CALGARY, May 9, 2013 /CNW/ - Marquee Energy Ltd. ("Marquee" or the "Company") (TSXV: "MQL") is pleased to provide an operations update on its core Michichi area. The results from the Company's latest round of drilling started in Q4-2012 demonstrate the significant advancement in the Company's knowledge of the area. The Company is also pleased to announce that its board of directors has approved the adoption of an advance notice by-law on May 9, 2013. Michichi Early in Q4-2012 Marquee [Read more]
Headlines
Lone Pine Resources Announces First Quarter 2013 Results
CALGARY, ALBERTA--(Marketwired - May 9, 2013) - Lone Pine Resources Inc. ("Lone Pine" or the "Company") (LPR) (LPR.TO) today announced financial and operational results for the first quarter of 2013. Selected highlights for the first quarter of 2013 include: Average net sales volumes of 49.4 MMcfe/d with oil and NGLs weighting of 35% Oil and NGLs net sales volumes of 2,845 bbls/d Adjusted EBITDA of $11.3 million Invested $31.8 million in the quarter, which included drilling 8 gross [Read more]
Paramount Resources Ltd. Announces Common Share Offering and Increase to 2013 Capital Expenditure Program
CALGARY, ALBERTA--(Marketwired - May 9, 2013) - NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES Paramount Resources Ltd. (POU.TO) ("Paramount") has entered into an agreement to sell to a syndicate of underwriters led by BMO Capital Markets, on a bought deal basis, 3,500,000 Class A Common Shares to be issued at a price of $37.50 per share for gross proceeds of $131,250,000. In addition, the underwriters will also have an over-allotment option for 15% [Read more]
Shoreline Energy Corp. Announces Closing of the Second Tranche of Its Previously Announced Flow-Through Brokered Private Placement Financing
CALGARY, ALBERTA--(Marketwired - May 9, 2013) - NOT FOR DISTRIBUTION IN THE UNITED STATES. Shoreline Energy Corp. (SEQ.TO) ("Shoreline" or the "Corporation") is pleased to announce that it has closed the second tranche of its previously announced brokered private placement financing (the "Financing"), resulting in gross proceeds to Shoreline of $750,000 through the issuance of 187,500 common shares of the Corporation, issued on a "flow-through" basis pursuant to the Income Tax Act (Canada) [Read more]
Natural gas storage builds 88 Bcf, in-line with estimates
Working gas in storage was 1,865 Bcf as of Friday, April 26, according to EIA estimates. This represents a change of +88 Bcf; in-line with estimates of ~+89 Bcf. [table] [attr style="width: 25%"]`[attr style="width: 25%"]May 3`[attr style="width: 25%"]April 26`[attr style="width: 25%"]Change East`756`704`+52 West`344`339`+5 Producing`765`734`+31 Total`1,865`1,777`+88 [/table] Source: EIA [Read more]
Sure Energy Announces First Quarter 2013 Financial and Operating Results
CALGARY, ALBERTA--(Marketwired - May 9, 2013) - Sure Energy Inc. ("Sure Energy" or the "Company") (SHR.TO) today announced its financial and operating results for the quarter ended March 31, 2013. The Company's MD&A, Financial Statements and Notes, and AIF can be viewed or downloaded atwww.sureenergyinc.com or www.sedar.com. During the first quarter of 2013, Sure Energy accomplished the following: Secured all approvals and permits to modify its battery and add water disposal at its [Read more]
Whitecap announces increase to credit facilities
CALGARY, May 9, 2013 /CNW/ - Whitecap Resources Inc. ("Whitecap", "we", "our" or the "Company") (TSX:WCP.TO) is pleased to announce that based on the annual borrowing base review, our lenders have agreed to increase our credit facility 16 percent to $520 million from the previous $450 million. The increase does not include our recent Dodsland Viking light oil acquisition announced on April 29, 2013 and reflects the high quality nature of our assets and their ability to generate considerable cash [Read more]
Crescent Point Energy Corp. Announces First Quarter 2013 Results and Upwardly Revised 2013 Production Guidance and Capital Expenditures
CALGARY, ALBERTA--(Marketwired - May 9, 2013) - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (CPG.TO) is pleased to announce its operating and financial results for the quarter ended March 31, 2013. The Company also announces that its unaudited financial statements and management's discussion and analysis for the quarter ended March 31, 2013, will be available on the System for Electronic Document Analysis and Retrieval ("SEDAR") at www.sedar.comand on Crescent Point's website [Read more]
Baytex Reports First Quarter 2013 Results
CALGARY, ALBERTA--(Marketwired - May 9, 2013) - Baytex Energy Corp. ("Baytex") (BTE.TO) (BTE) reports its operating and financial results for the three months ended March 31, 2013 (all amounts are in Canadian dollars unless otherwise noted). Commenting on the results, James Bowzer, President and Chief Executive Officer of Baytex, said "Our operational execution remains on track. Production during the first quarter was consistent with our expectations and previous guidance and our 2013 [Read more]
Crocotta Energy Inc.: Q1 2013 Financial and Operating Results
CALGARY, ALBERTA--(Marketwired - May 9, 2013) -CROCOTTA ENERGY INC. (CTA.TO) is pleased to announce its financial and operating results for the three months ended March 31, 2013, including condensed interim consolidated financial statements, notes to the condensed interim consolidated financial statements, and Management's Discussion and Analysis. All dollar figures are Canadian dollars unless otherwise noted. HIGHLIGHTS Increased production 31% to 8,836 boe/d in Q1 2013 from 6,752 boe/d [Read more]