Funds Dedicated to New 2014 Woodrush Drilling VANCOUVER, British Columbia--(BUSINESS WIRE)--Dejour Energy Inc. (NYSE MKT:DEJ / TSX:DEJ), (“Dejour” or the “Company”), an independent oil and gas exploration and production company operating in North America’s Piceance Basin and Peace River Arch regions, today announced that it has closed the equity financing offering previously announced on August 11, 2014, receiving net proceeds of US$1.5 million from three institutional investors to [Read more]
Dejour Secures US$1.5 Million for Woodrush Development
Multi-Well Program Expected to Add Production in 2014 VANCOUVER, British Columbia--(BUSINESS WIRE)--Dejour Energy Inc. (NYSE MKT:DEJ / TSX:DEJ), (“Dejour” or the “Company”), an independent oil and gas exploration and production company operating in North America’s Piceance Basin and Peace River Arch regions, today announced that it has entered into subscription agreements for an equity financing that will result in gross proceeds of US$1.5 million with three institutional investors to [Read more]
Dejour Reports $730,000 Net Income for Q2 2014
33% Increase in Daily Production, 56% Reduction in Secured Debt VANCOUVER, British Columbia--(BUSINESS WIRE)--Dejour Energy Inc. (NYSE MKT:DEJ / TSX:DEJ) (“Dejour” or the “Company”), an independent oil and gas exploration and production company operating in North America’s Piceance Basin and Peace River Arch regions, today announced its financial results for the three and six month periods ended June 30, 2014. The Company generated net income of $730,000 for the three months ended June [Read more]
Kinder Morgan to Expand the Edmonton Crude Oil Rail Terminal Now under Construction
Future potential capacity could total up to 250,000 barrels of crude oil per day HOUSTON--(BUSINESS WIRE)--Kinder Morgan Energy Partners L.P. (NYSE: KMP) today announced that its 50-50 joint venture with Imperial Oil Limited (TSX: IMO) has entered into additional firm take or pay agreements with strong, credit worthy oil company majors sufficient to allow a planned expansion project to move forward by adding incremental capacity of 110,000 barrels per day (bpd) at the Edmonton Rail [Read more]
Octagon 88 Resources Announces Bluesky Gething Horizontal Leg Completed
ZUG, Switzerland--(BUSINESS WIRE)--Octagon 88 Resources Inc., (OCTX) is pleased to announce that since the company’s last operation update the operator has moved forward with drilling activity to move to primary production on the recently spudded Bluesky Gething well. The first horizontal lateral from the well pad targeting the initial primary production zone in the Bluesky Gething pay zone has now been completed. The horizontal portion was drilled 1050 meters into the pay zone. Octagon 88 [Read more]
Jupiter Resources Inc. Announces Proposed Private Offering of US$1.125 Billion Senior Notes Due 2022 and New Reserve-Based Revolving Credit Facility
CALGARY, Alberta--(BUSINESS WIRE)--Jupiter Resources Inc. (“Jupiter”) announced today that it intends, subject to market and other conditions, to offer US$1,125,000,000 aggregate principal amount of its Senior Notes due 2022 (the “Notes”) to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and to certain non-U.S. persons in accordance with Regulation S under the Securities Act. Jupiter expects to use the net proceeds from [Read more]
Dejour’s 2014 Drill Operations Commence at Kokopelli
VANCOUVER, British Columbia--(BUSINESS WIRE)--Dejour Energy Inc. (NYSE MKT:DEJ / TSX:DEJ) (“Dejour” or the “Company”), an independent oil and natural gas exploration and production company operating in North America's Piceance Basin and Peace River Arch regions, today announced that 2014 development operations are underway on its previously reported Kokopelli joint venture (the “Kokopelli Project”). The drill program for 2014 is focused on developing additional production from the liquids-rich [Read more]
Octagon 88 Resources Announces Spudding Of First Horizontal Production Well
ZUG, Switzerland--(BUSINESS WIRE)--Octagon 88 Resources Inc., (OTCBB:OCTX) is pleased to announce that the first horizontal production well 13-24-091-22W5 on the Bluesky Gething formation has been spudded successfully. The Manning Projects Operator reports: “The first horizontal production well 13-24-091-22W5 was successfully spudded on Saturday, July 12, 2014, 12:13 MST time.” Octagon 88 Resources Inc. is a development stage oil and gas company that has acquired light and conventional [Read more]
Jupiter Resources to Acquire Encana’s Bighorn Assets
CALGARY, Alberta & NEW YORK--(BUSINESS WIRE)--Jupiter Resources Inc. (“Jupiter Resources”) announced today that it has agreed to acquire Encana’s Bighorn assets in the Alberta Deep Basin for CAD$2.0 billion (before closing adjustments). These properties include approximately 360,000 net acres of land and first quarter production of 319 mmcfe/d (after royalties) of liquids-rich natural gas. The transaction is subject to satisfaction of normal closing conditions, as well as regulatory [Read more]
Octagon 88 Resources Announces Confirmation Of First Horizontal Production Well Drill License
ZUG, Switzerland--(BUSINESS WIRE)--Octagon 88 Resources Inc., (OTCBB:OCTX) or “the Company” is pleased to announce that the Manning project’s operator has confirmed it has received the license to drill the first horizontal production well (W 7-10-91-22W5), one of a series of horizontal wells on the Bluesky Gething formation as previously advised. Lease preparation on site has been concluded, based on rig availability the operator is now targeting to spud the well on July 15, 2014. This well [Read more]