BOE Report

Oando Energy Resources Announces Significant Increase in Reserves

CALGARY, April 8, 2015 /CNW/ - Oando Energy Resources Inc. ("OER" or the "Company") (TSX: OER), a company focused on oil and gas exploration and production in Nigeria, today announced its 2014 year-end summary Reserves and Resources for its assets in Nigeria. The annual independent reserves and resources evaluation was undertaken by DeGolyer and MacNaughton ("D&M"), worldwide petroleum consulting group, and prepared in accordance with National Instrument 51-101 "Standards of Disclosure for Oil [Read more]

Madalena announces 860 boe/d Loma Montosa horizontal well test at Puesto Morales and 590 boe/d Sierras Blancas well at Coiron Amargo

TSXV Trading Symbol: MVNOTC Trading Symbol: MDLNF CALGARY, April 8, 2015 /CNW/ - Madalena Energy Inc. ("Madalena" or the "Company") (TSXV: MVN and OTC: MDLNF) is pleased to announce it has recently completed the testing of an operated horizontal multi frac well (PMS-1135(h)) in the Loma Montosa formation on its 100% working interest property at Puesto Morales, one of Madalena's four strategic resource plays in Argentina.  Madalena is also pleased to provide an update on its horizontal well [Read more]

Ikkuma Resources provides year-end reserves and operations update, and reports 3,435 BOEPD unstimulated flow test from recompleted Mannville conventional gas well

TSX Venture Exchange: IKM CALGARY, April 6, 2015 /CNW/ - Ikkuma Resources Corp. ("Ikkuma" or the "Corporation") is pleased to provide its year end 2014 reserves report, and announces the following operational successes. Recent Mannville Recompletion In the most recently recompleted well in its 2014 – 2015 capital program, several unstimulated, commingled upper Mannville Group sandstones delivered exceptionally strong results for the Corporation. During the first 22 hours of production [Read more]

Connacher Continues Review of Capital Structure

CALGARY, April 2, 2015 /CNW/ - On January 30, 2015 Connacher Oil and Gas Limited (CLL - TSX; "Connacher" or the "Company") announced a proposed recapitalization transaction (the "Recapitalization") aimed at significantly reducing the Company's debt and annual interest expense, and providing additional liquidity to fund ongoing operations. On Thursday, April 2, 2015, the Court of Queen's Bench of Alberta dismissed the Company's application for a final order to implement the Recapitalization, as [Read more]

3MV Energy Announces the Issuance of Shares

CALGARY, April 2, 2015 /CNW/ - 3MV Energy Corp. ("3MV" or the "Company") (TSXV: TMV) is pleased to announce that it has issued 397,474 shares of the Company to Audax Investments Ltd ("Audax") in relation to interest payable quarterly on the $2MM secured draw down facility term loan. The debt facility bears interest at eight percent (8%) per annum, calculated and payable quarterly at the greater of the volume weighted average market price of the shares of 3MV on the five trading days preceding [Read more]

Perpetual Energy Inc. Announces Closing of Swap of West Edson Property for 6.75 Million Tourmaline Shares With Market Value of $258.7 Million and Updates Borrowing Base on Credit Facility

CALGARY, April 1, 2015 /CNW/ - (TSX:PMT) - Perpetual Energy Inc. ("Perpetual", the "Corporation" or the "Company") is pleased to announce the closing of the previously announced swap with Tourmaline Oil Corp. ("Tourmaline") to exchange its joint interest share in its West Edson asset in West Central Alberta for 6.75 million Tourmaline common shares ("TOU Shares") having a current market value of approximately $258.7 million based on today's closing price of the TOU Shares on the Toronto Stock [Read more]

Oando Energy Resources announces year end 2014 results

CALGARY, April 1, 2015 /CNW/ - Oando Energy Resources Inc. ("OER" or the "Company") (TSX: OER), a company focused on oil and gas exploration and production in Nigeria, today announced financial and operating results for the year ended December 31, 2014. The audited consolidated financial statements, notes and management's discussion and analysis pertaining to the period are available on the System for Electronic Document Analysis and Retrieval ("SEDAR") at www.sedar.com and by visiting [Read more]

Keyera and Kinder Morgan to Construct 4.8 Million Barrel Above Ground Crude Oil Storage Terminal Near Edmonton

CALGARY, March 31, 2015 /CNW/ - Keyera Corp. (TSX:KEY) ("Keyera") today announced a 50-50 joint venture with Kinder Morgan, Inc. (NYSE:KMI) ("Kinder Morgan") to build the Base Line Terminal (the "Terminal"), an above ground crude oil storage terminal near Edmonton, Alberta. The project is underpinned by several take-or-pay agreements ranging up to 10 years in length with creditworthy customers. Based on current capital estimates, Keyera's share of costs to construct the Terminal is estimated to [Read more]

Minister Rickford: Canada's Plan for Responsible Resource Development Supports British Columbia's Energy and Mineral Potential

VANCOUVER, March 31, 2015 /CNW/ - The Honourable Greg Rickford, Canada's Minister of Natural Resources, today delivered keynote remarks hosted by the Vancouver Board of Trade, where he highlighted how Canada's plan for Responsible Resource Development is supporting jobs, protecting the environment and enhancing First Nations engagement. Minister Rickford reinforced Prime Minister Stephen Harper's recent announcement accelerating the capital cost allowance on equipment used for liquefied natural [Read more]

Pembina Pipeline Corporation Launches $200 Million Bought Deal Preferred Share Offering

CALGARY, March 31, 2015 /CNW/ - Pembina Pipeline Corporation ("Pembina" or "the Company") (TSX: PPL; NYSE: PBA) is pleased to announce that it has entered into an agreement with a syndicate of underwriters co-led by Scotiabank and RBC Capital Markets (together, the "Underwriters") pursuant to which the Underwriters have agreed to purchase from Pembina 8,000,000 cumulative redeemable rate reset class A preferred shares, Series 9 (the "Series 9 Preferred Shares") at a price of $25.00 per share for [Read more]