BOE Report

Canada's Oil Industry to Lose Money and Jobs in 2015

OTTAWA, March 25, 2015 /CNW/ - The collapse of oil prices in the second half of 2014 will take a bite out of the Canadian oil industry's finances. Revenues are expected to fall by 37 per cent and the industry will post a pre-tax loss of more than $3 billion and shed close to 8,000 jobs this year, according to The Conference Board of Canada's latest Canadian Industrial Outlook: Canada's Oil Extraction Industry. "With WTI prices now hovering below US$50 and most projections climbing slowly to [Read more]

LGX Oil + Gas Inc. Announces Year-end Results, 2015 Guidance and Filing of Annual Information Form

CALGARY, March 24, 2015 /CNW/ - LGX Oil + Gas Inc. ("LGX" or the "Company") (TSXV:OIL) is pleased to announce it has filed on SEDAR its audited financial statements and related Management's Discussion and Analysis ("MD&A") for the year ended December 31, 2014 as well as its annual information form ("AIF") for the year ended December 31, 2014.  Selected financial and operational information is outlined below and should be read in conjunction with LGX's audited financial statements, the [Read more]

Seven Generations Energy Ltd. Announces Change of Auditor

CALGARY, March 24, 2015 /CNW/ - Seven Generations Energy Ltd. ("7G" or the "Company")(TSX: VII) announces the resignation of Deloitte LLP, Chartered Accountants ("Deloitte") as auditor of the Company and the appointment of PricewaterhouseCoopers LLP ("PwC") as the Company's new auditor, effective March 11, 2015. On August 5, 2014, Deloitte acquired Visser Consulting Ltd. ("Visser"), which provides regulatory, safety and environmental compliance consulting services to the Company. Deloitte [Read more]

Seven Generations Energy Ltd. Announces Executive Changes

CALGARY, March 24, 2015 /CNW/ - Seven Generations Energy Ltd. ("7G" or the "Company") (TSX: VII) announced today that Mr. Harry Cupric will be resigning as Chief Financial Officer effective March 31, 2015. Pat Carlson, CEO said, "We are very grateful to Harry for his formative contribution to the Company, especially the diligence and professionalism displayed in taking us from a private company with just a few wells to a large publicly traded company. Harry's effective style made an important [Read more]

Connacher Announces Q4 2014 and Year-End 2014 Results

CALGARY, March 24, 2015 /CNW/ - Connacher Oil and Gas Limited (CLL - TSX; "Connacher" or the "Company") announces its financial and operating results for the quarter and the year-ended December 31, 2014 (all amounts are in Canadian dollars unless otherwise noted). The Company's annual financial statements and related management's discussion and analysis ("MD&A") for the quarter- and the year-ended December 31, 2014 can be accessed on Connacher's website at www.connacheroil.com and on [Read more]

Marquee Energy Ltd. Announces the Closing of a Production Volume Royalty Sale for $20 Million on its Lloydminster Property

CALGARY, March 24, 2015 /CNW/ - Marquee Energy Ltd. ("Marquee" or the "Company") (TSXV: "MQL") has closed the previously announced sale of a static production volume royalty ("PVR") on its Lloydminster property for net proceeds of $20 million. The sale (the "Transaction") provides a non-dilutive source of funding to Marquee which will be used to reduce debt and to fund the Company's 2015 Michichi capital expenditure program. The Transaction highlights Marquee's focus on the continued [Read more]

Twin Butte Energy announces 2014 year end financial and operating results: Record cash flow, executive appointment

CALGARY, March 23, 2015 /CNW/ - (TSX: TBE) - Twin Butte Energy Ltd. ("Twin Butte" or  the  "Company") is pleased to report financial and operational results for the three and twelve months ended December 31, 2014, along with year-end reserves, an operational update and executive appointment. Just under a year ago as part of a review of the Company's operations and opportunities, the Board of Directors initiated strategic changes to accelerate the transition of Twin Butte to a medium gravity, [Read more]

Bellatrix Announces 2014 Year-End Disclosure Documents

TSX: BXE CALGARY, March 20, 2015 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE: BXE) is pleased to announce the filing of its Annual Information Form for the year ended December 31, 2014 (the "AIF") with the Canadian securities regulatory authorities on the System for Electronic Analysis and Retrieval ("SEDAR"). In addition, Bellatrix has filed its Annual Report on Form 40-F for the year ended December 31, 2014, which includes the AIF, with the U.S. Securities and [Read more]

LGX Oil + Gas Inc. comments on recent market activity

CALGARY, March 20, 2015 /CNW/ - LGX Oil + Gas Inc. ("LGX" or the "Company") (TSXV: OIL) wishes to comment on the unusual recent market activity in its stock.   Although it is generally the Company's policy to not comment on market rumours or activities, the Company advises that it is not aware of any undisclosed material change that would account for the recent market activity.  As previously disclosed, the Company intends to release its annual operational and financial results for 2014 on March [Read more]

Connacher Oil and Gas Limited Clarifies Procedures Associated with its Recapitalization and Extends Deadline

CALGARY, March 20, 2015 /CNW/ - Connacher Oil and Gas Limited (CLL – TSX; "Connacher" or the "Company") is providing clarification in connection with its previously announced planned recapitalization transaction (the "Recapitalization"), details of which are set forth in the management information circular dated February 20, 2015 ("Information Circular") which is available on the Company's website at www.connacheroil.com and on SEDAR under the Company's profile at www.sedar.com. Upon [Read more]