NF Energy Signs Energy Service Contract in Dongguan, China
NF Energy Saving Corporation. (NFEC) ("NF Energy" or the "Company"), a leading energy saving services and solutions provider for China's power, petrochemical, coal, metallurgy, construction, and municipal infrastructure development industries.
On August 13, 2013, the Guangdong division of the Company's wholly owned subsidiary Liaoning NF Energy signed an energy efficiency service contract with Dongguan Xianjia Plastic Products Company, a Xianhao International Group company, to retrofit 58 units of the client's injection molding machines (IMM). The project is expected to save energy by up to 40%. In addition, more than 60 units of IMM equipment are lined up for energy service at Xinhao Mold Plastic (Shenzhen) Co., Ltd.
Crew Energy Announces Second Quarter 2013 Financial and Operating Results
Crew Energy Inc. ("Crew" or the "Company") (TSX:CR) of Calgary, Alberta is pleased to present its operating and financial results for the three and six month period ended June 30, 2013.
HighlightsFunds from operations were $48.1 million or $0.40 per share, a 43% increase over the first quarter of 2013; Second quarter production averaged 27,109 boe per day or 4% higher than the 25,961 boe per day produced in the first quarter of 2013;
Bonnett's Energy Corp. reports Q2 2013 financial results and announces quarterly dividend
Bonnett's Energy Corp. (TSX:BT.TO ) ("Bonnett's" or the "Corporation") has released its Q2 2013 financial results.
Revenues for the three months ended June 30, 2013, were $17.7 million, an increase of $3.3 million, or 23%, over the comparable period of 2012. Colder temperatures in April allowed for continued movement of equipment and revenue generating activity during what would normally be a month of lower activity as part of the spring "break-up" period, generally accepted to be the beginning of April through early June. For the six months ended June 30, 2013, revenues were $51.1 million, an increase of $1.5 million or 3% over the comparable period of 2012.
BNK Petroleum Inc. Announces 2nd Quarter 2013 results
All amounts are in U.S. Dollars unless otherwise indicated:Second Quarter First Half 2013 2012 % 2013 2012 % Earnings (Loss): $ Thousands $(929) $(2,630) L $(6,249) $(6,150) L $ per common share $(0.01) $(0.02) L $(0.04) $(0.04) L assuming dilution Capital Expenditures $7,870 $12,142 (35%) $10,362 $22,901 (55%) Average Production (Boepd) 266 1,439 (82%) 966 1,547 (38%) Average Product Price per Barrel $43.83 $31.96 37% $35.96 $35.47 1% Average Netback per Barrel $16.52 $17.25 (4%) $18.57 $17.69 5% 6/30/2013 12/31/2012 6/30/2012 Cash and Cash Equivalents $90,454 $2,836 $16,348 Working Capital $90,494 $472 $17,406
TETRA Technologies, Inc. Announces Second Quarter 2013 Results And Updates Guidance
TETRA Technologies, Inc. (TETRA or the Company) (TTI) today announced second quarter 2013 results from continuing operations attributable to TETRA stockholders of a loss of $(0.04) per share compared to earnings of $0.15 per fully diluted share reported in the second quarter of 2012. These current quarter results include a pretax loss by our Maritech segment of $(23.7) million and $(2.0) million of pretax severance-related charges that aggregate to a net loss after tax of approximately $(0.22) per share, compared to $(1.1) million of acquisition related transaction costs and a pretax loss by the Maritech segment of $(8.6) million that aggregated to a net loss after tax of approximately $(0.08) per share in the second quarter of 2012.
Serinus Energy Inc.: Brunei-Lukut Updip Well Drilling Update
Serinus Energy Inc. ("Serinus", "SEN" or the "Company") (SEN.TO)(SEN.TO), an international upstream oil and gas exploration and production company, advises that the exploratory well on its Lukut Updip 1 prospect on Brunei Block L is drilling ahead after having set 95/8" intermediate casing. The Lukut Updip-1 ("LKU-1") well is operated by AED Southeast Asia Limited ("AED SEA") an indirect wholly-owned subsidiary of SEN.
The LKU-1 well, the first exploration well to be drilled during the Brunei Block L Phase 2 drilling campaign, is being drilled as a directional well with a planned measured depth of 2,959 metres (2,431 metres true vertical depth ("TVD")). The well commenced drilling in mid-June and drilled to a measured depth of 1,590 metres (1,372 metres TVD) prior to the running of 95/8" intermediate casing.
Athabasca Oil Corporation Reports Second Quarter 2013 Results
Athabasca Oil Corporation (TSX:ATH.TO) ("Athabasca" or "the Company") is pleased to report its second quarter 2013 results.
