BOE Report

Madalena Recognized as a 2016 TSX Venture 50® Company

CALGARY, Feb. 25, 2016 /CNW/ - Madalena Energy Inc. ("Madalena" or the "Company") (TSXV: MVN and OTCQX: MDLNF) is pleased to announce it has been recognized as a 2016 TSX Venture 50® company. Kevin Shaw, President and CEO, commented: "Achieving a top tier ranking on the TSX Venture 50® is a great honour and recognition for Madalena. The Company would like to acknowledge the support of our shareholders as we continue to grow our Argentina energy business and strategically execute to unlock [Read more]

Horizon North Logistics Inc. Announces Results for the Quarter and Year Ended December 31, 2015 and Reduction of Quarterly Dividend

TSX Symbol: HNL CALGARY, Feb. 24, 2016 /CNW/ - Horizon North Logistics Inc. ("Horizon North" or the "Corporation") reported its financial and operating results for the three and twelve months ended December 31, 2015 and 2014. Fourth Quarter Highlights The balance sheet continued to be strong as a result of an ongoing focus to minimize working capital and manage capital spending. Debt levels and banking covenants continue to be well below maximum thresholds with $57.5 million of debt and a [Read more]

Northern Blizzard Resources Inc. Announces Conference Call on Fourth Quarter and Year-End 2015 Results

CALGARY, Feb. 24, 2016 /CNW/ - Northern Blizzard Resources Inc. ("Northern Blizzard" or the "Company") (TSX: NBZ) will release its fourth quarter and year-end 2015 financial and operating results prior to the opening of markets on March 14, 2016.  Northern Blizzard will host a conference call on March 14, 2016, starting at 9:00AM MT (11:00AM ET), to review the Company's fourth quarter and year-end 2015 results.  Participants can access the conference call by dialing (403) 532-5601 or [Read more]

Ironhorse Oil & Gas Inc. Announces Filing of Statement of Claim

CALGARY, Feb. 24, 2016 /CNW/ - Ironhorse Oil & Gas Inc. ("Ironhorse" or the "Company") (TSX-V:IOG), advises that Ironhorse and Grizzly Resources Ltd. ("Grizzly") have filed a Statement of Claim in the Court of Queen's Bench of Alberta against Sinopec Daylight Energy Ltd. ("Sinopec"), the operator of pipelines and facilities associated with the Nisku L2L Pool production.  Ironhorse and Grizzly are seeking damages against Sinopec for misrepresentation and breach of contract. [Read more]

Calfrac Announces Fourth Quarter Results

CALGARY, Feb. 24, 2016 /CNW/ - Calfrac Well Services Ltd. ("Calfrac" or "the Company") (TSX-CFW) announces its financial and operating results for the three months and year ended December 31, 2015. HIGHLIGHTS Three Months Ended December 31, Years Ended December 31, 2015 2014 Change 2015 2014 Change (C$000s, except per share and unit [Read more]

Journey Energy Inc. Reports Increased Reserves for 2015 and Updates Guidance for 2016

CALGARY, Feb. 23, 2016 /CNW/ - Journey Energy Inc. (JOY – TSX) ("Journey" or the "Company") is pleased to report its year end 2015 oil and gas reserves evaluation.  During 2015, the company invested approximately $48 million in its capital program including $41 million in exploration and development, and $7 million to consolidate working interests in core properties.  In response to decreasing commodity prices, Journey's capital program was adjusted lower to preserve our balance sheet.  Total [Read more]

Cenovus to present at the Credit Suisse 21st Annual Energy Summit

CALGARY, Feb. 23, 2016 /CNW/ - Robert Pease, Executive Vice-President, Corporate Strategy & President, Downstream, will present at the Credit Suisse 21st Annual Energy Summit in Vail, Colorado on Wednesday, February 24, 2016 at 12:45 p.m. MT (2:45 p.m. ET). The webcast link will be available via Cenovus's website, cenovus.com or via the following URL: https://cc.talkpoint.com/cred001/022216a_ae/?entity=19_NTIBKKJ Cenovus Energy Inc. Cenovus Energy Inc. is a Canadian integrated oil company. [Read more]

Nine Energy Completes First 50 Stage Divert-A-Frac System

HOUSTON, Feb. 23, 2016 /CNW/ - Nine Energy Service, Inc. (Nine) successfully completed their first 50-stage Divert-A-Frac open hole system for a large, global independent operator in the Williston Basin. All 50 stages were successfully placed and the stimulation job was completed as designed with a total of 3.5 MM lb proppant and 52,300 bbl fluid. The stimulation took just over 50 hours, averaging ~1 hour per stage, with zero non-productive time (NPT) related to the system operation. "The [Read more]

Ahead of First White House Visit, Environmental Groups Call on PM Trudeau to Adopt Harmonized Climate Test

It's impossible to meet Canada's Paris climate commitment using 'business as usual' evaluation OTTAWA, Feb. 23, 2016 /CNW/ -  Ahead of Prime Minister Trudeau's first White House visit to discuss climate policy with President Obama, environmental groups across North America today called on PM Trudeau to implement an evidence-based climate test for all energy projects and policies under federal review. Such a test would assess the economic viability of energy infrastructure [Read more]

Petromin provides update on legal actions

VANCOUVER, Feb. 23, 2016 /CNW/ - Petromin Resources Ltd. ("Petromin" or the "Company") advises that the British Columbia Supreme Court (the "Court") has denied applications (the "Applications") by dissident shareholders Ivano DeCotiis and Tyrone Daum (the "Dissidents"), made in connection with the legal actions commenced by them (the "Legal Actions"), as initially disclosed in the Company's news releases dated December 23, 2015 and January 11, 2016.  In the Applications, the Dissidents asked the [Read more]