Second quarter 2013 earnings of $30.0 million, a 2,865% increase over second quarter 2012. [Read more]
Headlines
Maine firm in Quebec tragedy files for bankruptcy
BANGOR, Maine (AP) -- A railroad company whose runaway oil train caused a fire and explosion that killed 47 people in a small town in Canada filed for bankruptcy protection on Wednesday. The Montreal, Maine and Atlantic Railway Inc. filed for Chapter 11 bankruptcy protection in U.S. and Canadian courts, citing debts to more than 200 creditors following the July disaster in Lac-Megantic, Quebec. Company Chairman Ed Burkhardt had said previously that a bankruptcy filing was likely following [Read more]
Arsenal Energy Releases Q2 Results and Announces Consolidation and Dividend
CALGARY, ALBERTA--(Marketwired - Aug. 7, 2013) - Arsenal Energy Inc. ("Arsenal" or "Company") (TSX:AEI) (PINKSHEETS:AEYIF) is pleased to release its Q2 2013 results and announce the consolidation of share capital and a dividend. Cash flow for the second quarter was $10.0 million, a 40% increase from 2013 Q1 and a 53% increase compared to Q2 2012. It is anticipated that cash flow will show additional substantial growth in the third quarter due to production increases from recently drilled Bakken [Read more]
Tuscany Energy Ltd. Commences an Oil Development Program in Saskatchewan
CALGARY, ALBERTA--(Marketwired - Aug. 7, 2013) - Tuscany Energy Ltd. ("Tuscany") (TSX VENTURE:TUS). Tuscany today announced it has commenced a 3 well heavy oil horizontal development program, located near Lloydminster in west-central Saskatchewan. The first well, Tuscany's Macklin 93/6-33-39-28 W3, was successfully drilled and encountered over 300 meters of oil saturated sand in the Dina formation and a liner has been run. The well is a 50 metre offset from the Tuscany [Read more]
Offshore oil production to fuel economic growth in St. John’s
OTTAWA, Aug. 7, 2013 /CNW/ - Increased offshore oil production will make St. John's, Newfoundland and Labrador the fastest growing economy among 15 Canadian cities in 2013, according to The Conference Board of Canada's Metropolitan Outlook-Summer 2013. "With economic growth forecast to reach five per cent this year, St. John's is expected to more than recover from a 3.2 per cent decline in 2012," said Mario Lefebvre, Director of the Conference Board's Centre for Municipal Studies. "As the hub [Read more]
Surge Energy Inc. Announces Dividend Increase, Operating and Financial Results for the Second Quarter 2013, and Reiterates 2013/2014 Guidance
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]
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]