Petrowest Corporation Announces Second Quarter 2014 Financial Results

CALGARY, Aug. 13, 2014 /CNW/ - Petrowest Corporation ("Petrowest") (TSX:PRW.TO ) announced today its consolidated financial results for the three and six month periods ended June 30, 2014.

Rick Quigley, Chief Executive Officer, stated that "the financial results for the second quarter have historically been the weakest quarter of the year due to seasonal conditions.  However, despite these conditions and the fact that road bans came off later in the year compared to the prior year, the Company still managed to generate revenues of $55.4 million for the quarter, an increase of $6.1 million over the second quarter of 2013.  Adjusted EBITDA came in at $3.0 million for the quarter, a decrease from the $4.1 million in the second quarter of 2013.

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RMP Energy Announces a New Record Level of Quarterly Cash Flow and Earnings and an Expanded Capital Budget with Increased Cash Flow Guidance

CALGARY, ALBERTA--(Marketwired - Aug 12, 2014) - RMP Energy Inc. ("RMP" or the "Company") (RMP.TO) is pleased to announce exceptional financial and operating results for the three months ended June 30, 2014 including record levels of funds from operations of $48.4 million ($0.40 per basic share), net earnings of $18.3 million and average daily production of 12,437 barrels of oil equivalent (57% light oil and NGLs weighted). Detailed second quarter and six month results are as follows:

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Secure Announces Solid Second Quarter Results and an Increased 2014 Capital Budget to $275 Million

CALGARY, ALBERTA--( Aug 12, 2014) - Secure Energy Services Inc. ("Secure" or the "Corporation") (SES.TO) today announced financial and operational results for the three and six months ended June 30, 2014. The following should be read in conjunction with the management's discussion and analysis ("MD&A"), the condensed consolidated financial statements and notes of Secure which are available on SEDAR at www.sedar.com.

FINANCIAL AND OPERATIONAL HIGHLIGHTS FOR THE SECOND QUARTER ENDED JUNE 30, 2014

Due to the late onset of spring break-up and the prolonged winter drilling season, activity levels were at record highs for the second quarter in all three divisions that allowed Secure to deliver exceptional results. EBITDA increased 185% and net earnings increased 376%, compared to the second quarter of 2013.

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Tamarack Valley Energy Ltd. Announces Record Second Quarter Financial and Operating Results and an Increase in Guidance

CALGARY, ALBERTA--( Aug 11, 2014) - Tamarack Valley Energy Ltd. (TSX VENTURE:TVE) ("Tamarack" or the "Company") is pleased to announce record quarterly cash flow from operations and production results. With the success of Tamarack's first half drilling program, well results being ahead of budget, and the strength of cash flow the Company has increased the 2014 capital program by $24 million to $116 million resulting in a 12% increase to exit guidance and a 6% increase to the second half 2014 production guidance.

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Gastar Exploration Inc. Reports Second Quarter 2014 Results

- Liquids as a percentage of production grow to 48%
- 19 Mid-Continent Hunton wells completed or in progress during 2Q
- First Utica/Point Pleasant well fracture stimulated

HOUSTON, Aug. 7, 2014 -- Gastar Exploration Inc. (NYSE MKT: GST) ("Gastar") today reported financial and operating results for the three and six months ended June 30, 2014.

Net income attributable to Gastar's common stockholders for the second quarter of 2014 was $2.0 million, or $0.03 per diluted share.  Excluding the impact of a $5.4 million loss resulting from the mark-to-market of outstanding hedge positions, adjusted net income attributable to common stockholders was $7.5 million, or $0.12 per diluted share.  Second quarter 2014 net income and adjusted net income include a net benefit of $8.6 million, or $0.14 per diluted share, related to an arbitration settlement.

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