CALGARY, ALBERTA--(Marketwired - May 14, 2015) - RMP Energy Inc. ("RMP" or the "Company") (TSX:RMP) is pleased to report for the three months ended March 31, 2015 funds from operations of $25.6 million ($0.21 per basic share) on realized revenue of $42.3 million and average daily production of 12,245 barrels of oil equivalent, weighted 47% light oil and NGLs. Detailed first quarter results are as follows: Financial Stats Quarterly Summary (thousands except share and per boe [Read more]
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Tamarack Valley Energy Ltd. Announces Acquisition of Wilson Creek Cardium Assets, $70 Million Bought Deal Financing and Increased 2015 Guidance
CALGARY, ALBERTA--(Marketwired - May 14, 2015) - Tamarack Valley Energy Ltd. (TSX VENTURE:TVE) ("Tamarack" or the "Company") is pleased to announce that it has entered into three separate binding purchase and sale agreements with three industry majors (the "Vendors") to acquire certain assets located in the greater Wilson Creek area of Alberta, contiguous with Tamarack's existing Cardium interests in Wilson Creek for total aggregate cash consideration of approximately $54 million (the [Read more]
Legacy Oil + Gas Inc. Announces First Quarter 2015 Results and Renewal of Credit Facilities
CALGARY, May 13, 2015 /CNW/ - Legacy Oil + Gas Inc. ("Legacy" or the "Company") (TSX:LEG) is pleased to announce it has filed on SEDAR its audited financial statements and related Management's Discussion and Analysis ("MD&A") for the three months ended March 31, 2015. Selected financial and operational information is outlined below and should be read in conjunction with Legacy's audited financial statements and the related MD&A which are available for review at www.legacyoilandgas.com [Read more]
Twin Butte Energy Announces Record First Quarter Funds Flow, Progress on Transition to Higher Value Asset Base
CALGARY, May 13, 2015 /CNW/ - (TSX: TBE) – Twin Butte Energy Ltd. ("Twin Butte" or the "Company") is pleased to report its financial and operational results for the three months ended March 31, 2015. Highlights of Twin Butte's successful first quarter 2015 are as follows: Generated record funds flow of $55.4 million ($0.16/share). Continued the transition to a medium gravity, oil-focused producer with medium barrels accounting for 50% of oil production in the first quarter. Reduced [Read more]
Surge Energy Inc. Announces Record First Quarter Production
CALGARY, May 12, 2015 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) announces record operating results for the three month period ended March 31, 2015. Surge reports record average production of 20,585 boe per day in the first quarter of 2015 on a significantly reduced capital expenditure program. These record results were also achieved despite the sale of over 500 boepd of non-core Viking production in SW Saskatchewan during the quarter. FINANCIAL AND OPERATING [Read more]
Traverse Energy Announces 2015 First Quarter Results
CALGARY, ALBERTA--(Marketwired - May 11, 2015) - Traverse Energy Ltd. ("Traverse" or "the Company") (TSX VENTURE:TVL) presents financial and operating results for the three months ended March 31, 2015. Three Months Ended Highlights (unaudited) March 31, 2015 December 31, 2014 March 31, 2014 Financial ($ thousands, except per share amounts) Petroleum and natural gas [Read more]
Seven Generations Energy's First Quarter Cash Flow up 60 Percent
Production increases 141 percent to 48,800 boe/d; drilling and completion costs improving TSX: VII CALGARY, May 4, 2015 /CNW/ - Seven Generations Energy Ltd. (7G or the Company) generated a 60 percent increase in cash flow and a 141 percent increase in production in the first quarter, as compared to the same period of 2014. "Our financial and operating performance during our first full quarter as a public company provides additional testament to how our low-cost production and field [Read more]
ARC Resources Ltd. Reports Record First Quarter Production
CALGARY, April 29, 2015 /CNW/ - (ARX - TSX) ARC Resources Ltd. ("ARC") is pleased to report its first quarter 2015 operating and financial results. First quarter production averaged a record 120,354 boe per day and funds from operations were $191.5 million ($0.57 per share). ARC's unaudited Condensed Interim Consolidated Financial Statements and Notes, as well as ARC's Management's Discussion and Analysis ("MD&A") for the three months ended March 31, 2015 and 2014, are available on ARC's [Read more]
Tourmaline Achieves Record Production in the First Quarter as Strong Well Results Continue
CALGARY, AB--(Marketwired - April 29, 2015) - Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline" or the "Company") is pleased to announce record production results for the first quarter of 2015. HIGHLIGHTS Record average production of 143,725 boepd in the first quarter of 2015, up 40% over first quarter of 2014, and 10% over the prior quarter. Record average oil and condensate production of 10,805 bpd and 7,830 bpd of NGLs or 13% of total corporate production in Q1 2015. Liquids production [Read more]
Leucrotta Exploration Announces Q4 2014 Financial and Operating Results
CALGARY, ALBERTA--(Marketwired - April 29, 2015) - LEUCROTTA EXPLORATION INC. (TSX VENTURE:LXE) ("Leucrotta" or the "Company") is pleased to announce its financial and operating results for the three months and year ended December 31, 2014. All dollar figures are Canadian dollars unless otherwise noted. HIGHLIGHTS Commenced active oil and natural gas operations on August 6, 2014 as a result of the closing of an arrangement agreement between Leucrotta, Crocotta Energy Inc. ("Crocotta") and [Read more]
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