BOE Report

Marquee Energy Ltd. Announces Significant Increase in 2014 Year-End Reserves

CALGARY, Feb. 4, 2015 /CNW/ - Marquee Energy Ltd. ("Marquee" or the "Company") (TSXV: "MQL") is pleased to announce the results of its independent reserve evaluation as of December 31, 2014, which includes a 39% increase in proved developed producing reserves. The Company's core assets at Michichi and Lloydminster now comprise more than 90% of its total proved reserves on a 10% discounted before tax net present value basis ("NPV10"). Reserve Report Highlights(1) Increased proved developed [Read more]

Connacher Oil and Gas Provides Update on Proposed Recapitalization Transaction

CALGARY, Feb. 4, 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]

Ivanhoe Energy announces termination of Specific Services Contract on Block 20 project in Ecuador

VANCOUVER, Feb. 4, 2015 /CNW/ - Ivanhoe Energy Inc. (TSX: IE; NASDAQ: IVAN) (TSX: IE.DB) today announced that Ivanhoe's Specific Services Contract on Block 20 in Ecuador is being terminated by mutual consent between Ivanhoe and Petroamazonas EP, Ecuador's state-run oil company. As first announced in August 2014, Ivanhoe and Petroamazonas agreed to a process to mutually terminate the Specific Services Contract under which Ivanhoe has been operating since 2008 as a step towards entering into a [Read more]

Perpetual Energy Inc. releases 2014 year-end reserves

CALGARY, Feb. 4, 2015 /CNW/ - (TSX:PMT) – Perpetual Energy Inc. ("Perpetual", the "Corporation" or the "Company") is pleased to release a summary of the Company's year-end 2014 reserves as reported by the independent engineering firm McDaniel and Associates Consultants Ltd. ("McDaniel"). Perpetual's proved and probable reserves increased by close to 70 percent (67 percent per share) year over year, largely driven by the recognition of reserves from the East Edson joint venture ("East Edson [Read more]

Minister Rickford: New CCS Partnership Enhances Cross-border Energy Cooperation on Oil and Gas

OTTAWA, Feb. 4, 2015 /CNW/ - The Honourable Greg Rickford, Canada's Minister of Natural Resources, today issued a statement following the announcement that the U.S. Department of Energy will help advance carbon capture and storage (CCS) technology at Shell Canada's Quest CCS project in Alberta. The Government of Canada has invested $120 million in the Quest project since 2011, supporting jobs, economic growth and environmental performance. "Today's announcement is welcome news for North American [Read more]

LGX Oil + Gas Inc. announces results of successful 2014 drilling program

CALGARY, Feb. 3, 2015 /CNW/ - LGX Oil + Gas Inc. ("LGX" or the "Company") (TSXV: OIL) is pleased to provide completion results from late 2014 southern Alberta drilling activity. LGX drilled two horizontal wells into the Big Valley (Three Forks) Formation (12-2-8-24W4 and 6-36-8-24W4).  The total capital expenditures for the two wells came in on budget at approximately $14 million. The 12-2 well was drilled with a 1,402 m horizontal lateral and was completed with a 20 stage fracture [Read more]

CNOOC Limited Announces its 2015 Business Strategy and Development Plan

HONG KONG, Feb. 3, 2015 /CNW/ -- CNOOC Limited (the "Company", NYSE: CEO, SEHK: 00883, TSX: CNU) today announced its business strategy and development plan for the year 2015. Logo - http://www.prnasia.com/sa/200701301659.jpg The Company's net production target for 2015 is in the range of 475 to 495 million barrels of oil equivalent (BOE), of which production from China and overseas accounts for approximately 67% and 33% respectively. The net production targets set for 2016 and 2017 are around [Read more]

Jinzhou 9-3 Comprehensive Adjustment Project Commences Production

HONG KONG, Feb. 3, 2015 /CNW/ -- CNOOC Limited (the "Company", NYSE: CEO, SEHK: 00883, TSX: CNU) today announced that its Jinzhou 9-3 comprehensive adjustment project has commenced production. The Jinzhou 9-3 oilfield is located in the North Liaodong Bay in Bohai with the water depth in the range of 6.5~10.5 meters. The main production facilities of this adjustment project include one central processing platform, one wellhead platform and 21 producing wells. There are currently 15 wells [Read more]

Pembina Pipeline Corporation Announces Closing of $600 Million Public Note Offering

CALGARY, Feb. 2, 2015 /CNW/ - Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL, NYSE: PBA) is pleased to announce that it has closed its previously announced offering of $600 million of senior unsecured medium-term notes (the "Offering"). The Offering was conducted in two tranches consisting of $450 million in senior unsecured medium-term notes, series 5 (the "Series 5 Notes") having a fixed coupon of 3.54% per annum, paid semi-annually, and maturing on February 3, 2025, and [Read more]

FortisBC finalizes LNG supply agreement with BC Ferries to fuel new vessels

All FortisBC gas customers to benefit from more stable rates due to increased year-round system volumes SURREY, BC, Feb. 2, 2015 /CNW/ - FortisBC – a subsidiary of Fortis Inc. (TSX:FTS) – announced today that it will provide up to 300,000 gigajoules of liquefied natural gas (LNG) per year, the energy equivalent of 7.8 million litres of diesel fuel, for the next 10 years to help fuel BC Ferries' three new intermediate class ferries. The LNG will be supplied from FortisBC's Tilbury facility [Read more]