Gas Investing News

Candax Energy’s update

Researcher — Fri, 12 Mar 2010 01:46:58 +0000

Candax Energy Inc. (TSX:CAX) reported that the company has received the approval, by way of written consent in accordance with Subsection 604(d) of the Company Manual of the Toronto Stock Exchange, of a majority of its shareholders.

The press release is quoted as saying:

Candax Energy Inc. is an international energy company with its head office in Toronto and offices in London, Tunis, and Madagascar. The Candax group is engaged in exploration and the production of oil and gas and power generation in Tunisia and holds an interest in an exploration permit in Madagascar.

Click here to access the entire press release

Click here to access Candax Energy Corporate Site

Pengrowth Energy Trust Announces 2009 Year End Reserves

Researcher — Thu, 11 Mar 2010 04:44:13 +0000

Pengrowth Corporation, administrator of Pengrowth Energy Trust (TSX:PGF.UN) (NYSE:PGH) reported its 2009 year end reserves information.

The press release is quoted as saying:

The total reserves decreased from 323.5 million barrels of oil equivalent (mmboe) in 2008 to 295.7 mmboe in 2009. The key factors for this decline were a 48 percent reduction in development capital expenditures in 2009 versus 2008, and a prudent capital budget that only represented 38 percent of operating cash flow.

Click here to access the entire press release

Click here to access Pengrowth Energy Corporate Site

Talisman Energy Files Year End Disclosure Documents

Researcher — Tue, 09 Mar 2010 23:02:08 +0000

Talisman Energy Inc. (TSX:TLM) (NYSE:TLM) reported that the company has filed with Canadian securities authorities its audited Consolidated Financial Statements for the year ended December 31, 2009, with related Management’s Discussion and Analysis.

The press release is quoted as saying:

Talisman also filed its Annual Information Form for the year ended December 31, 2009, including disclosure and reports relating to reserves data and other oil and gas information pursuant to National Instrument 51-101. Talisman also filed its Annual Report on Form 40-F with the United States Securities and Exchange Commission for the year ended December 31, 2009.

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Click here to access Talisman Energy Corporate Site

Suncor Energy Files Annual Disclosure Documents

Researcher — Mon, 08 Mar 2010 20:17:03 +0000

Suncor Energy Inc. reports that it has filed its 2009 annual disclosure documents with Canadian provincial securities regulatory authorities and the United States Securities and Exchange Commission.

The press release is quoted as saying:

Suncor’s 2009 Annual Report contains the company’s audited consolidated financial statements and notes for the year ended December 31, 2009, and related management’s discussion and analysis. The Annual Information Form dated March 5, 2010 contains information about Suncor’s oil and gas activities, including crude oil and natural gas reserves data, the report of external qualified reserves evaluators, and the related report of company management and directors. Suncor’s 2010.

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Click here to access Suncor Energy Corporate Site

TransGlobe Energy Fourth Quarter 2009 Results

Researcher — Sat, 06 Mar 2010 05:14:29 +0000

TransGlobe Energy Corporation (TSX:TGL) (NASDAQ:TGA) reported its year-end and fourth quarter 2009 financial and operating results on Thursday, March 11, 2010 prior to the opening of the stock markets.

The press release is quoted as saying:

TransGlobe Energy Corporation is a Calgary-based, growth-oriented oil and gas exploration and development company focused on the Middle East/North Africa region with production operations in the Arab Republic of Egypt and the Republic of Yemen.

Click here to access the entire press release

Click here to access TransGlobe Corporate Site

Carrizo Oil & Gas reports Proved Reserves Increase 20%

Researcher — Thu, 04 Mar 2010 21:03:42 +0000

Carrizo Oil & Gas, Inc. (NASDAQ: CRZO) reported record year-end proved reserves and record production for the fourth quarter and full year 2009.

The press release is quoted as saying:

Carrizo Oil & Gas, Inc. is a Houston-based energy company actively engaged in the exploration, development, exploitation, and production of oil and natural gas primarily in the Barnett Shale in North Texas, the Marcellus Shale in Appalachia, and in proven onshore trends along the Texas and Louisiana Gulf Coast regions. Carrizo controls significant prospective acreage blocks and utilizes advanced drilling and completion technology along with sophisticated 3-D seismic techniques to identify potential oil and gas drilling opportunities and to optimize reserve recovery.

Click here to access the entire press release

Trilogy Energy’s corporate update

Researcher — Thu, 04 Mar 2010 00:36:37 +0000

Trilogy Energy Corp. (TSX:TET) reported that the company has filed with Canadian Securities authorities its audited Consolidated Financial Statements for the year ended December 31, 2009 and related Management’s Discussion & Analysis.

The press release is quoted as saying:

Trilogy is a petroleum and natural gas-focused Canadian energy corporation that actively acquires, develops, produces and sells natural gas, crude oil and natural gas liquids. Trilogy’s common shares are listed on the Toronto Stock Exchange under the symbol “TET”.

Click here to access the entire press release

Click here to access Trilogy Energy Corporate Site

Suroco Energy:Production Performance update

Researcher — Wed, 03 Mar 2010 02:58:13 +0000

Suroco Energy Inc. (TSX VENTURE:SRN) reported that the Pinuna 2 well, which is the second well in the Suroriente Block development drilling program commenced drilling on February 26.

The press release is quoted as saying:

The Pinuna 2 well is being drilled with San Antonio rig SAI 15, which is the same rig that was used to drill the Pinuna 5 well. The well is targeting the Villeta ‘T’ and Lower ‘U’ reservoirs and will be drilled to a total depth of 2,983 m. The well is being directionally drilled from the Pinuna 1 surface location, with a bottom hole location approximately 350 m. from the Pinuna 1 vertical well which is currently producing at 1,550 bbls/day (226 bbls/day net to the Corporation after royalty). The well is being drilled to maximize the recovery of reserves in a four-way dip closed feature which is partially separated from the Pinuna 1 feature.

Click here to access the entire press release

Click here to access Suroco Energy Corporate Site

Berens Energy Shares to Be De-Listed From the TSX

Researcher — Tue, 02 Mar 2010 03:14:33 +0000

PetroBakken Energy Ltd. (TSX:PBN) and Berens Energy Ltd. (TSX:BEN) confirmed that the common shares of Berens will be de-listed from the Toronto Stock Exchange at the close of business on Tuesday, March 2, 2010.

The press release is quoted as saying:

Berens Energy Ltd. is a junior oil and gas company that produces and explores for oil and gas in the Western Canadian Sedimentary Basin with its primary growth areas focused in the Pembina region.

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Gold to Natural Gas Ratio: What it means

Researcher — Sat, 27 Feb 2010 03:39:17 +0000

Financialsense reported on Gold to Natural Gas Ratio and what it could potentially mean:

Right now we have an extreme development in the natural gas market; natural gas prices have dropped to a multi year low and the oil to natural gas ratio and Gold to natural gas ratio are both trading in the extreme ranges. History illustrates that all extreme moves nearly always produce counter moves in the opposite direction which are just as strong if not stronger. In Feb 2009 we made the following statement to our subscribers in regard to the oil to Gold ratio.

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