BOE Report

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]

Cenovus sells royalty business for $3.3 billion

Sale to significantly strengthen company's balance sheet CALGARY, June 30, 2015 /CNW/ - Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) has reached an agreement to sell Heritage Royalty Limited Partnership (HRP), a wholly-owned subsidiary, to Ontario Teachers' Pension Plan (Teachers') for gross cash proceeds of approximately $3.3 billion. HRP holds approximately 4.8 million gross acres of royalty interest and mineral fee title lands in Alberta, Saskatchewan and Manitoba. In the first quarter of 2015, [Read more]

CNOOC Limited Bozhong 28/34 Oilfields Comprehensive Adjustment Project Commences Production

HONG KONG, June 30, 2015 /CNW/ -- CNOOC Limited (the "Company", NYSE: CEO, SEHK: 00883, TSX: CNU) announced today that its Bozhong 28/34 oilfields comprehensive adjustment project has commenced production. Logo - http://www.prnasia.com/sa/200701301659.jpg The Bozhong 28/34 oilfields are located in Bohai with an average water depth of approximately 22 meters. The project consists of three sub-projects, namely Bozhong 28-2S oilfields comprehensive adjustment project, Bozhong 34-1 oilfield [Read more]

Sun Kwok Ping Files Early Warning Report for Purchase of Common Shares In Sunshine Oilsands Ltd. (the “Company”)

HONG KONG and CALGARY, Alberta, June 30, 2015 /CNW/ -- Mr. Sun Kwok Ping (the "Securityholder") has filed an early warning report dated June 30, 2015 advising of the purchase of 69,329,000 common shares of the Company at an average price of HK$0.9194 per share of representing approximately 1.78% of the outstanding common shares of the Company.  The Securityholder has filed the report as a result of the increase in his and any joint actor's holdings from 479,078,000 (12.28%) common shares and now [Read more]

Davie welcomes new Quebec Maritime Strategy

LEVIS, QC, June 29, 2015 /CNW Telbec/ - As a leader in the North American maritime industry, Davie applauds the Government of Quebec for its commitment to the sector in its first-ever maritime strategy; which will lead to more jobs and economic prosperity. The maritime strategy that the Quebec government launched today is keenly focused on the sustainability of the maritime industry. "The development of a maritime cluster which extends throughout the maritime industry is a model which has worked [Read more]

Twin Butte Energy Provides Operations Update and Announces Renewal of Credit Facility

CALGARY, June 29, 2015 /CNW/ - Twin Butte Energy Ltd. (TSX:TBE) ("Twin Butte" or the "Company") is pleased to provide an operations update and announce the renewal of its credit facility. Operations Update: Twin Butte shut down drilling activity in mid-February in response to low oil prices and resumed in early June with one rig active in the Provost area. This rig is scheduled to stay in Provost drilling Dina/Cummings, Sparky and Lithic channel prospects into Q4. Based upon field [Read more]

Surge Energy Inc. Announces Change to Management Team

CALGARY, June 29, 2015 /CNW/ - Surge Energy Inc. ("Surge" or "the Company") announced today that, effective immediately, Mr. Maxwell Lof, Chief Financial Officer, will be leaving the Company to pursue other interests. "Surge would like to thank Max for his contributions during his time with the Company.  We wish him all the best in his future endeavours," said Paul Colborne, President and CEO. Surge management's stated goal is to be one of the best positioned light/medium gravity crude oil [Read more]