In The News / Week Ending February 21, 2003 - Part 1 of 2
CANADIAN COMPANIES
APF Energy Trust announces monthly distribution. newswire.ca
ARC Energy Trust announces the filing of a final short form prospectus in all provinces of Canada relating to the previously announced offering of 11,000,000 trust units. newswire.ca
ARC Energy Trust announces cash distribution newswire.ca
Acclaim Energy Trust announces cash distribution newswire.ca
Advantage Energy Income Fund announces its unaudited operating and financial results for the fourth quarter. biz.yahoo.com
Advantage Energy Income Fund announces that the cash distribution. newswire.ca
Antrim Energy reports that the drilling operations to deepen the Chott Fejaj #3A well in Tunisia have been completed. www2.cdn-news.com
Arbour Energy Inc. announces its well Arbour Lochend 11-32-028-03W5M has reached its targeted depth. Well evaluation results are inconclusive. Arbour will be conducting additional drilling and testing operations with the well during the next few weeks. www2.cdn-news.com
Arlington Oil & Gas Ltd. announces that its Board of Directors has decided to consolidate its issued and outstanding common shares on the basis of four existing shares for one new share and change the name of the company to "Cypress Hills Resource Corp.". www2.cdn-news.com
Aspen Exploration Corporation announces increased revenues related to gas operations in California. www2.cdn-news.com
Atlas Energy Ltd. 2002 yearend reserve and undeveloped land evaluations. newswire.ca
Bison Resources Ltd. announces that it has completed the first five wells in its 2003 drilling program achieving better than anticipated results. www2.cdn-news.com
BlackRock Ventures Inc. provides an update of its heavy oil discovery at Seal, Alberta. newswire.ca
Brownstone Resources Inc.'s results for the six months ended December 31. newswire.ca
Burmis Energy Inc., a newly incorporated Canadian-based emerging junior oil and gas exploration and production company, updates its corporate activities. www2.cdn-news.com
CCS Inc. announces the company has commenced operations at its previously announced Rainbow Lake, Alberta, treatment, recovery and disposal ("TRD") facility. The completion of the Rainbow Lake facility is the first of several expansion projects currently under construction by the company. biz.yahoo.com
CCS Income Trust announces cash distribution www2.cdn-news.com
Canadian 88 Energy Corp. advises that the Alberta Energy and Utilities Board (EUB) issued their decision on the BP Canada Energy Company rateable take application regarding the Blackstone Beaverhill Lake A Pool (Decision 2003- 016). The application effectively requested that the EUB restrict Canadian 88's Blackstone production. newswire.ca
Canoro Resources Ltd. announces that holders of 90% of its 10% convertible debentures, totalling $900,000, have elected to convert their debentures to common shares www2.cdn-news.com
Case Resources Inc. announces the TSX Exchange has accepted its Notice of Intention to Make a Normal Course Issuer Bid. www2.cdn-news.com
Clear Energy Inc. announces it has finished drilling a three well shallow gas exploration pilot project in Saskatchewan. newswire.ca
Canoro Resources Ltd. announces the final closing of its previously announced short form offering brokered on a best-efforts basis by First Associates Investments Inc. www2.cdn-news.com
Crescent Point Energy Ltd. announced that the company has finalized its year end 2002 reserves with Gilbert Lausten Jung and Crescent Point's external engineers. newswire.ca
Defiant Energy Corporation announces results of the evaluation of corporate reserves carried out by Sproule Associates Limited, independent geological and petroleum engineering consultants for the year ended December 31, 2002. www2.cdn-news.com
Dynamic Oil & Gas, Inc. announces the exercise of an option to repurchase certain assets in the Company's St. Albert field in Alberta and an update of its natural gas exploration activity in the Sikanni area of northeastern British Columbia. www2.cdn-news.com
EnCana Corporation earns pro forma $1.254 billion, or $2.59 per common share diluted, in 2002 and generated pro forma $4.211 billion of cash flow, or $8.71 per common share diluted. newswire.ca
First Calgary Petroleums Ltd. announces the appointment of Mr. Yuri K. Shafranik to the Board effective immediately. newswire.ca
Flowing Energy Corporation announces that, subject to regulatory approval, it has appointed Jed Wood to the Board of Directors. www2.cdn-news.com
Focus Energy Trust announces monthly cash distribution newswire.ca
Freehold Royalty Trust announces its financial and operating results for the fourth quarter and year ended December 31, 2002. www2.cdn-news.com
GEOCAN Energy Inc, together with its working interest partners, have successfully challenged, by appeal, a previously approved transfer of the Breclav Exploration Licence. In a final decision issued by the Czech Minister of the Environment, the previous approval of the transfer by Ceska Naftarska Spolecnost has been overruled. newswire.ca
Harvest Energy Trust announces cash distribution. newswire.ca
IEI Energy Inc. and Rider Resources Inc. announced that the shareholders of Rider approved the plan of arrangement with IEI. www2.cdn-news.com