HighlightsCapital expenditures during the second quarter totalled $143 million, $92 million in the Thermal Oil Division and $48 million in the Light Oil Division and the remainder for corporate assets; Production in the second quarter averaged 7,258 barrels of oil equivalent per day ("boe/d"), with an average production of 8,552 boe/d for June; Average netback during the second quarter was $36.55 per barrel of oil equivalent;
Serinus Energy Inc.: Ukraine-NM-3 Well Tests Oil and Gas-Potentially Opening Up a New Play in the North Makeevskoye Exploration Licence
Serinus Energy Inc. (SEN.TO)(SEN.TO) (formerly Kulczyk Oil Ventures Inc. - "Serinus" or the "Company"), an international upstream oil and gas exploration and production company, is pleased to announce that an open hole test of the North Makeevskoye-3 ("NM-3") exploration well recovered oil and gas from Visean aged rock formations underlying the North Makeevskoye Exploration Licence.
The NM-3 well, the third well drilled on the North Makeevskoye Exploration Licence, is located 3 kilometres southeast of the North Makeevskoye-1 well. It is a deviated well which reached a total depth ("TD") of 2,426 metres (measured depth) after penetrating the metamorphic basement.
Energy XXI Provides Fiscal Year-End Reserves Estimates and Operations Update Proved reserves estimated at 179 MMBOE, up 50%, with a present value of $6.1 billion; proved plus probable reserves estimated at 232 MMBOE with a present value of $8.4 billion Reserve replacement rate approximated 390% organically, or 469% including acquisitions Horizontal drilling program records 82% success rate on first 11 wells Subsalt exploration program logs first discovery with 76 feet of net oil pay Fiscal 2014 capital program, at $660 million, expected to be within cash flow
Energy XXI (EXXI) (EXXI.L) today provided estimates of its fiscal 2013 year-end reserves and fiscal 2014 capital program, as well as an operations update, including production and recent exploration and development results.
Bellatrix announces the closing of a $122 million joint venture in the Notikewin/Falher in the Willesden Green area and in the Cardium in the Brazeau area
Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE MKT: BXE) is pleased to announce it has closed a joint venture (the "Joint Venture") with Grafton Energy Co I Ltd. ("Grafton"), to accelerate development on a portion of Bellatrix's extensive undeveloped land holdings. The Joint Venture is in Willesden Green and Brazeau areas of West-Central Alberta. Under the terms of the agreement, Grafton will contribute 82%, or $100 million, to the $122 million Joint Venture to participate in an expected 29 Notikewin/Falher and Cardium well program. Under the agreement, Grafton will earn 54% of Bellatrix's working interest in each well drilled in the well program until payout (being recovery of Grafton's capital investment plus an 8% return on investment) on the total program, reverting to 33% of Bellatrix's working interest ("WI") after payout.
Hanwha SolarOne's Subsidiary Obtains Three-Year US$100 Million Term-Loan Facility
Hanwha SolarOne Co., Ltd. ("SolarOne" or the "Company") (HSOL), a vertically integrated manufacturer of silicon ingots, wafers, and photovoltaic ("PV") cells and modules in China, today announced that its wholly-owned subsidiary Hanwha SolarOne (Qidong) Co., Ltd., has secured a three-year US$100 million term loan facility (the "Loan") from the Export-Import Bank of Korea (KEXIM). The loan will mature on June 25, 2016 with payment of principal to be made at maturity. The interest rate floats with the three-month LIBOR, plus 1.99 % per annum. The loan proceeds will be used primarily for working capital purposes.
Real Goods Solar Selected by St. Albans Solar Partners to Deploy 2.2 MW Solar Farm, the Largest Solar Power System in Vermont
Solar Farm to Offset More Than 123 Million Pounds of CO2 Emissions Over 20 Years
June 26, 2013 - RGS Energy, the commercial and utility division of Real Goods Solar, Inc. (RSOL), has been selected by St. Albans Solar Partners, LLC, to deploy a new 2.2 megawatt solar farm in Saint Albans, the largest PV system in Vermont.
RGS Energy will design, install, monitor and maintain the solar power system. Construction for the project is expected to begin next month and scheduled to be completed by November.
Mart Announces $0.05 Per Common Share Dividend and Finalization of US$100 Million Secured Term Loan
Mart Announces $0.05 Per Common Share Dividend and Finalization of US$100 Million Secured Term Loan Facility - Mart announces declaration of a quarterly dividend of $0.05 per common share. The dividend is payable on July 18, 2013 to shareholders of record at the close of business on July 10, 2013. The ex-dividend date is July 16, 2013. - Mart has satisfied drawdown conditions in respect of a US$100 million secured term loan facility with Guaranty Trust Bank PLC to fund development activities on the Umusadege field, construction of the Umugini pipeline and provide working capital as required. Mart Resources, Inc. (TSX VENTURE:MMT) ("Mart" or the "Company") is pleased to make the following announcements.
