OKLAHOMA CITY , May 16, 2013 /CNW/ - Equal Energy Ltd. (EQU) (TSX:EQU.TO) is pleased to announce the appointment of Michael Doyle as Chairman. Equal thanks Dan Botterill, the previous Chairman who did not stand for re-election and two other outgoing directors also not standing for re-election, Roger Giovanetto and Peter Carpenter , for their dedicated service. At the Annual and Special Meeting of Shareholders, held on May 13, 2013 , all seven director nominees were elected by a majority of [Read more]
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Crown Point Announces Passing of Director and Officer
CALGARY, ALBERTA--(Marketwired - May 16, 2013) -Crown Point Energy Inc. (TSX VENTURE:CWV) ("Crown Point" or "the Company") announces with much regret and profound sadness the sudden death due to complications from a surgical procedure of Dr. Mateo Turic, the President and Chief Executive Officer of Crown Point Oil & Gas S.A., the Argentine subsidiary of the Company, and a director of Crown Point. Dr. Turic had been with Crown Point Oil & Gas S.A. since 2007 and was a valued member of [Read more]
Traverse Energy Announces 2013 First Quarter Results
CALGARY, ALBERTA--(Marketwired - May 16, 2013) - Traverse Energy Ltd. ("Traverse" or "the Company") (TSX VENTURE:TVL) presents financial and operating results for the three months ended March 31, 2013. Three Months Ended Highlights (unaudited) March 31, 2013 December 31, 2012 March 31, 2012 Financial ($ thousands, except per share amounts) Petroleum and natural gas revenue $ 1,464 $ 1,588 $ 979 Royalty [Read more]
Technology will be key to conquering climate change in long run, Harper says
NEW YORK, N.Y. - Technological change will prove to be the key to cutting greenhouse gas emissions, Prime Minister Stephen Harper told a blue-chip audience on Thursday. Simply imposing emissions targets or trying to cap economic growth to reduce emissions isn't going to work, Harper said during a question-and-answer session at the Council on Foreign Relations in New York. "I am convinced that, over time, we are not going to effectively tackle emissions unless we develop the [Read more]
Gas stock increase above estimates, nat. gas futures drop
Working gas in storage was 1,964 Bcf as of Friday, May 10, according to EIA estimates. This represents a net change of +99 Bcf; above estimates of ~+95 Bcf. As a result, NYMEX nat gas futures reacted negatively to the report, dropping 3% Thursday morning. [table] [attr style="width: 25%"]`[attr style="width: 25%"]May 10`[attr style="width: 25%"]May 3`[attr style="width: 25%"]Change East`811`756`+55 West`357`344`+13 Producing`796`765`+31 Total`1,964`1,865`+99 [/table] Source: EIA [Read more]
Critics take to web as PM promotes Canada’s energy prospects in U.S.
By Heather Scoffield, The Canadian Press OTTAWA – Prime Minister Stephen Harper will be in New York today, pitching Canadian energy prospects to a leading U.S. think-tank. At the same time, critics of Canada’s green record are taking to the Internet to warn that the Alberta oilsands are an environmental threat. Speaking to the Council on Foreign Relations, Harper is expected to stress that Canada is halfway towards meeting its greenhouse gas emissions target. Many people in both [Read more]
Whitecap Resources Inc. Announces Closing of Previously Announced Offerings
/NOT FOR DISTRIBUTION IN THE UNITED STATES ./ CALGARY , May 16, 2013 /CNW/ - - Whitecap Resources Inc. ("Whitecap") is pleased to announce that it has closed its previously announced public offering of 10,393,000 common shares, including 1,114,000 common shares issued pursuant to the full exercise of the over-allotment option, with a syndicate of underwriters led by GMP Securities L.P. and National Bank Financial Inc. and including Dundee Securities Ltd., FirstEnergy Capital Corp., Macquarie [Read more]
McCoy Corporation appoints permanent Chief Financial Officer
EDMONTON, May 16, 2013 /CNW/ - McCoy Corporation("McCoy" or "the Company") (TSX:MCB.TO), a supplier of innovative products and services for the global energy industry, today announced the appointment and promotion ofMr. Jacob Coonan as the Company's Chief Financial Officer ("CFO"), effective immediately. "Jacob has excelled in his role as Interim CFO, demonstrating strong leadership and a great depth of knowledge," said Jim Rakievich, President and CEO of McCoy. "The Board of Directors and I [Read more]
Delphi Energy Reports Financial and Operational Results for First Quarter 2013
CALGARY, ALBERTA--(Marketwired - May 15, 2013) - Delphi Energy Corp. ("Delphi" or the "Company") (DEE.TO) is pleased to announce its financial and operational results for the quarter ended March 31, 2013. First Quarter 2013 Highlights produced an average of 7,520 barrels of oil equivalent per day ("boe/d") despite production downtime at third-party facilities to the extent of approximately 700 boe/d; increased funds from operations by 49 percent for the quarter ended March 31, 2013, [Read more]
Marquee Energy announces first quarter results, increases production to 2,266 boe/d, increases oil and NGL weighting to 63%
CALGARY, May 15, 2013 /CNW/ - Marquee Energy Ltd. ("Marquee" or the "Company") (TSXV: "MQL") is pleased to announce its first quarter 2013 operating and financial results. ACHIEVEMENTS AND HIGHLIGHTS The Company achieved significant increases in both production and the oil and liquids proportion of production in the quarter. The Company's core Michichi and Lloydminster areas now represent 65% of total production, and 77% of total oil and liquids production, compared to 10% and 16% [Read more]