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]
Dejour to Own 99% of Woodrush Production
Plans Q3 Development Program VANCOUVER, British Columbia--(BUSINESS WIRE)--Dejour Energy Inc. (NYSE MKT:DEJ / TSX:DEJ), 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, subject to final approval from the TSX, it will acquire a further 24% Working Interest in its legacy Woodrush oil and gas production project. The acquired 24% interest encompasses production from 3 oil [Read more]
Kitsault Energy Proposes a Dedicated Energy Corridor and Energy Export Terminal Near Kitsault, British Columbia, Canada
VANCOUVER, Canada--(BUSINESS WIRE)--Kitsault is located 800 km (500 miles) north of Vancouver, British Columbia and 115 km (75 miles) north of Prince Rupert, British Columbia, Canada. It is a purpose-built resource community with complete community infrastructure and housing for nearly 1,000 residents. With nearly 350 acres of industrial and residential land, full B.C. Hydro service, and deep water for a port, Kitsault makes both economic and environmental sense as the preferred location to be [Read more]
Dejour Reports 44% Increase in Daily Production in Q1 2014, 37% Increase in Gross Revenues, and 283% Increase in Operating Cash Flow
VANCOUVER, British Columbia--(BUSINESS WIRE)--Dejour Energy Inc. (NYSE MKT: DEJ / TSX: DEJ), 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 month period ended March 31, 2014. The Company generated $2.8 million in gross revenues, a 37% increase over Q1 2013, and positive cash flow from operations of $387,000 compared with a cash deficiency from operations of [Read more]
Octagon 88 Resources Announces Plans To Spud First Horizontal Proudction Well On Bluesky Formation
ZUG, Switzerland--(BUSINESS WIRE)--Octagon 88 Resources (OCTX) is pleased to announce that the operator of the Manning projects has advised Management to spud the first horizontal production well in the Bluesky Gething formation. Octagon 88 anticipates to receive spud dates from the operator post the granting of the drill license. Managements believes that the well will be drilled and completed by the end of May 2014. Further information regarding the approval of the drill license will be [Read more]
Dejour Sees 60% Increase in Net Production at Woodrush
Further Production Enhancements Planned for 2014 VANCOUVER, British Columbia--(BUSINESS WIRE)--Dejour Energy Inc.: (NYSE MKT: DEJ / TSX: DEJ), an independent oil and gas natural gas exploration and production company operating in North America’s Piceance Basin and Peace River Arch regions, announced today that gross daily production at its Woodrush project in NE British Columbia is currently 540 boepd (380 net), an increase of 60% over average gross daily production during Q4 2013 of [Read more]