BOE Report

GE Capital, Canada and Gaz Métro Join Forces to Accelerate Trucking Industry's Move to Natural Gas

MONTREAL, July 6, 2015 /CNW/ - GE Capital, Canada and Gaz Métro Transport Solutions (GMTS), a subsidiary of Gaz Métro, announced today the signing of a strategic agreement that will facilitate the trucking industry's adoption of natural gas as a fuel in Eastern Canada. GE Capital has been providing wholesale and retail financing to the country's commercial trucking sector for 35 years. Since its creation in 2010, GMTS has become a leader in the alternative fuels space in Quebec, both for the [Read more]

LGX Oil + Gas Inc. announces operations and corporate updates

CALGARY, July 6, 2015 /CNW/ - LGX Oil + Gas Inc. ("LGX" or the "Company") (TSXV: OIL) is pleased to provide an update of the Banff completion results from the 6-36-8-24 W4M well and various corporate developments. As previously announced, the Banff Formation was completed with a 6 m perforated interval in the build section of the intermediate casing of the 6-36 well and stimulated with a small volume acid job.  Pump and rods have been run in the well and the well is currently producing at [Read more]

Northern Blizzard Resources Inc. Announces Operational Update

CALGARY, July 6, 2015 /CNW/ - Northern Blizzard Resources Inc. ("Northern Blizzard" or the "Company") (TSX: NBZ) announces an operational update. Production for the second quarter of 2015 was approximately 21,600 boe/d as compared to 22,469 boe/d in the first quarter of the year. Production for the first half of 2015 was approximately 22,030 boe/d. Operating costs for the second quarter of 2015 were approximately $17.40 per boe. Operating costs were approximately $16.80 per boe for the first six [Read more]

Canada and India Highlight Growing Energy Relationship

CALGARY, July 5, 2015 /CNW/ - The Honourable Greg Rickford, Canada's Minister of Natural Resources, and Shri Dharmendra Pradhan, India's Minister of State (Independent Charge) Petroleum and Natural Gas, today met in Calgary, Alberta, Canada, for the 2nd India-Canada Ministerial Energy Dialogue to discuss enhancing energy cooperation between the two countries in the areas of oil, natural gas,  clean energy, power transmission and skill development. They highlighted Canada and India's growing [Read more]

SilverWillow Energy Corporation Announces Acquisition By Value Creation Inc.

CALGARY, July 2, 2015 /CNW/ - SilverWillow Energy Corporation (TSXV:SWE) ("SilverWillow" or the "Company") announces that it has entered into a definitive acquisition agreement (the "Acquisition Agreement") pursuant to which Value Creation Inc. ("Value Creation") will acquire all of the outstanding common shares of SilverWillow for cash consideration of C$0.03 per share (the "Transaction"). The Acquisition Agreement was negotiated at arm's length between SilverWillow and Value Creation. The [Read more]

Raimount Announces Normal Course Issuer Bid

CALGARY, July 2, 2015 /CNW/ - Raimount Energy Inc. ("Raimount" or the "Corporation"), TSXV: RMT announces that, the TSX Venture Exchange ("TSXV") has approved, the Corporation's intention to purchase certain of its Common Shares by way of a normal course issuer bid (the "NCIB") through the facilities of the TSXV. Raimount may purchase up to a maximum of 218,666 Common Shares, which represents 5% of the Corporation's current issued and outstanding Common Shares. Raimount will commence open market [Read more]

Bellatrix to Present at the Upcoming 2015 TD Securities Calgary Energy Conference and Announces Updated Commodity Risk Management Contracts

TSX, NYSE: BXE CALGARY, July 2, 2015 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE: BXE) is pleased to announce it will be attending the 2015 TD Securities Calgary Energy Conference on Wednesday July 8, 2015. Bellatrix maintains a strong risk management program in 2015, with approximately 90% of forecast natural gas volumes hedged with fixed price contracts through the summer season (April through October) compared with the mid-point of our annual average [Read more]

Elk-Antelope Joint Venture Selects LNG Project Sites

SINGAPORE and PORT MORESBY, Papua New Guinea, July 2, 2015 /CNW/ -- InterOil Corporation (NYSE: IOC; POMSoX: IOC) and the PRL 15 joint venture participants have unanimously endorsed recommendations from Total SA for key project infrastructure sites for development of the Elk-Antelope gas field in Papua New Guinea. The central processing facility for the Elk-Antelope gas field, on which the project is based, will be near the Purari River in the Gulf Province, about 360km north-west of Port [Read more]

Spyglass Resources Corp. Announces Completion of Credit Facility Review

CALGARY, June 30, 2015 /CNW/ - Spyglass Resources Corp. ("Spyglass", or the "Company") (TSX: SGL, OTCQX: SGLRF) announces that following the Company's semi-annual review by its lenders, the total credit facility, as amended, remains at $200 million.  The credit facilities now consist of a $100 million syndicated borrowing base facility and a $100 million syndicated reducing term facility. The syndicated borrowing base facility is reviewed semi-annually and both facilities currently have a May [Read more]

NEB approves Quicksilver's export licence

CALGARY, June 30, 2015 /CNW/ - The National Energy Board (NEB) has approved the application of Quicksilver Resources Canada Inc. (Quicksilver) for a 25 year natural gas export licence with a maximum term quantity of 733 billion cubic metres 1 . The issuance of this licence is subject to the approval of the Governor in Council. When evaluating natural gas and LNG export licence applications, the NEB considers if the quantity of gas proposed to be exported is surplus to Canadian requirements, [Read more]