Infiniti Resources International Ltd. announces that drilling of a step-out well has commenced in the Chime (Kakwa) area of the Alberta Deep Basin. www2.cdn-news.com
Invader Exploration Inc. announces year-end results www2.cdn-news.com
Kick Energy Corporation announces reduced targeted production rates from its Brazeau Nisku "T" pool for the year. www2.cdn-news.com
Koch Petroleum Canada, L.P. has releases its 2003 Petroleum and Natural Gas Property Offering, which consists of four gas and oil property packages. newswire.ca
Kroes Energy Inc. announces that it has granted incentive options to nine directors, officers and employees of the Company. www2.cdn-news.com
Loon Energy Inc. has entered into a series of agreements under which it will acquire a 35% joint venture interest in certain oil and gas bearing lands in Slovenia. APA Petroleum Engineering Inc., a third party engineering firm located in Calgary, Alberta, Canada, have been retained to prepare an engineering appraisal of the proven and probable oil and gas reserves associated with the project. www2.cdn-news.com
Mullen Transportation Inc. reports its financial and operating results for the period ending December 31, 2002 newswire.ca
Mustang Resources Inc. announces initial drilling success in the company's Central Alberta core area. newswire.ca
Nexen Inc. announces that its Executive Vice President and CFO, Marvin Romanow will present at the following investor conferences. biz.yahoo.com
NAL Oil & Gas Trust Reports Strong Fourth Quarter Results newswire.ca
NAL Oil & Gas Trust announces that of the $1.40 per unit in cash distributions paid in 2002, $0.67232 was a return of capital and $0.72768 was taxable income. newswire.ca
NAL Oil & Gas Trust Increases Distribution Level For Next Three Months newswire.ca
NCE Petrofund announces the disposition of oil and gas properties for net proceeds of $23.8 million. www2.cdn-news.com
Niko Resources Ltd. announced it has completed testing of NS-4, the sixth well drilled on the Company's Surat Block in onshore India. www2.cdn-news.com
Niko Resources Ltd. announces its financial results for the three and nine months ended December 31, 2002. www2.cdn-news.com
Oromin Explorations Ltd. reports that Havana Group Inc., which has the right to acquire a 50% interest in Oromin's Santa Rosa Property, announced today that it is to become Surge Global Energy Inc. www2.cdn-news.com
Pacific Amber Resources Ltd. announces that the company has entered into an agreement, subject to regulatory approval, for the acquisition of certain oil and gas properties located in the Wood River Area of Alberta www2.cdn-news.com
It has recently been reported that Petro-Canada has discussed the company's potential to reach certain production levels by 2007. Petro-Canada does not provide production guidance beyond one year. newswire.ca
Pengrowth Energy Trust announces cash distribution. newswire.ca
PrimeWest Energy Trust announced financial and operating results for the fourth quarter and the year-ended December 31, 2002. newswire.ca
Purcell Energy Ltd. announces private placement, 1,000,000 common shares at $2.90 per share for gross proceeds of $2.9 million to fund the following activity. www2.cdn-news.com
Range Energy Inc. announces that it has reached an agreement with respect to the settlement of a portion of the debt owed by it to Terragrande Energy. www2.cdn-news.com
Resolution Resources Ltd. grants options to acquire 330,000 Common Shares at a price of $0.45 per common share to directors and officers. www2.cdn-news.com
Result Energy Inc. updates exploration activity www2.cdn-news.com
Rocky Mountain Energy Corp. announces continued success in the Princess area. Production numbers have recently surpassed the 2000 bbl/day milestone. biz.yahoo.com
Rocky Old Man Energy Inc. announces revenues for the period ending January 31, 2003 www2.cdn-news.com
Seventh Energy Ltd. releases the results of its independent reserve evaluation prepared by Sproule Associates Limited www2.cdn-news.com
Shiningbank Energy Income Fund announces first monthly distribution since changing from quarterly distributions. www2.cdn-news.com
Tartan Energy Inc. announces that it spudded the Silver Oak No. 1 well on February 10th and reached the first casing point at a depth of 1,700'. This well is targeting the Medium Temblor, Carneros and Bloemer/Belridge 64 sands on Tartan's Lost Hills property, which is part of the Participation Agreement with a private Delaware, USA based company. newswire.ca
Technicoil is intending to issue 1,095,000 stock options to employees (700,000 to insiders). www2.cdn-news.com
Thunder Energy Inc. releases its updated market guidance for 2003. Thunder is projecting substantial growth in natural gas production, a moderate increase in oil and NGLs production, and a major increase in drilling activity in 2003. These factors, together with higher commodity prices, are expected to significantly increase 2003 cash flow and earnings. www2.cdn-news.com
TUSK Energy Inc. continues to expand its production, cash flow and cash flow per share during the fourth quarter of 2002. www2.cdn-news.com
Ultima Energy Trust announces February distribution, payable March 17, 2003 www2.cdn-news.com
Vermilion Energy Trust announces first cash distribution newswire.ca |