BOE Report

Journey Energy Inc. Reports 98% Increase to 2014 Year End Reserves

CALGARY, Feb. 24, 2015 /CNW/ - Journey Energy Inc. (JOY – TSX) ("Journey" or the "Company") is pleased to report its year end 2014 oil and gas reserves evaluation. The reserves evaluation validates our balanced approached between strategic acquisitions and exploration and development, and highlights the continued multi-year success of the Company in enhancing the value of legacy oil pools through the application of new technology. Highlights: Invested over $260 million in our capital [Read more]

Ivanhoe Energy receives delisting notice from Nasdaq

VANCOUVER, Feb. 23, 2015 /CNW/ - Ivanhoe Energy Inc. (TSX: IE; NASDAQ: IVAN) (TSX: IE.DB) announced today that the company received a letter, dated February 20, 2015, from the Listing Qualifications Department of The Nasdaq Stock Market informing the company that, after reviewing the company's news release dated February 20, 2015 regarding its determination to file a Notice of Intention to Make a Proposal pursuant to the provisions of Part III of the Bankruptcy and Insolvency Act and such other [Read more]

Shell Canada withdraws regulatory application for Pierre River Mine

CALGARY, Feb. 23, 2015 /CNW/ - Shell announced today it is withdrawing its regulatory application for the proposed Pierre River Mine north of Fort McMurray, Alberta to focus attention on its existing oil sands operations. "The Pierre River Mine (PRM) remains a very long term opportunity for us but it's not currently a priority," said Lorraine Mitchelmore, Shell Canada President and Executive Vice President of Heavy Oil.  "Our current focus is on making our heavy oil business as economically [Read more]

Canadian Gas Association Welcomes and Fully Supports new Tax Treatment for LNG Facilities, Says Measure Will Drive LNG Investments and New Domestic Markets for Clean and Affordable Natural Gas

OTTAWA, Feb. 20, 2015 /CNW/ - The Canadian Gas Association (CGA) welcomes the announcement that the Government of Canada intends to establish new Capital Cost Allowance (CCA) rates to help support investment in liquefied natural gas (LNG) facilities in Canada. The Federal Government announced that it intends to establish a capital cost allowance rate of 30 per cent for equipment used in natural gas liquefaction and 10 per cent for buildings at a facility that liquefies natural gas. This [Read more]

Ivanhoe Energy to file a notice of intention to make a proposal under the Bankruptcy and Insolvency Act (Canada)

VANCOUVER, Feb. 20, 2015 /CNW/ - Ivanhoe Energy Inc. (TSX: IE; NASDAQ: IVAN) (TSX: IE.DB) today announced that, with the authorization and approval of its board of directors, the company has made a determination to file a Notice of Intention to Make a Proposal (Notice of Intention) pursuant to the provisions of Part III of the Bankruptcy and Insolvency Act (BIA) (Canada). Pursuant to the Notice of Intention, Ernst & Young Inc. (EY) has been appointed as the trustee in the company's proposal [Read more]

Connacher Oil and Gas Obtains Interim Court Order

CALGARY, Feb. 20, 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. This Recapitalization has the committed support of holders of existing second lien secured notes (the "Existing Second Lien Notes") holding, on a combined [Read more]

Enerplus Delivers Strong 2014 Operating Results and Low Cost Reserves Additions; Updates 2015 Strategy to Enhance Value and Balance Sheet Strength

CALGARY, Feb. 20, 2015 /CNW/ - Enerplus Corporation ("Enerplus") (TSX: ERF) (NYSE: ERF) is pleased to announce our results for the fourth quarter of 2014 as well as full year 2014 operating, financial and reserves results.  We are also updating our outlook for 2015 with regard to our spending plans and our strategy to preserve our financial strength and enhance the value of our portfolio in the current commodity price environment. 2014 KEY TAKEAWAYS: Production growth of 15% [Read more]

Genalta Power and Baytex Energy announce activation of first phase in 20MW gas conservation power project

CALGARY, Feb. 19, 2015 /CNW/ - Genalta Power Inc. ("Genalta") is pleased to announce the completion of the first phase of its Three Creeks project, part of the Peace River Power Centre, in conjunction with Baytex Energy Corp. (TSX:BTE)(NYSE:BTE) ("Baytex"). The electrical power generating facility is located near Baytex's Three Creeks Field in the Peace River region of northern Alberta. The new facility is designed to conserve solution gas in the area, while providing a new source of low [Read more]

Imperial to build new oil sands research centre in southeast Calgary

Centre will continue focus on developing efficient next-generation oil sands technologies Facility design will incorporate new technologies and flexibility to accommodate future needs Occupancy planned for 2017 CALGARY, Feb. 18, 2015 /CNW/ - Imperial Oil Limited announced today that it will build a new research facility in southeast Calgary. The new research centre will continue Imperial's progress in developing next-generation resource recovery technologies for safely and efficiently [Read more]

Advantage Announces 2014 Reserves & Operational Update

321% Reserve Replacement, 3.2x Recycle Ratio and $1.03/Mcfe Finding & Development Cost Reaffirms High Quality Glacier Asset (TSX: AAV, NYSE: AAV) CALGARY, Feb. 17, 2015 /CNW/ - Advantage Oil & Gas Ltd. ("Advantage" or the "Corporation") is pleased to report highly efficient 2014 reserve additions from its continuing Montney resource development at Glacier, Alberta ("Glacier").  In particular, improved well performance in the Upper, Middle and Lower Montney contributed to a significant [Read more]