Emerald Oil, Inc. Operations Update
Emerald Oil, Inc. (NYSE MKT: EOX) ("Emerald" or the "Company") today announced its results for recently completed operated wells and an update on well development.
HighlightsEmerald's second operated Bakken well (Arsenal 1-17-20H) produced 22,558 barrels of oil equivalent (BOE) during the first 30 days of production or an average of 761 barrels of equivalent per day (BOEPD) with an initial peak 24 hour rate of 1,638 BOEPD. Emerald's third operated Bakken well (Caper 1-15-22H) produced 16,137 BOE during the first 11 days of production or an average of 1,543 BOEPD with an initial peak 24 hour rate of 2,063 BOEPD; this production rate currently exceeds the initial results of the Pirate well.
Calfrac announces dividend
Calfrac Well Services Ltd. ("Calfrac") (TSX-CFW) is pleased to announce that its Board of Directors has declared a dividend pursuant to its quarterly dividend policy. The dividend of $0.25 per common share will be paid on July 15, 2013 to shareholders of record on June 28, 2013.
Calfrac's common shares are publicly traded on the Toronto Stock Exchange under the trading symbol "CFW". Calfrac provides specialized oilfield services to exploration and production companies designed to increase the production of hydrocarbons from wells drilled throughout western Canada, the United States, Russia, Mexico, Colombia and Argentina.
Synergy Resources Corporation Announces Pricing of Upsized Public Offering of Common Stock
Synergy Resources Corporation (NYSE MKT: SYRG) ("Synergy" or the "Company") announced today that it has priced an upsized underwritten public offering of 11,500,000 shares of the Company's common stock at $6.25 per share. The Company has granted the underwriters a 30-day option to purchase up to an additional 1,725,000 shares of common stock. The Company intends to use the net proceeds from this offering, along with cash on hand, to fund a portion of its 18-month drilling and development budget and additional leasehold acquisition in the Wattenberg Field. Any remaining net proceeds will be used for corporate purposes, including working capital. The offering is expected to settle on June 19, 2013 subject to the satisfaction of customary closing conditions.
Lundin Petroleum Awarded One Licence in the 22nd Norwegian Licensing Round
Lundin Petroleum AB (TSX:LUP)(OMX:LUPE) is pleased to announce that its wholly owned subsidiary Lundin Norway AS (Lundin Norway) has been awarded one exploration licence in the 22 nd licensing round.
The awarded licence, PL708, is located in the south eastern Barents Sea. Lundin Norway will be operator with a licence interest of 40 percent. Partners are Edison, North Energy and Lukoil with 20 percent licence interest respectively.
Lundin Petroleum is a Swedish independent oil and gas exploration and production company with a well balanced portfolio of world-class assets primarily located in Europe and South East Asia.
PetroFrontier Corp. announces Statoil to fully fund a US$50 million 2013/2014 exploration program in the Southern Georgina Basin
PetroFrontier Corp. ("PetroFrontier") is pleased to announce that it has agreed to amend the existing farmin agreement with Statoil Australia Oil & Gas AS ("Statoil") whereby Statoil has committed to spend the next US$50 million throughout the remainder of 2013 and 2014 to fully fund up to a 385 km 2D seismic program and the drilling and stimulation of four to six vertical test wells (the "Amended Farmin Agreement").
North American Energy Partners Reaches Agreement to Sell Piling Business and Announces Fiscal Year 2013 Results
North American Energy Partners Inc. ("NAEP" or "the Company") (NOA.TO)(NOA) today announced it has reached an agreement to sell its Piling businesses and announced its financial results for the year and three months ended March 31, 2013.
The Company has prepared its consolidated financial statements in accordance with accounting principles generally accepted in the United States (US GAAP). Except where otherwise specifically indicated, all dollar amounts are expressed in Canadian dollars.
Petromanas updates Albanian exploration activities
Petromanas Energy Inc. ("Petromanas", or the "Company") (TSXV:PMI.V ) today provided an update on current and planned exploration initiatives onshore Albania.
Albania Blocks 2-3
The Shpirag-2 well continues to drill ahead in the target carbonate reservoir at a depth of approximately 5,500 metres. Petromanas intends to drill the well to a target depth of approximately 5,800 metres.
The Company today also announced it has received notification that the Albanian government has approved construction permits for road and lease construction at the Molisht-1 drilling location and two other drilling locations located along the Shpirag structure in Blocks 2-3.
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