BOE Report

Madalena Announces New Oil & Gas Discovery

TSXV Trading Symbol: MVNOTC Trading Symbol: MDLNF CALGARY, Nov. 4, 2014 /CNW/ - Madalena Energy Inc. ("Madalena" or the "Company") (TSXV: MVN and OTC: MDLNF) is pleased to provide the following operational update.  KEY HIGHLIGHTS: CANADA Successfully drilled and completed a new horizontal oil and gas exploration discovery (100% WI) in the Nordegg formation on Madalena's Western Canadian assets.  This new discovery well flowed continuously up 7 inch casing and ended its initial clean-up period [Read more]

Bellatrix Exploration Ltd. Reports Record Year-to-Date Production, Funds Flow from Operations, Net Profit and Third Quarter 2014 Financial Results

TSX, NYSE: BXE CALGARY, Nov. 4, 2014 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE: BXE) reports record year-to-date production, funds flow from operations, net profit and third quarter 2014 financial results. Forward-Looking Statements This press release, including the report to shareholders, contains forward-looking statements.  Please refer to our cautionary language on forward-looking statements and the other matters set forth at the beginning of the [Read more]

Veresen Receives Clearance from the Committee on Foreign Investment in the United States for its Previously Announced US$1.425 Billion Acquisition of 50% Interest in the Ruby Pipeline

CALGARY, Nov. 3, 2014 /CNW/ - Veresen Inc. ("Veresen") (TSX: VSN) is pleased to announce that it has received notice from the Committee on Foreign Investment in the United States ("CFIUS") that there are no unresolved national security issues relating to Veresen's previously announced acquisition of the 50% convertible preferred interest owned by Global Infrastructure Partners in the Ruby pipeline system for US$1.425 billion.  The clearance by CFIUS was without conditions and terminates CFIUS [Read more]

PrairieSky Royalty Announces Third Quarter 2014 Results

(All figures are in Canadian dollars) CALGARY, Nov. 3, 2014 /CNW/ - PrairieSky Royalty Ltd. ("PrairieSky") (TSX:PSK) is pleased to announce its third quarter financial results for the period ended September 30, 2014. Third Quarter Highlights Funds from Operations of $68.7 million or $0.53 Adjusted Funds from Operations Per Share (basic) Production averaged 15,448 boe/d (43% crude oil, 10% NGLs and 47% natural gas) As at September 30, 2014 working capital was $75.2 million, [Read more]

Seven Generations Announces Underwriters’ Notice of Exercise of Over-Allotment Option

CALGARY, Nov. 3, 2014 /CNW/ - Seven Generations Energy Ltd. (TSX:VII) (the "Company" or "7G") is pleased to announce that it has received notice from RBC Capital Markets, Credit Suisse Securities (Canada), Inc. and Peters & Co. Limited (the "Co-Lead Underwriters") on behalf of the underwriters including BMO Nesbitt Burns Inc., CIBC World Markets Inc., Jefferies LLC, Scotia Capital Inc., TD Securities Inc., AltaCorp Capital Inc., National Bank Financial Inc., Canaccord Genuity Corp., Cormark [Read more]

Palliser provides update on proposed Maha amalgamation

CALGARY, Oct. 31, 2014 /CNW/ - Palliser Oil & Gas Corporation ("Palliser" or the "Company") (TSX VENTURE: PXL) announces that the proposed amalgamation of the Company and Maha Energy Inc. ("Maha") pursuant to an amalgamation agreement between the Company and Maha dated July 30, 2014 (the "Amalgamation Agreement"), as described in the Company's press release of July 30, 2014, will be modified and delayed. In particular, the proposed bond financing by Maha will not be advanced at present.  [Read more]

Ivanhoe Energy Reports Third Quarter 2014 Financial Results

Note:  All figures are quoted in U.S. dollars unless otherwise noted. CALGARY, Oct. 30, 2014 /CNW/ - Ivanhoe Energy Inc. (TSX: IE; NASDAQ: IVAN) today reported its financial results for the third quarter of 2014. Third Quarter Financial Summary Ivanhoe Energy filed its quarterly financial report on Form 10-Q with the U.S. Securities and Exchange Commission and its unaudited interim consolidated financial statements with the Canadian Securities Administrators for the quarter ended [Read more]

Seven Generations Announces Pricing of Initial Public Offering and Filing of Final Prospectus

CALGARY, Oct. 29, 2014 /CNW/ - Seven Generations Energy Ltd. (the "Company" or "7G") is pleased to announce that it has priced the initial public offering (the "Offering") of 45 million common shares of 7G at $18 per common share ("Offering Price") for aggregate gross proceeds to 7G of $810 million.  7G has filed a supplemented PREP prospectus dated October 29, 2014 (the "Prospectus") in respect of the Offering with the securities commissions of each of the provinces of Canada. The Offering is [Read more]

Penn West Announces Appointment of Mr. Raymond D. Crossley to its Board of Directors

CALGARY, Oct. 29, 2014 /CNW/ - PENN WEST PETROLEUM LTD. (TSX: PWT) (NYSE: PWE) ("Penn West", the "Company", "we", or "our") is pleased to announce that its Board of Directors has appointed Mr. Raymond Crossley, CA to the Board effective late February, 2015, following his pending retirement from a long and distinguished career with PricewaterhouseCoopers LLP ("PwC"). Ray has elected to delay joining the Board until 2015 to ensure an orderly transition with his current PwC relationships. "We are [Read more]