BOE Report

Irving Oil has agreed, subject to court approval, to contribute to the Lac-Mégantic compensation fund

SAINT JOHN, NB, March 20, 2015 /CNW/ - Irving Oil has agreed, subject to court approval, to contribute $75 Million (CDN) to the compensation fund that has been established for those suffering losses as the result of the Lac-Mégantic derailment. We fully support the establishment of the fund as an industry-wide response to the tragedy, which will provide substantial payments without further lengthy legal proceedings. About Irving Oil Irving Oil was founded in 1924 and is a privately owned [Read more]

Irving Oil and TransCanada Co-Sponsor National Speed Skating Competition

FREDERICTON, NB, March 20, 2015 /CNW/ - Irving Oil and TransCanada Corporation (TransCanada) have teamed up as co-sponsors for this year's Canada East Short Track Championships – contributing $15,000 to the national speed skating event, which is being hosted in Fredericton, New Brunswick, for the first time this year. "You can't do an event like this without community partners," said Trevor Corey, President of the Fredericton Amateur Speed Skating Club and Chair of the Host Committee for this [Read more]

Marquee Energy Ltd. announces record financial and operating results for 2014 and the sale of a production volume royalty on its Lloydminster property

CALGARY, March 19, 2015 /CNW/ - Marquee Energy Ltd. ("Marquee" or the "Company") (TSXV: "MQL") announces record production and funds flow from operations for the year ended December 31, 2014. The Company's financial statements and Management's Discussion and Analysis ("MD&A") for the three and twelve months ended December 31, 2014 are available on SEDAR at www.sedar.com and on Marquee's website at www.marquee-energy.com. Marquee is also pleased to announce that it has entered into a [Read more]

Surge Energy Inc. Announces Record 2014 Year-End Results and Files Annual Information Form

CALGARY, March 19, 2015 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) is pleased to announce its financial and operating results for the year ended December 31, 2014 and has filed its Annual Information Form ("AIF") for the year ended December 31, 2014 on SEDAR. HIGHLIGHTS Surge's NAV per share increased from $6.95 per share on December 31, 2013 to $7.36 per share on December 31, 2014 (despite the large reduction in Sproule's 2015 crude oil commodity price [Read more]

Enerplus Announces Cash Dividend for April 2015

CALGARY, March 19, 2015 /CNW/ - Enerplus Corporation ("Enerplus") (TSX: ERF) (NYSE: ERF) announces that a cash dividend in the amount of CDN$0.05 per share will be payable on April 15, 2015 to all shareholders of record at the close of business on March 31, 2015. As announced previously, Enerplus believes this is a more appropriate dividend level in the context of current commodity prices. The ex-dividend date for this payment is March 27, 2015. The CDN$0.05 per share dividend is equivalent to [Read more]

Yangarra Announces Year End 2014 Financial and Operating Results

CALGARY, March 19, 2015 /CNW/ - Yangarra Resources Ltd. ("Yangarra" or the "Company") (TSX:YGR) releases its 2014 financials. 2014 Financial and Operating Highlights Average daily production was 2,870 boe/d, a 30% increase from 2013. Oil and gas sales, after royalties, were $51.4 million with funds flow from operations of $38.3 million ($0.70 per share - basic).  This represents a 48% increase and a 49% increase, respectively, from 2013. Net Income of $24.4 million ($0.45 per share - [Read more]

Whitecap Resources Inc. Announces Fourth Quarter and Year End 2014 Results

CALGARY, March 17, 2015 /CNW/ - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX: WCP) is pleased to report its operating and audited financial results for the year ended December 31, 2014. Whitecap's audited consolidated financial statements and related Management's Discussion and Analysis ("MD&A") and Annual Information Form ("AIF") will be available at www.sedar.com and on our website at www.wcap.ca. FINANCIAL AND OPERATING HIGHLIGHTS Three months ended [Read more]

Ironhorse Announces 2014 Reserves

CALGARY, March 17, 2015 /CNW/ - Ironhorse Oil & Gas Inc. ("Ironhorse" or the "Company") (TSX-V: IOG) announces its 2014 year-end reserves information The Company's year-end reserves evaluation with the effective date of December 31, 2014 was prepared by GLJ Petroleum Consultants Ltd. and Sproule Associates Limited in accordance with definitions, standards and procedures contained in the Canadian Oil and Gas Evaluation Handbook ("COGE Handbook") and NI 51-101 "Standards of Disclosure for Oil [Read more]

Athabasca Oil Corporation Announces Executive Changes and Cost Initiatives Update

CALGARY, March 17, 2015 /CNW/ - Athabasca Oil Corporation (TSX: ATH) ("Athabasca" or the "Company") announces the separation of the Chair of the Board and Chief Executive Officer ("CEO") role effective April 20, 2015.  Additionally, in conjunction with the strategic initiatives outlined in the fall the Company has now also concluded a thorough review and realignment of its corporate cost structure. Executive Changes On October 1, 2014 Mr. Buchanan, Board Chair, was appointed President and [Read more]

Nexen Energy ULC announces organizational changes in response to industry downturn

CALGARY, March 17, 2015 /CNW/ - Nexen Energy ULC (Nexen), a wholly owned subsidiary of CNOOC Limited, has announced organizational changes that will reduce its North American workforce by approximately 350 employees. Nexen UK has also initiated a consultation process to adjust its staffing levels by approximately 50 employees. "In response to the recent industry downturn that has affected all companies in the energy sector, a decision was made to conduct a thorough review of our organization [Read more]