FieldPoint Petroleum Provides Update for Well #3 in Lea County, New Mexico

FieldPoint Petroleum Corporation (FPP)  today provided an update on the production from its most recently completed well in Lea County, New Mexico.  

FieldPoint's Executive Chairman, Roger Bryant, stated, "Our drilling partner, Cimarex Energy Co. (XEC), has provided us with a progress report on our newest well, the East Lusk Federal 15 #3, in Lea County, New Mexico.  For the dates August 14 through August 20, the well averaged producing oil at 730 Bopd and natural gas at 569 Mcfpd.  Needless to say, we are very pleased with the way this well is performing at this point.  As we have done in the past, we will provide periodic updates on this well as it goes through this early stage production."

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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.

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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.

Highlights

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.

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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    

 

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